QUOTE(scorptim @ Jul 10 2017, 01:26 PM)
I'm very practical one, back in 2013 when all the bbb uuu kept saying buy I already said that property market will go ddd in 2-3 yrs time.
Now still not bbb uuu time yet, wait next year or 2019.
If that's your definition of bottom then it will never happen unless there's an economy crisis.
Give me an example of this happening anywhere in the world without an economy crisis. I really don't know what you're basing on to expect such a bottom.
Conditions i.e u.s qe which lead to property bull run 2011 to 2014 is unlikely to occur in the foreseeable future.Now still not bbb uuu time yet, wait next year or 2019.
If that's your definition of bottom then it will never happen unless there's an economy crisis.
Give me an example of this happening anywhere in the world without an economy crisis. I really don't know what you're basing on to expect such a bottom.
Almost every bull run will end up in economic crisis, kv property is no exceptions. The difference is property is illiquid, price takes years to bottom.
Over supply and rising interest rate could be the worst combination for property investment.
This post has been edited by icemanfx: Jul 10 2017, 02:20 PM
Jul 10 2017, 02:09 PM

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