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

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Beth79
post Mar 29 2011, 11:27 AM

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QUOTE(22222222 @ Mar 29 2011, 11:02 AM)
Yaloh so sad to all poor malaysian, later oni can rent "room" for them......i think is the time to let them "fall from the horse".

Boycott to buy condo/Service apartment > 250k, single storey > 300k, Dbl story > 500k, Superlink House > 750k, Semi D > 1m and bungalo > 2.5m  laugh.gif
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hahahaha, kawan, like that no property to buy in prime areas already lor tongue.gif
Beth79
post Apr 22 2011, 11:24 PM

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I actually don't see how the property situation in m'sia is going to benefit an average income earner like myself. Prices go up, can't afford to buy. Prices go down, economy is bad, can buy also bank wouldnt give us a loan. For those people like me who are buying to stay, if u find something nice, just buy lor. Any lost or gain is just paper value, u will probably keep for 10 years or more anyway.
Beth79
post Apr 27 2011, 09:07 AM

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QUOTE(Bobby C @ Apr 26 2011, 07:11 PM)
Bet most of the debt arise from buying new cars.

Buying properties at least you can assure over 5-10yrs, value worst case stagnant usually appreciate.

Buying car, when you drive out of showroom, you already lose easily 5-10%. Drive a BM & MB for 10 yrs you probably left 10% of the value, 90% guarantee lost excl. expenses/repair/insurance/road tax/toll etc etc.

Australia such an affluent nation rich with mineral, population less than M'sia, currency 3x, you see more Hyundai on the road, hardly and MB or BM to show off.

People here too immune to high price, unaware kena con by the stupid policies started in the '80.

Again, thks to this visionary Dr M and his Potong, AP, NAP etc etc. Now we are screwed, like this cannot, like tat cannot  shakehead.gif
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That is true. I think it's also because salaries are stagnant and property prices are high.

My brother and I are took the same career path but he is 12 years older than me. When he graduated, with his salary he bought a civic twin cam turbo (days before proton). When I graduated all I could afford was a kelisa. My brother's first house was a double storey terrace house while mine is a studio apartment. I'm not doing that badly career wise but certainly when it comes to salary vs spending power my brother was much better off when he was my age.

I'm not hoping the property bubble will burst because the last thing I want is for malaysians to start losing their homes and investors that don't have the holding power to start getting bankrupt. But I am hoping that salaries do increase. I know that's a tall order sad.gif

Beth79
post Apr 27 2011, 07:44 PM

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QUOTE(wankongyew @ Apr 27 2011, 02:34 PM)
At the same time, you waste students' time with moral education subjects and insistence on using the dead-end Malaysian language. What do you expect when you insult the best and most qualified Malaysians that they're not even real Malaysians and don't deserve a place in the country?
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some university grads are surprising. we recently had two girls come in with degrees, one works directly under me. they are not fresh grads and have been working in the market for a number of years. both of their salaries at their last employment were in the region of RM1500. i was shocked considering that they had worked 5 years in the market. once they started working, everything made sense. how can a degree graduate with 5 years working experience be unable to draft a simple one paragraph letter in English, not have basic mathematic skills and not know basic microsoft word rclxub.gif

if this is the standard of our grads nowdays, i am really not surprised that grads are unemployed.


Added on April 27, 2011, 7:49 pm
QUOTE(blasto @ Apr 27 2011, 05:47 PM)
Our daily needs are increasing slowly like petrol, bit by bit no effect/complain, sekali 50-70cents sure jump but salary same.

Bit by bit inflation will cause the chain reaction, it's a matter of time & how long we can sustain. Kids expenses, tutions, books, needs etc... the population growing & time fly very fast. 

