View Poll Results: RCR Owners: What Car Do You Drive?

Voters
36. You may not vote on this poll
  • Supercar and Ultralux status

    5 13.89%
  • $250k and above

    4 11.11%
  • $200k and above

    0 0%
  • $150k and above

    4 11.11%
  • $100k and above

    8 22.22%
  • $50k and above

    11 30.56%
  • Don't Drive

    4 11.11%
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Thread: RCR Owners: What Car Do You Drive?

  1. #11

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    Quote Originally Posted by Property_Owner
    so strange. thought all parents want their kids to grow up in private
    hahaha.... each to his own.

  2. #12
    Join Date
    Aug 2009
    Posts
    1,439

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    Quote Originally Posted by new2mondrian
    yup. but i don't intend to stay in both. i posted a long long time ago that i am determined that my child should grow up in a HDB flat... and i still intend to deliver that.
    You mean you hold three properties? Landed, Condo and HDB all at the same time?

  3. #13

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    Quote Originally Posted by xebay11
    You mean you hold three properties? Landed, Condo and HDB all at the same time?
    yup, across all 3 classes... but definitely staying in the HDB for years and years to come..... HDB suits us just fine. close to 1300 sqft, 3 decent sized bedrooms, costs us less than $550K, and a 5 mins walk to Holland Village. But most of all, I want my child to grow up among the middle class. If he throws his toys on the floor and they are spoilt, we never buy a replacement. He tries to repair it with daddy. If cannot be repaired, that's just too bad.

    Even IF I renovate it nicely (ard $70K) and put in a Gaggenau coffee machine, a HDB will still cost me less than $650K. And I have spare change to while my weekends away along the quaint cafes along Chip Bee Gardens. That's the beauty of HDB dwelling too.

  4. #14
    Join Date
    Aug 2009
    Posts
    1,439

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    Quote Originally Posted by new2mondrian
    yup, across all 3 classes... but definitely staying in the HDB for years and years to come..... HDB suits us just fine. close to 1300 sqft, 3 decent sized bedrooms, costs us less than $550K, and a 5 mins walk to Holland Village. But most of all, I want my child to grow up among the middle class. If he throws his toys on the floor and they are spoilt, we never buy a replacement. He tries to repair it with daddy. If cannot be repaired, that's just too bad.

    Even IF I renovate it nicely (ard $70K) and put in a Gaggenau coffee machine, a HDB will still cost me less than $650K. And I have spare change to while my weekends away along the quaint cafes along Chip Bee Gardens. That's the beauty of HDB dwelling too.
    I am interested in HDB too, but I heard that there is income ceiling, is this applicable for resale? Also if I buy, I must stay in HDB? You bought what size HDB at $550k, four room flat? Must be very old, good investment?

  5. #15

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    Quote Originally Posted by xebay11
    I am interested in HDB too, but I heard that there is income ceiling, is this applicable for resale? Also if I buy, I must stay in HDB? You bought what size HDB at $550k, four room flat? Must be very old, good investment?
    To your questions:

    1) Resale flat has no income ceiling (ie the sky is the limit). We bought from the resale market. The $8K income ceiling only applies to brand new units purchased from the HDB.

    2) Yes. There is a ONE year time bar to stay in the flat (for buyers of resale flats, and not taking a loan from HDB. read: only commercial bank loans allowed). After ONE year, the owner is free to resell the unit. IF rental, then a THREE years time bar applies (ie have to stay in the flat for a minimum of 3 years before HDB allows u to rent it out)

    3) Mine is a 5-room. Got it when the market tanked earlier this year. Not too old and the flat condition is very good (ie no cracks, no water seepage, no ceiling problems). Anyway, I have always believed that the roof over my head is for consumption, not for investment. But again, this opinion is pretty contentious in this forum. So each to his own again.

  6. #16
    Join Date
    Nov 2008
    Posts
    1,393

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    Quote Originally Posted by new2mondrian
    Hahaha.... car is a depreciating asset. anything that moves will do.

    I'd love to be part of the BMW (bus mrt walk) club too, and was part of it for the first few years of my marriage before the baby came. After which, we got a Jap car below $50K to bring the little one around. But since there is NO option on the poll to choose a car below $50K, does this mean we don't drive? Maybe to gfoo, $50K and below is not a car.

