Any sandwich class couples here?

[lee_tired_sheep]

Then buy lor since yield would have increased

Sent from LGE LG-H818 using GAGT

 

[lee_tired_sheep]

Personal profile: earn in the low teens range base salary, and the above is my plan. As of right now at 2+% yield, really don't see any point buying.

Sent from LGE LG-H818 using GAGT

 

[Sinkie]

Personal profile: earn in the low teens range base salary, and the above is my plan. As of right now at 2+% yield, really don't see any point buying.

Sent from LGE LG-H818 using GAGT

What is low teen range based salary??

 

[lee_tired_sheep]

Low teens range means between 10 and 15 lor.

Sent from LGE LG-H818 using GAGT

 

[Sinkie]

Low teens range means between 10 and 15 lor.

Sent from LGE LG-H818 using GAGT

Ohh, you mean $10,000 - $15,000 per month salary.

What's the mortgage credit line the local bank open to you? At least $2m at least

 

[lee_tired_sheep]

Ohh, you mean $10,000 - $15,000 per month salary.

What's the mortgage credit line the local bank open to you? At least $2m at least

Dunno leh never check. But same as TS, sandwich class. Cannot buy bto, cannot buy ec, private condo a stretch too far.

Sent from LGE LG-H818 using GAGT

 

[Sinkie]

Dunno leh never check. But same as TS, sandwich class. Cannot buy bto, cannot buy ec, private condo a stretch too far.

Sent from LGE LG-H818 using GAGT

Better than me, i cannot buy bto, ec and even resales and worst part is my mth basic not more than low infant range (below $3000)

 

[lee_tired_sheep]

Better than me, i cannot buy bto, ec and even resales and worst part is my mth basic not more than low infant range (below $3000)

You are remiser right? Remember from trading thread.

Sent from LGE LG-H818 using GAGT

 

[Sinkie]

You are remiser right? Remember from trading thread.

Sent from LGE LG-H818 using GAGT

Yeah, but market volume very bad, basic salary worst than fresh graduate. Then bodaiboji gf has a studio apartment under her name. If you all are the sandwich class, I'm that cheese in your sandwich lol

 

[Sinkie]

Any sandwich class couples here?
Exceed EC income ceiling but feel that condo too ex?
Instead of complaining what is gahmen doing to help us, let's share ideas?

Will you..
A) buy $1M resale flat in good locations (Duxton, Toa payoh, Tiong Bahru)
B) buy shoebox 2 bedder condo in good location (Orchard, River Valley, City Fringe)
C) buy bigger 3 bedder condo in ulu location (Pasir Ris, Pioneer, Yishun)
D) Rent

For ts, my opinion

A) Buying an overvalued hdb, but paying a condo price, however you will have no problem selling or renting out in the future.

B) Will it be big enough for a family with children?

C) it's seems to be the wiser choice here, but you will have problems getting people to rent or even sell in the future.

D) the most budget way, since a hdb in Singapore is 99 years lease too. Most flexible way too. But one thing is you will have no asset for legacy.

Just my opinions.

Or else another method is to stay with your parents house or in law house, then get your wife pregnant, and ask her to quit her job, then with single income for 6 months, go apply for bto.

Once you got the key, then ask your wife to go back find a job.

 

[PostCountWarrior[+1]]

Thanks for your contribution. I am thinking alone the same line as you b4 that last year dec. Buy the same blok with my parent place and keep it vacant 5 room at 400k. maybe a reno 100k and it will be solid. even with 200k down from cpf plus cash, easy life shake leg use cpf to pay the house.
But end of the day i ask myself will i get lazy in future with this style ?

i ask myself do i like HDB ? i love HDB house but not the personnel whom runs the carparks in my estate. Is my MP taking care of us ? Is my conservancy charges put into good use ? is there mosquitoes here and will my MP fog the place if there is a complaint ?

i realized as much as i love HDB and my estate there is a deficiency. There is always badminton. There is fingerpointing and also smoke and silence when they cannot answer you.

In the same estate i check the 5 rooms, excutive and private condos, there prices is very big difference. Will make sense to get a 5 room.

However in another estate nearby, 850k for a executive (no grant), a five room condo is 1 mil mark. and this make sense to go for a private. I have just got my keys and paid my taxes and building and maintenance and sinking funds. Make very very very small difference, maybe a taxi fare difference from west to airport only per month. these money is for maintaining facilities & carpark charges etc ..

Is it better to do so rather than give it to XXX and end of the day every day i need to drive up 5 levels to park ? is it better that i tell the security " boss i need to unload my bowling balls or cny goodies so i use the loading /unloading bay for 1 hour ... if anything pls call me ?

if you kana HDB carpark, they are hungry, they just slap you with a summon and ask you pay the fine. even you are a season parking holder.
MSCP show you the signage to wash at loading and unloading while they allow blangla to wash there in the lots. bring water up and down in the lift wetting the floors ... damaging the lifts...

then again tell you they need more money more money ...

i am sick with their smoke and stories ...

u got car is different... if i got car, maintenance fee and car park fee, i may go for condo... but i dont have car...

 

[happydonkey]

Yes, rent now buy later. As prices fall, implied yields go up, then buy. If prices never fall and yields never go up, then rent forever.

