I noticed that Business Times have a good article this morning titled The road to riches isn’t just paved with keys of condos written by Cai Haoxiang. I find Haoxiang to be one of the good writers on these topics in educating investors and someone that we should pay attention more to when reading the Business Times.
In this article, he opens up with a debate with a colleague on the virtues of not denying the people the pursuit for private property for wealth building. It’s a spirited argument, and one that I am sure many of you have at lunch time with your more well read colleagues and friends.
Haoxiang listed out various past statistics, pointing out that while the general mindshare is that property prices always goes up, there are instances where you might not be able to comfortably enjoy the fruits. Specifically both stocks and property ......