25-05-2013, 12:00 AM
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Quote:
Originally Posted by Wiseman1
Since he is not polite with his response, why should I bother to be civilised???
Where did you see me say he is stupid to buy a property for investment when the market is down?
All I am saying is there are a lot of property owners up there sitting on paper profits so they think they are worth millions. Is this not a mirage?
Everyone should do a reality check, you are not worth the millions you think you are, until the point when your properties are sold to the next sucker and cash is in your hands. But first of all, you must find that sucker!
This is not being sour grapes, this is a fact, the irrational bullishness and misplaced optimism that silly-poreans hold on the property front is the biggest risk yet to the property market as a whole.
The current situation is akin to a musical chair, I buy a house at "x" price, I dont care if the price is too high, I am confident the market would keep going up, there would be another person who would come along to buy my house at even higher prices so I can make a tidy profit. It wont go wrong....but we all know the music must stop at some point
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so when do you think the music will stop?
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