Comments on: Two cities, one problem http://blogs.reuters.com/george-chen/2011/01/05/two-cities-one-problem/ Next stop? China Fri, 06 Jul 2012 10:45:14 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: FirstAdvisor http://blogs.reuters.com/george-chen/2011/01/05/two-cities-one-problem/#comment-82 Fri, 07 Jan 2011 08:27:25 +0000 http://blogs.reuters.com/george-chen/?p=457#comment-82 Once again, the news media fails in its responsibility and duty to the public by excluding from a report the difference between a market investor and a market speculator, or gambler. A real estate investor buys a property planning to hold that property for at least 20 years. Only a speculator or gambler buys a property with the intent of selling it within two years.

There is no similarity between the policies and laws any government imposes on investors, and the restrictions a government places on specuulators. They are two totally different sets of laws and regulations, created for two completely different groups of people, for two utterly different sets of reasons and requirements.

For the news media to equate investors and speculators, or gamblers, in the market, as if they were the same kind of people, is almost criminally irresponsible, so close to false news that it skirts the very cliff-edge of being legally actionable. It would only take one insulted investor who sued for libel and defamation, to start the snowball rolling down the mountain to wipe out the news media business sector around the world.

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By: billylo http://blogs.reuters.com/george-chen/2011/01/05/two-cities-one-problem/#comment-79 Wed, 05 Jan 2011 15:00:33 +0000 http://blogs.reuters.com/george-chen/?p=457#comment-79 It may be true that those policies imposed may apparently affect the so-called “free-market” of HK.

However, if the gov’t doesn’t do anything to support the poor in HK, those poor cannot maintain a necessary living standard and therefore i think the minimum-wage policy is necessary though it was still controversial.

Regarding the short-term stamp duty, emm…, i doubted it as well. It was basically copied from SG govt and try to curb the property price, but it may really give a bad image to investors.

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By: Pin-ee http://blogs.reuters.com/george-chen/2011/01/05/two-cities-one-problem/#comment-78 Wed, 05 Jan 2011 07:44:52 +0000 http://blogs.reuters.com/george-chen/?p=457#comment-78 Good article, thanks. I personally don’t think that HK will regress in terms of economic developments. Perhaps other areas, but not this.

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