Punggol East By-Election coming ? MP steps down
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JannettLee:
If you have so much excess cash and have to keep buying property as a form of investment, I think nobody can stop you. Just pay you due. However, it appears that you want to do this and also want to save on ABSD. Have the cake and eat it too? If all rich people behave like you, the only way the govt can do is to have high LTV ratio to deter people with barely enough cash to throw in all their money just for the down payment. What happen if interest rate go up? What happen if property market crashes? Please think of others. If you must buy and buy, invest and invest, just go ahead but please pay your due in the form of ABSD.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:
JannettLee, you are obviously a very savvy investor, and can weather any storm well.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.
However, what the govt is doing is to deter THOSE who are not from jumping into the fray if they are ill-equipped or not prepared in the event the bubble does burst suddenly..... and the bubble usually happen very fast. It could wipe out the poor chap, albeit his own greedy fault. -
Seldom has one poster united so many from across all creeds and political affiliations.
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Strparent:
Hence my retort to her comment about risk taking. I think she actually used the word 'sick'.......
JannettLee, you are obviously a very savvy investor, and can weather any storm well.JannettLee:
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.
However, what the govt is doing is to deter THOSE who are not from jumping into the fray if they are ill-equipped or not prepared in the event the bubble does burst suddenly..... and the bubble usually happen very fast. It could wipe out the poor chap, albeit his own greedy fault. -
3Boys:
I think she actually used the word 'sick'.......
my fren 3B,
ummm....sometimes when you are so stubbornly rebuting so eloquently when we are on opposite views hor......... in my mind..... i oso think u are sickening.... :evil: :evil:
joking joking my fren :imcool: -
Strparent:
:oops:3Boys:
I think she actually used the word 'sick'.......
my fren 3B,
ummm....sometimes when you are so stubbornly rebuting so eloquently when we are on opposite views hor......... in my mind..... i oso think u are sickening.... :evil: :evil:
joking joking my fren :imcool:
Call me sick is OK, saying Singaporeans are sick for not taking, -
pirate:
There were a heck of a lot of it in 2008-2009. And also in 1998-2000. There aren't any at the moment.JannettLee:
[quote=\"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.
You have seen a 30% correction before. Good for you. I have seen a 60% correction before. The banks were definitely calling for top-ups when it happened. It was not pretty.[/quote]I'm in this market long enough to see all kinds of problems and do not take hearsay for real. Those got calling was simply because they defaulted the loam payment. -
JannettLee:
I'm in this market long enough to see al kinds of problems and do not take hearsay for real. Those got calling was simply because they defaulted the loam payment.[/quote]When your outstanding loan is $2m and your property price has drop to $700k the bank won't be so happy just taking in your loan payment lar.
There were a heck of a lot of it in 2008-2009. And also in 1998-2000. There aren't any at the moment.pirate:
[quote=\"JannettLee\"]
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.
You have seen a 30% correction before. Good for you. I have seen a 60% correction before. The banks were definitely calling for top-ups when it happened. It was not pretty.
Even the bank's computer software will call you on behalf of the bank
Seriously, whether you like it or not (to know or not to know) that's the way how it is. -
If you are in this market long enough like you claimed, then this ABSD shouldn’t surprised you at all. Property investors, the real and savvy ones, have widely anticipated some “moves” would swing in anytime.
Those that left thronging the showrooms outside D9,10,11 are the very group that get caught off guard, which precisely the lousy gov you detest is trying to protect. -
This round of ABSD is “specially” for quenching the likes of $1700 psf condos in places like pair ris.