Punggol East By-Election coming ? MP steps down
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3Boys:
She did say her children were already well set up and looked after.....
She thinks her children were already well set up and looked after. Of course, it's possible all her properties are already fully paid up. But I seriously doubt it given her obsession with the tightening of the LTV ratio. -
Safest way, don’t ever take up any mortgage from the bank! Theocratically.
So many people pok because of the over gearing! -
JannettLee:
What is your properties LTV like?By the way, I own many properties and for so many years even when at time the property prices drop by more than 30%, I have never for once been called up by any of the banks to top up my mortgage loan. So you see, the truth and the myth is so much different.
Harlequin:
JannetLee doesn't aware that the bank would call her to top up her mortgage loan margin if her property's price/valuation drop below her loan amount, lah.
Of course can loan, some countries can even loan up to 95%, that left bank with 5% buffer, property market crash or slide, bank will invite you go drink coffee already :evil:
Be patient with her, obviously she is quite fortunate in investing property.
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pirate:
Tio lah.3Boys:
She did say her children were already well set up and looked after.....
She thinks her children were already well set up and looked after. Of course, it's possible all her properties are already fully paid up. But I seriously doubt it given her obsession with the tightening of the LTV ratio. -
In the last financial crisis, I have a friend who owned close to double digit number of properties. Nearly half of the tenants pre-terminated their tenancy lease as they were either retrenched or posted back home. It was a short crisis that thankfully did not reach our shores and was generally painless for most.
Over the last few years, some of my friends were trading properties, buying properties like marketing - committing to 2 properties in 2 days after taking profit the day before. Why they are able to do this is because of leverage and the negligible interest costs. In the worst case scenerio, they just cut loss.
The current measures are necessary to bring sanity back to the market. Personally, I would have preferred if such decisive measures had been taken even earlier.
Even in the UK where property prices had increased substantially, there are also measures in place. In London, there are projects where there are buyers, no sellers and the owners are not even staying there. Holiday home. -
JannettLee:
If I am wrong about your intentions, then I apologise and I take back the comment. However, explain your comment about risk taking? Juxtaposed against everything else you have been posting here, a logical conclusion is that you are egging people on to take excessive risks with their finances. You keep going on and on about the $1m house example when numerous people here (both PAP and Oppo supporters) are united in their opinion that you are wrong!Can you please stop making such baseless accusations? I am totally disgusted with attitude of people like you, who will start to resort to making personal attack as though it is real and true. I really don't know what to say about such people like you....
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JannettLee:
Yes, you've got it, the truth and the myth is so much different!By the way, I own many properties and for so many years even when at time the property prices drop by more than 30%, I have never for once been called up by any of the banks to top up my mortgage loan. So you see, the truth and the myth is so much different.
Harlequin:
JannetLee doesn't aware that the bank would call her to top up her mortgage loan margin if her property's price/valuation drop below her loan amount, lah.
Of course can loan, some countries can even loan up to 95%, that left bank with 5% buffer, property market crash or slide, bank will invite you go drink coffee already :evil:
Be patient with her, obviously she is quite fortunate in investing property.
By the way, do you know how United Square ended up in Wee Chow Yau's hand? -
Harlequin:
Every weekend there are many properties being auctioned by the banks.
Next time, if you have such as good lobang, please IM me. If successful, I can even offer you good commission. I'm only interested in D1,9,10 &11. -
JannettLee:
If you are in fact invested in many properties, then all I can say is that you have an interest in keeping property prices high and rising, and will be averse to having any cooling measures as such. Hence, I can only say I take your view with a large pinch (more a truckload) of salt.Harlequin:
Every weekend there are many properties being auctioned by the banks.
Next time, if you have such as good lobang, please IM me. If successful, I can even offer you good commission. I'm only interested in D1,9,10 &11.
Actually, if you are a long term investor, you would be thankful to the garment for stabilizing the market. They did say these measures are temporary. If on the other hand, you are a highly leveaged speculator with a tranche of apartments you now cannot flip, then good luck!
Not saying you are, just speaking hypothetically. -
No need commision. The private bankers have such lobangs.
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