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Serious Banks are doing force selling of HDB units.
- Thread starter hbk75
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I never get attracted to the cheap interest rate offered by the banks :oIo:
buy more 1 million hdb to keep the bubble running.
Not only is the HDB market having problems. You also have problems in the condo market.
The unit next to mine is vacant again. it's had 3 tenants in the past 6 years. Another unit on the same floor has an even higher turn over. There use to be some angmos who would use the swimming pool. Now there are fewer of them around.
People better prepare for a long recession. What do you expect when people keep voting for someone like LHL?
The unit next to mine is vacant again. it's had 3 tenants in the past 6 years. Another unit on the same floor has an even higher turn over. There use to be some angmos who would use the swimming pool. Now there are fewer of them around.
People better prepare for a long recession. What do you expect when people keep voting for someone like LHL?
whole world no recession. sinkapore in recession?
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Because at each and every election your Prime Ministar keeps telling Sinkies to vote for him because he's able to provide them with a bright and prosperous future.
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actually new tenants is good,it represents a young healthy vibrant economy......or would u rather be living in some hdb slum ghetto next to ur neighbour auntie/uncle or ah pek/ah soh who has been living there for 20,30 years,poor as hell,dressed in rags and nowhere to go?the stench of death and stagnation permeates the entire hdb flat.
anyway condo is not our fault,those bastard developer companies and LHL keeps building day and night,i stay in the east and do u know how many goddam condos keep popping up over the last 8 years?this country is on a construction binge,hope they build themselves to death and crash the entire market.its like they really cant stop constructing,they are hocking the future to stay alive in the present,building shit that doesnt sell just to keep the companies and economy going.....1,700 unsold flats and another 17,000 in the pipeline.
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is anyone prepared for the upcoming condo crash of Singapore?im getting ready my millions so i can buy ardmore park condo at 80 percent discount.
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No problem lah. Some of the most aggressive real estate flippers have turned to buy and hold for their vested properties. Even with no tenants, servicing the mortgage is no problem at all as they have maximized the loan tenures on floating rates and subsequently have cash reserves some of the losers here can only dream of.
Those who bolt are the similar, but when you got no job here and negative equity, a smart FT will run road with little consequences. So you see why it is so important that we help FTs stay gainfully employed rather than useless sinkies.- Joined
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No problem lah. Some of the most aggressive real estate flippers have turned to buy and hold for their vested properties. Even with no tenants, servicing the mortgage is no problem at all as they have maximized the loan tenures on floating rates and subsequently have cash reserves some of the losers here can only dream of.
A real estate investor with no tenants and no rental income and unable to flip because he bought in at the top and sitting on 20% paper lossess because 80% of the market tanked is not a real estate investor.he is a fool and a slave chained to a sinking titanic.
No problem lah. Some of the most aggressive real estate flippers have turned to buy and hold for their vested properties. Even with no tenants, servicing the mortgage is no problem at all as they have maximized the loan tenures on floating rates and subsequently have cash reserves some of the losers here can only dream of.
I always try to pay my bills & live a debt free existence because I don't like the stress of being in debt.
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Don't talk cock lah. Even Warren buffet loss money on some of his investments, are you saying he is not a stock investor? Every single big time investor has loss money at one stage or another. Its impossible to go through your entire investing career without losing on at least one investment. real estate in singapore has consistently proven to outperform everything else in the last 20 years. If you have consistently invested in real estate in the last 20 years (say buying a property every 5 years or so), you are still way of the game regardless of the market today.
Why bother building quality homes when within a few years they are going to demolish it, ahh.. I mean upgrade.
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Warren buffet has consistently proven to outperform anything even sg real estate since 1963 at a rate of 22% a year.I dont see how warren buffet is even related to a bunch of dumb dumb condo investors that bought in at the peak in 2013 just before sg economy fell off the,cliff.warren buffet attained over 100,000 percent return since inception,not even ho ching can do that with the help of godfather lee and sph.
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All these speculation driven mainly by historically low interest rates-and also for Zikapore mass inflow of foreigners freely working here.
When interest rates rise and the economy cannot sustain these foreigners, good luck to these property owners buying at the high from 2014 onwards and the older 99 years leasehold condos.
Now can easily find condo units without tenants for 6 months despite lowering rentals
When interest rates rise and the economy cannot sustain these foreigners, good luck to these property owners buying at the high from 2014 onwards and the older 99 years leasehold condos.
Now can easily find condo units without tenants for 6 months despite lowering rentals
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What i am saying is that even warren buffet does not win all the time. But some how you expect these condo investors to win all the time. If they lose money on paper, you call them dumb condo investors. But you don't take into account that they might have already made big time on other properties. Most condo investors i know do not own just one property. If one of their property is non performing, and the others are doing well, its still better then many other types of investments out there.
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