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

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sampool
post Jun 2 2011, 01:11 PM

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QUOTE(CKHong @ Jun 2 2011, 01:02 PM)
if economy so bad till many rakyat out of job
who'll get the most impact ?  a person without a house.. or a flipper/investor with alot of unit ?
if they still dun want to buy props.. then we got nothing to say to him already.. go rent for whole life la.. and stop complaining..

yeah they can wait for props to drop further.. but they have to make up a point like
currently the props is 500k.. it starts to drop to 450k
decide now! how much u're expecting to drop.. let say 420k [lets be realistic] duno expect it to drop till 200k
if let say it drop till 430k.. then next month it jump back to 460k [u still wait meh ? already start climbing]

now 460k u buy.. still untung from 500k initial price what.. if he still wait then..... just tell him to wait lur ~  their fault already what ~
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the question should not limited to the price of the prop, but the "willing" to buy the piece of prop...even drop below RM400k also still not buyer.. this case could happen.. who know. biggrin.gif 2012 -2016 the world economic will be uncertain... directionless.. Fuel hike is main concern...
sampool
post Jun 2 2011, 07:47 PM

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三是使别人愿意把钱送进自己的口袋。
这人成功的叫老千。

QUOTE(lucerne @ Jun 2 2011, 03:27 PM)
precisely!
I would like to share a joke here:
世上有两件事很难:
            一是把自己的思想装进别人的脑袋。
            二是把别人的钱装进自己的口袋。
            前者成功的叫老师。
            后者成功的叫老板。
            两者都成功了的叫老婆。
            两者都做反的是老公。
            A brief translation for those inter
ested:

            Two things in life that are difficult to achieve:-

            1.    to plant your idea in someone's head

            2.    to plant someone's money in your own pocket.
            o      He who succeeds in the former - we call
teacher; ... Lao Shi

            o      He who succeeds with the latter - we call boss.
..... Lao Ban

            o      The one who succeeds in both - we call wife; .... Lao
Por

            o      The one who fails in both - we call husband.
..... Lao Gong

Cheers...
*
sampool
post Jun 2 2011, 10:41 PM

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QUOTE(lucerne @ Jun 2 2011, 11:26 PM)
as i said b4, i dun want my $ become worthless due to inflation, GST etc and it is also reported by EIU today that for next 5 years the inflation will beocme higher not any lower. so the only way for me is to invest in prop. (I dont invest in share coz i dun have time to monitor stock market). it is up to your stretegy to preserve or grow your $. I know my salary will not grow as fast as investments, so i rather to take some calculated risk to invest in good prop. i dun care if the prop will drop or not, i m looking for long term, for retirement.
http://www.themalaysianinsider.com/malaysi...inflation-pain/
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when someone or org is come out the data to support the economic/investment still in good sharp.. u must be very careful, this happen too in year 2006-2007 (as well as 1996, before end of 1997) when the market crash in sudden end of 2008, everyone is crying and wanted $$ back guarantee for their hard earn $$. Data is miss leading... Must see the trend movement in bigger picture under globalisation...
sampool
post Jun 3 2011, 07:28 AM

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QUOTE(lucerne @ Jun 2 2011, 11:57 PM)
but i think in long term the prop price will climb to a new height again eventually.. this is quite true for developing economy/country..
*
long term not need to say loh... 5 yrs, 10 yrs or longer hehe...
ppl later on will talk about next weeks or next months wat happen later loh... Changing of economic is fast...and very fast...





=======================================================
http://www.malaysiakini.com/letters/165857

This post has been edited by sampool: Jun 3 2011, 08:33 AM
sampool
post Jun 3 2011, 10:42 AM

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QUOTE(WannaGetBuffed @ Jun 3 2011, 11:37 AM)
Oh sorry I was referring to after the crash. smile.gif Now property in the US is so attractive even ppl in Malaysia can call it cheap  wink.gif
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prop 100k and below dun hv much correction (max 10%)... out ringgit is stronger... it is still consider OK. But, many things still need to consider..


sampool
post Jun 3 2011, 02:54 PM

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sampool
post Jun 3 2011, 03:21 PM

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go to google seach "2012 economic crash" thousands of related links...
sampool
post Jun 3 2011, 10:06 PM

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http://www.moneycontrol.com/news/world-new...ert_536549.html

Not a latest news, but still useful.
sampool
post Jun 4 2011, 09:52 AM

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QUOTE(AVFAN @ Jun 4 2011, 03:25 AM)
from another forum:
it is obvious there are those who believe we'll be in 3-4 for a long time while others believe we're into 5 already. some might even say maresia is so special that such cycles don't apply! one thing for sure - by the time we see 6, we can close this thread. tongue.gif
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i agreed. but the 4 --> 5 ---> 6 can just happen within few months time... economic cycle changing fast and very fast now. Just prepared...


wave.gif 2012

This post has been edited by sampool: Jun 4 2011, 09:53 AM
sampool
post Jun 4 2011, 10:12 AM

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QUOTE(lucerne @ Jun 4 2011, 11:06 AM)
just advocate prop will drop will u sell your prop now? 

i have a fren in sg who sold thier condo in prime clementi area (near mrt) 2 years ago and rent temporary, hoping in 2-3 years time they can buy at lower price now regreted. The prop they sold earlier hv appreciated i think 50%..
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yes.. ur frenz is pity.. he/she never study b4 jump in/out.. wat to do.. this is life. If everyone think the same, there are no richman and poorman in this world lioa loh..

i m 88, in the 1st place... y? he/she wanted to sell.. either in financial problem or others thing else (dun like the place so much). Logically nobody will do that as it is only for own stay...



