I am not very knowledgeable about real estate... here is my take...

On a living need basis, it is buyable indeed as i dont feel there is a bubble in real estate yet, a small one if you insist... That said, I wouldnt buy a house primarily because of low interest rates, as it could go up again some time later especially after the US crashed hard...

the real estate price will go up a bit gradually in near term mainly because of low interest rate environment, but i dont think this could last too long.... as we progress towards the end of this year, when people is beginning to realize the *enormous size* and effects of the US meltdown... and its implication for worldwide economic slowdown, if not recession...  There will likely be deflation in assets like real estate, stocks, though inflation is likely to persisent in consumer price items like food, energy..

引用:

原帖由 peninsula 於 2008-2-16 21:02 發表

It's getting close to 1997 prices!

but then you have got to factor in the currency devaluation for the last ten years, which has been significant to put it mildly.... the lost in purchasing power of the money today compared with ten years ago cannot be underestimated... and the sentiment in the property market right now is still very far away from the speculative frenzy or craziness of the 1997...

[ 本帖最後由 hardcat 於 2008-2-20 15:14 編輯 ]