QUOTE(icemanfx @ Aug 10 2013, 12:09 AM)
The tipping point won't be supply>demand but most flippers couldn't afford to pay loan installment.
Yes you are right.
I refer to flippers, who buy and wait for someone to sell to, and hoping someone can rent from them immediately after VP with bare units and can cover installment hehe
Seriously unless I love the place so much, I don't mind pay a bit extra to own the place for subsale, otherwise why should I buy subsale if installment cannot cover rental?
Property gain is another factor but I hardly see at highrise where everywhere is mushrooming now. I just cant understand the mentalogy of people who BBB regardless where it is, who is the targeted own stayer and how much is the current rental atm.
Of coz those who has cash on hand will win, and win big.
So folks, save hard and earn more while u wait for VP from developers ya