I have never see you before?!Originally Posted by radha08
I have never see you before?!Originally Posted by radha08
I read yowetan's story with interest I believe I'm only slightly younger.Originally Posted by Laguna
Just to add on: Intention to leave the loans (liabilities) for future generation (his dependents) to repay...
I think he need to understand that getting a house is only part of a story. Other than the location, it is basically an empty vessel.. need to feel it up with things that are cherished.
In the banking sector, I believe sure the employers are concerned about whether their employees themselves are financially sound. Could be risky career wise if there are surprises along the way.
Originally Posted by yowetan
Government need to feature your life story on TV.
what a sad case.
Originally Posted by Poloclub
This is the first time I realise this guy is a SAD case....
he will be throwing his old and sick parents to the Govt and he himself stay in the PC and collect rental income from his parents's HDB flat.
It is early to tell if it is a SAD or GOOD case to have our government responsible for aging people/population in term of basic healthcare and silver lifestyle well-being.Originally Posted by Laguna
We have a good discussion within the family, and we believe pooling our resources together and focus on our objective would be a better notion.
As mentioned, different people different stroke.
Originally Posted by yowetan
If I am your parents I will be very sad. Very very sad.
I cannot comment on you but my parents agree with my thoughts.Originally Posted by pinkpolkadot
I am not getting any insurance for myself because I think insurance is a scam. I would rather have the government pay for it.
Very very sad.Originally Posted by yowetan
This sort of sad cases are pretty common in today's society. on the surface, they claim it is for the better good for the "family" etc and will promise their folks that they will live and eat for free etc, but underneath they are simply taking advantage of their parent's love and home as a ATM machine to finance a lifestyle which they cant afford.Originally Posted by Laguna
And when the old folks are old sick and grey, I guess the next step will be to do or not do whatever is necessary for them to kick the bucket so that they will have full control of their assets.
While all these are happening, the kids will learn and then do the same to their parents. What goes around comes around.
**** Super like ah!Originally Posted by Poloclub
yowetan, u dun get insurance for yourself. U get it for your dependants!Originally Posted by yowetan
That aside, I think getting hosp insurance for parents/in-laws is impt.. These should be the basic before committing to property..
Unless u seriously believe u get get away with not paying any bills, they can derail your dreams.
Hi, I used to think like most Singaporean few years back getting a H&S plan. However, due to some circumstances I realised that using our CPF medisave account to be insured under government basic medishield would be suffice for most of us for a basic healthcare needs.Originally Posted by surfuz
Moreover, due to their old age the premium for the H&S plan is getting irrelevant and unhelpful.
I certainly dun advocate throwing away money to the agents commission and the insurance companies coffer.
Also, I realise people love to talk about filial piety value(s) but I seriously doubt they really understand the definition of true filial piety.
WOW LOOK WHO IS TALKING!Originally Posted by yowetan
Originally Posted by pinkpolkadot
Talk is all he can lah.
He will NEVER be able to buy a PC at Mount Senai lah. Which bank will actually borrow someone who will have to depend on HDB rental to pay for a mortgage that he cant afford.
He already said this in post #82:Originally Posted by Poloclub
We work in a bank. Hence, LTV is not a concern.
Like that also can meh?. Whistle blow to MAS and his bubble of dream will be burst right in his face.
Originally Posted by pinkpolkadot
in his dream
ha ha joking la...Originally Posted by yowetan
I cannot imagine what Yowe is doing, no insurance???. Once illness strike.etc, your kids will suffer. Please do sometime about that.
Just Imagine if you lose your income and yet need to pay for medical and mortgages. You then want to buy, but no one want to cover, too late. You dun want your most love ones be getting busary in school(full of shame and embarrassed), Or wife work 2 jobs or parents go on working, to take care of you.
If you dun believe ask around those who is in the situation.
Very irresponsible.
Sincerely do something about it and get some insurance first then leverage.
No offence intended
Ah, I see.Originally Posted by radha08
Btw, it seems the economy is bustling with activities. River isle is a success in punggol central.
With that, I believe there is strong demand in D10 Mt Sinai. I am waiting for opportunities.
All landlords who wish to dispose his/her Mt Sinai FH/999 PC, please do PM me your best price/offer.
The basic H&S and dependant scheme is already part of my employment benefits. It is covered.Originally Posted by movement_art
As mentioned, I am getting the mortage term insurance to protect my asset(s) from government and banks so as to hand over my children/family with little/zero liabilities.
Your kind intention is appreciated, and please rest assure that my families are well-covered except my aging parents and in-laws whom I strategically position government policies to look after them.
if your driving on a long straight road trying to reach your destination...and suddenly there is a road block...it takes a while to get around it...Originally Posted by lajia
some people will turn back i.e SELL their property
some will bash thru...i.e rent out to any tom dick harry at CHEAPER price...in process damaging your vehicle if its a roadblock or if its ur house...
some will just wait hoping to get clearance to go thru the roadblock...i.e in the meantime wash/polish/service your car OR if its an APT...reno...
so you see life is never a straight road without obstacles....think about it my friends....whether your on the road or sipping a magarita at your d9/10/11 luxury condo...
hmm... you people pls don;t see yowetan no up like that...
if he sells his parents' hdb, say $600K, plus 100K cash on hand, and use it as 40% deposit.... he has the resources to buy that $1.3-1.75mil condo... and i believe bank will finance that 60% LTV...
the only issues would be hdb mop... how is he going to buy pte condo and rent out his hdb without fulfilling his hdb mop ??... hmm... tough question on how to get around with that....
i'm only saying he has the resources to do it hor... never say if it is right/wrong thing doing it... pls don;t flame me hor... me small fish only...
i rather be a SMALL fish with sharp teeth than a BIG fish with NO teeth...Originally Posted by ikan bilis
bro honestly i pity you looks like your shoulder very heavy got a lot of responsibility in your life and a lot of people to take care....think of your own well being sometimes this type of stress got INVISIBLE damage and can affect your health...so eat well exercise regularly and do good deed to those less fortunate so you can get good karma in return....Originally Posted by yowetan
Thank you for the well wishes and advices. I feel I have to do something in my lifetime. I want to do something that would benefit my family line in next generation.Originally Posted by radha08
If failed, I just take it easy and move on. If I dun try, there can never ever a chance in many lifetime(s) after me.
Then what is your value and definition?Originally Posted by yowetan
$$$ more important or health more important?Originally Posted by yowetan
if your prediction is wrong, you gonna have problem sleeping every night...
I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)
I have plan and prepare for the worst. Bankruptcy is nothing to cry and ashame of.Originally Posted by roly8
ok lor.Originally Posted by yowetan
bet your $$ and don't look back.
I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)
Lol.. this is sickening.Originally Posted by yowetan