In every kind of market...ie property/shares..etc etc...there will always BE Bulls and Bears....at different stages of our life depending on our own personal investment strategy we can be a bull bear...
Today morning over a breakfast of nasi lemak and teh tarek at good old siglap village i was looking at all the hustle/bustle around me..i.e families/maids/banglas...
.....enjoying the morning...
I was thinking to myself...what IF the singapore property market were to crash...realistically 20 to 30% from where it is NOW...would that be good or bad...
i remember back in early 2009 it was a DOOMSDAY scenario....everybody thought it was end of the world personally my company also retrenched staff i remember a colleague of mind getting envelope he couldnt even look up to say goodbye..he has 2 young children and a HDB flat to take care of...
Anyway luckily WE pulled out of that NOT only did we PULL we SHOT thru the ROOF(Pun intended)...
But i was thinking like if today something like 2009 were to happen if would SERIOUSLY/Surely be MUCH more serious than 2009...cos a whole LOT more people have committed to HUGE mortgages..and if the Ship was to start sinking...a LOT more damage will happen...my income has not risen much since 2009 but look at COE/COV and all that Bullshit...
all i can say at this moment is.....if the ship were to start sinking...
run faster run....