View Full Version : Property price is coming down fast
:D Just curious, where is he from? :D
Is QE3 some kind of magical viagra? Oncer applied, all the global financial dysfunction will go away. Once applied, global stock markets will have an erection that will last and last?
The real reason for our current dysfunction is that the world's economy is just plain ugly. QE3 can't help much with that.:)
devilplate
03-11-11, 10:07
higher the better....nothing to do with me, I am very happy, because spore will be so uncompetitive...1st country to get out for all MNC in the world is spore....then we will have more retrenchment in coming months to yrs....many western MNC are in big trouble soon if their banks are at risks, include banks itself....
don't worry, when retrenchment comes, tons of foreigners/FT/FW/PR tenants will disappear overnight, let you have the 1 month deposit, they took what they can in the house....coming soon...
rental is high or low now....can tell lies wan huh....
poor thing....must be paying high rental now
cheer up:cheers5:
Is QE3 some kind of magical viagra? Oncer applied, all the global financial dysfunction will go away. Once applied, global stock markets will have an erection that will last and last?
The real reason for our current dysfunction is that the world's economy is just plain ugly. QE3 can't help much with that.:)
QE 1 & 2 already failed...QE1 effect is 16 months...QE2 is only 6 months...
If QE3 , the most 2 months & nobody care anymore...
anyway, US Debt at US$15trillion now....US debt to GDP is 100% now....debt limit reaching this month...has to start to talk in congress again...of course cut budget deficit by another US$3trillions....then downgrading of US rating...all in this month....
Obama will be ignored again....:):)
thomastansb
03-11-11, 10:09
Agree. If down 60%, there isn't much to go down. Really a fool will sell. I rather rent it out.
Only fool seller sell his/her property at 60% discount... This is spore not states... You ve limited space here...
Is QE3 some kind of magical viagra? Oncer applied, all the global financial dysfunction will go away. Once applied, global stock markets will have an erection that will last and last?
The real reason for our current dysfunction is that the world's economy is just plain ugly. QE3 can't help much with that.:)
QE is life saviour for large banks ... that's why there are talks about breaking up large banks (wall street hates this).
Quoted from Wiki about Pandit, CEO of Citi:
After posting five consecutive quarterly profits Citigroup announced $23.2m retention award to Pandit making him one of the highest paid CEOs
devilplate
03-11-11, 10:10
Is QE3 some kind of magical viagra? Oncer applied, all the global financial dysfunction will go away. Once applied, global stock markets will have an erection that will last and last?
The real reason for our current dysfunction is that the world's economy is just plain ugly. QE3 can't help much with that.:)
if QE dun work....WW3 is coming
poor thing....must be paying high rental now
cheer up:cheers5:
you know me so well huh....liar...:):)
devilplate
03-11-11, 10:12
QE 1 & 2 already failed...QE1 effect is 16 months...QE2 is only 6 months...
If QE3 , the most 2 months & nobody care anymore...
anyway, US Debt at US$15trillion now....US debt to GDP is 100% now....debt limit reaching this month...has to start to talk in congress again...of course cut budget deficit by another US$3trillions....then downgrading of US rating...all in this month....
Obama will be ignored again....:):)
ya la all banks gona collaspe soon....when all those big countries run out of money how? start WAR la
dun be a fool :D
ya la all banks gona collaspe soon....when all those big countries run out of money how? start WAR la
dun be a fool :D
you only good in 'ya la ya la' type of shouting....
angry or emotional no use wan....
must be able to analyse...no shout....:):)
:D
poor thing....must be paying high rental now
cheer up:cheers5:
buay tong liao(cannot tahan anymore) why the rental and price still so HIGH? :D :D
higher than the 5 series per month :D :D
Agree. If down 60%, there isn't much to go down. Really a fool will sell. I rather rent it out.
I think sell or not is not by choice.
At what stage does the banks ask you to top if LTV80% and LTV60%?
if property value is 70% for a year (not just a spike), does banks ask you to top up if LTV80% / LTV60%.
I understand from previous posts that banks unlikely to ask to top up if installments are regular. So when does banks threw in the towel?
Can the majority of property owners top up 10% if requested to?
Greek comedy or tragedy in the making? Recent poll suggests that 60% of Greek oppose the austerity measures, but 70% wants to stay in the Euro zone. The whole country thinks they can have the cake and eat it?:doh:
Greece ppl is rich , is their govt that is broke.
from all the welfare given
the rich just stay aside and watch.
devilplate
03-11-11, 10:17
you only good in 'ya la ya la' type of shouting....
angry or emotional no use wan....
must be able to analyse...no shout....:):)
i am just telling u the consequences in case ur predictions all come true
no wonder govt build bomb shelter....oooo:scared-5:
devilplate
03-11-11, 10:19
Greece ppl is rich , is their govt that is broke.
from all the welfare given
the rich just stay aside and watch.
but the poor go to the streets wor
:D
buay tong liao(cannot tahan anymore) why the rental and price still so HIGH? :D :D
higher than the 5 series per month :D :D
haha....that is why this thread is so hot....fun...buay tong...
can only rely on personal attacked, not fact, figure & information....can they discuss nicely??.....
all these jokers....:):)
Greece ppl is rich , is their govt that is broke.
from all the welfare given
the rich just stay aside and watch.
tha tis why i say the ****ing country with all the CCB idiots around..this country tax structure got problem...efficiency and corruption is another problem...those who lend money to them no way to recover..Greece is like a leech to EU ...kick them out or take over the whole bloddy country after they bankcurpt and rule them like banana currency last time!! fcuk them:tongue3:
if got choices...tons has no choice when bad time comes....
that is why only fools buy property now....:)
Think the forummers here are all prudent and careful.
don't think anyone is buying now. so no fools yet.
but if price drops 50% as u predicted, then they may become "fools" and buy lor. haha
devilplate
03-11-11, 10:21
I think sell or not is not by choice.
At what stage does the banks ask you to top if LTV80% and LTV60%?
if property value is 70% for a year (not just a spike), does banks ask you to top up if LTV80% / LTV60%.
I understand from previous posts that banks unlikely to ask to top up if installments are regular. So when does banks threw in the towel?
Can the majority of property owners top up 10% if requested to?
nvm la...when tat happens....cash also become banana notes.....
go stock up food and put in our bombshelter now!:scared-5:
tha tis why i say the ****ing country with all the CCB idiots around..this country tax structure got problem...efficiency and corruption is another problem...those who lend money to them no way to recover..Greece is like a leech to EU ...kick them out or take over the whole bloddy country after they bankcurpt and rule them like banana currency last time!! fcuk them:tongue3:
haha...Greece is gone case lah...default very soon....forget about it now...
worry for Italy & spain now.....France banks come 1st or Italy...
France downgrading 1st from AAA or focus back to downgrading of USA?...:)
but the poor go to the streets wor
Yup. play punk and don't pay, ask for debt forgiveness.
all politics lor
tha tis why i say the ****ing country with all the CCB idiots around..this country tax structure got problem...efficiency and corruption is another problem...those who lend money to them no way to recover..Greece is like a leech to EU ...kick them out or take over the whole bloddy country after they bankcurpt and rule them like banana currency last time!! fcuk them:tongue3:
I am sure they short Dow futures b4 the shock announcement about referendum .... profit already in Swiss bank now, yesterday short covering probably by them ... derivative allows insiders to rob the public
actually Greek islands worth a lot of money
nvm la...when tat happens....cash also become banana notes.....
go stock up food and put in our bombshelter now!:scared-5:
No space. Maid sleeping there. She will be safe. The rest of family in danger. whahaha.
nvm la...when tat happens....cash also become banana notes.....
go stock up food and put in our bombshelter now!:scared-5:
regarding stocking up food, anybody knows of any freeze-dried cooked food supplier/store in Singapore?
The kind of freeze-dried cooked food where you just have to add hot water, wait a few minutes and food is ready.
I am currently stocking up of canned food, now have 1 month worth for family. and they take a lot of space. most of them expired in middle 2013.
next year, I will stock more canned food that expires in 2014.
so now looking for freeze-dried cooked food as they last longer (10 years or more) and smaller volume.
currently looking for sources of textured vegetable protein.
thomastansb
03-11-11, 10:30
To me, Greece got nothing to lose. rating already CC, lowest. Country is virtually bankrupt with all those austerity measures. So bankrupt or no bankrupt, they don't care. I think they are asking for 80% haircut (more like headcut to me). Instead, France or Germany has more to lose. All the European banks will be in deep trouble if Greece go bankrupt. So this PM is taking a very clever step. Ask people to back him so when he announce future austerity measures, he can say, majority of the people voted for it. If he doesn't get the support, Greece go bankrupt, he go out and enjoy with all his money and Greece nothing to lose either. They are in recession anyway might as well take the risk to threaten their neighbours for more $$$... This Euro crap is really stupid. The stupidest policy ever. Of course, Italy's balls must be shrinking now. If Greece go down, they are next in line.
tha tis why i say the ****ing country with all the CCB idiots around..this country tax structure got problem...efficiency and corruption is another problem...those who lend money to them no way to recover..Greece is like a leech to EU ...kick them out or take over the whole bloddy country after they bankcurpt and rule them like banana currency last time!! fcuk them:tongue3:
Greece govt will bankrupt in NOv 18, no more money to run govt....referendum will be on Dec 4 instead of next Jan....so Greece default will be very closed....no more bailout money for Greece till referendum, more riots, bankrupt in Greece, also across Europe in next few weeks....
Isn't it cheaper to just cut Greece out from Euro, take 100% of their possible default (debt being 4% of EU's GDP) and do a massive write off? Surely cheaper than having the value of the shareholdings in markets worldwide slashed during any stock market tumbling whenever any news on Greece come on.
Even if Greece have any riots as a result of the boot, it's internal? I don't think the Spartans' elite fighting skills are any good against tanks and fighter jets....
devilplate
03-11-11, 10:33
regarding stocking up food, anybody knows of any freeze-dried cooked food supplier/store in Singapore?
The kind of freeze-dried cooked food where you just have to add hot water, wait a few minutes and food is ready.
I am currently stocking up of canned food, now have 1 month worth for family. and they take a lot of space. most of them expired in middle 2013.
next year, I will stock more canned food that expires in 2014.
so now looking for freeze-dried cooked food as they last longer (10 years or more) and smaller volume.
currently looking for sources of textured vegetable protein.
bro....r u serious?:scared-5:
ur nickname doesnt go well
anyone knows our army combat ration can last how long ar?
I sincerely hope PIIGS will be out from Euro, devalue their currency until I can enjoy holiday there for $1500 for 10d instead of $3000 for 10d.
At last, Singaporeans who work hard and own properties can raise our heads in the sky ...
Look at Australia, the Qantas saga is just the beginning .... after SIA set up Scooter ... will further shrink their profit, the Irish CEO is right, they cannot survive long term
Isn't it cheaper to just cut Greece out from Euro, take 100% of their possible default (debt being 4% of EU's GDP) and do a massive write off? Surely cheaper than having the value of the shareholdings in markets worldwide slashed during any stock market tumbling whenever any news on Greece come on.
Even if Greece have any riots as a result of the boot, it's internal? I don't think the Spartans' elite fighting skills are any good against tanks and fighter jets....
You forgot about triggering of CDS default event
Isn't it cheaper to just cut Greece out from Euro, take 100% of their possible default (debt being 4% of EU's GDP) and do a massive write off? Surely cheaper than having the value of the shareholdings in markets worldwide slashed during any stock market tumbling whenever any news on Greece come on.
Even if Greece have any riots as a result of the boot, it's internal? I don't think the Spartans' elite fighting skills are any good against tanks and fighter jets....
many people think very simple....just cut off lah...just print lah...then who want to work?? then who don't know to loan big big to maximum to buy property or gold??...up/down, boom/burst...just cycle go round, no fiscal or monetary policy can stop it.....
nothing is simple...Bernanke printed QE1 & 2 have to pay back wan...has not paid 1 cts yet, sure gignatic crisis to crash the world 1 day....
If like what you said, top 5 france banks will bankrupt immediately....
If like that is ok, then Italy, Spain, Portugal, Irelands, Belgium, even France & Germany tomorrow also want greece's way to write off everything.....
devilplate
03-11-11, 10:41
many people think very simple....just cut off lah...just print lah...then who want to work?? then who don't know to loan big big to maximum to buy property or gold??...up/down, boom/burst...just cycle go round, no fiscal or monetary policy can stop it.....
nothing is simple...Bernanke printed QE1 & 2 have to pay back wan...has not paid 1 cts yet, sure gignatic crisis to crash the world 1 day....
If like what you said, top 5 france banks will bankrupt immediately....
If like that is ok, then Italy, Spain, Portugal, Irelands, Belgium, even France & Germany tomorrow also want greece's way to write off everything.....
now u know y big countries building up their military power?:scared-5:
devilplate
03-11-11, 10:43
I sincerely hope PIIGS will be out from Euro, devalue their currency until I can enjoy holiday there for $1500 for 10d instead of $3000 for 10d.
At last, Singaporeans who work hard and own properties can raise our heads in the sky ...
Look at Australia, the Qantas saga is just the beginning .... after SIA set up Scooter ... will further shrink their profit, the Irish CEO is right, they cannot survive long term
i rather let them print and print and kick the cans further wor....i want world peace
EU debts too big and complex to handle.....:scared-5:
now u know y big countries building up their military power?:scared-5:
hooligan, mafia, uncivilised??...
I can tell you americans more worry of 'death' than you...their life worth more....:):)
devilplate
03-11-11, 10:48
hooligan, mafia, uncivilised??...
I can tell you americans more worry of 'death' than you...their life worth more....:):)
when they got nothing to lose.....hohoho....
i rather let them print and print and kick the cans further wor....i want world peace
EU debts too big and complex to handle.....:scared-5:
print & print is the lowest class human thinking....
now print also no use & cannot help liao....:)
devilplate
03-11-11, 10:52
print & print is the lowest class human thinking....
now print also no use & cannot help liao....:)
mabe PIIGS tinking of joining military power liao......
or better still whole EU+US against Asia......:scared-1:
they demand for writeoffs.....:hell-hath-no-fury:
bro....r u serious?:scared-5:
ur nickname doesnt go well
anyone knows our army combat ration can last how long ar?
