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Mockngbrd

Civil servant dua ki

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Supersonic

Ohh...they have never stayed in the place they bought even for the hdb. They stay with their parents. Free taking care of the kids plus food..

 

I see.

 

Then not exactly overleverage la. Most likely they can easily pay for the condo even if the rental is lower than what they expect (after using max CPF).

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6th Gear

Haha uncle bro, no la all we have here is from the One above. I'm jus thankful :)

 

Anyw only kopi the next mu aft cny?? :p

 

Kopi with roti Chennai. [thumbsup]

 

@2BDriver , please come. [laugh]

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5th Gear

I see.

 

Then not exactly overleverage la. Most likely they can easily pay for the condo even if the rental is lower than what they expect (after using max CPF).

Prob bro. But i said overleverage because they jack up their loan limit. They are expecting a near 5k monthly instalment. So i guess only if they cannot rent out then issue will come. But if they lower their rent then it seems lucrative since the tenants are paying their loan. I don"t understand how come there are many other people who are rich enough to afford yet they don"t jump into this deal if it sounds really good.

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Twincharged

Prob bro. But i said overleverage because they jack up their loan limit. They are expecting a near 5k monthly instalment. So i guess only if they cannot rent out then issue will come. But if they lower their rent then it seems lucrative since the tenants are paying their loan. I don"t understand how come there are many other people who are rich enough to afford yet they don"t jump into this deal if it sounds really good.

I think is OT.

 

The strategy is adopted by many of the people I know, none of which are civil servants.

 

For it to be meaningful, have to stick with it for maybe 5 to 10 years. There are risks to do with locking of funds, policy risks. Substantial work to coordinate as well. Not everyone is comfortable with that risk even if they had the funds. Stocks and bonds have much higher liquidity.

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6th Gear

I think is OT.

 

The strategy is adopted by many of the people I know, none of which are civil servants.

 

For it to be meaningful, have to stick with it for maybe 5 to 10 years. There are risks to do with locking of funds, policy risks. Substantial work to coordinate as well. Not everyone is comfortable with that risk even if they had the funds. Stocks and bonds have much higher liquidity.

Much higher 'perceived' liquidity.

 

All the clients cry mother cry father in Jan and asked why didn't advise oil and stock will go to bed together

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Hypersonic

Kopi with roti Chennai. [thumbsup]

 

@2BDriver , please come. [laugh]

Hi,Tuan Yuan,

Wishing you and Family and Gang of Four A properous Wealthy Chinese New Year.

Can you and gang recommend a good quality "Filter" ?

My doctors advised me to stop drinking alcohol due to my kidney filter found leaking protein into the urine, life is becoming meaningless liao.

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Turbocharged

Hmmmmmm............ is that @2bdriver in monkey costume .....

Judging from the Brazil jersey, it's easy to guess who's under the monkey costume

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5th Gear

I think is OT.

 

The strategy is adopted by many of the people I know, none of which are civil servants.

 

For it to be meaningful, have to stick with it for maybe 5 to 10 years. There are risks to do with locking of funds, policy risks. Substantial work to coordinate as well. Not everyone is comfortable with that risk even if they had the funds. Stocks and bonds have much higher liquidity.

Truly said. But they feel that its less risk than stocks because of the perceived steady rental and they got the house at slightly below its x value. They plan to hold it for 5 years only and hence they feel the risk is low. Furthermore they have the extra cash from their hdb disposal and they have enough liquidity to even get a new car and have leftover balance. They feel that they are just making use of bank's money to load into the condo and hopefully their rental will cover it back, which they are confident of. Im just thinking if interest rates goes up by another 1% from now, i wonder how they would change their strategy. I have in comparsion another friend, who owned two condos and his pay is like $20k per month. And yet he told me he sold away one condo because rental market is weak. Two very different income capability and two different thoughts. I would think the 20k per month guy got even less risk but yet he adopted the least risk approach compared to this fren who earns less than 8 times of the other guy (but the way, the other high income guy's condos are fully paid), yet his appetite of risk is like way way higher. Maybe he thinks staying with parents is free. Even if their monthly pay goes 100% ibto the condo its ok since they do not need the money for livelihood it seems.

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Twincharged (edited)

If your income is too high, more income tax will be paid out via if one collects rental. So the higher income earners may not adopt this strategy. Even more so if there is perceived job insecurity.

