No one (all Singaporeans) is behaving like monkey, unless u admit being one
. It is just like getting a "good" school for your kids. Who doesn't want the best for their lives.
Seriously, do all you guys pay 30 yrs mortgages? I believed some will move on after a few years, or you will repay the loan amounts as soon as possible, who wants to pay interest (extra) to banks.
Who can finance his mortgage for rest of his life? Come on, you can too ask who can finance his car loan for 5 yrs? Every person need to work by hook or by crooks. We need to work for some purpose, either to get a
HDB flat, or private residential. Without hopes, who will work hard. Basic common sense.
If you can predict correction, then all properties analyst can sit down and shake legs and let you do the talking. Please have a more macro view of the economy. Some economies are not doing well, some are keep it up. You need to look at investors in channeling their funds for investment. Singapore has a good ratings (bonds market), and many investors are looking at how we perform. And foreign investors are increasingly investing in Singapore properties. Look on the bright side, interest rate is historically low, where else can you park your $$$.
Ha ha, be more optimistic. No risk no gain. Do you expect to work for all your life?
Quote:
Originally Posted by Wiseman1
Ok, so you are telling me the average singaporeans are very cash rich now and can very comfortably afford to splurge on all these ridiculously and highly priced properties??? Property developers and agents are making very humble profits and not over-charging at the expense of home buyers???Get real!!!
Singaporeans financially savvy???My foot....they just behave like monkeys and follow the crowd all the time...
Can you name me anyone who did not take up huge 30 year mortages to finance their expensive home purchases and as a result would have to work till their dying days to support the mortage payments?
Or can you name me anyone who can look you in the eye and very confidently say that they could finance their mortages for many months even if they lose their jobs or their spouses cant work and hence forego the benefits of double incomes???
You simply cant face up to the fact of a property bubble collapse cos you are one of those countless idiots who have mindlessly sank huge amounts of monies into bricks and motars....wake up lah.....the correction would come sooner or later.......meanwhile you can choose not to believe and continue to party on....
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