Below 30, but own multiple property
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So much for owning 2 properties with unknown value ...
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Is the Thread Starter with an Arab name is actually Lee Hsien Loong,becoz the TS sound like a Silver-spooned kid to me....
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Originally posted by drawer:
Is the Thread Starter with an Arab name is actually Lee Hsien Loong,becoz the TS sound like a Silver-spooned kid to me....
Its not Arab name.. Its actually "Lies" .. If he is Lee Hsien loong .. Seriously, i think we are screwed.
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Originally posted by drawer:
Is the Thread Starter with an Arab name is actually Lee Hsien Loong,becoz the TS sound like a Silver-spooned kid to me....
The TS can't be LHL. TS is not silver spooned - he is just jealous of other people's successes .
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Originally posted by fymk:
The TS can't be LHL. TS is not silver spooned - he is just jealous of other people's successes .
LOL...
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Originally posted by motoway:
.........
Being rich is not = splurging ur wealth on overpriced property. That is called stupidity.
If i buy a "cheap/undervalued" property, it is not a reflection of my wealth, it just reflect the mindset of a shrewd invester.
Please be clear.
Thats where you are wrong. Investing in property it is always about location and the reason why certain property commmand a higher price than the rest is not because it is overpriced, it is because there is a demand for such property and there is good rental returns.
Buying low doesnt mean it is cheap, because when you sell it will still be low.
For example, an apartment at Ardmore area was priced at around S$1500 psf before the recent property boom and it shot up as high as S$3,300 within 2 years. Do you get to see similar rise in cheap Mass market property?
Good guess, but wrong one.
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Originally posted by Midlusionz:
Its not Arab name.. Its actually "Lies" .. If he is Lee Hsien loong .. Seriously, i think we are screwed.
If he is LHL,we will get screwed for what?For stating the fact that he is a silver-spooned kid?:)
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Originally posted by fymk:
HAHAHAHA
LAS VEGAS STARTED FROM BEING SOMEWHERE IN A DESERT.
How many plot of desert land have you bought for yourself? -
Originally posted by £ Ĭ €Ú°:
How many plot of desert land have you bought for yourself?I didn't buy desert land. My point being ......if you can buy a desert, it is still a property.
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Originally posted by £ Ĭ €Ú°:
How many plot of desert land have you bought for yourself?
is there any relevance? -
Originally posted by drawer:
If he is LHL,we will get screwed for what?For stating the fact that he is a silver-spooned kid?:)
1. I didnt expect our LHL to actually talk rubbish here
2. If just sgforum-er alone can trash him here .. I dunno how he will lead sg
3. He actually need to convince ppl here that SG is the best place to live and die.
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Originally posted by fymk:
I didn't buy desert land. My point being ......if you can buy a desert, it is still a property.
Is buying desert land an investment options for australian now? -
Originally posted by fymk:
I didn't buy desert land. My point being ......if you can buy a desert, it is still a property.
I understand that many local actually going to Australia to buy property n is it the right time to go in? -
Originally posted by fymk:
I didn't buy desert land. My point being ......if you can buy a desert, it is still a property.
The sub prime crisis is actually the best time for local to buy property. -
Originally posted by £ Ĭ €Ú°:
Thats where you are wrong. Investing in property it is always about location and the reason why certain property commmand a higher price than the rest is not because it is overpriced, it is because there is a demand for such property and there is good rental returns.
Buying low doesnt mean it is cheap, because when you sell it will still be low.
For example, an apartment at Ardmore area was priced at around S$1500 psf before the recent property boom and it shot up as high as S$3,300 within 2 years. Do you get to see similar rise in cheap Mass market property?
Good guess, but wrong one.
Define Cheap Mass Market Property.
You want to see a rise in Australia? In Brisbane , about 3 years ago , a house costs around 100k-150k in the suburbs about 4km from the city centre. Now it has hit 400-500k range .
