Re : Govt should relook income qualifying levels

last SG · 2006-10-08T21:32:10+00:00

$8k is sufficient if u manage yr lifestyle and have a level headed expenditure. not enuf if u live like there is no tomorrow. for the chap who wrote to the...

pipipopo SG

act blur?....the 8k couple will be elligible for loans up to 500k so they are able to finance and serive up to that.

those who can afford this loan are elligible and should (according to the 8k income and above ceiling) not be elligible for HDB flats. this is not what i said but the rule laid down by HDB. so what if its what i said...its still a rule laid down by HDB Laughing yes 500k is more than the average price of a new hDB flat, in fact more than that of a resale HDB flat in the open market. to revovte what i have proven as the calculator and your claims that my words are vague, where did you get your information then to write those words? where are your claims then?

pipipopo SG

these are not my problem...stick to the 8k duet scenerio...your friends got problem start another thread on those problem..trying to going around in cirlce again> great..now going around in many new circles...for me to reply to this specify post is very easy...because after i read the first few sentences i am able to make a reply already. your friend's prob are not the point here in this discussion this thread.

pipipopo SG

yes i agree...i got a friend who is caught in a 6k dilemma too..so my 4k and 2k guys are happy but not those with 6k income...the gahmen are trying to set and enforce a rulin..its not like an everyday auction.

pipipopo SG

back in the mid 90s many people in sg were making tons of profit buying and selling flats and private property, and those who invested in property (both overseas and loca) thrived too! If you ask around you will know. i guess good times don't last. now i just hope the policy will benefit those low income level group who are truely in need of a clean break to own a flat they can afford to service.

elindra SG

I think it kinda forces you to get married earlier too.
Alot of my friends bought a HDB flat and got married earlier before their combined income hits 8k.

Coz if you don't get married early and once your pay hits 8k, as a couple who just started working for not long, you really don't have that much savings and it is not necessary to buy private property or a condo. Not like condo facilities are so great and you pay more maintanence each month too and then you get caught in that debt trap.

I think it is the gov conspiracy to 'force' working executives who are dating and have intentions to get married earlier Laughing especially if they have wedding plans all along

anonymouscoward SG

You're right! This is NOT your problem. Nobody say it is and nobody say you need to comment.

This is NOT your thread and this is NOT your forum so who cares if we are talking about the 8k couple or not? This is a forum. If your not happy and don't want to reply, please don't. Everyone is welcome to post whatever they wish here.

We are talking about whether the couple said makes sense or not (in case you still haven't got it)

Btw, you still haven't tell us why you think 8k ceiling is justified. Like I said, it is stupid to say that you pump in some number, that what you got and it makes sense. The calculator output is variable and it is not the reason why the ceiling is set at 8k

pipipopo SG

the world is full of abstacles..both static and dynamic...its easier to avoid and forsee a static one coming your way to steer out of it or work your way around it to reach your destination. every family has to plan for themselves..there are ways around such 'obstacle' placed by the gahmen.

pipipopo SG

the couple said don't make sense...who cares? the better part of the population are very low income group who worries more about their bread and butter...those falling below the 8k income ceiling are happily freed without having this income ceiling grudge with the gahmen. those earning 8k and above...some are living iin hdbs cause they know how to evade tax. those who can't either can afford it...or ...or....yes like yourself come this forum grumble.

go strike lor...need banners call me i make banners for all sorts of occasion. pm me for a quote on banner prices.

this is also not your forum so i can post anytime i like.....

back to the 8k duet tpoic shall be? Laughing

elindra SG

Yeah, that was why we decided to get married earlier Laughing since we will be getting married sooner or later.

But there are others who do not have such plans and fall within that bracket.

Anyway, I think most people will come up with a solution when caught in a bind. It's only a matter of wanting to use the solution and not wanting to use it. Laughing

anonymouscoward SG

Yeah.. I think we all need to start planning earlier.

For the couple? Sad to say but I think they are screw. The only way is for one of them to quit their job to bring themselves out of the income ceiling. But they are still slapped with the 30 month time bar; and they can't guanrantee they'll get the job back.

Sucks to be in that situation.

pipipopo SG

i mean its human nature...even those earning less than 8k or even those earning more than 8k find a way to work the way around.

for the thread starter's post the solution is very simple...if its translated in mandarin or other languages even the un-educated can read and understand.

http://www.hdb.gov.sg/fi10/fi10201p.nsf/WPDis/Buying%20A%20Resale%20FlatEligibility%20Scheme%20-%20Public%20Scheme%20(PA)?OpenDocument&SubMenu=Eligibility_Schemes

the solution to the couple's 'woes' is simple. get a resale flat with no income ceiling limit. at 8k income comobined and using the calculator i provide its no problem for the 8k duet at all financially.

the prob with the trhead starter and some guys here is the midset. and gianpeng...even rich ppl also 'gianpeng'..now i know the dress code of a beggar makes no difference, its the mindset of the beggar that makes him a true beggar! Laughing

pipipopo SG

don't giv excuse...u start another thread on the 30 month thing and i will join u there....can u write something more on the '8k duet ' story then? or now you want to play with the time bar?

lets see my achievements so far over you:-

income ceiling arguements: pipipopo-1
mindset issue: pipipopo-1
policy integrity: pipipopo-1
time bar: TBA

just reply that you want to tok about time bar and i will join you...make this thread last shall we?
Laughing

T.Ryousuke SG

The worry for buying a private ppty is the open market interest rate which can hit 5% or more, if a saleman with 5k income but fix pay is only 2k they will only consider the fix amount.

Another point the author mention is having baby, as the govt trying hard to push baby from young couple, this issuse may be an obstacle. Known this ruling is to stop ppl in high income to make money from buy sell, I thing there is other better and effective ways.

anonymouscoward SG

childish

pipipopo SG

loser and beggar...guess who? its you Laughing

Lim Beh Ka Li Kong SG

$8k Man - Hello uncle. Can I buy 1 apple?

Fruitseller - How much you earn?

$8k Man - $8k/mth

Fruitseller - Then you CANNOT buy apple? Only strawberries or mangoes.

$8k Man - Errr Why cannot? That man just now buy 40 cents.

Fruitseller - Hello. Apple is for poor pple one. Some more, mine is SUBSIDISED
one.

$8k Man - You mean the cost price is more than 40 cents?

Fruitseller - No, but I cannot tell you. Anyway, next stall all sell old apples at resale
price of 70 cents. So mine is subsidised

$8k Man - My dad taught me to be thrifty, so I dont want to spend so much on
luxury fruits like strawberries and mangoes. Can I pay more, say 50 cents
for the apple?

Fruitseller - Cannot means Cannot. You rich pple not entited. I got extra apples in the west, pple dun buy I also wont sell to you.

Lim Beh Ka Li Kong SG

Still think we shouldnt deprived Singaporeans of owning a new HDB flat.

After all, young newlyweds have to be financially prudent to take care of the long uncertain road ahead. Less 'subsidy' wld be more appropriate.

To think of it, the $8000 ceiling was set tens of years ago when pple were earning a lot less. It's probably archaic and irrelevant today. I hate to admit it, but there really are a lot of couples who earn more than $8k (combined) these days.

pipipopo SG

any statistic to back this up?

anonymouscoward SG

From IRAS report, 50% of taxpayers earn more than $50k per annum.

ShutterBug SG

Yah what.. it's what they want...

If you earn much, you must spend much so that gov gets to make more.

Otherwise, if every high income individual saves and be thrifty, gov won't make any back.

They make sure you can't hord money! Only they can!
Evil or Very Mad

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