I am serious. I was even considering getting one reefer container worth of freeze-dried cooked food for family of 6, enough for 3-4 years, costs abt $60k including shipping. Then calculating import duties/taxes and requirement for import permit in Indonesia, the total costs may balloon to more than $120k. After discussing with wife, dropped the idea as too expensive. so focus on canned food. Canned food definitely will overall cost much more, but each payment is small.:)
Tried to check internet for freeze-dried cooked food suppliers in Singapore, no luck so far.
400-500kg of freeze-dried food can last a person a year. I thought if have such supplier in Singapore, easier to arrange shipping back to Indonesia.
I was influenced by Nicholas Taleb's book regarding"black swan".
Also one statement from a survival website "if you can buy health insurance, medical insurance for the family, consider this as food insurance".
Yup, I dont considered it as expenses, but as food insurance for the family.
If nothing happens at end of 2012, I will donate the food that expires in 2013 and stock up more food that expires in 2015-2016.
Also looking at reports of disasters around the world, where food and water will disappeared from supermarket shelves within hours. I guess why be one of them queueing in line for hours. If have the financial resources, might as well prepared for disaster first. (tip: polished rice last years longer than unpolished rice)
If your combat ration is MRE, some survival websites say they give you constipation. Is that true?
I also purchased 2 of those gravity filtration system from States. Black Berkey systems.
Hope for the best, prepare for the worst :)
Hope for the best, prepare for the worst :)
If the rich is getting for ready for apocalypse, wtf are we commoner going to do?:scared-3: :scared-5:
I'm thinking instead of dragging it on and on, Europe could just boot the Greeks, write off most of the debt, monetize the losses and move on.
Guarantee bank depositors, but let the stockholders, bondholders and credit-default counterparties take their losses.
EU definitely doesn't need Greece but i believe France, Italy etc have something to offer even if the debt issues are going to be worse if it's their turn to be in Greece's shoes.
Exciting and precarious times if the Germans (with some approval of the EU) just issue a ultimatum to pay up (be it tax their citizen 80% of future earnings, confiscate the riches' wealth or what extreme measures that can think of) and if they don't just send the tanks in and take over la.
Some countries don't agree, fights back..WWIII.. Weapon manufacturers around the world huat.. Massive destructions, after war ends, construction industry booming from the rebuilding..trillions of dollars of contracts given out...incompetent governments removed...
Never going to happen though..the Europeans are super tired from thousands of years of warring liao... and we're not playing a video game.. but if really comes down to the doomsday scenario that Basic paints where everyone bankrupts, why not have the war scenario instead?
I'm thinking instead of dragging it on and on, Europe could just boot the Greeks, write off most of the debt, monetize the losses and move on.
Guarantee bank depositors, but let the stockholders, bondholders and credit-default counterparties take their losses.
EU definitely doesn't need Greece but i believe France, Italy etc have something to offer even if the debt issues are going to be worse if it's their turn to be in Greece's shoes.
Exciting and precarious times if the Germans (with some approval of the EU) just issue a ultimatum to pay up (be it tax their citizen 80% of future earnings, confiscate the riches' wealth or what extreme measures that can think of) and if they don't just send the tanks in and take over la.
Some countries don't agree, fights back..WWIII.. Weapon manufacturers around the world huat.. Massive destructions, after war ends, construction industry booming from the rebuilding..trillions of dollars of contracts given out...incompetent governments removed...
Never going to happen though..the Europeans are super tired from thousands of years of warring liao... and we're not playing a video game.. but if really comes down to the doomsday scenario that Basic paints where everyone bankrupts, why not have the war scenario instead?
I don't paint the picture of war....I don't even mention 'war'....
I only said property down >50-60% in 2-3 yrs time....
If war, property will down >90%....
I am telling you the fact now, what is going to happen to unfold....
All DEBT must pay back, this is the theme of this decade...whether raise taxes, hike rate, cut spending, cut budget....do what you can....responsible to your own act, no bully, no fight, be a man....
greed & evil will all wipe out....
phantom_opera
03-11-11, 11:28
危机就是转机
Everywhere is zero sum game except Germany and Asia. 10y later, you will regret of not owning a piece of Asia success story.
Francois Fillon, the French prime minister, said: “Europe cannot be kept waiting for weeks for the outcome of the referendum. The Greeks must say, rapidly and unambiguously, whether or not they will choose to remain in the eurozone.”
showhand time for Greece
thomastansb
03-11-11, 11:30
Anyway, property goes up and down. Historically, prices will dip around 30% to 40% +- on average so we just take that number. War or no war, we have to assume no war. In war, you care about food, not property.
The more it goes up, the more I will sell
The more it goes down, the more I will buy
You won't go wrong. As to capital, you have to find it yourself. There is nothing call cash dropping from sky.
I don't paint the picture of war....I don't even mention 'war'....
I only said property down >50-60% in 2-3 yrs time....
If war, property will down >90%....
I am telling you the fact now, what is going to happen to unfold....
All DEBT must pay back, this is the theme of this decade...whether raise taxes, hike rate, cut spending, cut budget....do what you can....responsible to your own act, no bully, no fight, be a man....
greed & evil will all wipe out....
If the rich is getting for ready for apocalypse, wtf are we commoner going to do?:scared-3: :scared-5:
one survival tip:
dont let your neighbours know you are stocking up on food.
neighbours will become enemies if their children are hungry.
I dont even let my maids and my little kids know I stocked up food.
I buy metal cabinets to keep the canned food. They only see the metal cabinets and can only guess at its contents. as for the kids, you know they cannot keep a secret.
Only when emergency strikes, will I informed them and then tell them to keep their mouth shut, if not everybody goes hungry.
devilplate
03-11-11, 11:34
one survival tip:
dont let your neighbours know you are stocking up on food.
neighbours will become enemies if their children are hungry.
I dont even let my maids and my little kids know I stocked up food.
I buy metal cabinets to keep the canned food. They only see the metal cabinets and can only guess at its contents. as for the kids, you know they cannot keep a secret.
Only when emergency strikes, will I informed them and then tell them to keep their mouth shut, if not everybody goes hungry.
ur house comes with a basement bomb shelter?
危机就是转机
Everywhere is zero sum game except Germany and Asia. 10y later, you will regret of not owning a piece of Asia success story.
I can tell you, 10 yrs later we still have not get out of current DEBT issue yet....so you know how serious this debt problem is....
unless everyone wants a fast crash, bite the bullet, take the hardship, like Korea in 1997, all korean donated all their gold irregardless how many one's owned....no one is interested now....only slow death very painfully for many many yrs....
devilplate
03-11-11, 11:36
Anyway, property goes up and down. Historically, prices will dip around 30% to 40% +- on average so we just take that number. War or no war, we have to assume no war. In war, you care about food, not property.
The more it goes up, the more I will sell
The more it goes down, the more I will buy
You won't go wrong. As to capital, you have to find it yourself. There is nothing call cash dropping from sky.
not bad to see FH landed in D15,19 goes back to Sars level of 4xx-5xxpsf land:D
Anyway, property goes up and down. Historically, prices will dip around 30% to 40% +- on average so we just take that number. War or no war, we have to assume no war. In war, you care about food, not property.
The more it goes up, the more I will sell
The more it goes down, the more I will buy
You won't go wrong. As to capital, you have to find it yourself. There is nothing call cash dropping from sky.
good luck...play monolply is easy.....:):)
devilplate
03-11-11, 11:39
I can tell you, 10 yrs later we still have not get out of current DEBT issue yet....so you know how serious this debt problem is....
unless everyone wants a fast crash, bite the bullet, take the hardship, like Korea in 1997, all korean donated all their gold irregardless how many one's owned....no one is interested now....only slow death very painfully for many many yrs....
if it drag for more den 10yrs and u also painted stagflation scenerio....den u r also one big fool to hold cash
ur house comes with a basement bomb shelter?
haha, unfortunately don't have. I am not that rich to build a basement. the cabinets are in a room, accessible to everybody, only that the cabinets are locked.
I and my wife laughed about it. We are like thieves in our own home, unload the food from the car at night, quickly keep the food while the maids and kids are upstairs :doh:.
phantom_opera
03-11-11, 11:40
I wonder how much insurance premium hopeful paid every year :p
QE 1 & 2 already failed...QE1 effect is 16 months...QE2 is only 6 months...
If QE3 , the most 2 months & nobody care anymore...
anyway, US Debt at US$15trillion now....US debt to GDP is 100% now....debt limit reaching this month...has to start to talk in congress again...of course cut budget deficit by another US$3trillions....then downgrading of US rating...all in this month....
Obama will be ignored again....:):)
BASIC PLEASE HELP US.......
NOW THAT WE ARE ALL SELLING OUR PROPERTIES AT 20% DISCOUNT...
WHAT SHOULD WE DO WITH OUR MONEY AFTER WE SOLD OUR HOUSE????
WHERE ARE WE GOING TO STAY?
WHERE TO PARK OUR MONEY PLEASE!!!!!!!!!!!! HELP!!!!!!!!!!!!!!!
devilplate
03-11-11, 11:42
haha, unfortunately don't have. I am not that rich to build a basement. the cabinets are in a room, accessible to everybody, only that the cabinets are locked.
I and my wife laughed about it. We are like thieves in our own home, unload the food from the car at night, quickly keep the food while the maids and kids are upstairs :doh:.
doesnt cost alot to build a basement in indonesia rite? mabe can build underneath ur garage or something:2cents:
devilplate
03-11-11, 11:43
I wonder how much insurance premium hopeful paid every year :p
need to buy from several insurance companies in case some of them fail
BASIC PLEASE HELP US.......
NOW THAT WE ARE ALL SELLING OUR PROPERTIES AT 20% DISCOUNT...
WHAT SHOULD WE DO WITH OUR MONEY AFTER WE SOLD OUR HOUSE????
WHERE ARE WE GOING TO STAY?
WHERE TO PARK OUR MONEY PLEASE!!!!!!!!!!!! HELP!!!!!!!!!!!!!!!
No answer, i ask 3 times already
if it drag for more den 10yrs and u also painted stagflation scenerio....den u r also one big fool to hold cash
you have only 2 choices, cash or property??.....:)
I wonder how much insurance premium hopeful paid every year :p
you wont believe it. less than 10k a year. but it is entirely term life.
more bang for less buck :D
NTUC term life $1mil policy, the premium around $1k/year only if memory is correct.
not all insurance companies accept foreigners buying singapore term life
No answer, i ask 3 times already
PLEASE BASIC........
I BEG YOU...
PLEASE DISH OUT YOUR ADVICE TO US....
NOW I ALREADY LISTEN TO YOU...
I SOLD MY ONE AND ONLY CONDO...
WHAT SHOULD I DO WITH MY MONEY AND WHERE SHOULD I STAY??????
PLEASE HELP..............
devilplate
03-11-11, 11:52
you have only 2 choices, cash or property??.....:)
let say a person with a fully paid house.....sell or no sell?
inflation 5% pa. 10yrs later, more den 50%(about 60%+)
so sell liao hold cash....cash eroded by 60%+ 10yrs later
no winner here....hold ppty or cash both r losers
BASIC PLEASE HELP US.......
NOW THAT WE ARE ALL SELLING OUR PROPERTIES AT 20% DISCOUNT...
WHAT SHOULD WE DO WITH OUR MONEY AFTER WE SOLD OUR HOUSE????
WHERE ARE WE GOING TO STAY?
WHERE TO PARK OUR MONEY PLEASE!!!!!!!!!!!! HELP!!!!!!!!!!!!!!!
why I don't answer this question openly is NOW everything is very short term, nothing for long term now....
I can tell you 1 thing now, but it becomes wrong in few weeks time, how you explain also no use...seen too many, credit they take, bad thing you swallow.....
go & talk to your RM or financial exper or.....
let say a person with a fully paid house.....sell or no sell?
inflation 5% pa. 10yrs later, more den 50%(about 60%+)
so sell liao hold cash....cash eroded by 60%+ 10yrs later
no winner here....hold ppty or cash both r losers
best is to keep hard stuff, and not cash.
at least if have hard stuff, can still barter.
devilplate
03-11-11, 11:54
you wont believe it. less than 10k a year. but it is entirely term life.
more bang for less buck :D
NTUC term life $1mil policy, the premium around $1k/year only if memory is correct.
not all insurance companies accept foreigners buying singapore term life
richies like u can consider buying those universal insurance package....i was told min entry 1mil.....:2cents:
let say a person with a fully paid house.....sell or no sell?
inflation 5% pa. 10yrs later, more den 50%(about 60%+)
so sell liao hold cash....cash eroded by 60%+ 10yrs later
no winner here....hold ppty or cash both r losers
why inflation 5% pa?? when recession come is HYPER-DEFLATION...
reversed....
devilplate
03-11-11, 11:56
best is to keep hard stuff, and not cash.
at least if have hard stuff, can still barter.
canadian gold coins:D :D :D
strongly encourage ppl to buy some to keep....u nvr know when u nid it....some ppl buy and keep GOLD rolex hehehe:D
"but if really comes down to the doomsday scenario that Basic paints where everyone bankrupts, why not have the war scenario instead?..."
When did i say that you mentioned war? I said you mentioned a lot of bankruptcy. So, since there's a lot of bankruptcy that will also cause alot of hardship and grief, why not have the war scenario. Somewhat like a control - alternate - delete...
devilplate
03-11-11, 11:58
why inflation 5% pa?? when recession come is HYPER-DEFLATION...
reversed....
In economics, stagflation is a situation in which the inflation rate is high and the economic growth rate slows down and unemployment remains steadily high. It raises a dilemma for economic policy since actions designed to lower inflation or reduce unemployment may actually worsen economic growth.
phantom_opera
03-11-11, 11:59
let say a person with a fully paid house.....sell or no sell?
inflation 5% pa. 10yrs later, more den 50%(about 60%+)
so sell liao hold cash....cash eroded by 60%+ 10yrs later
no winner here....hold ppty or cash both r losers
If you believe in headline inflation reported by Singstat ... real inflation is probably 10% ... Mc Donald kopi now 1.95, small cuppacino 2.60 ... seems like 5 cent increase every 6m
Super-diluted barley water in Ya Kun is $2.20 .... :doh:
No wonder Daiso is full of people
"but if really comes down to the doomsday scenario that Basic paints where everyone bankrupts, why not have the war scenario instead?..."
When did i say that you mentioned war? I said you mentioned a lot of bankruptcy. So, since there's a lot of bankruptcy that will also cause alot of hardship and grief, why not have the war scenario. Somewhat like a control - alternate - delete...
said what you like....
phantom_opera
03-11-11, 12:07
S$ MILLION
END OF PERIOD M3
2005 Sep 223,080.5
..
