To think that the future property market won't perform as well as it has previously?

[flashbac]

Seeing posts telling OPs to keep property as it will increase in value like the property they bought in the 90s did. I think that ship has sailed now that everyone knows about it. Plus, being a (good) landlord is not as easy as people make out.
But what do I know!

@invisiblecats in Singapore, no one thinks government housing is a handout because it is built for the poor, the middle income and to a certain extent the rich (the ones who choose to invest their money in other things or who buy the executive condos). 85% of the population live in government housing- it ranges from tiny 1 room rental flats at a few dollars nominal rent a month to the most common dwelling (4/5 room flat with 3 bedrooms and 1000 square feet) and also executive condos (includes swimming pool, tennis court and karaoke room but sold according to government housing affordability criteria). The key is that if the average person thought they could also benefit from it, they would also support it and it would also help enhance the neighborhood to have some middle class people living in it (who are more likely to push for improvements etc). I can see a successful council estate with mainly rental units for the poor but having a certain percentage of owner occupied housing where a middle earner can pay a cheaper price to live in (with the caveat he cannot rent it out or can only sell to the middle earner). m.youtube.com/watch?v=3dBaEo4QplQ

@invisiblecats also over 90% home ownership in Singapore despite Being a country with the highest population density in the world

I wish it would but unfortunately don’t think it will as everyone seems to keep being able to come up with the money every time the prices rise !!
Of a friendship group of 25, me and my OH are the only ones who haven’t had any financial help to buy (and still can’t afford to!). Everyone else has been given huge amounts of help mainly through inheritance or a few when their parents have downsized. So I think home ownership will continue to depend on how much money your family can afford to give you rather than salaries etc.

I was saying something similar to my partner about the houses on my mother's street. They're worth 5 times what my parents paid in the early 90s, so the families that moved in back then can afford to add extensions, conservatories and convert the attic etc because even if it doesn't add much value the house is still worth so much more than they initially paid. Anyone who bought more recently would make profit if they sold now but it wouldn't be many multiples of what they've paid and any additions may not be worth it as they may not make the money back.

I think property is a good investment and will hold its value but I genuinely hope that prices don't climb to the same extent they've done in the past.