QUOTE(gogo2 @ Aug 1 2014, 12:36 PM)
Not sure how to UUUUU if no one is afford to buy or unable to get loan to buy.
Some more this guy is Glomac boss. So I think he does not give an subjective opinion.
Probably UUUUUU after 2~3 years holding....
Now is stagnant time. Or probably DDDDD???? What do you think?
What is UUU? What is DDD?
When a developer launch a property at 500k. U cannot afford. Then after 2 years. VP...market price for such new development up to 600k n flippers want to flip at 750k.
So, now new launch may be starting at 600k n above. So to developer, they are still UUU....but for flippers they cannot sell at 750k n willing to sell at 650k. So to u guys, it is DDD...
then, another 1 year gone. The condo price at developer is now up to 650k...it is still UUU woh.... but since the poor group cant even buy at 500k stage, they definately cannot buy at 650k....but there are still many others who can buy