QUOTE(bonedragon @ Aug 17 2022, 10:35 AM)
The cost may be going up, if no transactions, property developers/sellers who need cash will still offload it. First by reducing margin, if not, then by taking a small loss. The cost is almost irrelevant. It's like saying cost of mining bitcoin is very high end of last year so the price will definitely not drop. Well, we all know what happened there.
I think cannot compare with Bitcoin… Butcon, stock, rolek, etc these are not daily essential items and are for investment or more precisely say people buy them just for goreng, people won’t die without it of course one day these item price will collapse, and then recover and repeat
Wondering if the car, house, food, clothes will these things price ever drop sharply in the world that population keep grow explosively and in a country that considered stable( low risk of war, natural disaster) . one can survive without buying car but still have to pay transportation fee, one don’t have house still need have to pay rent.
Of course buy many properties for goreng purpose that one cannot afford will surely have higher risk as it has no difference to buying stock and Bitcoin.