Homepage
PR Newswire
04-06-2014, 12:03 AM
(This post was last modified: 04-06-2014, 12:07 AM by specuvestor.)
A. Negative real rates is not a uniquely singapore phenomenon. Hopefully when interest rates normalise, whenever that might be, starting with the tapering of QE, the distortion in price of money can be resolved
B. it started because some segment of society was clamouring for a choice to get low interest pte loans for HDB flats, just as now people clamouring for more investment returns for CPF. Hence rules had to be changed for banks to have first lien on proceeds. Big mistake. Prior to this I have never heard HDB flat being auctioned. To be honest sometimes people really dont know what they are asking for
C. Negative real interest rates are always positive assets.
D. Agree people trying to extract out the CPF locked by using CPF to buy house and rent it out to get cash flow
The common solution is actually what I've been saying: to back peddle and reduce CPF used in property deposits and monthly mortgage payments. However the scheme is too entrenched and likely way forward is implement in phases for new acquires. You can thank ESM Goh for this property centric ideology
B. it started because some segment of society was clamouring for a choice to get low interest pte loans for HDB flats, just as now people clamouring for more investment returns for CPF. Hence rules had to be changed for banks to have first lien on proceeds. Big mistake. Prior to this I have never heard HDB flat being auctioned. To be honest sometimes people really dont know what they are asking for
C. Negative real interest rates are always positive assets.
D. Agree people trying to extract out the CPF locked by using CPF to buy house and rent it out to get cash flow
The common solution is actually what I've been saying: to back peddle and reduce CPF used in property deposits and monthly mortgage payments. However the scheme is too entrenched and likely way forward is implement in phases for new acquires. You can thank ESM Goh for this property centric ideology
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)