Aiyo, now property boom in anywhere of course almost everyone is making money.I think this is something bad sign is coming. nothing will go like a straight line.
If think for long run, not necessary so. probably only the prime location will beat the average return.I think the global financial crisis is not hitting Malaysia hard enough, so many of the people think property investment will only give you reward.
I still remembered after 1997, some of the property drop more than 50% in term of price.I am not trying to predicting the economy cycle, but sit certain % amount of cash in FD is not necessary a bad thing.
personally I think there will be a big correction in property price, but won't as bad as during in 1997's.If someone just HOPING the price increase by paying too much without focus on the value itself, bear the consequences by being too greedy.
Financial Are property prices going to drop? V2, The heated debate continues
Jun 17 2011, 04:02 PM
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