View Full Version : How do you guys "wait" out a cycle?
Eldenfirefly
23-02-12, 15:38
I admire the guys here who try and time the property market. And they can say "property market expensive now, I will wait for it to drop" or "property market is cheap now, I will buy it and wait for it to rise."
The thing is, property not like stocks. Market crash in 2008, by 2009, it chiong back up. Property market crash, can stay down for a long time. And same thing, when it is up, it can stay up for a long time also.
You guys have a time horizon and patience to hold for more than ten years? :scared-5: How do you guys do that?
I admire the guys here who try and time the property market. And they can say "property market expensive now, I will wait for it to drop" or "property market is cheap now, I will buy it and wait for it to rise."
The thing is, property not like stocks. Market crash in 2008, by 2009, it chiong back up. Property market crash, can stay down for a long time. And same thing, when it is up, it can stay up for a long time also.
You guys have a time horizon and patience to hold for more than ten years? :scared-5: How do you guys do that?
My horizon is always MORE than 10 years. But i will also take profit (for investment ppty, not my shelter) but will park my funds somewhere all the time.
I admire the guys here who try and time the property market. And they can say "property market expensive now, I will wait for it to drop" or "property market is cheap now, I will buy it and wait for it to rise."
The thing is, property not like stocks. Market crash in 2008, by 2009, it chiong back up. Property market crash, can stay down for a long time. And same thing, when it is up, it can stay up for a long time also.
You guys have a time horizon and patience to hold for more than ten years? :scared-5: How do you guys do that?
10 years is a long time but meanwhile if this was an investment property you can keep it for rental yield no?
It also depends on how many properties can u afford to own i guess? Big time players here like bullman and devilplate are holding multiple properties and they dont have to sell 1 in order to buy the next.
Same for the stock market. Imagine you can only afford to buy a certain amount of $ of stocks and without cashing out you can't look into others. The waiting time will then definitely be "torturous"
Itch can definitely cost you big time ...sometimes more than just money
devilplate
23-02-12, 16:23
10 years is a long time but meanwhile if this was an investment property you can keep it for rental yield no?
It also depends on how many properties can u afford to own i guess? Big time players here like bullman and devilplate are holding multiple properties and they dont have to sell 1 in order to buy the next.
Same for the stock market. Imagine you can only afford to buy a certain amount of $ of stocks and without cashing out you can't look into others. The waiting time will then definitely be "torturous"
yoyo brother....bullman is the real big fish....my head small small nia hor.....
ikan bilis
23-02-12, 17:02
"How do you guys "wait" out a cycle?"
=> tcss here.... ;)
yoyo brother....bullman is the real big fish....my head small small nia hor.....
Haha, yup. That is BIG fish!
yoyo brother....bullman is the real big fish....my head small small nia hor.....
You are too humble bro. You are already a BB. I am also ikan bilis compared to the legendary Condowner who has 100-200 CCR units if I remember correctly? My units are all MM like Kembangan suites etc.
I don't believe in timing the market. Just buy if there is a value buy and you can afford (50-60% downpayment+2-3 years of mortgage payments cash reserves).
You are too humble bro. You are already a BB. I am also ikan bilis compared to the legendary Condowner who has 100-200 CCR units if I remember correctly? My units are all MM like Kembangan suites etc.
I don't believe in timing the market. Just buy if there is a value buy and you can afford (50-60% downpayment+2-3 years of mortgage payments cash reserves).
Is there a "Condowner" here? I used "Search" function but cannot locate. Amazing.
(By the way, real or not? He must have shown up as one of the richest persons in Singapore)
No expert here but this is my take. I think there are too little cycles in an average person's lifetime to "wait" out.
So I try to make on the way up and gain advantage on the way down. Ie. downgrade in an upswing and upgrade in an downswing.
I admire the guys here who try and time the property market. And they can say "property market expensive now, I will wait for it to drop" or "property market is cheap now, I will buy it and wait for it to rise."
The thing is, property not like stocks. Market crash in 2008, by 2009, it chiong back up. Property market crash, can stay down for a long time. And same thing, when it is up, it can stay up for a long time also.
You guys have a time horizon and patience to hold for more than ten years? :scared-5: How do you guys do that?
You are too humble bro. You are already a BB. I am also ikan bilis compared to the legendary Condowner who has 100-200 CCR units if I remember correctly? My units are all MM like Kembangan suites etc.
I don't believe in timing the market. Just buy if there is a value buy and you can afford (50-60% downpayment+2-3 years of mortgage payments cash reserves).
