To buy now over next 6 months or not?

[LOL LOL]

I am sure your kids are smarter than you because no one can as stupid as you.

LOL LOL:   Here is a tip, if you are going to call someone stupid, at least do it without errors and in correct English.  Otherwise it backfires on you.

Well the 'be' got left one while typing it out too fast. In any case, no one can be as stupid as you.

[FFS]

I am sure your kids are smarter than you because no one can as stupid as you.

LOL LOL:   Here is a tip, if you are going to call someone stupid, at least do it without errors and in correct English.  Otherwise it backfires on you.

Well the 'be' got left one while typing it out too fast. In any case, no one can be as stupid as you.

It's always a good idea to check your idiotic posts before clicking the 'send' button. Another quality retort there, well done 

[No time]

I am sure your kids are smarter than you because no one can as stupid as you.

LOL LOL:   Here is a tip, if you are going to call someone stupid, at least do it without errors and in correct English.  Otherwise it backfires on you.

Well the 'be' got left one while typing it out too fast. In any case, no one can be as stupid as you.

It's always a good idea to check your idiotic posts before clicking the 'send' button. Another quality retort there, well done 

I am not sitting for an English test. Time is critical and I have no time to check posts meant for idiots.

[Kubes.SG]

I am no guru, never have been.  Suggest you do your own sums on the economics of buying vs renting, and factor in and weight all the risks and benefits.  My view, like the sensible people here is that the downside risk greatly outweighs the chance of upside for at least 2-3 years.

Go make your own call but remember the smart ones are waiting for the expected 20% decline in SG Prime Property prices.

[How long]

I am no guru, never have been.  Suggest you do your own sums on the economics of buying vs renting, and factor in and weight all the risks and benefits.  My view, like the sensible people here is that the downside risk greatly outweighs the chance of upside for at least 2-3 years.

Go make your own call but remember the smart ones are waiting for the expected 20% decline in SG Prime Property prices.

Well my Guru, so far median prices have not fallen by more than 5%.In fact the next set of URA figures may even show a 0.01% rise. So how long more should I wait

[patience]

Patience is a very important virtue when investing.  House prices are known to be "sticky" in the short term for a variety of reasons.  If 2003 was the best time to buy, then it took 7 years from the previous peak to get there.  I'm not saying it will take 7 years this time, but in relative terms, this slowdown is just starting. 

I think 2009-2010 will be a very interesting time because then the condos that were bought off-plan during the 2007 bubble will be completed.  "Interesting times" might arrive sooner if the world economy deteriorates further.  The Chinese economy is starting to look increasingly shaky (according to the BT today, 67000 SME went out of business in the first half of 2008 already).  Just the risk that the Chinese economy might tank is enough downside for me that I don't want to hold property at today's prices.

[Yes my Guru]

Patience is a very important virtue when investing.  House prices are known to be "sticky" in the short term for a variety of reasons.  If 2003 was the best time to buy, then it took 7 years from the previous peak to get there.  I'm not saying it will take 7 years this time, but in relative terms, this slowdown is just starting. 

I think 2009-2010 will be a very interesting time because then the condos that were bought off-plan during the 2007 bubble will be completed.  "Interesting times" might arrive sooner if the world economy deteriorates further.  The Chinese economy is starting to look increasingly shaky (according to the BT today, 67000 SME went out of business in the first half of 2008 already).  Just the risk that the Chinese economy might tank is enough downside for me that I don't want to hold property at today's prices.

Yes but my Guru, but just like no one foresaw the present  downturn 1 year ago, are you very sure I should now listen to you and wait for prices to decline in 2009/2010. Did you come to this forum 1 year ago and warned all of us the kind of shit we will be getting into and how the sub-prime crisis will evolve?

[patience]

You asked a question and I answered it:  "So how long more should I wait."

