Saturday, May 24, 2008
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Posted: 23-05-2008
Post subject: Warning !
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Now it seems the US government is not going to cut down interest rate anymore. This is very bad news for the property market in Singapore.
It means soon you will witness the US government and then followed by Singapore government increasing interest rates bit by bit to check on inflation. That will be the next move. By increasing interest rate, people will save more money and cut down on their spendings. Thats the only way to combat inflation. Reduced demand and prices will go down.
And guess what will happen to your property mortgage interest rates ?? Up, up and up. And your property prices ? Down, down and down.
Be prepared for the worst to come soon.
Mortgage Rate to Rise : Property Price to Dip
Posted by: SeanPosted: 23-05-2008
Post subject: Warning !
--------------------------------------------------------------------------------
Now it seems the US government is not going to cut down interest rate anymore. This is very bad news for the property market in Singapore.
It means soon you will witness the US government and then followed by Singapore government increasing interest rates bit by bit to check on inflation. That will be the next move. By increasing interest rate, people will save more money and cut down on their spendings. Thats the only way to combat inflation. Reduced demand and prices will go down.
And guess what will happen to your property mortgage interest rates ?? Up, up and up. And your property prices ? Down, down and down.
Be prepared for the worst to come soon.
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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 :)