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by TylerE 2556 days ago
A somewhat ironic example given the subject at hand

https://www.propertyguru.com.sg/property-management-news/201...

"House prices in Singapore are considered “seriously unaffordable”, with a median multiple of 4.6, which means that the median house price is 4.6 times the city-state’s median household income, according to an annual survey."

1 comments

I was referring to the public housing, not the market housing. If you’re a citizen it’s not terribly difficult to get your own unit. https://en.wikipedia.org/wiki/Public_housing_in_Singapore

This is how you preserve existing communities--it should be harder to move into a city than to stay there.

Why should existing folks be given preferential access to urban job markets? No one born outside a city chose to be born there.
Because without community, what value do job markets have? Life is more than working until you die. Only the rich have the luxury of something more the way cities are headed. This is worth fighting for. If you don’t start with values, you have nothing.

Anyway it’s somewhat of a moot point because you can preserve communities and still build—just not with market-driven rents and landlord-owned cities. And not everyone can have what they want and live where they want. It’s worth it.