Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
6 Pages « < 3 4 5 6 >Bottom

Outline · [ Standard ] · Linear+

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

views
     
TheDoer
post May 12 2011, 03:07 PM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(UFO-ET @ May 12 2011, 02:30 PM)
Did I said that?
Nobody can stop you fr buying, you earn RM1500/mth, can commit 250k house..
but dun complaint money not enough..
*
Clarification, I was referring to this:
QUOTE(kh8668 @ May 11 2011, 10:18 PM)
KOTA BARU: Syarikat Prasarana Negara Berhad (SPNB) is waiting for eligible applicants for 11,000 units of houses it had built under the My First Home Scheme.

SPNB chairman Datuk Idris Haron said the houses, priced at RM220,000 each, were ready and that it was waiting for Govern­ment approval to start selling them.

“SPNB is ready to assist the younger generation who earn less than RM3,000 per month to own their first homes.
*
Assuming this houses are reserved for household income of RM3K only...

Then this apparently is not reasonable. and as you said, they are better off renting.
TheDoer
post May 13 2011, 10:14 AM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(Veda @ May 12 2011, 07:30 PM)
+1  thumbup.gif

Most people in their 20s are NOT supposed to be able to afford property.

But now we have fresh graduates demanding that the gomen impose various measures to handicap investors so that those 'young adults' can afford new, landed/big property in good location  doh.gif
*
It's not just the fresh grads and it's not just in good locations.


Added on May 13, 2011, 10:17 am
QUOTE(Veda @ May 13 2011, 07:42 AM)
Morning everyone. For your reading pleasure  hmm.gif

Come invest in M'sia's booming property market, S'poreans invited
http://www.theedgeproperty.com/news-a-view...ns-invited.html

*
Yes, that's just what we need. Competing with singaporeans for our own homes.

Might as well sell off the whole country. make ourselves $$$$$rich$$$$$$!!!

This post has been edited by TheDoer: May 13 2011, 10:17 AM
TheDoer
post May 13 2011, 10:50 AM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(CKHong @ May 13 2011, 10:30 AM)
indonesia kenot leh.. they bring RM back to indon ~  tongue.gif
it worsen our economy !
singaporeeeee different.. they bring in singapore money.. they invest.. our gomen got charge this and that.. gomen untung.. masuk poket.. opps..
aii.. forgot bout one thing.. if they hold the props for few years and then sell it off.. they untung.. we rugi  T_T
but if the props no ppl wan't .. they rugi.. we dindt rugi anything  biggrin.gif
aish.. pro's and cons.. but still i will hope more foreigner to invest in msia..
thats how we are able to achieve high income bracket ma~
*
yeah.... sad but true o.o||

People always equate investment as a good thing, but how many people realize the meaning of "Investment"?

Investments are nothing more than IOU's.





TheDoer
post May 16 2011, 11:48 AM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(UFO-ET @ May 14 2011, 03:27 PM)
In general, in those Asian developed countries, their 1st time hse buyer are getting older and older, but I can feel that Malaysia's 1st time house buyer (Chinese) is getting younger & younger.. not a healthy sign... Wages dun increase but these young group buyer still can afford, I can only relate this to the change in the Chinese family structure.
*
May have something to do with loan % and tenure.

I agree it's not a healthy trend.

Especially if they bought it simply to flip, they will drop it the moment they realise they can't afford it.
TheDoer
post May 19 2011, 09:22 AM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(CKHong @ May 18 2011, 03:29 PM)
ok.. i sapu one properties liao.. now only worried for the BLR > which i know for sure few more months will go up more ~
but kenot tahan to wait liao.. home stay one not for investment..
but if reli crash and somehow can force the developer price is lower than i purchase one.. then i will only blame my luck ~  tongue.gif
anyway.. happy that I'm able to find my dream home ~
*
Hey congratz man.

