What's being said on facebook.com/southchinamorningpost

PUBLISHED : Wednesday, 02 October, 2013, 12:00am
UPDATED : Wednesday, 02 October, 2013, 3:36am

On the HK government's announcement of a new poverty line for the city:

Patrick Shu Wing Lee - There have been more than 50,000 mainlanders entering Hong Kong every year since 1997 and settling here. Most of them are poor, so it is no surprise that the poverty problem has worsened rather than improved. The HK government must tackle the immediate problem first by putting a stop to the existing policy of allowing more and more mainlanders to come in freely.

Tat Tat - The new official poverty line is not reliable. The welfare NGOs and local universities can make a poverty line that is real, academic and scientific.

Lawrence Cheung - Sure, there are people sleeping in "Cardboard City". However, if your household already has heavily government-subsidised accommodation and you have a few thousand dollars of income a month, you may be in the bottom quartile but that's hardly "breadline".

 

On report saying property prices in HK must drop 22 per cent in the next three years to return to "normal" affordability levels:

Sienna Lai - More like 322 per cent. "Normal" is "within reach of the masses without assistance"… this is economics 101!

Misha Levin - It is useless to buy property in most places in the world now, but HK will remain most useless in this regard even if the prices fall by 22 per cent.

Keith McNab - Prices rise or fall, segments of the population will complain.

Wayne Tang - In the world of property value, what is normal? Who are the ordinary buyers? A normal and ordinary individual could be a multimillionaire nowadays.

Heidi So - My sister lives in a flat costing her a few million dollars. With the same money I have got a large house with large garden in Holland.

 

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