Saturday, June 29, 2013

Property loans curbs

I don't know from how many months back people are over paying for properties. I am putting property valuation aside. There is only one question that needs to be answered now. Is property a sure bet? You bet judging by how crazy people are over them. Nothing in financial assets is a sure bet. Once you believe an asset to be then it is on the way to excessive over valuation. Trying to get around MAS curbs in my view was most unwise and now they have observed, identified and clamped down further.

Meanwhile the Fed is trying to guide the US economy back to normal, i.e., interest rates have bottomed even if you don't want to suggest that it is going up. It is.

Many smart asses are going to get hurt.
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1 comment:

  1. AnonymousJuly 3, 2013 at 10:35 AM

    8th round of property cooling and yet the prices are still climbing. Just take a look at HDB's resale price index to get the full picture. Our ST reporter Rachel Chang must be writing bullshit all along. The inept and hypocritic housing minister must be sleeping on the job or just doing wayang kulit. Please do not vote PAP if you want your children to be able to afford a place of their own.

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