想香港樓市冧的人, *佢地想住地方*一定係樓市平,冇 乜人係街.....

移民吧!!!

The most horrible thing for property price falling 50% in HK :

1) Government rely heavily on the land selling and related tax, if the property price is falling, land value will follow, if you remember 2003, Civil servants had to cut salaries, government need to simplify the structure by recruiting less people because the huge net loss per year could go up to 100 billions, so after 4 years (the financial reserve is only 400 billions), HK government can go bankrupcy !

2) Government tax is simple and very low in HK, yet most of land selling surplus were being used to support public housing, subsidy housing, medical, education, social welfare and civil servants salaries, do not underestimate its expenses, currently these spending altogether could be up to 200 billions per year

3) If the property price going down  by 50%, bank will call loans, thousands of property owners would turn to negative assets, everyone will keep the spending to minimum, so the economy shrinkage would be huge than anyone could imagine;

4) Instead of lending money, banks will turn off the water supply to keep alive, they would not only call loans for property owners, they would also call loans from the commerical organizations, some middle or lower organization would turn bankrupcy, causing chain reaction and unempolyment rates to go up in a rocket launch speed ;

5) So for those who want to make property price dropping 50% and try to buy back, I am sure they will dare not to buy back when the price did really go up by 50% because he may lose a job, even they got a lot of real cash, They would rather keep themselves alive by safeguard this cash rather than buying anything !

When the HK government financial really collapse what will happen is the vicious cycle follow up :

1) cut social welfare, cut civil servants salaries, increase tax for all levels, cut medicial and education subsidies, increase huge tax for commerical organizations and in return lay offs follows later on...

So who will benefit ? Everyone AND All Level in HK has to suffer in certain extent ! Think about it before you want HK property price drop by 50%

 IF people memory is good, you may remember during 2003 in Tung Chee Wah's time,the following is the real that ever happened :  

 *HK government has cut the civil servants salary after market comparison and assesssment between private sector and government jobs nature, previously there is no such a study between private organization and governement organizations;

 * HK government at that time resume the investigation of Product Selling tax and would like to introduce this tax some experts in U (actually bookworms) at that time claimed the tax coverage in HK is too narrow that it could be balance the loss ;

* HK asked to cut certain % of funding to all the universities in HK, not sure if anyone remember;

 * HK government also cut social welfare to some levels ...

 From the top richest to the lowest class , everyone has to suffer ! if you remember, Mr Lee stock asset had signficantly dropped in SARS times, some of my friends' relatives who losed a leg and permanently can't work remembered the monthly disable subsidies has dropped 20% during the most difficult time.

Working class salary system cancel double pay and all turn to bonus base, I believe many companies had changed to this at that time.

 Lay offs had been heard every end of year where company will cut the 10% low performance head counts;

 The painful and sufferings from 97-03 has been a cycle of learing to HKSAR Government  

  Before you want HK property price to drop 50% :

Pls think who give you the following :

1) Everyone got 6 K cash in HK ;

2) 600HK$ travel subsidy for all low wages workers ;

3) 2.2K Fruit cash will likely give to every elderly;

4) KAi Tai with seaview Public housing or many new urban public housing  ;

5) Very low tax rates with a lot of allowance;

6) Social security and welfare to those poor.

All of these and many more is benefiting from the High Land Value policy in HK ! Who can decline this ? The salary tax is less than 1% of Government income while majority coming from Land , Why ? Think about it carefully.

 THose against the new development zone/New town scheme is actually the real enemy of HK total interests while Oil / Gold is making money, HK is actually touching stone as gold.

為南丫島海難祈禱...

繼菲律賓人質事件,南丫島海難是香港死得最多人的一宗災難事故.

發現:    16. 憑良心說話......原來香港也有:  憑良心說話......

有良心的人也應該放低自身利益，讚成及支持政府繼續打壓樓市，解決房屋問題。 ................

現在有極大的政治力量阻止政府開發新界北土地發展區..........是否他們更有良心...........

當一個城市因本身條件而令至地價及樓價高企是正常不過現實~如近至廣州/琛圳及東莞...廣州2-3萬一平方米/琛圳亦是~~~但反觀東莞只6千內,而彰木頭及淡水均於3千內一平方米.於共產國家內亦會產生樓價問題,試想像香港這自由經濟體當然不能避免....當日曾特首開晒聲叫大家去遠一點上車,如元朗區均是4k內,可惜大多數人過份輸打贏要.今曰龍門過萬,悔不當初....QE是一套很長的連續劇,當外圍經濟環境越差,QE開出力度越大.當然~樓價真的有點高,但建築成本是三千多一尺,地價四/五千.後面自己會計,唔好自己厄自己了.不然叫政府唔好賣地由政府起樓,全部共屋,但要記得共屋政府是每年要倒貼的,到時香港會點,大家好易明白.......不要用一己之私殺了香港為重.

近來真的改善了, 不會下下擦思歪鞋.

湯博士有返骨氣之後!