At 29, Janice Lim is the proud homeowner of a quaint walk-up apartment in Joo Chiat

[Asterix]

29 year old taking a huge loan ( to you) is not ordinary. So if you see it with an ordinary eyes, presumption is always wrong and no point for further discussion as it is on the wrong side of the road.

I am just pointing out that ordinary people using their ordinary eyes can't see past their ordinary view and assume anything that is not within ordinary view, is ready for an overwheming disaster and extraordinary drama which is so unnecessary.

29 year old taking a huge loan is neither ordinary nor extra-ordinary to me. It is no big deal at all, I have done it before. That little girl put in 25% deposit for her million dollar property, while I only put in a teenie mini 5% deposit for mine. Bestest still, I made the decision in a matter of days without even seeing the physical property, which is absolutely unnecessary. All I need to know is whether the price is more likely to go up or down in a few years time. See the property for fuck? And I made 26 times my initial investment on this deal - only took 7 years from buy to sell and yes loan term was 30 years, which means nothing since I always knew that I will flip it.

If only you knew how to read English and don't let your own insecurities and inferiority complex make you jump to baseless conclusions. You may brush up your English and read again …

TDSR for private property is set at 60% of gross monthly income.

Monthly repayment of $2,700 means her gross monthly income is at least $4,500, assuming she has no other debts.

https://blog.moneysmart.sg/home-loans/total-debt-servicing-ratio-tdsr-loans/

Things that can go wrong:

- 1.4% is only for 2 years, after which it floats with the prevailing rate which may go higher, leading to larger monthly repayments

- may lose job and then how to make the monthly repayments

Flaws in conventional thinking:

- 30 year loan doesn’t mean have to make monthly repayments for 30 years

- can sell and redeem mortgage from sale proceeds, check loan terms to see what’s the penalty if any for early redemption, usually there is a lock in period eg if redeem after two years no penalty

- if price goes up means make money after redemption, if price goes down means lose money or no money or worse still owe money after redemption

Buying real estate is both a business and personal life decision. Nothing more nothing less.

But alas, you have all the hallmarks of a typical useless insecure Stinky Sinkie.

You are welcome to FUCK OFF

 

[countryman]

29 year old taking a huge loan ( to you) is not ordinary. So if you see it with an ordinary eyes, presumption is always wrong and no point for further discussion as it is on the wrong side of the road.

I am just pointing out that ordinary people using their ordinary eyes can't see past their ordinary view and assume anything that is not within ordinary view, is ready for an overwheming disaster and extraordinary drama which is so unnecessary.

This is a discussion here, u can have your views so as others..Do not thumb people's view down just because u think u are right...
From what that's being stated in the article, it's quite obvious she's from a middle class family.
Ultimately everyone is entitled to his own opinion, no right or wrong here.

 

[countryman]

If you are ordinary, it does not mean she is also ordinary. She might be at Trump's SES level.

I don't think u understand the whole story about her in the article? Obviously she's middle class n she needed some help from her parents for the 20% downpayment. If she's from a rich family, I doubt ST would even bother to write an article about her property purchased.

 

[tobelightlight]

29 year old taking a huge loan is neither ordinary nor extra-ordinary to me. It is no big deal at all, I have done it before. That little girl put in 25% deposit for her million dollar property, while I only put in a teenie mini 5% deposit for mine. Bestest still, I made the decision in a matter of days without even seeing the physical property, which is absolutely unnecessary. All I need to know is whether the price is more likely to go up or down in a few years time. See the property for fuck? And I made 26 times my initial investment on this deal - only took 7 years from buy to sell and yes loan term was 30 years, which means nothing since I always knew that I will flip it.

If only you knew how to read English and don't let your own insecurities and inferiority complex make you jump to baseless conclusions. You may brush up your English and read again …



But alas, you have all the hallmarks of a typical useless insecure Stinky Sinkie.

You are welcome to FUCK OFF

Why are you sharing how you buy property and invest? It is not about u and I don't care about that. It is about the girl. The only thing I mention about u is the view point u have on the girl.
How u buy property and how u invest is non of my business.

Moreover, the post that u had quoted, I didn't read at all as I didn't even reply from that post.

Why are you showing me post that I never refer to and why are you telling me how u invest? Nobody cares about that other than your viewpoint on the girl and they way she is making a living.

 

[tobelightlight]

I don't think u understand the whole story about her in the article? Obviously she's middle class n she needed some help from her parents for the 20% downpayment. If she's from a rich family, I doubt ST would even bother to write an article about her property purchased.

The post didn't mention anything about needing help from parent at all.

