tag:blogger.com,1999:blog-6897513886211197509.post1167913733461309004..comments2024-03-28T12:38:11.434+08:00Comments on Singapore Man of Leisure: Are HDB Flats Affordable? (Dec 2022)Singapore Man of Leisurehttp://www.blogger.com/profile/13774067113884418001noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-6897513886211197509.post-13630213107006279382023-04-16T18:47:15.708+08:002023-04-16T18:47:15.708+08:00Smol,
The basic foundation is that it is 99 years...Smol,<br /><br />The basic foundation is that it is 99 years lease. The obvious is clear. One makes the appropriate decision accordingly.<br /><br />WtkWTKhttps://www.blogger.com/profile/11459028978258841179noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-60768740097513232762022-12-22T08:23:05.880+08:002022-12-22T08:23:05.880+08:00Rainbow girl,
Excellent observation!
Sometimes t...Rainbow girl,<br /><br />Excellent observation!<br /><br />Sometimes the pendulum swings from one extreme end to another...<br /><br />From ignoring lease decay completely, to getting overly petrified with lease decay.<br /><br />If we overpay for older flats, it has nothing to do with lease decay; it's like paying too high a premium for options/warrants. <br /><br />Options and warrants do expire worthless too ;)<br /><br /><br />Buying an old HDB flat with 30 years remaining on its lease is no different from buying a new HDB BTO flat with 30-year leases!<br /><br />Its more about whether it's better to rent (you believe in deflation going forward), or better to lock-in the rentals for the next 30 years (you don't think inflation going away).<br /><br />And if the flat is not primarily for living, but for speculating like trading options/warrants, then welcome to the path of Earn More!<br /><br /> Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-31359438786356067872022-12-22T08:00:56.390+08:002022-12-22T08:00:56.390+08:00AT_AT,
Thanks!
Others bore their friends with t...AT_AT,<br /><br />Thanks! <br /><br />Others bore their friends with travel photos; I'll bore everyone with blog posts about my flat! <br /><br />LOL!<br /><br /><br />Investing is like ogling at women, the bigger the war chest, the better!<br /><br />Bei kambings can't see (or in denial) that to earn $200K in annual dividends, you have to work backwards to see how big a mountain you need to sustain it...<br /><br />Now try climbing up the mountain with $100K in capital with just passive dividends/interests!? <br /><br />To grow that $100K to $3 or 4 million to sustain that $200K annual dividends, if one looks under the hood, its usually:<br /><br />1) Made money from properties<br /><br />2) Day job high income to inject FRESH capital annually<br /><br />3) Know how to harvest REALISED capital gains from Earn More <br /><br />I left out Business Owners as they just need to IPO their startup companies can oredi!<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-53500073657158273612022-12-22T00:46:35.449+08:002022-12-22T00:46:35.449+08:00It's rate of inflation (of flat prices) versus...It's rate of inflation (of flat prices) versus effect of lease decay. Lol<br /><br />If one bought a very old flat at a very high price and this old flat doesn't get enbloc or sold for an even higher price, then... it's just too bad.Rainbowhttps://www.blogger.com/profile/17762360552800572152noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-10349737058240328352022-12-21T22:29:26.286+08:002022-12-21T22:29:26.286+08:00Wish you all the best for next year. With your new...Wish you all the best for next year. With your new flat, at least your net asset is growing :-) <br /><br />Some show net asset based on capital injection *face palm* to hide mark to market losses. The saving grace is having lots of cash to pump in. Some followers probably didn’t see that coming. Moral of the story: make sure have big war chest to play in casino. *wink wink*AT_AThttps://www.blogger.com/profile/02831925727022441764noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-49774588327058537682022-12-20T15:39:40.793+08:002022-12-20T15:39:40.793+08:00AT_AT,
I'm sure when HDB flats first crossed ...AT_AT,<br /><br />I'm sure when HDB flats first crossed the $100K mark in the past, the discussion then would be the same as today - are HDB flats affordable!? <br /><br />10 to 20 years from now, no one would comment HDB flats above $1 million as that would be "pretty common" for resale flats in mature estates... <br /><br />Imagine Singapore being home to the greatest number of millionaires in the world then? <br /><br />Opps! That would not work... As Indonesia would have more rupiah "millionaires"!<br /><br /><br />Yup, I've been blogging for 11 years now. Along the way, many of my generation have stopped blogging. They're replaced by new up and coming bloggers every year.<br /><br />It's very interesting. Some have moved to the commercial side - become business owners or joined the financial snake oil industry.<br /><br />Some have grown their blog to very lucrative side hustles. Some I respect as they're transparent and open - nothing wrong in making money! Some I would prefer to keep a distance as they're not satisfied with just milk and fleece...<br /><br />Talking about investment progress... I've been "hentak kaki" for the last 6 or more years :(<br /><br />Shame! (Game of Thrones)<br /><br />Shame! (Sound of ringing bell)<br /><br />Shame!<br /><br />LOL!<br /><br /><br /><br /><br /> Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-16143174663144559782022-12-20T14:03:21.612+08:002022-12-20T14:03:21.612+08:00Other than being refresh of a 10 year old topic, i...Other than being refresh of a 10 year old topic, it is also interesting to take stock of others investment progress after having 10 years of experience. AT_AThttps://www.blogger.com/profile/02831925727022441764noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-60036650789988519792022-12-19T22:28:00.332+08:002022-12-19T22:28:00.332+08:00CW,
2 groups of people - sheep and shepherd.
Fir...CW,<br /><br />2 groups of people - sheep and shepherd.<br /><br />First group would be those who really don't understand the concept of leasehold. This is not a financial literacy thing; its more an england comprehension thing.<br /><br />I would give chance. Either they not educated or were born with Honda cub engine capacity between the ears...<br /><br /><br />The other group I don't know whether to pity or despise. They fully understand everything. <br /><br />Life has not been too kind to them, so they manipulate and stir shit amongst the first group above. By pretending to speak up for them, they suddenly become a "shepherd"!?<br /><br />A welcomed distraction from their hard and purposeless lives...<br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-32623554466489120892022-12-19T22:12:51.113+08:002022-12-19T22:12:51.113+08:00Spur,
This is where the snake oil appears and sel...Spur,<br /><br />This is where the snake oil appears and sell "win, win".<br /><br />Buyer buys from seller, buyer in turn sells to new bei kambing 10 years later at a good profit. Bei kambing resell at an even higher price to another laggard 10 years later.<br /><br />Everyone makes money! No one loses money!!!<br /><br />See? Property is "not" a zero-sum game...<br /><br />Don't laugh. People actually believed this bullshit.<br /><br />That's until big daddy stepped up to remind the little lambs that the property will revert to ZERO after 99 years...<br /><br />Lease decay never a problem; overpaying is!<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-23404566976815251622022-12-19T20:21:42.539+08:002022-12-19T20:21:42.539+08:00Smol,
Depends...
Seller: cheap cheap!
Buyer: w...Smol, <br /><br />Depends...<br /><br />Seller: cheap cheap!<br /><br />Buyer: wah lao ehh, pay until pants drop!<br /><br />Lol. Spurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-14403017103091748972022-12-19T19:12:10.754+08:002022-12-19T19:12:10.754+08:00Sometime, I am wondering who are those unhappy wit...Sometime, I am wondering who are those unhappy with buying BTO with 99 lease scheme? Buyers will be dead by then! Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.com