9527 Why owning a flat
To own your own flat is not a good policy for the long run of the economies.
What is the final usage of owning a flat?
It is to leave it to the second generation.
It is one of the hints for the future inequality.
It is a problem for politicians and economists.
One have to think it twice before everything.......
The following is an article I wrote 10 years ago......
Hong Kong is a small place. To own a flat is never easy. Let say a young man has got HK$20,000 (US$2500)a month, if he wishes to buy a flat of HK$4,000,000 (US$513000). It is almost impossible for him. He has to give up every other wishes, but to work for a down payment first.
The Government of Hong Kong has been encouraging people to own their own flat. It has been a long term policy for the Government to do so. But the real estate keep going up. Buying your own flat is unrealistic.
The Government has got one choice only, that is to beat the market, and hoping to keep the prices lower. But no matter how low the price, it is still not practical to buy a flat.
Why not change the policy? To rent a flat is almost as good.
In the old times, people had a different thought. If a young man has not a grand wish but to own some estates only, he must be a weak character without ambition. Why not put all the efforts on what you really wish to do?
And the Government should not build houses to sell, but to rent. the situation would be totally different.
Properties and fortunes need to be accumulated for the later use for humanity.
We need to have two feets to walk.
You can always buy your own house. It is your choice. You can have the other choice to accumulate your wisdom for the better use for humanity. To concentrate too much for your self-intetest in buying a flat is for some other people, not for you.
..
沒有留言:
發佈留言