thanks ...
Seriously, there are 2 schools of thought as far as property prices are concerned
One school will always think that property prices are too high and will wait for correction to commit. Even when the correction comes, they will still be half hearted about committing.
The other school of thought
basically 'just do it'. i need a roof over my head, i do my maths, this is what i can afford - so what if i have to stay in some ulu place. If the market goes up, i am 'hedged' (and over time as my flat appreciates and my income level goes up, i upgrade). If market comes down, then my consolation is 'i dont have to pay rent and still dont have to pay rent'.
Historically, ever since independence, market has been moving up, just look at how HDB prices have moved in the last 2 -3 years. Will market return to 1990 pricing, i doubt so with the projected growth of the population.
For lack of a better word, the alliance of non property owners have been 'squeezing balls' and i suspect will continue to do so, despite all their rantings and ravings. Government is not going to change policy and antagonize x % of the population who own property for a minority y %. If anything,
government may look at modifying the present system to contain the rapidly escalating prices, but they will not risk depressing the market that will affect the majority of Singaporeans.
Historically, people who have committed to property have enjoyed the appreciation of their investments. Not all have rich parents who can support them, yet they manage through sheer determination, buying within their budget and location, watching their expenditure and foregoing frills.
Couples complain about the high price of property, but yet they commit to spending tens of thousands of dollars on their wedding day, honeymoon or paying for that designer renovation and the expensive furniture and fittings. To me, its like, ya .. the flat is expensive to buy because i have to spend on A, B C above and because of ABC now i cannot afford a flat, so i complain.