Well, my friend,.... if you have always wanted to stay in a Semi-D, then you must buy it now. Things are so uncertain nowadays, you never know what will happen to the prices later on.

Interesting statement !

May I ask how do you know there would be a fire-sale in two years from now ?

Because if the said fire-sale does not come along, then you would have incurred opportunity cost. Your money would have earned more elsewhere.

I belived the 'softening' can be seen now. If you look in the streets, there are less cars and less traffic jams now.

What do the others here observe ?

I think this is a very noticeable occurence.

Hotlink, seems like you are able to count the effects and able to predict the recession, if it comes. But have you been through a recession before ?

I mean have a personal experience in a recession ? If you have, then I would think you are able to foretell then.

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Added on June 13, 2008, 3:58 pmI'm afraid I have to agree with Syd here. If you are only starting to save now to accumulate bullets for the recession, then, it will be difficult because now that all things have gone up in price, your expenses will be high.

Previously, when things around us were cheaper, that would have been the time to save. .....

This post has been edited by Lawyer1: Jun 13 2008, 03:58 PM

My friend,..... surely u are not telling me that our BNM is getting ready for a bank collapse, right ? And therefore putting in this PIDM mechanism as a way of "washing their hands off" ?

Please talk to me/us........

My friends, do not buy new or under construction projects. Because when recession hits, there will be abandoned or delayed projects.

Be VERY CAREFUL in choosing the developer and the project. Trust me !!!!!!!!!!!!

Another possibility is that things are hiking up in price now because of the fuel and electricity hikes, and when nobody buys the service or goods later, the prices will drop back. This is a basic concept of trade - demand and supply.

When price is too high, demand drops, supply increases, finally price will drop again.

Wait for the prices to drop - hold-off your purchases now if you can, everybody,...................

True then the place counts too, but if say, for Bangsar where the houses are fully-paid up, I don't think we can say that the prices will still appreciate during a recession. Why ?

Sure, nobody would be throwing, but if someone is to sell at a high price (thinking there would be appreciation), will there be takers, since everybody is having difficulty ? Likw what mentioned here, we can sell at whatever prices that we want, but if nobody buys, then still no point.

Oh okay,... it's called a liquidity issue then, and not a depreciation matter. Thank you.