I thought this is too true and unforgivable if I don’t share this. This is an opinion by a good friend who prefers to be anonymous. And like how he ends it, you do your numbers.

Good Morning,

If you have the time, here’s something to think about over the weekend. This was first written in 2010. I have updated some details and numbers. Nevertheless, the principles are still relevant. Here’s my take on the these measures.

These new measure are targeted at the Speculators & Speculative Investors (“Specuinvestor”) i.e. those who are in the game for the short term, generally not very financially savvy and most of all, not very cash-rich but wants to make a quick buck. What happens is that they tend to over-leverage and have a “punting’ mentality. It will not really affect those with deeper pockets. Another 10% to 20% cash downpayment……… so what? These people will be thinking “Hey, it is just like paying down my loan resulting in lower monthly payments, lower interest payments and higher principle payments ………….…….. no skin off my nose”. Continue reading “A Friend’s Take on Singapore Property Cooling Measures” →