a conversation between my sister and myself on sunday.
"you should get today's newspaper"
"why?"
"there's a feature on singapore property market - prices are slated to go up - hillview is undervalued. "
"slated to go up - when? why is hillview undervalued?"
"dunno - but the report says the area will go up"
"the straits times earns a lot of advertising dollars from real estate developers."
"no, i don't see any advertisements. the report is quite objective."
i did buy the sunday times and did see the "bumper" issue on real estate and found the following:
- advertisement abounds
- advice of future housing inflation doled out by "researchers" who are attached to real estate agencies
i, for more than once, doubt what i learnt in school about rational expectations.
the usual disclaimer applies: all of the above are opinions. ~exp~
1 comment:
issac newton and the south sea bubble bubble bubble heheh
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