Property price is coming down fast

[thomastansb]

DP is not a liar. The best of both world is to hold both. I have already sold those with bigger profit and keep those bought recently to generate rental. You don't sell all, but you don't buy all. The higher it goes, the more I sell. the lower it goes, the more I buy.

big liar....

with tons of cash now, rent also not bad....ask owner to renovate nicely, change all new furnitures....if not, go for next 1, tons around.....
tekkan them shiok shiok.....call & complain if nothing to do....
or fly around, stay hotel, resort....freelance to do your job anywhere....no worry.....
whatever, just one's lifestyle....

[basic]

with tons of cash now, if one have 7 properties , fully paid for, property prices correct 90%, no one to rent to, every day change place to sleep.no worry.....
whatever, just one's lifestyle...

your head got problem? if down 90%, justuse 10% to buy back 10 liao...instead of 7.....
nasty lai, nasty ki....already in this state....haha....

[proud owner]

Ha ha ha! In fact, I bought cheap cheap from a group of bankers in 2009! These bankers good time spend and spend, poor time income cut short and have not enough money to last for more than 1 year, no choice have to sell lor! And worse still, no other buyer willing to offer the price I offer them and hence no choice but to sell me lor. The rest is history.
The talk as though bankers are the best investors are like

nice one ...

you are the best


maybe that group of bankers bought in 2006/7 ? and sold to you in 2009 ?

in any case ... my friends started selling this yr .. so 2009 .. thats probably another group ...taking profit on you

thanks

[basic]

DP is not a liar. The best of both world is to hold both. I have already sold those with bigger profit and keep those bought recently to generate rental. You don't sell all, but you don't buy all. The higher it goes, the more I sell. the lower it goes, the more I buy.

cheap talk....self-claimed....

[SpinCity]

Why based on 20% downpayment means property not mine anymore? Even now, most properties rental income is more than sufficient to pay instalment and all expenses and still left extra cash. Even if no rental income, anybody would have set aside 1 year of instalment money to tie them over. Why must sell to bank or anybody else? Only idiots then don't practise proper money management! Don't understand why there are so many people who like to treat others as though they are idiots (and conversely want to portray themselves to be the "saint")!

This discussion was started with a comment saying "with 20% down payment, once the price drop by 20%, the property is gone"
Banks can call for top up or repayment if the valuation drops at their sole discretion.
it is as a simple statement as it is, nothing to do with money management
If you don't have money to top up, the property is no longer yours
if you have extra cash to top up or repay the loan, it is no longer the "20% down payment" at the beginning

[thomastansb]

Whatever.. Mr. 80,000.

cheap talk....self-claimed....

[teddybear]

I bought at a price lower than what they bought at new launch, and they carry the baby for more than 2 years before passing over to me completely new new!

nice one ...

you are the best


maybe that group of bankers bought in 2006/7 ? and sold to you in 2009 ?

in any case ... my friends started selling this yr .. so 2009 .. thats probably another group ...taking profit on you

thanks

[basic]

heard latest land sales, price down 30-40%....wait for confirmation...

bull will jump in, low land price does not mean low property price....that is why no need to argue...time will tell how property will crash in 1-2 yrs time...
then bull will say, not 2-3 yrs time liao??....

open your eyes big big...2-3 yrs time down>50%....haha....fun....

[basic]

Whatever.. Mr. 80,000.

childish boy....

[devilplate]

heard latest land sales, price down 30-40%....wait for confirmation...

bull will jump in, low land price does not mean low property price....that is why no need to argue...time will tell how property will crash in 1-2 yrs time...
then bull will say, not 2-3 yrs time liao??....

open your eyes big big...2-3 yrs time down>50%....haha....fun....

alice in the wonderland hahaha

[proud owner]

I bought at a price lower than what they bought at new launch, and they carry the baby for more than 2 years before passing over to me completely new new!

really ?

thats impressive ...

which project may we know ?
and what psf for what size ?

[teddybear]

In my whole life, I never heard of any local banks ask for top-up when you pay your instalments faithfully (even if your properties valuation is below mortgage loan), NEVER!
The 3 local banks had previously in 2009 issued statements like this before! Some idiots tried to spread rumours about bank's asking for top-up etc etc and was rebuked by the bank (think is DBS). That bank goes on newspapers to show reporters that that idiots missed payments and trying purposely to spoil the reputation of the bank. After that the idiots just shut up.

This discussion was started with a comment saying "with 20% down payment, once the price drop by 20%, the property is gone"
Banks can call for top up or repayment if the valuation drops at their sole discretion.
it is as a simple statement as it is, nothing to do with money management
If you don't have money to top up, the property is no longer yours
if you have extra cash to top up or repay the loan, it is no longer the "20% down payment" at the beginning

[devilplate]

really ?

thats impressive ...

which project may we know ?
and what psf for what size ?

only fools answer u.....sounds familiar? Hahaha

[jwong71]

really ?

thats impressive ...

which project may we know ?
and what psf for what size ?

i can render my assist to check the previous previous owner, to see if they sold at loss or profits??

mr teddybear, care to share??

