lol.. now still saving $$ for downpayment luh.. if still kept increasing.. i will use my $$ to get an apartment rather than condo.. now praying for condo luh.. my $$ not enuff for condo yet mah..
tiba tiba kena called sucker LOL ! if at the end i buy apartment(price kept one skyrocketing) then nvm lur.. i just have to cope with apartment lur..
getting an affordable house (low class a bit) is far more better than getting a non affordable house.. each month think how to get more money.. end up kenot settle the house loan.. ask from parent..
veli malu one leh.. rambut putih pun banyak.. stress lah like tat..

ohh.. wanna save for props.. but have to enjoy also mar.. gf ask for vacation maa~ aha.. but after this.. no more vacation liao.. maybe next year oni make another..
haih.. youngster nowadays.. but even if i dun go vacation.. with extra 2k++ also kenot help much.. so better go enjoy while saving luh.. at least i'm not a slave for all the time mah
go vacation can be non-slave
2012 coming what.. so enjoy first.. and let see the props price how.. i'm waiting GE actually.. wait after GE.. there will be alot of rules changes..
especially in the banking sector.. and also petrol price.. macam macam change ada we're in bolehland ma..

This post has been edited by CKHong: Apr 11 2011, 11:37 AM

if u let the sifu here know u go vaction
they will say u youngster dont know money management nie
go for vacation, electronics stuff, etc...
u will be asked to find 3 more part times
huahahaha
just kidding ya...

hahaha.. yeah.. they will say that.. "please don't blame us speculator/investor.. blame urself for that !"
problem is.. we all youngster will blame another.. which is airasia..
who ask they come out with cheap flight ticket and with the sign " now everyone can fly ~ "
haaaih..
youngster nowadays de trend mah.. apa boleh buat ? thats why the newer fresh grad will also have my problem.. where most of them will shout
" WHY THE ... IS THE PROPERTY SO DAM EXPENSIVE !!! " and yet those fresh grad will go travel ... and travel..... and keep on traveling.... cus the girl will say "i wan shopping.. i wan travel~"
so I think more will join us
and our group will expand

This post has been edited by CKHong: Apr 11 2011, 11:52 AM

actually many people expect house price to drop, my question are :-
1) how much is the degree that they expected? drop 10% fr current mkt price? 20%, 30%, 50%, or below than developer's price?
2) how much drop would make them buying their dream house?
3) Would they buy even the house price drop 50% and they still can't "really" afford to buy?
4) would they buy when the price has dropped to the level of afford-ability (even though drop 10% only)?
5) Totally not buying regardless of any price drop

IMO, I feel sometime is too general to discuss whether property price will drop or not, because somehow you will be right one day, is just when?

May be the above topic would be more realistic to be discussed further on...

This post has been edited by UFO-ET: Apr 11 2011, 12:35 PM

was discussed before. i dun think there are many expecting 30 or 50% "drop", more likely a correction of 15-20%.
i believe what most people mean by "drop" is two fold:
. a 2-3 yr old house now calling subsale at 80-100% cap appr is too hard to swallow - 30-40% might be acceptable to many
. developers stop raising price by 15-20% for each new launch - 5% will be acceptable - or they stop launching
the two are related; one will affect the other, just like now high dev prices help push subsale prices and vice versa.

another possiblity is prices stay flat for 3-5 yrs before trending up again - buyers have time to consider and buy. not like now simply sapu!

reading other forums, it is quite incredible to read some investors are complaining about 40-50% cap appr just after 2-3 yrs, unhappy not getting 100%! no wonder some people no need to work lor... that is, if people will willingly continue to feed them full with high subsale prices.

This post has been edited by AVFAN: Apr 11 2011, 01:02 PM

good point.
but one very important aspect of it is timing. a drop is imminent and the big question besides how much, is how long.
usually when share market have a correction, it will only down moments before investors starts collecting.
so the big question is when a property starts dropping at say 10%, would the original potential buyer be quick enough to scoop it? and at what price will it rebounds (if it rebounds).
as i have mentioned before, if this year price rm200k, next year price rm300k, next next year price at rm250k. the question is have the property price drop? yes if you count only 2nd to 3rd year. but comparing 1st to 3rd, is still up.
so property prices is a very relative term with regards to timing.
eg. my aunt's house in ss2 was bought at rm60k for a 24x80. i think my aunt will be correct to say property price will never drop (to her buy in price).

