Why now.., ..is not the right time to buy property 
Sep 7 2011, 08:41 AM
QUOTE(cyjh @ Sep 7 2011, 08:32 AM)
buble burst or not will know when times comes....
buying frenzy is still on
a friend bought a 1.1mil prop with 10% discount thus not need to have any down... but the plan is to flip it within 6 months as they have no capacity to loan 1mil or cash to pay or even purchase the unit to stay/rent...i cannot make any sense out of this...
is this creating buble??
yup it is these type of people which causes the bubble to burst when they cannot repay the loan when they cannot sell the house in time.buying frenzy is still on
a friend bought a 1.1mil prop with 10% discount thus not need to have any down... but the plan is to flip it within 6 months as they have no capacity to loan 1mil or cash to pay or even purchase the unit to stay/rent...i cannot make any sense out of this...
is this creating buble??
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