QUOTE(jolokia @ Jan 19 2014, 12:10 PM)
Greater Fool Theory, constantly find a greater fool to buy your property until the last one end up as greatest fool, same like those who bought oil at USD 148 during 2008.
http://en.wikipedia.org/wiki/Greater_fool_theory
In real estate the greater fool theory can drive investment under the expectation that prices will rise, or force need-based-buyers to out bid irrational or ill-informed buyers.
A need-basis can be for basic housing or for organizations fulfilling exigent commercial interests.
This phenomenon may also occur
among banks offering real estate financing.
Now properties become no.1 pyramid/Get rich scheme/pak man telo in Malaysia. ..lol
Don't use the word fool. Mind your own stupidness before you call people fool. http://en.wikipedia.org/wiki/Greater_fool_theory
In real estate the greater fool theory can drive investment under the expectation that prices will rise, or force need-based-buyers to out bid irrational or ill-informed buyers.
A need-basis can be for basic housing or for organizations fulfilling exigent commercial interests.
This phenomenon may also occur
among banks offering real estate financing.
Now properties become no.1 pyramid/Get rich scheme/pak man telo in Malaysia. ..lol
Jan 19 2014, 12:50 PM

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