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Thread: Life is a struggle.You struggle ... again & again. And one day, you triumph

  1. #21

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    Quote Originally Posted by cbsh38584 View Post
    Life is a circle of happiness , struggles , hard times , good times etc. If you are going through hard times, have faith that good times are on the way.

  2. #22

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    Life is always a struggle. Do not get yourself into a painful struggle which you can avoid at the initial stage.
    Do not invest into ppty if you are a mariginal case investor.


    A couple (age 35 to Age 40) with 2 kids (age 3-10) earning combine Salary of $12k-$15k is better off living in HDB rather than upgarde to condo.
    1st priority has to be plan your future retirement as early as possible through CPF. High interest (2.5% to 5%) & guarantee.

    There is no certainty in term of job sercurity now. Always remember that the company you work for promise you job today but never promised you job tomorrow. Be prepared for rainy days. No matter how well you’re doing, you’ve got to be prepared. Don't plan to fail & go into a high debt


    Assuming you are buying a condo costing $1.2m. Loan $900k. Part of your purchase is using CPF-OA whcih wipe out your future retirement.

    1) Combine couple Salary assuming $12k- $15k/mth

    Per month
    =======
    Mortage loan of 900k (1.5%) = $4300
    ppty tax = $80 ($2.5k/yr)
    Maint Fee = $300
    Mortagage insurance = ??? (Some dont buy at all)
    Electricity bill = $250
    Family car loan ($70k) = $1000
    Car petrol = $250
    Car insurance = $80
    Car road tax = $80
    Couple HP bill = $120
    Starhub SVC = $60
    Kids enrichment = $500
    Kids school fee = $800 (age 3-10)
    Family expense Food etc = $800
    Maid =$700
    Piety Filial - Parent =$1000 (I hv a high Salary earner friend paying $6k/mth mother. Wife not so happy)
    Misc like holiday etc = ???
    Misc like sick = ???
    -----------------------------------------------
    Total $9070
    -----------------------------------------------

    Couple insurance est = $1400
    2 Kids insurance = $600
    =====================
    Total family insurance = $2000/mth
    ======================

    Your expense family est per month is around $11,070. Couple Salary is 12k-$15k. You are in a border line case. Risk is high as you cannot guarantee your job is secured. Stay where you are. It is a totally different condition in SG. If you dont have the right skill. A master or a honor degree is also useless.

  3. #23
    Join Date
    May 2012
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    My kids enrichment and school related fees cross 2K per month actually.

    Property tax cannot be 80 pm if annually 2.5K.

    Anyway the profile stated is more relevant for EC or resale EC limited at 1 mil, preferably with loan below 600K.
    Last edited by Kelonguni; 14th June 2017 at 01:06 PM.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  4. #24

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    Quote Originally Posted by cbsh38584 View Post
    Life is a circle of happiness , struggles , hard times , good times etc. If you are going through hard times, have faith that good times are on the way.
    It is sad that our famous Lee family's petty disputes over their late father's Oxley Road home has become interntional news.
    Let hope the Lee family internal struggle will end amicably soon.
    Our father of S'pore. LEE KUAN YEW - I will always love you for what you have done for Singapore.


  5. #25
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  6. #26
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    Lately, I contacted a few property agents on the profiles of recent property buyers.

    Majority are "investor" in their 30+ to mid 40, buying small units of <$1.2m - 1.5m, ie 1 bedroom or two bedrooms.
    In short, all these need to pay for the ABSD with 60 LTV if no problem with TDSR. And I think, they almost empty their CPF and cash for this investment.

    IMHO, all these are weak investors, counting on the payrolls and hopefully rental income to cover the all cash outflow.

    This group of buyers have over-estimated their job security and optimistic about rental income / economy.

    Should these do work out in their favour, there would be wave of sellings.

    Let's see when there will be a recession.

  7. #27
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    Quote Originally Posted by Laguna View Post
    Lately, I contacted a few property agents on the profiles of recent property buyers.

    Majority are "investor" in their 30+ to mid 40, buying small units of <$1.2m - 1.5m, ie 1 bedroom or two bedrooms.
    In short, all these need to pay for the ABSD with 60 LTV if no problem with TDSR. And I think, they almost empty their CPF and cash for this investment.

    IMHO, all these are weak investors, counting on the payrolls and hopefully rental income to cover the all cash outflow.

    This group of buyers have over-estimated their job security and optimistic about rental income / economy.

    Should these do work out in their favour, there would be wave of sellings.

    Let's see when there will be a recession.
    Bank will not call them until it crash more than 40%.

    Every month they are paying down their loan, if rented out they save on the interest.

    Better than to put in the Bank. Rental yeild is the lowest in Singapore, security is what most look at.

  8. #28
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    Aug 2009
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    Quote Originally Posted by Arcachon View Post
    Bank will not call them until it crash more than 40%.

    Every month they are paying down their loan, if rented out they save on the interest.

    Better than to put in the Bank. Rental yeild is the lowest in Singapore, security is what most look at.
    Banks will not call if you are still serving the loans well.

  9. #29
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    Quote Originally Posted by Laguna View Post
    Banks will not call if you are still serving the loans well.

    That is why I cash out 660K use only 555,800, 104,200 to pay the loan for the time when I got no rental income.

  10. #30

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    Positive thinking is a mental and emotional attitude that focuses on the bright side of life and expects positive results. A positive person anticipates happiness, health and success, and believes he or she can overcome any obstacle and difficulty.

    Positive thinking: It may not make you rich. But it will help you to reduce stress & prevent you from a total breakdown.

    1. Surround yourself with positive people.

    2. Remember that no one is perfect and let yourself move forward.

    3. Meditate or do yoga or listen to / Sing your favorite song

    4. Happiness vs. more "want" (Which Comes First?). Be contented.

    5. Positive living. Do something for yourself that you truly enjoy like playing Tennis , golf , badminton etc with your friends.
    It keep you healthy & also reduce your mind stress. This is a very important "Must do thing" you need to focus on.


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