Re: Share Prices and Currency Values
The short answer for property prices going down is: yes, definitely, but since it is a worldwide correction in prices, the real value of the property will then be that of the land content, not the structure.
Which means while in SG, 50 storey apartments will be almost worthless overnight while landed property will have the price of the land to support some value.
Then again, in the event of a worldwide depression, external threats such as insurgency/war/natural disasters, would change the level of demand and supply and thus effect land prices itself, and this is a likely thing to happen should there be millions of hungry people in one country and a well-fed neighbour just across the border.
Originally Posted by destroyer
"DYNASTIC WEALTH, THE ENEMY OF A MERITOCRACY, IS ON THE RISE"
- Warren Buffett, to the US congress. The man gives BILLIONS away to charitable causes. COMPARE this to the "mehLEEtocracy" in PAP's rhetoric of greed.