What will life be like if CPF is never implemented?
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Originally posted by jojobeach:
China don't have meh ?
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Originally posted by seyKai:
u cannot have a roof over yr head and some money?
can, continue renting and you hve more money, buy house with bank money and you still have yr own money, downsize and you can also have money...many ways, up to you to manage to suit your needs. -
Originally posted by angel7030:
It aint the gloomiest yet, dear sista, why let them rip us off if we can find hole and gap to rip them instead, be smart, use rain water, buy without Gst, eat home cook food, dun contribute CPF or any charity stuffs, work and live within one mean ya. De local here are just falling into their traps...so pitiful.That's the thing sista, I do not want to live like a thief.
Singaporeans are too honest to a fault.
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Originally posted by NG QIBO AARON AUBREY:
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What kind of plans ? Why is it no better than CPF ?
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Originally posted by jojobeach:
That's the thing sista, I do not want to live like a thief.
Singaporeans are too honest to a fault.
but the default is still thief moulded to a legal aspect, most govts are thief, so they created laws to outlaw and protect themselves. -
Originally posted by jojobeach:
Eh.. Mr immigrant, incase ya donch know.. HDB is a public housing organisation ok ? And ye should know jolly well, this ain't no free market in Sg.
Only in Singapore, can you sell a used leasehold for a higher price than the original. And ya know that's a scam.
hello Mr beach, HDB is a public housing and HDB are for citizens only, but it is not free.
you still think land prices, construction prices, labour costs should stay where it was 30 years ago?
you think only in singapore are prices higher over the years? you don't have any capital gain from your property investment down under? sad, put yr money here, long term, sure got capital gain one. somemore today government confirm no more capital gain tax
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Originally posted by angel7030:
but the default is still thief moulded to a legal aspect, most govts are thief, so they created laws to outlaw and protect themselves.if government cannot protect themselves, who can they protect?
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what is public housing?
affordable to the people and not slaving them
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Originally posted by sgdiehard:
hello Mr beach, HDB is a public housing and HDB are for citizens only, but it is not free.
you still think land prices, construction prices, labour costs should stay where it was 30 years ago?
you think only in singapore are prices higher over the years? you don't have any capital gain from your property investment down under? sad, put yr money here, long term, sure got capital gain one. somemore today government confirm no more capital gain tax
Mr Sg immigrant. Do you know how much to build a block of HDB ? And how much is the profit margin HDB is getting ? A mystery to you and me, no ?
If I did not remember wrongly, some bloke posted in this forum that a unit cost only $30,000 to build. In today's prices. How much is the gahmen leasing you for 99 years ?
My capital gains are from properties I own, not leased. And leaseholds don't appreciate, they depreciate because of expiry.
Whats the big deal about the Capital gain tax repeal during market lull ? Is that a PERMANENT deal ? Is the govt going to reinstate that when the market goes up again ?
The only good thing that can come out of this tax repeal is to entice more people to buy properties NOW.
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Originally posted by sgdiehard:
hello Mr beach, HDB is a public housing and HDB are for citizens only, but it is not free.
you still think land prices, construction prices, labour costs should stay where it was 30 years ago?
you think only in singapore are prices higher over the years? you don't have any capital gain from your property investment down under? sad, put yr money here, long term, sure got capital gain one. somemore today government confirm no more capital gain tax
who said for citizens only, HDB can also be for PRs. how can HDB be free, taking a 100m sq land, you build 20 houses and up ward it raise to 20th floor 20 x 20= 400 houses on a 99years leasing costing average 300k each and u still need to pay property tax even it is only a leasing. Why should we put our money here when property in japan, hongkong and even shanghai and beijing are better?? -
Originally posted by seyKai:
what is public housing?
affordable to the people and not slaving them
you have the freedom to buy or not to buy, that is not slavery,
you have the freedom to sell whenever you want, a slave can't do that.
you get to pocket the profits, the slave don't.
It is the affordability that matters, if you can afford only a 3 room flats and you buy executive condo, then xiong.
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Originally posted by angel7030:
who said for citizens only, HDB can also be for PRs. how can HDB be free, taking a 100m sq land, you build 20 houses and up ward it raise to 20th floor 20 x 20= 400 houses on a 99years leasing costing average 300k each and u still need to pay property tax even it is only a leasing. Why should we put our money here when property in japan, hongkong and even shanghai and beijing are better??well, then put your money in Shanghai, beijing or HK, then.
