Seems like Mr Chan must hv recently exposed big time in property...now very stressed that it will burst, so need to crack some jokes to release some of the stress

It is all very simple :

those who hv recent years made investment in properties, now worried bubble will burst, so try to say things that bubble theory is non-sense

those who are waiting to buy will of course hope that the bubble will burst soon so can buy cheap

So far bubble has been growing and growing...so those invested keep seeing their property price increasing, while BNM is trying to deflate or at least contain the bubble, but it seems like prices still going up, meaning bubble still growing

When will it burst, you need to prick the bubble..i.e. a trigger event. So what will be the trigger event, frankly nobody knows, but here are some past examples :-

1. some type of financial crisis. weakness in banking system
2. currency crisis
3. some regional conflict..war
4 natural disaster...such as earthquake in Indonesia, where the after shock reached m'sia and caused some condo to have major cracked line...wow if that happens, you will see massive sell off in all condos
5. others...

This post has been edited by MDV: Nov 21 2013, 10:44 AM

Dun really lose much if it goes back to square one.......but if factored in legal fees, interest charged by banks over the years if got loan, even if no loan buy cash 100%, there is this thing called the Opportunity Cost of money...unless all these can be offset by rental