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October 22, 2007

Bait

With an uncertain world economy, which began with the US sub-prime market troubles, the once bullish property market here is now back on track - almost. Although many reports are optimistic, there are just as many which are realistic. It has always been my opinion that whatever happened this mid 2007, was a hyped up situation - not an opinion many real estate professionals shared tho.
And so, for the many who are driven by greed, it's a good lesson, but perhaps for some, yet to be learnt. We all work, do business, to earn a living - there is making a profit and fleecing. We are entitled to make a profit ; but are we entitled to fleece another? Morally, Ethically, Spiritually, definately a NO.
For such people, in their desperate bid to hang on to what's left of the hype, baiting is what they have resorted to.
To get a large fish, we hook on bait, that's proportionately larger.
And so, what would be proportionately larger bait for property?
For me, it has got to be something like a vehicle - a Mercedes would do nicely.
BUT for this greedy lot, they have decided to offer a buffet spread.

Who am I to say it wouldn't bring in 'fish'.
sure it will, but fish these days are not silly.
instead of biting down on the bait, they may decide to nibble and miss the hook.
That's why we do farming these days.
Haul in the catch with a net.
No bait required.

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