Home buyers unfazed by loan curbs

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#41
Well, I think what the govt. measures did is to slow down the rate of inflation.

A rate of inflation higher than returns on bank deposits is encouraging speculation, fueling property and stock bubbles.

There is also a danger of social unrest.

In this case, the rate of inflation in Singapore is about 5 to 9%(I think), as food prices rises across the board.
The deposits rate is about 1 %.

If one has $100k or more, where is he going to park his money ?
Therefore the market should still be bullish.Dodgy
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#42
(09-10-2012, 02:18 PM)ken Wrote: In this case, the rate of inflation in Singapore is about 5 to 9%(I think), as food prices rises across the board.
The deposits rate is about 1 %.

Long-term inflation should be steady around 3% to 4%. I think 5% to 6% is temporary spike, though if housing + car prices keep going up then you'd end up with higher than normal inflation before reversion to the mean occurs.
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
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#43
Is Housing and Car included in our Inflation number ?

Just my Diary
corylogics.blogspot.com/


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#44
Rate of inflation:-

For a layman like me, all i know is i used to pay $1 for 1 curry puff from "Giant". Now i have to pay $1.30. So what's the inflation rate for this curry puff? There are many more same examples of hawker's food prices increases. i use to $2.50 per plate of "char kway teow" now i have to pay $3.00 min. etc.... i don't really can understand when people or GOV. says our inflation rate now is 5% to 6%. It really doesn't tally with the prices of increases of hawker's food and supermarket's goods.

And i know our GOV is most worried about hawker's food prices because most of our population depends heavily on hawker's food for daily family's lunch and even dinner. Why? It's because most wifes who are also mothers have to work to sustain a family's normal living standard. How to cook at home after a day of "slavery" work?

Is it that is why now HDB has modified it's rental policy of Hawker's stall at food centre.?

So don't tell me inflation rate is only 5 or 6 %.
And best of all some high-ranking minister even said as long as i don't buy or own a car, i am not affected at all or very little by the current inflation.
What rubbish is he talking about? You can not hide the facts from the daily increased expenses we have to pay for our daily living. Must be too high-brow that he thinks nobody can match his "brains". If he has any like ours- Ordinary brains.
What a joke from a multi-millionaire minister?Huh
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.
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#45
(09-10-2012, 05:02 PM)Temperament Wrote: Rate of inflation:-

For a layman like me, all i know is i used to pay $1 for 1 curry puff from "Giant". Now i have to pay $1.30. So what's the inflation rate for this curry puff? There are many more same examples of hawker's food prices increases. i use to $2.50 per plate of "char kway teow" now i have to pay $3.00 min. etc.... i don't really can understand when people or GOV. says our inflation rate now is 5% to 6%. It really doesn't tally with the prices of increases of hawker's food and supermarket's goods.

And i know our GOV is most worried about hawker's food prices because most of our population depends heavily on hawker's food for daily family's lunch and even dinner. Why? It's because most wifes who are also mothers have to work to sustain a family's normal living standard. How to cook at home after a day of "slavery" work?

Is it that is why now HDB has modified it's rental policy of Hawker's stall at food centre.?

So don't tell me inflation rate is only 5 or 6 %.
And best of all some high-ranking minister even said as long as i don't buy or own a car, i am not affected at all or very little by the current inflation.
What rubbish is he talking about? You can not hide the facts from the daily increased expenses we have to pay for our daily living. Must be too high-brow that he thinks nobody can match his "brains". If he has any like ours- Ordinary brains.
What a joke from a multi-millionaire minister?Huh

Hi temperament.

Take your curry puff and char kway teow (CKT) example.

The curry puff and CKT was $1 and $2.50 at end of 2007 and now it is $1.30 and $3. So the price increase is 30% and 20% respectively. Assuming 2007 to now(2012) is a 5 yr time frame.

If we are to adjust it to annual inflation rate.

The curry puff is 5.3% price increase YoY
CKT : 4.56% YoY

Do correct me if i am wrong in any calculations. Thanks
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#46
There are also services and products that are getting cheaper or remain the same in price over the years.

Hair cut. $10 can get a decent hair cut. I know there are hair cuts that are cheaper than $10.
Computers, handphones, TVs and electrical appliances are generally cheaper and better.
32" LED TV is less than $400.
Stationaries are generally cheaper than in the past.
A decent trip to neigbouring countries is cheaper if you take budget airlines.
Daiso sells a lot of useful and decent household items at $2.
IDD calls are generally cheaper and better quality than before.

