Alice in Wonderland property owners

[downgrader]

Many property investors continue to live like Alice in Wonderland, asking for high prices when it is clear that the market is headed for a major slump

In a way, things will take care of themselves. Those who are quick to cut losses, accept a small loss and move on will be those that survive

Thise who are greedy and with six months to TOP on a DPS still try to flip at a profit after buying late 2006 or early last year are out of their mind. When TOP comes, they will be out of pocket In some cases they are staring at bankruptcy

There will be lots of pain to come for those who cannot discipline themselves

Would you sell at a confirmed 10% loss now or very high chance of 30% or more later?

Even Capitaland's Liew Mun Leong, the head of the largest developer in SE Asia said market has not bottomed. Unlike the idiot Redas chief, this man knows what he is talking about

 

[jw5]

Many property investors continue to live like Alice in Wonderland, asking for high prices when it is clear that the market is headed for a major slump

In a way, things will take care of themselves. Those who are quick to cut losses, accept a small loss and move on will be those that survive

Thise who are greedy and with six months to TOP on a DPS still try to flip at a profit after buying late 2006 or early last year are out of their mind. When TOP comes, they will be out of pocket In some cases they are staring at bankruptcy

There will be lots of pain to come for those who cannot discipline themselves

Would you sell at a confirmed 10% loss now or very high chance of 30% or more later?

Even Capitaland's Liew Mun Leong, the head of the largest developer in SE Asia said market has not bottomed. Unlike the idiot Redas chief, this man knows what he is talking about

Are you looking to buy a property?

 

[lolabunny]

Are you looking to buy a property?

Where's property watcher? He used to write cool stuff. Hope he's ok.

 

[makapaaa]

Ask your kakis in the banks and they would tell u that banks are tightening credit in an unprecedented manner.

 

[makapaaa]

Where's property watcher? He used to write cool stuff. Hope he's ok.

The last he wrote was that he wanted to kill himself cos his wife and son left him...

 

[lolabunny]

The last he wrote was that he wanted to kill himself cos his wife and son left him...

Ya i know. Worrying huh? Eerror88 said he had drinks with him and he's better now. Hopefully. His story sounded so sad but it's his fault for having an affair when his wife is nice and sweet to him.