Originally Posted by
wannabe
Think interest rate going to 5% will be a long long time.
Nowadays Negative interest rates more in vogue.
There are even talks about aussie interest rates going negative.
I think US interest rate go up by another 1% will be enough to see a lot more mortgage sales.
Not really. Most have interest rates fixed in some form to 3-4 years down the road.
Also, many have TDSR set at 3.5% after 2013.
Also, income is still rising for the group that constitute owners.
Unless you have a relative willing to sell low to you, or you happen to be so lucky to bump into a fire sales seller without competing buyers, what you imagine is unlikely to happen soon, especially not in Singapore. Long before that happens, Govt would have done something to the game. Just look at car Coe prices, the lowest it went to was 38k. This was perhaps 20 times higher than the few thousand dollars it used to cost in 2009.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.