Singapore - The Next Dubai? Real Estate Bubbles, Mike Maloney of Gold and Silver Inc
Property bubbles ...
Property bubbles have been going on since the dawn of mankind. Why, if it weren't for humanity's inherent recklessness over resources, we would have never build the great pyramids of Giza, or Stonehenge, or all the other temples and Gothic Cathedrals and opulent Victorian Palaces. Sadly, nowadays we've just run out of space by building cheaper and more and more expansive buildings which we end up tearing down. Our own success as an architecturally driven species ends up being our downfall.
CAPITALISM creates ...
CAPITALISM creates DRUG LORDS. LAWYERS. BANKERS. ELITE CRIMINALS. INEQUALITY. INSTABILITY. GREED. RUTHLESS COMMUNISM. NWO. NAZI. TERRORISM. LAZY PEOPLE. REBEL POLITICIAN. ANARCHY. worst is WAR etc.. ☠ ☢ ☠ ☢ ☠ ☢ CAPITALISM was designed only for CORRUPT OPPORTUNISTIC MANIPULATIVE LAZY POLITICIAN. BANKERS. NARCOPOLITICIAN. JUDGES. CRIMINALS. DICTATORS. RULERS. KING. SULTANATE. EMPEROR etc.. HARD WORKING PEACE LOVING HAPPY HONEST SOCIETY were always the slave victim and poorly starve to death. :(
gold and silver
gold and silver
Is there anyway to ...
Is there anyway to bet against the property bubble in singapore?
Stop,living in ...
Stop,living in denial like what the americans who are hoping that the USD will recover
what mike is saying ...
what mike is saying is true,I'm a singaporean,some flats here are already close to a million dollars,that's the price of a typical condo here
there is one ...
there is one important thing to note though, Singapore's debt is mostly the result of securities (bond/treasury notes) issued by SIngapore's government to Singapore's Central Provident Fund, which is Singaopre's retirement/pension fund. Singapore hasn't borrowed a dime from any bank or financial institution since the 80s. That is a HUGE difference. Context... it is important.
Singapore is ...
Singapore is undoubtedly the best managed country in the world. The guy in the video says Singapore's debt is higher than Greece's. Well, judge for youeself what brain he has.
Singapore - The ...
Singapore - The Next Dubai? Are you kidding? Dubai strived to be the Singapore of the Middle East not the other way round. Every month Dubai sent hundreds of their officials in Singapore for study purpose. But Dubai will never become Singapore.
Onde é a sua ...
Onde é a sua cidade irmão?
England hasn't ...
England hasn't started to pop yet, just some minor drops (and some even smaller rises). It's hanging in there due to record low interest rates and (so far) low unemployment. That will change.
I love the porno ...
I love the porno music at the beginning
Everything is so ...
Everything is so predictable...not.
4:00 - I dont think ...
4:00 - I dont think England's and US' property bubble has fully popped
wasted 1 minute ...
wasted 1 minute counting the cranes and some of them arent even cranes lol!
Lol ...he's ...
Lol ...he's mistaken, these so called cranes are from the port area of Singapore and it's meant for moving containers from the ship to land and there are so many of them spread along the waterfront where he was viewing. Yes only those on top of building counts if what he meant was building under construction. Everything about Singapore is not Dubai, but yes prices are high just like many places but bubble? Well, it's inevitable when there's so much liquidity with QE2 and QE3 soon.
Prices may fall for ...
Prices may fall for a long time, these monster building will rust out and be demolitioned, but disease will wipe out billions and no one will care much about the Real estate burst bubble. We will soon see a new age of slave-master set up and even those with the gold may lose it to those with guns and more power.
Ok but look at all ...
Ok but look at all the big ships in the sea. Aren't that ships exporting stuff all over the world? Like you can think about bubbles, but these guys are still producing and selling.
Hi, with the ...
Hi, with the investment of 100-250k do you know what country right now is good for investment in real estate; the money is not much so it can be just by buying a land as well
@CheekenOne The ...
@CheekenOne The endless supply is the reason behind all the acts of chasing after staff. For average Singaporean, other than PMs/ forex CDs/ property/ education, we do not have much choices. For PMs, we are disadvantaged by a 7% GST and & high-pricing mint! Try buying silver in Singapore now; you can hardly find a roll of SAE; I meant just hunting for availability. We we also not guilty of printing money? What about the recent S$600/700 for each citizen? Is it not $ creation in another form?
My father needed ...
My father needed specticles. By your logic, I should have n! "fathers"! Some years back in China, I paid RMB4 for each basic hair-cut in rural township. In Singapore, the same was S$6 (RMB36 then) in Singapore. By your logic, Singapore economy was then already in hyper-inflation/ bubble! You heard of "Fallacy of Composition" (an economic term)? I could foregive you for being "evian"! Reason: when a finger is pointed at someone, 3 other fingers are also pointing!
I'm a Singaporean ...
I'm a Singaporean too, though you are right, the prices right now are high anyway. I wouldn't call it a bubble here, but the prices will fall pretty rapidly, just not as bad as other countries.
You want to count ...
You want to count cranes go to the secondary cities in China. Xian where we own a condo there are literally thousands, they are not building just condo's, they are building streets. The condos in some area look like the twilight zone. All condo's may be blue on one street with all glass windows and the next would be green, etc.
Yep, looks like a ...
Yep, looks like a real TTI (Testament To Idiocy).