Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

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

views
     
dreamer101
post Jun 16 2011, 02:15 PM

10k Club
Group Icon
Elite
15,855 posts

Joined: Jan 2003
QUOTE(lucerne @ Jun 15 2011, 02:45 PM)
til date, no one can deny majority of ppl invest in prop made $ over long term. those loss $ is minority. I hv read some thread about bad investments in life, been cheated etc. Thru this forum we can learn from the winners and the unlucky one. There must be reasons why some gain some lose $.  I see many ppl are sharing their experience in this forum which is good.
yes, i agreed not everyone has the opp to work in oversea, due to family commitments etc. I just want to share here that majority working oversea earn better salary than msia with the same qualification/skills.  some can earn >10x if you have specialized skills needed buy mnc. It is a waste of talents if stay in Msia (skills not appreaciated eg GLC, bank, public serivces). So I always encourage youngsters (especially single) to explore oversea if can,  beside higher salary u can also widen your views and knowledge.  And many live happily in oversea with whole family relocate.  u can decide later if want to return to msia for good, to retire or just migrate.
*
lucerne,

<<til date, no one can deny majority of ppl invest in prop made $ over long term. those loss $ is minority. >>

I disagree with you. Through my first hand hand knowledge of many friends and families, majority of people LOSE MONEY on property investment. Only a small minority makes money.

Dreamer
dreamer101
post Jun 17 2011, 02:45 PM

10k Club
Group Icon
Elite
15,855 posts

Joined: Jan 2003
QUOTE(cherroy @ Jun 17 2011, 02:36 PM)
A lot of people make money do not realise they are not making money, but still claim they are making money from properties.
No offence.  smile.gif

For eg. you bought a house with capital 200k, after 10 years, you sold your house, let say gain 100k
99% of people will claim they are making good money of 100k, 50%, magnificent.
But gain 100k from 200k in 10 years time, FD also can achieve it (last time, 90's when FD was average 4-6%).

This is not actually "make money", nor can be classified as successful investment.

The actual make money, is that your achieved gain surpass what FD can offer you, at least 1.5x above, only worthwhile to be classified as "successful". My view only.
Just because it is a net gain, doesn't mean it is a successful investment.

So my FD also a successful investment...  biggrin.gif
*
cherroy,

1) Of course, we have not throw in how much a person paid in housing loan interest too. When the FD was average 4-6%, the housing loan interest was around 9%. The end result is even worse...

2) As per my observation, most people do not know how to calculate the TRUE and TOTAL COST of buying a house. Hence, in most cases, they LOSE MONEY but they do not even know it.

Dreamer

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0621sec    0.35    7 queries    GZIP Disabled
Time is now: 17th December 2025 - 05:21 PM