Quote:
Originally Posted by Unregistered
This is the theory everyone says but never happen. Look at 2008, all say end of the world, economy collapsing and all the anti-property people say crash is coming. In the end what happen?
A slight 10%-15% correction for <1 year followed by a massive increase once again. Do not confuse economy / stock market downturn with properties.
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A slight 10%-15% is more than enough to kill most w/o a job or got retrenched. If they sell, they incur a loss of 10-15% (not including the stamp duties, lawyer fees whatnot ****), if they hold, can they tahan < 1 year while servicing the highly monthly payment w/o a job at the same time? Unless u got substantial savings of coz sure go for it, if not well just buy within your means.
Like the chinese says, if you dont have such a big head dont wear such a big hat.
Btw u referring to private properties right? If
HDB, if you want downgrade can only downgrade to resale (correct me if i am wrong)
Anyway whats all this gotta do with retrenchment in the first place also
