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Agree!
Depend on yourself first (or your God). Every other things are secondary.
(31-10-2014, 07:06 AM)greengiraffe Wrote: [ -> ]I never disagree with him. What i don't like is that they never admit their mistakes... they never listen to the grounds that something is not right and they kept pegging HDB prices to that of market to make more $.

Hence my point has always been - they created the problems, problems got out of control due to hot $ flows that has historically been Singapore's history - being SE Asia financial centre and now they are playing god to solve the problems.

Anyway, its not just them, all politicians in the world are the same. Hence we can only pre-empt them and act in out best interests.

https://www.goodreads.com/work/quotes/26...-godfather

“I don't trust society to protect us, I have no intention of placing my fate in the hands of men whose only qualification is that they managed to con a block of people to vote for them.”
― Mario Puzo, The Godfather

In Godfathers I Trust
GG

(29-10-2014, 02:00 PM)specuvestor Wrote: [ -> ]I agree with Tharman and many of us had said in previous threads that developers Ka-ching when market rise and people groan should not KPKB so soon when market corrects

As per our previous discussions, commercially property purchase is like "prepaid expense". Value of this prepaid expense goes up because cost of living, and demand ie population growth, has gone up. End of the day we have to keep this factor of production relatively low to improve our competitiveness. That's why SGD strengthening is losing the mojo as cost drivers are not from imports, but from asset inflation. Now we have to go through the adjustment.

Good thing for us and in many asian countries is that govts were the ones that came in to clamp down on the asset prices, so the adjustment is painful but manageable. Those who dogmatically believe in "free market" will have to experience Spain or Ireland, when markets force your hand to react. UK and Australia would be interesting real-time case studies for those who have never seen it before. Nothing new under the sun.
Nowadays nt just Ppty sentiment is bad, stock mkt is also bad, keep receiving letters that my agent had changed
While there are strong or value added agents in property, insurance and stock which i am happy to pay money for it ... most tasks are transaction base and do not deserve that level of commission imo. The challenge is how to differentiate them out so that appropriate rewards are given rather than peanut butter.
(31-10-2014, 12:10 PM)Stocker Wrote: [ -> ]I have deleted the post. Sorry for my frankness which may have caused uneasiness of some fellows.

It sounds like a grumbling post Big Grin

I have less concern on the uneasiness of anyone, but more concern on the responsibility of our forum, which includes its members and moderators.

Anyway, thanks for taking the initiative to remove it, and make a difference on our forum, from the rest. I have removed all related posts

Thank You

Regards
Moderator
For many of us who have lost track of the CMs, go here to have a look.

See what was the property index when the CM first started; see how the index continued to defy gravity and the several CMs despite a few ministers warning of property prices running ahead of fundamental; and where we are now. I think there will be no easing off until we see 2011-2012 prices.
Thanks egghead but what I remembered more is how people say cooling measures are useless even after so many rounds as "supply is insufficient to meet strong fundamental demand". Hopefully people learn more by going through the experience than by reading textbooks.
Yes, people chose to listen to property agents instead of Govt - basically under-estimating the Govt resolve.
Property is a basic need and should not be speculated like stocks. ;-)

Cm by the gov is definitely good move.

"like" from me


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With the huge supply coming in and interest rate rising, it is tough to invest in property in Singapore

[Image: pipeline-supply-2014-as-of-may.jpg]
(31-10-2014, 09:57 PM)BlueKelah Wrote: [ -> ]Property is a basic need and should not be speculated like stocks. ;-)
Cm by the gov is definitely good move.
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The loss of Aljunied GRC is a good move by Aljunied residents. I still believe that prompted the change of National Development minster from MBT to KBW. If not i think HDB resale price will touch S$1mil.
"Like" from me for Aljunied residents. Smile