2011 Sep 442,633.7
M3 grows 100% since 2005, same $1 in 2005 purchasing power = $0.50 in 2011
:banghead:
devilplate
03-11-11, 12:08
In economics, stagflation is a situation in which the inflation rate is high and the economic growth rate slows down and unemployment remains steadily high. It raises a dilemma for economic policy since actions designed to lower inflation or reduce unemployment may actually worsen economic growth.
stagflation possibly one of the worse scenario
http://economics.about.com/od/useconomichistory/a/stagflation.htm
richies like u can consider buying those universal insurance package....i was told min entry 1mil.....:2cents:
I only go for cheapest and that is basic term life, no other riders.
If premium for $1mil term life that includes stuff CI, that same amount of premium can buy like $2mil term life without CI.
I look at ratio, payout vs premium. the bigger it is, the more I am interested :D.
example.
numbers are estimate but dont differ much from actual
after 20 years, total premium paid is like 50k, payout still $1milion.
20x right?
if KO after 5 years, total premium is like 6k, payout $1million, ratio 166x.
good or no good :D
like striking lottery :cheers3::cheers3::cheers3:
devilplate
03-11-11, 12:15
I only go for cheapest and that is basic term life, no other riders.
If premium for $1mil term life that includes stuff CI, that same amount of premium can buy like $2mil term life without CI.
I look at ratio, payout vs premium. the bigger it is, the more I am interested :D.
example.
numbers are estimate but dont differ much from actual
after 20 years, total premium paid is like 50k, payout still $1milion.
20x right?
if KO after 5 years, total premium is like 6k, payout $1million, ratio 166x.
good or no good :D
like striking lottery :cheers3::cheers3::cheers3:
but i tot term insurance subject to renewal rite?
term insurance will be a good add on to life insurance:2cents:
phantom_opera
03-11-11, 12:20
I only go for cheapest and that is basic term life, no other riders.
If premium for $1mil term life that includes stuff CI, that same amount of premium can buy like $2mil term life without CI.
I look at ratio, payout vs premium. the bigger it is, the more I am interested :D.
example.
numbers are estimate but dont differ much from actual
after 20 years, total premium paid is like 50k, payout still $1milion.
20x right?
if KO after 5 years, total premium is like 6k, payout $1million, ratio 166x.
good or no good :D
like striking lottery :cheers3::cheers3::cheers3:
So you are without CI protection :scared-5: , be very afraid my friend unless you already have net worth of 10 millions. And like devilplate said, diversify.
but i tot term insurance subject to renewal rite?
term insurance will be a good add on to life insurance:2cents:
perhap definitions differ.
my thinking basic life insurance, where it payable upon death only. no other addon.
some called it term life, some called it life insurance :beats-me-man:.
Look for those renewable ones. For Singaporeans, NTUC have a 20 year term life, payable yearly, and renewable.
Or you can choose 5 year term, autorenewable.
From paper, NTUC is cheapest.
and no, I am not NTUC insurance agent.
devilplate
03-11-11, 12:30
So you are without CI protection :scared-5: , be very afraid my friend unless you already have net worth of 10 millions. And like devilplate said, diversify.
same tot....i tot the whole purpose of buying life insurance is for CI...:beats-me-man:
So you are without CI protection :scared-5: , be very afraid my friend unless you already have net worth of 10 millions.
that's where my thinking differs from others.
I am not interested in CI. I dont intent to go for treatment anyway. If kena one of the CI, life extended for a few years and still be miserable. If look at it from a 3rd party, the one kena CI make trouble for family only.
for the same amount premium:
If buy life + CI worth $1million
1) money from CI used to pay for medical treatment, the real beneficiary is doctors, they get to drive BMW, and family take bus.
1) take money from CI but not used for medical treatment, beneficiary is family, they drive only BMW, cannot do other things because only $1million payout.
if buy life worth $2million
1) my family drive BMWs, and additionally can buy properties because payout is $2million.
See the difference, the same amount of premium can be used to get bigger basic term life policies.
Since I dont go for CI, I make time for family now.
Dont spend time only when kena CI or on death bed and then regret not spending time with family when still healthy. That is pure BS.
yalah, I diversify by buying from different insurance companies.
devilplate
03-11-11, 12:45
when one leg step into coffin, u will tink differently oredi.....little hope of recovering also will try one....somemore also cannot die instantaneously....SG law dun allow.....kena cancer must die slowly and painfully....few mths medical bills in the hospital can kill u liao
phantom_opera
03-11-11, 12:48
Hopeful, you are really weird, this forum is full of weird but interesting contributors.
Have you ever thought about what if:
1. You are hit by cancer, but won't die i.e health weakening slowly for 10y but won't be able to work
2. You are hit by cancer but there is a special drug, treatment cost 500k but 90% chance of recovery
3. You have liver failure, need liver transplant, can buy but cost a bomb
Hopeful, you are really weird, this forum is full of weird but interesting contributors.
Have you ever thought about what if:
1. You are hit by cancer, but won't die i.e health weakening slowly for 10y but won't be able to work
2. You are hit by cancer but there is a special drug, treatment cost 500k but 90% chance of recovery
3. You have liver failure, need liver transplant, can buy but cost a bomb
I look at overall benefits to family.
If after recovery of CI, the financial situation of the family is better, i would go for that.
If after recovery of CI, the financial situation of family is worsen, i would not take the treatment.
My thinking is in most cases, after recovery, the financial situation of families are worse off. Continuing medical expenses etc.
And no, I won't go to Bedok Reservoir :D.
Spare some thought for your family at least, when police ask the wife to identify the body. You think she wont get nightmares if see half eaten face ?
when one leg step into coffin, u will tink differently oredi.....little hope of recovering also will try one....somemore also cannot die instantaneously....SG law dun allow.....kena cancer must die slowly and painfully....few mths medical bills in the hospital can kill u liao
many ways around SG law, one way is to go Bedok Reservoir.
and you are right, medical bills can kill you financially. Why benefit the doctors?
devilplate
03-11-11, 13:13
many ways around SG law, one way is to go Bedok Reservoir.
and you are right, medical bills can kill you financially. Why benefit the doctors?
bcoz i am hopeful to stay alive mah
cannot commit suicide la....ur family wun get a single cent
I look at overall benefits to family.
If after recovery of CI, the financial situation of the family is better, i would go for that.
If after recovery of CI, the financial situation of family is worsen, i would not take the treatment.
My thinking is in most cases, after recovery, the financial situation of families are worse off. Continuing medical expenses etc.
And no, I won't go to Bedok Reservoir :D.
Spare some thought for your family at least, when police ask the wife to identify the body. You think she wont get nightmares if see half eaten face ?
To each his own... actually it is opposite for me, to me CI is the only insurance that is worth taking.
If you die a quick painless death from a CI that is not so bad. But if it is a long painful and lingering one then a CI policy will help heaps.
Why begrudge the doctors for earning your medical expenses? It's like begrudging the barber earning your money for cutting your hair...
CI is important - critical in my view.
If you die - nothing much to talk about ...just bury and read the Will.
It's the 'lingering' thats the issue ...suffering and the waiting to die.
So CI - helps those who live on to not financially suffer while you wait to pass.
bcoz i am hopeful to stay alive mah
cannot commit suicide la....ur family wun get a single cent
alamak, look through your policies first.:doh:
after 1 or 2 years ok already.
Not many people know of this because they are not interested in the option : always hope for the best and prepare for the best.
Better to hope for the best and prepare for the worst. like business failure, investments gone wrong, etc, and how to get out of that situation. I am only the pawn, and you know what happens to the pawn.
.......
If you die a quick painless death from a CI that is not so bad. But if it is a long painful and lingering one then a CI policy will help heaps.
.............
I cannot take pain.
One tip: Carbon dioxide. small tanks available in aquarium shops.
Painless and still preserve my handsome face. :D
If want to go, better go while handsome and kids have fond memories of their papa.
Guys, I did my research :)
Anyway, that is my personal philosophy. We can differ and still keep discussion civil right? :cheers4:
Think better go back to discussion about property price going down. Lets respect the TS intentions.
that's where my thinking differs from others.
I am not interested in CI. I dont intent to go for treatment anyway. If kena one of the CI, life extended for a few years and still be miserable. If look at it from a 3rd party, the one kena CI make trouble for family only.
for the same amount premium:
If buy life + CI worth $1million
1) money from CI used to pay for medical treatment, the real beneficiary is doctors, they get to drive BMW, and family take bus.
1) take money from CI but not used for medical treatment, beneficiary is family, they drive only BMW, cannot do other things because only $1million payout.
if buy life worth $2million
1) my family drive BMWs, and additionally can buy properties because payout is $2million.
See the difference, the same amount of premium can be used to get bigger basic term life policies.
Since I dont go for CI, I make time for family now.
Dont spend time only when kena CI or on death bed and then regret not spending time with family when still healthy. That is pure BS.
yalah, I diversify by buying from different insurance companies.
U so silly. No 1 - medical insurance is cheap, relatively. Just buy n transfer The risk. Doc wanna charge, insurer have to pay. Y think of dying immediately?
No 2 silly. If ur wife is sick, will u let her die? Just because she wanna give u $$$ to drive BMW or stay in bigger or nicer house. Your family will sell everything to save u, vice versa.
Have some CI cover better than 0. come Singapore n sign up some international medical cover, it's cheap lah
where got inflation..
hair cut is now $1.00
alamak, look through your policies first.:doh:
after 1 or 2 years ok already.
Not many people know of this because they are not interested in the option : always hope for the best and prepare for the best.
Better to hope for the best and prepare for the worst. like business failure, investments gone wrong, etc, and how to get out of that situation. I am only the pawn, and you know what happens to the pawn.
I cannot take pain.
One tip: Carbon dioxide. small tanks available in aquarium shops.
Painless and still preserve my handsome face. :D
If want to go, better go while handsome and kids have fond memories of their papa.
Guys, I did my research :)
Anyway, that is my personal philosophy. We can differ and still keep discussion civil right? :cheers4:
Think better go back to discussion about property price going down. Lets respect the TS intentions.
If a person with CI is still young, it is worth to try all efforts to save his life at cost. I've a friend who have cancer when he's 30+. His weight goes from 80kg down to 50kg. He won the battle after going thru treatment. He is still alive & healthy today.
However for old folks, technology advancement is putting them & their families into delimma. I've seen my aunt in coma & stay in CCU for >6months. My cousins tried their best wanting her to recover but she didn't made it.
My parent was also hospitalized for few months before she passed away. To see the pain she has to goes through really breaks you down. Especillay when she mentioned severals time to stop her treatments as she has went through too much pain. It's really sad to see old folks suffer like this.
Frankly speaking, I know that they will not make it and it's just prolonging their lives and sufferings. When I'm at their age with CI, I wouldn't want to go the same if I have a choice. Don't get me wrong, I'm not referring to commit suicide.
The key words here is prolongling life & not recovery. You know it's only for a few more months and you're not living normally (bed ridden, can't talk, tubes and hole in throat for oxygen).
However, the doctors duties is to save life. Can we say no to treatments? That's the difficult part.
Apologies for going off topics. Just can't control my fingers.
Back to Basic
Morbid discussion but absolutely unavoidable for all... Just my thoughts. CI coverage is never for oneself but for the family members looking after you... so I guess it is necessary lor! :o
where got inflation..
hair cut is now $1.00'
where bro?
'
where bro?
My neighbourhood lowest also $3.50... will still go for my 45mins head, shoulders and back massage, hair cut and wash for $30.. tip abit can extend longer..cheaper than going for actual massage...
If I'm not mistaken, its somewhere in Hougang. Used to be $3.80 but heard that it has since gone down to $1 or something to completely kill off all competition. Crazy price! :doh:
'
where bro?
Marine Parade
next to OCBC
behind the bus stop
phantom_opera
03-11-11, 16:12
Sigh, Singaporeans are in general under-insured (no, it is not about whether premium is 1k, 10k or 100k but about what kind of insurance policies you need / how much coverage at a specific age given a specific condition)
:2cents:
Marine Parade
next to OCBC
behind the bus stopSo there are at least 2 barber in Singapore that provides $1 haircut... good to know! ;)
If I'm not mistaken, its somewhere in Hougang. Used to be $3.80 but heard that it has since gone down to $1 or something to completely kill off all competition. Crazy price! :doh:
As my friend always says 做死人！ competition havnt die, his fingers permanently disabled
As my friend always says 做死人！ competition havnt die, his fingers permanently disabledIt's his/her choice... LOL! :o
phantom_opera
03-11-11, 16:25
haircut is price elastic ... but bread/rice not, guess what bread is the following, price changes over time:
http://lh6.ggpht.com/post1gallery/SLkZZ2idCrI/AAAAAAAABrs/kyIc0LYHGmw/s800/20080830-bread-inflation-2.jpg
From property prices to CIs to barber prices. And I thought I've seen everything in this thread. I think some CI is good. It's something you hope you never have to use, but when you use it, there's a chance it's to give you more time for you to say good bye to your loved ones.
phantom_opera
03-11-11, 16:55
Very entertaining
http://www.ft.com/intl/cms/s/0/2975a480-0545-11e1-b8f4-00144feabdc0.html#axzz1cd9AoH5A
haircut is price elastic ... but bread/rice not, guess what bread is the following, price changes over time:
http://lh6.ggpht.com/post1gallery/SLkZZ2idCrI/AAAAAAAABrs/kyIc0LYHGmw/s800/20080830-bread-inflation-2.jpgSymmetrical, two facing left and two facing right. :o Collected over how many years or just different brands? :D
Different types of bread have different price leh.
phantom_opera
03-11-11, 19:26
same brand same type lah, otherwise why bother?
Didn't know you have a hobby of keeping these tags... speaking of which I also kept many... LOL! :)
rattydrama
03-11-11, 21:07
http://www.income.com.sg/insurance/LUV/premium.asp
term insurance where premium is cheap. max coverage is 200k only n you must be a union member. can just buy for additional coverage. includes CI.
A 1 cent possible stagnant property price consolidation for decent number of years aka sideways growth
Heres why:
Macro Trends:
See singstat
1990-1996: High inflation
1997-2009: Low inflation
2010: High inflation thereafter, upside.
Interest rate for home loans:
PPI moves inversely to interest rate for home loan. See streetsine.