[teddybear]

Not appropriate to reveal, but not bluffing you.

really ?

thats impressive ...

which project may we know ?
and what psf for what size ?

[basic]

ok, fun time over....continue to post news when I have to let you know world situation....burst anytime....

[teddybear]

So that you can check the current owner is who (which is me)?
Better wait till I sold than I tell you. But anyway, I have no intention to sell.

i can render my assist to check the previous previous owner, to see if they sold at loss or profits??

mr teddybear, care to share??

[devilplate]

i can render my assist to check the previous previous owner, to see if they sold at loss or profits??

mr teddybear, care to share??

bro, u subscribe to streetsine?

Isnt very user frenly? I m tinking of getting myself

[basic]

alice in the wonderland hahaha

see who has the last laugh....

[devilplate]

see who has the last laugh....

dream a dream......sounds familiar? Whahhaha

[CCR]

Ok ok basic I up the price....
Sell to me at 15% discount now..

15% below the average price of last three transaction in the project you in holding

[jwong71]

So that you can check the current owner is who (which is me)?
Better wait till I sold than I tell you. But anyway, I have no intention to sell.

huh? does it matter abt wad u bgt??
we, wont be keen to bgt ur unit. thanks

[devilplate]

huh? does it matter abt wad u bgt??
we, wont be keen to bgt ur unit. thanks

i dun tink u got the resources to check the details of the owner rite?

Can only check wat px they bot and all other previous ownership prices rite?

[basic]

Ok ok basic I up the price....
Sell to me at 15% discount now..

15% below the average price of last three transaction in the project you in holding

continue to waste your time....

[PN]

Somebody is renting now, renting now, renting now
Somebody is renting now
Basically

Cannot afford property now, property now, property now
Cannot afford property now
Basically

Someone has the latest news, latest news, latest news
Someone has the latest news
Still miss the boat

Praying hard for property crash, property crash, property crash
Praying hard for property crash
Buy 20% discount

Two to three years down the road, down the road, down the road
Two to three years down the road
Buy 50% discount

Forum has many guru around, guru around, guru around
Forum has many guru around
Thread carefully

[proud owner]

Not appropriate to reveal, but not bluffing you.

ok i believe you

but i am curious the size and psf

please .... no need to disclose project name

just size and psf .. maybe also District

[devilplate]

ok i believe you

but i am curious the size and psf

please .... no need to disclose project name

just size and psf .. maybe also District

got few projects ppl bot from developer and trying to sell at a loss in 09....

Reflections, riverine by park, lumiere etc....

[Worsty]

your head got problem? if down 90%, justuse 10% to buy back 10 liao...instead of 7.....
nasty lai, nasty ki....already in this state....haha....

Oblivious to sarcasm, reasoning and any form of discussion.

[SpinCity]

In my whole life, I never heard of any local banks ask for top-up when you pay your instalments faithfully (even if your properties valuation is below mortgage loan), NEVER!
The 3 local banks had previously in 2009 issued statements like this before! Some idiots tried to spread rumours about bank's asking for top-up etc etc and was rebuked by the bank (think is DBS). That bank goes on newspapers to show reporters that that idiots missed payments and trying purposely to spoil the reputation of the bank. After that the idiots just shut up.

What did not happened before may happen in the future
you can choose to hinge your fate on banks' goodwill, that's your choice

Let me put my statement in figures:
You buy a house for $100 with $80 mortgage
From day one, the bank has the legal mortgage on your property, although you are the rightful owner.
When you sell the house, the proceeds go to the bank first, any remaining will then go to your wallet
If the price of the house drops to $80, your equity is wiped out, period, and you still owe the bank $80
If the price of the house drops to $70, you still owe the bank $80 even if you can only sell your house for S$70
You can faithfully pay your installments and the banks may or may not call for for top up or repayment, but the simple fact is, your equity in the house is wiped out to zero, period. You still own something, it is called liability rather than property

[basic]

Somebody is renting now, renting now, renting now
Somebody is renting now
Basically

Cannot afford property now, property now, property now
Cannot afford property now
Basically

Someone has the latest news, latest news, latest news
Someone has the latest news
Still miss the boat

Praying hard for property crash, property crash, property crash
Praying hard for property crash
Buy 20% discount

Two to three years down the road, down the road, down the road
Two to three years down the road
Buy 50% discount

Forum has many guru around, guru around, guru around
Forum has many guru around
Thread carefully

nice song, waste more time....