*Official* General Market Chit Chat Thread - Part 2

[Daimon]

Property is hard to crash. So many cooling measures, take any of it off and it can slow the crash. At most it will slowly go down in prices.

"US Housing market has never collapse" ~ Banker in 2005

 

[Daimon]

Yup yup tdsr and absd enough to stop most ppl.
And ppl seemed to forget that land space in sg is really scarce, crash due to oversupply I hear for these past 2 years but the only thing I see is pent up demand over properties.

Jobless. Unemployment at 10%. Capital outflow.

 

[Kinetic88]

Our garmen learned it the hard way so now kiasu and kiasi put so many cooling measures in place. No more easy firesale or en-bloc fever nowadays.

it take 10 or 15 yrs for the property market to go boom than burst.

 

[Kinetic88]

"US Housing market has never collapse" ~ Banker in 2005

what happened to the housing market now ?

all song song gao zuloooong liao.

buy no scare, scare no buy - K88 shu shu satki quote.

 

[starfish.starfish]

Jobless. Unemployment at 10%. Capital outflow.

Do you see land sales going up or down? That's one way our garmen control supply as well.

You are right, unemployment is a potential issue, but garmen took measures to ensure ppl no longer over leveraged to mitigate some risks there.

 

[starfish.starfish]

"US Housing market has never collapse" ~ Banker in 2005

There's no context to this, so what was the reason why it collapsed? Subprime with over leveraged debts?

 

[Perisher]

"US Housing market has never collapse" ~ Banker in 2005

They got cooling measures? US is a good study of the need to prepare for crashes.

Sg housing has never collapse?
It has and that's why there is cooling measures.
It's main function is to curb property prices and prevent crashes.

Or you think cooling measures not enough?

 

[starfish.starfish]

it take 10 or 15 yrs for the property market to go boom than burst.

Tiagong sexperts said cycle getting shorter and shorter.
I just hope price can tahan another 3 yrs so I can buy in 3 yrs time .

 

[Perisher]

Do you see land sales going up or down? That's one way our garmen control supply as well.

You are right, unemployment is a potential issue, but garmen took measures to ensure ppl no longer over leveraged to mitigate some risks there.

Yah, over-leveraging is the real cause of crashes in the US.

 

[OngHuatHuat]

Hill view area condo floor area very big.
Those in my area not so big but still larger than new units.

the smaller unit (1,000 sq ft) opposite moi unit was selling at S$600K some 8 or 9 yrs ago and now ppl willing to pay S$1m for it even it ish 20+ yr old condo.

most if not all the condos around Hill View areas were selling around S$1M 10 yrs ago now can smelly smelly fetch S$1.5M.

 

[Daimon]

There's no context to this, so what was the reason why it collapsed? Subprime with over leveraged debts?

George Bush has not died. It doesn't mean he is immortal.

 

[starfish.starfish]

George Bush has not died. It doesn't mean he is immortal.

You are cryptic doesnt mean you are right.

 

[Daimon]

They got cooling measures? US is a good study of the need to prepare for crashes.

Sg housing has never collapse?
It has and that's why there is cooling measures.
It's main function is to curb property prices and prevent crashes.

Or you think cooling measures not enough?

In normal circumstances (last 30 years) with free trades, it works.

 

[OngHuatHuat]

Have to differentiate Ang mo mindset and Asian mindset.

And need to keep in mind difference between property tax too.

 

[Daimon]

Interest rate hike. More unemployment. Capital outflow.

 

[Weaboo]

Chinese especially sinkie Chinese has huge savings and are more conservative compared to Ang mohs

But the new gen I don't know lah.

 

[starfish.starfish]

Interest rate hike. More unemployment. Capital outflow.

Xdd sounds like he has never lived in a normal interest rate environment. FYI, life goes on.

 

[Maeda_Toshiie]

The natures of the Singapore housing market and the entire US housing market are different. Singapore is a land scarce city with little room to expand. People can't move from one region to another. Look, Singaporeans are not going to move to Ubin or JB en mass to cause prices to collapse. The US is different. People can move from one area to another, from the city center to the suburbs. Prices in one area can collapse or skyrocket without any financial crisis, just by urban developments.

 

[Maeda_Toshiie]

Xdd sounds like he has never lived in a normal interest rate environment. FYI, life goes on.

I treat those posts as popcorn bo liao entertainment, like what you get in EDMW.

 

[mcsane]

I treat those posts as popcorn bo liao entertainment, like what you get in EDMW.

I cant even see what he types.