Tied to US, we are likely to be inflated + low interest likely stay for decent number of years. SGD pegged mostly to USD. Record low interest rate + record high price which is why entry now is 50/50 wrong for a timeframe of many many more years.
Economic performance:
Likely to tank for doom and gloom theories. Trade comes from neighbors and China. How many double digit gdp growth for years to come?
Demand:
Every 2 years 1 MRT as evidence to support population growth till 2020.
A prolonged inflated period for young couples to buy property at 400ks level and 1000 psf mass market condominums.
What are chances property will drop back for PAP not to get reelected in 2015 with sea games for political reason. Inflation is upside.
Upside for no evidence of policy cutback on foreigners.
Upside for the long term due to capital flow and population accomdoation. Upside for 10 million people.
Supply:
The usual doom and gloom of so much empty flats and condos. Downside.
Population:
Resident population will have slower increase for next five years for people to accept the current property price. See singstat. Downside
Income:
Hit a record high of our income level versus property price. Downside.
Danger of asset bubbles within SEA:
Financial crisis will create downside of all of the above. Volatility is key only question of when.
rattydrama
03-11-11, 21:28
http://www.greateasternlife.com/sg/en/pdf/brochures/termassurance.pdf
http://www.greateasternlife.com/sg/en/pdf/brochures/termassurance.pdf
35 years female could be paying $840 or male $1152 annual premium for a 6 yr term.
Only fool seller sell his/her property at 60% discount... This is spore not states... You ve limited space here...
Few days back, just saw a TV advertisement for USA ppty. 5 ppty for US$200k (if I remember correctly):scared-1: . Did anybody see this advertisment?
Few days back, just saw a TV advertisement for USA ppty. 5 ppty for US$200k (if I remember correctly):scared-1: . Did anybody see this advertisment?
ya, very long Q to buy
:D Just curious, where is he from? :D
I'm also very curious, is "the one" a male or a female, married or still single?:D
I am as fearful of inflation as I am of correction. Central bankers are accepting higher inflation for the sake of economic recovery.
phantom_opera
03-11-11, 22:17
I am as fearful of inflation as I am of correction. Central bankers are accepting higher inflation for the sake of economic recovery.
bingo, ECB cut rate by 0.25%
so ECB cut 25 bp of interest rate...surprise to market with new Italian ECB chief....is good for Euro economy but no good for current Euro crisis....let see will he bring good or bad to Euro zone....
Euro already no money, borrow & beg everywhere, with this rate cut, more Euro will flow out, shortage of Euro will be greater now, harder to borrow now...luckily he cut 25, not 50 bp....
so Euro should be weaken & stock market normally go parallel with Euro strength, let see will stock market coming down later....
let see what Greece is voting for next month...In/out Euro? or austerity condition? suppose to be If in Euro, then accept condition....but they may split into 2 issues...many expect Greece PM to resign tonight...so far still holding...
EBC’s Draghi says eurozone economic outlook subject to ‘intensified downside risks’, ‘some of which are materializing’
November 3rd, 2011
Euro zone in near recession is for sure if not, they no need to cut rate, must be real bad now....
phantom_opera
03-11-11, 22:22
http://www.income.com.sg/insurance/LUV/premium.asp
term insurance where premium is cheap. max coverage is 200k only n you must be a union member. can just buy for additional coverage. includes CI.
i oso have ... but 200k not enough
After MF GLobal bankrupt due to Euro bond....
today 2nd US brokerage firm, Jefferies Group, halted due to Euro crisis....very likely to be next MF Global....
very nice....more to come.....
flagship74
03-11-11, 22:34
After MF GLobal bankrupt due to Euro bond....
today 2nd US brokerage firm, Jefferies Group, halted due to Euro crisis....very likely to be next MF Global....
very nice....more to come.....
yeah i agreed with you:scared-5:
i oso have ... but 200k not enough
http://www.income.com.sg/insurance/iTerm/index.asp
can have up to $3mil coverage.
I have Ntuc policy.
http://www.income.com.sg/insurance/iTerm/index.asp
can have up to $3mil coverage.
I have Ntuc policy.
Are NTUC policies still good? My impression is the current (after TKL) CEO has reduced the returns to policy holders.
Greece...no more referendum...what a joke....
tonight stock & currency market super volatile...anyhow swing...fun...
Inzaghi trim rates...markets rally.
No issue...
Greece...no more referendum...what a joke....
Haha, what a move. All these talks of referendum are just to force the hands of the oppositions to support the austerity measures. But i don't think the referendum is off the table yet. If the Greek oppostions don't want to play nice, things will get interesting.
Regarding ins, must buy best PA and hospitalization that covers as-charged. Then your opex is covered. Highest chance of death is PA. Plus got creative ways to claim..
Term/ life is the legacy u wan to leave, a nice to have. CI is to maintain lifestyle if kena. Mayb continue travel, have maid or as income if wife quit to care for u. If got saving, no need CI since its exp
so many wild cards until bulls and bears all confused. Sometimes, don't need to read into too many of this data points, take a step back and look at what all the central banks are doing.
Haha, what a move. All these talks of referendum are just to force the hands of the oppositions to support the austerity measures. But i don't think the referendum is off the table yet. If the Greek oppostions don't want to play nice, things will get interesting.G20 is twisting his right hand and his own people are twisting his left hand. Worse job to take today is to be Greece leader. Kana led only! :doh:
phantom_opera
04-11-11, 07:07
This thread should rename to "Interest rate everywhere is coming down fast" :tongue3:
I am surprised 'basic' can interpret this as negative .... a bear is always a bear :doh:
Lower interest rate = inflationary
This thread should rename to "Interest rate everywhere is coming down fast" :tongue3:
I am surprised 'basic' can interpret this as negative .... a bear is always a bear :doh:
Lower interest rate = inflationary
when time comes, I will change the thread title to " Spore porperty price is going to crash now"...time is not ripe yet....
why ECB cut rate?? because economy condition worsen....
more importantly, they beg for money now, you want money you should give higher rate with worsen condition...they cut rate instead, who want to lend them??......
this rate cut due to show colour by new chief, it will lead to ho lan eventually...:)
Greece 1 yr bond rate now 234%....2-3 weeks ago still 134%....
2 yrs bond rate is 107%....
so attractive, people still dare not buy, why??....
when all these lead to Euro gone case....world financial & economy crashing...spore with no resources, who care.....
Lower interest rate = inflationary
Well actually, lower interest rate at this point is moving us closer to stagflation which is bad.
This thread should rename to "Interest rate everywhere is coming down fast" :tongue3:
I am surprised 'basic' can interpret this as negative .... a bear is always a bear :doh:
Lower interest rate = inflationary
mid to long term, I am a bear...but short term, I am still a bull, that is what I replied to those nice one thru' PM with 2 dates to take note....
nothing for long term buy now...not yet....
haircut is price elastic ... but bread/rice not, guess what bread is the following, price changes over time:
http://lh6.ggpht.com/post1gallery/SLkZZ2idCrI/AAAAAAAABrs/kyIc0LYHGmw/s800/20080830-bread-inflation-2.jpg
Really good to see that the appreciating Sing Dollar is protecting us from inflation :doh:
Massive policy fail.
Must have bull and bear coexisting then can make the market. Otherwise, the market is just a vacuum.
G20 is twisting his right hand and his own people are twisting his left hand. Worse job to take today is to be Greece leader. Kana led only! :doh:
I feel sorry for Papandreou........ He inherited the mess made by previous government that showered gifts from heaven (bond buyers) onto the greek people against euro deficit requirement and his people don't seem to be able to understand why they are in the mess they are in :doh:
Greeks citizens have the money, look at number of private swimming pools
http://www.spiegel.de/international/europe/0,1518,709703,00.html
Really good to see that the appreciating Sing Dollar is protecting us from inflation :doh:
Massive policy fail.
a responsible govt, FD rate> inflation rate...this is a people govt, work for his people....look at Australia, rate is 4.5%, inflation is 3.5%....
China is not bad, at least try to meet, rate is 3.5%, inflation 6%...
Spore is rate 0.25%, inflation 5.5%....US works for wall st. only, but still better than spore, we are the super greedy one.....
so MAS keep claiming since many yrs back, strong S$ to fight inflation?? bullsh.it?? inflation keep moving up....we know actual is much higher than 5.5%...if I am not wrong, property price is not our inflation item....
they refuse to use interest rate to fight inflation....so their strong S$ fight inflation fail long ago...yet bo chap....they try super hard to twist by words, but reality don't cheat....they know...
strong S$?? S$ is weak compared to major currency in the world...AUD, YEN, Euro, RMB......shout only...
they will argue high interest will hurt ecoonomy, then hurt people...blah blah..hard truth?? we all know....
To each his own... actually it is opposite for me, to me CI is the only insurance that is worth taking.
If you die a quick painless death from a CI that is not so bad. But if it is a long painful and lingering one then a CI policy will help heaps.
Why begrudge the doctors for earning your medical expenses? It's like begrudging the barber earning your money for cutting your hair...
My father had an asmatic problem. His problem got worsen when the Indonesia burned the forest and causing S'pore air to be polluted. We went down to visit him on Saturday, he looked all right, still happily preparing dinner for us but Sunday morning he was gone. Life is really unpredictable.
My father had an asmatic problem. His problem got worsen when the Indonesia burned the forest and causing S'pore air to be polluted. We went down to visit him on Saturday, he looked all right, still happily preparing dinner for us but Sunday morning he was gone. Life is really unpredictable.
My condolences.
My condolences.
Thanks.:ashamed1:
Buying property is a form of insurance against inflation. Like term life. Hopefully, it gives returns when you sell. Buying fire, flood, theft insurance etc, is like buying CI for your property.
If you buy such CI insurance for your property, why not buy for yourself too?:beats-me-man:
a responsible govt, FD rate> inflation rate...this is a people govt, work for his people....look at Australia, rate is 4.5%, inflation is 3.5%....
China is not bad, at least try to meet, rate is 3.5%, inflation 6%...
Spore is rate 0.25%, inflation 5.5%....US works for wall st. only, but still better than spore, we are the super greedy one.....
so MAS keep claiming since many yrs back, strong S$ to fight inflation?? bullsh.it?? inflation keep moving up....we know actual is much higher than 5.5%...if I am not wrong, property price is not our inflation item....
they refuse to use interest rate to fight inflation....so their strong S$ fight inflation fail long ago...yet bo chap....they try super hard to twist by words, but reality don't cheat....they know...
strong S$?? S$ is weak compared to major currency in the world...AUD, YEN, Euro, RMB......shout only...
they will argue high interest will hurt ecoonomy, then hurt people...blah blah..hard truth?? we all know....
bernanke has never been since day 1 as FED chief....we know he said subprime was not an issue in 2006, then it collapsed...same to bear stern & lehman bros...also US economy, he was optimistic, then unemployment...
If you take him as main doctor for US economy, then all his medicine used are all wrong, he missed all opportunity to cure patient, instead delay him till now & waiting to die.....
same to his no rate hike till early 2013....
same to his no QE3 2 days ago....he thought of using this as last resort when Euro down & collapse....he will miss a good timing again.....
phantom_opera
04-11-11, 09:13
My father had an asmatic problem. His problem got worsen when the Indonesia burned the forest and causing S'pore air to be polluted. We went down to visit him on Saturday, he looked all right, still happily preparing dinner for us but Sunday morning he was gone. Life is really unpredictable.
My condolences .... i am sure you will miss his cooking
My father had an asmatic problem. His problem got worsen when the Indonesia burned the forest and causing S'pore air to be polluted. We went down to visit him on Saturday, he looked all right, still happily preparing dinner for us but Sunday morning he was gone. Life is really unpredictable.
take care.
My father had an asmatic problem. His problem got worsen when the Indonesia burned the forest and causing S'pore air to be polluted. We went down to visit him on Saturday, he looked all right, still happily preparing dinner for us but Sunday morning he was gone. Life is really unpredictable.
My deepest condolences....
AMD retrenchs 12% globally....
many retrenchment going on in HK now....Macquarie, Nomuro, Deutsche bank, RBS....many more....of course, HSBC will start his 3000 axe this month in HK & other places....
also swiss credit, UBS, Goldman sachs....
BNP few hundreds this month....
ING slashes 2000....
more to come.....
My father had an asmatic problem. His problem got worsen when the Indonesia burned the forest and causing S'pore air to be polluted. We went down to visit him on Saturday, he looked all right, still happily preparing dinner for us but Sunday morning he was gone. Life is really unpredictable.
I believe ur father is a happy man.
Dun be sad, Ur father is now living in a better world without haze.
life is unpredictable, so cherish with what and who u have
My father had an asmatic problem. His problem got worsen when the Indonesia burned the forest and causing S'pore air to be polluted. We went down to visit him on Saturday, he looked all right, still happily preparing dinner for us but Sunday morning he was gone. Life is really unpredictable.
sorry dont want to spoil the somber mood.
But are you the only child? if not, prepare yourself for the coming fight after the funeral.
HK paper report openly on retrenchment, property cut price...spore hide here & there, like thief & rat.....
below is only price, exclude SSD, commission, legal....
尚御貨尾劈價兩成
新盤競爭升級，發展商爭相促銷，代理透露，由美國基金持有的九龍塘尚御，昨減價10至20%推售，最低呎價僅約1.15萬元起，當中3座頂層連天台特色戶，呎價由原來約2.18萬元減至約1.75萬元，減幅達20%
栢景臺劈價賣平一成
樓市利淡氣氛持續，連一向叫價堅持的二手豪宅市場，亦現減價成交，天后栢景臺一個全海景樓王戶，在業主劈價百分之九後，以二千零八十萬元低市價一成易手
Sorry to learn about the passing of your Dad. My deepest condolences. Take Care.
My father had an asmatic problem. His problem got worsen when the Indonesia burned the forest and causing S'pore air to be polluted. We went down to visit him on Saturday, he looked all right, still happily preparing dinner for us but Sunday morning he was gone. Life is really unpredictable.
My father had an asmatic problem. His problem got worsen when the Indonesia burned the forest and causing S'pore air to be polluted. We went down to visit him on Saturday, he looked all right, still happily preparing dinner for us but Sunday morning he was gone. Life is really unpredictable.
Sorry for your loss. Hope the family and yourself are taking it well.
My father had an asmatic problem. His problem got worsen when the Indonesia burned the forest and causing S'pore air to be polluted. We went down to visit him on Saturday, he looked all right, still happily preparing dinner for us but Sunday morning he was gone. Life is really unpredictable.
