heard azizi ali talking in his silver investment workshop today, he is very bearish about property market, he gave advise to sell the properties to realize actual profit, do not buy property for investment now, but on the other hard, he is holing a seminar on property investment in july

edit: corrected from bullish to bearish (these 2 animals are so confusing sometimes )

This post has been edited by property101: Jun 5 2011, 11:05 AM

did he mention why?

my take is, can continue buy, but do not suck up to normal deal, the property must be a good bargain

ops...sorry sorry...correction, should be bearish, my bad

did he share anything on the property outlook in the next 1-3 years?
did he touch anything on global economy and the effect on us?

This post has been edited by property101: Jun 5 2011, 01:55 PM

look like in the hoohaaa of property overpriced, our people still consistently applying loan and buying, except recent march application spike a little...

not only developer first hand property quickly snapped by connected people, even in subsales is not easy as owners tend to think if they sell now, will not be able to get back property at such price.

nice one

look back human history, the word job is only created when the industrial age came. there was no such thing as job, monthly salary, annual increment, annual bonus, etc back then. our ancestors did not have a resume, they did not go for job interview or job hopping and yet some have accumulate significant wealth. everyone, i mean everyone was doing some form of business to earn their living and some ultimately got very rich. just like today, only people some got very rich. "job" is only created to make the best use of human labour (whether blue collar or white collar) by paying them penny compare to how much the business can generate profit. when we are in a job, we are in the mercy of our boss, how much he is willing to pay us. if you argue you can hop to another job, great! you are still getting your new and higher salary in the mercy of your new boss. and regardless how high you climb the corporate ladder, there will always be someone telling you what you should do, he will be judging you and tell you how much you worth. oh, in case you have not noticed, the boss might also be not be as smart as you are, he is your boss simply because he has some connection or additional few years of "experience". in the event of problem arise, he might solve a problem at your level of competency

why want to climb the corporate ladder when you can create and own one? i dont know the existence of any law to prevent you from doing your own business. how much you earn is total responsibility of yourself and only yourself. a lot of people complain that their salary has not increased and they didnt make enough money. we are conditioned and programmed by our schools to remember that working for a salary is the only way to make money. i cant recall if any of my teacher has told me "if you want to be rich, dont get a job". all i can remember is "get a job so that you can earn a lot of money" - which proven wrong in today's society. well, that was probably still true during the 80s in malaysia. today, throughout world, only those who can adapt to change, be creative and innovation, fixing problem at the root level can make a lot of money. unfortunately, being in a job does not allow a person to change (because of company policy), does not allow a person to be creative and innovation (because of company policy) and do not allow you to fix the problem at the root level (again, you guess it, because of company policy).

US is printing more and more money, how could inflation do not rise? QE2 is coming to the end. exciting show is ahead. it's a matter of time for global economy crisis (it's not a matter of "would it happen", it's a matter of "when would it happen"). by that time, do you think job is still a good option? instead of relying for a job to pay for a property, how about create some new job to pay for it

how about some pop pop from china
http://www.theaustralian.com.au/business/n...x-1226072284347

thanks to QE1 and QE2, inflation is one way up

China government would allow their property bubble to burst?

how about inflation?
how about more and more money that have been printed out?

the proper way of saying is:
everything will go overpriced then underpriced, but will have to revert to the mean

cheers

banks are being conservative in giving out loans for sub-sales property. the owner could be asking for a sky high price, but eventually only limited number of people would proceed with the transaction due to banks refusal of giving out loan at such amount. the buyer who is buying the property must have put in large amount of cash. which shows they are genuine or (worst case) cash rich investor. majority speculator rarely would want to invest in large amount of cash for one deal. this strategy from bank would curb the property bubble effectively.

agree. it shows something is wrong here, renting is supposed to be more expensive than buying.
it's either renting cost too low, or buying cost too high