HDB loan defaults expected to rise

[lifeafter41]

Re: HDB loan defaults 8%. USA house defaults 5%. WE'RE DEAD!

But Ah Mah is merrying with Hsien loong that HDB price is going strong.

With default going at 8%, not sure if hdb price could hold.

 

[chinkangkor]

What takes 5 to 10 years previously to repay is now to 25 to 30 years. Affordability is still there but the duration has lengthened considerably, almost a person entire working career, provided, the boom bust cycle do not get to him/her first.

As for taking care of family, cpf for retirement, etc, that is another discussion for another day.

The HDB flat is not affordable anymore if your CPF is left with nothing when you retire and you are not able to build up your saving from your disposable income because you need to bring up your children and maintain your parents.

The current strategy of a huge influx of PRs to chase up HDB prices is simply not sustainable.

 

[ArtBoon]

if cheap, buy.
if expensive, don't buy.

 

[lifeafter41]

The HDB flat is not affordable anymore if your CPF is left with nothing when you retire and you are not able to build up your saving from your disposable income because you need to bring up your children and maintain your parents.

The current strategy of a huge influx of PRs to chase up HDB prices is simply not sustainable.

That, is not HDB nor CPF problem, it is your problem.

They, HDB already got some of your money, for the 99 years, or much less if bought resale, for example in Marine Parade area, they, HDB/Banks, got some of your money too, in terms of interst paid for the last 25 years.

As for brining up children and maintain your parents, they are your children, they are your parents, not mine, that is YOUR problem, you die your own business.