Club 30's "Kill the Boredom Demon" Jive Pad 140th Edition
-
Originally posted by Fatum:
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.
not really.. letting the greed of people overcome sensibility is a sure way of causing bigger crashes...the private property places can go to blazes coz it's really free market.. it comes back to this: HDB are NOT private property... they are leased housing by the gabrament.. they are NOT to be used for making profits... they are built to house the masses...
and unfortunately, the MIW are here to make a profit.. and paint a rosy picture out there... it all adds to the GDP but in real terms, it's an empty shell..
-
Originally posted by av98m:
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.
ooi, me in this situation for a few years liao lor..
-
Originally posted by ^Acid^ aka s|aO^eH~:
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)
yellow..i am at the expo, i oso dun wanna to run all the way there.. hehehe..Anderson shall be
-
damn, it; 1150hr liao
arghh.. me late!
-
Originally posted by av98m:
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.
And you have my sympathies. You can't believe how many chaps I know gave me the mandate to "look for a place with no COV" when I told them I've become a minted agent. What can I do ?
actually, you're not as farked. You're a white collar chap. At a pinch, or even a hard squeeze, you can get yourself a place.
Now imagine the blue collar singles ..... who are the ones really really farked ? I think it's them.
-
morning.
went out.. purchased its water heater...
-
Originally posted by Fatum:
And you have my sympathies. You can't believe how many chaps I know gave me the mandate to "look for a place with no COV" when I told them I've become a minted agent. What can I do ?
actually, you're not as farked. You're a white collar chap. At a pinch, or even a hard squeeze, you can get yourself a place.
Now imagine the blue collar singles ..... who are the ones really really farked ? I think it's them.
actually i do have a place, remember? but what I plan to do is to transfer it back to my old man or transfer it to my mother and get a 4-room out of my own pocket. not the smartest thing....but its a guy thing, i'm sure you'll understand.
and the current prices are pretty hard to swallow for both white and blue collar folks really.
-
Originally posted by av98m:
actually no. the moral of the story is that if not for selfishness, everyone would have kept their jobs!
actually I'm more shocked that people would choose option 2... :O
must be the workplace is really .. uhh.. not much camaraderie.
-
Originally posted by LOTUSfairy:
yellow..i am at the expo, i oso dun wanna to run all the way there.. hehehe..Anderson shall be
eh remember not to eat too much -
the flat prices, some ppl can't think it out.
I follow e trend sell at record prices, but where am I going to stay? It's a stupid yet horrifying cycle.
-
Originally posted by the Bear:
not really.. letting the greed of people overcome sensibility is a sure way of causing bigger crashes...the private property places can go to blazes coz it's really free market.. it comes back to this: HDB are NOT private property... they are leased housing by the gabrament.. they are NOT to be used for making profits... they are built to house the masses...
and unfortunately, the MIW are here to make a profit.. and paint a rosy picture out there... it all adds to the GDP but in real terms, it's an empty shell..
well, if you think about it, the HDB policies are still semi socialist. Yes, it's true that BTO flats are priced slightly above their cost price, but then they are used to subsidize buyers of resale flats, each of whom get 30-40k each, and poorer buyers, with their additional housing grants of up to 40k each. And judging from the number of resale transactions; each quarter around 8500 transactions, the subsidies required is much bigger than whatever supposed profits there is.
As for the HDB resale market, whether it should be allowed to exist at all, that's another issue altogether.
-
acid sms me your hp number.. my phone arggghh!!..
-
Originally posted by cassie:
eh remember not to eat too much
orh..*cross fingers..*
-
Originally posted by sbst275:
the flat prices, some ppl can't think it out.
I follow e trend sell at record prices, but where am I going to stay? It's a stupid yet horrifying cycle.
if people are going to monetize their asset this way, would they be stupid enough to just sell off the place first and then get flummoxed by the question of where to stay next ? Or be flummoxed by the cost of their new place ?
of course, if they've made the consious decision to sell their current place, they must have either a pressing, urgent need to cash out, as I've shown above, or have decided they'll still make more money in an alternative housing arrangement, eh ?
-
okidoki.. i need to dash off liao... talk tonight.. the hdb thingy is getting interesting.. -
Originally posted by Fatum:
if people are going to monetize their asset this way, would they be stupid enough to just sell off the place first and then get flummoxed by the question of where to stay next ? Or be flummoxed by the cost of their new place ?
of course, if they've made the consious decision to sell their current place, they must have either a pressing, urgent need to cash out, as I've shown above, or have decided they'll still make more money in an alternative housing arrangement, eh ?
hard to say wo.I've been having a feeling some simply was lucky n got a BTO flat.
But heck, I believe tis 2 yrs should go back to old days, build flats and not BTO.
-
Originally posted by sbst275:
hard to say wo.I've been having a feeling some simply was lucky n got a BTO flat.
But heck, I believe tis 2 yrs should go back to old days, build flats and not BTO.
actually, that's true .....
fatumnette and I were truly truly lucky ...... you can't believe how so.
We got a cheap place near to my parents, on our first try, and just in time as well, though I'd have to start reporting income tax by this year, fatumnette got a pay rise right AFTER we were informed of our ballot success. This payrise would put us out of the income ceiling. Luckily, the income statement for the previous year was enough to make us still eligible for our new place.
If not we'd be quite farked as well. We'd have to look for a place on the resale market, and her 3 room bachelorette would not be quite enough for a couple and a dog and a rabbit, not to mention any kids.
-
Originally posted by Fatum:
actually, that's true .....
fatumnette and I were truly truly lucky ...... you can't believe how so.
We got a cheap place near to my parents, on our first try, and just in time as well, though I'd have to start reporting income tax by this year, fatumnette got a pay rise right AFTER we were informed of our ballot success. This payrise would put us out of the income ceiling. Luckily, the income statement for the previous year was enough to make us still eligible for our new place.
If not we'd be quite farked as well. We'd have to look for a place on the resale market, and her 3 room bachelorette would not be quite enough for a couple and a dog and a rabbit, not to mention any kids.
Actually it's left towns like Bt Panjang, Sengkang, Punggol, Yishun, Sembawang that has big potential for more flats.
Choa Chu Kang, Bt Batok, Woodlands has pockets left to go around.
-
While running an errant at Upper Thomson Road, I decided to pamper myself with a stumpous lunch. Yes, it's Parker restaurant and yes, it cost 4 times my normal lunch of cai png but it's worth it.
Tak bugolgi or Chicken Hotplate. The side dishes were very good today. Other than the green spanish, I ate everything. That orange strips are not carrot but cuttlefish. Too bad I have work to do. Otherwise a cup of soju with the cuttlefish would be wonderful.
-
your love of korea extends beyond dramas eh .....
okie lah ! ... I'll go eat korean also .... some kimchi may cure my current constipation .....
-
going off for lunch soon
to warm up its water later in e afternoon.
-
Ooooo ....
I just kenna a red summon from my indian army buddy .....
wonder how shall I bao the ang bao huh ......
*trots off to forage ....
-
hey err my CC having some Korean Day thingy at Toa Payoh Central near the library... got food and performances this Saturday from 11 am
but I don't know what sort of food :O got time can go looksee.
Can take photo in korean clothes and all too if you are into this type of thing.
-
Originally posted by Fatum:
your love of korea extends beyond dramas eh .....
okie lah ! ... I'll go eat korean also .... some kimchi may cure my current constipation .....
It's food first.....anyway, I bought a bootle of makegoli or rice wine home.... -
back from lunch.. some ABC soup.. and a bit of rice.. and some barley tea...
feeling stuffed full..
now i'm sleepy