But, as in life, most will just remember things that have become expensive but have conveniently forgotten things that have become cheaper.
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#47
(09-10-2012, 05:31 PM)CY09 Wrote:
(09-10-2012, 05:02 PM)Temperament Wrote: Rate of inflation:-

For a layman like me, all i know is i used to pay $1 for 1 curry puff from "Giant". Now i have to pay $1.30. So what's the inflation rate for this curry puff? There are many more same examples of hawker's food prices increases. i use to $2.50 per plate of "char kway teow" now i have to pay $3.00 min. etc.... i don't really can understand when people or GOV. says our inflation rate now is 5% to 6%. It really doesn't tally with the prices of increases of hawker's food and supermarket's goods.

And i know our GOV is most worried about hawker's food prices because most of our population depends heavily on hawker's food for daily family's lunch and even dinner. Why? It's because most wifes who are also mothers have to work to sustain a family's normal living standard. How to cook at home after a day of "slavery" work?

Is it that is why now HDB has modified it's rental policy of Hawker's stall at food centre.?

So don't tell me inflation rate is only 5 or 6 %.
And best of all some high-ranking minister even said as long as i don't buy or own a car, i am not affected at all or very little by the current inflation.
What rubbish is he talking about? You can not hide the facts from the daily increased expenses we have to pay for our daily living. Must be too high-brow that he thinks nobody can match his "brains". If he has any like ours- Ordinary brains.
What a joke from a multi-millionaire minister?Huh

Hi temperament.

Take your curry puff and char kway teow (CKT) example.

The curry puff and CKT was $1 and $2.50 at end of 2007 and now it is $1.30 and $3. So the price increase is 30% and 20% respectively. Assuming 2007 to now(2012) is a 5 yr time frame.

If we are to adjust it to annual inflation rate.

The curry puff is 5.3% price increase YoY
CKT : 4.56% YoY

Do correct me if i am wrong in any calculations. Thanks

Your calculation is spot on but i think the inflation rate may not based on linear equation from 2007 till now. It may be based on a shorter period. MHO.

(09-10-2012, 06:01 PM)yeokiwi Wrote: There are also services and products that are getting cheaper or remain the same in price over the years.

Hair cut. $10 can get a decent hair cut. I know there are hair cuts that are cheaper than $10.
Computers, handphones, TVs and electrical appliances are generally cheaper and better.
32" LED TV is less than $400.
Stationaries are generally cheaper than in the past.
A decent trip to neigbouring countries is cheaper if you take budget airlines.
Daiso sells a lot of useful and decent household items at $2.
IDD calls are generally cheaper and better quality than before.

But, as in life, most will just remember things that have become expensive but have conveniently forgotten things that have become cheaper.

Of course, but if am from the lower to lowest working class (how many % of them in our population?) struggling to put food on the table for family, i doubt hawker's food is cheap for them, now.
So the GOV is very smart to be very worried about the prices of hawker food. i don't think the GOV. is worried about the "extras" in life.
To have them is good, not having them the "poor's" stomach doesn't miss a thing or two.
i think PAPY is always watching the prices of hawker's food in HDB's Food Centre. Not so much any other things.
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.
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#48
i think inflation matters when it really hit us deep on specific items.

How many times we eat curry puffs even if priced 10 times ?
Same with haircut. How much amount really impacted over say 10 years ?

If i am to define my list will be Housing, Car, Rice, Water Bill, Electric Bill,
Oil, Basket of fruits, public transports, daycare, medical ..

Just my Diary
corylogics.blogspot.com/


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#49
(09-10-2012, 06:35 PM)corydorus Wrote: i think inflation matters when it really hit us deep on specific items.

How many times we eat curry puffs even if priced 10 times ?
Same with haircut. How much amount really impacted over say 10 years ?

If i am to define my list will be Housing, Car, Rice, Water Bill, Electric Bill,
Oil, Basket of fruits, public transports, daycare, medical ..

i agree with you to some degree.
But i think we should look at the most basic things that all people needs for daily sustenance of life. In this sense, even fruits may be a "luxury to our lower to lowest class of our population.
i like to think our hawker's food at HDB's food court should be affordable to all classes of our population. As i think it is should be one of the "basic things" for daily living for all people.
Woe will be the day, when most lower to lowest working class can't afford to eat at HDB's Food Court.
And i don't think our Papy will allow it to happen.
Papy still wants to "rule" forever, you know.
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.
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#50
The list intention is not to forget about the poor but to recognise as a people most have reach a level above basic needs.

If we are struggling on common hawker food prices, we have other concerns to deal with. What's the point of being number one in so many things and we still confine ourselves to the lowest basic survival measure ?

To meaningfully understand inflation figures, the right measure has to be in-place where most people can feel impact to their cost of living for the standard of living we hope for.

I am looking for change. Smile

Just my Diary
corylogics.blogspot.com/


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