5 ms·
communism
by handojin 5y ago
communism
- Robotbeat 5y agoThe Singapore system purportedly works pretty well.
- AnimalMuppet 5y agoDoes Singapore do anything in particular with regard to landlords?
- khuey 5y agoIn Singapore the state builds housing and sells it to citizens cheaply.
- Robotbeat 5y agoSingapore has “social housing” except the government builds the housing and sells it to people for cheap: https://noahpinion.substack.com/p/a-singapore-plan-for-public-housing https://noahpinion.substack.com/p/a-singapore-plan-for-publi...
- onlyrealcuzzo 5y agoMy understanding is that the median condo in Singapore costs $1M USD. Is this not true, and if it is, then how is $1M USD for a condo considered cheap? You can get condos next to The Four Seasons in Beverly Hills for that price...
- Robotbeat 5y agoIs your figure for private condos or government built? Keep in mind Singapore has a higher PPP per capita than the US.
- greenshackle2 5y agoThat's for private condos. 80% of people in Singapore live in government built public housing. The cost of the average public apartment is more like $300k which is not that bad for a city like Singapore. As far as I can tell most comparisons for "the price of housing between Singapore and X" only look at private condos, probably because X doesn't have anything like Singapore's public flats to compare with for almost all values of X. (When you "buy" a public apartment from the government, you get a 99 year lease, which you can resell. There are restrictions on buying public apartments, if I remember right you have to be a citizen or PR, and you have to be married or 35+. They cannot be bought by corporations.)
- deleted 5y ago[deleted]
- greenshackle2 5y agoIt bars corporate landlords from 80% of the housing stock, which is public. However they can buy and rent out the other 20% much like anywhere else, I guess.
- frashelaw 5y ago10000000 million