HDB REsales price

[Enye]

  On 8/14/2013 at 3:21 AM, Throttle2 said:

Why you want to be labelled as heartlander leh?

 

By the way, heartlander is not always a measure of wealth, its also the kind of attitude and personal style.

 

i don't want to be labelled

 

i thought i was

 

until you said heartlander buy 1.5m property is sub sub (not rolex har) suay

 

[Animian]

  On 8/14/2013 at 3:26 AM, Throttle2 said:

You cannot disregard what has happened in the last few years.

In other words , when looking at the current market , we must factor in the highly possible parent support, and the highly possible profit from 1st property and also the higher income of heartlanders nowadays.

 

I also heartlander at heart.

 

so anything also highly possible these day

  On 8/14/2013 at 3:30 AM, Enye said:

i don't want to be labelled

 

i thought i was

 

until you said heartlander buy 1.5m property is sub sub (not rolex har) suay

 

 

[Skunk]

  On 8/14/2013 at 2:49 AM, Animian said:

how high is considered high ?

 

i would reckon high income pple also high expensive leh so still got balance for 1.5m apt meh

 

Different people got different benchmarks. Personally, I'll never take a vehicle loan of more than a year's income and a housing loan of more than 10 years income.

 

So that means a $100K annual income guy maximum should only buy a $100K car...that's at max, less is better of course.

[Animian]

  On 8/14/2013 at 3:34 AM, Skunk said:

Different people got different benchmarks. Personally, I'll never take a vehicle loan of more than a year's income and a housing loan of more than 10 years income.

 

So that means a $100K annual income guy maximum should only buy a $100K car...that's at max, less is better of course.

 

 

 

even a honda civic cost >$100K now leh then all cannot drive lioa ...

your benchmark very high but it is good ... will not have much debt ..even have also clear very fast

 

 

[Skunk]

Can drive, why not....old old rotten rotten car lor :)

[Animian]

  On 8/14/2013 at 3:49 AM, Skunk said:

Can drive, why not....old old rotten rotten car lor :)

 

singapore cars hardly go beyond 10 years

[Wt_know]

a house should be fully paid up in less than 10 years if one think about "retirement" plan seriously

 

10 years x 12 months x $1000 = $120,000

 

  On 8/14/2013 at 2:39 AM, Skunk said:

Assuming a low-income couple gets married at age 30 and works until 65, that's 35 working years. Every month $1K set aside for housing installment.

 

35 years x 12 months x $1000 = $420 000

 

That's for low income couple each coming out only $500 per month. We have not factored in profit from capital appreciation from changing house as very few ppl stay in one house for 35 years straight.

 

What more for those who can cough out more than $500 each per month? $1.5m, in my opinion, is just about affordable for many higher income couples.

Edited August 14, 2013 by Wt_know

[Throttle2]

  On 8/14/2013 at 3:38 AM, Animian said:

even a honda civic cost >$100K now leh then all cannot drive lioa ...

your benchmark very high but it is good ... will not have much debt ..even have also clear very fast

 

His benchmark not high, its that yours is low.......so you have loads of debt... Haha

[Animian]

  On 8/14/2013 at 3:52 AM, Throttle2 said:

His benchmark not high, its that yours is low.......so you have loads of debt... Haha

 

 

 

think i need to go take course on how to manage my finance lioa

[Mockngbrd]

10years salary for house is quite high if combined income

[Joseph22]

  On 8/14/2013 at 3:53 AM, Animian said:

 

think i need to go take course on how to manage my finance lioa

why you so worry, your money not his.

 

you buy you happy, cannot pay your problem also mah.

 

just don't come here KPKB later that gahmen hai you can already.

[Throttle2]

  On 8/14/2013 at 3:51 AM, Wt_know said:

a house should be fully paid up in less than 10 years ... i think international standard is even lower than 10 years

 

10 years x 12 months x $1000 = $120,000

 

Yeah, tell that to the sinkies!

 

Even Car loans already stretched 10 yrs.

[Throttle2]

  On 8/14/2013 at 3:53 AM, Animian said:

 

think i need to go take course on how to manage my finance lioa

 

 

Still think?

Dont need to think.

 

You need to go....immediately

 

[Animian]

  On 8/14/2013 at 3:54 AM, Mockngbrd said:

10years salary for house is quite high if combined income

 

for a 1.5m house... 10 years = 150,000 per month excluding interest for the time being

that is a $12.5K instalment payment ... based on govt standard loan payment cnanot be more than 30% of monthly income ...so monthly combined income should be 42K woah

[Throttle2]

  On 8/14/2013 at 3:55 AM, Joseph22 said:

why you so worry, your money not his.

 

you buy you happy, cannot pay your problem also mah.

 

just don't come here KPKB later that gahmen hai you can already.

 

Thats right, not like i will care if he goes bankrupt.

And to be fair vice versa.

[Skunk]

  On 8/14/2013 at 3:52 AM, Throttle2 said:

His benchmark not high, its that yours is low.......so you have loads of debt... Haha

 

Yes my benchmark very low already, as an earlier post pointed out ideally a house should be paid up by 10 years....

 

My benchmark quite low because I've become more forgiving of failure...at most bankrupt lor, eat from rubbish bin n stay at void deck lor....millions of poor ppl around the world also eat out of rubbish bin mah :p

[Joseph22]

  On 8/14/2013 at 3:57 AM, Throttle2 said:

Thats right, not like i will care if he goes bankrupt.

And to be fair vice versa.

yeah lor. don't know why scared until need to take course [laugh]

 

if need to take course.. then gone case liao lor.

[Animian]

  On 8/14/2013 at 3:55 AM, Joseph22 said:

why you so worry, your money not his.

 

you buy you happy, cannot pay your problem also mah.

 

just don't come here KPKB later that gahmen hai you can already.

 

true also... whatever consequence is our own doing

 

  On 8/14/2013 at 3:56 AM, Throttle2 said:

Still think?

Dont need to think.

 

You need to go....immediately