[1] Yah right, why so stupid all those new launch buyers? I never buy new launch. I buy resale and start collecting rental from Day 1 after taking over the property (best those that already come with tenants locked in at good rental).
[2] Net 2-3% is just rental income and already much better than deposit of 0.1% but capital gain is good. It is no difference from playing futures/options/forex, except that property gain is more certain over the long term. Is it any wonder why many rich people prefer properties to futures/options/forex/shares etc? Why they so rich?
[3] I think from your this statement, you still cannot calculate well. Play stock? Too slow lah! If you can calculate well, you should be playing futures+options+forex, earn money fast fast (lose also very fast)!
By the way, your uncle here play everything that can make money, don't care what are they - properties, shares, bonds, futures, options, forex, commodities, businesses, what else (as long you finance people can invent and I think I can make money I will invest/play. Lehman Mini-bonds or structured deposits? Get lost lah! Stupid to buy all those things with all those Terms & conditions! You think you finance people so smart we so stupid?)
[4] Well, because those US guys stupid loh! US so big, land so abundant, yet pay so much and take so much loan (95%)?
Singapore at most 80% for 1st loan, 60% for 2nd loan. Sure no problem, + interest rate always much lower than US.
[5] You example is more like US get $140K and Singapore $90k? Even then, that US one only pocket $70k after tax while Singapore one still can pocket $81k after tax. That is a big difference after tax! So, US one earn more or Singapore earn more? I am sure US cost of living much higher than Singapore if you want luxury (e.g. can you employ a maid that work for $600 pm in US inclusive of govt levy to do house work and look out for your children at home?)
[6] No problem. Many people want to come to Singapore despite me charging them so high rental. The higher the rental, the more face and air they have!
Got cheap rental condo and even rental HDB flats to rent and yet they also don't want!
But my rental property only for people who feel that rental is cheap cheap lah (not suitable for you).
Singapore welcome people who want to come. People want to leave are free to do so. It is just a free market.
From the way you say is like you not happy paying high rental (not sure what is your high, is HDB flat rental also too high for you?), want to get out of Singapore for greener pasture but still cannot and temporarily got stuck here?