News for hackers. Stuff that matters.

A comment on Housing Can’t Be Both Affordable and a Good Investment (2018). Parent comment

Re:Housing Can’t Be Both Affordable and a Good Investment (2... by k3nt0456 on Wednesday May 01, 2019 @09:13PM (#19803557)
Singapore is the closest success story I can think of.

Requirements: - be a citizen - get married

The government will then build a flat for you and hand you the keys 5 years later for about a fourth of the private market price.

Of course you need an economy that can pay for all this, so it won't be universally applicable

[ Parent | on HN ]
Re:Housing Can’t Be Both Affordable and a Good Investment (2... by closeparen on Wednesday May 01, 2019 @10:01PM (#19803870)
What do you do while unmarried or in the first 5 years?
[ Parent | on HN ]
Re:Housing Can’t Be Both Affordable and a Good Investment (2... by CydeWeys on Wednesday May 01, 2019 @10:29PM (#19804034)
You continue living with your family.
[ Parent | on HN ]
Re:Housing Can’t Be Both Affordable and a Good Investment (2... by closeparen on Thursday May 02, 2019 @01:50AM (#19805100)
You conduct your relationships and the first few years of your marriage within earshot of your parents?
[ Parent | on HN ]
Re:Housing Can’t Be Both Affordable and a Good Investment (2... by drb91 on Thursday May 02, 2019 @01:57AM (#19805140)
This seems cultural, and before the invention of privacy this was the norm.

EDIT: I thought that was a meme and it's not—i'm referring to the growth of the middle class and multi-room houses.

[ Parent | on HN ]
Re:Housing Can’t Be Both Affordable and a Good Investment (2... by CydeWeys on Thursday May 02, 2019 @02:58PM (#19811344)
That's how the rest of the world does it, so, yes? Also note that pre-marital relationships are often not very common.
[ Parent | on HN ]
Re:Housing Can’t Be Both Affordable and a Good Investment (2... by apexalpha on Thursday May 02, 2019 @05:37AM (#19806161)
The alternative is a market based housing market such as another city state has: Hong Kong.

I think everyone in Hong Kong would happily live with their parents for 5 years if it means they can buy their own flat afterwards.

[ Parent | on HN ]