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Appreciate Views On Housing Matters

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  #11 (permalink)  
Old 13-08-2011, 01:16 PM
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Quote:
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I just book my EC last week, have look around for options in that price range but only available ones are suburban old condos / ECs.

Since I have not yet exercise my options, pls share which 5yr old condos is east coast condo is going at $700psf. The loss fm not exercising my option for the EC is minimal if i can get a penthouse condo at east coast for the same price!!
how much is the option fee? when is the latest you must decide? observe the stock market for the next few days and decide.

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Old 13-08-2011, 10:18 PM
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how much is the option fee? when is the latest you must decide? observe the stock market for the next few days and decide.
seriously dude? u'll decide home purchase based on few days of market movements? really? wow...



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Old 13-08-2011, 10:23 PM
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seriously dude? u'll decide home purchase based on few days of market movements? really? wow...
Isn't the stock market that spooked you in the first place? Otherwise why are you so worried about the purchase?

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Old 14-08-2011, 01:24 AM
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Isn't the stock market that spooked you in the first place? Otherwise why are you so worried about the purchase?
dude, u can refer back to the 1st page of this thread. thanks for spending time posting though
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Old 14-08-2011, 01:50 AM
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dude, u can refer back to the 1st page of this thread. thanks for spending time posting though
i read that. i had thought it's the stock market that got you thinking about all the "downside" that you mentioned. cos that's the only major difference between the time you paid for the option fee and the time you started this thread. if not for the stock crash, why all of the sudden you were considering all the "downside" risks? so you just suddenly regretted buying or what?

good luck to you anyway. i'm gonna buy when you enter negative equity.
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Old 14-08-2011, 04:56 PM
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If I read your original post correctly, here's what you have:

1. 800+K of mortgage debt (when TOP)
2. Expense of 1.7K a month on rent (now)
3. 156K invested in trust fund (now)

First, I would say that your mortgage debt is too high unless you are a high income earner or you will pay down even more before TOP. What's your debt to household income ratio?

Second, putting so much money in trust fund is, IMHO, not wise. You are giving your money to fund managers to play with, with no accountability or responsibility. Basically you have absolute no control over your money after you sign on the doted line.
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