7/09/2007
When LKY talks about caution
Yes LKY cautioned that if we let our rental run wild and beat Hongkong to it, we will lose our competitiveness. We will gain the coveted title of the most expensive Asian city and make many property owners very happy. But that will be the last euphoria.
Who is LKY addressing this remark? Food for thought.
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7 comments:
We have been warned! Let not those who eventually get burned point fingers at someone else.
wisdom comes with age and not academic grades.
even when something happened just 10 miserable years ago, the money crazy mind will choose to forget and to join in the exuberance. why not when you have 5 or 10 properties waiting to let go at a handsome profit. anyone in that situation will also want to start shouting and cheering for prices to go higher.
thanks to the media for their assistance.
even when something happened just 10 miserable years ago, the money crazy mind will choose to forget and to join in the exuberance. why not when you have 5 or 10 properties waiting to let go at a handsome profit. anyone in that situation will also want to start shouting and cheering for prices to go higher.
It is true redbean, a person can speculate a 2 million TOP luxury apartment with less than $250,000, can make > $500,000 within a year helped by the developers' benchmarking that is deliberately MARHED UP at up each new launch with a lot of HYPE, all part of the game. Pays better than a day job, besides getting alot of attention and wow. Alot of young newbies are venturing into this lucrative flipping business.
now i am confusing by your yaking. who is who?
EVERYBODY is happy with the growing returns from their property investments... if you own investment properties like them would you want the opportunities to stop?? All those guys with vested interests such as property investors, developers, flippers, property agents, marketing and advertising companies, banks etc .....are enjoying this run better than sex.
vested interest and conflict of interests will always be there. and when these exist, the thinking becomes murky, the heads get grogy, and saliva drips uncontrollably, and insanity creeps in.
sounds more like an animal to me
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