Property Stories

Loss Aversion: Why Do People Fail To Act During Downturns

Join our Telegram group for instant notifications
Join Now

Reuben

Reuben is a digital nomad gone rogue. An avid traveler, photographer and public speaker, he now resides in Singapore where he has since found a new passion in generating creative and enriching content for Stacked. Outside of work, you’ll find him either relaxing in nature or retreated to his cozy man-cave in quiet contemplation.

Subscribe
Notify of
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Peter
Peter
4 years ago

Excellent piece Reuben. I was looking to buy during the 2008 crisis being several years into my career and looking to start a family soon. I was lucky enough to be able to consider buying a condo then, but the crisis hit my workplace quite badly. While I managed to retain my job there, there was just too much uncertainty to make a purchase. While the crisis unfolded, it was hard to see the bottom – like it is now with Covid-19. Back then before Lehman Brothers collapsed, news after news just kept coming out like never before. My wife and I decided against buying then. Once the crisis ended however, property prices kept going up. We got caught in this wave (thankfully early in 2010) where prices still weren’t as high as they went in 2013. But in terms of investment opportunities, it’s hard to see prices apprecaite that much as it then – namely with the regulations in place. Now with the LTV of 75% and ABSD, it’s hard to imagine this happening again – housing affordability would be out of the question, and that’s political suicide. Would the government start to ease the regulations? I highly doubt so. Many Singaporeans who can hold onto a job would use the deregulation as an opportunity to purchase a condo with the idea that prices here can never go down long-term, and with cheap loans flooding the market now, it’d be crazy for the government to even hint of any cooling measure lift.

Latest Posts

SORA 2 hero shot
New Launch Reviews Sora Condo Review: Attractive Prices Starting From $1,850 PSF In 2024 With Jurong Lake Views
June 20, 2024
June BTO 2024 Best Picks
BTO June 2024 BTO Launch Review: Ultimate Guide To Choosing The Best Unit
June 19, 2024
Kew Edited5
Property Picks Where To Find The Cheapest Landed Estates In Singapore (From $660k)
June 17, 2024
This Architect Built A Family Home Deep in Nature Leaving City Life
Editors' Pick This Architect Built A Family Home Deep in Nature, Leaving City Life
June 16, 2024
dairy farm gls
News Another 2,000 New Homes To Come: What Does This Mean For Prices?
June 16, 2024
wallich residence singapore city view
Commentary 4 Curious Singapore Property Trends We’re Seeing In 2024
June 15, 2024
Bedok Residences by Capitaland
Advice I Have $1.5m In Cash But Don’t Own A Property: Should I Buy An HDB Or Condo In Bedok For Rental Income?
June 14, 2024
sora photo singapore new launch condominium ec5f4e557884d26c43713307c5c695d5 copy
Property News This New Launch Condo Will Have 78% Of Units Facing Jurong Lake Gardens: Is Sora Worth A Look?
June 13, 2024
5 More Affordable Yet Convenient 1 Bedroom Condos Near An Integrated Development
Units Of The Week 5 More Affordable Yet Convenient 1-Bedroom Condos Near An Integrated Development
June 13, 2024
lentor condo
En Bloc Why En-Bloc Sales Will Continue To Be Slow In 2024
June 12, 2024
How Much Do You Really Need To Comfortably Buy A 3 room HDB As A Single In 2024
Buying Are 3-Room HDB Flats Still Affordable For Singles In 2024? Here’s The Reality
June 12, 2024
condo investment
Commentary When Is Singapore Property The Right Or Wrong Investment For You?
June 11, 2024
cheapest 3 bedroom featured
Property Picks 10 Rare 3-Bedroom Condos Under $1 Million In 2024 (With Floor Plans)
June 10, 2024
Frances Thumbnail option 1
Editors' Pick How A Content Creator Turned Her 410 Sqft Apartment Into A Cosy Home Studio
June 9, 2024
absd rule developer government land sale zion
News Does This Mean The Foreigner ABSD Is Going To Be Lowered Soon?
June 9, 2024
to sell your own flat
Selling Why Selling Your Own HDB Flat Isn’t As Easy As You Think: 7 Hidden Difficulties To Be Prepared For
June 8, 2024