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Old 12th Apr 2011, 10:47
  #2443 (permalink)  
404 Titan
 
Join Date: May 2002
Location: Asia
Age: 56
Posts: 2,600
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Samwheel

The whole point is that the iCads aren’t on the same housing assistance as DESO’s employed in 2008 and prior. I have been very generous and assumed that the iCad will use his cash allowance to pay off a mortgage which in reality is very doubtful. If they use it to just pay rent then they may as well be flushing the HK$720,000.00 down the toilet as it is only going into someone elses pocket but they are paying the tax on it. So as you can see I have been very conservative with my figures.
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