Letters | Hong Kong’s youth need a radical solution to their housing woes if the protests are to stop
Greed is consuming Hong Kong. The overwhelming share of the city’s wealth goes into the pockets of a minority of the population. Hongkongers are obsessed with money and money alone. Financial success polarises the city – it has been this way since the end of World War II.
For Hong Kong to have a future, young people must have hope
Livelihood is the issue, not the proposed extradition bill. It is too late for dialogue. Our city is too sick for cough medicine. It needs wide-spectrum antibiotics.
The cure: the top 10 property developers and the middle and upper-middle-class folks who have made bundles from real estate and a zillion other forms of the speculation Hong Kong is famous for collectively cough up HK$100 billion. The government matches the “New Hong Kong Endowment Fund” dollar for dollar. With HK$200 billion, it starts building subsidised flats and selling them to first-time young buyers at HK$8,000 per square foot or even HK$5,000 square foot, the cheaper the better. These flats must not be 150 sq ft pigsties, but 600 sq ft, decent-sized flats because we are not animals but human beings.
Philip S.K. Leung, Pok Fu Lam