November 13, 2008

When Is The Property Market Going To Crash?

I'm so broke. The current global economic situation isnt doing anyone good. I have friends who lost a lot of money in the stock market. I have more out of a job. Then there are a few who cant meet up with their mortgage. Jeffry is up to his neck in credit card debts. I even have some who called up to borrow money. So, what can i do about it? Apparently, there's nothing much that i can do except to lend them a listening ear, and a shoulder to cry on. I need money myself.

Life is so diificult with soaring food prices. Electricity tariff is up, petrol is up, everything is up. Too bad my income isnt showing any signs of going up. No money, no talk. Sad fact i have to live with. With the festive season not so far away, i think it's time i start jotting down what i need so that i dont by on impulse. If it's not on the list, it goes back to the shelf, period.

I may be considered one of the lucky fews who do not have high overheads. I dont have a house, i dont own a car, in fact, i have nothing in my name, lol. Wait.... i do. I have more than ten credit cards in my name. Thank god i keep them locked up inside the drawer and only take one with the lowest credit limit with me when i go out. With my current income, i dont think i have much cash to splurge on more gadgets.

Early this year, i asked hubby when can we ever move out to a place of our own. He says to wait till the property market crash first. We have to be very patient and save as much cash as possible. A friend asked me last month if we would like to buy his house or not. Nope, way over-priced in my opinion. He just wanted to get rid of it fast.

Given the choice, i really wouldnt want to stay here at all. How i wish i'm a millionaire and can afford to buy just about any property that i want. I was surfing just now and stumbled across these luxury santa fe real estate. Take a good look at those santa fe homes for sale. Dont you agree that life's great when you have the dough to throw around. Sigh, not happening at all. Well, i'll just bookmark this santa fe mls and come back for them when i make my very first million. Right now, i can only drool.


Written by cashvault at 01:48 PM. Filed under Funds.

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