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

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CKHong
post Feb 22 2011, 10:15 AM

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v1 started.. fresh grad around 2k salary.. properties 200k++
food RM2~RM3
people starting to shout .. properties so freakin expensive..
v2.. fresh grad 2k~3k salary.. properties from 200k++ become 300k to 400k++ [new one i mean biggrin.gif ]
food RM4.5~6
people starting to feel the pain that they can't afford to get a house..
debate start biggrin.gif
see the difference ? hehe.. problem is income of the rakyat kenot cope with the property price + fuel hike + food hike etc etc
keep buy keep buy..buy more~~~ move bolehland economy~~~ biggrin.gif
next time bolehland reli change to high income country.. we'll remember the efforts u all made cool2.gif
CKHong
post Feb 22 2011, 10:19 AM

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QUOTE(TheDoer @ Feb 22 2011, 10:11 AM)
Well, there's no need for you to conclude it, because we all know it hasn't happen.  And if true to history, nay sayers will pop in and announce it again.

Like the kid who keeps asking "are we there yet?"

If my suspicions are correct, then the nay sayers are basically the speculators with alot at stake.
*
sometime i felt that they're trying to ask more people to join their game.. cus they got alot of chips on hand tongue.gif
and they want to get rid of some / most of their chips.. by telling ppl that the properties will keep on going up.. buy now buy now..
aha.. just my guess..


Added on February 22, 2011, 10:20 am
QUOTE(keithcky @ Feb 22 2011, 10:17 AM)
Buy things with potential you wouldn't need to wait for the price to drop. Anytime is a good time.
*
this one needs clever + lucky people..
how can u certain that the place is potential o not ? uncertainties smile.gif

This post has been edited by CKHong: Feb 22 2011, 10:20 AM
CKHong
post Feb 22 2011, 11:10 AM

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QUOTE(property101 @ Feb 22 2011, 11:02 AM)
it might seems high in the beginning, but try to compare the same gov servant with a private sector employee again the next 5 years
my knowledge on the increment of salary in government sector is limited, but heard is slow. in private sector, 100% within 3 years in highly possible
*
work zo 3 years.. also kenot get 20% ..
seems like i'm a failure :'(
starting salary this low.. its not achievable for fresh grad to get a decent home liao..
fresh grad come out straight low income.. well done bolehland.. rclxms.gif

This post has been edited by CKHong: Feb 22 2011, 11:11 AM
CKHong
post Feb 22 2011, 11:13 AM

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yeah.. 2.5k above oni need pay tax.. last time 2k need pay liao..
CKHong
post Feb 22 2011, 11:16 AM

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QUOTE(jusco1 @ Feb 22 2011, 11:14 AM)
prop price will either stagnant or increase..
very rare for it to drop.
it is the seller who cant sustain the loan and they need to sell at cheaper price... if not, base on the latest transaction price...
it wont drop.......

salary.....
all are base on case to case basis..
some lucky, get 2.5k.. some not, get 1.8k...
increment whether 100% or not also subjective...
u get a good boss who appreciate, then u get increment lor
*
agreed.. highly depend on luck ! biggrin.gif
good luck then get good boss + who appreciate u..
bad luck.. no need to say already..

This post has been edited by CKHong: Feb 22 2011, 11:17 AM
CKHong
post Feb 22 2011, 11:25 AM

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i hope v3

fresh grad 5~6k properties >350k(i dun reli mind) food >RM5.5 (i dun reli mind)
at least we can afford to get a decent house maaaa

if still 2k~3k.. then most of the rakyat will have to become slave zo..
hair all goes white when every 10 years we're having an economy burst.. kenot do bank repayment.. dapat letter from bank.. forcing us to pay the repayment else bankrupt us..
stress leh like tat..

This post has been edited by CKHong: Feb 22 2011, 11:26 AM
CKHong
post Feb 22 2011, 11:36 AM

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QUOTE(jusco1 @ Feb 22 2011, 11:29 AM)
that is why buy hse now...
due to inflation... ur hse is cheaper now...
as compare to the value of ur money later. hehehe
*
freshie with 1.8k~2k u ask them buy house
u're like pushing them to hell.. or maybe their parent
freshie later kenot pay the bank .. then if their parent is rich. nvm la.. their luck..
if not... they kena blacklist.. then go for bankrupt.. wahhh.. yeng dou....
unless freshie dun gila gila go buy those that they kenot afford la.. eg : 2k they go buy 300k house.. yeng..
CKHong
post Feb 22 2011, 11:43 AM

