QUOTE(kochin @ Jun 7 2013, 12:21 PM)
my version:
- "Anytime is a good time to buy". Y but with disclaimer.
- "Properties prices will usually go up in the long-term". Y. Long term? Let's just pegged it at more than 10 years shall we and pls drop the inlfation or opporunity or whatever cost during those time line. And yes, thanks for noticing my revision of the word from always to usually.
- "The market cannot collapse because of demand from foreigners." Obvious by now.
- "Mickey mouse units are the trend of the future". Real rough call.
mickey mouse is here because of demand or affordability?
Chances are a bit of both and the line further distorted with blurring lines of affordability hence 'forcing' acceptance of these units.
Given a choice, guess most would prefer something bigger. But need to train the mind to accept smaller units due to $$$ constraint lor.
Just like the saying, "The xxx is the new yyy" eg. The 400k's are the new 300k's; the 800sf is the new 1000sf;
Feel free to disagree.....
(1) Y given the location
(2) Y, prices might stagnate and possibly drop 5-10% (location location location dependent). Long run however, up up
(3) Y, IMHO market will not collapse (as in 20-50%) price reduction. Weaker RM and ever increasing population (domestic, foreign, immigrants).
Even if market collapse, the entire financial institution in this country will be jeopardize, no banks will have to confidence to "lend" out money to the businesses whatmore the rakyat.
Those under employement might lose their jobs - buying property requires courage and confidence
Only those with have solid bank balance (millions) and well connected network (securing low rates from offshore/funds) will have an edge to ask for lower prices
(4) Really no idea