when property price drop, for the people who are waiting for it to drop will have following but not limited to the following:
1. economy so bad that the person is out of job, afraid of the uncertainty, clinging so badly to his cash and didnt buy eventually until the economy become good again and property price go up again.
2. wait for property price drop further, because if i buy now and it continue to drop, will rugi...wait and wait and wait...

developer is running a business, the purpose of business is to make money (duh?!). flippers are also treating their flipping game as a business. they are solely responsible for their business risk. whether they get into trouble or become freaking rich, the consequence belong to them and only them.

mid income people always lose, always be the most suffering. the rich and government are both sucking them together. in case anyone has not recognize that, yes, it is a fact. mid income people choose to stay in a comfort environment, the consequence is always not enough money and time.

rich people are always making more and more money, where do u think the money come from? answer, middle class

This post has been edited by property101: Jun 2 2011, 11:54 AM

if economy so bad till many rakyat out of job
who'll get the most impact ? a person without a house.. or a flipper/investor with alot of unit ?
if they still dun want to buy props.. then we got nothing to say to him already.. go rent for whole life la.. and stop complaining..

yeah they can wait for props to drop further.. but they have to make up a point like
currently the props is 500k.. it starts to drop to 450k
decide now! how much u're expecting to drop.. let say 420k [lets be realistic] duno expect it to drop till 200k
if let say it drop till 430k.. then next month it jump back to 460k [u still wait meh ? already start climbing]

now 460k u buy.. still untung from 500k initial price what.. if he still wait then..... just tell him to wait lur ~ their fault already what ~

the question should not limited to the price of the prop, but the "willing" to buy the piece of prop...even drop below RM400k also still not buyer.. this case could happen.. who know. 2012 -2016 the world economic will be uncertain... directionless.. Fuel hike is main concern...

yeah.. fuel hike is the main concern.. few more years will be 'no more subsidy'
let see how gomen going to use the money .. hopefully it'll prosper msia..

I view rent is not a bad idea after all.
Personally I don't see why must buy a house. My priority is a place that call home, that's enough.
Whether I own, I rent is always secondary.
Yes, owning is the best, but it is not a must for me.

The main priority is the property can be sold or not.
There are properties sitting there, waiting 6 months, 1 year, some even more, there is no buyer turn out.
The most fear is no buyer aka some properties that little buyers show interest, even your slash price 10%, 20%.
Some properties especially wrong location shoplots, you can find zero buyer one.

---

Added on June 2, 2011, 1:52 pmGov doesn't have extra money when cutting subsidy, it reduces the deficit, so that the financial is more manageable and sustainable.
It is not the like cut subsidy then gov has extra few billions.

This post has been edited by cherroy: Jun 2 2011, 01:52 PM

for me, i kenot rent for whole life lur ~ one thing i can think of is i rent the whole place, then i buy all my stuff needed.. after 5~10 years the landlord say "i'm going to sell out the unit.. u have to move in xx month later "
troublesome for me to move my stuff [bed, fridge etc etc]
aha.. diff ppl diff needs ~
oh oh.. gov will have extra few billions thru out the year its like this year i suppose to subsidy 5 bil per year.. i cut it to 3 bil subsidy.. for 1 year i got 2bil more to do other stuff

Hi lucerne,

I honestly would prefer the economy to continue growing at a steady and realistic rate.
That's the ideal but how possible to achieve, i cannot say.

Both your scenario's seem to be based on "must either Win OR Lose" mentality.
I hope the middle path can prevail.
In this case, it will allow people to earn and buy what they can afford.
People who have bought properties can still earn a decent ROI.

