This is a wise reminder. Not safe to invest now, especially condos. No tenants nowadays.
I will wait for STI to drop to 1000 before I buy up stocks.
Quote:
Originally Posted by Unregistered
If you have been following the news, you will know that there is a high chance that we will enter a RECESSION next year in 2017.
This means that there will be many job losses, property prices will crash, property rentals will crash, COE prices will crash and there will be many unemployed people, especially those older workers.
So, better be safe. Don't waste money on cars, employing maids, expensive restaurants and expensive holidays. YOU could be retrenched next year.
I think COE prices will most likely crash to below $30k in 2017.
Keep lots of cash so that you can use the cash to feed your family if you and wife are both retrenched next year. |