Quote:
Originally Posted by georgihh
Supply – reasonable just to cover the demand
Demand – enormous
Market Crash – not possible because
1. A lots of old residential areas are being demolish
2. Financing of the properties is still not at the reasonable rates (currently 8-9% should be 5%)
3. Too much money around town
Prices will go up by another 50%, before stabilize and whoever wants to make 50% in one or two years should buy now, never mind all the speculators who double the money in just a month
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georgihh
I agree , but those people who are speculating and making millions in months will again call it ' market crash ' becos of their profit being squeezed.
bye