Club 30's "Kill the Boredom Demon" Jive Pad 140th Edition
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Originally posted by LOTUSfairy:
pple would say, they need the COV for renovating the next place they arestaying..some of them need the COV for urgent matters.. so they have to sell their flats, especially if it is good location.
the need the COV to cover the COV of the next place.. where got money left to renovate? -
Originally posted by LOTUSfairy:
pple would say, they need the COV for renovating the next place they arestaying..some of them need the COV for urgent matters.. so they have to sell their flats, especially if it is good location.
well, I'd need the COV that they're asking for to renovate my flat! I'm sure as hell not going to take up a renovation loan
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Originally posted by Fatum:
it'll only be a temporary measure regardless, till our new flat comes.
But I really enjoy her place though. when you wake up in the morning and the sun is rising over the sea and the breeze is picking up .....
marine parade is really the best HDB estate in singapore.
haiz.. who doesnt want a place near the beach.. even no pool, just wake up, open the back door and stares at the beautiful sunrise (no crowd of course)... heaven..
and hope no tsunami comes crashing over lah..
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Originally posted by av98m:
well, I'd need the COV that they're asking for to renovate my flat! I'm sure as hell not going to take up a renovation loan
i need the 1st timer like us is the jialat one cos we have no flat to ask for COV from our buyers.. COV roll over...but then, u got backup...u are very intelligent (1st time i praise u) to plan early last time..
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Originally posted by Fatum:
it'll only be a temporary measure regardless, till our new flat comes.
But I really enjoy her place though. when you wake up in the morning and the sun is rising over the sea and the breeze is picking up .....
marine parade is really the best HDB estate in singapore.
you are mistakened...the moment Lau Goh goes, you think for one moment they're not going to declare the HDB flats there "old and crumbling" and then shove all the people to other HDB places, then sell the whole place to the condo developers?
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its a cruel biz world, we are not up there, we shall abide by it... just struggle..
unless there is any of us up there, he/she would not be saying this here liao lor..
we complain too many cars on the road causing traffic jam.. cars with 4 pple save road space, how about those 1 person per car that makes the jam longer.. ?
how about practicing new law, one car per person must pay extra "$ tag" to cut down the traffic thingy.. then there will be uproar..! so when they make pple pay gentry lor... fair for all.. everyone still will complain..
in the end, everybody never be happy..
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Originally posted by LOTUSfairy:
i need the 1st timer like us is the jialat one cos we have no flat to ask for COV from our buyers.. COV roll over...but then, u got backup...u are very intelligent (1st time i praise u) to plan early last time..
COV is a vicious cycle. In the end everyone just pays more for the same thing. Since everyone pays inflated prices, they also have to sell at inflated prices. And the cycle continues. If the government puts a stop to it now, the current lot will suffer a loss but the rot stops now. But because there will be a riot if they do that, current and future generations will have to continue to suffer.
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Originally posted by LOTUSfairy:
what time is your tea break? me and friend reach only 1300hr.. and leaves Suntec at 1730hr.. we can have short tea break between that :)
I do not have an official teabreak timing over here...But I can leave office for awhile though...
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Originally posted by ^Acid^ aka s|aO^eH~:
I do not have an official teabreak timing over here...But I can leave office for awhile though...
oki.. how about u giving us a time, we need to jog over...:) i saw the pho place, we need 10 mins to brave thru the shopping crowd.. -
Originally posted by av98m:
COV is a vicious cycle. In the end everyone just pays more for the same thing. Since everyone pays inflated prices, they also have to sell at inflated prices. And the cycle continues. If the government puts a stop to it now, the current lot will suffer a loss but the rot stops now. But because there will be a riot if they do that, current and future generations will have to continue to suffer.
i dun think this COV will ease for the next 5 years.. unless the world goes into recession again.. -
Originally posted by LOTUSfairy:
its a cruel biz world, we are not up there, we shall abide by it... just struggle..
unless there is any of us up there, he/she would not be saying this here liao lor..
we complain too many cars on the road causing traffic jam.. cars with 4 pple save road space, how about those 1 person per car that makes the jam longer.. ?
how about practicing new law, one car per person must pay extra "$ tag" to cut down the traffic thingy.. then there will be uproar..! so when they make pple pay gentry lor... fair for all.. everyone still will complain..
in the end, everybody never be happy..
This is a true story someone related to me:
There was this large company that was facing hard times. Management asked the employees to choose between 2 options:
1. everyone takes a 15% pay-cut and there will be no need for retrenchment
2. pay remains the same but 20% of the employees will be laid off.
In the end nearly everybody chose option 2!!! Those that got the pink slips were shocked that they got axed. They didn't think it would happen to them.
