No mental block lah, I already said he lost about 30% of his capital on his Sentosa property!
Didn't I said before here that NEVER ever buy Sentosa property?!
Luckily he made back the losses from his forex and stock investments!
I believe many people among us do the same too!
So lesson learnt:
1) Never pay down your properties, always borrow to the MAX!
2) Use the cash on your hand to invest in other assets (diversify) instead of paying down your property loan!
3) Don't be stupid to pay 50% downpayment for your property! If people force you to do so, just just forsake buying property! It becomes NO LONGER WORTH THE INVESTMENT! Let the property price crash first before buying!
4) Don't be stupid to pay 15% ABSD, few RICH is willing to do so! Let the property price crash and ensure ABSD has been removed before buying!
5) Don't have to hold S$, if you think it is losing value!
6) What else?
7) End result-1: Property price in Singapore sure CRASHED! CCR property price already crashed!
OCR property price CRASH is COMING!!!!!!!!!!!!!!!!!!!!
8) End result-2:
S$ is going to crash too! Soon we will be looking at US$1 to S$1.60 exchange rate?