Exploit the Recession

Yep, looks like the property cycle may be turning the corner again. At least the stocks are falling now.

Get ready to shop.

I bought a condo unit for own stay in 2009 at 900k, now it is worth 1.6m.
My buddy was the champion. He bought a unit at the lowest, at 600k, and now worth 1.5m.

Originally Posted by Unregistered

Just browsing the archives.

If someone had followed this piece of advice in 2009, he/she would indeed have had paid $200k (pre-cooling measures) and borrowed $800k to buy a $1m house, and probably managed to rent it out to cover interests and expenses. And likely the house is worth $1.4m now!

Ya, i totally agree. I have a million SGD in 2009 and I bought three properties one month between each other and it is at the suburbs. I bought at around SGD 500K each and now each worth SGD 1.2M. I paid 20% downpayment and use HDB as collateral bcos bank refused lend so much. So SGD 300K turned out to worth SGD3.6M, a 12 times profit. I bought SGD500K in shares and profits though less, but still decent, they have roughly doubled or tripled, worth SGD 1.5M. Totally, my 1M at start turn to 5.1M in 5 years. Thanks Obama for your cheap money. If I am US citizen, I surely vote for you.