After I finished the post about my dream to be a millionaire, I became skeptical if we would ever get to be one.
(I included B in this dream although he was never the ambitious one in our relationship)
My original intent was to achieve our dream through real estate gains and rental returns but honestly I think we’re quite fxxxed!
Before I even realized it, everyone else is unknowingly pushing up property price with their kiasuism.
Sellers are asking for ridiculous price above bank valuation.
I seriously think that buyers should just relac one corner and let the property prices dip much lower before rushing into the market like mad dogs.
I really don’t understand what’s causing the mad rush.
Like Hello! We’re in a recession.
R-E-C-E-S-S-I-O-N!
I’m not sure if anyone still remembers how the property market dipped after every financial crisis aka recession.
Coincidentally, for a consecutive of 3 decades, the price dip always happens in the year of Tiger.
2010 is the year of Tiger.
Call me superstitious, I actually kinda believe it.
Someone actually highlighted this information using the property price index chart released by REDAS.
Click here to view it.
All is not lost, B & I are still searching for our dream (or not so dream) house/apartment.
God, please please please bless us.
1 comments:
if you continue to believe this Tiger crap and not understand why the market is behaving like it is now, how can you ever hope to profit from it?
besides, how can you derive rental return from your house you stay in, assuming you will be moving into your dream home.
market did not collapse in 1998 - it did that in 1997.
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