rich vs. poor - high ses vs. low ses housing

[Ralders]

KNN some push too hard until become imh patient KNN

One example is EC and private condos.
Of course if u can afford or really in that range by all means buy.

N now there are plenty aunties milf took up loans for down payment for their units.

The fact is staying HDB may be considered low ses.
But staying Ec and condos esp in ulu location definitely not high ses.

 

[Ralders]

in the future will look like this,,so definitely low ses

Yes definitely low ses same for pasir ris hougang chua chu kang punggol sengkang woodland.unless in or near MRT n central of their respective town.
If not Private condos there be in negative in few years time.

 

[Bad New Brown]

I knew one moron in mid-40s now suffering with a $720,000 bank loan. He bought a 2 bedrooms private condo at 67sqm.

His rental received is $2,200 a month

His monthly mortgage payment $3,800 a month

Monthly facility maintenance is $300

So every month he has to pay $1,900 from CPF and cash for all these

 

[Ralders]

I knew one moron in mid-40s now suffering with a $720,000 bank loan. He bought a 2 bedrooms private condo at 67sqm.

His rental received is $2,200 a month

His monthly mortgage payment $3,800 a month

Monthly facility maintenance is $300

So every month he has to pay $1,900 from CPF and cash for all these

There are plenty of this type around.
Got one use the rental of his parents flat to pay for installment.parents staying with him n wife.
It a 2 bedroom apartment .
What going to happen to the parents when his children grow up.
Sleep in living room or?

 

[Bad New Brown]

There are plenty of this type around.
Got one use the rental of his parents flat to pay for installment.parents staying with him n wife.
It a 2 bedroom apartment .
What going to happen to the parents when his children grow up.
Sleep in living room or?

Yes using his parents’ HDB rental income to pay his private housing bank loan.

Like that equivalent to slum like those in Circuit Road very old HDB 3-rooms flat. A family of 8 staying in a 60sqm unit.

 

[Ralders]

No

Yes using his parents’ HDB rental income to pay his private housing bank loan.

Like that equivalent to slum like those in Circuit Road very old HDB 3-rooms flat. A family of 8 staying in a 60sqm unit.

Not that bad lah.but about there.
These types are the ones whom I despise on.

 

[winnipegjets]

Why we need a pinoy to be a manager at a dental clinic? No sinkee can do the job meh?

https://expatliving.sg/street-talk-neighbourhood-guide-to-sunset-way-singapore/

And the nurses are all pinoy!
http://dentalessence.com.sg/members/

 

[hofmann]

I knew one moron in mid-40s now suffering with a $720,000 bank loan. He bought a 2 bedrooms private condo at 67sqm.

His rental received is $2,200 a month

His monthly mortgage payment $3,800 a month

Monthly facility maintenance is $300

So every month he has to pay $1,900 from CPF and cash for all these

You haven't add in property tax (probably equal to one month rent) and agent fees of one month for 2 yr contract.

Your friend is bleeding through his backside and more interest rate hikes on the way.

 

[Bad New Brown]

You haven't add in property tax (probably equal to one month rent) and agent fees of one month for 2 yr contract.

Your friend is bleeding through his backside and more interest rate hikes on the way.

He regretted now and another 24 years to finish servicing this mortgage loan

 

[winnipegjets]

He regretted now and another 24 years to finish servicing this mortgage loan

He should take a loss and end his misery sooner.

 

[ginfreely]

I knew one moron in mid-40s now suffering with a $720,000 bank loan. He bought a 2 bedrooms private condo at 67sqm.

His rental received is $2,200 a month

His monthly mortgage payment $3,800 a month

Monthly facility maintenance is $300

So every month he has to pay $1,900 from CPF and cash for all these

He is a moron hdb sinkie landlord that underpriced his rental. Moron hdb sinkies like him only know how to undercut others. And that’s why Spore rentals are so low compared to hk.

 

[ginfreely]

tengah development - new hdb forest town. high ses or low ses?

So nice. BTO hdb sinkies are most lucky to enjoy good apartment at cheap cost!

 

[ginfreely]

jurong lake district - high ses?

Current prices start from 1700 psf. Definitely high ses.

 

[hofmann]

He regretted now and another 24 years to finish servicing this mortgage loan

Sell now and cut loss?

 

[hofmann]

He is a moron hdb sinkie landlord that underpriced his rental. Moron hdb sinkies like him only know how to undercut others. And that’s why Spore rentals are so low compared to hk.

Free markets sis.

 

[eatshitndie]

Current prices start from 1700 psf. Definitely high ses.

the lake district will be a desirable area for makan, massage, mamasans as it’ll be the new heart and hub of songsongjurong. occasionally lake residents and visitors will be entertained by some low ses loser sinkies diving in and not surfacing after 6.9 hours.

 

[eatshitndie]

So nice. BTO hdb sinkies are most lucky to enjoy good apartment at cheap cost!

for young sinkie couples who are looking for a home before and after getting hitched and devirginized, the best route to financial soundness and safety is to buy a brand new bto flat at a subsidized price, remodel it at a cost of $69k to bring it up to high ses look and feel, sell it at 6.9 years for at least a profit of 69%, and upgrade to an older pre-enbloc private condo with the proceeds. in future, the older pre-enbloc condo will fetch a higher price with changing times, ever dwindling shortage of land, relaxation of property tightening rules, cyclical shift in property market, and better desirability and more atas feeling of private home ownership. the last is not the least as sinkies care about their faces (but not faeces) and wish to show off to other sinkies that they are more well off and high ses. keeping up with joneses is a treasured and sacred sinkie behavior.

 

[Bad New Brown]

Sell now and cut loss?

He told me the purchase price was $950,000 add stamp fee and lawyer fee about $70,000 so in total cross $1mil.

His 2-bedrooms private condo also around lake district area with the deferred HSR the private property don’t worth really much now.

So now he couldn’t sell it

 

[Bad New Brown]

He should take a loss and end his misery sooner.

In the 2nd half of 2018, times are very bad and nobody want spend or buy a resale private property

 

[bobby]

I knew one moron in mid-40s now suffering with a $720,000 bank loan. He bought a 2 bedrooms private condo at 67sqm.

His rental received is $2,200 a month

His monthly mortgage payment $3,800 a month

Monthly facility maintenance is $300

So every month he has to pay $1,900 from CPF and cash for all these

In Singapore, it is near impossible to make a positive return from buying a property and renting it out.

Your only chance is property price appreciation...and looks like this guy is fucked.