Jump to content

UBS flags rapid rise of S'pore household debt

Enye

By Enye,
in Property Buzz

 Share

Recommended Posts

Roh96

Roh96

6th Gear

Since when banks know anything about finance?

 

Did Mr Lehman know he was going to go bankrupt?

 

Did Ciibank know their share price going to US$1?

 

Did any Asian bank see 1997 coming?

 

The last people you should take financial advice

 

from is a banker. The are the most clueless when

 

it comes to money matters.

 

:D

 

Make sense. [;)]

Link to post
Share on other sites
Enye

Enye

Hypersonic
  • Author

Since when banks know anything about finance?

 

Did Mr Lehman know he was going to go bankrupt?

 

Did Ciibank know their share price going to US$1?

 

Did any Asian bank see 1997 coming?

 

The last people you should take financial advice

 

from is a banker. The are the most clueless when

 

it comes to money matters.

 

:D

 

who wants their advice?

 

i only want their pay

 

:D

Link to post
Share on other sites
Myxilplix

Myxilplix

Turbocharged

Ahh I just put deposit for flat last week, but nvm lah it's a home first and foremost.

 

But it's funny that the bank assumed I wanted to max out available quantum and tenure without confirming, now they need to redo the letter of offer.

Link to post
Share on other sites
Solar

Solar

Turbocharged

As I understand, hdb don't usually evict those who can't pay their mortgages.. but not so sure about those who are on private properties. . [knife]

Link to post
Share on other sites
Myxilplix

Myxilplix

Turbocharged

As I understand, hdb don't usually evict those who can't pay their mortgages.. but not so sure about those who are on private properties. . [knife]

 

I thought it depends on whether taking hdb loan or bank loan? HDB eviction less likely, banks no give chance?

Link to post
Share on other sites
Maxus-MIFA9

Maxus-MIFA9

Supersonic
(edited)

As I understand, hdb don't usually evict those who can't pay their mortgages.. but not so sure about those who are on private properties. . [knife]

 

I think HDB got insurance called 'Homeshield'. Like the owner passed away, the next of kin (usually wife or husband) need not pay for the rest of the loan.... -_-

 

Don't know about private housing cos no chance to stay in one ... [:(]

Edited by Picnic06
Link to post
Share on other sites
Solar

Solar

Turbocharged

I thought it depends on whether taking hdb loan or bank loan? HDB eviction less likely, banks no give chance?

 

This is the part I'm not sure.. if one loan from bank instead of hdb.

Is it declare bankrupt but still allowed to stay in the hdb?

Link to post
Share on other sites
Solar

Solar

Turbocharged

I think HDB got insurance called 'Homeshield'. Like the owner passed away, the next of kin (usually wife or husband) need not pay for the rest of the loan.... -_-

 

Ya.. but nobody wants to exercise that 'option' to pay off the mortgage right. .

Link to post
Share on other sites
Duckduck

Duckduck

Turbocharged
(edited)

y r we surprised at such news considering our mortgage rates haave been at record lows for 4yrs, DESPITE SG property being on a bullrun for 4yrs in a row. Its like feeding more n more oil to a fire which doesnt need extra fuel already.

 

Clearly any level headed investor can see this anomaly n be ready if things go haywire.

 

US treasuries n high yield junk debt has been crashing alot recently, in other words financing cost is rising & given SG banks get most liquidity from US banks, i agree w this article's other that rising rates shld b coming. In fact to me asia will be screwed as a result of this, & USA save themselves coz they dont care wat happens to us. They only care for themselves. If asian garmens mismanage QE effects, its no matter to them

 

Assume mortgage rates spike 1-2% higher, how many pple will affected materially?

Edited by Duckduck
Link to post
Share on other sites
Jamesc

Jamesc

Hypersonic

Assume mortgage rates spike 1-2% higher, how many pple will affected materially?

None.

 

All of us are on fixed mortgage.

 

:D

Link to post
Share on other sites
Duckduck

Duckduck

Turbocharged

None.

 

All of us are on fixed mortgage.

 

:D

SG where got fixed long term one? Most 3yrs fixed no? Also, go read the T&Cs, dont b surprised they can increase in "special" conditions.

 

anyway all we need to is that SIBOR mortgage has been "flat" for 4yrs but prop prices up 4yrs in a row. Nuff said.

Link to post
Share on other sites
Evillusion

Evillusion

Supersonic

Since when banks know anything about finance?

 

Did Mr Lehman know he was going to go bankrupt?

 

Did Ciibank know their share price going to US$1?

 

Did any Asian bank see 1997 coming?

 

The last people you should take financial advice

 

from is a banker. The are the most clueless when

 

it comes to money matters.

 

:D

no company in the world will tell u that a crisis is around the corner.

they will tell you all the nice smelling sheet and keep the foul ones in the cabinet and ask u to put yur money where it counts. But when sheet hit the fans..they will be the 1st ones to pull the plug and keep your money. Thtas why they prefer to keep u in the dark and hope that u to think he is in the dark!

 

Link to post
Share on other sites
Evillusion

Evillusion

Supersonic

very true .

 

i think i remember he capable of turning downhole to uphole. [:/]

wah! how many holes he has? must be big and a lot hur! [laugh][laugh]

↡ Advertisement
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
×
×
  • Create New...