QUOTE(pjguy @ Mar 1 2012, 01:22 AM)
When pricing keep on going up, everybody knows oneday it would drop. question is WHEN and HOW SERIOUS and this is what everyone wants to know.
I judge it not going to happen at least in few years time only because of one reason - the loan rules is still tight.
When ppl seeing more launching recently compared to lasttime, they start to "foresee" supply might over demand and cause bubble to happen. but if the loan is tight (means only lend money for those who qualify and have no problem to pay for the thier home loan in future) and ppl r able to pay/hold the property, bubble will still not happen.
wat u said now is exactly match below.
"During a bubble, people don't believe that prices will fall," he said. "This has been proven wrong so many times in the past. But there's something in
human nature that makes us unable to learn from history."
example lah.. if one person/agent/developer tell u the house price is RM1mil u won't belive... after 1 week later, another person told u the house price is RM1.1mil, u start to believe, 2 weeks later... another person told u the house is now RM1.3mil... u will believe no doubt.. confirm up up... but, after 1 months a guy said the house now at RM1mil... Do u think u believe the trend or believe the guy said?... u will denied.. 2 months later, another guy (sampool) said it is now RM900k, u still not believe.... until the 3rd guy confirm only u start to believe.... this we call
human nature.
u are inside the box/case... and ppl predict wat going to happen precisely is outside of the case, they can see the whole picture clearer....
This post has been edited by sampool: Mar 1 2012, 10:05 AM