Wednesday, 17 October 2012

Bubble

The classic tale has it that when everyone believes that the property prices will always continue to go up, they will inevitably go down.

I believe in that, the fact that the housing prices in this country are no longer sustainable and affordable to Malaysians. Speculation in the property market is simply rampant, people buy and sell houses, just to make quick gain.

It's so funny, one condominium next to my house fetches rent that is only RM 100 more than where I'm living now. Whereby in fact, the selling price for the house is double my place. Why kind of crazy anomaly is this?

This bubble will one day burst, I believe in that.

2 comments:

  1. When it bursts, will it be good for poor people like me?

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    Replies
    1. It will be good for all of us, except for those who buy them at a high price, and speculators. :)

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