Monday, August 23, 2010

Housing prices

According to this article, housing prices in the future will at best keep up with inflation and will not produce the spectacular return in the past. In the near time, it has to correct downwards, i.e. fall by 20% in the USA. I agree with this analysis and believe that this will also apply to Singapore.
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6 comments:

Max NG said...

Well, I think so too. The real question is - when and to what extent? If anyone can tell me that - then this person is a real genius!

August 23, 2010 11:13 PM
C H Yak said...

I agree too.

Read my blog posting :-

The Property Bubble & Investment Trap

http://de-leviathan.blogspot.com/2010/08/property-bubble-investment-trap.html

The Property Bubble & Investment Trap Part II

http://de-leviathan.blogspot.com/2010/08/property-bubble-investment-trap-part-ii.html

August 24, 2010 12:15 AM
Garrett said...

Housing markets historically speaking in all countries that were studied by economists (i.e. Europe and US) have always kept in pace with inflation and at best provide +1% real returns. It's amazing how Singaporeans treat housing like an "investment" when in reality it is a consumption item.

August 24, 2010 5:32 AM
Walau said...

just dont know how my kids can afford anything. have told them i am prepare to expand the house we live in to accomodate their families when they get married instead of a 30 years burden.

August 24, 2010 11:50 AM
Landon Leo said...

I agree too. There are way too many signs of a bubble.

August 24, 2010 1:11 PM
sureesh40 said...

I think the article refers to the housing market in the USA where the bubble has burst. The housing situation in s'pore is diffirent. The gover has in place policies that would create a property investment market climate, such as allowing high net work non citizens from India , China etc to invest in S'pore property

August 26, 2010 12:33 PM

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