Prior to 2008, Americans are drowning themselves with mortgage debts, either via flipping with zero down-payment or refinancing their houses for extra cash to spend on holidays. After the Great Recession, it was Asia’s turn to drown themselves in housing debt as seen in Singapore, Hong Kong, Malaysia, China, Australia, India, and more.
Alternative 2020 Article ➤ 20 Robert Kiyosaki Quotes From Rich Dad Book On Investing, Network Marketing And Cash Flow Quadrant [ Part 2 ]
Depending on who you talked to, those into the property industry will convince you there is no property bubble and the sudden spike in value is none other than demand and lack of supply. Is there a property bubble in Asia? If so, when will the bubble burst? Nobody knows, until it is too late.
History has shown us again and again, when there is a spike in price, it will eventually collapse, unless we go into hyperinflation, which is almost unlikely. In the long run, real estate / property is a good investment, the only problem is do you have the holding power when the bubble burst or interest rate rises? If you are into Cityscape Photography, do check out Paul Reiffer Photography.
Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity had devised. It is the basis of all security and about the only indestructible security. – Russell Sage