Jump to content
Find Professionals    Deals    Get Quotations   Portfolios
Sign in to follow this  
Misc100

Is It Better To Hold Cash Or Property (2nd) Now?

Recommended Posts

Is it better to hold cash or property (2nd) now?

This is referring to a 2nd property.

Since we are heading for a deep recession (dunno how many years then can recover) and Citigroup predicting a 40% drop in properties prices.

Rental income may also drop.

 

Share this post


Link to post
Share on other sites

Join 46,923 satisfied homeowners who used renotalk quotation service to find interior designers. Get an estimated quotation
Is it better to hold cash or property (2nd) now?

This is referring to a 2nd property.

Since we are heading for a deep recession (dunno how many years then can recover) and Citigroup predicting a 40% drop in properties prices.

Rental income may also drop.

u got nothing better to do, ask so many times. haha

 

Share this post


Link to post
Share on other sites

cash is the king. but if ur hand like to itchy and cannot tahan to see money then asset is the king :)

if for me i will hold property. at least will rent out and hv some income. touch wood if lost a job still can hv a little money from rental.

when retiree i will sell it and enjoy the money :sport-smiley-004::sport-smiley-004: thats my dream :notti:

 

Share this post


Link to post
Share on other sites
cash is the king. but if ur hand like to itchy and cannot tahan to see money then asset is the king :)

if for me i will hold property. at least will rent out and hv some income. touch wood if lost a job still can hv a little money from rental.

when retiree i will sell it and enjoy the money :sport-smiley-004::sport-smiley-004: thats my dream :notti:

hahaha, exactly what i'm thinking

now just waiting for the market to drop further nia :notti:

 

Share this post


Link to post
Share on other sites
Now is definitely better to sell. Problem is that there is no buyer! :unsure:

Whee your 2nd property? If you let go cheap cheap, sure have buyer. There so many rich people in Singapore and the world.

 

Share this post


Link to post
Share on other sites
cash oso will drop rite. jus like property.

Lady Luck,

Saw your outstanding tasks. But there is one task I think can be reprioritized.

I felt compelled to share my thinking on the education part...

If you have a diploma, yes, please, by all means, further your education (no distance learning please). The probability of getting mgmt roles are higher with degree than diploma and that is money well spent.

However, if you have a degree, then please don't waste any more money going for Masters or such.

It is a waste of money plus missed opportunity costs.

Example, you have to pay $40k (masters) and missed opportunity costs (Your annual salary).

However, You do not necessary will get career advancement or higher pay with a Masters.

However all said, higher pay and career advancement ultimlately depends on:-

1) Your Job Ability

2) Your Networking Ability

The Masters should only be taken if the company sponsored you or has mentioned to you that they would like to promote you and a MBA would be good.

 

Share this post


Link to post
Share on other sites
cash oso will drop rite. jus like property.

Lady Luck,

Saw your outstanding tasks. But there is one task I think can be reprioritized.

I felt compelled to share my thinking on the education part...

If you have a diploma, yes, please, by all means, further your education (no distance learning please). The probability of getting mgmt roles are higher with degree than diploma and that is money well spent.

However, if you have a degree, then please don't waste any more money going for Masters or such.

It is a waste of money plus missed opportunity costs.

Example, you have to pay $40k (masters) and missed opportunity costs (Your annual salary).

However, You do not necessary will get career advancement or higher pay with a Masters.

However all said, higher pay and career advancement ultimlately depends on:-

1) Your Job Ability

2) Your Networking Ability

The Masters should only be taken if the company sponsored you or has mentioned to you that they would like to promote you and a MBA would be good.

 

Share this post


Link to post
Share on other sites
Is it better to hold cash or property (2nd) now?

This is referring to a 2nd property.

Since we are heading for a deep recession (dunno how many years then can recover) and Citigroup predicting a 40% drop in properties prices.

Rental income may also drop.

may be too late now, on hindsight, it is better to keep cash

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×