Originally Posted by
knn s'poreans
When property market up, peoples worry about buble, they swear that they will hold on to their money and buy when collapse. When collpase does happen, they are more than happy to hold on to their money and wish that the price will drop further. When price does drop further, they give up hope on property market. and curse the governement for not doing a good job. When property do recover sligthly, they are very suspicious, hoping this is just a blips. when property price increase accelerate, they hope that the bubble will burst, citing all kinds of far fetch reasons : China stock market, US sub prime market, Iran war, Kelantan oil pipeline, hot money etc. etc. just hope that the market can correct and they can enter the market to pick up cheap deal (they have been advocating Money is king during down cycle)............., when correction do come, they retract, hope that price will drop further................. and the cycle repeat itself.