Friday, September 12, 2008
About this Blog
anonymous 1 wrote:
to all forumers here
i am concerned of some people who speculate with their home. they sold off their home hoping to buy back later cheaper. this is stupid and dangerous. your home is precious. do not speculate. now many who sold off earlier in 2006 hoping the market to go down are panicking because prices are not falling instead have risen since then. property prices will not go down instead are going up. pls think. dont be stupid.
anonymous 2 wrote:
I agree that it's too speculative to sell your home hoping for a gain but it's equally speculative to say that price will go up and start buying in. The best thing to do is stay put. Don't sell, if you don't have to sell unless you forsee cash flow problem. Don't buy if you don't have to buy because the economic downturn is going to be prolonged and the impact can be severe...
Ann wrote
The problem is that for many of us, we only do own one property, and that property is our home. That's not something you want to gamble with. Don't gamble with what you cannot afford to lose.
If you're a HOME buyer, you may have a stronger reason to commit such a large sum of money. (Even then, timing is important).
But if you're an INVESTOR/speculator, unless you have a SPARE million dollars that YOU CAN AFFORD TO LOSE, then I think don't its wise to play the property GAME, ESPECIALLY AT THIS POINT soon after prices have just shot up 50%-100% in 2 years, are starting to retrace, at the brink of a global recession/slowdown, and with the excesses (sales and building) of 2007 coming onstream in 1-2 yrs.
You can still invest in property via REITs, at a level that you can afford. Don't bet your life, you could lose it.
anonymous 4 wrote:
YES SOME ARE IRRESPONSIBLE ... SELL THEIR HOMES AND THEN APPLY FOR HDB RENTAL FLAT!!!!!!!!!!!!
THESE PEOPLE ARE TAKING AWAY PRECIOUS RESOURCES AND REDUCE THE CHANCES OF PEOPLE WHO ARE REALLY POOR AND DESTITUTE WHO REALLY NEED THE RENTAL FLATS ...
Anonymous 5 wrote:
Good advice. Point taken.
May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
When to Buy, When Not to by
Property Price Index Graph Plotter & Online Property Valuation
Your Property Investment Determines Your Financial Success in Your Life
HDB Resales: West Sees Highest Price Increase
Property Investment Advice: Only Invest with money you can afford to lose
The following forum exchanges is extracted from the Singapore Property Forumanonymous 1 wrote:
to all forumers here
i am concerned of some people who speculate with their home. they sold off their home hoping to buy back later cheaper. this is stupid and dangerous. your home is precious. do not speculate. now many who sold off earlier in 2006 hoping the market to go down are panicking because prices are not falling instead have risen since then. property prices will not go down instead are going up. pls think. dont be stupid.
anonymous 2 wrote:
I agree that it's too speculative to sell your home hoping for a gain but it's equally speculative to say that price will go up and start buying in. The best thing to do is stay put. Don't sell, if you don't have to sell unless you forsee cash flow problem. Don't buy if you don't have to buy because the economic downturn is going to be prolonged and the impact can be severe...
Ann wrote
The problem is that for many of us, we only do own one property, and that property is our home. That's not something you want to gamble with. Don't gamble with what you cannot afford to lose.
If you're a HOME buyer, you may have a stronger reason to commit such a large sum of money. (Even then, timing is important).
But if you're an INVESTOR/speculator, unless you have a SPARE million dollars that YOU CAN AFFORD TO LOSE, then I think don't its wise to play the property GAME, ESPECIALLY AT THIS POINT soon after prices have just shot up 50%-100% in 2 years, are starting to retrace, at the brink of a global recession/slowdown, and with the excesses (sales and building) of 2007 coming onstream in 1-2 yrs.
You can still invest in property via REITs, at a level that you can afford. Don't bet your life, you could lose it.
anonymous 4 wrote:
YES SOME ARE IRRESPONSIBLE ... SELL THEIR HOMES AND THEN APPLY FOR HDB RENTAL FLAT!!!!!!!!!!!!
THESE PEOPLE ARE TAKING AWAY PRECIOUS RESOURCES AND REDUCE THE CHANCES OF PEOPLE WHO ARE REALLY POOR AND DESTITUTE WHO REALLY NEED THE RENTAL FLATS ...
Anonymous 5 wrote:
Good advice. Point taken.
May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
When to Buy, When Not to by
Property Price Index Graph Plotter & Online Property Valuation
Your Property Investment Determines Your Financial Success in Your Life
HDB Resales: West Sees Highest Price Increase
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Dear visitors:
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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 :)