hi 4sg.
as u said, this is for the rich and wealthy. i dont think we can
say much about it. for those who aspire to upgrade into condos all
i can say, do yr own maths lor. if u kena caught for another
downswing, or kena retrenched, or banks demanded to pay the balance
amount due to falling of property prices, then be prepare to pay or
bankrupt lor.
i am heartlanders and would be happy if there is a rooftop above
my head.
if u kena caught for another downswing, or kena retrenched, or
banks demanded to pay the balance amount due to falling of property
prices, then be prepare to pay or bankrupt lor.
You said it right, bro. This was what happening in the US's
real estate.
The whole issue of sub-prime lending crisis (lending to people wtih
no credit worthiness) has dragged the ordinary US working folks,
along with the rogues speculators, to their knees with
foreclosure, backruptcy and despair.
Somehow, many sheltered Singapore, good or bad times, can only
see growth, growth, money, money and not the wisdom of your
statement.