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Hi Sam,

I share your sentiment.

Sadly, no one knows for sure when is the right time to buy and whether there is a correction in 4Q 2010. So far, the signs are not there cos 4Q ending next month.

Personally, i would like to see a correction sooner rather than later but i do recognise that it could be some many months down the road. Even if a correction is confirmed coming, i would wait a year or more for prices to soften.

So there will definitely be corrections but how long can one wait? In current market situation, if you need to buy, just buy something very affordable.

The guideline i share is to buy at a property priced such that even if the price drops 30-40% below your purchase price, you are still able to sleep well at night.

Good luck! Read More