No more free $$$…
Property game is over…
Can sleep well tonight
(28-07-2022, 07:35 AM)p1acebo Wrote: [ -> ]Can sleep well tonight
Every 6 weeks increase by 75basis points. By end of the year will be, 3*75=225
At least 4% by end of the year, Scary Sia!
Those fixed rate mortgage any risk of getting adjusted up prematurely? It's afterall contractual but dealing with bankers...
(28-07-2022, 07:42 AM)Sticw Wrote: [ -> ]Those fixed rate mortgage any risk of getting adjusted up prematurely? It's afterall contractual but dealing with bankers...
Got to read the fine print…Nothing is guarantee especially when you talk about investment.
Better check with the bank.
Bank is not stupid. They can do revaluation of your property. If the property price drops alot, then you will force to sign up another home loan.
The homeowners with fully-paid homes will be quite song. Or breathe a sigh of relief.
(28-07-2022, 07:47 AM)Levin Wrote: [ -> ]The homeowners with fully-paid homes will be quite song. Or breathe a sigh of relief.
Most foolish thing to do is to fully paid the housing loan. But now got to see, the trend really reverse.
(28-07-2022, 07:49 AM)RiseofAsia Wrote: [ -> ]Most foolish thing to do is to fully paid the housing loan.
Huh? After at most 30 years will be fully paid mah.
Current interest rate most still ok. Buy! Buy! Buy!
4. 5% interest rate then worry.
(28-07-2022, 08:02 AM)Sline Wrote: [ -> ]Current interest rate most still ok. Buy! Buy! Buy!
4. 5% interest rate then worry.
Sure boh? I guess it depends on location. But the average yield of residential properties should be below 4.5%. Unless one is hoping for appreciation?
(28-07-2022, 07:51 AM)Levin Wrote: [ -> ]Huh? After at most 30 years will be fully paid mah.
No intention to buy 2nd property previously when flood gate open wide wide by this team ?
Misleading headline. Not home owners but debt owners lah.
If you already paid up for your home, why would it affect you?
(28-07-2022, 08:08 AM)RiseofAsia Wrote: [ -> ]No intention to buy 2nd property previously when flood gate open wide wide by this team ?
?? Paiseh, don't understand.
Banks will not want to collapse due to their big property portfolio due to low fix interest rates. They will increase and replace the existing mortgage rates. For those renewing, good luck to them.
Australia and other countries have increased
their fix loan rates
(28-07-2022, 09:07 AM)Ola Wrote: [ -> ]Australia and other countries have increased
their fix loan rates
For US before this rate hike, mortgage rate already 4 to 5%.
Now comparing to before Lehman collapse. The property price has almost double.
Chao Ang moh has no much saving… Let see will they join China in property slump?
Any good and cheap tiao lau property?