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Originally posted by will4:
I understand that many local actually going to Australia to buy property n is it the right time to go in?Yeap. Cheap bargains - buy from those foreign investors who have to sell because they cannot afford to fork out mortgage payments. The key is to tell them the price you want to pay with a take it or leave it attitude.
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Originally posted by £ Ĭ €Ú°:
Is buying desert land an investment options for australian now?Don't throw a red herring.
I am saying that it is easy to own multiple properties before you are 30 as long as you don't mind where it is.
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Originally posted by fymk:
Don't throw a red herring.
I am saying that it is easy to own multiple properties before you are 30 as long as you don't mind where it is.
I am saying that Singaporean can also buy land in Malaysia if size is important and australia is a big country but majority of the land is desert. -
Originally posted by £ Ĭ €Ú°:
Thats where you are wrong. Investing in property it is always about location and the reason why certain property commmand a higher price than the rest is not because it is overpriced, it is because there is a demand for such property and there is good rental returns.
Buying low doesnt mean it is cheap, because when you sell it will still be low.
For example, an apartment at Ardmore area was priced at around S$1500 psf before the recent property boom and it shot up as high as S$3,300 within 2 years. Do you get to see similar rise in cheap Mass market property?
Good guess, but wrong one.
I tink u are missing my point.
Overpriced does not mean expensive, it means priced above it's inherent value. I tink you have to be clear about that.
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I think £ Ĭ €Ú° has a disease called "the man with a hammer syndrome" described by Charlie Munger.
People behave irrationally when they have a couple models of how the world works, and then apply everything to that model. "To the man with a hammer, every problem looks like a nail."
£ Ĭ €Ú° thinks that everyone are losing money in properties due to the subprime issue.
An advice to £ Ĭ €Ú°:
Better to have lots of tools in the toolbox. If not, this leads to confirmation bias.
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It's not surprise to made such claim... I do have a friend who claim to earn half a million annually, at first we don't believe it but we follow him to purchase a new car in ubi one day catches us off selves.. He purchase one Lancer evo 8 $135,850 with ful payment.. From that day onward , my dream is to achieve his success... I now believe eveything is possible now... Btw i do have the saving who most people only achieve in their thirty...
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There are more than 3k youth having as much as 50k in their bank ? How to explain this ? I think owning property is as good as owning a car.. unless you pay for it fully or some form of trouble arouse in the future..
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Originally posted by soulwinner:
There are more than 3k youth having as much as 50k in their bank ? How to explain this ? I think owning property is as good as owning a car.. unless you pay for it fully or some form of trouble arouse in the future..
How can you compare a potential asset(house) vs a sure liability(car)?
Potential asset as in selling the house at a higher valuation or earning positive rental income after all monthly expenses. If not, your house will be a liability.
I have nothing to say if you are refering to a car rental company as an asset.
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Originally posted by soulwinner:
It's not surprise to made such claim... I do have a friend who claim to earn half a million annually, at first we don't believe it but we follow him to purchase a new car in ubi one day catches us off selves.. He purchase one Lancer evo 8 $135,850 with ful payment.. From that day onward , my dream is to achieve his success... I now believe eveything is possible now... Btw i do have the saving who most people only achieve in their thirty...
how much savings? and what's your age now? I vaguely remember you telling me around 100k after you graduate from uni right?me asking just for interest sake only... cuz quite a number of my friends at my age have very little savings; they spend really a lot on misc stuff (mp3 players, psp, etc), while I spend the most on food and transport only.
can pm me if you are willing to share and dun wan that troll to continue trolling around with your statistics...
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Originally posted by soulwinner:
There are more than 3k youth having as much as 50k in their bank ? How to explain this ? I think owning property is as good as owning a car.. unless you pay for it fully or some form of trouble arouse in the future..
More and more youths are starting to get interested in the area of investments (at least from what I see in SgF)... I regret not starting earlier