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Financial Are property prices going to drop? V2, The heated debate continues

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kpc007
post Apr 27 2011, 10:51 PM

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QUOTE(Veda @ Apr 27 2011, 09:01 PM)
I'll also like to point out that to get a "comfortable" salary in Malaysia, a graduate needs to job hop quite a few times, and/or work for a profitable company that is willing to reward performance.
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Agree with Veda. Especially if u job hop to overseas and hop back.
wu ming
post Apr 27 2011, 11:21 PM

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My colleague who is into property investing advises me to buy a property now!
If no money also take loan and buy because price of property will go up soon.
Got cash money put them all into property. Ah, worth it to follow? rclxub.gif
lch78
post Apr 27 2011, 11:36 PM

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QUOTE(wu ming @ Apr 28 2011, 12:21 AM)
My colleague who is into property investing advises me to buy a property now!
If no money also take loan and buy because price of property will go up soon.
Got cash money put them all into property. Ah, worth it to follow? rclxub.gif
*
For own stay, you can buy as long as you afford to pay the installment and the initial down payment. But don't put all your cash into property....Spread your risk.
Beth79
post Apr 27 2011, 11:43 PM

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QUOTE(property101 @ Apr 27 2011, 08:48 PM)
our job market has changed so much, 20 years ago, a degree qualification belongs to someone who study really really hard
today, a degree is a norm, something that people expect you to have by default. not long ago, i was talking to my colleague, he was asking me when i am i going to get a master, as if it is something perfectly normal to do, something everyone is expected to have - but the fact is i have not even complete my degree  tongue.gif
in the next 20 years, i foresee having a degree would be as normal as completing SPM

back to your 5 years working experience girl, i believe this really comes down to how much the person have the passion to improve himself. i know people who assume upon completing degree, he already knows all that he needs to know. the person has no intention to further educate himself. as some gurus said, you are either growing or dying, there is no standing still. the grad you mentioned might have the appropriate skill to enter job market 5 years back, but unfortunately she chosen not to further growing, therefore she is lacking behind the job market. this has a lot to do with the mentality rather than the education she received.

example here: assume there are 2 IT graduate, upon graduation, one decided to work in a small china man style company doing non IT related work (perhaps admin work) for salary RM1500/month, life is easy. another started to work in cutting edge IT firm, salary RM1500/month also, tasks are very challenging, life is hard. 5 years down the road, assuming both these graduate didnt change job, the first graduate work in a small firm has been promoted to be a supervisor with salary rm3000, while second graduate worked in IT firm might be earning rm5000. the bigger picture here is that although they both are university graduate, their skill set are totally different now. one's skill is way more valuable than another. and most interestingly is the person who worked in a small firm with admin work has wasted the skilled he acquired during his university time, he is merely 5 years more experienced (in a specific industry) compare to a fresh SPM graduate. while another grad who took the harder route initially leverage on his education that potentially lead him to soar.

in the job market today, instead of hiring the person with a good paper qualification and impressive number of working experience years, i would rather hire the person with the correct mentality for the productivity.
*
Agreed. I have another girl in my team, spm grad. I think she's much better than the uni grads. She cares about her job and she is always willing to learn. She self learned word and excel. She does profit projections charts for us and sends us monthly updates on our progress. Mind you, this is not within her job scope nor is it something my boss expects her to do. Needless to say despite being less "educated", she earns much more than the uni grads and she is much more respected than the rest of them. When she resigned my boss hiked up her pay by telling the management that if she leaves, he will retire. I need to find more people like that. Unfortunately they are so rare now days sad.gif


Added on April 27, 2011, 11:50 pm
QUOTE(lch78 @ Apr 27 2011, 11:36 PM)
For own stay, you can buy as long as you afford to pay the installment and the initial down payment. But don't put all your cash into property....Spread your risk.
*
Ya, "all your cash" sounds dangerous. Buy reasonably. Make sure you have a safety net fund just in case you can't rent out/ BLR goes up. If you are a small time worker like me, be careful, any change to job status will substantially change your risk absorption.

