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13-08-2011, 10:35 PM
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Quote:
Originally Posted by Qaz
not so Wiseman1, ur arguments are all based on personal opinions while Alex sited facts.
While its true what goes up must come down, some times it doesnt come down enough.. especially with inflation.. the value of $$ is simply diminishing... singaporeans and ppl coming in to s'pore are generally more financial savvy now and know the pitfalls of keeping $$ in banks where its value is decreasing everyday.. so wat do they do with the $$, property & shares?! no? and in my opinion, there are more people who prefer brick & motar over paper..
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Qaz go read the facts by the guy that's negative on property in this thread https://forums.salary.sg/investments-...html#post15428
Hard to argue against...
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14-08-2011, 12:35 AM
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Senior Member
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Join Date: Jun 2009
Posts: 44
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Quote:
Originally Posted by Unregistered
Haha... in one thread you're worried about your EC purchase. And here in this thread you are a property bull. Be consistent!
Btw, with a strong singdollar, keeping cash is fine. Even in US where the usd is devaluing like crazy, Buffett and soros are keeping loads of cash.
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seeking opinions and advise is not being worried dude... and having a certain opinion does not mean u do things blindly without having a backup plan or counter measures if things dont turn out the way you anticipated.. try to open up your mind young man...
singdollar strong? so how does that benefit u unless u regularly buy stuffs fm US/on line shops? I dont see local prices drop because retailers are paying less for their supplies... the US strawberry at the supermarket still cost the same!!
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14-08-2011, 12:55 AM
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Quote:
Originally Posted by Qaz
seeking opinions and advise is not being worried dude... and having a certain opinion does not mean u do things blindly without having a backup plan or counter measures if things dont turn out the way you anticipated.. try to open up your mind young man...
singdollar strong? so how does that benefit u unless u regularly buy stuffs fm US/on line shops? I dont see local prices drop because retailers are paying less for their supplies... the US strawberry at the supermarket still cost the same!!
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singdollar strong means imported inflation will be less severe, and keeping cash is less risky. if you are bullish, you should go buy more properties lah. i'm keeping a lot of cash to whack stocks and properties. have already started nibbling at blue chips.
stop calling people young man. sounds like you think you are always right. then why ask people for advice?
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14-08-2011, 10:45 AM
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Obvious that Qaz is already a know-it-all and doesn't need any advice. He's been calling people "dude" and "young man". Good luck to this rude old man.
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14-08-2011, 11:13 AM
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Quote:
Originally Posted by Unregistered
Obvious that Qaz is already a know-it-all and doesn't need any advice. He's been calling people "dude" and "young man". Good luck to this rude old man.
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... and the most amusing thing is : he starts a thread to boast about his property acumen on the pretense of seeking advice, not realising that what he has been doing is explicitly illegal in singapore!! Unbelievable!
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14-08-2011, 11:49 AM
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Quote:
Originally Posted by Unregistered
... and the most amusing thing is : he starts a thread to boast about his property acumen on the pretense of seeking advice, not realising that what he has been doing is explicitly illegal in singapore!! Unbelievable!
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Haha hard to live that down! If I were he, I would post under a different name next time.
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14-08-2011, 12:40 PM
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Millionaire Member
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Join Date: Jul 2010
Posts: 49
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Quote:
Originally Posted by Qaz
not so Wiseman1, ur arguments are all based on personal opinions while Alex sited facts.
While its true what goes up must come down, some times it doesnt come down enough.. especially with inflation.. the value of $$ is simply diminishing... singaporeans and ppl coming in to s'pore are generally more financial savvy now and know the pitfalls of keeping $$ in banks where its value is decreasing everyday.. so wat do they do with the $$, property & shares?! no? and in my opinion, there are more people who prefer brick & motar over paper..
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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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19-08-2011, 11:11 AM
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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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19-08-2011, 11:30 AM
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Quote:
Originally Posted by Unregistered_Making sense
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?
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I don't agree with you, but I respect your opinion.
My only advice to you is to have sufficient emergency funds and don't over commit yourself. We all hope for the best, but we must also prepare for the worst.
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19-08-2011, 11:46 AM
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Thanks for the advice. Of course anyone whom are into investments, should have emergency funds. So long as one be prudent when times are bad. Also, for whatever investment, I always tell myself, "what if" this happen, that happens, can I still sustain the mortgage? Such big investment may not be for the faint hearted. Ha ha.
However, what's left from me will go to my family eventually, so long it is not "debt".
Some people just need the "motivation" to move on, for me, properties in Singapore is always a safe investment, looking at the size of our nation, what else do we have. To leverage, you need maximize your return, ultimately we all work for a better future. A person does not buy properties to live in, but to maximize his income and thereby getting passive income (rental) out of it. It is quite straight forward for my stand point. ha ha.
New home owner should go for brand new HDB (BTO) as a start, it will form bases for your future investment portfolio. Imagine how many percent your flat will worth after 10 years . Single should get themselves a small HDB flat or apartment, rather them renting a place.
Quote:
Originally Posted by Unregistered
I don't agree with you, but I respect your opinion.
My only advice to you is to have sufficient emergency funds and don't over commit yourself. We all hope for the best, but we must also prepare for the worst.
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