Walked past the badminton court this morning and overheard two guys arguing about whether the property market will crash. One kept saying it has to crash, like the laws of physics apply to real estate. The other just laughed — he's already bought three apartments. The first guy will probably buy one eventually anyway, when he decides the risk of not buying is worse than the risk of it crashing. That's how it works here now. The conversation isn't really about whether prices make sense anymore. It's about whether you can afford to be wrong.
0