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, what caused you to change your mind? If I remember correctly, you were very sure there was a huge market crash coming and you were telling everyone to wait until the fire sales to buy properties on the cheap. Did you read something that changed your mind? Very happy with this news.