I don't think I make unreasonable or over-confident assertions.  Everyone knows that the economy is hard to predict.  If we can only write certainties on this board, might as well shut the whole thread down.  Readers with half an ounce of intelligence will know that they have to take others' opinions at face value, form their own conclusions, and accept the outcome of whatever bets they place.  Personally, I enjoy reading others' opinions when they're civil and rational.

[The sign]

Patience is a very important virtue when investing.  House prices are known to be "sticky" in the short term for a variety of reasons.  If 2003 was the best time to buy, then it took 7 years from the previous peak to get there.  I'm not saying it will take 7 years this time, but in relative terms, this slowdown is just starting. 

I think 2009-2010 will be a very interesting time because then the condos that were bought off-plan during the 2007 bubble will be completed.  "Interesting times" might arrive sooner if the world economy deteriorates further.  The Chinese economy is starting to look increasingly shaky (according to the BT today, 67000 SME went out of business in the first half of 2008 already).  Just the risk that the Chinese economy might tank is enough downside for me that I don't want to hold property at today's prices.

Yes but my Guru, but just like no one foresaw the present  downturn 1 year ago, are you very sure I should now listen to you and wait for prices to decline in 2009/2010. Did you come to this forum 1 year ago and warned all of us the kind of shit we will be getting into and how the sub-prime crisis will evolve?

Yes, if you visited 12 months ago and read the warning signs properly they were all there.

[Kubes.SG]

Yes but my Guru, but just like no one foresaw the present  downturn 1 year ago, are you very sure I should now listen to you and wait for prices to decline in 2009/2010. Did you come to this forum 1 year ago and warned all of us the kind of shit we will be getting into and how the sub-prime crisis will evolve?

You are so very wrong.  There were many of us here who were loudly calling out the risks and eventual downturn.  Here are some:

http://www.expatsingapore.com/forum/index.php/topic,31457.0.html

http://www.expatsingapore.com/forum/index.php/topic,4848.0.html

http://www.expatsingapore.com/forum/index.php/topic,29701.0.html

http://www.expatsingapore.com/forum/index.php/topic,34273.0.html

http://www.expatsingapore.com/forum/index.php/topic,38931.0.html

http://www.expatsingapore.com/forum/index.php/topic,41324.0.html  (a bit recent)

http://www.expatsingapore.com/forum/index.php/topic,35385.0.html

http://www.expatsingapore.com/forum/index.php/topic,32920.0.html

http://www.expatsingapore.com/forum/index.php/topic,33071.0.html

http://www.expatsingapore.com/forum/index.php/topic,32352.0.html

http://www.expatsingapore.com/forum/index.php/topic,37388.0.html

http://www.expatsingapore.com/forum/index.php/topic,34240.0.html

[Golden Era]

It is already obvious and yet people cant see.

Property prices are not falling across the broad, only a pocket of sales here and there are selling lower but only a few. Generally its been very stable.

We are already 1 year into this shit and by 2010 whom some predict to be the flood year, economy and market sentiment would have picked up!

Its silly to carry on waiting and continue to pay extremely high rent. This is the time you should go out to bargain hunt in a soft market, not wait and wait and wait for the durian to drop.

If you listen to people like Kube, you end up paying 2 years of rent and only to buy the property you always wanted for exactly the same price 2 years ago.

Prices will remain flat for the remainder of this year and next. As for 2010, we shall see. By than, we would have 2 solid year of consolidation, would you expect a fall or rise? 2010 will see the height of activities Singapore has ever experience, with all the super projects in full swing.

If 2007 property huge volume will result in supply overhang as some expert predict, wont 2008 dismay year balance it out? Afterall, project completion are likely to be delayed and spread out over more years.

One doesnt have to read into chart or study past trend to draw a conclusion. Look at it holistically and see the bigger picture. Singapore is in the beginning of a tranformation into something of a different level.


 

[No one]

Patience is a very important virtue when investing.  House prices are known to be "sticky" in the short term for a variety of reasons.  If 2003 was the best time to buy, then it took 7 years from the previous peak to get there.  I'm not saying it will take 7 years this time, but in relative terms, this slowdown is just starting. 