    I won't be part of RCR club for much longer. We got a HDB flat at Holland (does this spell D10???) and will be moving in in a couple of months' time. But we will stay vested in RCR.
    sorry i really wasn't aware there were jap cars below 50 grand so i left em out, my bad. i know there are cherries and pimentos but they are milk tins w strap-on motorcycle engines so i ruled those out as no one takea those seriously anyways

  7. #17
    Join Date
    Aug 2009
    Posts
    1,439

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    Quote Originally Posted by new2mondrian
    To your questions:

    1) Resale flat has no income ceiling (ie the sky is the limit). We bought from the resale market. The $8K income ceiling only applies to brand new units purchased from the HDB.

    2) Yes. There is a ONE year time bar to stay in the flat (for buyers of resale flats, and not taking a loan from HDB. read: only commercial bank loans allowed). After ONE year, the owner is free to resell the unit. IF rental, then a THREE years time bar applies (ie have to stay in the flat for a minimum of 3 years before HDB allows u to rent it out)

    3) Mine is a 5-room. Got it when the market tanked earlier this year. Not too old and the flat condition is very good (ie no cracks, no water seepage, no ceiling problems). Anyway, I have always believed that the roof over my head is for consumption, not for investment. But again, this opinion is pretty contentious in this forum. So each to his own again.
    Wow! 5 room flat for under $550k in Holland area you got a very good deal.

  8. #18

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    Quote Originally Posted by new2mondrian
    yup, across all 3 classes... but definitely staying in the HDB for years and years to come..... HDB suits us just fine. close to 1300 sqft, 3 decent sized bedrooms, costs us less than $550K, and a 5 mins walk to Holland Village. But most of all, I want my child to grow up among the middle class. If he throws his toys on the floor and they are spoilt, we never buy a replacement. He tries to repair it with daddy. If cannot be repaired, that's just too bad.

    Even IF I renovate it nicely (ard $70K) and put in a Gaggenau coffee machine, a HDB will still cost me less than $650K. And I have spare change to while my weekends away along the quaint cafes along Chip Bee Gardens. That's the beauty of HDB dwelling too.
    Wow.. HDB for own stay, condo for offspring and landed for retirement funds.??

    This is similar plan what my frzs had for himself too.. The bayshore for ownstay, another one for their newborn, another one for retirement funds.

    The rich never stop at just 1 property.
    Am i right or wrong.?

  9. #19
    Join Date
    Apr 2008
    Posts
    1,286

    Default

    Quote Originally Posted by new2mondrian
    yup, across all 3 classes... but definitely staying in the HDB for years and years to come..... HDB suits us just fine. close to 1300 sqft, 3 decent sized bedrooms, costs us less than $550K, and a 5 mins walk to Holland Village. But most of all, I want my child to grow up among the middle class. If he throws his toys on the floor and they are spoilt, we never buy a replacement. He tries to repair it with daddy. If cannot be repaired, that's just too bad.

    Even IF I renovate it nicely (ard $70K) and put in a Gaggenau coffee machine, a HDB will still cost me less than $650K. And I have spare change to while my weekends away along the quaint cafes along Chip Bee Gardens. That's the beauty of HDB dwelling too.
    If those "Straits Times Forum Complainers" come to this forum and read what you have done, they are going to flood the Straits Times with their complaints again.

    Quote Originally Posted by gfoo
    sorry i really wasn't aware there were jap cars below 50 grand so i left em out, my bad. i know there are cherries and pimentos but they are milk tins w strap-on motorcycle engines so i ruled those out as no one takea those seriously anyways
    Alamak! They better not come here and read this ...

  10. #20

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    Quote Originally Posted by jlrx
    If those "Straits Times Forum Complainers" come to this forum and read what you have done, they are going to flood the Straits Times with their complaints again.



    Alamak! They better not come here and read this ...
    It is ok. Our friend here planned and worked hard. He did not rob the bank to buy the HDB. He did not fight unreasonably to buy a brand new flat from HDB by petitioning and sorts. Without him, the seller would not have made a pile too.

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