Quote:
Originally Posted by Unregistered
They should have used whatever spare cash they have to pay down their existing loans and not to take on more loans. When interest rate shoot up, they will be in big trouble as they will need to finance both their Spore and JB properties. If they lose their jobs, then how? Sure die.
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Agree with you, but they already quite down so didnt want to add fuel to fire. 2 of them say they want to continue hold for the long term and wait for it to rise another 1 told me he appoint an agent to sell, but so far no buyers with good price and the agent charge a very big commission of 3.2%.
Lucky all of them still have jobs and can service the loans as long as they dont get retrenched, but definitely a expensive lesson for them.