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18-12-2013, 09:37 AM
(18-12-2013, 12:09 AM)pianist Wrote: uncle temperamenti mean if you have follow our Local Politics, you will know the Papys is always so proud to say HDB is an Enhanced Assets for the people.
what do u mean by "Dream on as long as enhancement of your HDB in $$$ is concerned."
It may be true in the beginning (1975-2000).
When i bought my 1st 3 rm flat it was only 23-K(i think).
i sold it for 62K only.
i upgrade to HDB Maissionette.
It was only 123-127K.
i paid fully with CPF.
Aka old timers like us called 2 bites of the cheery allowed by Papys.
(This may be the Era of real asset enhancement. Still very affordable for most workers)
After 2 bites of the Cheery, (i decided to take profit) i sold my Maisionette for low 500+K.
i downgraded to the largest resale 4 room i can find built by HDB.
The 4A.
i paid about 289K inclusive of 10K cash value.
This was about 15 years ago.
The current value is about 450-500K.
So do you think my current HDB has increased in value (Asset Enhanced) is true or not?
It's true only if i downgrade to nowhere.
So for HDB as an Enhanced Asset for the people is true only in "Relative Terms".
In Absolute Terms, i don't think so.
And on the condition you sell and buy downgrade.
What about the other way round.
If i still live in my 3 rm flats and sell now at market price of 300K+ and purchase my Current flat 4A @450-500K.
Is this really Asset Enhancement?
What is the future value of my flat?
It's still i have to buy downgrade before i can realise the value in the so call Enhanced asset.
So have my living standard being enhanced by HDB as an asset?
What about yours?
Any other opinion?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.