I feel it is an extremely crucial period for Singaporeans to stand together during this economic slowdown so we can pull through it together. This is a better move compared to pointing fingers at somebody or even feeling depressed about it.
Too much money is not always good, because money complicates matters.
Attempting to develop a piece of land without doing the appropriate due diligence can lead to unexpected surprises during the project. Failing to do so is one of the main reason as to why companies can go bankrupt after the project has commenced.
If you are lagging behind in your housing loan payments due to some financial reasons, do not avoid the problem and call up your bank to negotiate the payment terms...
Never assume your lender will take charge of your finance. Take a pro-active role in managing your own personal finance. It is your matter, not theirs.
Property prices may drop, but I do not think it will drop that fast. The consumers are more financially educated as compared to the last crisis, plus the interest rates are very low now...
Property investing is one of the best method for acquiring wealth.
No analyst, investment banker, consultant or even a fortune teller will be able to tell you when prices have hit bottom. You can start buying now, so as not to miss the opportunity...
Leveraging on debts is definitely a useful method for gaining more wealth. The issue is, do you have your own set of risk management system to ensure you do not take on more debts than needed?
Leveraging on debts for investments can be very fruitful, or dangerous. It is a double edged sword