OMG.The cooking fumes from Saturday's dinner killed him.:scared-5::scared-5::scared-5:.
blackjack21trader
04-11-11, 10:07
My father had an asmatic problem. His problem got worsen when the Indonesia burned the forest and causing S'pore air to be polluted. We went down to visit him on Saturday, he looked all right, still happily preparing dinner for us but Sunday morning he was gone. Life is really unpredictable.
Dear bro irisng, my condolence is with you. I can understand your feelings for your father as I myself is an asthmatic . Several weeks ago, I also had an ashmatic attack because of the forest fire.
I do believe your father is in a better place than us all now.
OMG.The cooking fumes from Saturday's dinner killed him.:scared-5::scared-5::scared-5:.
LOL ......LOL..... LOL..... :):) :)
phantom_opera
04-11-11, 10:36
sorry dont want to spoil the somber mood.
But are you the only child? if not, prepare yourself for the coming fight after the funeral.
hopeful, you should change your nick to "hope for nothing"
mid to long term, I am a bear...but short term, I am still a bull, that is what I replied to those nice one thru' PM with 2 dates to take note....
nothing for long term buy now...not yet....
bro basic, short term bull boost by what? so short term stock market chong, but medium housing market crash 50%? ?
last few post u highlighted doomsday scenario where ECB/EU got no options left and can only left to crash n burn..... then u share china come disturb and cause market to rally abit.
now u bullish short term in stock market? i enjoy reading your sharing, but now u seems to take a small shift in stance....
rattydrama
04-11-11, 10:41
http://www.income.com.sg/insurance/iTerm/index.asp
can have up to $3mil coverage.
I have Ntuc policy.
my info dated 2 years ago. NTUC's rate wasnt that attractive except LUV. But LUV capped at 200k so not good enough. Great Eastern rate is good for short term insurance say 5 or 10 years type just for the basic death including PA.
Tokyo marine generally gives you better rate of return for child education term insurance. base on historical, they nvr cut interest rate. its soemthing like pay for 5 yr at about 600 per month and u get 90k when he reach uni age...gauranteed + add non gauranteed. (stand to be corrected as need to check policy but should be something in this manner.)
hope this info helps and back to ppty.
rattydrama
04-11-11, 10:43
Greek PM abandons referendum on Greek debt plan
http://l3.yimg.com/bt/api/res/1.2/kjmVjizroQE0M3Nlej7hqQ--/YXBwaWQ9eW5ld3M7Zmk9Zml0O2g9Mjc-/http://media.zenfs.com/en_us/News/logo/ap/ap_logo_106.png (http://us.lrd.yahoo.com/SIG=116qami7o/EXP=1321584192/**http%3A//www.ap.org/)By ELENA BECATOROS and NICHOLAS PAPHITIS
phantom_opera
04-11-11, 10:49
[Basic (Scar):]
I know that your powers of retention
Are as wet as a warthog's backside
But thick as you are, pay attention
My words are a matter of pride
It's clear from your vacant expressions
The lights are not all on upstairs
But we're talking kings and successions
Even you can't be caught unawares
So prepare for a chance of a lifetime
Be prepared for sensational news
A shining new era
Is tiptoeing nearer
[Shenzi:]
And where do we feature?
[Basic (Scar):]
Just listen to teacher
I know it sounds sordid
But you'll be rewarded
When at last I am given my dues
And injustice deliciously squared
Be prepared!
[Spoken]
[Banzai:] Yeah, Be prepared.
Yeah-heh... we'll be prepared, heh.
...For what?
[Scar:] For the death of property king.
[Banzai:] Why? Is he sick?
[Scar:] No, fool-- we're going to kill him. And Singapore too.
[Shenzi:] Great idea! Who needs a property?
[Shenzi (and then Banzai):]
No property! No property! la--la-la--la-laa-laa!
[Scar:] Idiots! There will be a property king!
[Banzai:] Hey, but you said, uh...
[Scar:] I will be property king! ...Stick with me, and
you'll never go hungry again!
[Shenzi and Banzai:] Yaay! All right! Long live the king!
[All Hyenas:] Long live the king! Long live the king!
[Full song again]
[Hyenas: {In tight, crisp phrasing and diction}]
It's great that we'll soon be connected.
With a king who'll be all-time adored.
[Scar:] Of course, quid pro quo, you're expected
To take certain duties on board
The future is littered with prizes
And though I'm the main addressee
The point that I must emphasize is
You won't get a sniff without me!
So prepare for the coup of the century
(Oooh!)
Be prepared for the murkiest scam
(Oooh... La! La! La!)
Meticulous planning
(We'll have food!)
Tenacity spanning
(Lots of food)
Decades of denial
(We repeat)
Is simply why I'll
(Endless meat)
Be king undisputed
(Aaaaaaah...)
Respected, saluted
(...aaaaaaah...)
And seen for the wonder I am
(...aaaaaaah!)
Yes, my teeth and ambitions are bared
(Oo-oo-oo-oo-oo-oo-oo)
Be prepared!
[All:]
Yes, our teeth and ambitions are bared
Be prepared!
We shall have to wait till tonight. People may start offloading later today.
Greek PM abandons referendum on Greek debt plan
http://l3.yimg.com/bt/api/res/1.2/kjmVjizroQE0M3Nlej7hqQ--/YXBwaWQ9eW5ld3M7Zmk9Zml0O2g9Mjc-/http://media.zenfs.com/en_us/News/logo/ap/ap_logo_106.png (http://us.lrd.yahoo.com/SIG=116qami7o/EXP=1321584192/**http%3A//www.ap.org/)By ELENA BECATOROS and NICHOLAS PAPHITIS
What is this ???:D
and also this phrase:
[Scar:] No, fool-- we're going to kill him. And Singapore too
could we use ISA...property terrorist is here:):D
[Basic (Scar):]
I know that your powers of retention
Are as wet as a warthog's backside
But thick as you are, pay attention
My words are a matter of pride
It's clear from your vacant expressions
The lights are not all on upstairs
But we're talking kings and successions
Even you can't be caught unawares
So prepare for a chance of a lifetime
Be prepared for sensational news
A shining new era
Is tiptoeing nearer
[Shenzi:]
And where do we feature?
[Basic (Scar):]
Just listen to teacher
I know it sounds sordid
But you'll be rewarded
When at last I am given my dues
And injustice deliciously squared
Be prepared!
[Spoken]
[Banzai:] Yeah, Be prepared.
Yeah-heh... we'll be prepared, heh.
...For what?
[Scar:] For the death of property king.
[Banzai:] Why? Is he sick?
[Scar:] No, fool-- we're going to kill him. And Singapore too.
[Shenzi:] Great idea! Who needs a property?
[Shenzi (and then Banzai):]
No property! No property! la--la-la--la-laa-laa!
[Scar:] Idiots! There will be a property king!
[Banzai:] Hey, but you said, uh...
[Scar:] I will be property king! ...Stick with me, and
you'll never go hungry again!
[Shenzi and Banzai:] Yaay! All right! Long live the king!
[All Hyenas:] Long live the king! Long live the king!
[Full song again]
[Hyenas: {In tight, crisp phrasing and diction}]
It's great that we'll soon be connected.
With a king who'll be all-time adored.
[Scar:] Of course, quid pro quo, you're expected
To take certain duties on board
The future is littered with prizes
And though I'm the main addressee
The point that I must emphasize is
You won't get a sniff without me!
So prepare for the coup of the century
(Oooh!)
Be prepared for the murkiest scam
(Oooh... La! La! La!)
Meticulous planning
(We'll have food!)
Tenacity spanning
(Lots of food)
Decades of denial
(We repeat)
Is simply why I'll
(Endless meat)
Be king undisputed
(Aaaaaaah...)
Respected, saluted
(...aaaaaaah...)
And seen for the wonder I am
(...aaaaaaah!)
Yes, my teeth and ambitions are bared
(Oo-oo-oo-oo-oo-oo-oo)
Be prepared!
[All:]
Yes, our teeth and ambitions are bared
Be prepared!
rattydrama
04-11-11, 11:12
pis phantom_opera Dick Lee in the making?
:p :p :p
when time comes, I will change the thread title to " Spore porperty price is going to crash now"...time is not ripe yet....
why ECB cut rate?? because economy condition worsen....
more importantly, they beg for money now, you want money you should give higher rate with worsen condition...they cut rate instead, who want to lend them??......
this rate cut due to show colour by new chief, it will lead to ho lan eventually...:)
Greece 1 yr bond rate now 234%....2-3 weeks ago still 134%....
2 yrs bond rate is 107%....
so attractive, people still dare not buy, why??....
when all these lead to Euro gone case....world financial & economy crashing...spore with no resources, who care.....
Will Greece be forced to drop the Euro?
November 3rd, 2011
let see Greece PM resign today??....
save Greece or save Euro$?....
My father had an asmatic problem. His problem got worsen when the Indonesia burned the forest and causing S'pore air to be polluted. We went down to visit him on Saturday, he looked all right, still happily preparing dinner for us but Sunday morning he was gone. Life is really unpredictable.
Sorry to learn this. My deepest condolences.
devilplate
04-11-11, 11:47
basic been replying to himself:D
a responsible govt, FD rate> inflation rate...this is a people govt, work for his people....look at Australia, rate is 4.5%, inflation is 3.5%....
China is not bad, at least try to meet, rate is 3.5%, inflation 6%...
Spore is rate 0.25%, inflation 5.5%....US works for wall st. only, but still better than spore, we are the super greedy one.....
so MAS keep claiming since many yrs back, strong S$ to fight inflation?? bullsh.it?? inflation keep moving up....we know actual is much higher than 5.5%...if I am not wrong, property price is not our inflation item....
they refuse to use interest rate to fight inflation....so their strong S$ fight inflation fail long ago...yet bo chap....they try super hard to twist by words, but reality don't cheat....they know...
strong S$?? S$ is weak compared to major currency in the world...AUD, YEN, Euro, RMB......shout only...
they will argue high interest will hurt ecoonomy, then hurt people...blah blah..hard truth?? we all know....
this world is very funny....everywhere no money, bank, brokerage...bankrupt, retrenchment everywhere...country going to default, banks too very soon....unemployment so high everywhere, no jobs, no money to buy things....bad debt is so high, NPL loan too rising high inmany parts of the world....go to china, you will know how many factories closed down, unoccupied, empty factories.....
so high risk to do business, to loan out money due to bankrupt anytime......yet cut rate to loan money??....what will be the conseouences?? borrow new loan to repay old loan??....
let see how the music going to stop...coming soon....
punt punt....who know what will happen this weekend?......:)
flagship74
04-11-11, 12:41
basic been replying to himself:D
hehehe..:D
Borther Basic.....
Please....
I listen to you to sell all my properties and now you leave me i a lurch and do not want to tell me what to do????
Please HELP!!!!!!!!!!
Borther Basic.....
Please....
I listen to you to sell all my properties and now you leave me i a lurch and do not want to tell me what to do????
Please HELP!!!!!!!!!!
Brother CCR, you have eyes but you do see. you read but you dont understand.;)
Master Basic already tell you to keep cash in local Singapore banks and not other foreign banks in Singapore.
Holding cash is eaten by inflation, net loss 4% a year.
Holding property value drop by 50%, so hold cash still come out ahead.
Please go back to your meditation chamber and reflect on the Master's words.
Aiyo yo, so embarrassing leh. :o In fact, my father had passed away for more than 20 yrs, everything has gone back to normal. Times will erase part of the memory. Not that bad now. Anyway, thank you so much everybody for your console.
He is indeed a very good father.:p :) :p :)
Aiyo yo, so embarrassing leh. :o In fact, my father had passed away for more than 20 yrs, everything has gone back to normal. Times will erase part of the memory. Not that bad now. Anyway, thank you so much everybody for your console.
He is indeed a very good father.:p :) :p :)
if more than 20 years ago, haze from indonesia not so bad la. land clearing for plantation not in full gear yet. so the cooking fumes must be the culprit.:scared-1:
my info dated 2 years ago. NTUC's rate wasnt that attractive except LUV. But LUV capped at 200k so not good enough. Great Eastern rate is good for short term insurance say 5 or 10 years type just for the basic death including PA.
Tokyo marine generally gives you better rate of return for child education term insurance. base on historical, they nvr cut interest rate. its soemthing like pay for 5 yr at about 600 per month and u get 90k when he reach uni age...gauranteed + add non gauranteed. (stand to be corrected as need to check policy but should be something in this manner.)
hope this info helps and back to ppty.
What do you think about AIA Insurance? Thought of upgrading my current hospitalisation insurance to "as-charged" or should I change the insurance company?
if more than 20 years ago, haze from indonesia not so bad la. land clearing for plantation not in full gear yet. so the cooking fumes must be the culprit.:scared-1:
Alamat, I think I got it mixed up. My mother died on 02/02/1986 and my father died on 02/10/1994. So it was my mother who had died >20 yrs while my father >10 yrs. I'm so unfilial leh, cannot even remember which year they died off hand, have to refer to my diary, sign......:doh:
"The haze is back in Singapore, with the PSI in the unhealthy range. How would you cope? ... Before the 2006 haze situation, the last 3 big ones -- 1997, 1994, 1991 ..."
http://search.yahoo.com/search;_ylt=A0oGdXp347NO7CYA9tlXNyoA?p=singapore%20haze%20in%201994&fr2=sb-top&fr=ush1-finance
http://www.sgh.com.sg/about-us/newsroom/News-Articles-Reports/Pages/Hazehazards(TheStraitsTimes,.aspx
Alamat, I think I got it mixed up. My mother died on 02/02/1986 and my father died on 02/10/1994. So it was my mother who had died >20 yrs while my father >10 yrs. I'm so unfilial leh, cannot even remember which year they died off hand, have to refer to my diary, sign......:doh:
"The haze is back in Singapore, with the PSI in the unhealthy range. How would you cope? ... Before the 2006 haze situation, the last 3 big ones -- 1997, 1994, 1991 ..."
http://search.yahoo.com/search;_ylt=A0oGdXp347NO7CYA9tlXNyoA?p=singapore%20haze%20in%201994&fr2=sb-top&fr=ush1-finance
http://www.sgh.com.sg/about-us/newsroom/News-Articles-Reports/Pages/Hazehazards(TheStraitsTimes,.aspx
Case Study : http://library.thinkquest.org/C004470/Singapore.html
Brother CCR, you have eyes but you do see. you read but you dont understand.;)
Master Basic already tell you to keep cash in local Singapore banks and not other foreign banks in Singapore.