This post has been edited by Beth79: Apr 27 2011, 11:50 PM
kochin
post Apr 28 2011, 09:25 AM

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QUOTE(Beth79 @ Apr 27 2011, 11:43 PM)
Agreed. I have another girl in my team, spm grad. I think she's much better than the uni grads. She cares about her job and she is always willing to learn. She self learned word and excel. She does profit projections charts for us and sends us monthly updates on our progress. Mind you, this is not within her job scope nor is it something my boss expects her to do. Needless to say despite being less "educated", she earns much more than the uni grads and she is much more respected than the rest of them. When she resigned my boss hiked up her pay by telling the management that if she leaves, he will retire. I need to find more people like that. Unfortunately they are so rare now days sad.gif
me! me! me! tongue.gif
CKHong
post Apr 28 2011, 09:35 AM

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QUOTE(kochin @ Apr 28 2011, 09:25 AM)
me! me! me! tongue.gif
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u always appear so fast in lowyat.. u wasted most of ur time here.. so definitely not u
tongue.gif
TheDoer
post Apr 28 2011, 10:42 AM

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QUOTE(Veda @ Apr 27 2011, 09:01 PM)
I'll also like to point out that to get a "comfortable" salary in Malaysia, a graduate needs to job hop quite a few times, and/or work for a profitable company that is willing to reward performance.
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Out of topic: I would like to point out that Job hop, helps neither the company nor the economy. Should we instead encourage, companies to pay us more without job hopping?
HaoYuan
post Apr 28 2011, 10:46 AM

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QUOTE(wu ming @ Apr 27 2011, 11:21 PM)
My colleague who is into property investing advises me to buy a property now!
If no money also take loan and buy because price of property will go up soon.
Got cash money put them all into property. Ah, worth it to follow? rclxub.gif
*
yeah, i also feel that the property price will keep on going up, i also decide to put all my savings to the property, i dun think property price will drop for the next 5 years, as the MRT will be competed 5 years later, even it is drop, just stay urself la, since u are not decide to sold it off
it.fusion
post Apr 28 2011, 10:53 AM

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change the govt... drop the housing price smile.gif
KLsooner
post Apr 28 2011, 11:03 AM

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QUOTE(HaoYuan @ Apr 28 2011, 10:46 AM)
yeah, i also feel that the property price will keep on going up,  i also decide to put all my savings to the property, i dun think property price will drop for the next 5 years, as the MRT will be competed 5 years later, even it is drop, just stay urself la, since u are not decide to sold it off
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If you own more than 2 prop, how to stay yourself? You think people now only buy 1 property?

People always said, when you hear auntie, uncle talks about share market in kopitiam and pasar, it is time to RUN. If the same theory apply to property, it is time to RUN now. I have never seen so many new launching in the past 2 years than any time in the history.


HaoYuan
post Apr 28 2011, 11:08 AM

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QUOTE(KLsooner @ Apr 28 2011, 11:03 AM)
If you own more than 2 prop, how to stay yourself? You think people now only buy 1 property?

People always said, when you hear auntie, uncle talks about share market in kopitiam and pasar, it is time to RUN. If the same theory apply to property, it is time to RUN now. I have never seen so many new launching in the past 2 years than any time in the history.
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if u own more than u, just rent it out la, my condo in Suriamas, Bandar Sunway, easily rent out at 2.5k per month, and my installment is only 1.4k + maintenance fees (RM200), every month i net gain 900 for me to use and i havent take into account my capital gain as the property price goes up every year
macyhouse
post Apr 28 2011, 11:19 AM

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QUOTE(KLsooner @ Apr 28 2011, 11:03 AM)
I have never seen so many new launching in the past 2 years than any time in the history.
this i concur ... and mostly are dense condo units ... but supply issue will only impact after a few years cry.gif
and there's no white elephant yet so ... finger cross ... market still leveling now ...

This post has been edited by macyhouse: Apr 28 2011, 11:20 AM
HaoYuan
post Apr 28 2011, 11:20 AM

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QUOTE(macyhouse @ Apr 28 2011, 11:19 AM)
this i concur ... and mostly are dense condo units ... but supply issue will only impact after a few years  cry.gif
and there's no white elephant yet so ... finger cross ... market still leveling now ...
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i think the market currently demand is more than supply
macyhouse
post Apr 28 2011, 11:48 AM

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QUOTE(HaoYuan @ Apr 28 2011, 11:20 AM)
i think the market currently demand is more than supply
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user posted image

shouldn't this be fully sold by now then
22222222
post Apr 28 2011, 11:51 AM

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QUOTE(HaoYuan @ Apr 28 2011, 10:46 AM)
yeah, i also feel that the property price will keep on going up,  i also decide to put all my savings to the property, i dun think property price will drop for the next 5 years, as the MRT will be competed 5 years later, even it is drop, just stay urself la, since u are not decide to sold it off
*
Dun do like that you will feel very "pain', when unexpected situation happen to you/ur family. i went through b4.....save some bullet for raining day.

Yes, i agreed that for own stay there is no good or bad time to enter the property market, because u r not intended to sell...even the "sky" drop ...oni paper lost....& wt this face sad.gif ...but eventually it doesn't impact u at all.....your life+sytle still go on and wait 4 another 10 year (Chai Kow said) , the property price will come back hike another history high.

