For people that say" it's only money; It can be made back,"

Here's a thread 🧵to help you understand why it's so painful and why making back isn't so easy:
1/ You've heard the saying time = money

it sounds cliche until you realise it isn't

In the #Christian bible, numerous verses have been connected with time and money.
2/ Money stores time. Time is finite.

Numerous verses state that God can protect time:

I will rebuke the devourer for your sakes, and he shall not destroy the fruits of your ground; neither shall your vine cast her fruit before the time in the field, saith the LORD of hosts.
3/ When the US government prints money, it is stealing your time. The bible clearly says:

John 10:10 The thief cometh not, but for to steal, and to kill, and to destroy: I am come that they might have life, and that they might have it more abundantly.

Do you know #Jesus?

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More from @SGGOODLIFE

22 May
It is a currently a buyer's market in #Singapore due to the #Covid19 crisis hence property developers have to price property conservatively.

If you're #Singaporean, here's a thread on why you might want to consider a new private property 🏘️ in Singapore:

🧵👇
2/ Prior to 2013, people could easily flip #property and make tens of thousands just by buying an option to purchase.

Fast forward to 2013, various measures were introduced (#TDSR, #ABSD, #SSD)

This curbed demand lead to - /3

mas.gov.sg/news/media-rel…
3/ How is the #Singapore #RealEstate market different today?

- Healthy demand and less speculative buying
- Ample liquidity & low interest rates
- Declining unsold supply
- People are upsizing due to Work From Home (#WFH) changes

channelnewsasia.com/news/business/…
Read 4 tweets
21 May
This isn't an easy topic to address but I'll do my best to provide my thoughts via a simple generic🧵

#RealEstate isn't linear. It is multifactorial:

1) Country
2) Time period
3) Information asymmetry
4) Opportunity cost
5) Personality
6) Job security

etc

🧵👇
2/ There is no guarantee for any gains in any investment vehicle. No guarantee in #RealEstate, #bitcoin, #Equities etc

As cliche as it sounds, the only constant is: Change.

History only provides a clue.

Simply put, yields are not guaranteed.

Back to factors 1 to 6
3/ #RealEstate differs from country to country.

In a jurisdiction where there are high capital gains tax or when the cost of borrowing is high, owning/investing in property might not make much sense.

In #Singapore, capital gains tax has been abolished
Read 9 tweets
22 Feb
#Singaporeans think #realestate makes for a great investment.

Many don't realise that taking a loan on a property is a form of leveraging.

It can work for OR against you.

Time for a thread 🧵👇
2/ 2nd property max loan you can take is 45%. Other 25% (cash), 30% (CPF/cash) = 100%

On a 1M property, that's $450k

If the property appreciates by $200k to $1.2M after misc fees, you've just made your money work for you.

In a recession, the reverse is true.
3/ Let's say the market crashes in a deep recession, the private property that you bought goes down by 30% from 1M to $700k.

You've lost your job and can't afford to service the loan.

You sell the property thinking "no worries".

Here's the truth 👇
Read 5 tweets

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