Holding cash is eaten by inflation, net loss 4% a year.
Holding property value drop by 50%, so hold cash still come out ahead.
Please go back to your meditation chamber and reflect on the Master's words.
I did not say keep cash in S$ in local bank....
I said there is nothing suitable for long term for now...
If you are skillfull, plenty of short term investment due to volatility these days....
If you read my earlier posting, S$ is not strong yet rate is super bad....
Tech sector in Taiwan, many already started unpaid leaves from now till next yr.....>20,000 of them....
on & off unpaid leaves from now on are much higher....
gobal 90% notebook, Ipad, mobilephone, smart phone, Xbox, PSP, Playstation....from Apple, HP, Dell, Sony, Toshiba, ASUS, Nokia, SE, HTC, Acer....are all designed & produced by Taiwanese.....
AMD global retrenchs 12% of total headcount....
many factories in China...if you move around Guangdong & ZheJiang...many empty, unoccupied....slowdown in global demand, high labour & material cost already impacted china manufacturing.....closed down, default, run road, bad debt, NPL...will accelearate in next few quarters.....
there is 2 semicon related companies in Spore retrenched a few hundreds employees last month....more retrenchment coming as Spore semicon & technology are no way to compete or compare to taiwan.....
I did not say keep cash in S$ in local bank....
I said there is nothing suitable for long term for now...
If you are skillfull, plenty of short term investment due to volatility these days....
If you read my earlier posting, S$ is not strong yet rate is super bad....
So essentially he means keep cash in bank lose money due to inflation - lose money, put in property will lose money in 2yrs time, do short term investments, at ur own risk *also lose money*, so in conclusion, u will lose money but at least u will not lose 30% of your property value since you sold yours already
No IMF, EFSF Participation In European Bailout: Merkel Says G20 Fails To Reach Agreement On IMF Resources, Nobody Wants Any Piece Of EFSF
(http://www.zerohedge.com/users/tyler-durden)
Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 11/04/2011 08:06 -0400
can keep talking buut cannot come out with detailed plan & implementation...
when market has no more patience....will just dump everything....next week we will see some action....time is running out....
German Chancellor Merkel says hardly any countries in G20 have said they will participate in the EFSF
all the PMI # in all Europe countries are su.cked....keep contracting, no sign of recovery.....with debt burden, make it much harder to return...
Italian bond market not taking comfort in IMF surveillance
By Jamie Coleman (http://www.forexlive.com/blog/author/jamie/) || November 4, 2011 at 13:40 GMT
|| 1 comment || Add comment (http://www.forexlive.com/blog/2011/11/04/italian-bond-market-not-taking-comfort-in-imf-surveillance/#comments)
Italian yields have spiked about 20 bp this morning, helping pressure EUR/USD.
The news that the IMF will be making quarterly visits to Rome to oversee the budget process apparently has not calmed investors. Perhaps it signals how bad the problem is…
many focus in Italy now....another one to go down like Greece, I don't think this country can take austerities yet already bankrupt....cut cut cut or default.....can mafia kuay kuay to oblige??.....
So essentially he means keep cash in bank lose money due to inflation - lose money, put in property will lose money in 2yrs time, do short term investments, at ur own risk *also lose money*, so in conclusion, u will lose money but at least u will not lose 30% of your property value since you sold yours already
say & twist what you like.....
Dear bro irisng, my condolence is with you. I can understand your feelings for your father as I myself is an asthmatic . Several weeks ago, I also had an ashmatic attack because of the forest fire.
I do believe your father is in a better place than us all now.
You have to take care of yourself too. I heard that for those people who suffer from asthma problem, the best is try to avoid hairy animals and soft toys.
say & twist what you like.....
twist & say what your twisted words as you like
twist & say what your twisted words as you like
only fools know will lose 30% in any investment, yet invest....
only fools buy property now....
Lagarde: IMF will not lend to EFSF
By Jamie Coleman (http://www.forexlive.com/blog/author/jamie/) || November 4, 2011 at 14:55 GMT
|| 2 comments || Add comment (http://www.forexlive.com/blog/2011/11/04/lagarde-imf-will-not-lend-to-efsf/#comments)
IMF lends to countries, not legal entities
china, brazil & Japan also will not lend to EFSF...where do they get money??....
why even Germany & France also refuse to put money into EFSF??....
why need to leverage?? no money...
why ECB cannot print?? because Germany will not allow any printing....
cannot print? nobody lending? how??....next 1-2 weeks, market will react....
only fools know will lose 30% in any investment, yet invest....
only fools buy property now....
Is the word "fools" your trademark?
Assume 2 scenarios
Advanced economies survive.
They have to export more to us.
Economy is rosy, inflation comes down. Stocks market up. No firesale for friend basic.
Advanced economies bankrupted
Every 2 years 1 MRT, open the gates to more spr and foreigners will cushion the economic shock of external problem. Everything hold by controlling supply since we have enough reserves. Decade of inflation about to stay. No firesale for friend basic.
If you cannot justify a SEA financial crisis, no firesale for you
You have to take care of yourself too. I heard that for those people who suffer from asthma problem, the best is try to avoid hairy animals and soft toys.
Good to invest in a quality hepa air purifier for your home, office and car as well. :)
http://app2.nea.gov.sg/psi_aircleaning.aspx
Assume 2 scenarios
Advanced economies survive.
They have to export more to us.
Economy is rosy, inflation comes down. Stocks market up. No firesale for friend basic.
Advanced economies bankrupted
Every 2 years 1 MRT, open the gates to more spr and foreigners will cushion the economic shock of external problem. Everything hold by controlling supply since we have enough reserves. Decade of inflation about to stay. No firesale for friend basic.
If you cannot justify a SEA financial crisis, no firesale for you
advanced economy export to us?? what?? nothing....unemployment at >20% for many yrs till today, getting worse...look at all their PMI, contracting to multi-yrs low now....continue to go down....no jobs, produce nothing, no business, export what to you??....
western world no jobs, no money, cut spending, cut budget, no demand....they don't buy, we also no need to produce....so retrench, close down, bankrupt.....why still need PR/FT/FW/foreigners?? instead at least send 50% of current one back.....if import more, then riots, unrest, dead bodies everywhere, reservoirs floating everyday, murder, kidnap, robbery, burglary.....police very busy lah.....this is spore....
fire sell....don't buy...fire fire sell...not interested...If like that our banks also bankrupt....
Is the word "fools" your trademark?
To show he is not a fool mah, only fools buy now, oly fools hold now.. so he warning those holding properties muz liquidate now or asap regardless at what price. Given the properties are droppin 20% or more, this should serve as a guideline otherwise we will buy from you? Maybe should consider selling ur main roof and rent instead since prices will drop soon???
Rising Sense Of Pessimism Over Asia-Pacific Growth - Survey
DJ Rising Sense Of Pessimism Over Asia-Pacific Growth - Survey
SINGAPORE (AFP)--The struggling U.S. economy and eurozone debt crisis have sparked a "growing sense of pessimism" about Asia-Pacific's economic growth in the next year, a regional think-tank said Friday.
Expectations for growth are at their lowest levels since the last global economic slump in 2008, said the Pacific Economic Cooperation Council, or PECC, in a report based on a survey of over 400 business executives, academics, central bankers and senior government officials.
"65% of respondents believe real GDP (gross domestic product) growth will be much weaker in the next twelve months compared to the previous year," PECC said.
Only 10% of respondents felt the region's economy will be stronger over the period, it added.
"Our annual survey of opinion leaders reflects the growing sense of pessimism about the economic outlook...The last time pessimism was this high was in 2008 just as the (previous) crisis was breaking," PECC said.
Slower U.S. economic growth, the eurozone debt crisis and energy security were the top risks to Asia-Pacific's economic growth according to the respondents.
"The rising sense of pessimism is consistent across the region, even though the outlook for large emerging market economies is somewhat more positive," the report said.
"Even in the case of China, the number of respondents expecting growth to slow down in China narrowly exceeds those who believe in a rosier outlook."
That's why pm lee worriedly says that this time may be worse than 2008.
1 more to downgrade soon...alghough has not confirm yet...but soon...
Austria denies rumors of sovereign downgrade
By Jamie Coleman (http://www.forexlive.com/blog/author/jamie/) || November 4, 2011 at 15:26 GMT
|| 0 comments || Add comment (http://www.forexlive.com/blog/2011/11/04/austria-denies-rumors-of-sovereign-downgrade/#comments)
There has been murmuring of this all morning. Nothing to see here, move along.
advanced economy export to us?? what?? nothing....unemployment at >20% for many yrs till today, getting worse...look at all their PMI, contracting to multi-yrs low now....continue to go down....no jobs, produce nothing, no business, export what to you??....
western world no jobs, no money, cut spending, cut budget, no demand....they don't buy, we also no need to produce....so retrench, close down, bankrupt.....why still need PR/FT/FW/foreigners?? instead at least send 50% of current one back.....if import more, then riots, unrest, dead bodies everywhere, reservoirs floating everyday, murder, kidnap, robbery, burglary.....police very busy lah.....this is spore....
fire sell....don't buy...fire fire sell...not interested...If like that our banks also bankrupt....
Well do consider my proposition carefully.
They are taking their time to recover. For political reason, many young people have bought properties at record high psf. For political reasons. Will prop drop till next election? Obviously not. If things within the SEA region is like what you say, why are foreigners not leaving. Why govt reject low land bid. To bid time for advanced economies to recover, inflation starts and last a decade if it has to. Which also means people like you tio priced out for a very long time. The messier they get the more you should fear. Why make yourself so miserable to spread doom and gloom. lol. Listen the sentence is called "priced out possiblity due to stagnant property growth." Then if you are right, chance of next low will be higher than previous low is rather high too.:doh:
Well do consider my proposition carefully.
They are taking their time to recover. For political reason, many young people have bought properties at record high psf. For political reasons. Will prop drop till next election? Obviously not. If things within the SEA region is like what you say, why are foreigners not leaving. Why govt reject low land bid. To bid time for advanced economies to recover, inflation starts and last a decade if it has to. Which also means people like you tio priced out for a very long time. The messier they get the more you should fear. Why make yourself so miserable to spread doom and gloom. lol. Listen the sentence is called "priced out possiblity due to stagnant property growth." Then if you are right, chance of next low will be higher than previous low is rather high too.:doh:
haha....so naive...just because young people buy high, then govt must make sure property price will not drop....then property price will forever not drop & moving higher....then why work so hard?? don't work, no money, how to push higher??....
land sales already closed at minimum bids now....very few developers bidding now, they know cash flow is very important now, once bad time is here, banks will squeeze them till bankrupt....coming soon....
be realistic...nobody want recession, retrenchment, default, bankrupt...but due to our greed, bubble burst, all these will happen...who wants war, nobody wants war does not mean war will not come....
no need to worry, just be patient, hold tight tight to your property & watch thing unfold in front of you in next 1-2 yrs.....
haha....so naive...just because young people buy high, then govt must make sure property price will not drop....then property price will forever not drop & moving higher....then why work so hard?? don't work, no money, how to push higher??....
land sales already closed at minimum bids now....very few developers bidding now, they know cash flow is very important now, once bad time is here, banks will squeeze them till bankrupt....coming soon....
be realistic...nobody want recession, retrenchment, default, bankrupt...but due to our greed, bubble burst, all these will happen...who wants war, nobody wants war does not mean war will not come....
no need to worry, just be patient, hold tight tight to your property & watch thing unfold in front of you in next 1-2 yrs.....
nah you are the one that is naive. So entertained reading your posts. We will see how it unfolds for next 2 years. Hope you get your 40% firesale wish
Basic
YES SIR! I think all of us heard your message loud & clear and is time for you to tell us when is the recovery or never...
Since you machiam predicting dooms day, there is no difference between buying and selling. I think u should buy one sentosa cove to enjoy b4 dooms hit your shore :D Thats wat we should be doing rather then worry too much. Bottomline dont commit blindly and be prepared:)
nah you are the one that is naive. So entertained reading your posts. We will see how it unfolds for next 2 years. Hope you get your 40% firesale wish
40%...not interested....:)
i be reciting it is back to basic if 2 years later I am still paying less than 1.5% interest rate
40%...not interested....:)
bro basic, u havnt enlighten me y the shift to short term bullish? Do u mind posting your short term bullish long term bearish view?
Wah, you are worms from my stomach? how you know I am doing that? Properties are not so liquid investment with high transaction costs, so don't trade like stocks. I rather sell all paper assets like shares & bonds & exchange cash to properties than hold that pieces of papers that can be printed at their whims & chimes! :doh:
People who has been holding the papers for 20 years will know how worthless they become as time goes by vs holding physical properties! :o
haha....so naive...just because young people buy high, then govt must make sure property price will not drop....then property price will forever not drop & moving higher....then why work so hard?? don't work, no money, how to push higher??....
land sales already closed at minimum bids now....very few developers bidding now, they know cash flow is very important now, once bad time is here, banks will squeeze them till bankrupt....coming soon....
be realistic...nobody want recession, retrenchment, default, bankrupt...but due to our greed, bubble burst, all these will happen...who wants war, nobody wants war does not mean war will not come....
no need to worry, just be patient, hold tight tight to your property & watch thing unfold in front of you in next 1-2 yrs.....
so how??.....
The Straits Times
PM Lee: This is worse than 2008 meltdown
Published on Nov 4, 2011
By Rachel Chang
CANNES - As an escalating debt crisis in Greece hung over the first day of the Group of 20 (G-20) nations summit in France, Prime Minister Lee Hsien Loong told G-20 leaders on Thursday that the European situation is a 'serious and volatile' one and on a bigger scale than the 2008 financial meltdown in the United States.
Speaking at the first working session of the Cannes summit over lunch, Mr Lee said that the risk of 'sudden and unpredictable' global contagion from the troubles in Europe is also higher.
Despite robust fundamentals and continued growth, Asian economies are already seeing the pullback of capital and the slowing of their exports to the West, he said.
He noted that political decision-making in the European Union - made up of 27 countries, of which 17 share a common currency - is more complex, and issued a call to the G-20 to show 'political leadership which is critical to solving economic problems'.
'Help people understand that we are in for a difficult period... and build political support for measures that involve some sacrifice today, but which will make things better eventually,' he urged.
Singapore is at the meeting of the world's leading economies for the second time as one of five invited guest countries, and Mr Lee said that he was sharing the thoughts of a 'small nation closely tied to both the advanced and developing world'.
