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

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sampool
post Jun 13 2011, 01:50 PM

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Roubini Says ‘Perfect Storm’ May Threaten Global Economy - June 13, 2011 - BusinessWeek.com: A ?perfect storm? of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professo ...

China’s Lending Is Below Analyst Estimates as Economy Cools - June 13, 2011 - BusinessWeek.com: China?s lending was less than analysts forecast in May and money supply grew at the slowest pace since 2008, adding to signs that the world?s second-biggest economy is cooling.

Hong Kong Home Sales Tumble After HKMA Raises Down Payments - June 13, 2011 - BusinessWeek.com: Sales at 10 of Hong Kong?s biggest private residential developments fell 58 percent at the weekend from a week earlier after the government raised minimum down payments and deposit ...


read quick link at jtmw news
logen33
post Jun 13 2011, 09:24 PM

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Youngsters going crazy with "NO Money Down" property investment tactics !!! I think property bubble in creation... will be coming soon!

http://www.facebook.com/pages/Get-Started-...EN/198036411714
sampool
post Jun 13 2011, 09:58 PM

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QUOTE(logen33 @ Jun 13 2011, 10:24 PM)
Youngsters going crazy with "NO Money Down" property investment tactics !!! I think property bubble in creation... will be coming soon!

http://www.facebook.com/pages/Get-Started-...EN/198036411714
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There is no free lunch in this world...
vanillasky91
post Jun 14 2011, 07:47 AM

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QUOTE(Bobby C @ Jun 13 2011, 01:24 PM)
For young talent like you who major in finance, the only advise that can think of is Sg, HK & China. It's a pity looking at wats available in the local market. No point wasting your precious time follow the local 'rat race' chasing small little kosong pie. Sg, HK & China are financial hubs and many MNCs set up their HQs there. What is My? Hub of tongkat, BS, cakap kosong, politicking, racist fanatics, BN/PR blah blah all tons of rubbish.

Wat you need is to build up a good resume ie joining well established company, even salary could be lower but reputation and relevant experience count in the end. Sky is the limit for those in finance/accounting in Sg, HK & China. It is mind bogging to hear the remunerations of those in finance and banking sector. Those early 30+ achieve 5 figures is nothing unless you are taking abt multiple 5 figures.

Friend of mine a CFO mentioned for those high flyers, their track record was very important. When you are freshies, people will look at consistency of your education achievements up to secondary. When you have experience, work experience counts. Tat's incl the companies that you joint, relevant job scope/experience etc.

Thereafter, after achieving some good track record overseas, then consider returning, pending whether Idris Jala is correct whether country will bankrupt by 2019, Ibrahim Ali and bunch of BS still around etc.

In My, to make real money, only alternative is business/right investments. Rich under employment, probably top 1-3% in the co plus restriction of NEP tons of BS restrict your growth. Things diff in SG, HK and China.

A lot of us, yup we may start early in monopoly game, but many are stuck in sunset industries, red ocean industries etc. Tat's why many resort to property investments as passive income. If only we can turn back time and join the blue ocean industries, oh well. Freshies should be very care what industry they are joining, even what books to study in uni. Study wrong books, opps, like many others with great results but salary not amazing. Again, study and work is different. Like friend of mine the SPM graduated businessman, looking at the way he negotiates, understanding of the market supply/demand, knowing how to work within the laws, rules, restriction and getting things approved, can even put a a PHD to shame.

Our generation X those in IT, telecom, account doing better than docs, engineers and lawyers. Don't know abt generation Y.

Another thing, don't believe too much those ETP, AP whatever. How are you so sure they will boost future property price? Let them prove first. Already enough white elephants and cock happening during the Legendary Old Man era, same pattern happening today. First of all, they are not sincere enough. Talk about ETP but you have Edu Minister than screw our education, cow head/bull head party going around, IA taking nonsense in main media etc allows to go around. You dare put faith in these bunch of BS to achieve 2020?

Ok, enough s@@t for the day. May all the BS be with the politicians and their cronies.  laugh.gif

Added on June 13, 2011, 1:33 pm
Of course they are more than well prepared.

Just check the schedule of mega development plans of Sg IRs/MRTs, HK Kai Tak redevelopment, all happen during time of uncertainly and crisis. Getting best price for mega projects and create employment to local people. 1 stone = 2 birds.

Tat's to show how smart the gomen cp to My distorted brain dumbo. Development plans only prior to GE. Cakap kosong, money gone.  mad.gif
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As a M'sian (33 yr old engineer) who has been working in UK for 10 years after graduated from the Uni, I am not sure when I will return to M'sia. I read a lots about the M'sia negative news online such as high rate of crime, high cost of living, unfair system to non-bumi etc. But here is different, low crime rate, employee right is highly respected, fair system to everyone regardless your colour etc. I work hard and get rewarded (overtime) and highly respected by Directors and colleagues. In the Western society, they look after employees including foreigners who work hard and contribute to the society. I am not too sure if this the same in M'sia? I always think I will go back as my parents and friends are there but in the meantime I worry I will regret if I go back too soon. I am kind of stuggle because I miss friends and family but at the same time I want to be succussful and achieve something for myself. Any senior/uncle advice will help me to clear my mind, thanks.


