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At 29, Janice Lim is the proud homeowner of a quaint walk-up apartment in Joo Chiat

hbk75

Alfrescian
Loyal
If you wanna take a loan from bank, the bank need to check if you can service the loan based on your income. So at that time of applying the loan, her income meets the bank's criteria. Banks are not stupid.

Banks also checked the 26k sinkies whom borrow to buy condos. Now these fellow are deferring payments. Got income does not mean career will not be ended in an instant.
 

zhihau

Super Moderator
SuperMod
Asset
that's how the young want to be
they think that property prices will always go up and cover their interest accrued payments

That’s the exact wish of some of my kakis, I told them to think again carefully and asking them who will pay the price in future.
 

Hypocrite-The

Alfrescian
Loyal
What is the interest for home loans in singkieland? 1.25%? So a 1 million homeloan is 12.5k a year? So if she earns 4 k n she is smart she can put 2k in homeloan n pay offf the loan sooner. N of course dont have cars n live thriftly. N she can use cpf to increase payments?
 

Annunaki

Alfrescian
Loyal
2BC7F6C7-0A72-46E1-9609-21DC584375CC.jpeg
693DAB94-A65C-4074-96E9-30755155A710.gif
 

melzp

Alfrescian
Loyal
It is not how much you earn; but how much you spend n yr liabilities.
You don't own the house till u pay the last cent.

Who would want this Janice; debt laden baggage. ?
Can sleep soundly ?
 

KuanTi01

Alfrescian (Inf)
Asset
Thanks to the PAP in keeping home prices affordable, even young working adults can afford to buy their own homes instead of renting like in London, Tokyo and New York. Majulah PAP!

It helps if she also wears white like you and chant PAP slogans. :wink:
 

countryman

Alfrescian
Loyal
That is your own views and perceived limitation. Her ways in seeing that is different from you and maybe the sky is the limit for her.
You're not talking sensibly here, what we're saying here we are just voicing personal opinions n own life experiences.
Of coz this Janice can do what she wants, who gives a fxxk anyway! LOL
 

JohnTan

Alfrescian (InfP)
Generous Asset
It helps if she also wears white like you and chant PAP slogans. :wink:

Thanks to PAP, sinkies can afford their homes. We have the highest home ownership rates in the world. That's good enough reason to wear white and chant PAP slogans. Ask the people of HK, London, New York, Tokyo, Sydney how many of them own their homes.
 
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