For "my personal" tongue.gif investment theory, always use the min cost to max profit. Since the interest rate go down to as low as 3.9%, if possible to max your housing loan to the extend cover your lawyer fee as well (if possible) biggrin.gif . Use the money your r save from there go to investment another high return tool in the market.

Eg.
If your r not a risk taker, go for Sukur, bond or ASN...which is normally year return > 5%
If your r risk taker, u can play in Mutual fund, share market, Future or currencies trading.....which is normally 8-30%/year return....
IF YOUR R BIG2 RISK TAKER....U CAN GO TO VISIT UNCLE LIM TO DOUBLE YOUR CAPITAL.... drool.gif

I believe if your r careful in your "investment", definitely your return much2 > interest rate your pay for bank.

Jz 2cons comment... biggrin.gif


SUSUFO-ET
post Apr 28 2011, 11:56 AM

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QUOTE(property101 @ Apr 27 2011, 08:48 PM)
our job market has changed so much, 20 years ago, a degree qualification belongs to someone who study really really hard
today, a degree is a norm, something that people expect you to have by default. not long ago, i was talking to my colleague, he was asking me when i am i going to get a master, as if it is something perfectly normal to do, something everyone is expected to have - but the fact is i have not even complete my degree  tongue.gif
in the next 20 years, i foresee having a degree would be as normal as completing SPM

back to your 5 years working experience girl, i believe this really comes down to how much the person have the passion to improve himself. i know people who assume upon completing degree, he already knows all that he needs to know. the person has no intention to further educate himself. as some gurus said, you are either growing or dying, there is no standing still. the grad you mentioned might have the appropriate skill to enter job market 5 years back, but unfortunately she chosen not to further growing, therefore she is lacking behind the job market. this has a lot to do with the mentality rather than the education she received.

example here: assume there are 2 IT graduate, upon graduation, one decided to work in a small china man style company doing non IT related work (perhaps admin work) for salary RM1500/month, life is easy. another started to work in cutting edge IT firm, salary RM1500/month also, tasks are very challenging, life is hard. 5 years down the road, assuming both these graduate didnt change job, the first graduate work in a small firm has been promoted to be a supervisor with salary rm3000, while second graduate worked in IT firm might be earning rm5000. the bigger picture here is that although they both are university graduate, their skill set are totally different now. one's skill is way more valuable than another. and most interestingly is the person who worked in a small firm with admin work has wasted the skilled he acquired during his university time, he is merely 5 years more experienced (in a specific industry) compare to a fresh SPM graduate. while another grad who took the harder route initially leverage on his education that potentially lead him to soar.

in the job market today, instead of hiring the person with a good paper qualification and impressive number of working experience years, i would rather hire the person with the correct mentality for the productivity.
*
Well said!

My fren who started his trading business 10 yrs ago told me his experience hiring staff, at 1st he was very careful in choosing the candidates based on the qualifications, after so many years , many are under performed. And now, he cares for one thing only, he asks the candidate "wat's is yr family background? are you coming fr a poor family?" if the answer yes, mostly he hire although finish Form 3 only.
He claims that 70% of graduates have attitude problem
22222222
post Apr 28 2011, 12:01 PM

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QUOTE(UFO-ET @ Apr 28 2011, 11:56 AM)
Well said!

My fren who started his trading business 10 yrs ago told me his experience hiring staff, at 1st he was very careful in choosing the candidates based on the qualifications, after so many years , many are under performed. And now, he cares for one thing only, he asks the candidate "wat's is yr family background? are you coming fr a poor family?" if the answer yes, mostly he hire although finish Form 3 only.
He claims that 70% of graduates have attitude problem
*
Hire...hire me.....i am darjah enam oni...wt poor family...... rclxm9.gif
clio571
post Apr 28 2011, 02:52 PM

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Is demand for small unit (200-400 psf) high in Damansara, PJ and KL area? A lot developers are introducing such units to market. A bit doubt it can easily rent it out with high entry price....
sampool
post Apr 28 2011, 02:59 PM

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QUOTE(clio571 @ Apr 28 2011, 03:52 PM)
Is demand for small unit (200-400 psf) high in Damansara, PJ and KL area? A lot developers are introducing such units to market. A bit doubt it can easily rent it out with high entry price....
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the quality of human will be downgraded... it will be worse then ppl who staying in hk then with smallest space...
cherroy
post Apr 28 2011, 03:43 PM

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QUOTE(sampool @ Apr 28 2011, 02:59 PM)
the quality of human will be downgraded... it will be worse then ppl who staying in hk then with smallest space...
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400-500 sq is normal size in HK.
Unlike here people already complain 700ft is small.

HK properties is even cannot breath for medium to lower income earner.

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