I am really vexed with a lot of things

laosu SG

Do you need a laptop right now? if "NO" then stop paying and let them take back.

dragg SG

i mean for people who wants to buy but cant afford, hire purchase is the only way.

the other good point is that if one cant afford to pay just return the item. thats what he can do right?

or am i wrong?

elindra SG

If you're living on landed property and downgrade to a flat there will definately be money left over to pay your debts Rolling Eyes

laosu SG

Don't think. Anyway you are working part time as an admin right? You should have time to be a tutor coordinator mah.

Your mom stays with you? Mind if I ask you your education level? Maybe you can give one or few tutions at home in your neighbourhood?

laosu SG

If she's living on landed property, I personally don't think she'll have these kind of problems ler.

dragg SG

of hand it is difficult for anyone to give you financial advice as it involves many aspects. it is better to seek professional help.

laosu SG

At this point you still wanna think of depending on ppl arh?
Don't hope and don't wait for it.
Depend on yourself to settle better.

Anyway, another suggestion.
You have a house of your own now right?
Got extra room or at least try to empty one room and rent it out?
Not much income but I think at least got extra $200-$300 per month to help you tide out some stuffs.

elindra SG

Millionaires can go bankrupt overnight too.

Anyway if he is on landed property, downgrading to a flat should solve his problems especially since it is stuff like laptops etc which seriously......

I mean he did mention House and can he afford a flat Rolling Eyes

I dunno....maybe I'm skeptical but he is either petrified by his debts and problems or he is just starting a thread about problems....don't even sound mature to be a father of kids Confused

SingKoala SG

i am living in 5 room now, once sell 5 room which is now price drop alot, i afraid i cant even afford 3 room flat....not becos of the downpayment, but cant apply for any loan.....salary above $1,500 then loan can be approved by bank or HDB.....even than, now all the PUB bill etc are paid by my ex hubby who is still living under the same roof......

i don need that laptop actually, can i wait for them to take back, i really cant pay for that anymore......

to save the housing agent fee, i take up the course to sell my flat myself...hai....thinking maybe can be part time property agent too in future....am i right????

a_splash SG

umm i think if 'can't afford' then later will still be not able to pay...so y want to commit?? Interest on HP is high neh...and if have a few loans at one go...isn't that looking for trouble...

its like unless the monthly pay definitely can pay off...(no one will go round expecting to lost job before losing one mah)...and those things are really needed...then of course go ahead....

else it will be wasting money to commit. pay a few instalment just to own them for a while then be taken back cos no money to pay?? ended up without the things and also money gone....not worth ley.... Rolling Eyes

dragg SG

i understand.

what i mean is people who commit to hire purchase do so because of the 2 points i said. isnt it?

a_splash SG

that's where all the problem lies....

SingKoala SG

i just have my GCE O level, i cant teach nowaday syllabus....it is not easy already.....i rather be the tutor coordinator...

anyway, even online, all this starhub internet payment is paid by my ex hubby who is still living with us....

a_splash SG

everyone heavily in debt....can't run away....asset rich but cash poor

elindra SG

Maybe you can't afford a 4 room but you will be able to afford a 3 room if you are buying from HDB and not the resale market.

Anyway, there is something called a 'bridging' loan from the banks which is an interim loan they give so that you can buy your new property before you receive the money for the flat you just sold.

a_splash SG

sell them to him lah....then borrow from him...

a_splash SG

Originally posted by elindra:

Maybe you can't afford a 4 room but you will be able to afford a 3 room if you are buying from HDB and not the resale market.

Anyway, there is something called a [b]'bridging' loan from the banks which is an interim loan they give so that you can buy your new property before you receive the money for the flat you just sold. [/b]

then will be more heavier in debts.....

dragg SG

how much did you pay for the 5 rm flat?

elindra SG

This is a short term loan
You have to pay them back when you receive the money
Of course they take a cut out of the money received.

If she gets a good price for her flat and get a cheap 3 room, even after the cut there should still be money left.

Of course she will have to work out her sums properly.

a_splash SG

Originally posted by elindra:

This is a short term loan
You have to pay them back when you receive the money
Of course they take a cut out of the money received.

If she gets a good price for her flat and get a cheap 3 room, even after the cut there should still be money left.

[b]Of course she will have to work out her sums properly.[/b]

ya, very importantly.......so as not to be in another round of not being able to pay and in heavy debts

price of HDB is falling i heard....

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