If anything goes wrong, we could always blame the BBB gurus too. Don't forget wink.gif
TheDoer
post May 19 2011, 09:34 AM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


Grass is always an option too biggrin.gif


After counting my expenses, realised I can't afford it even with my gf. So scrapping that idea.

I am at the tipping point now. I leave it to FAMA to buy a bigger home for us to live in I will be taking a small bank loan to help. Now I'll get a slightly bigger room for myself. My future wife will have to see her mother in law everyday... lol.

But then, if prices continue to increase, and there is no bubble (I doubt it), then I must seriously think about my children. I have to do for my children what my parents are doing for me now.
TheDoer
post May 19 2011, 02:08 PM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(CKHong @ May 19 2011, 01:59 PM)
From ur writing.. are u an IT person ? biggrin.gif who uses agile development  ? ahah.. sorry again.. out of property discussion..
*
Actually, I wanted to buy my neighbours vacant prop. They were hoping that the price will continue to grow and grow, and wasn't really interested in selling it (even though it's vacant and deteriorating). They mark up the price above market rate, that even the realty agent for the other props in the area admits this.

When I move out, and if the neighbour wants to buy my home instead... I'm gonna raise it a little higher than what they offered us. rclxms.gif
TheDoer
post Jun 2 2011, 03:07 PM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(AVFAN @ May 25 2011, 09:54 PM)
it's the other way round - high prices for new encourage subsellers to price high. developers drive prices, not individual owners.
*
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.
TheDoer
post Jun 2 2011, 03:09 PM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


If the denomination required for purchasing becomes higher, but our salary retains, what happens? The economy bursts.
TheDoer
post Jun 2 2011, 03:37 PM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


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.
TheDoer
post Jun 2 2011, 03:49 PM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(CKHong @ Jun 2 2011, 03:44 PM)
bro congrats !
u mean family buy a home which ur name is not in there ? who's gonna pay for the monthly installment ? smile.gif
*
*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 thumbup.gif 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
TheDoer
post Jun 2 2011, 04:01 PM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(lucerne @ Jun 2 2011, 03:02 PM)
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)
*
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
TheDoer
post Jun 3 2011, 11:51 AM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(property101 @ Jun 2 2011, 07:34 PM)
i see some people who were bullish about property market have given in and bought one?
*
Note that, even though we still beleive the market will drop. We have no choice because we need to live somewhere.

With a little help from FAMA. but when the money runs out. whose gonna hold up the pillars of this inflation?
TheDoer
post Jun 3 2011, 03:14 PM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(sulifeisgreat @ Jun 3 2011, 02:56 PM)
imo 2013 la  grumble.gif unless those highly experience peak gloomers can give other reasons
all their previous reasons has expired  bruce.gif  & price of properties DID NOT DROP
*
Which reasons that we gave that has expired?
TheDoer
post Jun 3 2011, 03:25 PM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(sulifeisgreat @ Jun 3 2011, 03:19 PM)
hmm... u can read back the old pages by 'onemorething' & supporters
or which reason has not expired?
*
You are generalizing and making an assumption. Bad thing to do as a wise investor.

Myself, the issues I raised, have not come to pass yet. Which is that the saturation of the number of real home owners (the real source of money), will cause a slowdown and adjustment of the market.

I'm saying, if you keep on blowing, the balloon will pop. You are saying it hasn't, so it will never.
TheDoer
post Jun 6 2011, 11:40 AM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


With regards to what sunzi69 remarks. I would like to say that it is good to encourage, people to work hard to strive to achieve their goals. However looking closely at what is mentioned. The salary for a fresh grad is still the same. This implies, that consumers buying power has not increased according to the prop price hike.

Working harder is always an option. But do not lose sight of the underlining problem.

The prices are now unreasonably priced. And this will result in either a prop price adjustment, or a monetary value adjustment. Both of which we do not want.

Everybody says they do not want to think of an economic crisis, and yet, we continue to fan the flames.


