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

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totila
post Mar 16 2011, 11:41 PM

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QUOTE(sulifeisgreat @ Mar 16 2011, 11:01 PM)
totila, yes, the debt would roll even bigger & the outcome wil be known in a decade time, u interested to buy an auction unit of ex 220k prop?

dtna7, since u r not naive, wat r your solutions then?  whistling.gif
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sigh... if that situation really happen, dunno shud happy o sad...
sulifeisgreat
post Mar 16 2011, 11:43 PM

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I naive ma tongue.gif anyway, if u guys read the post abt wat to with 27k, tat will u guys some hope, do think & stay positive icon_rolleyes.gif
the govt, no comment, all tat can be said is y when we got petroleum, singapore currency still higher than us rclxub.gif

QUOTE(dtna7 @ Mar 16 2011, 11:36 PM)
Dun get me wrong, i was solely rebutting on the confidence you put on our gomen.

If you would like my views on the 100% Loan Scheme however, I can only say our gomen has successfully launched yet another stupid phailed project without even doing the basic arithmetic calculations beforehand. They expect fresh graduates to eat broth and breads everyday? Or they are just hinting that you need to lie about your financial status, giving opportunities for these ppl to try out property invesment.

On a side note, no offence but I am way off the 3k requirement already cool2.gif
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Added on March 16, 2011, 11:46 pmit depends, if those 220k buggers request govt increase it to 550k, coz all prop out of reach
then we all know wat happen to fannie mae & freddie mac nod.gif
if govt stick to their guns, then semuanya ok laugh.gif u can buy those auction prop & rent out to them instead

QUOTE(totila @ Mar 16 2011, 11:41 PM)
sigh... if that situation really happen, dunno shud happy o sad...
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This post has been edited by sulifeisgreat: Mar 16 2011, 11:46 PM
totila
post Mar 16 2011, 11:52 PM

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QUOTE(sulifeisgreat @ Mar 16 2011, 11:43 PM)
I naive ma  tongue.gif anyway, if u guys read the post abt wat to with 27k, tat will u guys some hope, do think & stay positive  icon_rolleyes.gif
the govt, no comment, all tat can be said is y when we got petroleum, singapore currency still higher than us  rclxub.gif 

Added on March 16, 2011, 11:46 pmit depends, if those 220k buggers request govt increase it to 550k, coz all prop out of reach
then we all know wat happen to fannie mae & freddie mac  nod.gif
if govt stick to their guns, then semuanya ok  laugh.gif u can buy those auction prop & rent out to them instead
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singapore said we dun have natural source, but we also dun hav a bunch of funny management team to manage our country.
sulifeisgreat
post Mar 16 2011, 11:55 PM

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laugh.gif of coz, now which was the funny one who assembled a high level experience team & still we lost pulau branca

QUOTE(totila @ Mar 16 2011, 11:52 PM)
singapore said we dun have natural source, but we also dun hav a bunch of funny management team to manage our country.
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sampool
post Mar 17 2011, 07:45 AM

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the prophecy not going wrong anyway.... the economy slow down is around the corner.. japan tsunmi is just speed up the process.... Sure GE tis yr.

TheDoer
post Mar 17 2011, 08:47 AM

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100% loan, multiple generation loans, credit card application that doesn't require documents to prove your eligibility.

These all makes a mockery of our monetary system, not enough money? price of things increased by an extra 0? Borrow more lah.

These are what cause bubbles in our economy.

SUSjdgobio
post Mar 17 2011, 10:12 AM

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QUOTE(totila @ Mar 15 2011, 07:50 PM)
according to the scheme, they provided 100% loan for property 220k to the ppl earning under 3k rite?
if i'm the 1 with the salary under 3k, and i need to BUY a car 1st before i BUY a house, isn't it sound even ridiculous?
i have to pay another extra few hundreds to stay far far away and need to pay extra gas, parking and maybe toll somore?? (dun forget if my salary is under 3K)
and
if i can have higher budget, then what for i need this scheme ?

hahahaha! so we can only go for old old flat in the city?
HALO! IT IS SO DAMN OBVIOUS THE SCHEME DOESN"T MAKE SENSE AT ALL WEY!
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You are a complainer who lacks the ability to appreciate things. Who told u to buy a car? If you perceive yourself to be poor then ride a bike or basikal would do. If not don't buy a house. I think your lifestyle is too lavish for your pay which is why you are thinking that everyone owes you a living.

If you think this scheme is not for u, then don't go for it. I personally have friends who are very happy with this scheme and plan to use it. If its not suitable for you ... then too bad. Suck it up & move on like a man.
sampool
post Mar 17 2011, 10:28 AM

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there is no right and wrong in any decision making... dun over react.

house is not everything....many ppl still hapi to rent a house WITH CHEAP PRICE. smile.gif


CKHong
post Mar 17 2011, 10:49 AM

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election.. faster come..
after election.. there will be alot of super project and everything increase/decrease...
22222222
post Mar 17 2011, 12:34 PM

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QUOTE(CKHong @ Mar 17 2011, 10:49 AM)
election.. faster come..
after election.. there will be alot of super project and everything increase/decrease...
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Election for Sarawak will happen on April... tongue.gif
totila
post Mar 17 2011, 01:05 PM

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QUOTE(jdgobio @ Mar 17 2011, 10:12 AM)
You are a complainer who lacks the ability to appreciate things. Who told u to buy a car? If you perceive yourself to be poor then ride a bike or basikal would do. If not don't buy a house. I think your lifestyle is too lavish for your pay which is why you are thinking that everyone owes you a living.

