What Mr Warren Buffett has to say about Singaporeans rushing to buy property.

[sgbuyer]

http://www.businessinsider.com/warre...on-gold-2013-3

Here's Buffett's full segment on gold (or Singapore property).

What motivates most gold (Singapore property) purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As “bandwagon” investors join any party, they create their own truth – for a while.

Over the past 15 years, both Internet stocks and houses have demonstrated the extraordinary excesses that can be created by combining an initially sensible thesis with well-publicized rising prices. In these bubbles, an army of originally skeptical investors succumbed to the “proof” delivered by the market, and the pool of buyers – for a time – expanded sufficiently to keep the bandwagon rolling. But bubbles blown large enough inevitably pop. And then the old proverb is confirmed once again: “What the wise man does in the beginning, the fool does in the end.”
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[phantom_opera]

http://www.businessinsider.com/warre...on-gold-2013-3

you are misquoting him, he is talking about gold, not Singapore property

[sgbuyer]

you are misquoting him, he is talking about gold, not Singapore property

He talks about internet stocks and houses also.

[kane]

Gold and properties share one common trait, they are hard assets. The slight difference is one offers yield to defray the cost of carry, whilst for gold, you have to pay for safekeeping and there's no yield whatsoever.

[teddybear]

Very funny, why you didn't quote him telling people to buy real physical asset like property? This is true! He told people to buy real physical PROPERTY and not GOLD!

This just shows what people can do to just twist facts without knowing (or purposely ignored the fact?!) that Warren Buffet actually told people to buy real physical property!

He talks about internet stocks and houses also.

What Mr Warren Buffett has to say about Singaporeans rushing to buy property.

Here's Buffett's full segment on gold (or Singapore property).

What motivates most gold (Singapore property) purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As “bandwagon” investors join any party, they create their own truth – for a while.

Over the past 15 years, both Internet stocks and houses have demonstrated the extraordinary excesses that can be created by combining an initially sensible thesis with well-publicized rising prices. In these bubbles, an army of originally skeptical investors succumbed to the “proof” delivered by the market, and the pool of buyers – for a time – expanded sufficiently to keep the bandwagon rolling. But bubbles blown large enough inevitably pop. And then the old proverb is confirmed once again: “What the wise man does in the beginning, the fool does in the end.”

[Kelonguni]

Very funny, why you didn't quote him telling people to buy real physical asset like property? This is true! He told people to buy real physical PROPERTY and not GOLD!

This just shows what people can do to just twist facts without knowing (or purposely ignored the fact?!) that Warren Buffet actually told people to buy real physical property!

Sorry bro to blow the other way, he also said to invest in distressed property.

http://www.businessinsider.com/warre...es-2012-3?op=1

In any case, nobody seems distressed about SG property, nobody is a super bull as well (some fears in the market) at the moment so I guess it's neither a buy or no buy.

If it were Buffett, he would examine the so-called competitive advantage of the move. What do you think he might say?

[sgbuyer]

Sorry bro to blow the other way, he also said to invest in distressed property.

http://www.businessinsider.com/warre...es-2012-3?op=1

In any case, nobody seems distressed about SG property, nobody is a super bull as well (some fears in the market) at the moment so I guess it's neither a buy or no buy.

If it were Buffett, he would examine the so-called competitive advantage of the move. What do you think he might say?

US property now in bull run, if you bought last year, you'd earn quite a lot.

http://www.theblaze.com/stories/2013...-in-6-5-years/

WASHINGTON (TheBlaze/AP) — U.S. home prices jumped by the most in 6 1/2 years in December, according to a report Tuesday from CoreLogic, a real estate data provider.

Home prices rose 8.3 percent in December compared with a year earlier, according to the report. That is the biggest annual gain since May 2006. Prices rose last year in 46 of 50 states.

Home prices also increased 0.4 percent in December from the previous month.

An increase in home prices is encouraging some people to sell and enticing would-be buyers to purchase so as to beat an increase in price.

[Kelonguni]

US property now in bull run, if you bought last year, you'd earn quite a lot.

http://www.theblaze.com/stories/2013...-in-6-5-years/

Hard to invest in a place you have to fly for many hours to reach.

[buttercarp]

you are misquoting him, he is talking about gold, not Singapore property

Yalor, when I saw this thread, I thought how come Warren Buffet would comment on Singapore property as it is likely that it has got nothing to do with him.

