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Guest
on 30 Nov 07 12:11 am
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| am really very worried... |
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Guest
on 30 Nov 07 12:23 am
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worried?
I am more worried that where should i party for christmas
lol |
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Guest
on 30 Nov 07 1:09 am
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| Anonymous wrote: | | am really very worried... |
You got how many units? |
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Guest
on 30 Nov 07 11:19 am
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At the end of the article...
You were saying: "What should we do now???"
My answer is: "Don't buy house in US lah!!"
So you bought bought how many units in the US?? |
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Guest
on 30 Nov 07 11:24 am
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| Anonymous wrote: | At the end of the article...
You were saying: "What should we do now???"
My answer is: "Don't buy house in US lah!!"
So you bought bought how many units in the US?? |
hehehe...
in sg oso cannot afford to buy,claimed bought in US....porahhh.. |
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Guest
on 30 Nov 07 11:38 am
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| my advise is... don't eat noddles.. makes u worry for nothing.. eat more chicken rice |
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Guest
on 30 Nov 07 12:51 pm
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my advise is since like to worry so much
dun live in this world better
Go and build a perfect world by yourself lol |
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Guest
on 30 Nov 07 12:55 pm
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He is Angmoh lah! So he's worrying his property investment in the US loh!  |
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Guest
on 06 Dec 07 1:21 am
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| I moved to Singapore 15 months ago and I have to admit that I never had any idea that housing prices could raise so quickly. I have however noticed that prices are beginning to stabilize and in some areas when there are many units to rent in a project the prices are dropping. Just visited on condo last month where he owner would not even consider $3,900... now still trying to rent for $3500 and doesn't have any takers yet! |
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Guest
on 07 Dec 07 12:07 am
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Home Foreclosures Hit Record High
Thursday December 6, 10:37 am ET
By Jeannine Aversa, AP Economics Writer
Home Foreclosures Hit Record High in Third Quarter
WASHINGTON (AP) -- Home foreclosures shot up to an all-time high in the third quarter, fresh evidence of the problems afflicting distressed homeowners amid the housing meltdown.
The Mortgage Bankers Association in its quarterly snapshot of the mortgage market released Thursday said that the percentage of all mortgages nationwide that started the foreclosure process jumped to a record high of 0.78 percent during the July-to-September period. That surpassed the previous high of 0.65 percent set in the prior quarter.
More homeowners also fell behind on their monthly payments.
The delinquency rate for all mortgages climbed to 5.59 percent in the third quarter. That was up from 5.12 percent in the second quarter and was the highest since 1986, the association said. Payments are considered delinquent if they are 30 or more days past due.
Homeowners with spotty credit who have subprime adjustable-rate loans were especially hard hit. Foreclosures and late payments for these borrowers also reached all-time highs in the third quarter.
The percentage of subprime adjustable-rate mortgages that entered the foreclosure process soared to a record of 4.72 percent in the third quarter. That was up from 3.84 percent in the second quarter. Late payments jumped to a record high of 18.81 in the third quarter, up from 16.95 percent in the second quarter.
The association's survey covers more than 45 million home loans nationwide.
The new figures came as President Bush, accused by Democrats and other critics of not doing enough to help stem the mortgage crisis, was set to unveil a plan Thursday that would allow some homeowners with certain subprime home loans to freeze their interest rate for five years. The plan aims to prevent some distressed borrowers from losing their homes. It also is intended to ease the danger facing the economy from a wave of foreclosures -- something that would further aggravate problems in the housing market.
Homeowners with spotty credit histories or low incomes who took out higher-risk subprime adjustable-rate mortgages have suffered the most distress as the housing market went from boom to bust.
Initially low interest rates that reset to much higher rates have clobbered these borrowers. Analysts estimate that nearly 2 million adjustable-rate subprime mortgages will reset to higher rates this year and next.
Doug Duncan, the association's chief economist, said in an interview with The Associated Press that foreclosures and late payments are likely to stay high or get worse in the coming quarters.