If you think this scheme is not for u, then don't go for it. I personally have friends who are very happy with this scheme and plan to use it. If its not suitable for you ... then too bad. Suck it up & move on like a man.
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seems like this fella didn't follow a thread and simply post a bird brain reply


Added on March 17, 2011, 1:08 pm
QUOTE(TheDoer @ Mar 17 2011, 08:47 AM)
100% loan, multiple generation loans, credit card application that doesn't require documents to prove your eligibility.

These all makes a mockery of our monetary system, not enough money? price of things increased by an extra 0?   Borrow more lah.

These are what cause bubbles in our economy.
*
i wonder where is all the money gone if this happen... ?? developer? goverment? or both?


Added on March 17, 2011, 1:14 pm
QUOTE(CKHong @ Mar 17 2011, 10:49 AM)
election.. faster come..
after election.. there will be alot of super project and everything increase/decrease...
*
after election, the oil price will go up 1st..

now is the good time to call bandaran to fill up the lubang for our neighbourhood road.

This post has been edited by totila: Mar 17 2011, 01:15 PM
TheDoer
post Mar 17 2011, 02:09 PM

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QUOTE(totila @ Mar 17 2011, 01:05 PM)
i wonder where is all the money gone if this happen... ?? developer? goverment? or both?
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In a bubble, nobody really wins. We are just using hot air to buy things.

But yes, obviously the developers and spculators would have pocketed quite alot before the crash.

This post has been edited by TheDoer: Mar 17 2011, 02:10 PM
lucerne
post Mar 17 2011, 02:48 PM

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japan definitely need more building materials eg steel, cement, wood for reconstruction in the next 3-5 years. so expect more increases on housing. reconstruction is good for japan economy since Japan construction has been stagnant for more than 20 years. all buildings in Japan look very old. it is time to build new one. Japan govt now has valid reasons to spend big $ for reconstruction as oppositions has no objection now.
sampool
post Mar 17 2011, 02:57 PM

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QUOTE(lucerne @ Mar 17 2011, 03:48 PM)
japan definitely need more building materials eg steel, cement, wood for reconstruction in the next 3-5 years. so expect more increases on housing. reconstruction is good for japan economy since Japan construction has been stagnant for more than 20 years. all buildings in Japan look very old. it is time to build new one. Japan govt now has valid reasons to spend big $ for reconstruction as oppositions has no objection now.
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i just wanted to know! rebuild or not, any related to my? rclxub.gif

japan spend big big $$ only go to their country... wat effect to my? dun tell my few stocks market is going up wow... rclxub.gif
lucerne
post Mar 17 2011, 03:26 PM

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japan high demand on steel, cement, wood will push price up. msia timber, plywood, MDF prices has already up recently. same to global steel price etc
sampool
post Mar 17 2011, 03:40 PM

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KL property prices losing steam, says WTW

http://www.themalaysianinsider.com/busines...steam-says-wtw/


SUSjdgobio
post Mar 17 2011, 04:48 PM

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QUOTE(totila @ Mar 17 2011, 01:05 PM)
seems like this fella didn't follow a thread and simply post a bird brain reply
The term bird brain really suits you for your comments in this thread.
cmk96
post Mar 17 2011, 05:35 PM

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This post has been edited by cmk96: Mar 17 2011, 05:37 PM
cherroy
post Mar 17 2011, 05:39 PM

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QUOTE(lucerne @ Mar 17 2011, 03:26 PM)
japan high demand on steel, cement, wood will push price up. msia timber, plywood, MDF prices has already up recently. same to global steel price etc
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This is a speculation only.

This may not necessary is a must.

Do you think in the midst of crisis and plenty of work need to be done to clear up, restoring back to normal, Japan importer will import those material now?
This is more about speculation locally, and traders. Not real demand pull.

In longer run, when thing become norm and reconstruction started, may be. But not right now or short term.

Steel is facing lacklustre demand, despite higher price. See the latest steel company financial report will roughly give us the idea.
Higher price of all materials currently is cost push, not demand pull.

totila
post Mar 17 2011, 06:02 PM

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QUOTE(jdgobio @ Mar 17 2011, 04:48 PM)
The term bird brain really suits you for your comments in this thread.
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i'm not actually the 1 who need the scheme, i js criticize the scheme doesn't work.
since u r the 1 who need to use it.. kesian u lar. i shouldn't said u as a bird brain..
(i doubt u might be the same person of that 27k biggrin.gif )

http://forum.lowyat.net/topic/1793300

This post has been edited by totila: Mar 17 2011, 06:46 PM

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