Many people buy for various reasons.
That being said...after reading so many comments by so many forummers here...A general feeling is that parking the money in a property is still better than let it rot in the bank?
So if the price dipped by 10% or even 20%, doesn't it still translate to rotten even more away compared to placing in bank??
Someone also shared views that mass printing of money means that money getting smaller...so the price we paid is not overpriced?
Your view pls.
Nonetheless...lastly, just to share after undergoing 2 deaths in my family...I feel that placing too much emphasis on the tangible asserts we have is not healthy.
Lost sight of many things in live.
Something to ponder...
If you only have 10 years to live...I doubt you want to wait for another 5 years just so for the price to start correcting before you start sharing your life with your loved one.
No one can predict what will happen. Today, tomorrow or in near future.
No one...so just focus on what you have at hand.