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QUOTE(jusco1 @ Feb 22 2011, 11:38 AM)
hehe.
then freshie will always have problem in getting their first hse. sad.gif

sampool:
how can u lost a car if buy now? smile.gif
*
if the bubble burst.. then ma no problem zo lo ! tongue.gif

This post has been edited by CKHong: Feb 22 2011, 11:44 AM
CKHong
post Feb 22 2011, 11:56 AM

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i prefer paying less for the properties.. when most of us is retrenched... than paying expensive properties when we have work to do.. where we cannot afford to pay the monthly installment.
400k.. i got a job.. everyone got a job.. easy to get bank loan.. but.. everyday eat maggi.. weekend dun go out to shoping centre.. stay at home..
300k.. company retrench here and there.. bank tightten the bank loan.. begged parent to borrow 40k~50kk for the downpayment bcos bank tightened the loan and need more $$ for downpayment..
after few years when the economy become better... same as above..i got a job.. everyone got a job.. at least i dun have to eat maggi... can go for movie etc etc..
white hair also lesser.. less stress.. live happily ever after biggrin.gif

if the properties reli don't crash.. price skyrocket.. then .. no choice edi lo.. i change my future house from condo to flat.. or apartment.. biggrin.gif just betting my luck now on waiting for the crash hehe.. i dun care bank tightened the bank loan

QUOTE(sampool @ Feb 22 2011, 11:48 AM)
buy now RM800k

buy later RM700k, RM100 extra can use to by altis... laugh.gif
*
+1 free car... laugh out loud !! hahahhahahaa


Added on February 22, 2011, 11:57 am
QUOTE(jusco1 @ Feb 22 2011, 11:55 AM)
ic, but when will it happen for the prop to drop 100k?
hehe smile.gif

prop price in those country is sky rocket high, due to limited land for residential. and it is a good example of prop price will goes up slowly and hard to come down.....
*
*those country" do u mean sg and hongkong and japan ?? biggrin.gif

This post has been edited by CKHong: Feb 22 2011, 11:57 AM
CKHong
post Feb 22 2011, 01:39 PM

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someone said that subsale properties is going very little rite ? most of ppl buy is new development..
thats why agents doing part timer for auction unit..
i duno hear who say liao in this discussion forum..
subsale > if they buy for their own stay.. they need to have
10% of the properties +
berpuluh puluh k jacked up price compared to the market value of that props +
SnP etc etc +
(optional) renovation

thats why people hardly can sell their props now.. except for those who got family support..
CKHong
post Feb 22 2011, 02:19 PM

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b4 we reach high income status..
we need to stop corruption.. rasuah.. unknown money bring out from msia..
dun think can stop those in 3~5 years time..
unless BN lose la.. hahahahahhahahahahaha...
so high income nation.. can slow slow wait ba...
CKHong
post Feb 22 2011, 05:26 PM

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yea... can grab a house.. then grab liao..
if i got $$ i also grab one.. sad.gif
CKHong
post Feb 22 2011, 05:42 PM

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yea.. grab those that u can afford.. else ur live will be very miserable...grab wisely..
CKHong
post Feb 22 2011, 05:55 PM

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lol..
seem safe only.. not confirm safe..
nothing is confirm one..
diff ppl diff thinking.. so buy wisely smile.gif
CKHong
post Feb 23 2011, 09:22 AM

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QUOTE(cherroy @ Feb 23 2011, 01:11 AM)
Even though properties price is escalating a lot, the rental rate is not at the same pace with properties price, move like turtle speed only, some even hardly increase much.

It just means rental yield is not attractive anymore (for some properties), so for investment purposes, it is not favourable factor.

Previously, invest in properties, you have 2 front to "win" either good rental yield or capital appreciation, or both.
Now become solely rely on capital appreciation, without good rental yield.
Lose one winning chance. (although it doesn't mean you cannot win in capital appreciation).
*
+1 rclxms.gif rclxms.gif rclxms.gif
CKHong
post Feb 23 2011, 02:11 PM

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yep.. problem is we duno when it will drop..
some scare : buy liao.. few more months.. it drop..
some kenot afford to buy.. so no other choice.. wait looh..
CKHong
post Feb 23 2011, 04:27 PM

