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Thread: When Renting Is A Good Idea Plus Other Blindspots You Missed

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    Default When Renting Is A Good Idea Plus Other Blindspots You Missed


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    if on cash flow computation, then it is right.
    But the writer has forgotten that major bulk of the cash outflow for mortgage is for principal repayment.
    And the quality of living, feeling of staying in OWN home is not quantifiable.

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    The writer is not correct about Soleil@sinaran condo. A 2 bedder condo there is not $1.36m u can check on property guru that a two bedroom at Soleii is selling at min above $1.6m.
    Only one transaction sold for $1.36m reflected in squarefoot, likely the owner is selling in a rush or other reasons. The writer just picked the lowest transacted price to make it look impressive. This type of person i will not bother to go read his website.

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    great to point out this.

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    How do you avoid falling into the box of “What You Don’t Know, You Don’t Know”?

    However well you think you’re doing, you are most likely overestimating what you’re doing well and underestimating what you need to improve.

    Rather than mistakenly thinking that you know the nature or the extent of your opportunity, embrace these two key principles:

    Don’t accept your own self-assessment – Seek out and invite feedback and assessment from others (both personally and professionally)
    Assume that your self-assessment is missing some things and you are underestimating others
    Jim Collins once shared instead of believing you always know, be willing to be vulnerable and solicit and thoughtfully accept the feedback, perceptions and assessments others can give you.

    There is value to having a high level of awareness on this lack of knowledge.

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    Quote Originally Posted by star View Post
    The writer is not correct about Soleil@sinaran condo. A 2 bedder condo there is not $1.36m u can check on property guru that a two bedroom at Soleii is selling at min above $1.6m.
    Only one transaction sold for $1.36m reflected in squarefoot, likely the owner is selling in a rush or other reasons. The writer just picked the lowest transacted price to make it look impressive. This type of person i will not bother to go read his website.
    First thing I do after reading any articles is to find out who is the writer.

    Then try to know what is his thought.

    Then go back to the articles he or she wrote.

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    Most investor leverage and if you don't know what is leverage you are not one of them.

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    Quote Originally Posted by star View Post
    The writer is not correct about Soleil@sinaran condo. A 2 bedder condo there is not $1.36m u can check on property guru that a two bedroom at Soleii is selling at min above $1.6m.
    Only one transaction sold for $1.36m reflected in squarefoot, likely the owner is selling in a rush or other reasons. The writer just picked the lowest transacted price to make it look impressive. This type of person i will not bother to go read his website.
    He is a property agent, he will look for the best deal for himself.

    Even if he will to offer the best deal to the buyer most will still not take it because he is a property agent.

    Others will look for the fast deal.

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    The idea is correct. However, his integrity is in question. Because the data he uses is biased.

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    Quote Originally Posted by thomastansb View Post
    The idea is correct. However, his integrity is in question. Because the data he uses is biased.
    Like that got a lot of people integrity is in question especially those who use statistic.

    My first lesson on statistic my lecturer remain us statistic don't lie it is the person who use it.

    Another is inflation, today go for my breakfast $3 to $3.50 don't know inflation is how much, should be 2% to 3% right.

    If it is right then more people integrity is in question.

    Result: 16.67 % increase

    Formula:

    3.5 - 3 = 0.5
    ( 0.5 / 3 ) * 100 = 16.67 %

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