Quote:
Originally Posted by Unregistered
Are u a property agent?
There is no doubt, a good property investment will generate wealth, especially in Singapore. However there is also such a thing as a bad property investment and bad timing. While Oldman and a lot of other Richmen have succeeded and have posted their successes here, this forum hardly ever hears from the Suaymen who bought in 1997.
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Haha well put. In hindsight, the reasons for the spectacular rise in pty prices from 1980 are ad follows:
- rise from 3rd world to 1st
- drop in interest rate from above 10% to the all time lows today
- property was fundamentally affordable back then (
hdb price was 20x starting grad income. Now its 80x. Private houses hv gone up even more)
- there was arbitrage opportunities back then (if u work in us or Australia for a couple of yrs, you can get a very nice house here as jobs in first world countries pay 5 to 10x as much as Singapore companies . Now that arbitrage is not there anymore )
Sparing us the old liquidity argument, which stimuli do u still see out there today ?