I think 2009-2010 will be a very interesting time because then the condos that were bought off-plan during the 2007 bubble will be completed.  "Interesting times" might arrive sooner if the world economy deteriorates further.  The Chinese economy is starting to look increasingly shaky (according to the BT today, 67000 SME went out of business in the first half of 2008 already).  Just the risk that the Chinese economy might tank is enough downside for me that I don't want to hold property at today's prices.

Yes but my Guru, but just like no one foresaw the present  downturn 1 year ago, are you very sure I should now listen to you and wait for prices to decline in 2009/2010. Did you come to this forum 1 year ago and warned all of us the kind of shit we will be getting into and how the sub-prime crisis will evolve?

Yes, if you visited 12 months ago and read the warning signs properly they were all there.

How many predicted the sub-prime crisis that started in 2007 - no one.

[Lost cause]

It is already obvious and yet people cant see.

Property prices are not falling across the broad, only a pocket of sales here and there are selling lower but only a few. Generally its been very stable.

We are already 1 year into this shit and by 2010 whom some predict to be the flood year, economy and market sentiment would have picked up!

Its silly to carry on waiting and continue to pay extremely high rent. This is the time you should go out to bargain hunt in a soft market, not wait and wait and wait for the durian to drop.

If you listen to people like Kube, you end up paying 2 years of rent and only to buy the property you always wanted for exactly the same price 2 years ago.

Prices will remain flat for the remainder of this year and next. As for 2010, we shall see. By than, we would have 2 solid year of consolidation, would you expect a fall or rise? 2010 will see the height of activities Singapore has ever experience, with all the super projects in full swing.

If 2007 property huge volume will result in supply overhang as some expert predict, wont 2008 dismay year balance it out? Afterall, project completion are likely to be delayed and spread out over more years.

One doesnt have to read into chart or study past trend to draw a conclusion. Look at it holistically and see the bigger picture. Singapore is in the beginning of a tranformation into something of a different level.


 

It is a lost cause. You are talking to a wall. The Bears are still in dreamland waiting for the crash to materialise.

[Someone did]

Patience is a very important virtue when investing.  House prices are known to be "sticky" in the short term for a variety of reasons.  If 2003 was the best time to buy, then it took 7 years from the previous peak to get there.  I'm not saying it will take 7 years this time, but in relative terms, this slowdown is just starting. 

I think 2009-2010 will be a very interesting time because then the condos that were bought off-plan during the 2007 bubble will be completed.  "Interesting times" might arrive sooner if the world economy deteriorates further.  The Chinese economy is starting to look increasingly shaky (according to the BT today, 67000 SME went out of business in the first half of 2008 already).  Just the risk that the Chinese economy might tank is enough downside for me that I don't want to hold property at today's prices.

Yes but my Guru, but just like no one foresaw the present  downturn 1 year ago, are you very sure I should now listen to you and wait for prices to decline in 2009/2010. Did you come to this forum 1 year ago and warned all of us the kind of shit we will be getting into and how the sub-prime crisis will evolve?

Yes, if you visited 12 months ago and read the warning signs properly they were all there.

How many predicted the sub-prime crisis that started in 2007 - no one.

Nouriel Roubini did, just that everyone thought he was insane. It's the same here where everyone thinks that Singapore's economy and especially real estate market is infallible. As history has shown us, over-confidence and exuberance is usually a sign that the peak as has been crossed.

[no one ...]

... in your coffeeshop?

How many predicted the sub-prime crisis that started in 2007 - no one.

Aside from the above-named Roubini, how do you think Goldman Sachs emerged from the subprime crisis so strong?  How do you think Henry Paulson made 2.7 billion dollars for himself last year?  Then you have Charles Morris (author of "the trillion dollar meltdown") who saw this coming since 2005 according to The Economist, and many, many others.

I always like it when people make categorical statements without any knowledge of the facts.