tag:blogger.com,1999:blog-17473688.post9223041012358652162..comments2024-03-28T17:31:22.152+08:00Comments on My Singapore News: Surest sign of declineChua Chin Leng aka redbeanhttp://www.blogger.com/profile/11743716923635835397noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-17473688.post-65318902817241950322008-08-15T13:01:00.000+08:002008-08-15T13:01:00.000+08:00asset inflation is only good for those who are spe...asset inflation is only good for those who are speculating in properties or waiting to cash out. for those who are living in them, a 4 rm flat is a 4 rm flat, never mind it is $50k or $500k.<BR/><BR/><BR/>wah, the flat is your property and asset, you really dun mind it is worth $1 or $500,00? <BR/><BR/><BR/>the price of property for those who just want to live in it, should not be beyond his Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-37387093786568701482008-08-15T10:17:00.000+08:002008-08-15T10:17:00.000+08:00asset inflation is only good for those who are spe...asset inflation is only good for those who are speculating in properties or waiting to cash out. for those who are living in them, a 4 rm flat is a 4 rm flat, never mind it is $50k or $500k.<BR/><BR/>the price of property for those who just want to live in it, should not be beyond his means/income. a young couple with a combined income of $5k pm will have a hard time servicing a loan of $300k forChua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-83966847563380567522008-08-15T10:13:00.000+08:002008-08-15T10:13:00.000+08:00It makes no difference whether property value is g...It makes no difference whether property value is going up or down because you still need a place to stay. It only matters when you sell it. What happens when 99 years lease is up? Will your property be worthless overnight?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1236660915275641632008-08-15T09:26:00.000+08:002008-08-15T09:26:00.000+08:00if the value of our flats are purposely depressed,...if the value of our flats are purposely depressed, foreigners turned PR will snap them up on the cheap. the gap between the rich and poor will then widen further. <BR/><BR/>if the value of flats are allowed to appreciate, the assets of 85% singaporeans will move up and everyone, saved for a small vocal minority will be happy participants instead of disgrunted observers in the new economy of our Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-62912138037556369112008-08-15T08:46:00.000+08:002008-08-15T08:46:00.000+08:00at the rate the prices of flats are going up, and ...at the rate the prices of flats are going up, and the stagnation of salaries, the system is unsustainable.<BR/><BR/>when 4 rm flat was $20k, household income was $1.5k.<BR/><BR/>now 4rm is $300k to $400k and household income is $2.5k to $4k. the ratio will tell you that it is unaffordable.Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-86274258516976077792008-08-15T08:24:00.000+08:002008-08-15T08:24:00.000+08:00if you believe the downgrading from execs, 5rooms,...if you believe the downgrading from execs, 5rooms, 4rooms to 3rooms is going to happen soon, you should take your position before retrenchments start.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-22123671901133381052008-08-14T11:29:00.000+08:002008-08-14T11:29:00.000+08:00It is the same with every country. You come up, yo...It is the same with every country. You come up, you reach your potential and you stagnate. Others will have their turn. Better that we realise the reality early.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-7668742135466522332008-08-14T10:41:00.000+08:002008-08-14T10:41:00.000+08:00not so much as nostalgia. those were the days when...not so much as nostalgia. those were the days when everyone was confident of a better tomorrow. and you could see and feel it. when anyone sold his flat or moved out, it was to a better place. 5rm, executive flats, HUDC, private condos, private properties.<BR/><BR/>can't believe that so many people are struggling to hang on to their 4 rm flats and many are talking of down grading. and our incomesChua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-3098153260837805122008-08-14T10:12:00.000+08:002008-08-14T10:12:00.000+08:00Nostalgic are we! Caution, take a yellow flag, or ...Nostalgic are we! Caution, take a yellow flag, or crash and missed the checkered flag.Anonymousnoreply@blogger.com