tag:blogger.com,1999:blog-36739260.post2176917487426362064..comments2023-10-10T15:44:38.677+08:00Comments on KnowThyMoney: DJIA drops ~500 Points, Today KCLI Bleeds 22 PointsKrishttp://www.blogger.com/profile/01618400061723721064noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-36739260.post-26162947730542295142011-08-06T22:37:27.197+08:002011-08-06T22:37:27.197+08:00ChampDog, looks like you are well covered :P
Not ...ChampDog, looks like you are well covered :P<br /><br />Not sure how many people are well covered like you.. :PKrishttps://www.blogger.com/profile/01618400061723721064noreply@blogger.comtag:blogger.com,1999:blog-36739260.post-33375333278066322122011-08-06T16:09:50.312+08:002011-08-06T16:09:50.312+08:00Not sure if the following answers make sense. :D
...Not sure if the following answers make sense. :D<br /><br />1.What do you going to do if recession hits and your property investment goes into the gutters?<br />>> Hold it.<br /><br />2.Are you prepared?<br />>> 70%. :)<br /><br />3. What is your holding power like?<br />>> ~ 2 years.<br /><br />4. What is your backup plan?<br />>> Get a new job with equivalent pay within 6 months.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-36739260.post-11208710433500869712011-08-06T15:59:56.726+08:002011-08-06T15:59:56.726+08:00I think the better question for everyone to try to...I think the better question for everyone to try to answer is:<br /><br />1.What do you going to do if recession hits and your property investment goes into the gutters?<br /><br />2.Are you prepared?<br /><br />3. What is your holding power like?<br /><br />4. What is your backup plan?Krishttps://www.blogger.com/profile/01618400061723721064noreply@blogger.comtag:blogger.com,1999:blog-36739260.post-86678389295684015772011-08-06T15:55:02.250+08:002011-08-06T15:55:02.250+08:00Hehehe... hopefully this won't happen. :)Hehehe... hopefully this won't happen. :)ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-36739260.post-1048735897196329872011-08-06T15:50:57.763+08:002011-08-06T15:50:57.763+08:00I meant to say that if there is mass retrenchments...I meant to say that if there is mass retrenchments , the property bubble will burst. The main reason is that the middle income aka the average employees nowadays are having high debt ratios compared to their income.<br /><br />Without their jobs, I don't think they can have any strong holding power on their speculative property investments. Everyone is joining the property investment bandwagon.Krishttps://www.blogger.com/profile/01618400061723721064noreply@blogger.comtag:blogger.com,1999:blog-36739260.post-84913153771387137142011-08-06T14:08:49.842+08:002011-08-06T14:08:49.842+08:00No retrenchments, no property bubble bursting but ...No retrenchments, no property bubble bursting but does that mean have retrenchments, then there will be property bubble burst? :) It means different thing.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.com