 

[Asterix]

Why are you sharing how you buy property and invest? It is not about u and I don't care about that. It is about the girl. The only thing I mention about u is the view point u have on the girl.
How u buy property and how u invest is non of my business.

Moreover, the post that u had quoted, I didn't read at all as I didn't even reply from that post.

Why are you showing me post that I never refer to and why are you telling me how u invest? Nobody cares about that other than your viewpoint on the girl and they way she is making a living.

Why is my view on the girl so important to you? Because you find yourself in the same situation as her? Having difficulties getting on the property ladder yourself? I have no view on the girl. I only care whether she is pretty or not

You are obviously a typical narrow minded Sinkie who can't see the forest from the trees. This is a thread about a topic and not a series of disconnected posts. And yes it is pointless to educate useless Gen Whatever Crap Sinkies who are jealous of "boomers" who made money from the rising property market and are now themselves obsessed with getting on the property ladder.

The only issue of relevance is whether property prices are going up or down from here.

Go up means even if she was reckless to borrow beyond her means she will make money, Go down means she is well and truly fucked. But even that is too deep for a narrow minded Sinkie like you to understand

 

[tobelightlight]

Why is my view on the girl so important to you? Because you find yourself in the same situation as her? Having difficulties getting on the property ladder yourself? I have no view on the girl. I only care whether she is pretty or not

You are obviously a typical narrow minded Sinkie who can't see the forest from the trees. This is a thread about a topic and not a series of disconnected posts. And yes it is pointless to educate useless Gen Whatever Crap Sinkies who are jealous of "boomers" who made money from the rising property market and are now themselves obsessed with getting on the property ladder.

The only issue of relevance is whether property prices are going up or down from here.

Go up means even if she was reckless to borrow beyond her means she will make money, Go down means she is well and truly fucked. But even that is too deep for a narrow minded Sinkie like you to understand

Because my post is about your viewpoint on what is girl is doing to earn a living. That is the ONLY thing I am focusing at by replying on your post initially.

I do not understand why are u telling me about all the crap on the property. If u read my very first post that I reply to ur post. It is just only about ur perception on her as a salaried employee which I find it so boomer.

I didn't touch on anything about property and the its prices go up or down or whatever crap it will be going.

It is you who is very boomer-like, replying to my posts on how u invest, how u think about property inflation like I'm going give a hoot about it.. Pls.. Boomer.. Save ur "age old wisdom" on others who care about it. Not me, and I didn't even touch on that in the first place.

 

[Asterix]

Because my post is about your viewpoint on what is girl is doing to earn a living. That is the ONLY thing I am focusing at by replying on your post initially.

I do not understand why are u telling me about all the crap on the property. If u read my very first post that I reply to ur post. It is just only about ur perception on her as a salaried employee which I find it so boomer.

I didn't touch on anything about property and the its prices go up or down or whatever crap it will be going.

It is you who is very boomer-like, replying to my posts on how u invest, how u think about property inflation like I'm going give a hoot about it.. Pls.. Boomer.. Save ur "age old wisdom" on others who care about it. Not me, and I didn't even touch on that in the first place.

Oh, I see you only care about your posts and your views.

Let me tell you something .......

I DON'T GIVE A FLYING FUCK WHAT YOUR VIEWS ARE ON ANYTHING

With young narrow minded and STUPIG Gen Whatever Crap people like you around, SINGKIESTAN is WELL AND TRULY FUCKED

 

[tobelightlight]

Oh, I see you only care about your posts and your views.

Let me tell you something .......

I DON'T GIVE A FLYING FUCK WHAT YOUR VIEWS ARE ON ANYTHING

With young narrow minded and STUPIG Gen Whatever Crap people like you around, SINGKIESTAN is WELL AND TRULY FUCKED

Then why did u reply to my post in the first place?

Pls boomer, no body give a shit about Singapore, why do u think we will care about sg? The world is our home and we can live anywhere we want. Oh.. Boomer don't understand such concept. I forgot..

 

[countryman]

The post didn't mention anything about needing help from parent at all.

Probably u have selective reading, go read the article again.. It's stated clearly her mum supported her for the downpayment !
I find that you're weird, u can end up quarrelling or fighting with people over something which has got nothing to do with u. LOL

 

[Asterix]

Then why did u reply to my post in the first place?

Pls boomer, no body give a shit about Singapore, why do u think we will care about sg? The world is our home and we can live anywhere we want. Oh.. Boomer don't understand such concept. I forgot..

I always work on the presumption of innocence i.e. a person, whether online or face to face, is not STUPID until proven otherwise.

