Apr 28 2010, 12:46 AM
QUOTE(yahiko @ Apr 27 2010, 04:23 PM)
just wanna ask.. if property is going down.. should i buy house now when the bank offer higher BLR- or waits to the property value drop?
thanks
The problem with waiting for property value to drop is you could be in for a very long wait.thanks
And during the 97/98 economic crisis, banks were reluctant to give loans. The same thing happened (and is happening) in the US.
This is my opinion only but if a person is buying for own stay, try to find a property that she can comfortably afford instead of waiting for price to drop. There are still reasonably priced property in the not-so-hot areas.
Added on April 28, 2010, 12:51 am
QUOTE(vdfoo @ Apr 27 2010, 05:26 PM)
another quick question, if property market do crash, would it go lower than developer selling price?
Depends on the magnitude of the crash, and whether the developer price is reasonable or insane in the first place 
It happened in the US in the current crisis.Added on April 28, 2010, 12:57 am
QUOTE(firee818 @ Apr 26 2010, 08:36 AM)
If I am not wrong, property price always upward, except in year 1998(stock crashed). Correct me if i am wrong.
Generally true. But I read that some investors in Malaysia and Singapore, who bought at the peak before 97/98, waited more than 10 years before the market price of their properties recovered to their purchase price.This post has been edited by Moolah: Apr 28 2010, 03:28 AM
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