TheAnswer wrote:Coolkidsrock2 wrote:MrsKiasu wrote:Yup, a good wake up call...I have been just focusing on the savings and think when we can reach certain amount to buy..have been like this since the first day came out to work. last time, age was never a problem, but now
Jobs used to be a lot more stable but they are no longer so. Job cuts are so common. Even if the banks are willing to lend, am fearful of borrowing up to their approved quantum or tenure. But that is just us. Very conservative. The properties we were looking at are already down close to 30% and they are still not moving. Imagine the pain if we are caught on the wrong side.
Dun understand this part 'The properties we were looking at are already down close to 30% and they are still not moving.' Can explain further?
They were asking/transacting at $3-4million or more previously. Now they are asking around $1 million or more lower.
Rental market is bad.