Now that you've proven that you are STUPIG GEN WHATEVER CRAP ... YOU ARE WELCOME TO FUCK OFF

 

[tobelightlight]

Probably u have selective reading, go read the article again.. It's stated clearly her mum supported her for the downpayment !
I find that you're weird, u can end up quarrelling or fighting with people over something which has got nothing to do with u. LOL

Singapore, most of us can only dream of owning a home in our twenties.

When you’re under the age of 35, there isn’t the option of an HDB flat. That only leaves purchasing a private property. Things get more difficult when according to a Global Living report by real estate firm CBRE, Singapore is ranked as the second-most expensive city in the world to buy private property.

But Janice Lim is not like most in their twenties. As part of her before-30 bucket list, the 29-year-old was determined to own her first home before she hit the big 3-0 milestone.

.............After her calculations, Janice was “pleasantly surprised” that she would be able to afford an apartment that was between $1 to 1.3 million. She had never seriously looked at her finances before so it was a bit of a shock when the numbers were favourable.



I even paste it.. Never mention that she needed parent's help.

 

[tobelightlight]

I always work on the presumption of innocence i.e. a person, whether online or face to face, is not STUPID until proven otherwise.

Now that you've proven that you are STUPIG GEN WHATEVER CRAP ... YOU ARE WELCOME TO FUCK OFF

I don't care.

 

[Asterix]

The post didn't mention anything about needing help from parent at all.

It also mentions that she works as a Product Manager - free translation for STUPIG GEN WHATEVER CRAP - this means she is a SALARIED WORKER

 

[countryman]

I don't care.

Click on this link n read carefully, it's stated clearly on the 7th paragraph.

https://tinyurI.com/yykeuezn

 

[Asterix]

Pls boomer, no body give a shit about Singapore, why do u think we will care about sg? The world is our home and we can live anywhere we want. Oh.. Boomer don't understand such concept. I forgot..

STUPIG GEN WHATEVER CRAP like you will find the world is your monster whereas street wise boomers will find the world is their oyster. STUPIG GEN WHATEVER CRAP like you who can't even read properly should stay in SINKIESTAN until you are replaced by CECAS and then you can go and work as maid or waiter in Dubai.

 

[tobelightlight]

Click on this link n read carefully, it's stated clearly on the 7th paragraph.

https://tinyurI.com/yykeuezn

The thread starter is weird. If wanna start a thread, why post half way and need to click through the link? I have notice this thread starter doing a lot of posts this way. How hard it is to copy and paste the whole article?

What is behind the link? Any bot to check on the ip address after the link is clicked? No.. I'm not going to click the link.

 

[countryman]

The thread starter is weird. If wanna start a thread, why post half way and need to click through the link? I have notice this thread starter doing a lot of posts this way. How hard it is to copy and paste the whole article?

What is behind the link? Any bot to check on the ip address after the link is clicked? No.. I'm not going to click the link.

Up to u.. Who cares anyway!

 

[tobelightlight]

In Singapore, most of us can only dream of owning a home in our twenties.

When you’re under the age of 35, there isn’t the option of an HDB flat. That only leaves purchasing a private property. Things get more difficult when according to a Global Living report by real estate firm CBRE, Singapore is ranked as the second-most expensive city in the world to buy private property.

But Janice Lim is not like most in their twenties. As part of her before-30 bucket list, the 29-year-old was determined to own her first home before she hit the big 3-0 milestone.

.............After her calculations, Janice was “pleasantly surprised” that she would be able to afford an apartment that was between $1 to 1.3 million. She had never seriously looked at her finances before so it was a bit of a shock when the numbers were favourable.


Property price: $1.15 million


Down payment (25%): $287,500


Total Housing Loan: $862,500


Interest Rate: 1.4%, 2-year fixed rate


Monthly Repayment (30 years): around $2,700


https://tinyurI.com/yykeuezn

First of all, how did this article comes about? Why this lady or fictional character agree for such interview? Is this article fake? Did anyone care to ask about that?

You can't trust the media you know.

Did you see how the article is written to manipulate the thinking of the people? I didn't click the link and don't want to but it is enough for me to see the crap through.

Why no one ask how the did housing prices become to so high in the first place? This article is there to manipulate on how you see this expensive housing?

You have ignorant boomers here thinking that it is all good with housing with huge prices so you can sell it for personal gain while never thought that it will not be good for future generation. or aka their own children.

And even ignorant boomers, maybe hired by the PAP, to steer the mindset into competing and have ego competition on who can sell the highest price and accurate the trend to sell it for bragging rights. What an insult to human beings!!!!

A person with the right mind will never agree to such high housing prices and will not vote for a govt who cannot handle the housing price well. Because the people care about and be considerate for the future generation.

 

[micromachine]

Well read it and make your own conclusions do i look like I give a fuck?