peter236

Disagree, for the most part.
有果必有因
After 97 there are actually lots of government policies tha ...
fibbi 發表於 2011-3-16 23:28

Just nonsense rubbish from you again. Please update your knowledge rather than embarrassing yourself here. If you don't know anything, just STFU la.
Some HK people actually asked for $10,000. The HK govt just complied.
Many HK people actually like the $6000 cash now, since if the government deposits the $6000 in MFP, many people were saying, they don't want to wait until 65 to use the money, what if the investment return is too low in the MFP over the next few decades.

Besides the $6000 cash, HK govt is also implementing tax refunds and reducing the property taxes.

八萬五 was a good policy at the time. How can you say it was bad, you piece of crap? Since the HK house prices was so high before 1997, the HK govt had to increase supply of housing units. But no one could have predicted the Asian financial crisis, which affected all of Asia. It was not HK govt's fault for falling house prices after 1997, it was because of Asian financial crisis. The 八萬五 was scrapped later, so there never was that much supply, so it was not the HK govt fault.

HK is low tax with no HST. Let me ask you, in Canada, what is the govt doing for you, nothing except high tax and HST. what is canada doing to relieve the difficulties of the Canadians?

peter236

回復  peter236


    八萬五係good policy？ 知唔知有幾多人負資產？
Reducing property tax does not br ...
fibbi 發表於 2011-3-17 09:41

There is little relation between 八萬五 and 負資產. In HK, only 3% of the mortgages were 負資產 back then, compared to 25% mortgages 負資產 in the US now.
負資產 was caused by British Hong Kong's bubble economy before 1997 and the Asian financial crisis.
八萬五 was scrapped and not implemented anyway.

Reducing property tax may not bring much help to lower class, that is why the govt gives $6000 to them, gives out tax rebates and reduce rents on public housing. But you object to $6000 wor. What's your suggestion then?

peter236

回復  peter236


    "There is little relation between 八萬五 and 負資產"???  

I"m not tal ...
fibbi 發表於 2011-3-17 10:50

Can you establish a relation between the 八萬五 and 負資產? Please do it, otherwise STFU.

負資產 was caused by British Hong Kong's bubble economy before 1997 and the Asian financial crisis. Housing prices was too high before 1997 and the effect from the  Asian financial crisis caused the fall of housing prices
八萬五 was scrapped and not implemented anyway. There never was 85000 supply on the market.

peter236

Moron, STFU and accept history as it is. It is a well-established fact that LMD's stupid 八萬五 pol ...
Lik 發表於 2011-3-17 11:04

You stupid moron, just eat you own radioactive sh*t,

Where is the proof here? No proof was given there, just empty talk and baseless claims.
Can you establish a relation between the 八萬五 and 負資產? Please do it, otherwise STFU.
Just give your financial model here, proving that there is a relation, otherwise just STFU la.

負資產 was caused by British Hong Kong's bubble economy before 1997 and the Asian financial crisis. Housing prices was too high before 1997 and the effect from the  Asian financial crisis caused the fall of housing prices in HK and many other Asian countries.
八萬五 was scrapped and not implemented anyway. There never was 85000 supply on the market.

Little Lik, your credibility has long been bankrupt. STFU and stop posting la. Your anti-China and Hong kong is well known here. Posting faked news is your habit.

peter236

負資產 was caused by British Hong Kong's bubble economy before 1997 and the Asian financial crisis. Housing prices was too high before 1997 and the effect from the  Asian financial crisis caused the fall of housing prices in HK and many other Asian countries.
八萬五 was scrapped and not implemented anyway. There never was 85000 supply on the market.