Quote:
Originally Posted by Unregistered
Assets at current value are worth about 2.4 mil. Assuming they depreciate by half to 1.2 mil, I still won't be in negative equity.
Of course it would wipe out my life savings. Hence the question
AJ
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Don't be too sure about your assets. Your assets may crash due to the oversupply of condos. Unless the supply is reduced significantly or we increase FTs a lot so as to rent the empty condo blocks, prices will surely crash, if crash by 60%, you will be in deep trouble. Once it crash, you will also lose your job and this will make matters worse. Think carefully. We have been warned about irresponsible people who over leverage. So you are one of these stupid ones.