You sure you can buy in Japan? you sure shanghai beijing not leasehold, I know office is only 30 years lease, you sure HK not leasehold, I heard residential is only 50 years lease.
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Originally posted by angel7030:
who said for citizens only, HDB can also be for PRs. how can HDB be free, taking a 100m sq land, you build 20 houses and up ward it raise to 20th floor 20 x 20= 400 houses on a 99years leasing costing average 300k each and u still need to pay property tax even it is only a leasing. Why should we put our money here when property in japan, hongkong and even shanghai and beijing are better??Not forgetting we are paying for residential AIR SPACE.
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Originally posted by sgdiehard:
you have the freedom to buy or not to buy, that is not slavery,
you have the freedom to sell whenever you want, a slave can't do that.
you get to pocket the profits, the slave don't.
It is the affordability that matters, if you can afford only a 3 room flats and you buy executive condo, then xiong.
and when u buys and sells, beside u gain, there are many agencies also earn from your gain ya. -
Originally posted by jojobeach:
Not forgetting we are paying for residential AIR SPACE.
Even carparks also have to pay for a parking place..my goodness, can i buy a parking place and live there instead. Cheaper ya.then sleep beside mercedez or motorcycle
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Originally posted by sgdiehard:
well, then put your money in Shanghai, beijing or HK, then.
You sure you can buy in Japan? you sure shanghai beijing not leasehold, I know office is only 30 years lease, you sure HK not leasehold, I heard residential is only 50 years lease.
their leases are renewable -
Originally posted by jojobeach:
Mr Sg immigrant. Do you know how much to build a block of HDB ? And how much is the profit margin HDB is getting ? A mystery to you and me, no ?
If I did not remember wrongly, some bloke posted in this forum that a unit cost only $30,000 to build. In today's prices. How much is the gahmen leasing you for 99 years ?
My capital gains are from properties I own, not leased. And leaseholds don't appreciate, they depreciate because of expiry.
Whats the big deal about the Capital gain tax repeal during market lull ? Is that a PERMANENT deal ? Is the govt going to reinstate that when the market goes up again ?
The only good thing that can come out of this tax repeal is to entice more people to buy properties NOW.
Mr oz beach, I don't know about the cost of $30,000 per unit, as long as if I buy $240,000, 10 yrs later it is $300,000 and not 24,000.Bad for you, here even private 99 yrs lease also appreciate, Farrer Court 99 yrs lease then enbloc for better price. of course here the landed fetch higher return.
again, you won't be permanent, why expect anything to be PERMANENT?
already so many people buying properties now, no need any extra incentive, those got house to sell happy, those got money to buy house happy, those got house but not selling happy, only those who rent must hope rental don't increase.
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Originally posted by sgdiehard:
well, then put your money in Shanghai, beijing or HK, then.
You sure you can buy in Japan? you sure shanghai beijing not leasehold, I know office is only 30 years lease, you sure HK not leasehold, I heard residential is only 50 years lease.
for them, the land is expensive, not the house, and it can be renewed, you invest a property and wait for 50 years to sell, OMG, i will be 71 yo liao,..cannot even have sex, 10 years later, quickly sell liao..and look for new development. -
Originally posted by sgdiehard:
you have the freedom to buy or not to buy, that is not slavery,
you have the freedom to sell whenever you want, a slave can't do that.
you get to pocket the profits, the slave don't.
It is the affordability that matters, if you can afford only a 3 room flats and you buy executive condo, then xiong.
What he meant is, one becomes a slave to the mortgage that facilitates having the roof over thy head. Understand ?
3 room flats also not cheap hor.
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Originally posted by sgdiehard:
Mr oz beach, I don't know about the cost of $30,000 per unit, as long as if I buy $240,000, 10 yrs later it is $300,000 and not 24,000.Bad for you, here even private 99 yrs lease also appreciate, Farrer Court 99 yrs lease then enbloc for better price. of course here the landed fetch higher return.
again, you won't be permanent, why expect anything to be PERMANENT?
already so many people buying properties now, no need any extra incentive, those got house to sell happy, those got money to buy house happy, those got house but not selling happy, only those who rent must hope rental don't increase.
LOL.
Ofcors, as long as there's money to make, who cares if the property market in Singapore defies logic , right ?
Pity the poor.