The G-20, made up of 19 countries and the European Union, represents 85 per cent of global gross domestic product.
As world leaders descended on the French Riviera yesterday, political brinkmanship over the debt crisis in Greece threatened to hijack the proceedings.
Greece is not a member of the G-20. But Prime Minister George Papandreou's intention to put a 130 billion euro (S$227 billion) bailout plan to a national referendum kick-started a chain of events that led to European leaders making it clear that they saw the euro as more important than Greece's continued membership of the currency union.
'The medicine must not kill the patient'
The impasse dominated conversation among the G-20 throughout the day, and is likely to put progress on its original agenda - like the reform of the international monetary system - on the back burner.
PM Lee added his voice to those of other G-20 leaders in calling for an 'early and decisive solution - or else festering issues will affect the global economy'.
He said that there was a risk of prolonged stagnation and high long-term unemployment, and asked G-20 nations to consider additional measures to stave off such a scenario.
'Within the EU, Europeans must decide what to do. Globally, the International Monetary Fund should be strengthened to backstop the global system,' he said.
While measures to tackle banking and debt problems are inevitably contractionary, he said that a clear plan for growth is a fundamental part of the cure and the only sustainable way to reduce unemployment:
'Short-term pain is unavoidable, but the medicine must not kill the patient.'
Besides financial fixes to the immediate crisis, the world also needs structural reforms to raise long-term growth potential and create confidence.
Outlining how both advanced and developing economies can work together to create global growth, he said that 'tough choices are unavoidable'.
On the part of developed economies facing fiscal deficits, reform of social security systems and labour markets are needed, as well as investment in training and education to boost productivity.
For emerging market economies like those in Asia that can contribute to global demand, he suggested three measures: investment in infrastructure; increasing foreign direct investment and removing barriers to competition; and increasing exchange rate flexibility to 'help restructure and upgrade economies'.
Mr Lee sketched out a best-case scenario for the world economy, one where political leaders generate confidence that 'things are moving in the right direction':
'People believing that governments will do what is right for the long term. Businesses optimistic about future demand to spur private investments. Countries having faith that others will do their part and stay the course. Everyone confident that tomorrow will be better than today.'
He said that one thing all the countries around the table in Cannes have in common is that 'none can escape the problems which confront us all'.
'We all face domestic pressures, and must balance painful measures with soothing balm. We need bold action now, as the cost of inaction is higher down the road,' he said.
Speaking to The Straits Times separately, Insead professor of banking and finance Jean Dermine underlined the seriousness of the current euro zone crisis:
'What is a big difference this time around, compared to the US financial crisis in 2008, is that the economies around the world are slowing at the same time. Then, Latin America and Asia were booming, so that was helping the world economy. This is no longer the case.'
Wah, you are worms from my stomach? how you know I am doing that? Properties are not so liquid investment with high transaction costs, so don't trade like stocks. I rather sell all paper assets like shares & bonds & exchange cash to properties than hold that pieces of papers that can be printed at their whims & chimes! :doh:
People who has been holding the papers for 20 years will know how worthless they become as time goes by vs holding physical properties! :o
haha...many received sms....5 properties in US for US$200k....paper better or properties??....just 4 yrs ago, may worth US$1mil....
spore is different from USA due to limited land?? spore property crash 50-60% from 1996/7-2004/5...USA property surged >150% during this same period, so USA property no good??....USA is 1 of the best infrastructure country in the world, all asian country donate to build up US today.....
have paper money, no problem to live where you like.......have illiquid property, you are stucked...debt.....:)
so how??.....
The Straits Times
PM Lee: This is worse than 2008 meltdown
Published on Nov 4, 2011
By Rachel Chang
so how??.....9/2008, 6 months after lehman bros, spore property down 30%, if worse than 2008 means >30%...no more QE this time......>60%?....
with republican wining next US president next yr, Bernanke will be sacked....if Ron Paul be president, FED will be closed down.....:)
bro basic, u havnt enlighten me y the shift to short term bullish? Do u mind posting your short term bullish long term bearish view?
at least you read, sincere & not playing with words....
will PM you tomorrow....
so how??.....9/2008, 6 months after lehman bros, spore property down 30%, if worse than 2008 means >30%...no more QE this time......>60%?....
with republican wining next US president next yr, Bernanke will be sacked....if Ron Paul be president, FED will be closed down.....:)
Erm..you do know that Bernanke is a Republican and not a Democrat right?
Allthepies
05-11-11, 01:05
haha...many received sms....5 properties in US for US$200k....paper better or properties??....just 4 yrs ago, may worth US$1mil....
spore is different from USA due to limited land?? spore property crash 50-60% from 1996/7-2004/5...USA property surged >150% during this same period, so USA property no good??....USA is 1 of the best infrastructure country in the world, all asian country donate to build up US today.....
have paper money, no problem to live where you like.......have illiquid property, you are stucked...debt.....:)
Hi basic, I think we get ur point. Singapore is going into recession :cheers4:
To be safe, better keep paper money @ home, if bank collapse, u will be left only with a bank statement :D
The developers are already scared as they are rushing out launches after launches.
I have projected about over-supply in 2012 instead of 2013 (for rental purpose) since 1 year+ ago. This writer shares the same view now: http://www.todayonline.com/Business/Property/EDC111104-0000059/Supplies,-supplies,-supplies!
This is certainly not the time to buy pte condos for rental purpose, simply because the government's policies towards immigration has changed. I expect more tightening of immigration numbers in 2015 due to election in 2016, just about the time when even more condos (bought at the peak price this year) TOPs.
I expect slight market correction, but not at basic's market crash level. My confidence lies in the relationship between the property developers, banks, the government, and most important of all, the famiLee control over these entities.
To show he is not a fool mah, only fools buy now, oly fools hold now.. so he warning those holding properties muz liquidate now or asap regardless at what price. Given the properties are droppin 20% or more, this should serve as a guideline otherwise we will buy from you? Maybe should consider selling ur main roof and rent instead since prices will drop soon???
I wonder whether our govt also sell their ppty or not if not are they also "f....". :doh:
I wonder whether our govt also sell their ppty or not if not are they also "f....". :doh:
ha ha thats the million $$$ question....they dont sell property they sell land...;)
The developers are already scared as they are rushing out launches after launches.
I have projected about over-supply in 2012 instead of 2013 (for rental purpose) since 1 year+ ago. This writer shares the same view now: http://www.todayonline.com/Business/Property/EDC111104-0000059/Supplies,-supplies,-supplies!
This is certainly not the time to buy pte condos for rental purpose, simply because the government's policies towards immigration has changed. I expect more tightening of immigration numbers in 2015 due to election in 2016, just about the time when even more condos (bought at the peak price this year) TOPs.
I expect slight market correction, but not at basic's market crash level. My confidence lies in the relationship between the property developers, banks, the government, and most important of all, the famiLee control over these entities.
good info...;)
Composition of PRs coming into singapore may change to allow people who can bring money and investment opportunity who bring good jobs to residents of Singapore in the next few years.
The developers are already scared as they are rushing out launches after launches.
I have projected about over-supply in 2012 instead of 2013 (for rental purpose) since 1 year+ ago. This writer shares the same view now: http://www.todayonline.com/Business/Property/EDC111104-0000059/Supplies,-supplies,-supplies!
This is certainly not the time to buy pte condos for rental purpose, simply because the government's policies towards immigration has changed. I expect more tightening of immigration numbers in 2015 due to election in 2016, just about the time when even more condos (bought at the peak price this year) TOPs.
I expect slight market correction, but not at basic's market crash level. My confidence lies in the relationship between the property developers, banks, the government, and most important of all, the famiLee control over these entities.
phantom_opera
05-11-11, 08:57
Where is Stalingrad? Basic is his proxy?
good info...;)
I hv followed Ku Swee Yong for a couple of years, his public speaking and interviews, articles etc.
It will be good for u to find out his past calls and assess accordingly.
Hi basic, I think we get ur point. Singapore is going into recession :cheers4:
To be safe, better keep paper money @ home, if bank collapse, u will be left only with a bank statement :D
recession yes, property down >50% in 2-3 yr time, yes....
but keep paper money at home or bank collapse...not from me...
but our 3 local banks, with >60% of total banks are property-related...yet the interest spread of 1% for deposit & housing loan is totally disastrous & commit suicide themselves....so they deserve to bankrupt, they are kidnapping our taxpayers money now....
global standard for the spread is 4%....expenses for bank to maintain for spore standard is minimum 2.5%....I don't believe their quarterly result...let wait for recession, all the worms will be out....
If they need to go bankrupt, let it be....no reasons for any bailout, be responsible for their own act, now they do it, don't expect any rescue when problem explode, instead mangement should go to jail for life.....:)
phantom_opera
05-11-11, 10:37
When the completions of HDB and mass market condominiums swamp us in 2012 to 2015, we may end up paying for today's excesses, unless the doors to foreigners open wide again like in 2006 to 2008.
=> condo supply agree, where is the excessive HDB completion?
Where is Stalingrad? Basic is his proxy?
so many such stupid specultion in this thread....
only interested in personal rubbish....
Composition of PRs coming into singapore may change to allow people who can bring money and investment opportunity who bring good jobs to residents of Singapore in the next few years.
with 1.3million of chineses & indian PR/FT/FW in sporenow...these uncuvulised, numb, aggressive, crooks, money-only.....mixture of these characteristics...welcome more...another millions will be nice....
spore will divide....1 nation, 1 people, 1 singapore already died.....:)
中原深圳裁千人60分行停業
內地限購令窒礙物業成交，代理僧多粥少情況日趨嚴重，深圳中原日前決暫停其中60間分行運作，並裁減約1,000名從業員，從業員人數減至約7,000人
this is a medium size property agent in china, just Shenzhen 1 agent alone cut 1000 people, 12% down....all over china, easily 15-20 millions of property agent...if you walk around shanghai now, can see many property agent closed shops, agents left shanghai & back to hometown...many 3 months can't even close 1 deal, basic not even enough to pay rental....
easily 2 millions of agent out of jobs....tons of manufacturing also stops...let see how it affect property price& rental eventually....basically super quiet proerty market yet stringent cooling measures will not loosen for next 2yrs as Wen jiabbao had said recently......
Did anyone see the article on how the sole bid for a piece of land was rejected. Too cheap cannot! Haha.
Allthepies
05-11-11, 11:07
Did anyone see the article on how the sole bid for a piece of land was rejected. Too cheap cannot! Haha.
Is it the the uol bid? I was looking at uol stock, hee hee
Is it the the uol bid? I was looking at uol stock, hee hee
Yes. It was some joint bid.
摩根士丹利 按息可能達5厘。若按息升200個基點，或收入跌15%，負擔能力比率會由目前的50%升至60%，住宅樓價要跌15%
巴克萊資本 若未來經濟 (http://ad1.on.cc/phpAdsNew/adclick.php?bannerid=41715)「軟着陸」，一二至一三年住宅樓價將跌25%至30%
高盛 看淡未來12至18個月本港樓市
大摩降中銀評級
大摩解釋，現時銀行按揭業務的息差約1.6%，惟資金成本卻不斷上漲，即使新做按揭息率上升至5%，至明年底銀行按揭的平均收益率亦僅為2.8%，但是資金成本卻高達2.2%，故息差只有60點子。
so HK housing loan rate moves towards 5% soon....
breakeven spread is 2.2%.....our local banks spread is only 1%...in deep losing business, they want to commit suicide, let them die.....
Bank of china kena downgraded due to 1.6% spread....why S&P or moody or Morgan stanly did not downgrade all 3 local banks??.....should be junk grade....
with HK at higher interest rate, global funds will flow to HK instead of spore, will dry up spore funds unless they raise rate....with S$ weaken compared to RMB, AUD, Euro or even US$ now to $1.26-7 from $1.2, 1-2 months ago....more funds will be flowing out instead....
Banks pay depositors 0.25% or less for most deposits and charge loans at about 1+%. How I wish I was a bank.
Did anyone see the article on how the sole bid for a piece of land was rejected. Too cheap cannot! Haha.
same to China....Fushan, near Guangzhou, only 1 bid from Li KaShing, S$80 psf for commercial land....take it at any bid price you want....real desperate...
Nanjing, land bidding, zero bidders....
all local govt no money....sell land no buyers now.....:)
Banks pay depositors 0.25% or less for most deposits and charge loans at about 1+%. How I wish I was a bank.
US banks pay depositors 0.25%, charge housing loan at 4.5-5.5%....this is business.....ours is losing money & commit suicide.....let it be, karma will come....:)
same to China....Fushan, near Guangzhou, only 1 bid from Li KaShing, S$80 psf for commercial land....take it at any bid price you want....real desperate...
Nanjing, land bidding, zero bidders....
all local govt no money....sell land no buyers now.....:)
Good lah. Don't need to overbuild. Digest the inventory thoroughly more healthy for longer term.
phantom_opera
05-11-11, 11:40
Lks and liew mun Leong both bought lands in china, good move
Did anyone see the article on how the sole bid for a piece of land was rejected. Too cheap cannot! Haha.
UOL was sole bidder and they bid at a price that is 35% lower than previous market price. If it went thru it will mean a 35% market correction. Of cos URA will reject it hehe.
UOL was sole bidder and they bid at a price that is 35% lower than previous market price. If it went thru it will mean a 35% market correction. Of cos URA will reject it hehe.
so UOL expects market to correct down 35% in next 2-3 yrs......
UOB Kay Hian already put in their report...spore property price is on the way down fast.....:)
Is the word "fools" your trademark?
If you ever had been on channelnewsasia forum you will have seen one guy who is now banned who always fools this fools that....
And end post with :) :)
Got Malay name alam
摩根士丹利 按息可能達5厘。若按息升200個基點，或收入跌15%，負擔能力比率會由目前的50%升至60%，住宅樓價要跌15%
巴克萊資本 若未來經濟 (http://ad1.on.cc/phpAdsNew/adclick.php?bannerid=41715)「軟着陸」，一二至一三年住宅樓價將跌25%至30%
高盛 看淡未來12至18個月本港樓市
大摩降中銀評級
大摩解釋，現時銀行按揭業務的息差約1.6%，惟資金成本卻不斷上漲，即使新做按揭息率上升至5%，至明年底銀行按揭的平均收益率亦僅為2.8%，但是資金成本卻高達2.2%，故息差只有60點子。
so HK housing loan rate moves towards 5% soon....
breakeven spread is 2.2%.....our local banks spread is only 1%...in deep losing business, they want to commit suicide, let them die.....
