Gyroscopic Investing

We can only dream of such common sense, "benevolent fascism" in the West.  Not only is the length now capped at 35 years max, if the loan is longer than 30 years or extends past retirement age at 65, borrowers will have even tighter limits.  The new limits are a 40% down payment on first mortgage, 60% for second+, refinancing or for corporations.  This is all in response to capital inflows of foreigners inflating local property prices, i.e. currency inflation.

Singapore will restrict home-loan maturities in a bid to curb a housing bubble after property prices in the island-state rose to a record last quarter amid low interest rates.

http://www.bloomberg.com/news/2012-10-0 ... rties.html