The mortgage meltdown has hit financial companies with billions of dollars in losses from bad subprime mortgage investments. Some lenders have been forced out of businesses. The situation has elevated the odds of the country falling into a recession. It has roiled Wall Street and has offered lots of fodder for Democrats and Republicans to blame each other for the mess.
Against this backdrop, the Federal Reserve next week is expected to slice a key interest rate for a third time this year to bolster the economy.
Duncan said there were a host of factors to blame for the rise of foreclosures and late payments in the third quarter: broad-based declines in home values; the resetting of adjustable-rate mortgages to higher rates; the drying up of credit for subprime and "jumbo" mortgages, those exceeding $417,000; and economic weakness in some parts of the country.
California and Florida -- the two largest states in terms of outstanding mortgages -- were key drivers in the increase in the national foreclosure rates, the association said. The two states together accounted for 33.7 percent of the subprime adjustable-rate loans that entered the foreclosure process in the third quarter. The two states combined also accounted for 42.4 percent of creditworthy "prime" adjustable-rate mortgages that started the foreclosure process. |
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Guest
on 07 Dec 07 12:59 pm
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| It is obvious that a bunch of brokers and flippers are fighting everyone who say property prices sure to fall. They refuse to face the truth! |
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Guest
on 07 Dec 07 5:46 pm
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| it will happen one day but not within the next few years... |
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Guest
on 07 Dec 07 5:51 pm
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| hey TENANTS should STOP renting expensive units! INVESTORS and BUYERS should STOP buying expensive projects! |
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Guest
on 09 Dec 07 7:30 pm
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| You mean in the US?? Oh! I didn't buy any houses there! |
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Guest
on 09 Dec 07 10:05 pm
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| Anonymous wrote: | | it will happen one day but not within the next few years... |
You said next few years.. followers cannot tahan already leh.. meaning they will keep talking craps for the next few years when really come to their turn.
Oh no! this uncle Diva will be expiring this Dec.. maybe they will use another uncle to replace him for another year.. they will say this Diva is liar! They have found another Singh to replace Diva Singh! |
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Guest
on 09 Dec 07 10:27 pm
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Diva is who
who the hell is this person
It he from a circus or somone with mental problem
?
Followers provide more details on him to let us know he really exists
Post a picture or else are you parrots telling us eihter he dun exists
or his face sux big time so better dun let ppl see? |
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Guest
on 10 Dec 07 11:31 am
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| For those who do not know Diva. Diva is a genius who predicted property prices to plunge when everybody thinks it is going up forever. His genius prediction saved a lot of people who listened to him! Thanks! |
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Guest
on 10 Dec 07 4:56 pm
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| Oh..I know what u mean by Diva; like celine dion, mariah carry, chicken curry etc.. whatever happen.. price drop, up-down-up-down.. don't bother.. as long as we're still alive, be thankfull.. |
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Guest
on 10 Dec 07 5:30 pm
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| Anonymous wrote: | | For those who do not know Diva. Diva is a genius who predicted property prices to plunge when everybody thinks it is going up forever. His genius prediction saved a lot of people who listened to him! Thanks! |
then give me his number
dun tell me you dun have his contact number or a shop?
or else what the hell are we going to believe him
either he too poor to own a phone or
he stay on top of bukit timah hill?
if dun have information to support this diva is real
dun post crap here
If you tell us got aliens running in singapore
then do you expect us to believe you also |
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Guest
on 10 Dec 07 7:38 pm
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| Anonymous wrote: | | For those who do not know Diva. Diva is a genius who predicted property prices to plunge when everybody thinks it is going up forever. His genius prediction saved a lot of people who listened to him! Thanks! |
Luckily I don't know Diva.
All his followers who believed him all kena played out by him, saying Mid Dec is a plunge. Now all his followers still waiting for their turn to come.. but I hope they got place to stay.
In the meantime, his followers can't do anything right now.. only way is to keep post craps to attract attention, while waiting for their turn to come!
The more craps they post.. meaning they cannot tahan liao!
But for those followers still say "thanks" to their uncle.. I can confirmed that they kena "Gong Tau" liao!! |
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