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1 in 3 home owners with outstanding mortgages affected by rising interest rates
sogo

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#1

22-10-2022, 12:39 PM
https://www.straitstimes.com/singapore/p...-alvin-tan
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RiseofAsia

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#2

22-10-2022, 01:13 PM
The night is still young.
5 Trillion printed USD. Only collected back 206 Billions. How much do you expect the rate to rise? 5%, 7% or 10% to tame the inflation monster.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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RiseofAsia

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#3

22-10-2022, 01:15 PM
https://wolfstreet.com/2022/10/06/feds-q...from-peak/
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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RiseofAsia

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#4

22-10-2022, 01:16 PM
Dont forget 5Trillion is the printed USD, you still havent factored in the leverage multiplier.

Once SGD started to depreciate more against USD, property speculators will also dump SG property.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
(This post was last modified: 22-10-2022, 01:26 PM by RiseofAsia.)
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Tangsen

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#5

22-10-2022, 01:16 PM
1 in 3 means 33.3333…. % home owner will kenna  Bigeyes
KTV妹妹说，香港人无义，台湾人无情，新加坂人无智 Big Grin
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Scythian

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#6

22-10-2022, 03:23 PM
(22-10-2022, 01:16 PM)Tangsen Wrote:  1 in 3 means 33.3333…. % home owner will kenna  Bigeyes

333,000 affected
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Scythian

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#7

22-10-2022, 06:37 PM
.
Ask CPF Board whether can do reverse mortgage for HDB?
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Scythian

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#8

22-10-2022, 06:50 PM
(22-10-2022, 12:39 PM)sogo Wrote:  https://www.straitstimes.com/singapore/p...-alvin-tan

1 in 3 commit suicide
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bobby

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#9

22-10-2022, 06:52 PM
(22-10-2022, 06:50 PM)Scythian Wrote:  1 in 3 commit suicide

[Image: nudie.gif]
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Ola

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#10

22-10-2022, 07:06 PM
(22-10-2022, 03:23 PM)Scythian Wrote:  333,000 affected

But 3 in 10 owns more than 1 house

So even if 1/3 lose their house, maybe only half affected

No big deal 

Nearly 3 in 10 Singaporeans own more than one house | Singapore Business Review (sbr.com.sg)
Why do we need 5 Mayors and 80 PAP Ministers? 
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sogo

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#11

22-10-2022, 07:34 PM
(22-10-2022, 01:16 PM)RiseofAsia Wrote:  Dont forget 5Trillion is the printed USD, you still havent factored  in the leverage multiplier.

Once SGD started to depreciate more against USD, property speculators will also dump SG property.



U never see pap dumping USD to save sgd meh?
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sogo

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#12

22-10-2022, 07:35 PM
(22-10-2022, 06:37 PM)Scythian Wrote:  .
Ask CPF Board whether can do reverse mortgage for HDB?



Why cpf 2.5%. knn eat ppl.
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Sticw

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#13

22-10-2022, 07:51 PM
It means 66% of properties owned by the rich that doesn't require any mortgage.
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