Story of why we are now in the shit we are in. (Credit Crunc
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To people like poh ah pak , refer to my thread about national assets. This is how evil forces can manipulate and get everyone in trouble
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The moral of the story is, (click to link)
Property Prices Rise at our expense - By Andrew PK Yap 2006-05-09
and the despots keep pushing it up because it benefits the rich and their cronies and we are seeing how bad the consequences of rising property prices can be, now, in America.
The problem is, nobody listens until it is too late.
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Originally posted by SPLIT SECOND:
To people like poh ah pak , refer to my thread about national assets. This is how evil forces can manipulate and get everyone in trouble
you said: "This is how evil forces can manipulate and get everyone in trouble"
..and if by "evil forces" you mean the asspots, hahaha....
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high property price are not sustainable if the salary of the workers and economy do not grow in tandem.
i worry about the state of the private property prices in singapore.
Singapore will feel the impact of it from th e 1st Qtr of 2009.
where the europe, Japan, and US fall into recession.
with China already taking steps to prevent the economy from slowing further, singapore could in fact be in a technical recession very very soon.
those who had bought private property at high prices, i wish that your company can continue to pay your current salaryand bonuses.
Just be very very careful!!
the PAP will not state the the possible dire situation of singapore economy.because it willcreate panick in the system, as ppl will stop buying houses, cars, taking less loans, which will speed up the process of singapore falling into the full recession.
just my personal opinion.
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Originally posted by reyes:
high property price are not sustainable if the salary of the workers and economy do not grow in tandem.
i worry about the state of the private property prices in singapore.
Singapore will feel the impact of it from th e 1st Qtr of 2009.
where the europe, Japan, and US fall into recession.
with China already taking steps to prevent the economy from slowing further, singapore could in fact be in a technical recession very very soon.
those who had bought private property at high prices, i wish that your company can continue to pay your current salaryand bonuses.
Just be very very careful!!
the PAP will not state the the possible dire situation of singapore economy.because it willcreate panick in the system, as ppl will stop buying houses, cars, taking less loans, which will speed up the process of singapore falling into the full recession.
just my personal opinion.
yup.. when people trying to save money, during this period of time. its totally wrong..
Yes you must have back up.. btu you need to spent..
No spent = money with you
Company earn = nothing
nothing = Company fall
Company fall = bank siao liao
Bank siao liao = no money
So to spent or not its up to you..
When ue arning 5k amonth and spending only 500? thats damn wrong! -
But is paying bills and rent and other expenses part of spending? The US government gave each American $300 to spend to stmulate the economy and guess where all that money went. That's right, their morgage, credit card bill, bills and other expenses.
Who dares to spend money?
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Originally posted by reyes:
high property price are not sustainable if the salary of the workers and economy do not grow in tandem.
i worry about the state of the private property prices in singapore.
Singapore will feel the impact of it from th e 1st Qtr of 2009.
where the europe, Japan, and US fall into recession.
with China already taking steps to prevent the economy from slowing further, singapore could in fact be in a technical recession very very soon.
those who had bought private property at high prices, i wish that your company can continue to pay your current salaryand bonuses.
Just be very very careful!!
the PAP will not state the the possible dire situation of singapore economy.because it willcreate panick in the system, as ppl will stop buying houses, cars, taking less loans, which will speed up the process of singapore falling into the full recession.
just my personal opinion.
Dear Fuller,Private property in Singapore are not mend for singaporeans, so dun worry, Singapore govt build private luxury houses eg in sentosa, ,kallang are mostly mend for rich millionaires n billionaires like the ARabs, movie stars and high elites from other countries to purchase.
Sentosa currently building of luxury houses with yacht are fully booked, then our govt will tax all these rich people high high..and plough back into our progressive package. Yeah! Hike!!! PAP.
Angel
Waffen SS
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Originally posted by SPLIT SECOND:
To people like poh ah pak , refer to my thread about national assets. This is how evil forces can manipulate and get everyone in trouble
in short, the subprime americans get to live off the rest of the world and buy property! -
why monetary insititutions lose money and bring about collapse is due to one reason: failure to see the bigger picture other than the big picture within their business.
