QUOTE(icemanfx @ Feb 11 2016, 12:29 PM)
If current market sentiment persists, those who bought recently with low dp, rebate, dibs, etc is likely to see their property underwater in not too far future.
As foreclosure case is expected to rise, so will foreclosure lawyer's income. During foreclosure season, it is not uncommon for foreclosure lawyer to buy choice property at way below market price. As we haven't see blood on the ground, why need to rush to buy?
As an Fund Manager i am sure you understand the most basic in investment, you can never buy at lowest point nor sell at highest.
We all have limited life expectancy, no one have many decades to wait, not forgetting limited loan age.
The current market sentiment mere temporary as people still have money, just matter of to invest or not.
With the recover of ringgit against the greenback from 4.45 to 4.15 within few weeks, the market more towards positive.
Not forgetting Russia, Venezuela & Middle East already in talk to cut oil production to boost the price.
Bear2 might just miss this golden time like how you missed the 2014 peak price to sell your 2 unit.. lol
If indeed the market continue to slump, i doubt bear2 will have guts nor money to buy, his boss already chop the bonus to all time low, next few years he lucky to still keep his job if not pay cut...lol