Post to Facebook on 7/2/2017 at 10:34 PM
Commenting on "Only a matter of time before oversupply causes property prices to-fall"
https://www.domain.com.au/news/only-a-matter-of-time-before-oversupply-causes-property-prices-to-fall-economist-says-20170206-gu6x2c/
What I have been saying about apartments is now affirmed by some economic experts.
As a pessimistic optimist, I know most things will come out good and bright in the end. However, it is important to look at all possible bad case scenarios first, analyse them and make attempts to solve or resolve the problems. If the problems are solved or overcome, don't you think the end is better than you envisage?
Why is there an oversupply of apartments?
Who are the buyers?
Are there regulations imposed on the buyers?
What is the impact on the apartment sale price?
Where are second-hand apartments sold below purchase prices?
I have been dissuading people to buy apartments; to be precise I should say conditionally. The reason is simple - when there is money to be made, especially for a long haul, it is a good investment, otherwise don't touch it with a six-foot pole.
Commenting on "Only a matter of time before oversupply causes property prices to-fall"
https://www.domain.com.au/news/only-a-matter-of-time-before-oversupply-causes-property-prices-to-fall-economist-says-20170206-gu6x2c/
What I have been saying about apartments is now affirmed by some economic experts.
As a pessimistic optimist, I know most things will come out good and bright in the end. However, it is important to look at all possible bad case scenarios first, analyse them and make attempts to solve or resolve the problems. If the problems are solved or overcome, don't you think the end is better than you envisage?
Why is there an oversupply of apartments?
Who are the buyers?
Are there regulations imposed on the buyers?
What is the impact on the apartment sale price?
Where are second-hand apartments sold below purchase prices?
I have been dissuading people to buy apartments; to be precise I should say conditionally. The reason is simple - when there is money to be made, especially for a long haul, it is a good investment, otherwise don't touch it with a six-foot pole.
