Friday, August 17, 2012
Up, up and away
Yes, you read that right.
The selling price for a modest-sized house now costs a minimum 600k; it's higher if it's renovated, a corner/end-lot or well-maintained.
I'm happily waiting for the bubble to burst, yanking along with it the escalating property prices to a whole new low; it's gone up way too high and mind you, it still is. Geez, if I had known then that the property prices would appreciate so much, I should've just placed the 2% deposit for that lovely 1.5 story house and settle the finance with Mama and Papa Carrie with me taking a house loan for the balance.
Well, that shows that once you've missed the boat, it's your bad luck.
Sigh. I wonder what caused the sudden spike in property prices.
Unscrupulous real estate agents?
An increase in raw materials?
I guess I'll have to wait until an economical crash before I can make my next move. All too great.