PPRuNe Forums - View Single Post - Hong Kong Property prices, Flu, etc.
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Old 14th Mar 2008, 04:44
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missingblade
 
Join Date: Sep 2007
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I have been trying to sum the situation for 8 months - to no avail - while prices climb. As they should cause we have inflation and low intersest rates - which makes no sense - we should have higher rates when inflation is up. But the dollar peg takes care of that.

Then there's the stock market - down 25 % - which normally lead to lower property prices - but not now cause we have low interest rates....

Flu - well I think everybody will try sit this one out - so no bargains there.

Supposed supply shortages which will push prices - whether real or not the newspapers keep saying it and people believe it.

Money from the mainland flooding in.

Its a quagmire of possibilities - Prices might keep going up - but there are issues like affordability and possible higher interest rates in future. On the other hand prices are now where they were TEN years ago - so some consider that fair.

I give up - and nobody knows. Hope that helps.
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