CPF SA

[reddevil0728]

Asset minus Liability = Negative Networth

u mean if u sell off the hdb now u will lose money?

 

[Trader11]

u mean if u sell off the hdb now u will lose money?

No. If your asset value is 500K but Condo loan is 1M, you networth is now -500K

 

[reddevil0728]

No. If your asset value is 500K but Condo loan is 1M, you networth is now -500K

But the condo is an asset what. why u never factor in the value of the condo.

 

[Trader11]

But the condo is an asset what. why u never factor in the value of the condo.

Condo is not an asset. It is a liability

 

[reddevil0728]

Condo is not an asset. It is a liability

the condo has a value and if the value is higher than the loan you have taken out and the cash you have paid. is positive what. unless it isn't sufficient to ever cover the loan.

anyway what has condo gotta do with HDB?

 

[BBCWatcher]

Condo is not an asset. It is a liability

Would you like to give it to me?

 

[compro_1975]

What good cod projection calculator u all using? I used 1 before, geek or something, but I realised a , makes a different in my calculation....... informed the Wen,after but no reply....

 

[dork32]

No. If your asset value is 500K but Condo loan is 1M, you networth is now -500K

if you condo is worth 500k, you can get a 1 mil loan? can you show me which bank can do that? i also want to get that loan

 

[dork32]

No. If your asset value is 500K but Condo loan is 1M, you networth is now -500K

your maths is all wrong. if your condo is worth 1.5 mil and you have 1 mil loan, you are in positive net worth position, even though you still owe i mil in loans.

 

[Trader11]

your maths is all wrong. if your condo is worth 1.5 mil and you have 1 mil loan, you are in positive net worth position, even though you still owe i mil in loans.

Math is about the truth isn't it?

The HDB will be 0 in 99 years time..

 

[BBCWatcher]

Math is about the truth isn't it?
The HDB will be 0 in 99 years time..

OK, I’ll take this burden off your hands. You can give me your HDB leasehold. Deal?

 

[andyhtc]

if you condo is worth 500k, you can get a 1 mil loan? can you show me which bank can do that? i also want to get that loan

Yes, if the bank is stupid enough to do that, and there is one.

UOB vs Lippo on inflated mortgages - excessive furniture rebates or poor internal controls?​

For instance, a unit with an actual purchase price of S$4.8 million was granted a furniture rebate of S$1.4 million, resulting in a stated purchase price of S$6.1 million.

https://www.businesstimes.com.sg/ba...-excessive-furniture-rebates-or-poor-internal

 

[reddevil0728]

Math is about the truth isn't it?

The HDB will be 0 in 99 years time..

Then that will only be true in 99y time.

don’t bring politics in.

 

[zoneguard]

Math is about the truth isn't it?

Please read this article on Bala's table.

 

[dork32]

Math is about the truth isn't it?

The HDB will be 0 in 99 years time..

you are so right. maths is about truth. the problem is that yours is not maths.

so if the hdb is 0 in 99 years, why did you bother to pay 400k for it. why do you need to pay 400k for something that is of 0 value?

 

[Trader11]

you are so right. maths is about truth. the problem is that yours is not maths.

so if the hdb is 0 in 99 years, why did you bother to pay 400k for it. why do you need to pay 400k for something that is of 0 value?

It is a liability like monthly rental from government

 

[reddevil0728]

It is a liability like monthly rental from government

noted. so why did your family force you leh?

 

[Trader11]

noted. so why did your family force you leh?

You not married?

 

[Value.Matrix]

It is a liability like monthly rental from government

It is a depreciating asset that you consume from living in it. Unless you never use it, and let it rot, then yes lah. Its a liability.

Car is also the same. If you do not use it, let it rot till 10 years. yes its useless. But if you can earn income (or save time to earn income form it), it is an asset.

Let's not confuse it with "Income generating assets" and "depreciating assets you consume".

 

[reddevil0728]

You not married?

Don't see why it is material here.

Like that you are suggesting you shouldn't get married in the first place? Since in a marriage it shouldn't be forced.

I think you should seriously ponder this.