Property price Down Down Down again?

Johor govt bailing out unsold bumi units?

Imno,
any transactions for the purpose of transfer (speculation) will not increase the total wealth of society, and that will not bring benefits to society.

So my understanding is when people buy something for sale/rent (temporarily giving out ownership) and not for their own use (long term ownership), the bubble is produced.

As long as there are transactions, there will be bubbles produced in certain time when speculations is over the real value of goods. It's unavoidable "but good" for the market, because speculation in the market=liquidity.

When the liquidity gradually vanishing, and there are too many speculators with goods in hand who suddenly need money while they couldn't find the opponent takers. The price of goods gonna down fell or even worse.. until it burst, we'll never know.

Just the same theory apply to crypto and stock market, so does property market. Price correction is meant to be happened, but is this a beginning only?

This post has been edited by heavensea: May 3 2017, 02:30 PM

Every week has auction of newly vped (within 2 years) property.😔

Govt affordable housing is killing budget condo owners (investors)😔.

Malai jadi aging nation like Japan?😔
Japan popoti price/sf dropped from 200k yen to 7-80k yen. (after the bubble burst)

Btw why my thread being reported? Is this not allow to discuss random topic like this ib property section? (Violated forum rules? Should I request mod move it to kopitiam/serious kopitiam??)

This post has been edited by heavensea: May 3 2017, 02:36 PM