Sgg687z Clutched September 16, 2011 Share September 16, 2011 strange that you guys are bringing this up when I have mentioned that a recession is already here 1.5 months ago in one of the thread. At that time, people were still challenging me. You should start to see a property price reversal in Q4 if not latest 2012 Q1. but current resale prices are still so high! I am confused! ↡ Advertisement Link to post Share on other sites More sharing options...
Maka Neutral Newbie September 16, 2011 Share September 16, 2011 but current resale prices are still so high! I am confused! High but nobody buy got what use?? Link to post Share on other sites More sharing options...
Icedbs Turbocharged September 16, 2011 Share September 16, 2011 but current resale prices are still so high! I am confused! It will take awhile before sellers are willing to face reality and buyers to get the news. Afterall, at the beginning, there will always be suckers or ignorant people who are willing to pay high price. Link to post Share on other sites More sharing options...
LoverofCar 6th Gear September 16, 2011 Share September 16, 2011 It will take awhile before sellers are willing to face reality and buyers to get the news. Afterall, at the beginning, there will always be suckers or ignorant people who are willing to pay high price. There are always people that don't believe the risk and think it will never happened....Else, why do we find many people commit sucide during downturn... Link to post Share on other sites More sharing options...
Sabbie Clutched September 16, 2011 Share September 16, 2011 I am undecided on this, if so many people knows that we are heading for a downturn, then things won't be that bad, usually things are bad when it hits unexpectedly, for eg asian financial crisis, collapse of the housing bubble in USA Link to post Share on other sites More sharing options...
Icedbs Turbocharged September 16, 2011 Share September 16, 2011 (edited) I am undecided on this, if so many people knows that we are heading for a downturn, then things won't be that bad, usually things are bad when it hits unexpectedly, for eg asian financial crisis, collapse of the housing bubble in USA actually not many people know about the downturn. Most pple in Singapore will only know when the gov. tells them that we have 2 quarters of economy contraction. Otherwise, they will still be spending happily everywhere. You should know how Spreans function by now. Only when our newspaper say so, it count! Edited September 16, 2011 by Icedbs Link to post Share on other sites More sharing options...
Sabbie Clutched September 16, 2011 Share September 16, 2011 actually not many people know about the downturn. Most pple in Singapore will only know when the gov. tells them that we have 2 quarters of economy contraction. Otherwise, they will still be spending happily everywhere. You should know how Spreans function by now. Only when our newspaper say so, it count! Hmm, maybe I been spending too much time in this forum, seems that people here are quite wise and are expecting a recession....yeah...maybe many people still seem to just continue to live life as per normal and not prepared for it...many people taking up balance transfer and credit lines.... Link to post Share on other sites More sharing options...
Maroon5 5th Gear September 16, 2011 Share September 16, 2011 your fren taking a bet on spot prices mah....boy am I glad I am not a priority or private banking customer! its a term deal with a price range. now this is jus the stage 1 or 2 of their complex products avail. Link to post Share on other sites More sharing options...
Maroon5 5th Gear September 16, 2011 Share September 16, 2011 yes...i am waiting for tat too....this is the turning point for middle class group to become rich group see u guys are alr forming the support, so how low can it go. Link to post Share on other sites More sharing options...
Maroon5 5th Gear September 16, 2011 Share September 16, 2011 IF SNB needs to liquidate GOLD to protect CHF, what can you liquidate to protect your GOLD? consequences of pegging to the euro. frankly if SM Lee words yest r fulfilled, wil b scary. Link to post Share on other sites More sharing options...
LoverofCar 6th Gear September 16, 2011 Share September 16, 2011 actually not many people know about the downturn. Most pple in Singapore will only know when the gov. tells them that we have 2 quarters of economy contraction. Otherwise, they will still be spending happily everywhere. You should know how Spreans function by now. Only when our newspaper say so, it count! Yes..alot of people don't even know that something is not right.....they are still happily spending and spending...What we are relating here is from the industries and market...it is a true fact that companies are laying off people and forcing people to clear leave....up to these people how they want to translate that.... Link to post Share on other sites More sharing options...
Vhtfhwlego Supercharged September 16, 2011 Share September 16, 2011 It will take awhile before sellers are willing to face reality and buyers to get the news. Afterall, at the beginning, there will always be suckers or ignorant people who are willing to pay high price. Alot of suckers will be thinking that buying brand new flats will always profit and not taking into consideration that what if it is not? = 30 years in debt. Link to post Share on other sites More sharing options...
Wishcumstrue 6th Gear September 16, 2011 Share September 16, 2011 lehmann issue is just a walk in the park. This one will be much worst and prolonged. Lehman is just a bank going backrupt and affected others. Now we are talking about Europe countries going bankrupt. The magnitude of this is much higher. Projection that bad, huh? Lehmen sucked many rich guys $$$. So this one may suck many "rich" countries liao? I thought Uncle 温宝宝 hinded in Dalian this Mon that some of his 3 Trillion$ resevere maybe used to help the EU cuntries? Of course, that promise comes with "conditions applied". Link to post Share on other sites More sharing options...
Rockaphonics 2nd Gear September 16, 2011 Share September 16, 2011 It will never happen. Printing money will keep the economy going. Singaporeans no money to buy properties? The rich Chinese and Malaysian will come and grap the cheap properties. Just like when London and aussie properties were cheap in the late 90s, many singaporean went to buy it. The only time properties go down is when Singapore is finished!! Do anyone here want to see that happen? I don't think so. Therefore...subconsciously....the citizens are hoping the emperor and son will keep the song and dancing on and on. No worries....the force is strong. I am getting my first private property for investment soon. I am vested HAHA. nice. No wonder informed investors keep making money from pple like you. Link to post Share on other sites More sharing options...
Sk65 1st Gear September 16, 2011 Share September 16, 2011 consequences of pegging to the euro. frankly if SM Lee words yest r fulfilled, wil b scary. ex MM? what he said? he spoke quite often lately. Link to post Share on other sites More sharing options...
Sabbie Clutched September 16, 2011 Share September 16, 2011 its a term deal with a price range. now this is jus the stage 1 or 2 of their complex products avail. We bankers are so innovative....lol Link to post Share on other sites More sharing options...
Rockaphonics 2nd Gear September 16, 2011 Share September 16, 2011 seems that people are still taking cheap loans to buy houses. developers are still offloading ppties. if ppty market goes down, jialat.... Uncle TT will have to jiu ming! One must understand human psychology. We only believe what they can see. Prices now are still moving up, pple will continue to buy due to greed and fear of losing out. Developers are offloading their properties like hot sale now too. The reason? To me is that they have to strike while the iron is hot. They are not stupid. What for release everything if the projection is positive in the future? Those are the reason why the economy has boom and bust. Every cycle is exactly the same. Doesnt matter if we have gone through 9/11, 1987 asian crisis. Basic human behavior dont change. Link to post Share on other sites More sharing options...
Cook1234 Neutral Newbie September 16, 2011 Share September 16, 2011 that's why i looked upon this forum for ideas for 'retirement'. Some lau jiao people here are better than financial planners out there.... and you know who they are... ↡ Advertisement Link to post Share on other sites More sharing options...
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