Prices still not going down despite worldwide depression

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Prices still not going down despite worldwide depression

Postby WeiHan » Thu Dec 25, 2014 3:37 pm

I have been talking about an important turn point globally. Even though the official date is 2015 October, we are already witnessing the dominoes starting to fall one on another...The recent crash in oil price is one of them, Japan is already in recession, Europe in a mess...After the above date, we are likely to see sovereign debt crisis.

Yet, prices have not yet come down. Business owners complaint about high rental and it is true that some commercial rental is still increasing price....data shows there is a supply excess in almost everything (oil included and that is why there is a crash in price). maybe, we need to be patient, price should come down significantly....what can we expect in a global depression?

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Re: Prices still not going down despite worldwide depression

Postby janet88 » Thu Dec 25, 2014 5:53 pm

Prices of food are still expensive.

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Re: Prices still not going down despite worldwide depression

Postby starlight1968sg » Thu Dec 25, 2014 5:57 pm

Thought I read that public transport companies are requesting for a fare revision again ???

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Re: Prices still not going down despite worldwide depression

Postby janet88 » Thu Dec 25, 2014 6:06 pm

Deflation? :? Prices hardly dropped.

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Re: Prices still not going down despite worldwide depression

Postby starlight1968sg » Thu Dec 25, 2014 6:11 pm

janet88 wrote:Deflation? :? Prices hardly dropped.

Just another word to attract attention.
What is the impact on our daily lives? Whether inflation or deflation, prices of all things continue to climb, just a matter of speed that is all.

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Re: Prices still not going down despite worldwide depression

Postby WeiHan » Thu Dec 25, 2014 6:15 pm

A common excuse to increase food price is to "renovate" the place. After renovation, then the rental increases...then the food no choice has to increase and the poor hawkers have to explain to the customers...

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Re: Prices still not going down despite worldwide depression

Postby janet88 » Thu Dec 25, 2014 6:15 pm

starlight1968sg wrote:
janet88 wrote:Deflation? :? Prices hardly dropped.

Just another word to attract attention.
What is the impact on our daily lives? Whether inflation or deflation, prices of all things continue to climb, just a matter of speed that is all.

Hawkers increase price claiming they have no choice...and those prices will not decrease again even if there is deflation.

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Re: Prices still not going down despite worldwide depression

Postby starlight1968sg » Thu Dec 25, 2014 6:17 pm

janet88 wrote:
starlight1968sg wrote:
janet88 wrote:Deflation? :? Prices hardly dropped.

Just another word to attract attention.
What is the impact on our daily lives? Whether inflation or deflation, prices of all things continue to climb, just a matter of speed that is all.

Hawkers increase price claiming they have no choice...and those prices will not decrease again even if there is deflation.

Are the prices of condos, cars going south?

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Re: Prices still not going down despite worldwide depression

Postby WeiHan » Thu Dec 25, 2014 6:30 pm

starlight1968sg wrote:Are the prices of condos, cars going south?


They are trying to be optimistic saying next year, price will only decrease 5-7% and then after that it will recover...

But as we can see, depression will only start after 2016 and that should be when the real crash comes.

All we know now is that flats and condos are having hard time to rent out. Although price remains there, it is getting harder to rent out and the volume is so pathetically low. I even read that there is an increase of auctions of condos at great bargain price.

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Re: Prices still not going down despite worldwide depression

Postby Augmum » Thu Dec 25, 2014 7:38 pm

Housing prices in Singapore posted biggest drop across several asia pacific markets...yr on yr in 3Q...( though biggest drop as compared to other asia markets, it 's only few %)

Yes...auction by banks increase significantly...highest seen in the recent 5 yrs ...
( as anticipated... by looking at the housing bubble building itself up these recent yrs )...

Prices of SG cars would largely dependent on the govt direction of COE quota...
Last edited by Augmum on Thu Dec 25, 2014 9:38 pm, edited 1 time in total.

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