One popular idea gaining traction is that Singapore's HDB policy stifles innovation and risk-taking, which has been shared by some real-estate gurus or famous Millennial voices like The Woke Salaryman.
The central idea is quite persuasive.
As a generation of young Singaporeans gets tied down by expensive mortgages, Singaporeans begin to make career choices that are more predictable and secure, and this often precludes options that involve creative pursuits and entrepreneurial risk-taking.
I have argued in the past that home ownership creates positive externalities, and I would not want to live in a neighbourhood where folks rent their property because there is less incentive to look after the area.
I will try to unpack this argument further and talk about this ephemeral concept of innovation and why we are not thinking as critically when we
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