Post to Facebook on 8/1/2010 10:56 AM
Commenting on “‘They weren’t being permitted to grieve’: The psychology of losing a home”
A loss is a loss in any language, or any circumstance. It is silly to compare a loss with another loss. Comparison of the worse of two evils is no cold comfort to the victim or sufferer.
The outcome of many things we do, if within the limits of our control and management, can be predicted rather than predictable. Predicted outcome is a guaranteed outcome, while predictable outcome is a bit wishy washy guess work.
I am like many other people, treat my home as a castle. Not only do I make it a place for shelter, it also proves that I can be successful in life of owning something that my blood, sweat and tears bring-forth.
Please re-read the last paragraph. I used the word owning. Owning is an achievement, meaning the property must be paid in full, and the mortgage from the lender is discharged. Once I own the property, the use of it is at my disposal. The castle is, in fact, my security blanket!
What if you lose your home one day? It is not just about the brick-and-mortar, but also the years of hard work, good and bad memories, the laughters and tears that associated with it, seeing the members grown from babies to adulthood, etc. These remain in the brain, and will be talked about repeatedly when one suffers from dementia.
When my niece was looking to buy a property, I helped her to estimate her budget and timeline in achieving her ultimate goal. Several negative parameters were put in, in order to minimise risk of mortgage being recalled by the lender. These negative parameters were warning bells to make sure she had to top up her existing income in the early stages in life.
Spreadsheet calculations help to minimise financial risks. The parameters put in are guess work, and the final figures provide predictable outcome.
The warnings about property investing I kept repeating in my blogs are alarm bells for predicted rather than predictable outcome. Properties near densely wooded towns or suburbs, flood prone regions, coastal areas subject to constant erosion, foothill of non-dormant volcanoes, rubbish waste land, the heart of former factory suburbs, high rise apartment with no land are to avoid.
There are always some lucky people that buck the trend, and make healthy profit, but I just want to play safe with my money.
Thank you for reading.
Commenting on “‘They weren’t being permitted to grieve’: The psychology of losing a home”
A loss is a loss in any language, or any circumstance. It is silly to compare a loss with another loss. Comparison of the worse of two evils is no cold comfort to the victim or sufferer.
The outcome of many things we do, if within the limits of our control and management, can be predicted rather than predictable. Predicted outcome is a guaranteed outcome, while predictable outcome is a bit wishy washy guess work.
I am like many other people, treat my home as a castle. Not only do I make it a place for shelter, it also proves that I can be successful in life of owning something that my blood, sweat and tears bring-forth.
Please re-read the last paragraph. I used the word owning. Owning is an achievement, meaning the property must be paid in full, and the mortgage from the lender is discharged. Once I own the property, the use of it is at my disposal. The castle is, in fact, my security blanket!
What if you lose your home one day? It is not just about the brick-and-mortar, but also the years of hard work, good and bad memories, the laughters and tears that associated with it, seeing the members grown from babies to adulthood, etc. These remain in the brain, and will be talked about repeatedly when one suffers from dementia.
When my niece was looking to buy a property, I helped her to estimate her budget and timeline in achieving her ultimate goal. Several negative parameters were put in, in order to minimise risk of mortgage being recalled by the lender. These negative parameters were warning bells to make sure she had to top up her existing income in the early stages in life.
Spreadsheet calculations help to minimise financial risks. The parameters put in are guess work, and the final figures provide predictable outcome.
The warnings about property investing I kept repeating in my blogs are alarm bells for predicted rather than predictable outcome. Properties near densely wooded towns or suburbs, flood prone regions, coastal areas subject to constant erosion, foothill of non-dormant volcanoes, rubbish waste land, the heart of former factory suburbs, high rise apartment with no land are to avoid.
There are always some lucky people that buck the trend, and make healthy profit, but I just want to play safe with my money.
Thank you for reading.
