Many people and even highly trained investment anal-lists are clueless about how to identify a property bubble. They tell you, property price crash arh...economy no good arh.. crash crash crash arh is a bubble.
BUT...do they really know how to identify the first sign of a property bubble?
The property bubble occurs first when there are suddenly no takers for any asking price. After several rounds of reducing of prices, there are still no takers. Not because that the prices are not attractive, but simply because the demand had already totally left the market.
This happens very fast, so fast that sometimes, there are still dreamers left pondering in the market asking for sky high prices. In fact, there will still be some dreaming buyers too.
Eventually, after about 12 months, the realisation will set in and that is where the real bubble will be evident to all. ALL the time, it will be too late liao.
Good Luck.
Disclaimers: Not talking about bubble in any specific market or anywhere but just an explanation of the occurrance of a pricing bubble in its emergence. Just My Humble Opinions Only, not an advice for any investment moves.
神龙股侠。