There is no way to make things back to the way they were (RM0.10 for a bowl of noodles).
Change is inevitable.
Lets just hope that the change will come gradually and not just suddenly show up and slap you in the face (like the 2 scenarios you suggested)

precisely!
I would like to share a joke here:
世上有两件事很难：
一是把自己的思想装进别人的脑袋。
二是把别人的钱装进自己的口袋。
前者成功的叫老师。
后者成功的叫老板。
两者都成功了的叫老婆。
两者都做反的是老公。


A brief translation for those inter
ested:

Two things in life that are difficult to achieve:-

1. to plant your idea in someone's head

2. to plant someone's money in your own pocket.



o He who succeeds in the former - we call
teacher; ... Lao Shi

o He who succeeds with the latter - we call boss.
..... Lao Ban

o The one who succeeds in both - we call wife; .... Lao
Por

o The one who fails in both - we call husband.
..... Lao Gong

Cheers...

interesting, so u fall under which category? coz I dun see u posting topics abt no. 1 nor 2
majority forumers dream of prop price falling, means I did not successfully plant idea into anyone's head

with today fast changes (due to advance technologies, internet, borderless era, globalization trade?) , the economy cycle will become shorter. so i think the future outcomes will be more drastic compare to those 20,30 years ago. the rich poor gap will become wider. Only the smarter people will survived (not veyr rich though), and the poors will suffered more. so one need to be very careful in their investment and money management. u cant expect the same as 20-30 years ago.

personally i think those people with good financial knowledge will be survived. u need to open up your mindset, think global. sharpen your investment knowledge. like one said dun become katak di bawah tempurung. those can take higher risk (calculated) will be rewarded. (like those tycoon.

share, commodities market become more volatile than before.
business is getting tougher, margin become thiner. (too many poors?)
new biz start failed sooner then previous. old biz cant sustain any longer.
more conmen than old days (try all new tatics to cheat u)
job opp is lesser, jobless rise. (and govt dun bother u)
your bank saving will become worthless. (fixed asset is better?)
prop market become uncertain due to too much speculation (unlike old days, stable and systematically appreciation)
so what to do? if u cant beat them jsut join them la - lets jump into prop and share lah.. see who is smarter.. or die standing..(become poorer)

Perhaps it's both ways. They go hand in hand.

The fact that individual owners are pushing the price of subsale to riddiculous price, make the developers willing to push up the price, because everybody would rather buy a new home even if it cost slightly more. This in turn makes it "appear" attractive for people to buy and invest in properties, thus justifying the price increase. And those who bought this props for investment, tends to markup their subsale value to gain a profit which was their original intention.

The vicious cycle continues.

It's not we're getting richer, it's the denomination getting bigger. The only question is, whether we are part of the game and catching up, or we're on the way side, being left behind. Not all the players win by the way.

I live in a rent house for >25 years.

Some landlord are good, some are not, so it depends.

Rent, means you have no high commitment, can have extra cashflow doing others things.

Gov budget is already in deficit, reduce subsidy means reduce deficit, which in turn gov doesn't need to borrow to fund the deficit.
It just mean no further borrowing needed, it doesn't mean there is more money popping up.

If the denomination required for purchasing becomes higher, but our salary retains, what happens? The economy bursts.

i am neither 1 or 2 coz i m still single mah, haha
since i m a man so risk to become a loser (lao gong= husband), so dun marry is better??
i hope i am a gal, got chance to become the ultimate winner..

ohh is it ? our gomen borrow money to give subsidy oh.. now oni i know...

Personal update, as promised. Family finally confirmed buying a home. going through paper work now. My name is not in it. Objective achieved, more living space for myself, and future family. I'm not a speculator.

bro congrats !
u mean family buy a home which ur name is not in there ? who's gonna pay for the monthly installment ?

*cough* This is what is called FAMA money. I will help around abit when it's completed, probably some furniture, renovation, pay the bills etc.

I'm still going to be tight, even though I'm not directly involved.

If the price continue to fluctuate, how many generations can FAMA money last really?

I know when it's my kids time to complain, I might not have anything to give them.


Thank You finally some leg room I could stretch into. Though further from workplace.

This post has been edited by TheDoer: Jun 2 2011, 03:51 PM

Haha, right on on the last line.
Jumping soon

In a lawless world, given a choice, fight and gain loot, or die as a victim, I rather be the later. It's a start, for a better society.

This post has been edited by TheDoer: Jun 2 2011, 04:05 PM