|
|
[Frozen]
 |
| ||
| |||
| |||
| |||
 I am waiting the landed property to burst.It is like Dubai which look good at first and people run away and unable to sell it even 50% discount.We have to be careful.I will take a small loan with a shorter period orelse you keep on paying the interest.We must earn interest and Not to pay interest in order to be rich as I am he Life Planner from the Great Eastern Life. I am targeting freehold landed property and I can relax and do some organic farming at the backyard.There will be some fruit trees at the entrance with 5 parking lots.Children can play around the compound.It is geat. | |||
| |||
| |||
| |||
| |||
| |||
| |||
| |||
| My housing mortgage is a HDB loan, something I appreciate greatly for peace of mind. My ideal property is one that is FULLY PAID UP (or at least 50% paid up). After which, I can move on to acquire another private property using cash, with the agenda of investing for rental returns and potential long term capital gains. Another of my opinion is, the key thing is to educate people to be contented with the very first flat they purchase in their names, i.e usually the matrimonial flat. However, it seems even young people nowadays are so locked into making money out of their flats that nothing else matters. I am of the view that the primary housing should NEVER EVER be treated as an INVESTMENT. The roof over one's head must never be speculated! It is afterall a basic need. Assuming if everyone goes by the ideal mindset that they stay in their first flat thoughout their lives and servicing a HDB mortgage rate of 2.6% for 30 years, there will never be a "bubble" like what is seen recently. And when the personal or family finances stabilizes, then a second or third property can be bought as an investment. Like most Singaporeans, I am paying my housing mortgage from my CPF-OA, which is an ok thing to do, except the retirement funds that is supposed to be built up in the CPF-OA account is not doing so, as most of the money is paid into the mortgage. A catch 22 situation. Then again, why not position it this way: FUND THE CPF-OA DEFICIT Which means, if I am paying S$400 per month from CPF-OA into mortgage, I should park $400 from my savings into SRS and then invest the money; That not only plugs the CPF-OA deficit, and I get to enjoy some tax reliefs. Nice!  There is no magic in the above, just some shift in thinking. Another way to (re-)position your personal finances. | |||
| |||
| |
|
