Quote:
Originally Posted by Unregistered
If property prices fell in 2009, why won't it fall this time around? What's the difference?
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The difference is that nobody wants to end up the butt of jokes like the sellers who sold to the guy above in 2009.
Quote:
Originally Posted by Unregistered
hehe, i was one of the those who bought one in 2003 and two after 2009. have made enough to own a freehold landed and 800K cash in the bank. now i don't really care if prices crash (can use my cash to buy a cheap one) or shoot up (my landed will increase in value).
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2009 is still very fresh in everyone's mind, so these sellers are still the laughing stock of friends, colleagues and relatives during Christmas party.
Cousin: "What! You panicked after Lehman and sold your house for $1 million? It's worth $2.5 million now!"
Aunt: "What a pity! You gave away $1.5 million to this guy? You're generous!"
Wife: "He likes to play Santa Claus! If he does it one more time I'll file for divorce. I'm not joking OK!"
Uncle: "Ok! Ok! Don't quarrel! Come have a piece of turkey so you wouldn't chicken out so easily!"