Kubes was right

[Integrity.]

Please note that i am not Kubes. Let this stand on record.

Firstly, I only post on property and investment topics using my own nick-name - I have no reason to hide or manipulate the conversation.  I stand by what I write.

Thumbs up.

Don't priase yourself Kubes aka FRI. You have still not answered this questions despite being posed to you repeatedly. Why you only post on property related matters when you have no property and neither intend to have a property in Singapore? Very puzzling.

[Must be Kubes]

Please note that i am not Kubes. Let this stand on record.

Firstly, I only post on property and investment topics using my own nick-name - I have no reason to hide or manipulate the conversation.  I stand by what I write.

Thumbs up.

Don't priase yourself Kubes aka FRI. You have still not answered this questions despite being posed to you repeatedly. Why you only post on property related matters when you have no property and neither intend to have a property in Singapore? Very puzzling.

There is no way we can verfiy that. So we will assume you are Kubes since hardly anyone support his views (especially his ridiculous assertion that the govt/developers colluded to raise prices, etc)

[Kubes.SG]

There is no way we can verfiy that. So we will assume you are Kubes since hardly anyone support his views (especially his ridiculous assertion that the govt/developers colluded to raise prices, etc)

I did not assert such a thing.  But since you raised this as a possibility can you please tell us all here exactly when and why the Deferred Payment Scheme was introduced?  Then please explain when and why the Deferred Payment Scheme was removed?   What effect did the DPS have and what happened when the DPS was removed?

If you cannot or will not answer these questions adequately, you will prove that I am right again.  Are you up to the challenge?  Or just another gutless real-estate agent who now drives taxis?

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The collusion I was referring to is between agents and developers, to withhold properties, and talking-up supply constraints when all the data said there was none (in 2007 the rental vacancy rate did not drop below 5.7%).   

[go get a grip]

There is no way we can verfiy that. So we will assume you are Kubes since hardly anyone support his views (especially his ridiculous assertion that the govt/developers colluded to raise prices, etc)

I did not assert such a thing.  But since you raised this as a possibility can you please tell us all here exactly when and why the Deferred Payment Scheme was introduced?  Then please explain when and why the Deferred Payment Scheme was removed?   What effect did the DPS have and what happened when the DPS was removed?

If you cannot or will not answer these questions adequately, you will prove that I am right again.  Are you up to the challenge?  Or just another gutless real-estate agent who now drives taxis?

-------------------

The collusion I was referring to is between agents and developers, to withhold properties, and talking-up supply constraints when all the data said there was none (in 2007 the rental vacancy rate did not drop below 5.7%).   

Kubes, while I am bearish on property you are increasingly coming across as a smug, self-satisfied twat.  You haven't been proved right at all yet (I expect you will be but you haven't yet).  Fine, post your predictions and ignore the idiots but stop sounding like such an arse.

You posted earlier about you being a rational investor and ignoring bubbles, you sound like a technical analyst and believe me, that is not a compliment - any moron can see the last two years was a bubble.

[Kubes.SG]

Kubes, while I am bearish on property you are increasingly coming across as a smug, self-satisfied twat.  You haven't been proved right at all yet (I expect you will be but you haven't yet).  Fine, post your predictions and ignore the idiots but stop sounding like such an arse.

You posted earlier about you being a rational investor and ignoring bubbles, you sound like a technical analyst and believe me, that is not a compliment - any moron can see the last two years was a bubble.

Feedback is a gift.  But don't call me names as that devalues your credibility.  The positioning I take reflects those posts that I am responding too.  I must admit it is hard to continue the discussion as most property promoters just run away.

Your last point is interesting - I really don't think any property industry players or the general community actually think that 2007 was a bubble.  What's lower than a moron?
 

[go get a grip]

Kubes, while I am bearish on property you are increasingly coming across as a smug, self-satisfied twat.  You haven't been proved right at all yet (I expect you will be but you haven't yet).  Fine, post your predictions and ignore the idiots but stop sounding like such an arse.

You posted earlier about you being a rational investor and ignoring bubbles, you sound like a technical analyst and believe me, that is not a compliment - any moron can see the last two years was a bubble.

Feedback is a gift.  But don't call me names as that devalues your credibility.  The positioning I take reflects those posts that I am responding too.  I must admit it is hard to continue the discussion as most property promoters just run away.

Your last point is interesting - I really don't think any property industry players or the general community actually think that 2007 was a bubble.  What's lower than a moron?
 

Plenty of them do, they just dress up the way they present it.  In terms of general population just search this forum for the word, I think you will find it's use fairly widespread.

[Kuby Kubes]

There is no way we can verfiy that. So we will assume you are Kubes since hardly anyone support his views (especially his ridiculous assertion that the govt/developers colluded to raise prices, etc)

I did not assert such a thing.  But since you raised this as a possibility can you please tell us all here exactly when and why the Deferred Payment Scheme was introduced?  Then please explain when and why the Deferred Payment Scheme was removed?   What effect did the DPS have and what happened when the DPS was removed?

If you cannot or will not answer these questions adequately, you will prove that I am right again.  Are you up to the challenge?  Or just another gutless real-estate agent who now drives taxis?

-------------------

The collusion I was referring to is between agents and developers, to withhold properties, and talking-up supply constraints when all the data said there was none (in 2007 the rental vacancy rate did not drop below 5.7%).   

The DPS scheme was introduced to bolster when the market was extremely weak and was removed when the market became too bullish. DPS is iused as an intrument to control the property market. If the market does decline more than 20% and the mood becomes extremely bearish, DPS will likely be reintroduced.

Agents and developers cannot increase prices by talking up supply constraints. At the end of the day 99% of available properties are in hands of owners and if there is an oversupply of property and not enough people to rent them, prices will decline despite whatever collusion there might be between developers/agents. If they can effectively collude to raise prices, then they should also be able to effectively collude to prevent prices from falling. I am sure you do not believe they could prevcent prices from dropping in view of your predictions of a 20% and subsequent 40% decline.

I am trying to refrain from calling you names but I can't resist because you really are one big SILLY chap.