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23-12-2013, 09:10 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
The Government cannot "eliminate" the property cycle, but it "can try to keep bubbles less bubbly", National Development Minister Khaw Boon Wan wrote in a Facebook post on Monday.
He made the comment when referring to an International New York Times article on the housing crash in Ireland, where prices have dropped by 50 per cent since the peak in 2007.
Mr Khaw noted that a housing bubble and "its inevitable bust" would bring "huge misery to many". While the Government cannot get rid of this cycle, it can try to contain the "bubbles". "This means taking away the punch bowl when the party is getting hot, much to the unhappiness of sellers and developers. But this is the right thing to do," he concluded.
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn2/960239_10151771537057115_1926003917_n.jpg
LESS BUBBLY: The Government cannot "eliminate" the property cycle, but it can "try to keep bubbles less bubbly", National Development Minister Khaw Boon Wan says. http://$$$$$$$/JY4Avn
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?171121-We-can-keep-the-bubbles-less-bubbly!!!&goto=newpost).
The Government cannot "eliminate" the property cycle, but it "can try to keep bubbles less bubbly", National Development Minister Khaw Boon Wan wrote in a Facebook post on Monday.
He made the comment when referring to an International New York Times article on the housing crash in Ireland, where prices have dropped by 50 per cent since the peak in 2007.
Mr Khaw noted that a housing bubble and "its inevitable bust" would bring "huge misery to many". While the Government cannot get rid of this cycle, it can try to contain the "bubbles". "This means taking away the punch bowl when the party is getting hot, much to the unhappiness of sellers and developers. But this is the right thing to do," he concluded.
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn2/960239_10151771537057115_1926003917_n.jpg
LESS BUBBLY: The Government cannot "eliminate" the property cycle, but it can "try to keep bubbles less bubbly", National Development Minister Khaw Boon Wan says. http://$$$$$$$/JY4Avn
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?171121-We-can-keep-the-bubbles-less-bubbly!!!&goto=newpost).