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Originally posted by foxwalk:
in short, the subprime americans get to live off the rest of the world and buy property!Not really, in fact a lot of them are victims themselves.
The mess is actually caused by highly paid but never satisfied bankers who chopped up those mortgages and sell them as investments as their compensations are based on short term performance of their banks.
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Dear Fuller,
Private property in Singapore are not mend for singaporeans, so dun worry, Singapore govt build private luxury houses eg in sentosa, ,kallang are mostly mend for rich millionaires n billionaires like the ARabs, movie stars and high elites from other countries to purchase.
Sentosa currently building of luxury houses with yacht are fully booked, then our govt will tax all these rich people high high..and plough back into our progressive package. Yeah! Hike!!! PAP.
firstly, private property are not meant for only foreigners.
secondly, luxury property in singapore are already falling by 10-20% from their peak dispite own by the billiionaire or whatever. but the mid tier and lower tier of it remain relatively bouyant.
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Not really, in fact a lot of them are victims themselves.
The mess is actually caused by highly paid but never satisfied bankers who chopped up those mortgages and sell them as investments as their compensations are based on short term performance of their banks.
the mess are in fact the de-regulation of the laws done during the clinton adminstration tat basically spilt between investment bank and normal bank. as such there is nothing much the treasury or feds can do to regulate or control the investment such as capital debt ratio.
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how many financial institutions down already?
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Imagine a HDB flat selling for $645K....4 room and 5 room goving for >$400 and >$500k....all the work og gahmentr pushing up the assets whne our pay increases does not match and with so many PRS and new citizens snapping up HDB....very soon many can't even afford HDB...
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Imagine a HDB flat selling for $645K….4 room and 5 room goving for >$400 and >$500k….all the work og gahmentr pushing up the assets whne our pay increases does not match and with so many PRS and new citizens snapping up HDB….very soon many can’t even afford HDB…
i dont understand why ppl would want to pay $645k for a HDB in downtown.
it wouldnt make any financial cents at all. Do all singaporeans taking low interest at singapore for granted? anybody ever consider what would happen if u take a private loan from banks and they increase the interest rate to 4%? bear in mind 4% interest rate is not uncommon in the world?
just be very prudent with your own money. IR, F1 will not save you but the govt only. coz neither thr F1 and IR have a direct benefits for average singaporeans.
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Safe to say, you don't really "Own" your hdb flat when you buy it. Its more like a long term interest free rent when you pay it off.
Flip side of the coin, our HDB loans won't ever go sub-prime cos their values are "managed". I doubt the construction cost of HDB flats cost that much, but if you think of it as a "rental", its not THAT bad. Sell off still got a decent value.
I'm not too sure of the above, but someone correct me if I missed the mark from what I've observed.
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Originally posted by SPLIT SECOND:
To people like poh ah pak , refer to my thread about national assets. This is how evil forces can manipulate and get everyone in trouble
a few spelling errors, i.e. panicing should be panicking, foclosure should be foreclosure
Change it leh... then I print out keep :D
The real reason for the current crisis: THE GREED OF MAN
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Its not greed of MAN. Its greed of already very rich men.
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Originally posted by eagle:
The real reason for the current crisis: THE GREED OF MAN
Ding hai again?
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Originally posted by reyes:
i dont understand why ppl would want to pay $645k for a HDB in downtown.
it wouldnt make any financial cents at all. Do all singaporeans taking low interest at singapore for granted? anybody ever consider what would happen if u take a private loan from banks and they increase the interest rate to 4%? bear in mind 4% interest rate is not uncommon in the world?
just be very prudent with your own money. IR, F1 will not save you but the govt only. coz neither thr F1 and IR have a direct benefits for average singaporeans.
Dear Fuller,
If peoples got money, why you care so much about how they want to spend it, we just stay in our fullerbunker, more safe and sound.
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If peoples got money, why you care so much about how they want to spend it, we just stay in our fullerbunker, more safe and sound.
i try to apply HDB to allow me built bunker. but they dont approve it, coz they say waste of land.
im not against anyone who want to purchase an over inflated HDB apartments, but seeing someone potentially got burned is regretted.