My partner, Wilson Lee Flores, spoke his anxiety in his Facebook posting that a belongings bubble may be upon us. “Real estate is still astonishingly strong and has not yet imploded in spite of what I believe ‘too high’ high prices,” he experiential. Wilson dabbles in possessions sales and I figured he must have a cause for his fears. As it turns out, he and I just got concerned because we are seeing more and more condos being built, wondering who will buy all those units and making us believe things don’t seem maintainable.
It didn’t help tranquil Wilson’s fears when his Malaysian and Thai friends told him their economies are better-off and they have a bigger middle-class and they couldn’t appreciate why our real estate prices are way too high compared to theirs. So I asked about what is going on. A belongings professional and BSP Governor Say Tetangco guaranteed me we aren’t about to go the route of the Americans any time soon.
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