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Originally posted by av98m:
If I didn't have to buy my place at a highly inflated price with COVs in the first place, this wouldn't even be an issue. You're essentially saying that bad practices need to continue because they've already started a negative spiral with regards to profit making and nobody wants to lose out.
well, read what LF's said. It's a conundrum. What's the right thing to do for one group, would be the wrong thing to do for another. There are two sides of this coin. Of course, from your side of the coin right now, it'll be the wrong thing to do.
But let's look at it from another angle shall we ? Why is assets appreciation and wealth creation important ? Because in practically every country in the world, especially ones with first world economies, housing represents your single biggest cost over your lifetime. It takes up the largest chunk of your income. It would also be your single biggest asset.
Now imagine the single thing that you've spent the most amount of money you've made on, can only remain a black hole, and a neccessary one, because the value of which is not allowed to appreciate via a free market mechanism.
Would you be happy ? I'm sure you'd be cursing the powers-that-be just as much then.
And further more, it's not always correct that you'll always loose out when you sell your flat and get another one cos you'd be hit with the double whammy of another COV all over again. I'll give you an example. The last HDB transaction I was involved in, this family lived in a 4 room flat, when the childre reached their teens and needed a room each they applied for a 5 room BTO and got it. When they sold their 4 room, they got it for more than what the 5 room cost. So their new house practically paid for itself, even after levy. Shiok neh ? Of course, try selling the idea of no COV to the family.
People buy and sell their flats for all sort of reasons. I've seen it all, people selling to pay off gambling debts, to cash in to travel around the world, to pay for the kid's cambridge law degree, to upgrade to condo, to get out of bankruptcies, to pay off a particularly huge overseas medical bill. Regardless of the reasons, it is important to all these people that they were able to monetize their assets. In some cases their lives depend on it. If they weren't able to get a premium on what they paid for the flats, they would all be quite farked.These are the people on the other side of the coin you're standing on.
People like to blame property agent chaps for high prices of course, it comes with the turf. But I tell you, our instincts is actually to push down the prices to make the deal go quicker. Let me work out the sums for you. our commission averages 1%, so for every 10,000 we can wheedle up in prices, we'd only make $100 more ... in terms of opportunity costs, we'd much prefer to close the deal as quickly as possible, instead of sqeezing out a further 10 or 20k from the buyer, and move on to sell another house, where we may pick up another 10k instead of 100 bucks.
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Originally posted by LOTUSfairy:
oki.. how about u giving us a time, we need to jog over...:) i saw the pho place, we need 10 mins to brave thru the shopping crowd..
there's 3 place here that sells pho... not sure which one u're refering to... I also dunno wat to have for tea... I also dunno if whether will there be any stuff require me to clear in the afternoon wor...and waittttt~~~ I'm having buffet for dinner, teatime only drink nia... strictly no food... so I can unleash the acid in me when I go for buffet tonite
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Originally posted by av98m:
This is a true story someone related to me:
There was this large company that was facing hard times. Management asked the employees to choose between 2 options:
1. everyone takes a 15% pay-cut and there will be no need for retrenchment
2. pay remains the same but 20% of the employees will be laid off.
In the end nearly everybody chose option 2!!! Those that got the pink slips were shocked that they got axed. They didn't think it would happen to them.
haiz.. it's the work of the clan... ! those did not discharge are the closely knitted ones who secured their positions and scarificed the rest right.? it's scheme work!
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Originally posted by ^Acid^ aka s|aO^eH~:
there's 3 place here that sells pho... not sure which one u're refering to... I also dunno wat to have for tea... I also dunno if whether will there be any stuff require me to clear in the afternoon wor...and waittttt~~~ I'm having buffet for dinner, teatime only drink nia... strictly no food... so I can unleash the acid in me when I go for buffet tonite
okiwoki.. where to have nice high tea thingy.. i need a bit of muffins stuff like that...or maybe, ice cream!!
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frankly, if the goddamned MIW put their foot down in the first place, this would not have happened...
appreciation of assets? don't make the "asset" become a liability..
by inflating the cost of the "asset" so that it is unsustainable like it is right now, it becomes one hell of a liability in the end...
so.. hands up those who heard of the guy who had to top up the loan because the value of his "asset" fell in a crash so much that his loan is way more than the value?
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Originally posted by LOTUSfairy:
haiz.. it's the work of the clan... ! those did not discharge are the closely knitted ones who secured their positions and scarificed the rest right.? it's scheme work!
actually no. the moral of the story is that if not for selfishness, everyone would have kept their jobs!
