Jun 11 2013, 10:57 PM
so that makes me wonder...where in the hell the money comes from? and i bet the buyer mostly are not the normal 9-5 worker? maybe more to businessmen or foreigners?
no data...just my personal thoughts...
QUOTE(icemanfx @ Jun 11 2013, 10:00 PM)
Almost anyone e.g. obasans and students may make profit in the bull run (e.g. property, stocks, gold, etc). However, only the savvy few escape recession.
Those who were caught in 1987, 1997 and 2008 (in the U.S and Europe) can tell, what you made in the bull run won't be enough to cover the losses.
Given income is not rising half as fast as house price and increase in housing supply, current house price is not sustainable.
Those who were caught in 1987, 1997 and 2008 (in the U.S and Europe) can tell, what you made in the bull run won't be enough to cover the losses.
Given income is not rising half as fast as house price and increase in housing supply, current house price is not sustainable.
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