atans1

Thailand, M’sia, S’pore got a problem/ S’poreans stupid?

In Economy, Financial competency, Malaysia, Property on 26/04/2015 at 3:21 am

Singapore – where the ratio of household debt is 75% About 75% of this household debts are mortgage loans – See more at: http://www.straitstimes.com/news/opinion/eye-the-economy/story/spore-not-headed-debt-disaster-20141125#sthash.oh3vAXO3.dpuf

The “affordable” 25 year HDB loan is responsible for S’pore’s high household debt. And remember it’s not freehold not a 99-yr lease from the govt.

S’poreans like Brits are stupid? [T]he economists calculate that homeowners discount future benefits over the very long run at a rate of 2.6% per year. This is lower than the rates used by governments to assess infrastructure projects or by pension funds to evaluate their liabilities, and suggests that the general public is more patient than the authorities give it credit for.

http://www.economist.com/blogs/freeexchange/2015/04/very-long-run-discount-rates

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  1. Good, good. Asian financial crisis Part 2, combined with Global financial crisis Part 2, by 2016.

    Waiting for S’pore’s streets & rivers & longkangs to overflow with blood.

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