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Is property a hedge against inflation?
Re: Is property a hedge against inflation?
A trust costs around $10,000 to set up. I've looked into setting one up for a group I run as a way of handling the Shareholder Agreement and Allocations. Not cheap to set up and not cheap to maintain.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
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- malcontent
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Re: Is property a hedge against inflation?
Most in Singapore have large exposure to the property market. The idea of owning a home worth 7 figures is rare in most parts of the world, but it’s common here.
Since 2008, the low interest rates have made it a no-brainer to buy rather than rent. My monthly interest expense over the past 10 years has been about 20% of the rent I’d have to pay for the same unit.
Since 2008, the low interest rates have made it a no-brainer to buy rather than rent. My monthly interest expense over the past 10 years has been about 20% of the rent I’d have to pay for the same unit.
It’s not what happens to you, but how you react to it that matters ~ Epictetus
Re: Is property a hedge against inflation?
Agreed.malcontent wrote: ↑Wed, 23 Dec 2020 10:23 pmMost in Singapore have large exposure to the property market. The idea of owning a home worth 7 figures is rare in most parts of the world, but it’s common here.
Since 2008, the low interest rates have made it a no-brainer to buy rather than rent. My monthly interest expense over the past 10 years has been about 20% of the rent I’d have to pay for the same unit.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
- sundaymorningstaple
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Re: Is property a hedge against inflation?
It was the reason I bought my ulit in 1999 at the close of the Asian Financial Meltdown of '97. Taking a 14 year mortgage was also a big benefit as well.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
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