1. If there were no cooling measures from the govt, do you think the property market would be higher today????
Yes
2. How much higher????
50% higher
3. Do you think people are richer today compared with 2008?
Yes, just look at the number of degrees holder.
4. Do you see a recession coming soon????
The recession is already here, the government is managing it.
5. Do you think if a recession happens, Govt will do something to ease the pain???? Unlike 1997, where austerity was the way and IMF insisted Govt do not bill out companies, only then will they lent money. Notice the difference of 1997 vs 2008.
After the US show the World how to print their problem away, all hell break lose.
6. Do you think parents are assisting children w their property down payments?????
If parents cannot buy then use children name, if parents don't want to help their children most likely their cannot help themselves.
7. Now come to your own conclusions.
Don't wait for some kind of fruit to drop, can buy go ahead. Singapore need to import sand to have land unlike other country they can just empty the town and move to another and they call the empty town ghost town. Have been to a number of the ghost town when I was driving from Tuson to Texas for AH64D certification training at Ft Hood.