To buy now over next 6 months or not?

[Silly Silly]

... 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.

How many made and how many lost. Even Fed officials were caught offguard.
What about you - you made your billions?

[Kubes.SG]

How many made and how many lost. Even Fed officials were caught offguard.
What about you - you made your billions?

Just because you don't understand what has happened and why, plus can't think through what will happen in the future, it does not mean that everyone else is also surprised and scared like you.

To your question on worth.  By applying SG property tactics in AU, I now own property assets valued at over SG$1.63 billion (with a "b").   Zero debt.

Let me guess your story - you bought 3 prime properties that will TOP in 2010 and 2011 that cost you a total of $6.2 million, but you owe the banks $5.6 million and your daddy $850K for the deposits.  Plus you also bought a BMW Z4 using some left over daddy-money, and now have monthly repayments of $1650 (which are a bit of a stretch).

[Bigger Picture]

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.


 

The big picture is that singapore is transforming, the bigger picture is that the world is deleveraging. Watch out!

[fugly kubes :)]

By applying SG property tactics in AU, I now own property assets valued at over SG$1.63 billion (with a "b").   Zero debt.

If I were you, I would shell out for some plastic surgery.

[Kubes.SG]

If I were you, I would shell out for some plastic surgery.

I already have.

[Poor Kube]

What went wrong?

If I were you, I would shell out for some plastic surgery.

I already have.

[Biggest]

The biggest picture is deleveraging is happening all over the world, BUT at varying degree of severity. As far as Singapore is concern, its mild.

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.


 

The big picture is that singapore is transforming, the bigger picture is that the world is deleveraging. Watch out!