QUOTE(Showtime747 @ Jun 20 2014, 08:23 AM)
5 stages of grief for DDD who missed the boat :
1. Denial - they will first denied they missed the boat and still hope for bubble crash very soon
2. Anger - they are getting impatient and feel angry why this happens only to them, while BBB makes money for not much effort and driving C class or 3 series
3. Bargaining - at this stage, DDD feels they have something to offer and still can do something to turn the situation. They start to talk bad about the market (some resort to forums like this) in hope of their effort will cause the market to crash
4. Depression - they feel sad and start to realise there is nothing much can be done to the reality
5. Acceptance - this does not necessarily mean that the DDD will be completely happy again. The acceptance is just moving past the depression and starting to accept the prices. In time, they will put everything behind. Some will start buying, some will completely shun property and never invest in it
At what stage are you ?
I think in 2012 and 2013, DDD accept 5 and become BBB.
But in 2014, I think DDD will tell you that its at stage 6 :-
6. Bubble is bursting - not much transaction in subsale. Flipper are caught. In 2015, GST is causing no spending. Business are getting worse. Boss of business holding a few property are forced to sell at firesale price. Also due to household debt at 86%, less spending outside. Business getting from bad to worst. Many business bankrupt. Bankrupt boss holding a few property go into auction. New property launch are getting less buyer. Those thinking of renting out face the problem of unable to rent out. More inexperience flipper who join property guru unable to serve their loan. More hardship coming. GST coming. Petrol increase. Inflation. Every price go up forcing the flipper to sell their house at lower price. Other flipper seeing this flipper sell lower, then they sell even lower. Transaction price getting lower. You don't see it go lower very fast. It just go lower slowly. And without realising it, its already 50% off. OMG!!!
Hahahahaha.. I think its what current DDD think. LOLOLOLOL
But for me, I think 2018 will herald a new price of property. Huat ar !!!