alt Hacker News> virtually all Singaporeans believe they own their houses, and it is a point of pride and financial security. Most houses are on 99 year leases
It's not as if the US fairs any better. Here you never own your home, you have to pay property taxes your whole life (basically rent) or it will be taken from you. Eminent domain means that they can take your property from you at any time even if you've kept paying them.
Singapore has a home ownership rate of ~90% vs 65% in the US and prices are so unaffordable that on average people buying their first starter homes in the US are in their 40s! Most Americans, if they're lucky will get maybe get 30 years of their life in a home they own while they are still young and healthy enough to enjoy it.
Last I heard Singapore only had about 1,000 homeless. Whatever they're doing with housing could probably be improved on, but they seem to be doing a lot better than we are.
Property taxes also apply in Singapore and I believe in practice eminent domain is rarely exercised. But the home ownership rate is the thing I feel the most I should correct. It is very heavily pushed that Singaporeans own their homes. But legally they are renters. By a proper definition, probably something like 90% of Singaporeans are renters, not home owners.