TheDoer
post Jun 14 2011, 08:48 AM

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QUOTE(logen33 @ Jun 13 2011, 09:24 PM)
Youngsters going crazy with "NO Money Down" property investment tactics !!! I think property bubble in creation... will be coming soon!

http://www.facebook.com/pages/Get-Started-...EN/198036411714
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Correction. The bubble had long started. The correct term would be... it's about to pop.
ericpires
post Jun 14 2011, 08:53 AM

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QUOTE(TheDoer @ Jun 14 2011, 08:48 AM)
Correction.  The bubble had long started.  The correct term would be...  it's about to pop.
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Faster, i want it to Burst in 1 months time smile.gif
CKHong
post Jun 14 2011, 09:01 AM

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my bankers told me, end of this year, the BLR will increase to 7.0
sad.gif
lucerne
post Jun 14 2011, 09:19 AM

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QUOTE(ericpires @ Jun 14 2011, 08:53 AM)
Faster, i want it to Burst in 1 months time smile.gif
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what do u all do if burst? BBB? KIV?

the economy collasped. are u sure u want to buy? what if the price dropped even further, maybe non stop?? wait and see?

what if the BBB mood will push up price to another new height? jump in quickly afraid to be left out?
SUSNew Klang
post Jun 14 2011, 09:28 AM

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The order of collapse. Job market, Stock market, unit trust, car market, property market.
lucerne
post Jun 14 2011, 09:29 AM

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QUOTE(vanillasky91 @ Jun 14 2011, 07:47 AM)
As a M'sian (33 yr old engineer) who has been working in UK for 10 years after graduated from the Uni, I am not sure when I will return to M'sia. I read a lots about the M'sia negative news online such as high rate of crime, high cost of living, unfair system to non-bumi etc. But here is different, low crime rate, employee right is highly respected, fair system to everyone regardless your colour etc. I work hard and get rewarded (overtime) and highly respected by Directors and colleagues. In the Western society, they look after employees including foreigners who work hard and contribute to the society. I am not too sure if this the same in M'sia? I always think I will go back as my parents and friends are there but in the meantime I worry I will regret if I go back too soon. I am kind of stuggle because I miss friends and family but at the same time I want to be succussful and achieve something for myself. Any senior/uncle advice will help me to clear my mind, thanks.
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stay, make as much $ as possible. 10yrs in UK saving is equal to 50years in Msia?? Do invest (share, porp etc) and mulitply your wealth and decide where to stay or retire next. make sure u acquire skills that able to excel (employable ) in any country. eg u and yr family can migrate to Singapore, Australia and u can continue to work (full or part time). Msia may not have similar job for u since your skills is too advance for them!


Added on June 14, 2011, 9:31 am
QUOTE(New Klang @ Jun 14 2011, 09:28 AM)
The order of collapse. Job market, Stock market, unit trust, car market, property market.
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so msia is still far from prop crashed?
our employment is near 100%.
Stock is doing well compare to regional peers.
car sales hit new record...

This post has been edited by lucerne: Jun 14 2011, 09:31 AM
SUSUFO-ET
post Jun 14 2011, 09:39 AM

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QUOTE(CKHong @ Jun 14 2011, 09:01 AM)
my bankers told me, end of this year, the BLR will increase to 7.0
sad.gif
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Good
CKHong
post Jun 14 2011, 09:46 AM

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why is that good.. i have to pay few puluh/hundred more next time
TheDoer
post Jun 14 2011, 09:47 AM

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QUOTE(lucerne @ Jun 14 2011, 09:19 AM)
what do u all do if burst?  BBB? KIV?

the economy collasped. are u sure u want to buy? what if the price dropped even further, maybe non stop?? wait and see?

what if the BBB mood will push up price to another new height? jump in quickly afraid to be left out?
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I'll wait till it drops to the amount I am comfortable at buying. Even if it doesn't reach that level it doesn't matter. At the moment, I am in no hurry to buy.

I'm hoping that a prop bubble will burst, while our economy itself is unaffected. if it does go down.. oh well.
SUSUFO-ET
post Jun 14 2011, 10:19 AM

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QUOTE(CKHong @ Jun 14 2011, 09:46 AM)
why is that good.. i have to pay few puluh/hundred more next time
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The property market is like a car on highway driving in accelerated speed now, it is bout time to brake in order to slow down the car
sulifeisgreat
post Jun 14 2011, 10:55 AM

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then how come it did not happen in tat order during yr2008 crisis. dreams & fats r 2 diff things nod.gif
wat abt yr1997, was the TEORI collapse in tat order? hmm.gif
imo it should be, int rate, share mkt, job mkt, car market, prop market
with the west in bad shape, wil they inc their int rate by nex year & kill off the economy when not even recover yet? shakehead.gif

On a cumulative basis, the ETP has to date recorded RM170.28bil in investment; RM220.15bil in GNI and 362,396 new jobs. This is the largest ever in history in such a short period of time
http://thestar.com.my/news/story.asp?file=...1&if_height=665

