Originally Posted by Unregistered

Be careful. There are many old, ignorant, optimistic fools who like to dish out stupid advice. Those fools have enjoyed a property boom, which has now ended. Prices will fall drastically due to the huge oversupply coming. The more costly your condo, the more you will lose. If you buy a $2m condo, if price falls by 50%, you will lose $1m. But if you buy a $1m condo, you will only lose $500k. The best is to buy a cheap condo, fully paid up. Even if prices crash, there is no bank to chase after you. Worse, if you lose your job. You can't finance your condo's loan and you have to force sell your condo as the banks are chasing after you. Also don't buy any investment condo as you risk losing your capital.