Buy Property Cannot Go Wrong?
Clients called and emailed to thank me, they said I'm the first person who appeared on TV News to warn about the dangers of over-paying for property.
Just another day I saw on TV what some people said when being interviewed on TV on why they are rushing in to buy properties. One lady said:"you cannot go wrong with property investments......" when I heard that I was so worried for her because her words show that she knows nothing about property investment.
Singapore Property Market Booms Despite Recession...
I am baffled by people willing to pay S$1,150 psf for a 99 year leasehold condo in Ang Mo Kio when there are condos in Bishan selling for S$800 to S$900 psf.
I also cannot understand why people need to queue and when demand was so high, they had to "ballot" to buy a condo at Optima at Tanah Merah at S$800 psf to be completed in 3 years' time.......why bother to do that when you can easily buy a NEWLY Completed (with immediate Rental Income) condo at Casa Merah (next to it) for S$700 to S$750 psf.
Guess some of these buyers do NOT do their homework at all.
I'm shocked at people willing to fork out hundreds of thousands of dollars to invet into stocks and property without first acquiring the Knowledge to invest in stocks and Property.
U.S. Economy may be levelling out...
WASHINGTON (Reuters) - The Federal Reserve said on Wednesday the U.S. economy was showing signs of leveling out two years after the onset of the deepest financial crisis in decades and it moved to phase out one emergency measure.
The U.S. central bank also kept its benchmark short-term interest rate steady near zero and said it would likely stay there for an extended period to guide the way to recovery.
The Fed made its clearest statement to date that it sees the recession nearing an end and that shattered financial markets are healing.
"Information since the Federal Open Market Committee met in June suggests economic activity is leveling out," the Fed said, referring to its policy-setting panel. "Conditions in financial markets have improved in recent weeks."
It is the first time since August 2008 that the committee's statement has not characterized the economy as contracting, weakening, or slowing.