Feb 17 2011, 11:02 AM
QUOTE(UFO-ET @ Feb 16 2011, 06:18 PM)
MRT has 3 lines, total 15 yrs. Dun trust our gomen too much, a simple mini LRT already drag fr 1998 till now just started...
In fact m more interested in "wat will home buyers react when market crash", if I ask now, the answer is certainly ''Buy, Buy, Buy!!"
however in reality, when it happen, most of them choose to hold on or wait & see, hope worsen some more....
My Neighbour who was searching for Kinrara house since 1996, said mkt will crash in 1997, he was correct when price drop fr 260K to 200K, he predicted will drop some more to 185K, I can't wait & bought 228K in 1998, he said riot will happen bcos political instability, will drop back to 190K, since then price has no way back & reach 430K now
Many people has right prediction, the problem is they never act at the right time
May agree with you on that also....i was also scouting for houses 6 years ago in Kinrara house as to settle down and get married. At that time saw a few house around 300-330K double storey...but did not get to buy cause of budget but now regretted it as it has shoot up to 500K.In fact m more interested in "wat will home buyers react when market crash", if I ask now, the answer is certainly ''Buy, Buy, Buy!!"
however in reality, when it happen, most of them choose to hold on or wait & see, hope worsen some more....
My Neighbour who was searching for Kinrara house since 1996, said mkt will crash in 1997, he was correct when price drop fr 260K to 200K, he predicted will drop some more to 185K, I can't wait & bought 228K in 1998, he said riot will happen bcos political instability, will drop back to 190K, since then price has no way back & reach 430K now
Many people has right prediction, the problem is they never act at the right time
So you think property prices will drop...with China sucking most of the minerals/materials worldwide, flash flood in Australia, shortage of food, inflation everywhere....really challenging years ahead for the next generation to own a property.
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