Wow.... my hero
devilplate
23-02-12, 21:35
You are too humble bro. You are already a BB. I am also ikan bilis compared to the legendary Condowner who has 100-200 CCR units if I remember correctly? My units are all MM like Kembangan suites etc.
I don't believe in timing the market. Just buy if there is a value buy and you can afford (50-60% downpayment+2-3 years of mortgage payments cash reserves).
Bro price's fault la....make us so malu.....wahaha
You are too humble bro. You are already a BB. I am also ikan bilis compared to the legendary Condowner who has 100-200 CCR units if I remember correctly? My units are all MM like Kembangan suites etc.
I don't believe in timing the market. Just buy if there is a value buy and you can afford (50-60% downpayment+2-3 years of mortgage payments cash reserves).
I share the same thinking as you. I just bought a condo in CCR two days ago, amid rumours of more cooling measures.
Basic, Young and Dell could be right about further drop in prices of up to 25% by next year end.
However, finding a place you really like is not easy and I don't have the patience.
devilplate
23-02-12, 21:38
Is there a "Condowner" here? I used "Search" function but cannot locate. Amazing.
(By the way, real or not? He must have shown up as one of the richest persons in Singapore)
Property_Owner
He prolly too busy to come here.
Ok, found his posts. >100 units means he can corner e rentals n sale prices of many condos in CCR.
devilplate
23-02-12, 21:51
Ok, found his posts. >100 units means he can corner e rentals n sale prices of many condos in CCR.
His qap gcb duno worth how many millions liao.....we can only dream....hehe
He lost an aston martin to mbs too.....but hor spare change la....hehehe
Answer to the topic question: play through all the Final Fantasy series game
answer to the question...wash and polish my cars....:D
answer to the question...wash and polish my cars....:DThat's a long queue of cars you've got there to last a cycle... :cheers3:
Bro price's fault la....make us so malu.....wahaha
hahaha why malu!? i wish to own many more properties like all of you in years to come! :D :D :D
devilplate
24-02-12, 08:58
hahaha why malu!? i wish to own many more properties like all of you in years to come! :D :D :D
always got taller mountains mah......me ikan bilis small little hill
devilplate
24-02-12, 09:00
I admire the guys here who try and time the property market. And they can say "property market expensive now, I will wait for it to drop" or "property market is cheap now, I will buy it and wait for it to rise."
The thing is, property not like stocks. Market crash in 2008, by 2009, it chiong back up. Property market crash, can stay down for a long time. And same thing, when it is up, it can stay up for a long time also.
You guys have a time horizon and patience to hold for more than ten years? :scared-5: How do you guys do that?
actually hor, sounds like ur finger getting very itchy liao!!!
sold ur clover and fingers itchy itchy ar? hehehehe
must learn how to meditate and hibernate.....wakakaka
always got taller mountains mah......me ikan bilis small little hill
ahha if ur ikan bilis many of us are planktons
Answer to the topic question: play through all the Final Fantasy series game
Hey mcmlxxvi, have you tried the latest XIII-2? Worth playing? Haven't played one that have a decent story since X and that's just passable. Gone are the days of FFIV, FFVI and FFVII....
Condo Kaiser
24-02-12, 10:04
Honestly, not to start another argument. I seriously doubt there is single individual in Singapore who owns 100 - 200 CCR properties.
50 - 100 properties all over the island I can believe.
Almost all of the top 20 richest in the country are business owners and their wealth lie in the equity holdings.
To have 200 CCR, even at a conservative estimate of 3 mil average per property, that is 600 million. And if you apply a even more conservative ratio of 40% of this guys net worth are in residential properties that give a estimated 1.5 Billion net worth.
Honestly, not to start another argument. I seriously doubt there is single individual in Singapore who owns 100 - 200 CCR properties.
50 - 100 properties all over the island I can believe.
Almost all of the top 20 richest in the country are business owners and their wealth lie in the equity holdings.
To have 200 CCR, even at a conservative estimate of 3 mil average per property, that is 600 million. And if you apply a even more conservative ratio of 40% of this guys net worth are in residential properties that give a estimated 1.5 Billion net worth.
There are around 13+ billionaires in Singapore.
If the individual who owns 100-200+ CCR units is a khoo or ng family, 600mil is only a small fraction of their entire net worth.
There are around 13+ billionaires in Singapore.
If the individual who owns 100-200+ CCR units is a khoo or ng family, 600mil is only a small fraction of their entire net worth.
Eric doesn't have 100+ CCR units and he got the biggest share of the pie.
