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![[Image: QWLq5en.png]](https://i.imgur.com/QWLq5en.png)
Above is 3 months SIDOR based on this we can see historic housing loan average is around 5%.
Today people are buying $1M property like it is nothing...but 1M is price of HDB ...condo is like $2M for a family size unit.
At 5% interests is $50K-75K a year depending on how much you borrow.
Don't you think rising rates has ab impact on housing price?
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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It will slow down the purchase of house
Less property speculation
Will make HDB KBKB
But the poor people have more rooms to rent out
Sack half the Mayors & PAP Ministers
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3% and property will kaput.
Prepare buy from loan delinquent
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"Honey, I shrink the kids" - shoebox size becomes mouse box size.
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dont buy physical properties if crash, buy property stocks instead. can cash out much faster!!
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Just email bank to pay off my car loan…
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