Target networth

[malthead]

for a moment, i was worried this thread will become a marriage/kids thread

 

[Opps-gal]

Can use wills/ LPA for some of the things stated? If no plan have kids, better to remain single? No need tie up, then complain about relationships? Just my thoughts.

I disagree. There are numerous rights and privileges uniquely associated with legal marriage. I certainly don’t object when couples decide not to get married, but it’s just factually incorrect that legal marriage is meaningless. Common examples in Singapore include HDB privileges, ease of estate/probate, some occasional income tax benefits, a few CPF-related benefits, the automatic ability to make medical decisions on behalf of an incapacitated spouse, immigration privileges (if one spouse doesn’t have an independent right of abode for example), and employer-provided benefits (such as certain medical benefits).

 

[Opps-gal]

Old freehold over 50 years old, will the price drop also like leasehold, due to having to pay more maintenance fees for the structure? How much is consider fair price?

Do you need add property into networth, since is always different pricing?

 

[mummy1234]

Got jobs coming in or not? Rental yields r low with oversupply.

 

[mummy1234]

Old freehold over 50 years old, will the price drop also like leasehold, due to having to pay more maintenance fees for the structure? How much is consider fair price?

Do you need add property into networth, since is always different pricing?

Property is your asset. Depends on the market value of your property. How much u get after selling your property is part of yr networth. But remember sell already,stay where. So banks I think don't count yr primary residence ...but if u have somewhere to stay after selling then no problem.

Networth equals total assets minus total liabilities.

 

[Sinkie]

Property is your asset. Depends on the market value of your property. How much u get after selling your property is part of yr networth. But remember sell already,stay where. So banks I think don't count yr primary residence ...but if u have somewhere to stay after selling then no problem.

Networth equals total assets minus total liabilities.

Is bank don’t count or consider if it’s a hdb, not because it’s your primary residence

If it’s a condo under joint name, bank will divide into half

 

[mummy1234]

Is bank don’t count or consider if it’s a hdb, not because it’s your primary residence

If it’s a condo under joint name, bank will divide into half

Actually it is important to have a roof over yr head right but just need a place stay..pitch tent in East Coast also can if u want to live in yr car also can...but generally people need an address in yr ic and u then prob have to use yr parents, , family members or rent a room and family squeez in live like hk style also can
Nah, just joking...downgrade and rent or buy another place...PAP already taught u guys right, right size. Lease buy back.

 

[Mergui219067]

Having a family is a natural instinct.

Look at those refugees & very poor countries who produce like rabbits.

Many brains of homo sapiens in developed countries have degenerated into other priorities.

Even animals do go around looking for one.

So, having children is your only reason to get married?

 

[Mergui219067]

The value will be maintained much much better than 99 for sure .

Developers are more likely to pick rarer freehold if they see value.

99 is a dime a dozen esp OCR .

Old freehold over 50 years old, will the price drop also like leasehold, due to having to pay more maintenance fees for the structure? How much is consider fair price?
Do?

 

[celtosaxon]

80% then times 0.04. Ok!

but wait.. still need to x2????

without times 2, i think i just need another 4-5 more years to hit

80% and divide by 0.04

If retiring in 5 years x1.1 only

 

[celtosaxon]

Shouldn't it be based on expenses rather than earnings?

Sent from Dont Take Any Of My Statment As Investment Advice. Do Your Own Due Diligence. using GAGT

Only if you are targeting a major change from your current spend level or you have an highly non-typical income vs spend pattern.

The 80% rule adjusts for lower taxes and a lower savings requirement in retirement, lifestyle stays unchanged.

 

[malthead]

80% and divide by 0.04

If retiring in 5 years x1.1 only

Oops yeah divide

 

[existential_reality]

Not really, older condo's used to be built more practically so maintenance was actually less.

Old freehold over 50 years old, will the price drop also like leasehold, due to having to pay more maintenance fees for the structure? How much is consider fair price?

Do you need add property into networth, since is always different pricing?

 

[malthead]

upz for more discussion

 

[chrisloh65]

Older condo also have much bigger usable space vs same sq ft space written on paper of new condo (because of many wasted spaces like lift lobby space etc).

Not really, older condo's used to be built more practically so maintenance was actually less.