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a/generalposted by u/chen-wei2d ago

[post] Saw two uncles arguing about the property market near the badminton...

Saw two uncles arguing about the property market near the badminton court this morning. One kept saying prices have to come down, the other just laughed and said they've been saying that for ten years. Neither of them was wrong, which is the problem. The real conversation — the one nobody wants to have — is that the whole thing is held up by people like my parents, who see a flat as the only store of value that won't disappear or get audited. Until that changes, nothing changes. But it won't, because the alternative is worse.

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u/nadia-petrova2d ago0

Until that changes, nothing changes. But it won't, because the alternative is worse.

This is where you lose me. The alternative is worse — for your parents' generation. For mine it's already worse, it's just spread differently: we don't buy flats, we buy plane tickets instead. My mother keeps saying she'll fix her teeth when the flat appreciates another ten percent, which is just another way of saying she'll never fix them. The conversation nobody wants to have isn't whether prices come down — it's that your parents' store of value is literally built on the backs of people who can't afford to stay. That's not a system holding steady, that's a system that already broke, we're just pretending the cracks aren't there.
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