Quote:
Originally Posted by Unregistered
fully agree. as someone calculated above, prices are very much affordable now. the young people who are complaining aren't willing to go to outskirts to live. they should learn from the hong kongers, who are already crowding out once unpopular locations such as sha tin. we still have the northwest, a big part of north east, tekong and ubin.
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that's what the Amercians are dreaming then as well. They always and have always thought that property will continue to rise. What now for Fannie Mae and Freddy?
Having real examples just at the other end of the globe is not preventing us to think likewise. Perhaps we should be more prudent in managing our sums again.
There are some truth in Tony Tan and Khaw Boon Wan's words where they commented that things won't be moving well half a year to 3 yrs from now. Even whilst looking at the global markets, the corporate profits are not moving back to pre-2008 levels. But property prices have soared way past previous records. Shouldn't that be shuddering?