You know how thrilled I am about decreasing housing affordability here, so you can imagine what I think of this blog post from a Singaporean cheering the same problem there, and daring any politician to stand in its way:
Weighing in all the numbers and factors, objectively, the higher the property prices, the more people will be laughing their ways to the banks. And this will mean more votes in the general election for the ruling party. Thus the higher the prices go up, the better it is.
My retort at Melbourne Lefty. (Comments there.)