If good location & price right tenants will continue to rent, landlord must  save up & spend on tenant once a while. my 2cents...
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ya, good tenants can be "manja-ed" a bit. my former landlord (before i bought my own place) didnt raise my rent for 4 years cos at the beginning of every year i handover to him 12 postdated cheques for him to bank in monthly. that way i dont have to have the headache of running to the bank every month and he doesnt have to worry about late payment (plus none of the cheques ever bounced). rclxms.gif

This post has been edited by Beth79: Apr 27 2011, 07:49 PM
Beth79
post Apr 27 2011, 11:43 PM

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QUOTE(property101 @ Apr 27 2011, 08:48 PM)
our job market has changed so much, 20 years ago, a degree qualification belongs to someone who study really really hard
today, a degree is a norm, something that people expect you to have by default. not long ago, i was talking to my colleague, he was asking me when i am i going to get a master, as if it is something perfectly normal to do, something everyone is expected to have - but the fact is i have not even complete my degree  tongue.gif
in the next 20 years, i foresee having a degree would be as normal as completing SPM

back to your 5 years working experience girl, i believe this really comes down to how much the person have the passion to improve himself. i know people who assume upon completing degree, he already knows all that he needs to know. the person has no intention to further educate himself. as some gurus said, you are either growing or dying, there is no standing still. the grad you mentioned might have the appropriate skill to enter job market 5 years back, but unfortunately she chosen not to further growing, therefore she is lacking behind the job market. this has a lot to do with the mentality rather than the education she received.

example here: assume there are 2 IT graduate, upon graduation, one decided to work in a small china man style company doing non IT related work (perhaps admin work) for salary RM1500/month, life is easy. another started to work in cutting edge IT firm, salary RM1500/month also, tasks are very challenging, life is hard. 5 years down the road, assuming both these graduate didnt change job, the first graduate work in a small firm has been promoted to be a supervisor with salary rm3000, while second graduate worked in IT firm might be earning rm5000. the bigger picture here is that although they both are university graduate, their skill set are totally different now. one's skill is way more valuable than another. and most interestingly is the person who worked in a small firm with admin work has wasted the skilled he acquired during his university time, he is merely 5 years more experienced (in a specific industry) compare to a fresh SPM graduate. while another grad who took the harder route initially leverage on his education that potentially lead him to soar.

in the job market today, instead of hiring the person with a good paper qualification and impressive number of working experience years, i would rather hire the person with the correct mentality for the productivity.
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Agreed. I have another girl in my team, spm grad. I think she's much better than the uni grads. She cares about her job and she is always willing to learn. She self learned word and excel. She does profit projections charts for us and sends us monthly updates on our progress. Mind you, this is not within her job scope nor is it something my boss expects her to do. Needless to say despite being less "educated", she earns much more than the uni grads and she is much more respected than the rest of them. When she resigned my boss hiked up her pay by telling the management that if she leaves, he will retire. I need to find more people like that. Unfortunately they are so rare now days sad.gif


Added on April 27, 2011, 11:50 pm
QUOTE(lch78 @ Apr 27 2011, 11:36 PM)
For own stay, you can buy as long as you afford to pay the installment and the initial down payment. But don't put all your cash into property....Spread your risk.
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Ya, "all your cash" sounds dangerous. Buy reasonably. Make sure you have a safety net fund just in case you can't rent out/ BLR goes up. If you are a small time worker like me, be careful, any change to job status will substantially change your risk absorption.

This post has been edited by Beth79: Apr 27 2011, 11:50 PM
Beth79
post Jun 8 2011, 04:44 PM

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QUOTE(UFO-ET @ Jun 8 2011, 02:07 PM)
precisely...
Our low cost flat condition is below par, I lived in Tasik Selatan flat before (blk 26), it is dammmm scary, drug addict peeing in the lift, shits at the emergency staircase, people simply throw rubbish fr top, my ex-neighbour's kancil roof top was squashed by a large bag of ice (bout 2 kg!!) fr top flr, imagine if it hit someone's head, sure die!
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agreed. low costs flats smell bad, security is zero, drug addicts hang around under the staircase. even mid cost flats are terrible now days. my friend was stalked 3 times taking the lift up to her flats. she couldnt even call security for help because the guards are "dua kali lima" as well.

it's not like we are sombong. if you can get me a decent flat for less than rm200k certainly i will jump at it. but now days, if a single girl wants to live alone, you have to pay like hell for an apartment that makes you feel some sense of safety.

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