MAS urges homebuyers to exercise prudence, as housing loans drive an increase in household debt.
People fail to understand what they are talking about or trying to sound like they are concerned.
Unless you are in the business line, your income is black & white and with all kinds of rules and regulations in place for loans, not like in the past where 100% were attainable for properties. Unless some have cleverly found loopholes around their loans, we don't see any cause to be wary. But then we do not have the data?
There are 3 types of rigid rules and regulations regarding properties. One, it does not affect the super-rich or the legislators. Two, it obstructs the ones who genuinely need homes for families. Three, the abusers find ways to cheat the system by being crooked. Whatever rules or regulations they formulate, it has always been self-motivated to the core.
In the past, the government looked after the people. Now they look after themselves.
We need to let people borrow as much as possible to buy as big as possible houses, like in 1993 when animal spirits were strong and economy boomed for many years.
Countries ranked by per capita income, social support networks, healthy life expectancy, individual freedom, philanthropy, and the absence of corruption in government and business. 1 Finland 2 Denmark 3 Switzerland 4 Iceland 5 Netherlands 6 Norway 7 Sweden 8 Luxembourg 9 New Zealand 10 Austria 11 Australia 12 Israel 13 Germany 14 Canada 15 Ireland 16 Costa Rica 17 United Kingdom 18 Czech Republic 19 United States 20 Belgium 21 France 22 Bahrain 23 Malta 24 Taiwan 25 United Arab Emirates 26 Saudi Arabia 27 Spain 28 Italy 29 Slovenia 30 Guatemala 31 Uruguay 32 SINGAPORE
76 Russia 77 Hong Kong 79 Vietnam 81 Malaysia 82 Indonesia 84 China
MAS urges homebuyers to exercise prudence, as housing loans drive an increase in household debt.
ReplyDeletePeople fail to understand what they are talking about or trying to sound like they are concerned.
Unless you are in the business line, your income is black & white and with all kinds of rules and regulations in place for loans, not like in the past where 100% were attainable for properties. Unless some have cleverly found loopholes around their loans, we don't see any cause to be wary. But then we do not have the data?
There are 3 types of rigid rules and regulations regarding properties.
ReplyDeleteOne, it does not affect the super-rich or the legislators.
Two, it obstructs the ones who genuinely need homes for families.
Three, the abusers find ways to cheat the system by being crooked.
Whatever rules or regulations they formulate, it has always been self-motivated to the core.
In the past, the government looked after the people. Now they look after themselves.
Power without love is reckless and abusive.
ReplyDeleteWe need to let people borrow as much as possible to buy as big as possible houses, like in 1993 when animal spirits were strong and economy boomed for many years.
ReplyDeleteWORLD'S HAPPIEST COUNTRIES AND TERRITORIES
ReplyDeleteCountries ranked by per capita income, social support networks, healthy life expectancy, individual freedom, philanthropy, and the absence of corruption in government and business.
1 Finland
2 Denmark
3 Switzerland
4 Iceland
5 Netherlands
6 Norway
7 Sweden
8 Luxembourg
9 New Zealand
10 Austria
11 Australia
12 Israel
13 Germany
14 Canada
15 Ireland
16 Costa Rica
17 United Kingdom
18 Czech Republic
19 United States
20 Belgium
21 France
22 Bahrain
23 Malta
24 Taiwan
25 United Arab Emirates
26 Saudi Arabia
27 Spain
28 Italy
29 Slovenia
30 Guatemala
31 Uruguay
32 SINGAPORE
76 Russia
77 Hong Kong
79 Vietnam
81 Malaysia
82 Indonesia
84 China
103 South Africa
105 Pakistan
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