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Investment 4 Critical Signs of a Bubble Market, Property Investment

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stevenkkt
post Nov 22 2013, 11:38 AM

On my way
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Joined: Dec 2008


QUOTE(jolokia @ Nov 22 2013, 11:31 AM)
I would rather believe most have very low holding power base on the long list of auction unit I see recently..lol

If u hold on to something doesn't bring profit in near future, it actually hinders ur money from invest in other more profitable investment,  mind u business need liquid assets too row, the entire country not depends on properties industry along to survive.

In fact P.I.G.G.S & USA entire economy got turn upside down because too much concentration on properties flipping & ignore other industries.

People had become obsessively indulged into properties gambling, if by now never wake up from it, expect same route with Spain.
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Agree, more and more auction units available & more auction properties group in FB created recently. In my opinion, if you can afford to repay the loan. I don't see a reason not buying one from the auction market.
stevenkkt
post Jan 10 2014, 05:50 PM

On my way
****
Senior Member
600 posts

Joined: Dec 2008


QUOTE(Showtime747 @ Jan 10 2014, 05:42 PM)
That is the problem. You do not have any track records in CCRIS. If your salary is low, some banks don't even want to consider your case. No loan does not mean a good thing.

What is your net salary ? If it is botherline case, bank will definitely reduce their risk by reducing LTV
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Exactly, no commitment isn't a good thing from bank's point of view.

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