Mar 5 2011, 03:09 AM
QUOTE(cherroy @ Mar 4 2011, 11:44 PM)
My view.
I would say the bolded part is wrong and unrealistic
Even it drops, it won't drop to dirt cheap until let you to buy cheap.
A 400k properties can drop to 350Kor 300K, it is still way beyond affordability mostly. (if one cannot afford 400K, likelyhood is not afford 350K as well)
It won't drop to 200k or 150K for you to buy.
If it does drop to 200k, then situation has changed which one might fear about getting employed or not.
Agreed, a lot of my office mate talk about property bubble, hoping housing price will drop when its pop. But imo the house value will remain the same , it just how willing seller to drop their price(subsale), for new launch you can expect smaller builtup but the price per sqft will remain the same. But frankly speaking i do not feel any effect of property bubble right now only effect of ltv 70% I would say the bolded part is wrong and unrealistic
Even it drops, it won't drop to dirt cheap until let you to buy cheap.
A 400k properties can drop to 350Kor 300K, it is still way beyond affordability mostly. (if one cannot afford 400K, likelyhood is not afford 350K as well)
It won't drop to 200k or 150K for you to buy.
If it does drop to 200k, then situation has changed which one might fear about getting employed or not.
.
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