You are comparing now to 2009? Now is like 1H2007. Economic downturn looms in the background but the actual impact have yet to be imported into SG.
Wait for the "2009" moment to come again. Property prices have not fallen but the rate of increase is slowing down. Look at the FSSTI, it went from almost 3,000 at end of 2010 and now is 1,600.
If property prices fell in 2009, why won't it fall this time around? What's the difference?
There are only 2 groups of people in this world: those with guts (inside) and those with guts (spilling out). Your advice below is of no help to anyone either.
Quote:
Originally Posted by Unregistered
There are only 2 groups of people in this world: those who have guts and those who do not. Unfortunately, your advice wouldn't be of help to either group.
Those young couples who have guts would have bought distressed properties as recently as 2009, which was not even one-tenth of a generation ago, and would have seen their investment quadrupled at least, assuming a 20% down payment for suburban condos which have generaly double in price since then.
On the other hand, those young couples who do not have guts will only tremble and urinate in their pants even if a distressed property is offered right in front of their eyes with the economy around them collapsing, their jobs at stake and bonuses cut. They will live through many property cycles without doing anything, anyway.
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