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Q1 new-home sales hit record 6,700

Q1 new-home sales hit record 6,700

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Musicwhiz Offline
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#11
18-04-2012, 09:03 AM
(18-04-2012, 08:57 AM)WolfT Wrote: U have to consider that age matters. I believe when u are in your early 40s, u can do the same thing too...
Try to get your HDB fully-paid first, It helps when planning for upgrade next time.

Hi thanks yeah true, forgot about the age thing. Big Grin

I am working towards paying off my HDB loan, got about 3.5 years more of it. Smile
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
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brattzz Offline
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#12
18-04-2012, 09:07 AM (This post was last modified: 18-04-2012, 09:11 AM by brattzz.)
interest rates and rental yield will be deciding factors for investment purpose properties.

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(18-04-2012, 09:03 AM)Musicwhiz Wrote:
(18-04-2012, 08:57 AM)WolfT Wrote: U have to consider that age matters. I believe when u are in your early 40s, u can do the same thing too...
Try to get your HDB fully-paid first, It helps when planning for upgrade next time.

Hi thanks yeah true, forgot about the age thing. Big Grin

I am working towards paying off my HDB loan, got about 3.5 years more of it. Smile

actually i am of the opinion not to pay off the HDB loan... Tongue
use the cash to generate more cash (>2.6%) thru investments.. Smile
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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WolfT Offline
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#13
18-04-2012, 10:27 AM
sometime it is for the 'feel' of debt free. U understand lar...
The thing about karma, It always comes around and bite you when you least expected.
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yeokiwi Offline
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#14
18-04-2012, 10:47 AM
(18-04-2012, 10:27 AM)WolfT Wrote: sometime it is for the 'feel' of debt free. U understand lar...

I prefer to be rational.
HDB loan is too good a deal to pay up fully.
It took me less than 10 years for the CPF OA to exceed the left over loan with some luck in CPF investing.
Currently, the passive annual return from OA is already covering the annual loan payment.
And, CPF account, with 2.5% interest, is perfect for disaster investment. Just need to wait..haha.

As long as asset >> debt, the feeling is already very good Tongue.
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brattzz Offline
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#15
18-04-2012, 12:34 PM (This post was last modified: 18-04-2012, 12:35 PM by brattzz.)
cash in hand = cash is king, cash offers u the ability to buy into GREAT DEALS! Big Grin
Always keep cash, Big Grin

If property market really crashes in 2013/14... more great deals will come by! Big Grin

Watch for it! Smile
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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Bibi Offline
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#16
18-04-2012, 08:08 PM
(18-04-2012, 12:23 AM)Musicwhiz Wrote:
(17-04-2012, 11:32 PM)Bibi Wrote: If an average performer like me can afford to put down 40% cash to buy a 1 mil property, i believe many others can do it.

Wah, this means I am below average! Must buck up.... Tongue
I think i am a few years older than u. When i was your age, i think my cash level is only half of yours.
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