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This post has been edited by sampool: Jun 4 2011, 10:22 AM
sampool
post Jun 4 2011, 10:34 AM

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QUOTE(SmallPotato2011 @ Jun 4 2011, 11:22 AM)
Hi guys, want to ask one question..... Kindly share share your point of view...

Yeah, recently BBB mode and many property price is up.... For those like us who bought property sure happy... As we are in the boat... Just wondering, if keep up-ing....

What is going on to our next generation? They may not afford to buy property further that time..... Chammm......  blink.gif  Unless we can keep some for them... But then how's about "next next generation" leh???? Or may be I think too much jor?  wink.gif
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sorry to say that human life span is not long (max 100 yrs)... after pass away.. the next next generation can stay in their grand grand father house.. but need to so some renovation loh...

Or.. as them study economic cycles... there are many ways..


Or.. camping.



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sampool
post Jun 4 2011, 10:48 AM

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QUOTE(lch78 @ Jun 4 2011, 11:44 AM)
Our financial system is conservative. Even when the sub-prime crisis hit US back then, how much it had really affected local market? Of course it affected the economy overall but in the prop market, I don't see much effect back then. No cheap sales then and it rebounded swiftly and strongly until now.  smile.gif
Nope. Won't do that unless I really need the money for emergency.

Your friend shud have invested the profits elsewhere (for eg stock market) to generate more returns.  laugh.gif

You think too much jor...  laugh.gif
*
I hope u r right! Just prepared for good or bad.. nothing wrong. biggrin.gif




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sampool
post Jun 4 2011, 12:00 PM

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Hehe.. then better become developer loh... earn more mah.. if the house cannot sold out also can leave its to cucu and grand grand cucu... hehe..





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sampool
post Jun 5 2011, 12:00 PM

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QUOTE(property101 @ Jun 5 2011, 12:14 AM)
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  rclxub.gif

edit: corrected from bullish to bearish (these 2 animals are so confusing sometimes  blush.gif  )
*
hehe.. rich or poor also depend on these two animals how to fight for their winning..






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sampool
post Jun 6 2011, 08:45 AM

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QUOTE(adraxx @ Jun 6 2011, 05:10 AM)
KL is not that bad still compare to Penang island and also during the Asian financial crisis, i remember reading Singapore property prices came down 50% in the papers, a lot of those property speculators pre Asian crisis went bust including 1 of my close friend, from millions to negative.
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property could be asset or liabilities at the blink of eye.

Note: i can see 1 prop adv from 680k and now asking 620k quietly now... wait and see over the times... soon soon, more and more offer...



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sampool
post Jun 6 2011, 12:12 PM

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QUOTE(kochin @ Jun 6 2011, 12:57 PM)
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!
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i can said both the property price overshoot and salary stagnanted that bring sunzi69 into rclxub.gif sweat.gif and thousands of ppl (he/she still lucky as got job how about others or earn below 2k) .. Both issues need to overcome... But, abit late..


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sampool
post Jun 6 2011, 02:28 PM

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i tot 1% only success over the times..
sampool
post Jun 6 2011, 03:19 PM

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QUOTE(lucerne @ Jun 6 2011, 03:57 PM)
in sg, sh, hk, taiwan, korea...many low to mid income ppl eg working class, blue or white collar r ok to live in smaller, older apt, they know that the high end condo, landed prop r for the rich and expatriates. compare to kl, everyone want to live in new condo, landed prop (not old single storey but new DSL or SD, near city etc..some even want to buy new prop just after graduate. they feel shame if they live in old apartments. they are so many affordable old apartment out there but mostly rented to foreigners, blue collars etc. locals always think that they are higher status adn refuse to stay with the so called "low class ppl". look at sg, more than 80% citizen are living in HDB flat. they dun feel shame to stay together with blue collars workers, low income earners etc. wat's wrong with young msian??
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shakehead.gif i not agreed...just do a simple survey... go to any condo/apartment/flat...u will see proton, kancil, bmw, merdez, toyota camry, altis, vios, Honda accord, cevic, city, lori, van.. even bus in some area hehe ... variety of ppl staying in one block...

I think if got also because of the security concern.

This post has been edited by sampool: Jun 6 2011, 03:25 PM
sampool
post Jun 6 2011, 03:44 PM

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QUOTE(lucerne @ Jun 6 2011, 04:39 PM)
this old apt is my generation lah (i m not young),, many r ok to live in old condo til now..
of coz some of them hv upgraded to DSL, SD new condo but they have enough saving etc. 
but if u cant afford (esp young graduate) why must buy a new condo, landed prop etc???
There are many below 200k older apt in KL (some r below 50k!) but this new generation r not interested at all. compare to my sh colleagues, many of them are buying/ living in old apt....


Added on June 6, 2011, 3:40 pm

same to sh, korea, taiwan but they are so picky as msian..
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many young (included me) scared of old-old flat/dirty-dirty leh... u know wat........ GHOST. doh.gif

This post has been edited by sampool: Jun 6 2011, 03:46 PM
sampool
post Jun 6 2011, 03:57 PM

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QUOTE(lucerne @ Jun 6 2011, 04:46 PM)
typical youngster mentality...
as i said they are many affordable old apt out there in KL, despite of many new expensive condo next to it. we can hv 1 mil condo and 50k old apt next to each other. but young ppl always conned by the advertisements, nice brochure, tv, movies and want to live like yuppies.


Added on June 6, 2011, 3:51 pmcorrection: same to sh, korea, taiwan but they are NOT picky as msian
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if u talk about the old flat got dirty-dirty thing i m sure no matter which country citizen also scared lioa... lari kuat-kuat loh...

Maybe u never been to old-old flat... sweat.gif sweat.gif

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