Maybe the whole Ng family if you consider all the unsold units in FEO's balance sheet :D
My friend's in the Chua family and even they don't have anything close to 100 CCR units but i'm open that it is possible of course. The Khoo family did 'hide' their wealth pretty well until the partridge's passing.
devilplate
24-02-12, 10:44
moi ikan bilis....
i dun mind owning 100 MMs in geylang.....wakakakaka
It can either be depressing comparing with the super rich in Singapore but it can also be inspiring that you want to be like them... anyway, me contented with what I have... me the smallest fish in the smallest pond but if me happy and my family happy, can already... :cheers1:
Condo Kaiser
24-02-12, 11:18
There are around 13+ billionaires in Singapore.
If the individual who owns 100-200+ CCR units is a khoo or ng family, 600mil is only a small fraction of their entire net worth.
I said individual... But then again.. It is highly unlikely for Ng or Kwek or Khoo family to own 200 CCR properties. Because most of their wealth are locked in equity stakes in their family businesses.
Do you think Li Ka Shin has 1000 apartments in HK? Since he is more than 5 times richer than any of the riches in Singapore.
To the very rich, residential properties are a very low risk and low return investment, it really does not make sense to put a large amount of money into it.
Jonathan0503
24-02-12, 12:21
moi ikan bilis....
i dun mind owning 100 MMs in geylang.....wakakakaka
Then besides rental, can also use for other businesses..lol
Hey mcmlxxvi, have you tried the latest XIII-2? Worth playing? Haven't played one that have a decent story since X and that's just passable. Gone are the days of FFIV, FFVI and FFVII....
Gone meh... I just started on FFVII few days back... After finishing PE1 and 2 and then Chrono Cross...
actually hor, sounds like ur finger getting very itchy liao!!!
sold ur clover and fingers itchy itchy ar? hehehehe
must learn how to meditate and hibernate.....wakakaka
You are absolutely right bro... After only like 8 months no transaction i think i also getting withdrawal...
No doubt property may crash!!!But normally is buyer wait wait wait and the price keep going up!!!
My dream is to own 3 1500 sqft CCR condo and 2 MM CCR condo by the time I retire.... Sigh long way to go
Gone meh... I just started on FFVII few days back... After finishing PE1 and 2 and then Chrono Cross...
Hmm .
Property investment is not like stocks. Investment horizon should preferably be 7 to 10 years to ride out a peak to tough cycle. If you are lucky and the profits come in earlier, than good for you, but always plan stay invested for 10 years to be on the safe side.
Regulators
25-02-12, 08:58
Talking about property cycles, some ptys can go through an entire ten over year cycle but nothing much comes out of it. It is all about timing. Imagine someone who bought hillview in 1997 at averagely $8xxpsf, they go thru a 15yr period of no upward movement (ever experiencing drops to $6xxpsf) and still remain the same till this day for the older projects (taking into account interest over the past 15yr). It is about buying at the right timing.
Property investment is not like stocks. Investment horizon should preferably be 7 to 10 years to ride out a peak to tough cycle. If you are lucky and the profits come in earlier, than good for you, but always plan stay invested for 10 years to be on the safe side.
Property investment is not like stocks. Investment horizon should preferably be 7 to 10 years to ride out a peak to tough cycle. If you are lucky and the profits come in earlier, than good for you, but always plan stay invested for 10 years to be on the safe side.
If profits come in too fast and furious over a bull run, taxman may come after you also.... ;)
It can either be depressing comparing with the super rich in Singapore but it can also be inspiring that you want to be like them... anyway, me contented with what I have... me the smallest fish in the smallest pond but if me happy and my family happy, can already... :cheers1:
Cheers to u to bro...same thinking here...
buttercarp
26-02-12, 18:34
It can either be depressing comparing with the super rich in Singapore but it can also be inspiring that you want to be like them... anyway, me contented with what I have... me the smallest fish in the smallest pond but if me happy and my family happy, can already... :cheers1:
Actually if you think like me then you won't be depressed, neither would you make much progress cos you would be contented with life.
No matter how rich you are, you can only eat that amount of food.
Maybe the food may be richer type but you can't eat too rich food everyday.
No matter how big your house is, you can only occupy that amount of space. You can't be frolicking around the whole house day and night.
No matter how powerful your car is, you have to adhere to the speed limit.
No matter how big your car is, you are just occupying the driver seat.
For the ladies.... no matter how expensive your bag is or are.... you usually carry only one out at a time. And your friends drool over the bag that you carry and that's about it.
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