Quote:
Originally Posted by adbie
How confident are you that prices will "drop a little"? Already there are people saying that the next boom cycle is already in the making and those who have not bought a house (be it HDB, condo or landed) will only see higher prices in the future.
Disclaimer: I'm also waiting... |
From my observations, seems like a lot of people have bought and are currently paying for "over priced" flats. I am pretty confident, some if not most of these people will eventually run into liquidity problems. When that happens, it should trigger off the start of a property market crash.
Pay freeze, lay offs, shrinking GDP and rising property prices? Doesn't sound right. Eventually the bubble will burst.