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good99 LV
发表于 7-1-2011 10:05:25
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csy2006 发表于 7-1-2011 00:37 
回复 good99 的帖子
so right investment is stronger than hard working, wait for next cycle. the Pric ...
the house is not an investment but a need. It becomes an investment only because you could NOT afford it however you could borrow the money from the bank. The quantum has been magnified 5-10 times. So if it gain just 5% you would see the difference.
BTW, the time in 2005 or post SARS was the rare opportunity to the market. And I think the situation was much different to now.
My 4-room HDB flat was about 280k at that moment, while the condo next to my flat, Parc Vista (Lakeside MRT) was about 420k (3-bedroom, and it was 15 years newer than HDB). I didn't buy it because of many reasons.
I knew someone, bought the 2-bedroom the same condo, while keeping his HDB. Later, bought a bungalow at 1m, in 2004-2005. The market was going down still, so he was worried and sold condo with probably negative profit. If he had kept all of them, I think he would gain about 1m by now but no one could foresee that.
In 2005, if I were to buy it, I might sale my HDB flat as I thought I could not afford it, it was expensive to me.
But, now, situation changed. I am able to buy much more expensive one while still keeping the HDB. So, many should have become much richer than in 2005, similars cases to the countries, like Singapore, Indonesia (no need to mention China, India).
As a result, that time may not come back any more. It was a special case, Asia financial crisis, IT bubble burst, SARS in a row, and people were not rich.
Market goes up and down. The risk would be if you are not fundamentally strong enough but borrow too much in the wrong time.
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