SG Talk

Highly leverage owners ….  here is the hotline …. 

https://www.sos.org.sg

Don't affect those REAL RICH rah. As money is not an issue.

Is affect those " don't have a Big head try to wear a big hat groups "

bonus " retrenchment surely more to come since going to year end.

Those rich people who bought prior to Fed rates hike

like some last year already paid full in cash

no mortgage at all

Heard today is their last day for the rate. Don't know true a not. One person said got 5 years one.

Better raise to 6% same as US rate….
Then this will make Sg property back to affordable price. No more cheap loan for the rich.

Cheap loan is a suicidal move.
It will make rich become richer, poor become poorer.

DBS not interested in FD account.

(23-09-2022, 03:36 PM)dynamite Wrote: [ -> ]DBS not interested in FD account.

Only selected group of ppl get special rate lah.
You got received the email?

(23-09-2022, 03:38 PM)RiseofAsia Wrote: [ -> ]Only selected group of ppl get special rate lah.
You got received the email?

UOB gives 2.6% before the recent announcement of 3/4 percent rate hike. Will the local banks give higher than 2.6% few weeks later?

Those who take loan at the time when they encourage you to take because of low interest rates might be stuck. If the renewal is up now, the interest rates will jump.

(23-09-2022, 03:30 PM)RiseofAsia Wrote: [ -> ]Better raise to 6% same as US rate….
Then this will make Sg property back to affordable price. No more cheap loan for the rich.

Cheap loan is a suicidal move.
It will make rich become richer, poor become poorer.

Cannot use one bamboo sweep all mah.

Cheap loans ish still good for low SES and peasant kia that just want a HDB's root over head for 99yrs rather than a quick get lich scheme.

This start to become a problem after our higher mortals want to use HDB to help sinkie become millionaires, then HDB cost also start to skyrocketing which mean bigger loan sinkie would have to take up to pay for their flat and thus becoming more vulnerable to such rate adjustment. If not last time most sinkie seldom got such problem and woes over interest rate one. In those dazes even those few low SES type that can't pay their already low HDB loan ish can go see MP and get to delay their payment by few more months and even a year also have. 

Beside there ish also a salary requirement too for people to choose HDB loan over bank loan so not say ish really a choice for many. Last time ish below 3K, only few years ago then they adjust this up to <5K but still very young sinkie couple ish cannot qualify and die die make to take bank loan even if their intension ish not want to pray properties.

Should rise to 8% for PRs because they must pay back with gratitude

While Born- citizens is 5%.

Next few years better not walk below any tall buildings

(23-09-2022, 03:38 PM)RiseofAsia Wrote: [ -> ]Only selected group of ppl get special rate lah.
You got received the email?

Probably need to go down and see the RM for one hour lecture first.

SGD on tightening mode

it is property buyer fault to go for fixed rate never our fault

(23-09-2022, 10:10 PM)Tangsen Wrote: [ -> ]Next few years better not walk below any tall buildings