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Originally posted by seyKai:
i dun need the CPF to buy me a house and why should I let other control my money
is employer/employee CPF contribution not a law? then askl you boss not to contribute then report him
wao..seykai is dam rich...can buy a house without the money in the CPF. so do you tell ur boss not to contribute CPF for you..i think he will be very happy to hear that,or maybe u r a boss by itself liao. -
Originally posted by jojobeach:
What he meant is, one becomes a slave to the mortgage that facilitates having the roof over thy head. Understand ?
3 room flats also not cheap hor.
A Slave to the mortgage
Only if you buy something way beyond your means.... My 4Room HDB in Woodlands cost me $112K..... with a 30 year loan.... I'm paying about $460+ a month. Cheaper than paying the loan for a Car (which I don't own any).... and I can't Live/Sleep/Spent the Rest of my life in a Car
At $460+..... I don't even pay cash except the first 2 years or so... new job, starting pay low.Think about it.... are any of us going to stay in our parents house forever
Sooner or later you will need to own your own place.... for me, renting is NOT the answer.... The cost of my loan will only change slightly (already lower than I started).... but in renting, my landlord could thrown me out anytime my contract is over and I refuse to pay an increase in rental..... even Ang Mor are moving out of Prime Area because of rental increase.......And lets not forget that your BOSS / COMPANY will also have to pay out 20% to your CPF..... its like you putting $100 inside, and someone else top up $100 more. My boss is partly paying my loan
For those NOT needing to use CPF to buy their House..... Remember that NOT everyone is born with a Sliver Spoon or have a mid four figure pay every month. There are alot of avg joe's here who own their HDB due to CPF.
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Originally posted by citymax:
wao..seykai is dam rich...can buy a house without the money in the CPF. so do you tell ur boss not to contribute CPF for you..i think he will be very happy to hear that,or maybe u r a boss by itself liao.I would be stupid not to use my own money in the CPF to buy my own house n letting the gahmen to use cheap money or to lose them. wat i m saying is i dun need CPF scheme to own a house, afterall, wat perk did they offer for my money?
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Originally posted by hloc:
A Slave to the mortgage
Only if you buy something way beyond your means.... My 4Room HDB in Woodlands cost me $112K..... with a 30 year loan.... I'm paying about $460+ a month. Cheaper than paying the loan for a Car (which I don't own any).... and I can't Live/Sleep/Spent the Rest of my life in a Car
At $460+..... I don't even pay cash except the first 2 years or so... new job, starting pay low.Think about it.... are any of us going to stay in our parents house forever
Sooner or later you will need to own your own place.... for me, renting is NOT the answer.... The cost of my loan will only change slightly (already lower than I started).... but in renting, my landlord could thrown me out anytime my contract is over and I refuse to pay an increase in rental..... even Ang Mor are moving out of Prime Area because of rental increase.......For those NOT needing to use CPF to buy their House..... Remember that NOT everyone is born with a Sliver Spoon or have a mid four figure pay every month. There are alot of avg joe's here who own their HDB due to CPF.
why u guys treating your money in the CPF like free money? other than buying overpriced HDB falts?
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Originally posted by hloc:
A Slave to the mortgage
Only if you buy something way beyond your means.... My 4Room HDB in Woodlands cost me $112K..... with a 30 year loan.... I'm paying about $460+ a month. Cheaper than paying the loan for a Car (which I don't own any).... and I can't Live/Sleep/Spent the Rest of my life in a Car
At $460+..... I don't even pay cash except the first 2 years or so... new job, starting pay low.Think about it.... are any of us going to stay in our parents house forever
Sooner or later you will need to own your own place.... for me, renting is NOT the answer.... The cost of my loan will only change slightly (already lower than I started).... but in renting, my landlord could thrown me out anytime my contract is over and I refuse to pay an increase in rental..... even Ang Mor are moving out of Prime Area because of rental increase.......And lets not forget that your BOSS / COMPANY will also have to pay out 20% to your CPF..... its like you putting $100 inside, and someone else top up $100 more. My boss is partly paying my loan
For those NOT needing to use CPF to buy their House..... Remember that NOT everyone is born with a Sliver Spoon or have a mid four figure pay every month. There are alot of avg joe's here who own their HDB due to CPF.
You sure you got your 4 Room HDB for $112,000?
I would be scared living in there, it might be the haunted, that's why owners are letting it go cheap, the current resale prices of 4 Room HDB ranges from $230,000 to $351,500.
I wonder if you pay $460 a month, will you complete paying for your 4 Room HDB in 100 years.
Not possible, you would need to pay $562 a month in order to pay up your $230,000 4 Room HDB in 100 years.
