From my personal point of view, no right no wrong I hope.
HDB was started as a rental housing for the people, most do not believe in owning including my last father. (My father rent the 3 room HDB until HDB force him to buy for SGD 6,600)
When it starts, HDB also intends to let the resident manage the estate but stop instead Town Council was formed.
LKY start to build the bigger unit for the people but as time past HDB start to build smaller unit instead. (BTO no more 5 room improve Model only 5 room HDB at 110 sqm.)
https://emrenoblog.wordpress.com/201...king-hdb-flat/
LKY believe in giving the people a piece of property they can defend and a way for the government to channel money to the people but over the years things change.
People used to be able to buy any size of HDB regardless of how little they earn but MSR stops the practice. (I bought my 4 room A model 105 sqm SGD 83,000 with whatever I have in my civil service CPF and also bought my 5 room I Model 126 sqm SGD 250,000 with no MSR)
CPF was enough for the people to retire but GFC opens the flood gate to money printing, those who miss the boat get to see their money buying less.(My father was able to buy a resale HDB for my grandmother to stay when he reach 55 years old but I was not able to buy for for him.)
People only get to see the 99 years leashold issue, they don't get to see what they lost over the years.
I can only say if you can buy and still thinking can wait may God Bless you and all the Best to you.