Jump to content

Showster

Member
  • points

    29,918
  • Content count

    5,844
  • Joined

  • Last visited

Community Reputation

29,918 Twincharged

About Showster

  • Rank
    Twincharged

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

Enable
  1. Showster

    Is Singapore General Election Round The Corners ?

    Wise parents.
  2. Showster

    Is Singapore General Election Round The Corners ?

    Survey target is 19-30 years old. I remember that once upon a time, I also wanted to emigrate. But once you have kids, and understand better how the whole mechanism works, there is no other place I want to be.
  3. Showster

    Hdb income ceiling revised 2019

    Only these two friends. Not everyone can be as prudent as them. No kids (until very late in life) for one. The other one doesn’t even have kids. No cars also - most of us can’t. And they have been very astute investors with equity, and started off with HDB. But both had to pay ABSD (7%) because they hesitated in transfer of HDB when I told them to do it quickly. They used loan even though they have to liquidity to pay off second property. The reason, I don’t need to explain here. They have the liquidity to cheong for third but are waiting to see if ABSD can be removed for some unbelievable reason. Last, the third is an investment unit so it can be an undersized unit that they can pay up for. 700K cash is no problem for our sifus here.
  4. Showster

    Hdb income ceiling revised 2019

    The direction is correct but you exaggerated all my figures leh. Basically we have been disqualifying and building up demand year after year. A colleague and another friend aiming for third property (paid 7% ABSD for second) both still hoping for ABSD to be lowered or removed. Both of them almost have full cash to pay off a whole unit! I wonder why they cannot see how many people aiming for second property. How to let so many get third one???
  5. Showster

    Is Singapore General Election Round The Corners ?

    Ask again, why is Singapore so expensive? And yet, why do people still want to come in? Cheaper, surrounding us, there are dozens of options. Expensive, but few really want to leave even if they could. Why?
  6. Showster

    Is Singapore General Election Round The Corners ?

    It’s always easier to blame others and claim righteousness. Easy to criticise but not easy to suggest good solutions. But once you lost the whole chicken farm, you can forget about even getting chicken feet, much less wings!
  7. Showster

    Is Singapore General Election Round The Corners ?

    No need survey de lah. So many unpopular decisions to make just to keep the little red dot alive and kicking. Sure many are unhappy. It’s just that nobody has an actual better set of ideas that work beyond just garnering popular support or potential bounced cheques.
  8. Showster

    Hdb income ceiling revised 2019

    Still have those built earlier with separate kitchen.
  9. Showster

    Hdb income ceiling revised 2019

    Manpower cost only went up. Sand cost went up. New construction method much more technology intensive and costly. Land also went up.
  10. Showster

    Hdb income ceiling revised 2019

    A grant is really a grant. Although it is not a discount. If get 80,000 grant, would have saved about 28,000 over 25 years at 2.6% interest rate. No loss with returning the 80,000 25 years later. Grant need to pay interest or not, that one need to check. But even if need to pay back, still nothing lost as money becomes much smaller after 25 years.
  11. Showster

    Hdb income ceiling revised 2019

    It’s not really a vicious cycle, but rather, a virtuous cycle. Our children who benefits from a better educational and developmental background always get a higher starting salary to cope with inflation. It’s an inevitable cycle that every developed nation faces. Just imagine: would you want your child to have the same starting salary you had?
  12. Showster

    Is Singapore General Election Round The Corners ?

    What is happening here is they are adjusting the degree or level of subsidy of public good relative to the actual values of the goods. With the grants, they also sell differentially to people with different incomes / times of HDB ownership, in a dense level the playing field slightly.
  13. Showster

    Hdb income ceiling revised 2019

    Very much agree! I had been writing about starting salaries for graduates. But we still also need to factor in lower starting income and gentler tangent for income growth for non graduates (as a whole).
  14. Showster

    Hdb income ceiling revised 2019

    Interestingly, the last revision of the cap was around GE 2015. It did not move prices in any specific directions for a couple of years while the demand gets fulfilled and supply gets soaked up. The supply felt much higher at that period though.
  15. Showster

    Hdb income ceiling revised 2019

    It starts from 11th Sep. What a date to use! But do check other qualifying criteria as well.
×