Sis, lovelle got good price for rcr....Originally Posted by East Lover
Sis, lovelle got good price for rcr....Originally Posted by East Lover
he said no more liao now everyone is asking 1500psf and 4k abv hahahaOriginally Posted by chestnut
will you buy a unit for investment where rental only cover installments?
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if instalment at 5% interest rate, and can afford to plonk 40% downpayment, yesOriginally Posted by newbie11
40% downpayment, u can have + cashflowOriginally Posted by newbie11
At 5%, I doubt there is decent units at todays sale prices that can cover rental, assuming rental stay at today's rates
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
yah, that's what i mean. so answer: no lor.Originally Posted by newbie11
too risky.
Bro, rental rate always higher than mortgage interest rate...Originally Posted by newbie11
Look at Singapore, Malaysia,Indonesia, Bangkok, Australia,...
Can name me a few countries that is not like this?
Serious... It willbe an interesting... So far, only have stats for the above few countries.
bro u talking about good times, or bad times? or average times?Originally Posted by chestnut
everybody has been asking when interest rate will go to 5% for upmteen times...Originally Posted by newbie11
must remember, it must go to 2% first, 3 % ....then 5%
For as long as I can remember in my working life, interest rates have never hit 5%.Originally Posted by Lovelle
Not saying it won't but just an observation.
树大必有枯枝,人多必有白痴。
树无皮必死无疑,人不要脸天下无敌!
Ave times...Originally Posted by Shanhz
Good times, don't even border about yield, look at cap gains enough. Bad time, pray to god u can service the loan w/o tenant.
Always prepare for worst case scenario.
If not, don't go in.... Expect the unexpected.
Bro, it did in the 90s... I was involved... But my rental still can cover mortgage... Only during recession, than I folk out cash because rental cannot cover...Originally Posted by leftfield
1987 to 2012 (SIBOR Yearly)Originally Posted by leftfield
END OF PERIOD INTERBANK 3-MONTH
1987 3.13
1988 5.38
1989 5.63
1990 4.81
1991 3.00
1992 2.31
1993 3.31
1994 4.38
1995 2.56
1996 3.13
1997 6.75
1998 1.88
1999 2.75
2000 2.81
2001 1.25
2002 0.81
2003 0.75
2004 1.44
2005 3.25
2006 3.44
2007 2.38
2008 1.00
2009 0.69
2010 0.44
2011 0.38
Average of the above: 2.7%
So i guess my 5% abit too high. use 3% enuff.
Add spread will be 4-5%
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
my spread is about 0.8%. not sure long term wise, what is the average spread.Originally Posted by newbie11
how old are u ?Originally Posted by leftfield
i mean after adding spread to avg sibor 2.7%, it will be 4-5% eventually. home loan spreads is increasing. now spread for yr4 onwards is abt 1 to 1.25%.. assuming sibor jumped double, int rate will be 2% in 2016. i suppose still consider low?Originally Posted by Shanhz
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
Wow, that was to the point. Not young anymore lah.Originally Posted by Lovelle
树大必有枯枝,人多必有白痴。
树无皮必死无疑,人不要脸天下无敌!
My spread is 0.8%.. So all in is about 1.1%. We have transparent historical sibor info, but i tink no such info on historical spread. If we have that, then basically we can for sure know what is the "correct" average interest rate to flex for in our calculations.Originally Posted by newbie11
who knows you are in 30sOriginally Posted by leftfield
Haha, let's just say still have > 20 productive working years!Originally Posted by Lovelle
Far away from retirement like many gurus here!!!
树大必有枯枝,人多必有白痴。
树无皮必死无疑,人不要脸天下无敌!
Gahmen just wants to prevent any market crash from causing the ordinary Singaporeans financial distress and public unhappinessOriginally Posted by DC33_2008
Big boys can afford to take the risk - they got holding power