something for lionnoisy to chew on....

• AndrewPKYap

  18 Dec 07, 09:38

  Originally posted by fymk:

  ah but in Australia, your house and land lasts for 10 generations . If the government wishes to acquire it - they have to pay the going market rate.
  
  And a house in the outer suburb on a 240 sqm plot costs AUD $ 250k to 350K.
  
  See the big difference?
  
  Bombshelters - hello if u notice - if a 15 storey HDB flat collapses - the bomb shelter becomes a convenient mass grave if rescuers cannot reach u on time or if the bombshelter collapses in.

  ...it is so good to have someone on the ground reporting to counter the propaganda...
• lionnoisy

  19 Dec 07, 08:40

  
  1.
  

  Originally posted by fymk:
  .
  
  ah but in Australia, your house and land lasts for 10 generations . If the government wishes to acquire it - they have to pay the going market rate.
  
  And a house in the outer suburb on a 240 sqm plot costs AUD $ 250k to 350K. Now if you divide cost over 10 generations considering the interest rate - 350K becomes about 550k over a 10 year period and assuming you can pay it off - the value is 55k per generation always appreciate in value.
  

  .oh Dear.How can u expect a house can last for 10 generations?
  It is lucky if it is last for 40 years!!Even it is last for more than 40 years,
  the maintaining cost will be damn high!!
  
  So your assumption cant stand.
  
  The tenure of land is irrelevant.U need to rebuild.
  
  If u use maths to ''present value''or ''discount your future income'',
  u will know the income after 100 years is meaningless.
  
  So,even the house can last for 10 generations,in maths,
  it is as good as last for 100 years.
  
  2.

  If you buy a HDB for 350k and then with interest - maybe 420 k or so - divide it into 2 generations - 110k per generation.
  See the big difference?

  Excuse me.
  
  Pl do some home works and tell me here how many % of resale,which form more than
  95 % of HDB market,is more than S$350k?
  
  For new flat or flats in mature areas sold by HDB,it is very rare the prices
  above $350K.
  
  3.Interest rate is the most interesting thing
  
  Hello,what is your points?Irrelevant?Small matter?
  High pay in Oz can compensate the damn high mortgage rate
  of above 7 %(HDB rate is 2.6% and u can have two bites of cheery in
  life time)?
  
  Can u share with us any tax relief for high
  mortgage rate?
  
  Plus the income tax in OZ?Ya.U will tell me dunt forget
  the welfare u will receive.Oh.No free lunch,my grand mom told me
  long time ago...
• oxford mushroom

  20 Dec 07, 21:24

  Originally posted by maurizio13:

  Just as there are morons in this forum who "agrees with everything the P4P does".
  
  If the fundamental principle by which P4P govern is wrong, obviously all their policies are flawed from the beginning.

  haha...convince the majority that the ruling party is wrong and the imbecilic losers here are right in the next elections then