29 Jun '15, 3pm

New: 20 Pearls of Wisdom to Build Sustainable Property Wealth

Property is a poorhedge against inflation when you buy at inflated, future prices. Singapore’s population growth has no direct correlation with property prices. Spend time learning the math. The math will keep you from buying a bad deal, which is more important than buying a good one! Keep in mind the Chinese proverb ‘马到功成’ (literally translated as “success is when the horses come”). Success comes only to those who dare and act; it seldom goes to the timid. The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. The people who say ‘All I want is to buy and sell my property and be a millionaire’ are a bit like blokes who say ‘All I want is to go out and get laid tonight.’ They normally go home on their own. Owning property with little or no down payment can sound quite wonderful, but there are major pitfalls to this strategy...

Full article: http://www.propwise.sg/20-pearls-of-wisdom-to-build-susta...

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