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Why many Sinkies will die if interest rate goes up....
- Thread starter BuiKia
- Start date
erection2015
Alfrescian (InfP) + C
reported here and then followed by the usual ''guess the race '' questions.
Also higher will be the crime rate.
Should be you borrow zero, so you have zero problem if interest rate go up lah...................
I see...you are an unlicenced moneylender!
Certificate of Entitlement prices for Category 'A' cars hit $73,100 in the latest round of bidding, up from $69,903 two weeks ago. According to The Straits Times, this is the second highest level since car-cooling measures announced in February. Premiums for Cat 'B' cars closed at $77,110. This is a decrease from the previous round's $81,751. Open category COE prices fell from $83,001 to $77,000, while commercial vehicle COE rose to $61,011 from $59,001.
- See more at: http://ride.asiaone.com/news/general/story/car-coe-prices-remain-high#sthash.MZebppN6.dpuf
Who engineers the meteoric rise in the property market?
My thoughts exactly. Up your points.
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singveld outed as a ah long runner... actually if the borrrowers go burst, the lenders/banks will also fuck themselves leh. so better not borrow or lend , except borrow/lend to yourself like gahmen...
That's why Germany die die wants to keep the Euro. Germany has one of the lowest home ownership in the world. Why? Because house ownership is out of reach for most Germans. Government keep wages down so that they can export to the rest of the world. When that was not enough ...they pushed for Euro so that the Germans can sell to the rest of Europe as well as prevent the southern European countries from competing against them with lower cost via currency.
Don't think you get it as you are a fake German.
Ideal way is to minimise the loan quantum and loan period so that you can save on the interest payments. But with BTOs going for 300K+ for a 4bedder, most people can only afford it by maximizing both the loan amount and loan repayment period.
This is 'affordabilty' as define by men-in-white.
This is 'affordabilty' as define by men-in-white.
In my workplace, many sinkie old ladies still planning to buy condo as 2nd property now
They used to change cars too but I think with the new measures harder to achieve this year.
Courts' immediateLy comes to my mind..
I used to work at a place where the Malaysian chinese office boy owned 2 condo's in Malaysia. In Spore he would go around in his scooter doing errands & you would often see him taking it easy between his errands reading the papers
Back then he would have been paid from SIN$1,000 to 2,000 in Sing$. In Malaysia that would be considered a very decent middle class salary. Many Sporeans wouldn't want his job as an office boy but for a Malaysian it was more than enough to buy a few condos
These office boys also save on rent by sharing terrace houses with fellow Malaysians in JB. It also gives them the opportunity to smuggle cigarettes (which are taxed at a lower rate in Mudland) in their scooter or motorbike compartment during their daily commute. Then they sell these cigarettes at a profit to desperate Sinkie chimneys.
Those who purchased
their high -priced HDB flats or Private properties
will default on their monthly mortgage payments to
HDB or Commercial Banks.
The HDB or Commercial Banks will foreclose or repossess
The HDB flats or private properties at a lower than market
Prices.
their high -priced HDB flats or Private properties
will default on their monthly mortgage payments to
HDB or Commercial Banks.
The HDB or Commercial Banks will foreclose or repossess
The HDB flats or private properties at a lower than market
Prices.
I expect a lot of future standoffs between mortgage defaulters and the police.
Also akan datang: base jumping from the top of HDB flats, without a parachute.
I expect a lot of future standoffs between mortgage defaulters and the police.
Also akan datang: base jumping from the top of HDB flats, without a parachute.
jump from MBS? sure front page. hdb too common liao, newspaper also dun want report.
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