tag:blogger.com,1999:blog-17473688.post3547723171184320309..comments2024-03-28T17:31:22.152+08:00Comments on My Singapore News: New EC and how much to payChua Chin Leng aka redbeanhttp://www.blogger.com/profile/11743716923635835397noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-17473688.post-54978538308714559902010-10-02T21:40:57.295+08:002010-10-02T21:40:57.295+08:00"taking a loan of $750k for 30 years. Roughly..."taking a loan of $750k for 30 years. Roughly it would mean paying a total of $1.5m by the end of the mortgage. Divide this by 30 it will mean a yearly payment of $50k or $4k monthly. This sounds very reasonable and very affordable. The couple would still have a balance income of $6-7k pm. "<br /><br />...affordable until they get retrenched in an economic downturn and lose their cushy Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-11625583834238570622010-10-01T15:33:27.897+08:002010-10-01T15:33:27.897+08:00Me view this as totally irresponsible and reckless...Me view this as totally irresponsible and reckless to take such a big loan depending on a salary that can stop anytime. And when it does, bankruptcy and despair is order of the day.<br /><br />This is like betting on the future with big stake.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-73577063355749040922010-10-01T15:05:03.604+08:002010-10-01T15:05:03.604+08:00I guess if the couple don't have to eat,don...I guess if the couple don't have to eat,don't hv to support aging parents,don't hv to raise children,no insurance,don't hv a car,never be stricken by a dreaded disease,don't loose their job to foreigner,no need to pay income tax,no need to pay maintenance fee....their"dream" home seems affordable.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-80620924992583690482010-10-01T10:38:57.221+08:002010-10-01T10:38:57.221+08:00If they can survive to retirement age.
Being posi...If they can survive to retirement age.<br /><br />Being positive is one thing. Facing up to reality is another.<br /><br />I worry for my children's children. But being my children, they are already planning twenty years down the road.<br /><br />That $20 million is as good as the Japanese local mint during world war 2.Wally Buffethttps://www.blogger.com/profile/15310530661689310446noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-22365657846435907462010-10-01T10:25:44.296+08:002010-10-01T10:25:44.296+08:00Look at the bright side. By the time they hit reti...Look at the bright side. By the time they hit retirement age, the property could be worth $20m. Then they can either cash out and migrate or sublet to earn an income for their twilight years.<br /><br />It is a good thing. All planned for a good future ahead.Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-5007999810882924972010-10-01T10:18:32.677+08:002010-10-01T10:18:32.677+08:00It sounds very reasonable and affordable when BOTH...It sounds very reasonable and affordable when BOTH are employed. If one of them hits the rocks, there goes the home.<br /><br />More pressure to do well at work, more pressure to stay employed and employable.<br /><br />Pressure brings domestic conflicts, child/parent problems.<br /><br />Pressure and stress depresses the immune system. The big "C" word is a reality.<br /><br />How the Wally Buffethttps://www.blogger.com/profile/15310530661689310446noreply@blogger.com