Quote:
Originally Posted by Unregistered
You never use one point of reference. That's why I look at fundamentals first and foremost, then supplement that analysis with opinions of bank analysts and developers.
Cdl's comment is illuminating. If you follow mr kwek's public comments, he is always bullish about the property market, sometimes irrationally so. That they have sounded a warning as well is interesting.
The case to be long property is basically anchored on excess global liquidity, and for the reasons alluded to earlier, is hard for me to buy into wholeheartedly.
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you sound like you believe property crash or recession is nearing. then again, so were the agents back in 2009. then again, they didn't come true.
when USA comes through with yet another QE3, the hot money will yet again flow into Asia countries, and exactly where do they go to?
a) property
b) gold
as such, as long as we have this 'QE' again and again, the prices will continue to shoot up again, fundamentals or not.
Of course, they cannot sustain... but when will it happen? 2 yrs? 5 yrs? who knows another 10 years before the crash? by then, yes, the crash will come, but gosh, you would be wasting another 10 yrs waiting for the prices to correct itself and ... how miserable these 10 years are.