[star]

This sgbuyer is a bear lah. If u read all his threads in channelnewsasia forum all are about property crash and opposition party supporter. If mr b is first he must be second. Don't believe u can go channelnewsasia forum and search for sgbuyer threads. Channelnewsasia forum got alot of losers.

[DKSG]

This sgbuyer is a bear lah. If u read all his threads in channelnewsasia forum all are about property crash and opposition party supporter. If mr b is first he must be second. Don't believe u can go channelnewsasia forum and search for sgbuyer threads. Channelnewsasia forum got alot of losers.

Sad ... like I said Nth times ...

Just go Bartley Ridge showflat and check it out... the buyers there paying real money are not phantom.

Then walk a few steps out and notice to sign "100% SOLD OUT!" outside Bartley Residences.

Then you will have a feel how healthy the market is.

Our good government knows that the age of Great Inflation is coming. USD, Yen, RMB are all crashing onto our shores. Gahmen give ppl who are still at the Jetty a chance to buy by locking out as many investors as possible with the CMs.

So for those who heed their plan, they will be ahead. For those who insist on sitting on the Jetty, there is a limit how many boats you can miss.

DKSG

[Allthepies]

It is very difficult to make the first million generally. In property, the statement will be like it very difficult to board the boat for MTB.

[kane]

And at sennett, plenty of sold stickers and the crowd is still coming. Step out and you see nin residences fully sold... singaporeans more gao gao.

[phantom_opera]

And at sennett, plenty of sold stickers and the crowd is still coming. Step out and you see nin residences fully sold... singaporeans more gao gao.

frankly I think no one expect March sales to be so good, even developers must be taken by surprise

is this that Credit Wage Scheme or Personal Tax Rebate or Fat increment that make SCs feel rich??

or it is the DJIA breaking all time high ?? I remember someone like Alan Greenspan is saying stock market going up is enough to generate GDP growth

[amk]

And at sennett, plenty of sold stickers and the crowd is still coming. Step out and you see nin residences fully sold... singaporeans more gao gao.

words of wisdom:

"The market can stay irrational longer than you can stay solvent"

or the most practical one, from Mr Kwek of CDL:

"The higher the pty price, the more people will buy".

The sentiment today is totally skewed by the guesstimate of "what's the next CM coming ?"

[phantom_opera]

There is another possibility, many SC first timers (or those who sold even their roof previously) perceive that they have unfair (7-10% ADBD) advantages over the rest??

It could be first timers SPRs also buying because VERY afraid that the next CM will be 10% tax for SPRs

[kane]

The typical profile of the shopper are those in their late 40s to early 50s. All the younger ones kenna wiped out in the earlier CM.

[phantom_opera]

The typical profile of the shopper are those in their late 40s to early 50s. All the younger ones kenna wiped out in the earlier CM.

or they bring the young ones

actually if price stays flat but volume is high, why need another CM??

[eng81157]

or they bring the young ones

actually if price stays flat but volume is high, why need another CM??

cos KenoBiWan is afraid of the next luke skywalker rising up to challenge his previous measures??

[phantom_opera]

cos KenoBiWan is afraid of the next luke skywalker rising up to challenge his previous measures??

As long as FEO does not sell another "awesomely higher psf" and bring up all resale prices in a certain area ...

FEO is almost always the culprit that leads to CMs ....

[eng81157]

As long as FEO does not sell another "awesomely higher psf" and bring up all resale prices in a certain area ...

FEO is almost always the culprit that leads to CMs ....

as long as URA doesn't sell the land at ever escalating prices, then we can be sure of stability.

[sgbuyer]

As long as FEO does not sell another "awesomely higher psf" and bring up all resale prices in a certain area ...

FEO is almost always the culprit that leads to CMs ....

Everyone tries to sell at the highest price possible. You can't blame FEO for it.

Of course, eventually, if the bubble bursts, the govt will be responsible for allowing the low interest rate to create such a big bubble.

[indomie]

Everyone tries to sell at the highest price possible. You can't blame FEO for it.

Of course, eventually, if the bubble bursts, the govt will be responsible for allowing the low interest rate to create such a big bubble.

The bubble will bursts when people prefer to keep cash more than keeping properties. At this moment keeping cash is depreciating in value. When do u think cash will regain its value?

[sgbuyer]

The bubble will bursts when people prefer to keep cash more than keeping properties. At this moment keeping cash is depreciating in value. When do u think cash will regain its value?

Cash also got many types. Are you referring to Dong, Rupiah, SG for USD.

If Dong or Rupiah, forget it.