Country Comparison : Current account balanc
no. 13 Malaysia $ 34,140,000,000 year 2010 est.
no. 191 United States $ -561,000,000,000 year 2010 est.
https://www.cia.gov/library/publications/th...r/2187rank.html

QUOTE(New Klang @ Jun 14 2011, 09:28 AM)
The order of collapse. Job market, Stock market, unit trust, car market, property market.
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CKHong
post Jun 14 2011, 11:09 AM

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QUOTE(sulifeisgreat @ Jun 14 2011, 10:55 AM)
On a cumulative basis, the ETP has to date recorded RM170.28bil in investment; RM220.15bil in GNI and 362,396 new jobs. This is the largest ever in history in such a short period of time
http://thestar.com.my/news/story.asp?file=...1&if_height=665
Right before election, everything is +ve smile.gif
i doubt it..
sulifeisgreat
post Jun 14 2011, 11:22 AM

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huh? u doubt the CIA factbook too? when there is a lot of money, price of everything goes up, except salary for workers.
the salary wil increase VERY MUCH LATER, after all those at the top is satisfied & full, then only open pocket give worker

QUOTE(CKHong @ Jun 14 2011, 11:09 AM)
Right before election, everything is +ve  smile.gif
i doubt it..
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Nepo
post Jun 14 2011, 01:10 PM

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QUOTE(CKHong @ Jun 14 2011, 09:01 AM)
my bankers told me, end of this year, the BLR will increase to 7.0
sad.gif
*
7.0 -2 = 5% still regard as low. Will have little impact on property market.
Bobby C
post Jun 14 2011, 01:34 PM

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QUOTE(vanillasky91 @ Jun 14 2011, 07:47 AM)
As a M'sian (33 yr old engineer) who has been working in UK for 10 years after graduated from the Uni, I am not sure when I will return to M'sia. I read a lots about the M'sia negative news online such as high rate of crime, high cost of living, unfair system to non-bumi etc. But here is different, low crime rate, employee right is highly respected, fair system to everyone regardless your colour etc. I work hard and get rewarded (overtime) and highly respected by Directors and colleagues. In the Western society, they look after employees including foreigners who work hard and contribute to the society. I am not too sure if this the same in M'sia? I always think I will go back as my parents and friends are there but in the meantime I worry I will regret if I go back too soon. I am kind of stuggle because I miss friends and family but at the same time I want to be succussful and achieve something for myself. Any senior/uncle advice will help me to clear my mind, thanks.
*
I was away for also 10yrs in Oz and Sg. Again, before thinking of coming back, better be prepared mentally and accept tat's My's standard way of living, see no evil hear no evil say no evil, tat's have been going on for 53 yrs. Ask yourself what's your reason of returning, whether willing to make a big sacrifice and no regrets end of the day.

Why not take a long holiday and experience for yourself daily living and whether you can accept tat.

About job opportunities/salary, each industry is different. You have to do your own research. I got a cut when returned, managed to get the same in 3 yrs and now getting nearly double as what I got when in overseas. No big deal really just making a living but can be considered above average for the industry. End of the day is not how much you earn, it is how much you save and invest. Siok sendiri talk laugh.gif

Current situation everyone can still happy go lucky tidak apa attitude, who cares.

But serious think the next generation will not be so luck unless there is a major restructuring in the administration. We have a bunch of reckless idiots manage country funds, non of them responsible for their action. The remaining population remain mum as if nothing happen. Unlike Sg every penny counts. Seriously how long can it last?

Oil is depleting fast, understand we will be importing in 5-8 yrs time. Some say less than 5 but nobody knows. Natural gas all the while everyone think we have abundant. Just last wk they said they will import electricity from Sg because insufficient of gas to the power stations, oil platform shutdown for maintenance blah blah. Think all BS, shut a oil platform can cause scarcity of gas in the entire country? whistling.gif

A lot of things we commoners wouldn't know what actually happen behind the scene. 50% gomen revenue from O&G. Guesstimate each civil servant pay $2000 x 13 mth x 1.4 million = easily RM 36.4 billion just for civil service pay and not incl. those under pension fund.

Most of us return for the family. Think it is good to prepare for alternative exit plans for the sake of family esp if you have kids; what next in 10-20 yrs down the road. While we are still here, just do what we can and hantam the idiots tat rape/abuse the nation for a small tiny hope tat our children can still call this place home. Tat's all.

Anyway, just few yrs your senior and pls lah not yet uncle stage laugh.gif

This post has been edited by Bobby C: Jun 14 2011, 01:44 PM
pockaroo
post Jun 14 2011, 01:45 PM

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QUOTE(logen33 @ Jun 13 2011, 09:24 PM)
Youngsters going crazy with "NO Money Down" property investment tactics !!! I think property bubble in creation... will be coming soon!

http://www.facebook.com/pages/Get-Started-...EN/198036411714
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This is called the socialisation of debt. When it becomes a norm that borrow to spend is ok, this is what we get. 5-8 years ago, where on earth you get zero down, full loan? Malaysia is not new to this, just very late in the game. The Americans have been digging themselves into the debt mountain for a long long time now until the mountain collapsed on them. Malaysia still go some milage to go.



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