When is the right time to buy a house?
It’s a million dollar question, both literally and figuratively.
Buy low and sell high is the mantra that everyone chants, but anyone experienced in real estate will know that it is impossible to time the market.
Sure, you might have indications to know when the market is slowing down, but no one can predict when the bottom is going to happen.
And when I say no one, I mean no one. Not you, not me, not the Straits Times, nor the developers building your homes in Singapore.
So if we can’t determine the right/best time to buy a house, are we able to then find out the wrong time to buy a house and just avoid that period instead?
But is there really such a thing as a wrong time?
Very obviously, most people would say that the “wrong” time to buy a house would be at...