hehe.. agreed.. actually the power of buyer is more if compared to seller..
if no ppl buy.. investor / speculator kenot tahan the monthly installment... then..
problem now is that speculator jack up the price.. got buyers..
jackup again.. got buyers again !!
jack up gao gao !! then wait for water fish (shui yu)

If you can afford it , don't wait anymore. Go for it.

Prices will only be UP, not DOWN.

I have a friend, who wanted to buy his 1st property 3 years back. He has many comments on how property market should be, how big should his house be, how much money he should be able to make. Searching for 3 years, seeing hundred of houses, he still doesnt have one. All the while, his budget remains the same, but his choices are much lesser now. 3 years back he could probably buy a condo in PJ. Now he can only buy a studio unit in PJ.

I also have another friend, who bought an 18 X 65 house in wawasan 1 puchong 3 years back. Sure the house is so small, but he never complained. He just bought whatever he can afford , at a location which fits his budget. Now he recently just upgraded to a Bandar Puteri 10 house.

So my conclusion is.. say whatever you want. But as long as you dont step foot in the market, all is emptiness. You got nothing.

Good luck to all house hunters out there!

Good comments man! this is exactly the point ! haha....definately if your budget is limited, try to look for a safer investment propertiues (such as near to LRT, completely builded, well maintained), size is not exactly the first thing comes unless you are loaded now and would like to find a big place to settle a big family...still, buy the shoe where it fit your feet size!

cheers

Easy for u to said, cos is not your money.

BBBBBBBB!!!

Then continue waiting for the 'good stuff'. Good luck!

Buffett says .. “A house can be a nightmare if the buyer’s eyes are bigger than his wallet and if a lender -- often protected by a government guarantee -- facilitates his fantasy,” Buffett wrote. “Our country’s social goal should not be to put families into the house of their dreams, but rather to put them into a house they can afford.”

I think buffett's last phrase needs to be refined.

It's one thing to put families into the house of their dreams, it is another to put speculators into the investment of their dreams. $.$

why nobody ask who are the buyers that cause the "hot market" now ?
do u guys really think is malaysians themselves mock up the market price? or actually the BIG BIG percentage of buyers are foreigners? The malaysia policy doesn't protect their own people. there is no limitation for foreigners to own malaysia's property. we have a "clever" government, who neglect our malaysian income and ability. now a 700sf condo+ can cost 300k++ ?? siao eh!!!

if majority owners are foreigners, when economic crisis, Dubai might be the best reference.
collapse or not.. we won't know

This post has been edited by totila: Mar 7 2011, 01:37 PM

You know we have this funny way of looking at the economy. We are engrossed with making it pick up, without considering what we put into it.

Sometimes it's nothing but hot air. An economy expanded with hot air eventually pops.


I'm going to open a new thread for this.
http://forum.lowyat.net/index.php?act=ST&f=153&t=1781776

This post has been edited by TheDoer: Mar 7 2011, 01:48 PM

open already notify here or pm me.. i wanna join

As posted in another forum:

For those of you who think that property prices can only go up, you are gravely mistaken.

I was just reading up on the UK property market and came across this website:
http://www.marketoracle.co.uk/Article10506.html

I quote:
"
Japan's house prices peaked in 1991 and 18 years later still stand an average 60% below their peak. Whilst I am not saying that Britain's house prices could replicate Japans housing crisis some 18 years from now, however the Japanese experience does illustrate that house prices are NOT a one way bet, even on a long-term basis where house prices could enter a prolonged downturn for a decade especially given the current extreme deflationary environment.
"



I foresee the same situation coming to Malaysia sooner or later especially even when a country as disciplined as Japan failed to avoid it.

http://en.wikipedia.org/wiki/Japanese_asset_price_bubble

I quote:
"
Prices were highest in Tokyo's Ginza district in 1989, with choice properties fetching over 100 million yen (approximately $1 million US dollars) per square meter ($93,000 per square foot). Prices were only marginally less in other large business districts of Tokyo. By 2004, prime "A" property in Tokyo's financial districts had slumped to less than 1 percent of its peak, and Tokyo's residential homes were less than a tenth of their peak, but still managed to be listed as the most expensive in the world until being surpassed in the late 2000s by Moscow and other cities. Tens of trillions of dollars worth were wiped out with the combined collapse of the Tokyo stock and real estate markets. Only in 2007 had property prices begun to rise; however, they began to fall in late 2008 due to the financial crisis.
"

but some dear forumers will argue:
msia is not same with other countries...
our RE price is very low compared to hongkong, singap, shanghai...
never in history our RE price drop...


This post has been edited by chubbyken: Mar 7 2011, 02:42 PM

we cannot base on the chart to decide the prop value in malaysia, but 10%-20% crash from current peak in malaysia shuld be OK, and won't affect malaysia economy grow and become high income nation and at the same time achieve vision2020.

Yes, the chart is only applicable if the current prop up another 10%-20% from current peak.

This post has been edited by sampool: Mar 7 2011, 03:19 PM

my is always different, incl what is a good std of education and low crime rates.
so, when it pop, it may pop very loud and very long.

yep, if home prices go up another 30% in the next 3 years, the bulk of the popn can only afford to eat rm2-3 nasi lemak or at best rm3-4 chicken rice or charkoayteow which by then will berm 4-5 and rm6-7. say byebye to RM15 burgers and pizzas. except the rich and successful speculators.

seriously, watch out for food prices as the world food picture is pretty grim:


http://www.reuters.com/article/2011/03/03/...E72223C20110303
http://biz.thestar.com.my/news/story.asp?f...84&sec=business

Yen has appreciated about 3x since 1986. pls see http://en.wikipedia.org/wiki/Japanese_yen
the graph is very similar to above prop chart, from 220 to 80.....matched USD/Yen trend.. there is some delay effect abt 5 years from 1985-1989... USD/Yen and prop price

how the above can apply to RM which has yoyo from 2.5 to 3.8 and now 3 ?
2.5 to 3.8 (RM depreciate 50%) - 1997
3.8 to 3 (RM appreciate 30%) - 2007 to 2011
2.5 to now 3 (net depreciate 20%) - 1997- 2011
any delay effects from turning points 2007, 1997?

pls discuz.

dun worry.. 2012 is the end of the world. haha~

haha.. we shud buy air ticket fly to africa.. from the movie it stated that place didnt shift much rite? but dun go libya ...