tag:blogger.com,1999:blog-297647034431552481.post1154725299548460261..comments2023-10-25T17:13:52.119+08:00Comments on Musings From the Lion City: Asset Rich, Cash PoorGhosthttp://www.blogger.com/profile/05160118520611754510noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-297647034431552481.post-51211192862510932902010-03-30T03:58:13.205+08:002010-03-30T03:58:13.205+08:00pap is just wanting to cover all backsides.
for t...pap is just wanting to cover all backsides.<br /><br />for those who can afford, pap wants to trick them into thinking rising property prices are good because their assets go up.<br /><br />for those who are poor, pap wants them to know that they cannot rely on pap for assistance after they sell off their flats to pay debts.<br /><br />there you have, pap ministerial all-purpose double-speakAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-297647034431552481.post-22704039104110127972010-03-29T15:02:28.491+08:002010-03-29T15:02:28.491+08:00Frankly I disagree with doing a reverse mortgage o...Frankly I disagree with doing a reverse mortgage on a HDB flat. Calling it tricky is an understatement in my view but if the flat is an asset, then the elderly should be allowed to sell. I mean what’s the use of an asset if you can’t get rid of it for cash when you need the money?Ghosthttps://www.blogger.com/profile/05160118520611754510noreply@blogger.comtag:blogger.com,1999:blog-297647034431552481.post-49135308669754055082010-03-29T13:33:13.025+08:002010-03-29T13:33:13.025+08:00Counting one's HDB flat as an appreciating ass...Counting one's HDB flat as an appreciating asset is really misleading. Unless you intend to emigrate, can you really benefit from the price appreciation?<br /><br />After you sell your house, where would you go? Into another equally pricey apartment.<br /><br />Even the concept of doing a reverse mortgage for senior citizens is tricky as it is a 99 year leas-hold and not a free hold.<br /><br />Strictly speaking, if you think about the HDB flat's worth in terms of its utility instead of the speculation induced price, it is actually depreciating since the amount of time you can live inside is being reduced.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-297647034431552481.post-68580704340253589842010-03-29T13:26:30.684+08:002010-03-29T13:26:30.684+08:00We have a bunch of clowns - a bunch of heartless, ...We have a bunch of clowns - a bunch of heartless, brainless clods up there 'looking out' for our 'best' interest. <br /><br />But one thing is too obvious from the many many contradictory remarks they have made - they don't think for to micro-seconds what they say to you. That, in my books shows only arrogance and a lack of conscientiousness.<br /><br />These people have well fed bellies and swollen egos who care nothing for what they do to others.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-297647034431552481.post-7181488162890207782010-03-29T11:28:15.205+08:002010-03-29T11:28:15.205+08:00Mah Bow Tan say we can montetize our flats; Lee Hs...Mah Bow Tan say we can montetize our flats; Lee Hsien Loong says we should not sell. How?sgcynicnoreply@blogger.com