Monday, May 19, 2008

About this Blog

Investing in Property vs Speculation

One Smart Buyer wrote:
The best way to keep the speculators big mouths shut is not to buy. Their nonsense is also a reason we should wait or even stop buying private property. The price will definitely fall.

Opposition wrote:
I think this is a case of "the pot calling the kettle black". Out of the group of smart buyers, I believe a large percentage of them are also waiting to go in at low prices to snap up properties. Isn't this a form of speculation too?

Smart Buyer wrote:
If this is speculation, it is called Smart Speculation. Smart Buyers look at the economic fundamentals, the affordability, the foreigners' earnings etc. and decide there is little upside to buy at current prices. This is the spirit of the Smart Buyers.

Speculators follow the herd instinct blindly, often too optimistic. They're like gamblers. When they win a little, they think lady lucky is theirs, so they "start buying bigger and bigger, and mortgage for bigger and bigger amounts". When the day of reckoning comes, ...


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Dear visitors:
Your comments are most welcome!

The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.

Smart Buyer :)