MBT: Longer housing loan helps people to pay less
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Originally posted by sbst275:So you mean running a country is only for 30 yrs? I pass e prob to next gen as like tis housing prob
No doubt it can go with lower property tax, lower HDB new flat prices
There are some things tat's not even worth to try like how you question the need of 2 yrs of NS. We can try w/ 1 yr, see who wants to volunteer to go to OCS..
If no one is willing to volunteer and go back to e old system, then are you prepared for the faceoff over the u-turn?
Running a country is for the long term, but one must understand the different growth phases of a country. When you are in the early development stage you have to save, acquire more capital for growth, that is if you subscribe to the Solow Growth Model.
When you are already a developed nation, why are you saving like a pauper?
Seriously, an officer serving 1 more year, what difference would it have made? He would have gone back to civilian life after serving that extra 1 year. If reservist is of any use, than serving 1 year and doing more training during reservist is the answer. I mean it's better than CBL during reservist like most commanders are doing now.
I mean seriously it is not possible for Singapore to fight any long haul wars, that is a fact.
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Yes, longer loan and end up no more CPF for old age.
Sell house or downgrade if not no monies for old age.
Enhancing the price for properties is making the rich becoming richer as most Singaporean own only 1 property and that is the HDB flat.
Only an idiotic minister will think it that way. Higher property price will result in higher rent for all busineses and hence high cost of living.
I will give a hammer to PAP this time round as I am under Aljunied GRC.
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Originally posted by Keen on u2000:
Because, its been drilled into our minds by countless repeating of the Mantras that more reserves = always good.
There was a story recently about how much money (reserves) this guy had in his CPF, but when he succumb to his illness, he had no chance to enjoy the fruits of his labour.
Reserves are good when it is used appropriately, not like squandering it away on frivolous overseas investment acquistion like what Temasek and GIC is doing.
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GST is to help the poor.
Let me do a simple calculation which is fabrication.
Assuming a poor man earns $1000/mth. 20% goes to CPF.He has $800 cash monthly. Since $800 is not much, he will be spending all of it. He incurs 7% GST on $800 which amounts to $56 a month.
Assuming he has no bonus, no commission, no annual wage supplement. He would have paid $672 in GST in a year.
Taking five years, he would have paid $3,360 in GST.
Now let's look at the Growth and Share Package. Assuming he is 55 years old. He gets $800 growth dividend, and $400 for Medisave top-up and another $700 for work share, $1400 for WIS. Add the fact he's an ex-NS-men $100. A total whoopass amount of $3400.WIS 1400, WSB 700, GD 800, ex-NS-men 100, Medisave Topup 400
Congratulations, GST will help the poor by $3,400 minus $3,360. If the poor is a woman, $3,300 minus $3,360.
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Originally posted by Almond Cookies:
MAHBORO poster haha lol. I saw nicole seah poster at rally too.
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So many fans out there.
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Vote PAP if you want your 3-Room HDB to increase till $1 million.
Vote PAP if you want to pay your 3-Room HDB till you are in your 60s.
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Is it me or did anyone else read in today's newspaper that SM Goh said he was solidly behind Raymond Lim and Wong Kan Seng, but he left out Mah Bow Tan? Someone getting thrown under the bus for policy failures?
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I'm utterly disappointed with the housing policies in singapore. My sis bought her punggol 4 room flat at $210k 3 years ago. however, the newly launched punggol flat which is of the same size and probably same range as my sis's flat is costing at $390k. Also, the five room flat is already hiting 400k and above!
Marble tan! dont tell me $180k differences is due to 3 years of inflation?
AND HDB should be more TRANSPARENT! LIST OUT THE COST!!!!...
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$180k increment in price within 3 years? Wow!!!, thats 62% increase in "value" per year. I am so "impressed" with MBTs "achievement" in making Singaporeans "richer" by quadrapling the value of their HDB. Very soon, only millionaires would be able to purchase HDB and unless your a multi-billionaire, don't even imagine of private homes or landed properties.