Sent from LGE LG-H818 using GAGT

REALLY rent forever! huh? wouldnt that fall into the uncle C category. Old already no house to stay? but by the end of it already can pay off one house. i'm shocked

I mean i can understand rent now buy later... but do note, no matter how bad the recession is next, the property prices will nvr fall back to what it was in the old past. meaning property can only maintain or appreciate over time.

now hdb will nvr go back to $30K. Condo wont go back to the 150K. Last time landed 500K can get, it will also nvr go back.

will u still rent forever? i duno this concept is damm new to me. i own a car, a house, overseas pty, FD, i think sufficient insurance policies. maybe im traditional and fall into the trap of the rat race

 

[lee_tired_sheep]

REALLY rent forever! huh? wouldnt that fall into the uncle C category. Old already no house to stay? but by the end of it already can pay off one house. i'm shocked

I mean i can understand rent now buy later... but do note, no matter how bad the recession is next, the property prices will nvr fall back to what it was in the old past. meaning property can only maintain or appreciate over time.

now hdb will nvr go back to $30K. Condo wont go back to the 150K. Last time landed 500K can get, it will also nvr go back.

will u still rent forever? i duno this concept is damm new to me. i own a car, a house, overseas pty, FD, i think sufficient insurance policies. maybe im traditional and fall into the trap of the rat race

Think you didn't read properly bro... If prices rise, implied yields fall, then don't buy. Rent forever if it's low yield.

Sent from LGE LG-H818 using GAGT

 

[kyteo79]

Mp say give chances to peasant

Cannot like that say lah ...

 

[kyteo79]

So you're saying that making a good buy would be a good buy. No offense but quite a redundant statement.

Sent from LGE LG-H818 using GAGT

i am saying ... i am buying in view of a drop in prices ... i am not citing any good buys.. even there is... it will be in the 2 mill segments. not kacang puteh like the segment i bought ...

 

[kyteo79]

Yes, rent now buy later. As prices fall, implied yields go up, then buy. If prices never fall and yields never go up, then rent forever.

Sent from LGE LG-H818 using GAGT

All have different views.

ie cars ... COE is an example.

of course it is not property but the fundamentals of renting vs buying is always dependent of your point of view basis ownership especially you have already stated there is no guarantee yield making in anywhere/anything ...

my viewpoint is to buy and to own no need to see landlord faces and at their mercy ...

 

[kyteo79]

Dunno leh never check. But same as TS, sandwich class. Cannot buy bto, cannot buy ec, private condo a stretch too far.

Sent from LGE LG-H818 using GAGT

I hope you dun follow my footstep for 2 elections ....

last election 14k total family income and married to get EC ... hahha ...

time is more important then hope and wish and maybe ...

You have lots of backup reasons to rent and not to buy (same like me as well) in the end i lost and buy something i like since i believe i dun have many years more to go ...

hehe

 

[kyteo79]

Yeah, but market volume very bad, basic salary worst than fresh graduate. Then bodaiboji gf has a studio apartment under her name. If you all are the sandwich class, I'm that cheese in your sandwich lol

very humble ...

Dun see yourself no up ...

If you want money then get yr gf to sell hers ... then go resale hdb ...

if you want fight now and then at older age downgrade your private and encash your hard work and labor also can ...

both way works but which has more value ? you hold calculator u count yourself and your character etc ... risk ... discipline etc ..

1 shoe dun fits all ...

 

[kyteo79]

u got car is different... if i got car, maintenance fee and car park fee, i may go for condo... but i dont have car...

true ... still a mean of transport only since many years ago already know the style and the standard (maybe up maybe down - mrt ) and cost of living is up up up...

Never turn my head after that ...

but does take public every few months to see what the public transport like ...

it might look having a car is costly compare to transport but to me i differ cost it is 9/10 years ownership and hedge against 10 years of rising costs ...

 

[kyteo79]

REALLY rent forever! huh? wouldnt that fall into the uncle C category. Old already no house to stay? but by the end of it already can pay off one house. i'm shocked

I mean i can understand rent now buy later... but do note, no matter how bad the recession is next, the property prices will nvr fall back to what it was in the old past. meaning property can only maintain or appreciate over time.

now hdb will nvr go back to $30K. Condo wont go back to the 150K. Last time landed 500K can get, it will also nvr go back.

will u still rent forever? i duno this concept is damm new to me. i own a car, a house, overseas pty, FD, i think sufficient insurance policies. maybe im traditional and fall into the trap of the rat race

Sometimes we cannot stop what others insisting their view points. we are sharing the same ideas. maybe they will claim i am a property agent later. Haha ..

The double standard in singapore is very strong ... what this means there is like 2 modes of economy. the HDB and the private mode. the private mode of course sub cat into many layers.

if you save alot and you rent .. yes it make sense. If you are forever single. it make sense if you are young and can shift here and there.

yes if market is bad.

What if opposite ?

++

there is nothing impossible that prices falls .... if a bomb drops and all gone and things to be rebuilt... yes but i doubt so with cement FOB prices, steel FOB price, bunker, seafreight at a low already. maybe you say the whole world kana bomb then rebuilt again then maybe start from thousands of dollars ...

So we will not go back 10 years ago. Property to drop 20% in singapore will trigger a mass reaction and man in white cannot afford this to happen as we will not majulah but blah kang back... yes cooling measures is to prevent what happen in the crisis period where people jump off 50 storeys due to shares and overlending ...

Try going to Yangon and buy a private lah ... you will be surprise it is not cheap and there are tons of local people in USD ready to buy ... so renting ?
i can't say it is best options nor the worst ...

more or less 10% drop in price is IMO a good steal for me and win win situation for those older properties.

Ratrace ? I doubt so ... it is just to prevent eroding the value of portfoliio.