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now think of it, the wrong thing to do is the best witty strategy.
do what my galfriends are doing...
met and quick marry a husband with parents with big house, his parents dies, transfer name to hubby and myself... then quick divorce take the money..
retire early and rich :) there scheme secured..no need to think COV.!
me bad!
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Originally posted by the Bear:
frankly, if the goddamned MIW put their foot down in the first place, this would not have happened...
appreciation of assets? don't make the "asset" become a liability..
by inflating the cost of the "asset" so that it is unsustainable like it is right now, it becomes one hell of a liability in the end...
so.. hands up those who heard of the guy who had to top up the loan because the value of his "asset" fell in a crash so much that his loan is way more than the value?
well, if COVs were to be outlawed, such things still happen because economic crashes are things beyond anyone's control.
However, taking away the COV mechanism would certainly hinder the recovery of asset values, making asset prices practically a one way street. People would be farked over, much longer in such a crash.
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Originally posted by LOTUSfairy:
now think of it, the wrong thing to do is the best witty strategy.
do what my galfriends are doing...
met and quick marry a husband with parents with big house, his parents dies, transfer name to hubby and myself... then quick divorce take the money..
retire early and rich :) there scheme secured..no need to think COV.!
me bad!
you certainly seem to have a lot of bitch friends!
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Originally posted by av98m:
actually no. the moral of the story is that if not for selfishness, everyone would have kept their jobs!
on the other hands, why all choose option 2. must be clan leaders who lead them by the nose... and yah, the selfishnes step in. i am sure not all chose option 2, it has to be balloting, the majority wiins..
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Originally posted by av98m:
actually no. the moral of the story is that if not for selfishness, everyone would have kept their jobs!
nash equilibrium ! ....
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Originally posted by LOTUSfairy:
okiwoki.. where to have nice high tea thingy.. i need a bit of muffins stuff like that...or maybe, ice cream!!
Anderson? or watever icecream shop below the escalator near POSB...Other then tat currently nthing I can think of over here le... We do have quite some coffee place over here... but I boycott the Old Town White Coffee >__>
There's more over at marina square and millenia walk but it's abit far for me to go for teabreak... (as in the timing)
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Originally posted by Fatum:
well, read what LF's said. It's a conundrum. What's the right thing to do for one group, would be the wrong thing to do for another. There are two sides of this coin. Of course, from your side of the coin right now, it'll be the wrong thing to do.
But let's look at it from another angle shall we ? Why is assets appreciation and wealth creation important ? Because in practically every country in the world, especially ones with first world economies, housing represents your single biggest cost over your lifetime. It takes up the largest chunk of your income. It would also be your single biggest asset.
Now imagine the single thing that you've spent the most amount of money you've made on, can only remain a black hole, and a neccessary one, because the value of which is not allowed to appreciate via a free market mechanism.
Would you be happy ? I'm sure you'd be cursing the powers-that-be just as much then.
And further more, it's not always correct that you'll always loose out when you sell your flat and get another one cos you'd be hit with the double whammy of another COV all over again. I'll give you an example. The last HDB transaction I was involved in, this family lived in a 4 room flat, when the childre reached their teens and needed a room each they applied for a 5 room BTO and got it. When they sold their 4 room, they got it for more than what the 5 room cost. So their new house practically paid for itself, even after levy. Shiok neh ? Of course, try selling the idea of no COV to the family.
People buy and sell their flats for all sort of reasons. I've seen it all, people selling to pay off gambling debts, to cash in to travel around the world, to pay for the kid's cambridge law degree, to upgrade to condo, to get out of bankruptcies, to pay off a particularly huge overseas medical bill. Regardless of the reasons, it is important to all these people that they were able to monetize their assets. In some cases their lives depend on it. If they weren't able to get a premium on what they paid for the flats, they would all be quite farked.These are the people on the other side of the coin you're standing on.
People like to blame property agent chaps for high prices of course, it comes with the turf. But I tell you, our instincts is actually to push down the prices to make the deal go quicker. Let me work out the sums for you. our commission averages 1%, so for every 10,000 we can wheedle up in prices, we'd only make $100 more ... in terms of opportunity costs, we'd much prefer to close the deal as quickly as possible, instead of sqeezing out a further 10 or 20k from the buyer, and move on to sell another house, where we may pick up another 10k instead of 100 bucks.
MY side of the coin is that of the hapless single who will never qualify for BTOs, never get married, can't afford a condo, and is forced to look at the open market to secure a roof over his/her head. and from our point of view, COV is a very bad idea.
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Originally posted by av98m:
you certainly seem to have a lot of bitch friends!
i am sure everyone has many of them... its pretty depressing to hear their stories... but that's life, pple are selfish..u said it..for friends, we could do is to sit and watch their drama lor..
haiz..