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Dear minister, with longer term (housing loan), you told the pple we pay lower. But can the pple be able to hold on to their job for that long? Espcially foreign workers are inside our shore willing to work for a very low pay? Can the pple work for a low salary to feed the children and aging parents? Also long term housing loan? You are kidding me?
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Originally posted by likeyou:
Dear minister, with longer term (housing loan), you told the pple we pay lower. But can the pple be able to hold on to their job for that long? Espcially foreign workers are inside our shore willing to work for a very low pay? Can the pple work for a low salary to feed the children and aging parents? Also long term housing loan? You are kidding me?
He think people are puppets
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Originally posted by likeyou:
Dear minister, with longer term (housing loan), you told the pple we pay lower. But can the pple be able to hold on to their job for that long? Espcially foreign workers are inside our shore willing to work for a very low pay? Can the pple work for a low salary to feed the children and aging parents? Also long term housing loan? You are kidding me?
The game is simple - by selling you overpriced HDB flats, they effect a transfer of wealth from you to the reserves. If you run out of money later on in your life, don't worry - they will give you Grow and Share bonuses out of the reserves (if you play ball). Game, set and match! -
I'm not sure if higher HDB sales prices results in higher GDP, but if it does then more bonus kerchiiinnnngggggg!!!!
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Rubbish...the longer your housing loan, the more interest you pay! Mind you, the interest is not small as well!
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Originally posted by HyuugaNeji:
Rubbish...the longer your housing loan, the more interest you pay! Mind you, the interest is not small as well!
It's not about length of loan or interest rates.
It's always affordable, so don't worry.
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Originally posted by HyuugaNeji:
Rubbish...the longer your housing loan, the more interest you pay! Mind you, the interest is not small as well!
The more interest you pay, the higher the GDP and the higher their bonus kerchinnnggg!!! -
thank you tampines voters.....thank you thank you.
MBT has won!........housing costs will remain affordable.....thank you thank you
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you can slog for 30 years ohooooooooooooooooooooooooooo
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MBT has got higher percentage than GCT!! tampines residents scared?? LOL. hai. gonna ballot for flat this month. if not. 4 room flat gonna go 490k lor..=(
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if they dun reduce the loan to 10 years or less and make housing more affordable to first time buyers for HDB.
Next election no need to say. Just vote PAP out.
Lee Hsien Loong become minister for 2 terms. See what happen.
2006 - 63% Vote for PAP
2011 - 60%
2016 - 48% - Bye Bye PAP. Opposition is forming a new government. No need to vexed on inflation, Forced her to chase GDP where our salary din increase but your one keep on increasing with bonus. You only land yourside in this plight.
Well Done - LHL. Your dad will jump out at u soon. PAP Mandate is declining and getting weaker.
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Originally posted by Itedino:
if they dun reduce the loan to 10 years or less and make housing more affordable to first time buyers for HDB.
Next election no need to say. Just vote PAP out.
Lee Hsien Loong become minister for 2 terms. See what happen.
2006 - 63% Vote for PAP
2011 - 60%
2016 - 48% - Bye Bye PAP. Opposition is forming a new government. No need to vexed on inflation, Forced her to chase GDP where our salary din increase but your one keep on increasing with bonus. You only land yourside in this plight.
Well Done - LHL. Your dad will jump out at u soon. PAP Mandate is declining and getting weaker.
He said on TV that they have a "clear mandate", he did accidentally say once that they have a "strong mandate".
So "strong mandate" is anything above 50%.
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It's very good, every Singaporean wants to have their 3-Room HDB increase to $1million.
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chey 1 million only. someone can make in in a year or so...while other shave to queue up to buy TOTO for a chance.
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Originally posted by googoomuck:
thank you tampines voters.....thank you thank you.
MBT has won!........housing costs will remain affordable.....thank you thank you
As a thank you from MBT, housing loans will be now even more affordable with 40 years loan.
Sign up now for 40 years loan!