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OpinionLetters

Letters to the Editor, October 17, 2012

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Melting Arctic ice will affect the whole planet. Photo: AP
Letters

There seems to be no end in sight to the rise in property prices in Hong Kong.

Even a 500 sq ft flat somewhere like Kwun Tong is beyond the budget of many Hong Kong citizens.

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People are encouraged to work within the rules of society, to study hard at school, get a university degree, find a job and eventually buy a flat. But that last goal is so difficult to achieve, especially for those who are having to repay a bank loan they were given to complete their university studies.

It is astonishing to see the rising number of young people between 18 and 25 who are applying for a flat on a public housing estate. Should we be blaming them for trying to exploit government resources?

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With the rapid pace of economic development in the city, the rich are becoming more wealthy and people in poverty are becoming worse off.

We are all suffering from the effects of inflation, as we see the prices of basic commodities continuing to increase. Also, the hourly minimum wage rate remains fixed at HK$28.

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