Wednesday, July 30, 2014

Hong Kong, Singapore Popping Housing Bubbles

HKG property prices are up 288% since 2003. Gold is up 270% since 2003 (in USD, and the HKG dollar is linked to the USD). But with gold there is no land rates or water bills and the flexibility to sell (and buy) any percentage amount whenever you like with immediate payment - can't do that with property.