Bank of china kena downgraded due to 1.6% spread....why S&P or moody or Morgan stanly did not downgrade all 3 local banks??.....should be junk grade....
with HK at higher interest rate, global funds will flow to HK instead of spore, will dry up spore funds unless they raise rate....with S$ weaken compared to RMB, AUD, Euro or even US$ now to $1.26-7 from $1.2, 1-2 months ago....more funds will be flowing out instead....
why Bear Stern, Lehman bros & hundreds of US banks bankrupt in 2008 subprime crisis?? due to bad subprime property loan.....
our is not subprime, but subprime rate is much much better than our 1% rate spread, still bankrupt...once recession comes, most loan will turn sour, result is the same....real irresponsible bankers.....
>100 US banks bankrupt in 2008/9....ours is only 3.....:)
If you ever had been on channelnewsasia forum you will have seen one guy who is now banned who always fools this fools that....
And end post with :) :)
Got Malay name alam
haha...go & read thru' this thread.....who is the 1st one to post 'fool' in this thread...not basic.....
I just reply accordingly....:)
devilplate
05-11-11, 12:17
tons in strait times classified & propertyguru....go & ask for it, you will get, 10-20%...
I sold what I need to...only fools still keep now....in next 1-2 yrs, you will know....:)
split personality or confused kid?
LOL:D :D :47: :cheers3: :cheers1:
split personality or confused kid?
LOL:D :D :47: :cheers3: :cheers1:
haha...not so complicated as you....play with words, siao kia....
no knowledge only depend on bro here bro there...haha....
:):)
devilplate
05-11-11, 12:28
haha...not so complicated as you....play with words, siao kia....
no knowledge only depend on bro here bro there...haha....
:):)
i am truly amazed:D
recession yes, property down >50% in 2-3 yr time, yes....
but keep paper money at home or bank collapse...not from me...
but our 3 local banks, with >60% of total banks are property-related...yet the interest spread of 1% for deposit & housing loan is totally disastrous & commit suicide themselves....so they deserve to bankrupt, they are kidnapping our taxpayers money now....
global standard for the spread is 4%....expenses for bank to maintain for spore standard is minimum 2.5%....I don't believe their quarterly result...let wait for recession, all the worms will be out....
If they need to go bankrupt, let it be....no reasons for any bailout, be responsible for their own act, now they do it, don't expect any rescue when problem explode, instead mangement should go to jail for life.....:)
The banks are smart. The interest rate for the saving and fixed deposit accounts is low, that's why they can afford to offer a low housing loan rate. With a person just putting $100 in the bank, with the population now, can you imagine how much money the banks have. Even for 1 cts, nobody even bother about it, but if you combine all the 1 cts from millions of people, you can imagine how much you will get.:cool:
give you a tip below, luckily STI close on next Monday...
CME raise margin maintenance, just announced few hours ago....that means hundreds of thousands of margin calls, top up of hundreds of US$Bil needed next Monday or close positions...next week can see oil, gold, commodity & metal...drop big way...decide your own action....
Stock will also drag down big way next week.....let see....
CME Goes To Collateral DefCon 1: Makes Maintenance Margin Equal To Initial For... Everything!?
(http://www.zerohedge.com/users/tyler-durden)
Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 11/04/2011 21:20 -0400
The most important news announcement of the day was not anything to came out of Cannes (as nothing did), nor from Greece (the merry go round farce there continues unabated). No, it was a brief paragraph distributed by the CME long after everyone had gone home, and was already on their 3rd drink. It is critical, because not only is this announcement a direct consequence of what happened with MF Global several days ago, but because also it confirms one of our biggest concerns: systemic liquidity is non-existanet. We confirmed interbank liquidity in Europe was at an all time low earlier (http://www.zerohedge.com/news/behind-scenes-european-panic-interbank-liquidity-worst-level-ever)today, and can only assume the same is true for US banks. But what is very disturbing is that this is just as true at the exchange level, where it appears the aftermath of the MF collapse is just now being felt. What exactly was the announcement. Unless we are completely reading it incorrectly, it is nothing short of a margin call for tens if not hundreds of billions worth of product. Because as of close of business on November 4, today, the CME just made the maintenance margin, traditionally about 26% lower than the initial margin for specs, equal. For everything. Which means that by close of business Monday, millions of options and futures holders will be forced to deposit billions in additional capital to the CME just so they are not found to be margin deficient, and thus receive a margin call. Naturally, since it is very unlikely that this incremental amount of liquidity can be easily procured in one business day, we anticipate the issuance of hundreds of thousands of margin calls Monday, followed by forced liquidations of margin accounts across America... and the world. Just like when Lehman blew up, it took 5 days for Money Markets to break. Is this unprecedented elimination in the distinction between initial and maintenance margin the post-MF equivalent of the first domino to fall this time around?
If you ever had been on channelnewsasia forum you will have seen one guy who is now banned who always fools this fools that....
And end post with :) :)
Got Malay name alam
Oh, so he got banned there and then come here to "argue" with people, hoping that people will accept his views. Is it that there is no one to talk to him at home that he needs to come here and find people to talk. It looks like he is enjoying the argument leh. 真是服了他.
I had a sec school classmate, whenever teacher was not around, she would stand in front of the class and started talking non-stop. When we asked her why was she so talkative, she said that because she didn't talked much at home, a well-behaved child. :doh:
so UOL expects market to correct down 35% in next 2-3 yrs......
UOB Kay Hian already put in their report...spore property price is on the way down fast.....:)
ya so UOL wanna trigger "correction" of 35% but garment wont let it :)
in bad times garment will also cease all land sales as witnessed in the 08 downturn.
Oh, so he got banned there and then come here to "argue" with people, hoping that people will accept his views. Is it that there is no one to talk to him at home that he needs to come here and find people to talk. It looks like he is enjoying the argument leh. 真是服了他.
I had a sec school classmate, whenever teacher was not around, she would stand in front of the class and started talking non-stop. When we asked her why was she so talkative, she said that because she didn't talked much at home, a well-behaved child. :doh:
I kind of liked him over there even though he is kinda grumpy guy.
Tended to be right more than wrong - just did it in grumpy way.
I'm ok with that - my skin not so thin and always good to ge different perspective.
I remember this forum right before the crash in 2008 everyone back slapping , shout down any that say us subprime can affect Singapore etc....
Beware when you find yourself bleating with rest of the flock. You may not notice that you stopped thinking for yourself & transformed into a sheep.
I think we are in for some interesting times........
Allthepies
05-11-11, 13:37
ya so UOL wanna trigger "correction" of 35% but garment wont let it :)
in bad times garment will also cease all land sales as witnessed in the 08 downturn.
Or u can put it this way, uol is smart to bid when no one want to buy anymore. This is how u make the most $$$$. Of course the government is smarter, they won't want to release land below value
Composition of PRs coming into singapore may change to allow people who can bring money and investment opportunity who bring good jobs to residents of Singapore in the next few years.
Tougher times ahead. Companies r putting a break to expansion due to manpower shortfall. Planned investments r in neighbouring countries. Govt has warned abt slower growth ahead. It will more apparent in 2-3 years' time from e impact of e recent immigration policy.
devilplate
05-11-11, 14:39
I kind of liked him over there even though he is kinda grumpy guy.
Tended to be right more than wrong - just did it in grumpy way.
I'm ok with that - my skin not so thin and always good to ge different perspective.
I remember this forum right before the crash in 2008 everyone back slapping , shout down any that say us subprime can affect Singapore etc....
Beware when you find yourself bleating with rest of the flock. You may not notice that you stopped thinking for yourself & transformed into a sheep.
I think we are in for some interesting times........
It really depend which camp of the flock u r with isnt it....
At any one time there r always 3 camps....bear bull and neutral
During early 09, i m the only one bullish n buying in my own real world....all my frens tot i ki siao
It really depend which camp of the flock u r with isnt it....
At any one time there r always 3 camps....bear bull and neutral
During early 09, i m the only one bullish n buying in my own real world....all my frens tot i ki siao
You were saved by QE 1+2, which din really solve the problem. The chickens are coming home to roost soon.
It really depend which camp of the flock u r with isnt it....
At any one time there r always 3 camps....bear bull and neutral
During early 09, i m the only one bullish n buying in my own real world....all my frens tot i ki siao
Nothing argues like success ;).
You become the property guru your friends turns to now?
You so confident that Singapore 3 local banks min spread must be 2.5% else they are losing money and hence you believe their quarterly result which are still showing good profits got worms inside? Why not you show proof? Otherwise that amounts to slandering of the reputation of the 3 banks and their CEOs & CFOs & Board of Directors! :doh:
recession yes, property down >50% in 2-3 yr time, yes....
but keep paper money at home or bank collapse...not from me...
but our 3 local banks, with >60% of total banks are property-related...yet the interest spread of 1% for deposit & housing loan is totally disastrous & commit suicide themselves....so they deserve to bankrupt, they are kidnapping our taxpayers money now....
global standard for the spread is 4%....expenses for bank to maintain for spore standard is minimum 2.5%....I don't believe their quarterly result...let wait for recession, all the worms will be out....
If they need to go bankrupt, let it be....no reasons for any bailout, be responsible for their own act, now they do it, don't expect any rescue when problem explode, instead mangement should go to jail for life.....:)
Agents have made enough in the last few years of boom. Can enjoy now.
中原深圳裁千人60分行停業
內地限購令窒礙物業成交，代理僧多粥少情況日趨嚴重，深圳中原日前決暫停其中60間分行運作，並裁減約1,000名從業員，從業員人數減至約7,000人
this is a medium size property agent in china, just Shenzhen 1 agent alone cut 1000 people, 12% down....all over china, easily 15-20 millions of property agent...if you walk around shanghai now, can see many property agent closed shops, agents left shanghai & back to hometown...many 3 months can't even close 1 deal, basic not even enough to pay rental....
easily 2 millions of agent out of jobs....tons of manufacturing also stops...let see how it affect property price& rental eventually....basically super quiet proerty market yet stringent cooling measures will not loosen for next 2yrs as Wen jiabbao had said recently......
rattydrama
05-11-11, 17:16
What do you think about AIA Insurance? Thought of upgrading my current hospitalisation insurance to "as-charged" or should I change the insurance company?
on/off I did some comparision over different period. The impression I had was premiums/coverage not competitive. But again, if you have already stick with them for sometimes dont change as the new policy could be worst off cos of the fine print.
for eg.in the early days CI would include any kind of cancers so long as it has been diagnosed as cancer. Policies that was signed in the last 10 years will have more fine print :D as these prints were slowly included based on insurance co claim experiences. Therefore the criteria to make a claim is more difficult to meet for the policy holder if you suey suey strike those minor ones ...maybe out of 100% only 50% due to the conditions attached.
So I dont really terminate my policy old, the older the better...I think u can even do a top up of your old policy if u wan to increase yr sum assured.
these days i only buy term policy and education policy.
why Bear Stern, Lehman bros & hundreds of US banks bankrupt in 2008 subprime crisis?? due to bad subprime property loan.....
our is not subprime, but subprime rate is much much better than our 1% rate spread, still bankrupt...once recession comes, most loan will turn sour, result is the same....real irresponsible bankers.....
>100 US banks bankrupt in 2008/9....ours is only 3.....:)
Okay, maybe it's just me but i'm under the impression if the rates here are lower, meaning cheaper for the borrowers (the common folks), it's more likely that they are able to continue paying the monthly mortgage instead of defaulting even during times of turmoil.
You so confident that Singapore 3 local banks min spread must be 2.5% else they are losing money and hence you believe their quarterly result which are still showing good profits got worms inside? Why not you show proof? Otherwise that amounts to slandering of the reputation of the 3 banks and their CEOs & CFOs & Board of Directors! :doh:
He don't believe their quarterly result?? The accusations are degenerating to nothing more than personal opinions rather than factually substantiated.
URA throw out the bid on Paya Lebar....
Govt also does not want to sell cheap as well
good good good
URA throw out the bid on Paya Lebar....
Govt also does not want to sell cheap as well
good good goodIs there a statistic to back this theory that the number of govt land sales during recession times vs during bloom times? Govt will not want to sell land low. They'll just keep the land and sell at a higher price later? :(
devilplate
05-11-11, 20:40
Nothing argues like success ;).
You become the property guru your friends turns to now?
tats not wat i m trying to say.....
Anyway lately i am the 'bear' among the bull....whahahah
phantom_opera
05-11-11, 20:57
Is there a statistic to back this theory that the number of govt land sales during recession times vs during bloom times? Govt will not want to sell land low. They'll just keep the land and sell at a higher price later? :(
The government has the responsibility to ensure government land is sold at fair price :p
The government has the responsibility to ensure government land is sold at fair price :pWhat is fair? Who determines fairness? Fair to home buyers or developers or govt? If fair, then don't always award tender to highest bidder. Give to the one who can value add as well as the one who can sell reasonably to home buyers... LOL! :mad:
What is fair? Who determines fairness? Fair to home buyers or developers or govt? If fair, then don't always award tender to highest bidder. Give to the one who can value add as well as the one who can sell reasonably to home buyers... LOL! :mad:
of cos the yardstick shld be based on - fair to govt. afterall the govt represents the will of the majority that voted them in. :)
What is fair? Who determines fairness? Fair to home buyers or developers or govt? If fair, then don't always award tender to highest bidder. Give to the one who can value add as well as the one who can sell reasonably to home buyers... LOL! :mad:
One needs to understand
Govt sells cheap does not equate to u can buy cheap
The developers are even more greedy than the Govt....at least, Govt takes care of the infra, health care, welfare..education etc....
One needs to understand
Govt sells cheap does not equate to u can buy cheap
The developers are even more greedy than the Govt....at least, Govt takes care of the infra, health care, welfare..education etc....
agree. if you want even more fairness, then everything should be coordinated by HDB, prices dictated by them and private developers become their main contractors, period.
One needs to understand
Govt sells cheap does not equate to u can buy cheap
The developers are even more greedy than the Govt....at least, Govt takes care of the infra, health care, welfare..education etc....That's what I'm trying to say. If govt always award tender to the highest bidder, then they are getting the best possible deal available to them and down the line, the price will be :scared-1: when it finally reaches the buyers... Since developers' greed cannot be completely controlled and kept in check by govt, they can at least try not to always give to the highest bidder... :scared-3:
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