First of all, I do know the difference between Singapore and the US. But my statement is true anyway. I wasn't drawing a direct equivalence of housing policy.
The person above pointed out that Singpore, is #1 on the "Index of Economic Freedom" and the rank high in other such indexes.
Housing policy in regards to ownership maybe a counterpoint to that, but we are not looking at individual policy but the at everything.
If you want to dispute the claim that Singpore is not 'free market' at all, then please direct me to an index with better methodology in that regard.
> Sure, from a financial perspective, particularly around mortgages.
That to, but that's not primary what I am talking about.
No I'm talking about zoning and many, many, many other types of regulation. Plus of course, tax code and many other things.
Typically new land for a city is rezoned, then a developer comes in, build there and often inherits the infrastructure to the city to maintain. Then the city collects some property tax from that.
That is different then the Singapore model but its also a gigantic intervention in pretty much every aspect of the housing market.
Not to mention the government hold many plots of lands that could be developed. The government owns quite a lot of land.
The direct ownership is only one aspect, what you can do is another.
And as I said, I'm not disputing that in such a ranking, their land and housing policy could be considered as a negative compared to the US.