Originally Posted by
Dark Knight
It is not just about timing (everyone knows timing important). It is about having the guts to buy at the point of the perceived crash occurs.
And how does one know when is the bottom of the bottom? All the self professed experts will say, wait a while more.....worse is yet to come. Also to overcome the tremendous psychological barrier of losing jobs and economy collapsing anytime. How many people able and willing to put down 20% deposit at that juncture?
Went through the global financial crisis and heard a lot of such bull shit comments from people around me and also on this forum...but no action. Then come 2 years later said "Aiya, missed the boat liao".
Next, prospective buyers, please ensure you have enough holding power. At least 1 year of liquidity as backup. Means even if no jobs one still can tahan for 1 year paying all the relevant expenses.