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(01-04-2022, 01:57 PM)Ola Wrote: We have to know this stagflation will stay for years.
Worse, the Compass Framework may bring in 10% lesser FTs with additional 10% who are on cashback repayment scheme.
Risk will be higher if you want to buy a big HDB/ Condo unit to rent out.
(01-04-2022, 03:05 PM)5354 Wrote: A jobless PMET age 59 just bought a resale 5I HDB flat near Queenstown mrt for $880K last year with his Vietnamese wife has been working as cashier/waitress
This jobless PMET born poor like sgbuffett, came to Singapore by train to study Engineering in NTU in 1982 with nothing but a bag of clothes
Thank to PAP's public housing asset enhancement scheme, this jobless PMET has enjoyed FREE housing + net PROFITS since 1992
Please be grateful PAP has not only made public housing affordable to all hardworking citizens with jobs and CPF savings but also enhanced the value of their homes through subsidies, upgrading, grants and an immigration policy that enabled the value of homes to rise over the past 50 years
Thank you PAP, thank you HDB, thank you CPF
Me so happy now, enjoying a workfree life in a new resale HDB flat
(01-04-2022, 03:46 PM)5354 Wrote: An old 3rm HDB flat with less than 50 years remaining on the low floor cost between $250K to $280K in a mature estate
These flats are goldmines as they will be torn and rebuilt into high rise public housing like those in Tanglin Halt estate so sgbuffett must see his flat purchase as a surewin investment like his BABA shares
Let's assume sgbuffett found a 3rm HDB flat on the ground floor in the same block where his mother lived for $250K, how much cash he need to pay out as deposit to buy the flat and how much his monthly cash payment to service the loan for his HDB flat?
Answer - $2K cash to buy the flat, zero cash from his own pocket to service the mortgage loan because he got a job with CPF although his pay low, only $1,500 a month
Who here disagree with me that all sgbuffett need to buy a home is just $2K cash and his CPF will cover this monthly mortgage payments
Is $2K to own a flat in Singapore UNAFFORDABLE?
(01-04-2022, 03:39 PM)Ola Wrote: Jac Lau is living in his La-La- Land
At that time, people can work 3 jobs and earn higher salary than now
And the 80s, salary is only a small portion of the cost of HDB
Not so messed up like now
But Jac Lau being an idiot who never worked since 2004
He only can BS, Talk Cock and go round in circles.