Newbie
Yes. When i saw autism kids, i feel so happy and blessed that my kids are normal, and the thought that they must go to the top schools are gone. But the competitive nature of our country and peers around us will repeatedly remind us that we still need to get our kids to the better school..... this leads me to think of selling my HDB to move to a condo with a good primary school (although we do have another private one but is not near any good school).Originally Posted by Allthepies
Leeds
As consumers, we must learn to understand what is a sale puff. Very often, we are blinded by what we called salesman's puff.
Unfortunately, under Common Law, salesman's puff is not blinding as long as it is does not lead to Mispresentation.
Below are some of the salesman's puffs I often heard from real estate agents:
1. Don't worry! govt will not let property crash one; because 80% (of population) stay in HDB flats will suffer (real classic)
2. Property is long term, even you buy HIGH now, it will go higher
3. This one sure make money one! Got potential (en bloc)
4. If you can hold, don't worry! You sure make money later.
When we decided to make a purchase, sometime these salesman's puffs do make us feel good about our decision.
Junior
actually point 2 is true. the caveat is - how long, and got take into account interest cost and inflation or not? anyone here dare to bet with me.. 30 yrs later. in absolute $$ term, it will NOT go higher?
point 4 is also true. but again, sure make money is net of interest or inflation or not. also, how many pple really know whether they "can hold" or not? other than like i said b4, the top top 0.5% creme of the creme who are well sought after.
Leeds
True or not true depends on your risk profile and investment horizon. Please see below:actually point 2 is true. the caveat is - how long, and got take into account interest cost and inflation or not? anyone here dare to bet with me.. 30 yrs later. in absolute $$ term, it will NOT go higher?
point 4 is also true. but again, sure make money is net of interest or inflation or not. also, how many pple really know whether they "can hold" or not? other than like i said b4, the top top 0.5% creme of the creme who are well sought after.
Perhaps, the property price index can help those who are not sure to make a decision.
Singapore real estate took off in 1990 and within just 23 years, we experience "4 peaks" or "cycles" including today. Those who bought in 1996 are still being punished largely considering the time value of money and opportunity cost. Those who had no holding power and bought in 2000 were also punished. Of course those who have long holding power and bought in the peak of 2000 would have been rewarded today.
With the price index "plateauing" now, those who bought over the last 3 years and may be making paper gain of 20% or 30% but are finding it difficult to find buyers base on today's asking price. Their "profits" if any are also erroded by seller's stamp duty.
Knowing that the upside (if any) is going to be limited with continuous government's interventions, we should be caution in property investment especially if one does not have long holding power.
If we are talking about the next 30 years, be prepared to experience at least another 4 cycles.
Timing the cycle can be difficult but buying at the right price and at the right time can be very rewarding.
Senior
Very funny. Upgraders want property prices to crash before they upgrade?
Let's recollect the fact:
(1) Think back, during 2000-2005, very few upgraders (OCR private almost like dead town), because HDB prices almost never move after crashing >25% in tandem with private property prices. Bishan HDB selling about $550k in 1997 dropped to about $400k in 2003.
(2) Then come 2006-2012, private property prices move up, HDB prices move up even more, wah! So many hdb upgraders to private (look at huge volume of OCR private transactions!)!
So, as we can see, the most recent facts does not support your arguments.
hahhah totally agree.. When it happens many dare not enter. My take these folks will never enter. up too high down too scared.
Senior
actually point 2 is true. the caveat is - how long, and got take into account interest cost and inflation or not? anyone here dare to bet with me.. 30 yrs later. in absolute $$ term, it will NOT go higher?
point 4 is also true. but again, sure make money is net of interest or inflation or not. also, how many pple really know whether they "can hold" or not? other than like i said b4, the top top 0.5% creme of the creme who are well sought after.
aiyah no need to explain. those who wating will never buy even in a crash. coz scared shitless and hoping it go even lower!
Leeds
Such statement adds no value to any forum. Instead of engaging with the contents of the subject, the writer chose to make grossly wrong assumption about others or make a puff statement about others when face with differing ideas that are not consistent with their own. A very weak attempt.
Newbie
the TS was asking if its a good time for one to sell HDB and buy a PC
my simplistic view after reading all the comments on this thread.
PC prices drop, HDB price will also drop. some view that the HDB price drop will not be as much as the PC price drop. if that's the case, then shouldn't every HDB upgrader sell HDB now, shift to rental for 24 months, then take their time to buy a PC?
Junior
no offence, your comment doesn't add value either...be open, thats the spirit of being in a forum. anything u dont like to hear, just ignore. everyone of us comes from different walks of life; respect and be respected.
just my opinion, not to pick up with you.
we are here to share and learn. but that doesnt make u a teacher or lecturer.
Leeds
There is a different between sharing and bashing.no offence, your comment doesn't add value either...be open, thats the spirit of being in a forum. anything u dont like to hear, just ignore. everyone of us comes from different walks of life; respect and be respected.
just my opinion, not to pick up with you.
we are here to share and learn. but that doesnt make u a teacher or lecturer.
Newbie
i agree with you. we need freedom of speech.no offence, your comment doesn't add value either...be open, thats the spirit of being in a forum. anything u dont like to hear, just ignore. everyone of us comes from different walks of life; respect and be respected.
just my opinion, not to pick up with you.
we are here to share and learn. but that doesnt make u a teacher or lecturer.
Junior
Enough said for me...freedom prevails...
Leeds
When the same people started bashing Seleter and others, did it occur to these people the right to free speech?
To enjoy the benefit of free speech, one must respect each other even if we disagree.
Junior
... I guess the last line was subtle enough it went unnoticedwe are here to share and learn. but that doesnt make u a teacher or lecturer.
McInvestor
i agree w you.. that's why i making plans to exit hdb, hoot one MMM.. krkrkr..
Junior
in my opinion, hdb should never be viewed as an investment vehicle. it is the sg citz first asset (unless u are born with silver spoon or has ignored it even when u have a chance) and the garmen has long seen it as retirement asset for sg citz. so if you have it and rent it out within those rules, u should be safe and it is given to you...
it should give u the best yield then your MM and never never sell your hdb, as someone once said! even when your hdb is 30-40yrs old, it is still more valuable than your LH PC...
Leeds
It went "unnoticed" because it was base on his own assumption. At least he was not bashing others. Such comments should be ignored.... I guess the last line was subtle enough it went unnoticed
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