 

 

Truly said. But they feel that its less risk than stocks because of the perceived steady rental and they got the house at slightly below its x value. They plan to hold it for 5 years only and hence they feel the risk is low. Furthermore they have the extra cash from their hdb disposal and they have enough liquidity to even get a new car and have leftover balance. They feel that they are just making use of bank's money to load into the condo and hopefully their rental will cover it back, which they are confident of. Im just thinking if interest rates goes up by another 1% from now, i wonder how they would change their strategy. I have in comparsion another friend, who owned two condos and his pay is like $20k per month. And yet he told me he sold away one condo because rental market is weak. Two very different income capability and two different thoughts. I would think the 20k per month guy got even less risk but yet he adopted the least risk approach compared to this fren who earns less than 8 times of the other guy (but the way, the other high income guy's condos are fully paid), yet his appetite of risk is like way way higher. Maybe he thinks staying with parents is free. Even if their monthly pay goes 100% ibto the condo its ok since they do not need the money for livelihood it seems.

 

Edited by Showster
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6th Gear

Hi,Tuan Yuan,

Wishing you and Family and Gang of Four A properous Wealthy Chinese New Year.

Can you and gang recommend a good quality "Filter" ?

My doctors advised me to stop drinking alcohol due to my kidney filter found leaking protein into the urine, life is becoming meaningless liao.

 

Uncle, tiagong stout with raw egg makes an excellent combination as good quality "filter". :a-fun:  Jin satki also. No horse run. :a-m1212:

 

Your life will be meaningful again. Otherwise, I think @Tigerwoods may have some good alternatives or suggestions. [:p]

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Hypersonic

Judging from the Brazil jersey, it's easy to guess who's under the monkey costume

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Turbocharged

Uncle, tiagong stout with raw egg makes an excellent combination as good quality "filter". :a-fun: Jin satki also. No horse run. :a-m1212:

 

Your life will be meaningful again. Otherwise, I think @Tigerwoods may have some good alternatives or suggestions. [:p]

@Yuan and @2BDriver,

Kong Hei Fatt Choy!!!

Loong time no post here due to company locked it down in office.

Sorry to hear 2BDriver health issues.

Actually your health can only get better from now onwards, if you follow doctor's orders refrain from Alcohol.

No not Raw egg n Stout please.

My truthful

Answer is having a meaningful life does not circle around alcohol, but having family and friends circling you.

 

Let's have a drink Green Tea MU and we talk about it.

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Supersonic (edited)

@Yuan and @2BDriver,

Kong Hei Fatt Choy!!!

Loong time no post here due to company locked it down in office.

Sorry to hear 2BDriver health issues.

Actually your health can only get better from now onwards, if you follow doctor's orders refrain from Alcohol.

No not Raw egg n Stout please.

My truthful

Answer is having a meaningful life does not circle around alcohol, but having family and friends circling you.

 

Let's have a drink Green Tea MU and we talk about it.

 

green tea ?? what an insult !! 

 

I'll let 2BDriver sniff my beer  [grin] I'll drink on his behalf  :D

 

he can still drink beer lah ..... 

 

post-1137-0-56023400-1455003582_thumb.jpg

Edited by Othello
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5th Gear

If your income is too high, more income tax will be paid out via if one collects rental. So the higher income earners may not adopt this strategy. Even more so if there is perceived job insecurity.

I agree on the income tax part. But the high income fren is working in a very stable government sector and job insecurity is definitely out of the question. In addition, the houses he had is under his wife's name, who is an average earner. Which is why the contrast between these two friends are huge in terms of risk appetite.
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Turbocharged

Bro [wave] Leinad8919,

 

恭喜发财,新年快乐。。。。。。。。。

 

大佬 [scholar] 雷哪八九一九,人不风流 [sly] 枉少年,我 :nosepick: 递大家 [grouphug] 都感话啦 :yeah-im-not-drunk:

post-116534-0-28682000-1455010277_thumb.jpeg

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Supersonic

I agree on the income tax part. But the high income fren is working in a very stable government sector and job insecurity is definitely out of the question. In addition, the houses he had is under his wife's name, who is an average earner. Which is why the contrast between these two friends are huge in terms of risk appetite.

 

That could be the reason.

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Wonder if its a qq, whether there will be a big hoohaa or not.. haha

 

if qq,the driver probably would faster drive off his car.

not like this act rich but not rich and powderful civil servant trying to act yaya.

should have asked him whether his bmw 316 is paid in full cash?

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