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

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Bobby C
post May 25 2011, 04:42 PM

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QUOTE(wankongyew @ May 25 2011, 03:56 PM)
You can't build a reliable bus system that earns money mostly from fares. That just forces bus operators to maximize their income by sticking to the most heavy volume routes only and to wait for the maximum number of passengers before moving. This also encourages drivers to be creative about their route to make more money. Instead, you need a subsidy system that rewards bus drivers for being reliable. You need a timetable such that the bus should appear at each stop on the indicated route at a specific time. You'd need some electronics to monitor all this but the idea is that bus drivers get rewarded for sticking to the schedule as closely as possible.

You probably can't build an efficient public transport system based on usage fees alone. You always need a subsidy from car users. The trade-off is that buses use the road infrastructure more efficiently so it's justifiable to tax car users more heavily on road / petrol taxes and the like to fund public transport.
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Yup, money from petrol should use to fund a good & reliable public transportation. Should have done it in the 80' not now. Anyway, no point to cry over spill milk. Now, rakyat must question what are they going to do with the saving from subsidies cutting. We dont want to hear another White Elephants or Satu Lagi RM10 bil projek that inflated to RM50 bil due to leakages. So what for ask rakyat to pay more in turn overspend using rakyat money?!

For those who takes public transport, you will understand the plight. LRT understand has improved only recently. Gave up 3 yrs ago. 4-5 yrs ago it is a norm people got fainted esp in KL Sentral due to big crowd. Took them how many donkey yrs to solve the simple problem. Problem now is there still lack of parking space. Yup you want people stay far far use public transport, where to park? Parking cost also keep increasing?

Monorail among the more reliable one. Tat too subject to criticism esp during morning and evening rush hour. How come only 2 carriages going to CBD area? Operate monorail like mini bus mindset, pack like sardine. Some time wonder if emergency happen, how to escape with the seats blocking walk way? There was a time train came late near KL Sentral, platform so pack but guards sleeping, escalators keep moving, you have to push your way right when reaching the platform. Imagine a pregnant lady got caught between a move escalator and a crowded platform. Monorail boleh!

Come to think of it if MRT were to start running, have check yourself the safety expect every time before boarding. How the design the seats(blocking walk way), whether enough escape routing and whether locked/working, ventilation working or not. 3rd world mindset trying to operate mass rapid tranport. No play play joke like PCK. You life is in their hand.

kh8668
post May 25 2011, 04:45 PM

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QUOTE(sampool @ May 25 2011, 04:38 PM)
we cannot said the prop price is drop/crash.. but is rather the economic slow down and bring down the prop price indirectly..  tongue.gif
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opps..haaha..forgive me jumping from A to C instead of A to B to C.

kekeke
22222222
post May 25 2011, 05:47 PM

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http://www.malaysiakini.com/news/165072
double7
post May 25 2011, 08:50 PM

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QUOTE(kh8668 @ May 25 2011, 04:33 PM)
so price is going to drop?  hmm.gif
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or maybe just more properties suddenly become available i.e. up for sale.. if the price doesn't drop, at least there's gonna be more selection..
Iceman74
post May 25 2011, 09:20 PM

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if there are situation push up the properies price now, i'm sure if the right situation occur, it might push it down also
kh8668
post May 25 2011, 09:27 PM

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new launches confirm will be higher in prices.

bargains maybe from subsale, but hor entry cost much more higher.

so 300k property, you need at least 50k cash standy.
CKHong
post May 25 2011, 09:30 PM

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After 2~3 years.. and all the props finish build.. will overload .. don't think so many kampung ppl will migrate to kl.. high income county cannot be achieve within few years..

QUOTE(kh8668 @ May 25 2011, 09:27 PM)
new launches confirm will be higher in prices.

bargains maybe from subsale, but hor entry cost much more higher.

so 300k property, you need at least 50k cash standy.
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If one is forced to sell those properties(cannot tahan already the loan repayments) .. he won't be demanding the price higher than market value..but 50k is really need for all those fees and snp fees..
At least it won't be like the situation I'm having now.. at least need to fork out 80~100k

This post has been edited by CKHong: May 25 2011, 09:37 PM
kh8668
post May 25 2011, 09:43 PM

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QUOTE(CKHong @ May 25 2011, 09:30 PM)
After 2~3 years.. and all the props finish build.. will overload .. don't think so many kampung ppl will migrate to kl.. high income county cannot be achieve within few years..
If one is forced to sell those properties(cannot tahan already the loan repayments) .. he won't be demanding the price higher than market value..but 50k is really need for all those fees and snp fees..
At least it won't be like the situation I'm having now.. at least need to fork out 80~100k
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lol....

easy money easy goes

you earn from others, sure others will demand it back from you.

that'y new launches now so easy to sell... tongue.gif
CKHong
post May 25 2011, 09:46 PM

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Yeah.. now new launch is so easy to sell mainly because overpriced subsale..
AVFAN
post May 25 2011, 09:54 PM

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QUOTE(CKHong @ May 25 2011, 09:46 PM)
Yeah.. now new launch is so easy to sell mainly because overpriced subsale..
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it's the other way round - high prices for new encourage subsellers to price high. developers drive prices, not individual owners.

notice all the big boys now launching the most expensive props? maybe they know bnm will soon unleash some serious tightening?

This post has been edited by AVFAN: May 25 2011, 09:56 PM
interferens
post May 26 2011, 08:27 AM

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i have followed this tread since 2008, many said that property price will goes down next year...until now, the price still up up and up
Nepo
post May 26 2011, 09:13 AM

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QUOTE(interferens @ May 26 2011, 08:27 AM)
i have followed this tread since 2008, many said that property price will goes down next year...until now, the price still up up and up
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Look like the trend is not likely to change, unless big issue happen....

