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There is no simple solution that can minimize the impact without having a big hit ...
lo_pak 發表於 2011-7-16 11:24 
Yes, when the real state gets too hot and the housing prices become unaffordable, we blame the government. However, real state has always been an important foundation and cornerstone to establish the prosperity of Hong Kong. Why didn’t the HK people praise the government for that?
HK is a free economy market and running under capitalism. The capital and investment behaviours are driven by profit and opportunities. When those people demonstrate on street and demand the government to 打倒地產霸權, how many of them have a clear idea of what they are asking for and what kind of objectives they want to achieve? Sorry, I don’t think so. Just like our dearest idiot LIK here. He also has no clue of what he said and what he wanted to achieve.
Let’s ask these questions.
1) How many of these people did not have any investment in real state or relating business?
2) How many of them actually want to see the real state market gets cold and the value of their real states go down?
3) How many of them will believe their life and job securities won’t be affected if the real state market gets cold?
Does the HK government have the power to intervene the market and cool it down as demanded by those people? Yes, absolutely. However, what will the consequences be if the government did that?
First, where the free (hot) money will goes when the real state is no longer a viable market for investment? Most likely the easies choice will be the stock market. What can we expect? Bubble, of course. That will be a devastating situation.
Second, if the stock market crash, where will the money go? They will be likely pursuing other opportunities outside of HK.
The diminishing of HK as a world finance center will be roaming on the horizon.
It is always easy to say and hard to execute.
Will 普選 be a solution to this? Can you see how naive our dearest idiot LIK is?
In my opinion, the HK government needs to take its surplus reserve to invest in the development of new economy and redirect the capitals to invest in those new opportunities (Our idiot LIK also opposed to this idea and he would rather take the $6000). Unless alternative opportunities are available, I don’t think the HK government can do much. What they can do is just easing the anger of people by building the “public housing” again, BUT at a SLOW pace. |