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Is property a hedge against inflation?

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PNGMK
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Re: Is property a hedge against inflation?

Post by PNGMK » Mon, 12 Oct 2020 3:04 pm

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.
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TropicalExpat
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Re: Is property a hedge against inflation?

Post by TropicalExpat » Mon, 12 Oct 2020 3:34 pm

PNGMK wrote:
Mon, 12 Oct 2020 3:04 pm
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.
Thanks for the insights!

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malcontent
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Re: Is property a hedge against inflation?

Post by malcontent » Wed, 23 Dec 2020 10:23 pm

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.
Every great and deep difficulty bears in itself its own solution. It forces us to change our thinking in order to find it - Niels Bohr

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PNGMK
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Re: Is property a hedge against inflation?

Post by PNGMK » Thu, 24 Dec 2020 10:41 am

malcontent wrote:
Wed, 23 Dec 2020 10:23 pm
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.
Agreed.
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!

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sundaymorningstaple
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Re: Is property a hedge against inflation?

Post by sundaymorningstaple » Thu, 24 Dec 2020 3:15 pm

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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