Property Market is red-hot

[mahjongking]

as long as the central banks especially the fucking Fed keeps printing money to export their inflation fiat money will be worth less and less

 

[k1976]

good point, i mentioned something similar to a friend who is into property. I told him that rental yield cannot cover interests in most situations.

Worse if you max-loan or includes maintenance fees and property taxes.

Then he told me that anyone who bought a private property 5-10 years ago for $1 million or $1.5million would have enjoyed monthly capital gain of $3000 to $5000 or more (respectively), by now. Don't even need to include any rental income.

So it is very scary.

Most tell moi they will hold out to next 10yrs and Huat big big de woh

 

[birdie69]

as long as the central banks especially the fucking Fed keeps printing money to export their inflation fiat money will be worth less and less

Our cooling measures not cool at all to cool down the property and HDB resale price