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i saw one properties.. it got 2 block..
stated both block will be completed in same date and time..
but then the developer make it phase 1 and 2
=.=
phase 2 will be more expensive than phase 1 for 20~30k
both also build the same time.. finish the same time..
developer purposely make it 2 phase.. reli muntah darah..
CKHong
post Feb 24 2011, 10:20 AM

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QUOTE(whiterival @ Feb 23 2011, 10:51 PM)
I heard that property in the range of 500k-800k will continue to march on and if the BUBLE breaks, it wouldn't be affected that much... coz many stil can afford it... unlike the higher ends one (800k and above)...
*
wa bro.. u're good eh.. 500k-800k can afford
haih.. my maximum is 350k.. very hard for me to fork out more than 1.8k a month..
unless i hide in my room and dun go anywhere.. :'(
i'm lucky using my parent's car.. if i need to get a new car and do installment.. then i can change from getting a condo to get a flat liao sad.gif
i agreed with whycare stating that most of malaysian are just earning 3k~4k..


Added on February 24, 2011, 10:25 am
QUOTE(whycare @ Feb 24 2011, 08:46 AM)
According to contractors, developers, agents, worldwide raw material price such as concrete, steel, materials, labour are all going up. There's not going to drop anytime soon.

New launches are not going to be cheap anymore like 2-3 years ago.
*
dun believe in raw material too much..
same house.. same material.. u can compare between house in melaka and pj.. it differ alot ! smile.gif
i know that the tanah is more expensive.. but then wont be that expensive until.. house in melaka 200~300k and hosue in pj 500k~600k
or maybe the tanah in pj is reli that expensive.. then.. my statement kenot use edi.. but they all kept saying raw material increase..
does it reli increase that much ??


Added on February 24, 2011, 10:27 am
QUOTE(sampool @ Feb 24 2011, 09:18 AM)
as i said earlier, whose by in current is who going to marrige soon and these ppl is force to buy, seem no many choice... but, they will getting into financial trouble, by too many expenses,, furniture, marrige expenses, insurance, car loan, petrol, food..., if got children, then again repeat insurance, food, education,..... blah blah......

failure in stock market investment may take 2-5 years to recover, but failure in prop investment/or own-stay will take life-time to pay back.   ohmy.gif
*
agreed biggrin.gif buy wrong properties.. till ownself kenot pay back.. it will make u to become a slave for bank whole life tongue.gif


QUOTE(GlobalKL @ Feb 24 2011, 06:46 AM)
so if you plan to buy good subsales property, then act fast before grasp by others.
*
visitor sure increase.. even most of the time I check on the properties of subsale.. but can oni see.. kenot buy..
is it reli that much people buying ? hehe.. any statistic that purchasing going for the last 3 months ? biggrin.gif

This post has been edited by CKHong: Feb 24 2011, 10:34 AM
CKHong
post Feb 24 2011, 11:17 AM

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QUOTE(jusco1 @ Feb 24 2011, 10:59 AM)
hahaha.. i like the altis story.
but in order to wait till price drop and get a free altis, u still have to either stay with ur parents or rent a room or hse. cost will still incure, excepts parents hse la.
but what if young couple who just married. they want to have their own life and hse...
like me.. so no choice, still need to but and forgo altis. hehehe

buying a hse is the most expensive thing that most of us can buy...
so choose the right hse, with right location and price...
*
for me.. renting is still better and affordable..
350k house pay 10%, bank loan = 320k .. BLR 6.3-2.4(so far i checked someone said can get 2.4) = 3.9%
320k * 3.9% = 12480 > bank charge u
12480/12 = 1040
i rent room 400++ like tat nie..
so still better than get a house now..
CKHong
post Feb 24 2011, 11:27 AM

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QUOTE(jusco1 @ Feb 24 2011, 11:19 AM)
it is always cheaper to rent than buy.
but for how long u wish to rent?
5 yrs, 10 yrs.. or till retire...
u still need a home of ur own....

right?
u can get a hse of RM150k.. cheaper condo...
paying only RM800... double ur rent.. but is ur hse in 20 or 30 yrs.
and u can get capital appreciation.
*
haha.. wont be renting the whole life
but at least wait till my salary can support a house first
thats why now working hard lur..
duwan make myself bankrupt by too rush getting a house with such a high price now..
wait for bubble ma now.. cus the place i aim is now 400k++
if bubble not coming and the price is too high.. then i lower my expectation lo.. go for cheaper condo/flat where i can afford

This post has been edited by CKHong: Feb 24 2011, 11:31 AM

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