Plan, plan and plan some more

QUESTION: Is Stonewall Central a better name for the property?
UPDATE (click): 2012 Audited Financial Statements
UPDATE (click): 2013 Annual Meeting packet
UPDATE (click): 2013 Special Meeting packet

AUDITED FINANCIAL STATEMENTS ANALYSIS 2009-2012 (click): A CPA analysis of SOHO Central Condominium Corporation's Audited Financial Statements

The Fantasy Vision

Does everyone remember this among the wonderful ads and brochures and how about the salespeople and what they told us. I hear such fantasies continue. So after watching and remembering, cry and then laugh at the truth that is being exposed.









And, if the above is not enough and you need elevated blood pressure, here is the project's brochure.

Many posts are still issues and need to be read once again. At this main hub of postings watch for new posts and updates. Please get involved by spreading the word as to the issues here. We must document all that is taking place. Many documents need retrieval and assistance is needed in getting them scanned and posted.

Monday, June 13, 2016

NEWS OPINION: Irrational exuberance for property investments

Irrational exuberance for property investments


Business World newspaper and online - June 12, 2016

"There is no property bubble, the Bangko Sentral ng Pilipinas (BSP) assures us again, as it had assured the market repeatedly since the sub-prime mortgage crisis in the US in 2006 that led to the global financial crisis in 2008-2009. It’s not going to happen to us, we are told. BusinessWorld bannered: “BSP index shows no bubble in sight” (06.06.2016)


But why would the regulator, BSP, take upon itself the dangerous job of announcing whether there would be a property bubble or not? Well and good if there is indeed no bubble, but perhaps the “good news” or the clean bill of health should not come from the trustee of the people’s money and regulator of banks as this might suggest a somewhat misplaced endorsement of the players (developers and lenders) in a specialized industry which it does not control.

With this subliminal endorsement, the “all clear” is effectively given to the public to proceed with investments in property as the logical fallback in the long-playing scenario of low savings and other investments rates -- and low interest rates have been purposely held down by the BSP itself to expand money supply to prod activity in the market. If indeed there is no property bubble (yet) as the BSP likes to announce repeatedly, its denials might encourage the “herd mentality” that best describes how bubbles are formed in a market with thinning options...."

READ ON - http://www.bworldonline.com/content.php?section=Opinion&title=irrational-exuberance-for-property-investments&id=128883

***

Previous opinion piece by this writer - http://sohocentralcondominium.blogspot.com/2013/04/why-condo-corps-fail-century-you.html
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)