Then there's also assets tied to cash. For example, US stocks, tied to USD or Singapore properties tied to SGD.

At this moment, USD linked assets appear to be doing better than SGD assets, at least for the next one year.

[indomie]

Cash also got many types. Are you referring to Dong, Rupiah, SG for USD.

If Dong or Rupiah, forget it.

Then there's also assets tied to cash. For example, US stocks, tied to USD or Singapore properties tied to SGD.

At this moment, USD linked assets appear to be doing better than SGD assets, at least for the next one year.

Why do u think that USD linked assets appear to be doing better? Is it because of the Fed money printing effect? Or u think that there is a real economic growth happening in the US?

[eng81157]

Why do u think that USD linked assets appear to be doing better? Is it because of the Fed money printing effect? Or u think that there is a real economic growth happening in the US?

it is because USD is the de-facto global currency. even mobs and drug lords, in movies, are dealing in USD

[sgbuyer]

Why do u think that USD linked assets appear to be doing better? Is it because of the Fed money printing effect? Or u think that there is a real economic growth happening in the US?

You use iPhone? You use Google or Gmail or Yahoo?

[sgbuyer]

it is because USD is the de-facto global currency. even mobs and drug lords, in movies, are dealing in USD

Of cos, the US is the biggest mob and nuclear armed as well. Not just wayang exercises but really send soldiers to fight real war against real army.

Talk is easy, but when it comes to real fight, i won't bet against them.

[indomie]

You use iPhone? You use Google or Gmail or Yahoo?

I know what I think, but I am interested to know what u think.

[teddybear]

Asking people to buy "distressed property" is still asking people to buy property right? Furthermore, the report said "Warren Buffett suggested that the top investment right now is in housing—specifically, buying distressed houses". Dissecting the English, it also means not distressed properties also can be good investment although distressed houses is even better...
So, this shows that what sgbuyer posted in his post is false!

Sorry bro to blow the other way, he also said to invest in distressed property.

http://www.businessinsider.com/warre...es-2012-3?op=1

In any case, nobody seems distressed about SG property, nobody is a super bull as well (some fears in the market) at the moment so I guess it's neither a buy or no buy.

If it were Buffett, he would examine the so-called competitive advantage of the move. What do you think he might say?

What Mr Warren Buffett has to say about Singaporeans rushing to buy property.
http://www.businessinsider.com/warre...on-gold-2013-3

Quote:
Here's Buffett's full segment on gold (or Singapore property).

What motivates most gold (Singapore property) purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As “bandwagon” investors join any party, they create their own truth – for a while.

Over the past 15 years, both Internet stocks and houses have demonstrated the extraordinary excesses that can be created by combining an initially sensible thesis with well-publicized rising prices. In these bubbles, an army of originally skeptical investors succumbed to the “proof” delivered by the market, and the pool of buyers – for a time – expanded sufficiently to keep the bandwagon rolling. But bubbles blown large enough inevitably pop. And then the old proverb is confirmed once again: “What the wise man does in the beginning, the fool does in the end.”

How To Take Advantage Of Warren Buffett's #1 Investment Idea

Earlier this week, Warren Buffett suggested that the top investment right now is in housing—specifically, buying distressed houses with cheap leverage and renting them out. We wanted to talk to someone in the know about just how good an idea this really is.
So we spoke with Lester Argus—President of the Argus Real Estate Development Company based in Southern New Jersey—and he told us that simply rushing into making a distressed home investment would be a really bad idea.
"Just because you can buy it doesn't mean you should buy it," Argus points out. "The big problem with Warren Buffett's advice is that a lot of people who did this the last time and got into trouble. They took out home equity loans and ran that all the way up, got a mortgage on the new property for a higher [interest] financing, and then they ran into a glitch and got themselves knee-deep in a bear trap."
That said, he thinks it's a wonderful time to invest in distressed homes—if you do so intelligently.
"Rents are starting to [rise] again where they didn't before," he told Business Insider. "You also have the added advantage that a lot of people can't purchase right now, a lot of people have had issues with their credit because of the economic crisis, so a lot of people aren't buying they're becoming renters, which is making the landlord business fairly strong right now."
And circumstantial experiences—as well as his belief that we've just passed a housing bottom (at least in his own locale)—lead Argus to believe that would-be investors will face some competition in getting the best deals. "I probably say [give advice] twice a week to different investor purchasers that come into my office, and a lot of first-time homebuyers are trying to come into the market right now, too."