Housing prices are ridiculous, yet Singaporeans are still
queuing up to buy. Why?
I can understand those who need a new place and have no choice,
for reasons like getting married, but why the rest are willing to
pay no matter how high the prices get beats me. Is
it bacause they think that prices will go up further (meaning
they will not lose money when they sell)? What goes up must
come down, some people will get their hands burnt one day.
For the people that wanna play properties to make a quick buck,
beware....a downtrend is in place....possibly a huge one....
