QUOTE(kradun @ Dec 25 2014, 08:18 PM)
My sister's single storey bought 8-9years ago was at 140k, that time no body bother to look at it, as they deem expensive because 1st hand owner bought at just 60k++ much earlier6-7 years ago. Fast forward to 4years++ ago when i just start working stay there and look at property there, that time already went up to almost 250k, another sister start look at property also see there then said not worth the price. Then last 2years i saw many were asking for 330-350k. Then middle of this year see again was over 400k. At any point of time also have people think not worth it, but potential buyers had gradually upgraded, from earn 1k++ -> 3k++ -->5k++.. if not figure out the whole picture, in less than 20years it go up so many folds like iceman just study on the surface sure draw the conclusion bubble soon, but i will said the chance is near to zero.
Basically he want the Boat repeatedly come & each time charge him same fare, so that he can again & again earn, When he buy price must be lowest then when he sell price must be highest, then drop back to lowest for him to buy & again shoot to highest for him to sell.
Offcoz that is only in his dream..lol
He thinks the one paying 250K for house a decades ago is the same category paying 750K now, same income but Bank will borrow 3X more to same income group... Lol
10 years ago 3K income can borrow 250K but now Bank more generous, 3K income can borrow 750K, so sure cannot sustained & then bank will foreclosure the 750K property & sell for 250K, Bank deliberately making losses if 500K so that there can sue the owner for Bankruptcy, as it a payback for sin the owner committed for not listening to Icemanfx Prophecy...lol