March 25th, 2008
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#299
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Re: Kuwait fund pulls out of bulk purchase of high-end homes
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Originally Posted by Analyst
I don't know whether you are the same person who wrote the quote that you pasted in your reply, since there is no way to identify you.
For property, as with stocks, it is all about sentiments. Whether one trails the other or what the time frame is for `traling' is not an exact science. Thus, the one year time frame is not a useful guide at all.
And the stock market, as far as I can remember, did not end at 3900 plus on any one day, whether in Oct 07 or otherwise.
All the comments on this forum, does nothing for the prices either way. Even the property experts from the real estate firms have been discredited, since they have a vested interest in talking things up.
Only the big boy developers who put the money where there mouth is, by investing in developments, or choosing not to invest, that really can affect anything. The rest will just have to monitor, be nimble and get in or out while the going is good (or bad) accordingly.
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Yes!! This is the best comment so far. Unlike all the purported self-congratulatory messages from those talking up the market.
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