Hoping that gilleshk has finally found other threads and won't come back, I wonder if I can revive the old question. What do people think the problematic economic climate (in particular inflation, a shift towards the China as the world's economic superpower, Greece defaulting, huge debts in USA and Europe, etc.) in the next few years will do to Hong Kong properties?
In the grand scheme of things, with the US being heavily indebted, Europe being heavily indebted and probably Greece defaulting in a couple of year, economic problems in Europe and USA that don't seem to abate, a slowing economy in China, inflation in a couple of years accompanied with higher interest rates, etc. etc.....
... what do you think the price of housing will be like during the next 5 years (if there is no unforseen event, like SARS)? Will it generally go up, or down, or stay more or less the same?