MM Lee Kuan Yew on the property cycles
"They go up, then they go down. So when they go up, don't believe that it's going to go up further & further and you start buying bigger & bigger, & mortgage for bigger & bigger amounts. Because the day it starts to fall, the cycle goes around, you will find yourself with a negative value asset."
Feb 2008
1 comment:
Exactly! Happens with most things..Gotta ride it through..
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