1). US panic 2008 crisis---> not affected property price
2) Europe economic problems 2009/2010/2011--->not affected property price
3) Japan earthquate 2011 -----> not affected property price

Anymore big issues haven't encountered...

Looking forward in Bolehland:-
1) Subsidy cut, so inflation has risen
2) GST is waiting for us

Property price...... sad.gif


kh8668
post May 26 2011, 09:39 AM

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new Car Price e.g Proton Saga 1.6 also selling 46k liao....car price up, new property price sure up also, right...kekeke
CKHong
post May 26 2011, 09:43 AM

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another one is major issue...
2012 [the movie]
smile.gif


QUOTE(kh8668 @ May 26 2011, 09:39 AM)
new Car Price e.g Proton Saga 1.6 also selling 46k liao....car price up, new property price sure up also, right...kekeke
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I hope bolehland stop promoting Potong car..
reduce tax for imported car.. damn.. if without tax.. i can get decent car with nice price.. not so much problem.. rosak sini rosak sana..

This post has been edited by CKHong: May 26 2011, 09:45 AM
Iceman74
post May 26 2011, 09:58 AM

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QUOTE(kh8668 @ May 26 2011, 09:39 AM)
new Car Price e.g Proton Saga 1.6 also selling 46k liao....car price up, new property price sure up also, right...kekeke
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hahaha...but the problem is the purchasing power is shrinking, there will have a time that all the real housebuyers fed up, give up hope & stop purchasing entirely.
thk38
post May 26 2011, 10:09 AM

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Overhere in SABAH, property developer gone crazy building commercial shoplets even in small town (due to palm oil boom).. Use to be only 30++ shoplet now suddenly wanna to add another 150++ unit. Units being snap up/book before its been advertised (even booking also long queue) Local businessman said business already very competitive and now more shop, not sure how the market gonna absorb the extra capacity.

Most of the speculator are buying for capital gain, not much into rental yield which is the most dangerous part of the game. When the property in USA collapse, some of the property not affected because they provided constant "CASH FLOW" even in most distress market. Some of the property price sink because there is no market for it yet.


Added on May 26, 2011, 10:43 am
QUOTE(Nepo @ May 26 2011, 09:13 AM)
Look like the trend is not likely to change, unless big issue happen....

1). US panic 2008 crisis---> not affected property price
2) Europe economic problems 2009/2010/2011--->not affected property price
3) Japan earthquate 2011 -----> not affected property price

Anymore big issues haven't encountered...

Looking forward in Bolehland:-
1) Subsidy cut, so inflation has risen
2) GST is waiting for us

Property price...... sad.gif
*
Most likely because interest rate had been kept low over the year, monthly loan still relatively affordable (within reaches of many, RM200,000++ loan only RM1500++ monthly repayment over 30 year period)

Not until inflation/hyperinflation kick in, then interest rate will most likely increase. And not all properties price will be affected as long as economic is booming in some part of the country. Only when there is significant of foreclosure which as a result of home owner/speculator who was unable to service their loan, then there will be a drop in property price (depends of the rate of foreclosure)..

Properties price goes up and surely down, it happen worldwide and it will happen again, and again, and again...

This post has been edited by thk38: May 26 2011, 10:43 AM
Gensuper
post May 26 2011, 12:53 PM

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QUOTE(thk38 @ May 26 2011, 10:09 AM)
Overhere in SABAH, property developer gone crazy building commercial shoplets even in small town (due to palm oil boom).. Use to be only 30++ shoplet now suddenly wanna to add another 150++ unit. Units being snap up/book before its been advertised (even booking also long queue) Local businessman said business already very competitive and now more shop, not sure how the market gonna absorb the extra capacity.

Most of the speculator are buying for capital gain, not much into rental yield which is the most dangerous part of the game. When the property in USA collapse, some of the property not affected because they provided constant "CASH FLOW" even in most distress market. Some of the property price sink because there is no market for it yet.


Added on May 26, 2011, 10:43 am
Most likely because interest rate had been kept low over the year, monthly loan still relatively affordable (within reaches of many, RM200,000++ loan only RM1500++ monthly repayment over 30 year period)

Not until inflation/hyperinflation kick in, then interest rate will most likely increase. And not all properties price will be affected as long as economic is booming in some part of the country. Only when there is significant of foreclosure which as a result of home owner/speculator who was unable to service their loan, then there will be a drop in property price (depends of the rate of foreclosure)..

Properties price goes up and surely down, it happen worldwide and it will happen again, and again, and again...
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Sori....im newbie......its properties reli go down??? worldwide??? can share where? when? after going down it wil be going up back rite jus matter of time????
CKHong
post May 26 2011, 02:00 PM

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QUOTE(Gensuper @ May 26 2011, 12:53 PM)
Sori....im newbie......its properties reli go down??? worldwide??? can share where? when? after going down it wil be going up back rite jus matter of time????
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nobody know when.. smile.gif all are just guessing smile.gif based on what we've observe for the past few years..
Gensuper
post May 26 2011, 02:49 PM

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QUOTE(CKHong @ May 26 2011, 02:00 PM)
nobody know when..  smile.gif all are just guessing smile.gif based on what we've observe for the past few years..
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thk38 said......."Properties price goes up and surely down, it happen worldwide and it will happen again, and again, and again..."


So i jus curious......
sulifeisgreat
post May 26 2011, 05:21 PM

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SURE BOH now alredi middle of year 2011 & the thread title is misleading biggrin.gif

I was busy & no time to do mocking. hehe.. busy liquidating some equities & pumping into properties icon_idea.gif
its good to reapportion capital regularly & dun just leave the equities for cucu benefit laugh.gif

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