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Those Sinkies who live in condo, I always say they are the foreigner living in Sg without getting any good goodies for this garment…
“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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(10-03-2023, 09:38 AM)RiseofAsia Wrote: I heard some never pay the condo maintenance fee.
They got to resort to applying court order to prevent condo owner selling the condo. Need to clear the fee first before selling the condo. ![Rotfl Rotfl](https://sgtalk.net/images/smilies/Animated/rotl_s.gif)
Rich ppl is rich mainly becos they are more stingy.
Once condo, need to do painting work, the condo owners will have their pockets burn big hole.
When buying a resale condo, always remember to buy their report to check about the defects. It will surprise you when they need to get more fund from you for more repair work need to be carried out.
Must check how much the sinking funds left regularly. Repainting, lift replacement, pool floor repairs, ... very expensive
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Since I am reaching my 60s and considered to be old man soon...I will tell the young people the exact method of getting rich like me. Using this method, my networth is well over $50million not including a GCB I managed to buy in the 2010s.
Case Study:
Man age 30 years old with monthly salary : $4500
Soon to be married with man fiancée age 28 years old salary : $4000
Just before marriage, each applied for a loan of 30 years principal $1million
Man buy one condo, woman buy one condo valued at $1million
Then go married after sales completion and stay with parents.
Collect rental of $4000 each to pay the $2500 monthly loan installment.
Get pregnant and give birth to 2 babies within 5 years.
Collect rental and save the remaining after deduction from installment and meanwhile wait for children to reach age 21.
By now, husband should be 51 and wife should be 49, the loan should be paid left around $400,000 for each condo.
But 2 condos should be worth at least double like $2million each.
Paid the loans to get back around $3million in total
Now, just this to buy one condo each for the adult kid and husband and wife buy another 2 condo.
Continue this for another 10 to 20 years and your networth will be at least $10million.
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I never bluff you..I have been there and tried this secret method myself though during my time has no cooling measures. But now using the above modified method , you can still break free from your poor class.
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Now I am in my 50s, I am telling my children, be ready to buy a condo once you find a good paying job as Papa will support you 50% of the funds, but 50% you have to borrow from the banks.
They ask me, why am I so sure the condo will pay for themselves but not HDB ?
I tell them, like I tell in this previous incarnation forum sgtalk 10 years ago....to buy any property in SG as a major long term bull market is here to stay.
Now I am telling them...do you see the rapid desperate rate HDB is building ? Do you know why ?
I know, I know because I am an insider.
The whole island of Singapore is going to be an advanced first world city. There will no longer be OCR, CCR, or RCR. This trend can be seen in OCR HDB like sengkang selling over a million. That is the hint of what is coming.
The whole planet will converge onto Singapore as USA started shfting its chip making from Taiwan not back to USA but to here Singapore.
dun believe me, just watch after next US Presidential Erection, what the President will say.
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My close MP friends always ask me, how come I so accurate and know much more than them ?
Well, because I am an insider that transient both worlds, SG and USA. I have some very good and powerful friends I made during my varsity years.
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some I played majong, some I played golf and some powerful friends I played Minecraft with them on the Internet. Such friendship will never be broken an they are the first to share the info with me, some even before PAP get to know.
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(10-03-2023, 08:30 AM)lvlrsSTI Wrote: No point to act smart and pretend you are rich if you can only affording living in a condo. Maids wash feet in the condo pools all the time and you can continue swimming there and paying expensive maintenance fees every year.
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(10-03-2023, 10:49 AM)*天哥* Wrote: some I played majong, some I played golf and some powerful friends I played Minecraft with them on the Internet. Such friendship will never be broken an they are the first to share the info with me, some even before PAP get to know.
my papa not rich to support me 50% of condo payment