for those who hav step into prop. soon u will learn abt greed when comparing agst ur miniscule interest rate savings in fd. then join me at the dark side & become speculator

also, we live in a realistic world. its better to use the time & generate idea on how to tackle the issue on hand
rather than daydream for a bygone era

since lucerne still single, u may not hav gone thru 1997 asia crisis, pick any topic u like eg 8.3
for those who so like a recession, refer 1.1 on unemployment
http://www.treasury.gov.my/index.php?optio...mid=174&lang=en

as an example, select public growth fund & tick since commencement till end-date. learn compounding & a bit of timing
http://www.publicmutual.com.my/application...formancenw.aspx

there r lots of graph here, most its pointing upwards. it maybe outdated but its a true fact price r up & not involve hope
http://ynhb.listedcompany.com/misc/ar/YNH_...JPmorgan%29.pdf

Market is behaving exactly like in the US or worse! This can only end badly....when you see Da Men selling twice the price of surrounding properties around and snapped up, Sunway Velocity 800-900psft, KD offices 700+psft and sold out, its just going to end badly when they realize no1 will rent the units at the prices they are looking for. We got tonnes of people with no cash but taking huge loans and leveraging themselves up as much as they can. People are taking loans up to 80% of gross income! I am very afraid of what will happen inevitably...after the crash...the market will be dead for the next 5-10 years like in 97.

i see some people who were bullish about property market have given in and bought one?

This post has been edited by property101: Jun 2 2011, 07:44 PM

三是使别人愿意把钱送进自己的口袋。
这人成功的叫老千。

but wait....gf / wife fall into this group also?

i bought new props.. i'm expecting correction for subsale ... not new dev.. hehe..

While I agree with much of what you have written, I am not sure on the last line.

From my personal observation, resale property asking prices in prime areas have stagnated in the past few months, partly because of "crazy" asking prices (for example, a number of sellers are asking for 60+% more than the selling price in second half of 2009 - I know because I bought one unit in that area). Even my bullish colleagues are commenting asking prices are fast going "bonkers", they are seasoned property investors who own a number of properties with years of investing experience.

All I can say is that property prices (in June 2011) in some parts of KL have gone up too much and too fast...due to convergence of low interest rates, ample liquidity and inflationary pressure (such as higher building materials cost). The question is: IF you jump in now, are you going near the top of this cycle? No one knows...my two cents is that upside is limited for this cycle from now. We should get a clearer picture by first half of 2012. (P.s. I am not buying now but I am already vested in some properties with minimal gearing)

This post has been edited by chabalang: Jun 2 2011, 09:51 PM

as i said b4, i dun want my $ become worthless due to inflation, GST etc and it is also reported by EIU today that for next 5 years the inflation will beocme higher not any lower. so the only way for me is to invest in prop. (I dont invest in share coz i dun have time to monitor stock market). it is up to your stretegy to preserve or grow your $. I know my salary will not grow as fast as investments, so i rather to take some calculated risk to invest in good prop. i dun care if the prop will drop or not, i m looking for long term, for retirement.
http://www.themalaysianinsider.com/malaysi...inflation-pain/

when someone or org is come out the data to support the economic/investment still in good sharp.. u must be very careful, this happen too in year 2006-2007 (as well as 1996, before end of 1997) when the market crash in sudden end of 2008, everyone is crying and wanted $$ back guarantee for their hard earn $$. Data is miss leading... Must see the trend movement in bigger picture under globalisation...

but i think in long term the prop price will climb to a new height again eventually.. this is quite true for developing economy/country..

yr new prop will become subsale on VP..he he

i buy for own stay woh..

Then it is time to pick them up no? Just like stock market, end of the day, the rich will be richer, the middle will be pushed to lower class. This is how capatalism works.

My aunt stays in the USA. Shes thinking to get one for investment. Bloody cheap off 50-70% depending on area. And I briefly remembered an ad last week you can invest and buy a condo facing the lake in Florida for only 100k+ usd. Something like mirage in the lake.

long term not need to say loh... 5 yrs, 10 yrs or longer hehe...
ppl later on will talk about next weeks or next months wat happen later loh... Changing of economic is fast...and very fast...





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http://www.malaysiakini.com/letters/165857

This post has been edited by sampool: Jun 3 2011, 08:33 AM

You get them after the crash, not right before the crash! Otherwise you'll see your property drop 50% from the peak! And I suspect we'll see that here, with all these 600-1000psft properties in locations where the subsale properties are going at half the price!

Oh sorry I was referring to after the crash. Now property in the US is so attractive even ppl in Malaysia can call it cheap

prop 100k and below dun hv much correction (max 10%)... out ringgit is stronger... it is still consider OK. But, many things still need to consider..

and yet some will claim "bolehland props is freakin cheap for foreigners"
already got news saying that foreigners buying our props is around 10% of total props in msia..

Im not sure property price will drop or not.But after reading this news,i think new property wont be cheap too.
Electricity tariff hike to hit millers http://bit.ly/kAfvnt

yup, it sure will. I believe it is not just about buying low and selling high. it's also about identifying what's higher but can climb higher too.

location, location, location!