Brilliant Dubai real estate ad



should have one at Petronas Tower

If there is a bubble coming, what is our best strategy? If you believe the housing market is at the edge of a cliff, ready to plunge into free fall, what would you do? If you really wanted to protect yourself, would you sell your property now and rent? If home prices do come crashing down, some people said it could come down as much as 50% , that is an opportunity for you to go back in...for a better property. Is it worth the trouble?

Pls don't pop...



if it does....

OMG! Pok gai..liao

if it doesn't...

I very clever ehh..told you so...

Here is an interesting article...

How Can I Protect Myself From a Real Estate Bubble?

To protect yourself, follow these simple tips:

Don't overextend yourself. Buy a house that you can afford with a traditional mortgage where you make principal and interest payments at a fixed interest rate.

Follow the rule of thumb that you should limit your housing costs (including property taxes, principal and interest, and homeowners' insurance) to between 25% and 32% of your family's gross income.

Don't assume that your house will continue to appreciate at the fast pace that it may have in recent years.

Don't buy a house whose price is artificially inflated just because you're afraid you'll miss out on the opportunity to buy before prices go up yet again.

Don't buy a house you can't really afford just because you think it's a good investment. The more real estate prices rise, the less likely they'll continue to do so. Eventually the bubble will burst, and you don't want to be caught in "bubble trouble."

Don't indulge in cash-back refinancing and use the equity in your home to buy cars or boats, take vacations, or pay off debt (unless you're committed to avoiding the spending habits that got you into debt in the first place). It could come back to bite you if real estate values decline.

Don't purchase real estate with an interest-only loan if you can't afford the property otherwise. These loans usually have adjustable interest rates, which could make your payments unaffordable. Once the interest-only period ends and you must start paying principal as well as interest, you may not be able to make the payments and could be forced to sell the property at a loss.

Choose a modest home in a good neighborhood rather than buying a home larger or fancier than you need or a bigger home in a less desirable neighborhood.

Avoid buying a house in an area that has appreciated well above the average rate of appreciation in that area over the past few years.

The bottom line: don't panic about a potential real estate bubble, but exercise caution and good financial judgment when buying real estate, choosing your mortgage type, and taking equity out of your home.

Truly appreciate those who find the article useful...whether for or against does not really matter...everyone has his/her own opinion.

What is important is all members should enjoy the benefit of sharing information.

To avoid risk with today mkt, avoid flipping, aim to buy and hold your property, 5 yrs is a good time frame to do so. The risk is minimised and the return could be huge. People will always need a place to live and property will always hold value. History clearly shows that property always has been and always will be a good investment.

Genuine buyers should not get too bogged down in the current market. It will change. Property do go through different cycles, up and down, happened all over the world, not only here...each cycle will present different opportunities. Exercise caution is your best defence against these changes. The warning of a 'bubble' will not stop people from buying when they see a good deal, there are some out there, even in this market, both new and secondary...
Property is one of the first product to react to a growing economy, so as soon as things start to get better, the prices will start to go up again.

Top Property Developers on outlook for 2014 - ‘Opportunities in a challenging environment’....another interesting article from the Edge

http://www.theedgeproperty.com/news-a-view...vironment-.html

Most of the developers are optimistic, believe that inflationary pressure will push prices up....views maybe bias..you have to judge yourself...