Precisely! Only agents masquerading as rich men here keep on saying such things.Originally Posted by toaler
Precisely! Only agents masquerading as rich men here keep on saying such things.Originally Posted by toaler
Any update on the psf and the units sold to-date? Are there still unlaunched stacks?Originally Posted by Interested buyer
property prices rise and fall. even if it falls this year end, it will rise again in the future. if you have gone through the last cycle, you will know. what is important is the holding power.Originally Posted by toaler
besides, nobody knows which is the lowest price or the highest price
buying property is not always about financial gain. Why cant people buy 2 properties and keep them till they die? Property holds sentimental value unlike stocks so ur remark is smehow flawed. In any case rental income is like dividend yield in stocks if u want to put it that way so there will never be negative dividend yield. If owner enjoys the property it is worth many times mre that any dividend yield.Originally Posted by Seeing is believing
If know then can be very rich.Originally Posted by 000
That kind of reasoning will NEVER get you rich.... The following argument is valid: If you sell your investment ,even with a net loss, the expected utility of that negative cash flow can still be higher than keeping your investment and betting on a higher cash flow in a couple of years. Now in the case of the real estate market there is an additional complication that is liquidity.Originally Posted by 000
When you make an investment in an securitized asset like a stock you always have market makers that always quote prices for your asset. In real estate which is not an securitized asset with market makers you can easily run into the situation when there is no quotes for your asset. Thats when the dried liquidity really going to hit you and we experience a 'free fall' in prices. This phenomena can of course occur in an market with market makers but is kind of rare, such as in the case with Soc Gen and the rouge trader where Soc Gen had to liquidate his position under one trading day. The Bill for Soc Gen was in Billions of $.
The Bill for the property speculators in Singapore is still an open question; the bill for the property speculators in the US can be measured in billions of $
Good Luck You Gonna Need It.
You are allowed to buy a property for any reason you want, However when you discuss such topics as the outlook for the real estate market in Singapore anecdotal evidence and reasoning would not get you far. Your reasoning is more valid for such investments as art and similar, however even the market for high end artwork is characterized by softening in a downturn in the economy.Originally Posted by market watcher
Which always going to be a function of how leveraged you areOriginally Posted by 000
A fool and his money are soon parted
So are u saying that stocks is safer than property? I have never lost money in property but have lost tens of thousands in stocks when prices unexpectedly plunge due to high volatility and poor advises from brokers. Even strong counters would leave seasoned investors in deep shit in these uncertain times. In stocks, there are also market corrections, rights issue, dilution of share price thru new share issues, consolidation of shares, sensitivity to oil price movement, US action etc etc etc and once the price is down, you can never sell it for a higher price at your own whim. In property when market is down, if the transacted prices of property in your area has not fallen, there is nothing to stop you from selling your property at any price you want. Will prices of private property free fall to be on par with HDB prices? I doubt so. In property markets, there is always a cushioning effect, but that does not apply to stocks. I can buy a stock for $2 and find its value drop to less than $1 in a period of a few months so what has securitisation done? In stocks, there is plenty of cash flow but there are also a thousand and one ways for ur cash to flow away from ur pockets like water into the drain.....
Originally Posted by Seeing is believing
But fortune favours fools and not smart alecs like you...
Originally Posted by Unregistered123
You totally missing the point... Stock and Property are two different asset classes who are characterized by two different risk structures. Stocks are associated with market fluctuations that is usually referred to as volatility. Now the main reason that we don't observe the same kind of market fluctuations in property is due to the fact the these assets are not trading on a liquid exchange, property is an asset class that always is traded OTC. Thus the main risk content is embedded as liquidity risk... That is when you want to convert your asset to cash to secure you ROI you may be stuck with your asset and watch the price fall through the floor... This is whats happening in the US right now. Which is hitting the US mortgage lenders so hard since their collateral is more or less worthless and of course leveraged property investors who face personal bankruptcy, that is of course only the case if you can't take the financial hit and avoid defaulting your mortgageOriginally Posted by Unregistered888
That is definitely not a saying from wise menOriginally Posted by Unregistered999
they are already rich, don't need to get them to be rich.Originally Posted by Seeing is believing
With bad mental models and habits, they will go poor soonOriginally Posted by 007
didn't you hear that the rich gets richer?Originally Posted by Meowsic
how many units have been sold????
I guess must be jilo - else sure the dakota agents will make noise hereOriginally Posted by ????
no need to tok so much. Buy wth holdng power so no worries. Of course get a gd locatn. Beacn heights is anytime a stronger buy than dakota. Put the 2 projects side by side n cmpare every aspect n u will seeOriginally Posted by Seeing is believing
maybe to put it clearer to u, fortune would rather favour a fool than dumbasses like u.Originally Posted by Unregistered123
I like you! Please buy DakotaOriginally Posted by Unregistered8
about 100 units unsold
Only a matter of time...I believe the place is a good deal...Originally Posted by Passerby111
Dakota is pure crapOriginally Posted by Dakotalover
Just came from MOM website. All the HDB blocks along Dakota Crescent will be converted to foreign workers dormitories. Go check it out at MOM. Dakota residences will be both close to China mei meis and foreign construction workers. Really huat ah!
Originally Posted by Dakotalover
show the url link.....Originally Posted by Dakota huat!
you're daydreamining???
why would the govt have foreign dormintories sited near the city and sport hubs and IR?
SIAO!
It is here dated 1 Aug 2008. Please do NOT call people stupid before checking your facts. It is really not civil at all.
http://www.mom.gov.sg/publish/etc/me...%20Quarter.pdf
#12 is Dakota Crescent.
Originally Posted by Passerby111
I am so happy to have good company soon!
Originally Posted by Unregistered1
This is not new. The govt is renting the SIT flat to lower income family + foreign workers until they are demolished. When DR is ready in 3 years, they will be demolished.