Right time to commit to a property now?
- Thread starter DayDreaming
- Start date
DayDreaming
Well-Known Member
Re: Right time to commit to a property now?
Buying is to stay & after the MOP will upgrade to private dan the EC bought will be renting out..
ac323;857339 said:
Buying is to stay & after the MOP will upgrade to private dan the EC bought will be renting out..
Re: Right time to commit to a property now?
Straits Times reported that a 1500+ sq ft unit at Keppel Reflections made a loss of 300k+ after selling off this year, while another 1800+ sq ft unit was sold at a modest profit of only 150+k, both units bought in 2007. I thought high end developments won't lose money..???
Straits Times reported that a 1500+ sq ft unit at Keppel Reflections made a loss of 300k+ after selling off this year, while another 1800+ sq ft unit was sold at a modest profit of only 150+k, both units bought in 2007. I thought high end developments won't lose money..???
wt_know
Well-Known Member
Re: Right time to commit to a property now?
ST FTW !
aren't they published recently about 2 late twenties / early thirties property agent ... drive sports car and own several multi-millions dollars property
two things you get from the story ... 1 become property agent or 2 buy properties (plural) to get rich but i need to apply 100 years loan first (any lobang?)
everyone wants to flip property like flipping prata .... fast and furious
ST FTW !
aren't they published recently about 2 late twenties / early thirties property agent ... drive sports car and own several multi-millions dollars property
two things you get from the story ... 1 become property agent or 2 buy properties (plural) to get rich but i need to apply 100 years loan first (any lobang?)
everyone wants to flip property like flipping prata .... fast and furious
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Re: Right time to commit to a property now?
+1000
Property agents are perpetually bullish. Vested investors wanna be bullish. So, hardly a majority will sound out warning signs on waning demand vs supply numbers.
Which one of us will bother to check numbers of caveat lodged as an indicator?
Where were we in the post-1996 cycle? How long did that retracement took to recover?
If you are flipping, clearly, the risk/reward ratio for new entrants is no good at this point. But if you are buying and living in it, the issue is about affordability, not bottom fishing.
MW said:
+1000
Property agents are perpetually bullish. Vested investors wanna be bullish. So, hardly a majority will sound out warning signs on waning demand vs supply numbers.
Which one of us will bother to check numbers of caveat lodged as an indicator?
Where were we in the post-1996 cycle? How long did that retracement took to recover?
If you are flipping, clearly, the risk/reward ratio for new entrants is no good at this point. But if you are buying and living in it, the issue is about affordability, not bottom fishing.
Centurion9990
Well-Known Member
golilok;858856 said:
Property, most appreciate on long term investment.. Cars, only appreciate during COE hike like now..
Re: Right time to commit to a property now?
The irony is that people pay lip service for the definition of "long term."
Next week, some policies from zheng hu on cooling, prices dropped a bit, these "long term investors" will panic.
Centurion9990 said:
The irony is that people pay lip service for the definition of "long term."
Next week, some policies from zheng hu on cooling, prices dropped a bit, these "long term investors" will panic.
Centurion9990
Well-Known Member
kenntona;858888 said:
Exactly ken.. its a no brainer principle.. all RMs tell me their products are excellent based on dollar cost averaging, blah blah blah.. but on long term.. who doesn't know that.. parking my funds in FD for 20years sure gain too..
Re: Right time to commit to a property now?
The typical conversation one week ago....
"How? Can enter or not? I buy and keep for long term one. Not contra."
"How long is your long term?"
"Few years. I can hold."
A week later, market gets volatile. Some stocks swing 5-10% down.
"Eh how, my stock? You think I should cut loss?"
"I thought you buying and keeping for long term? Few years? Now only one week only."
"Yeah but I cannot tahan the shake."
He will then proceed to cut loss and claim victory for a few days and then whine few months later.....
The typical conversation one week ago....
"How? Can enter or not? I buy and keep for long term one. Not contra."
"How long is your long term?"
"Few years. I can hold."
A week later, market gets volatile. Some stocks swing 5-10% down.
"Eh how, my stock? You think I should cut loss?"
"I thought you buying and keeping for long term? Few years? Now only one week only."
"Yeah but I cannot tahan the shake."
He will then proceed to cut loss and claim victory for a few days and then whine few months later.....
Re: Right time to commit to a property now?
This is the best answer
http://www.bmw-sg.com/forums/proper...really-good-time-buy-property.html#post650262
This is the best answer
http://www.bmw-sg.com/forums/proper...really-good-time-buy-property.html#post650262
Centurion9990
Well-Known Member
kenntona;858905 said:
Typical mentality of speculator, not even investor yet.. it's all about emotion..