TheDoer
post Jun 6 2011, 12:10 PM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(kochin @ Jun 6 2011, 11:57 AM)
bro,
i think we all agree on the problem. but to me, the root of the the problem does not lies in the growing property prices but rather the stagnanted salary.
personally, i do not agree with lowering or stagnation of property price. the only way to move forward would be the increase in salary.
if we maintain everything cheapo, we would be a nation not unlike phillipines or indonesia (not jakarta lah but those ulu ulu townships?).
no offense.
cheers!
*
No offense taken, you speak fairly. If our salaries, increased, it would have solved the problem.

Then again, if everybody's pay increased, then our money would have greatly devalued.

hum :/ I do realize that there is a need for balance, between economic progress and controlling squalor. I'm not asking for economic stagnation, just about self control, differentiating, real economic progress over, fake economic, hum... inflation.

» Click to show Spoiler - click again to hide... «


TheDoer
post Jun 6 2011, 12:21 PM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(sulifeisgreat @ Jun 3 2011, 03:41 PM)
most of the old folks hav cash on standby in bank savings
they'll bailout their kids & relatives
most auction listing r mostly low cost flat or unheard of areas
*
How long can bailout work? Eventually those who need bailout will become the parents, for those who need bailing out.
TheDoer
post Jun 6 2011, 01:38 PM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(kochin @ Jun 6 2011, 12:35 PM)
when salary increases, money devalued.
but money devalued = property prices devalued too (not in absolute cost but depreciation in currency).
i think this WILL curb the problem at hand.
sadly, almost all businessmen will not increase salaries.
think the G'ment realise this and is slowly working towards it. but at the same time, by doing so, it will hurt a lot of ppl currently. in the long run it will be better but short term, ppl just cannot accept it (the inflation). and bcos os this, hard to implement as they deeply worried about losing the GE by doing so.
*
Ah true.

But anyhow, I feel that there should be stricter laws on property purchasing. Investing in property is the next best thing to investing in sugar.
TheDoer
post Jun 6 2011, 02:12 PM

Regular
******
Senior Member
1,853 posts

Joined: Oct 2009


QUOTE(lucerne @ Jun 6 2011, 02:02 PM)
dun complians abt low salary, just increase your productivities, efficiency, skills etc as i mentioned in my earlier posts.
if u hv the skills that mnc wanted, your salary will definitely will be higher (in someyears my salary was paid in sgd when based in kl). today many mnc do not want to come to kl coz there is not enough talents pool here. even though the rental is cheaper here but the employee skills is much more lower compare to hk, sg, shanghai. they can pay u higher salary, comparable to sg if u hv the skills. even i compared within the same mnc, kl worker is not as competent vs sg, hk, sh etc. how many six sigma master black belt in kl? intl marketers, branding expert, designers, ip experts, rd scientists, investment bankers etc.  maybe we always like to compare ourselves with the poor efficiency public sector or glc.  eg tidak apa attitude, chin chai , agak agak, nanti nanti, semua pun boleh, cakap saja etc. our private sectors is as poor as the public sectors eg medical, bank, insurance, it, oil and gas, chemicals etc. even the courier service here is slower.
*
Yes. And yet, prop market wants to catch up with Singapore and other countries.

Sure we could all work hard. But note, that's only an individual/temporary solution. The real problem, is that prop prices have gone haywire, because of speculation.

If sugar and rice, were up for grabs, we'd see the same thing too.

If we had 100 ppl, and 100 ppl work hard, extremely hard. How many of them will be successful? 10%?

The issue is therefore not that the 90% is not deserving, but that, there are homes that are sitting idle, waiting for people to be desperate enough to buy them at profitable prices.

Alas, that does not always happen, it's supported by unrealistic optimism.

This post has been edited by TheDoer: Jun 6 2011, 02:14 PM

6 Pages « < 3 4 5 6 >Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0713sec    0.92    7 queries    GZIP Disabled
Time is now: 15th December 2025 - 01:40 PM