Do you have a home (own property) to stay now?
Chinese maxim: Greediness will get Poverty

This post has been edited by bluesfingers: Mar 20 2011, 10:31 PM

Can those new condo launching recently which is not in a strategic/ good location e.g. deep inside puchong, surrounded by low cost, etc selling for approx. RM350k can appreciate further?

If yes, say 20% in 2-3years times upon completion = RM420k? meaning those condo in better location launching now at approx. 550k will rise till RM650k.
How about those already completed now like Desa Parkcity Nadia condo, selling RM700k for 1100sf unit, or Kota damansara OPAL selling 600k for RM1400sf? will they soar to RM 840k/1100sf & RM720k/1400sf

If someone income now, as a Senior Engineer 35 , earning a gross income of RM6500, nett Rm5600. Can he expected his wages will rise 20% to RM7800 in 2years time without promotion in post.
Even now he is struggling for his RM400k condo he bought lately.
house 1,900.00
maintenance 200.00
car 600.00
petrol 300.00
hs utility bill 300.00
grocery 200.00
hp 150.00
food 700.00
parent 300.00
insurance & medical car 400.00
entertaimt (clubbing, yumcha) 200.00
hobby/ sport/ shoppin 200.00

total = RM5450. He spend almost all his money for the newly bought condo & renovation
and he is planning to get marry next year, still puzzling where to find money
his gf only earning RM2800 gross nett RM2400.

Hey man! thanks for ur advice, 1st of all this is not me, just my very close fren.
That is a 2+1 bedrom aprtmt, and i dont think he can rent his room out coz his parents is coming quite often almost evry weekend or fortnightly.
Besides he is a Civil/ building Senior Engineer with contractor, RM6.5k below average? Siaul I am in this industry too, I would say that is an average pay now!
On tops, Gamuda is offering tht salary too lately.

leg up

For those who believing the property price will keep increasing or gradually increase say 10% or 20% a year, are u ready for an inflation too? A mixed rice seller will raise their price by 10%,20% or more, Clinic doctor also take granted by increasing the fee, School teacher also come out and stike for higher salary 30% payrise, Indon worker oso want extra pay due to higher living cost, and so forth if they want extra income to buy a decent property.

Accordingly, in 2-3 years times in PJ area, a plate mix rice @ kopi shop might be selling RM10, a bowl of penang prawn mee, curry noodle, etc will cost RM8-9, plain mamak Mee goreng will be RM6, Kopi ice & teh tarik might be selling RM5/glass.
Seein a doctor for fever or cough might cost u RM60-70

So in 5-6years, 20x70 DS at setia alam might be selling at RM1mil, Desapark houses might be selling @ RM3-4mill, Casa tropicana condo might be selling RM900k for 1188sf, Pelangi damansara might asking RM500k/950sf and .....In tandem to that, mix rice = RM15/plate, Har mee= RM13/plate Kopi ice, Cham Ice, or Teh ice = RM8/glass


A single income earner who is earning RM3500 now, say a bank officer, might need RM6000 by that time to maintain the same quality of living.


just a layman thought

This post has been edited by bluesfingers: Apr 16 2011, 03:55 AM

let's go resign and start selling mixed rice.
Adopt the same strategy like most of the Speculator/ Investor/ flipper whatever u call it, stick with your price tag no discount, selling RM8/plate for a 2 vege 1 meat mixed rice. so we make more to pay the developer.

Wake up! all Employeesss, tender your resignation letter tomorrow and start selling mixed rice, prawn mee, kutiau goreng, etc VERY IMPORTANT we have to collaborate and agreed on an absurd price tag 1st b4 we start selling maybe RM8/kutiau goreng, RM9/mixed rice, COme speculators if you wana eat Or f*** OFF go home and lick mummy ***** if you dont wana pay this price

You still can find alot of cheap aprtments in kL/PJ abit old if dont mind, rent or buy, eg wangsa maju section 2 or 4, flora damansara, or low cost apartment in sri rampai.
no money then hv to live in a more basic apartment lor.
People now maximize thier household income affordability to pay for a house for ownstay, say RM600k with nett take home income of RM8k. Mortgage RM3.3k
anyside lose their job die loo

This post has been edited by bluesfingers: Apr 18 2011, 04:55 PM

Someone say in any "market" when uncles, aunties, ah sou, ah beng, etc coming in is the time for u to run

This post has been edited by bluesfingers: Apr 24 2011, 10:52 PM

Ya, I agreed with you, properties are bigger and have more solid foundation but once collapse it will be devastating (like highland tower). This iwhy you need something really big to trigger it (eg china crash, US second crash), I can forseen many people will be jumping from their rooftop.
I dont want this to happen also. I might be losing my job too. Only cash rich taikun like YTL

This post has been edited by bluesfingers: Apr 25 2011, 01:32 AM

Why dont we use this as a reason to demand higher salary? or even gang up with others to demand salary raise
Instead of hoping the economy crash which is definately beyond human controls.

our household debt level worst than US
Our economy is heading the portal of HELL

STAR, Saturday April 30, 2011
PM: Innovate to compete

PUTRAJAYA: The country's economic competitiveness will continue to be threatened if Malaysia relies on cheap foreign labour and is reluctant to innovate, said Prime Minister Datuk Seri Najib Tun Razak.
He said the country's labour productivity also ...........................................

He said the ringgit's gain over the US dollar will not affect Malaysia's exports.“
Local companies should use our stronger ringgit to strengthen processes in their companies, such as buying equipment and ensuring their supply chains are more efficient,” he said.


The Edge: Thursday, 28 April 2011 11:44
Stronger ringgit eats into Unisem’s 1Q

PETALING JAYA : The strengthening ringgit against the US dollar was highlighted as the main reason for Unisem (M) Bhd’s poor performance in 1Q ended March 31, according to the company’s announcement to Bursa Malaysia yesterday.

The semiconductor manufacturing company recorded a revenue of RM291.98 million which was 11.2% lower than RM329 million a year ago. Net profit fell 86.8% to RM 5.086 million from RM41.626 million a year ago.

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bemused

Do you think is really matter who bought the houses? the important thing is they are a Speculator/ investor or genuine buyer for own stay? if 30% RPGT kicked in they must lari kuat-kuat too

on top, Malysia is not a place for long term investment too due to the political conditions

Utterly support
only Moron will think price will never fall

For Property price up up up believer!
IF that was true you have to accept either one of the following too:
Ishak Allah, Malaysia has transformed into High Income Nation by 2020. Take the nearer developed nation as a benchmark,Singapore, our Salaries or Incomes should be doubled/increased 100% by 2020 (9 more years to go). It seems too far huh? no problem, we set a milestone at 2015/2016 (4 years from now) means we should get 50% increase by then. Meaning, a school teacher who is earning RM3000 now should get RM4500, 4-5years experience Engineer earning RM5k now shd get RM7500, A manager earning RM10k now shd get RM15k

Instead of transforming the country into a high income nation, we transform it into 2nd Philippines. Most people in the country cant afford the high cost of living and have to work oversea in order to sustain their espenses.

A Condo needs 50k-100k for renovation+furnitures is a norm

Just to share a real story of my friend who was working in Ireland 3-4years ago.
That time Ireland was booming like nobody business, everyone believes property price is only up up up and so does my dear friend. He ended up bought a townhouse approximately 300k Euro(~RM1.3m). Unfortunately, the market crashed less than a year later, he has been made redundant. His property worth only 2/3 of his purchased price and he was struggling for few months in Ireland to look for another job but end up in vain. And now he is working in middle east to serve his mortgage in Ireland.