Agree.
But when you ask yr aunt, try to recall when the time she decided to buy, placed the deposit, I think her friend around will say she was gila already, so far fr KL (that moment PJ is still in the jungle)..
We kenot rewind the clock....

This post has been edited by UFO-ET: Apr 11 2011, 01:30 PM

hahaha.
my aunt is subsale.
original price is rm30k!
i think that was about 30 to 40 years ago lah.

PS: say current value at rm800k
that's rm740k profit over say 40 years.
that still works out to >30% compounded annual return.

This post has been edited by kochin: Apr 11 2011, 01:39 PM

omg.. 740k over 40 years..
haaaihhh.. diff ppl diff fate

eh CKHong i didnt mean u were the sucker la haha. i meant those who can find a gem in d middle of the sh*t means they found some sucker who had commited above his head and now has to desperately sell.

or a buyer who sold to a sucker who buys at a very high price.

IMO, a 15% drop makes a huge difference when it comes to a 600k house. 500k i can consider and still have a comfortable margin but 600k is really pushing the limits. any unforeseeable happens and i would be in trouble.. so what im hoping for is 15-20. a crash of 50% means bad news all over the country. not good

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Added on April 11, 2011, 1:50 pma nice bungalow in Penang tanjung bungah was rm60k 30 years ago. now it is at least 2million. its all about location

This post has been edited by cleo87: Apr 11 2011, 01:50 PM

oh ohh.. ahaha.. i interpret wrongly.. paiseh..
i tot u're diff group with me.. ok ! so u're in the waiting group ! give me fuaive !
yeahh.. i'm expecting 15~20% drop as well.. if after tat keep on drop i also dun care liao.. cus i can afford the monthly payment ! hehehehe..
we just have to wait till all the condo's is built and then they start paying to bank.. if economy still like now.. fresh grad come out 2k~3k
i confirm gone case for them.. as majority fresh grad unable to buy skyrocketing props.. and those flippers cannot let go of their unit
let see bolehland can go to high income country o not ...

This post has been edited by CKHong: Apr 11 2011, 01:54 PM

*high fives*

ya im waiting, not to make profit but because cannot afford. once i can, it doesnt matter go up or down because its for my own stay, wont be thinking of selling at least 10years. by then different market again d. im in no rush so can slowly wait... wait the waves out haha

hehe.. same.. not in rush.. cus also not yet marry or dun have unexpected child
so not reli rush on getting a house.. buy liao first props.. at least need 10 years ++ b4 thinking to change a bigger house..
genuine buyers !

yup yup! find moolah and go vacation first hahaha.

lol.. after googling oni know whats the meaning of moolah

yeah.. have to find more moolah !

recheck yr math.

=(1.067)^40*60=803

correct answer is 6.7% cagr which is about right for very long term.

This post has been edited by AVFAN: Apr 11 2011, 02:45 PM

oh ic
6.7% annual only
better than EPF a bit loh

on top of that, got nice house to stay wor... save on rent. better than EPF lol and dont have to wait 55yrs old to withdraw

Can't agreed more

i think most genuine buyers are rationale la. as property prices in certain aread shot up more than 50% over just 2 years time, i think it's reasonable for a genure buyer to expect (pray for?) an adjustment of 10-20%. I don't think forummers here are expecting 50% drop in prices. I for one will definitely grab the condo that i have been monitoring if the price drops 10-15% because it's for own stay. And i don't think we are asking too much and we are not waiting for the bottom/crisi, but waiting for a more reasonable pricing only.

in fact if prices stagnant for 3-5 years also can buy already. Coz while the sellers are paying maintenance fees+bank interest, we the buyers on the other hand have 3-5 years more savings. Prices stagnant for 3-5 years, adjusted for inflation, can also considered discount

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Added on April 11, 2011, 7:52 pmbtw, i don't see the reason why we can't travel ?? traveling and getting home are two separate issues. Travel is good for exposure


Food, food, everywhere and not enough to eat

http://thestar.com.my/lifestyle/story.asp?...0&sec=lifefocus

came across this article and just wanna share with you guys !
something for us to think about coz i think it also to certain extent applicable on property.



This post has been edited by godutch: Apr 11 2011, 08:07 PM

Ah, but what if the price of the condo you are monitoring goes up another 20% before correcting 10%?

Mr Market dun care, in fact dunno what is "fairness" or "more reasonable pricing" .........




What a strange way of looking at things. You willing to wait for 3-5 years? What makes u think the units will be left empty while the owner "struggles" with loans, fees etc? Your savings will be eroded by inflation.