[caption id="attachment_1699" align="alignright" width="150" caption="Photo by littledan77"][/caption] Dear Mr Tan, Thank you for giving advise to the public and in a selfless manner. I fully agreed with you. In fact, I had been visiting show flats since Lehman Brother collapse and also talking to banks to survey the ground. My conclusion is, it's scary and if you are not careful, you will get into trouble when things go wrong. Let me explain further, my wife and me are in our 40s, consider to be middle income, all the banks encouraged us to take a loan of around $2M and up to 70 years old. I really laughed out when those bank advisers work out the numbers for me. Then some showed me a "black" face when I asked them how am I going to earn my present income when I get to 55 or 60 years old even if I like to, to support a high loan repayment every month? They have no answer for me, some say property price will continue to go up. Ha, what goes up must come down, Newton's Law. Most of these banks are very young people, in their 20s, I wonder if they really know or out to earn high commissions. My conclusion after this one year of "shopping" is one needs to be prudent, don't expect the banks to do that. Read more...