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

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min.lin
post Mar 5 2011, 09:56 PM

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Joined: Oct 2010
From: Petaling Jaya


QUOTE(staticxtreme @ Mar 4 2011, 01:37 PM)
well. new and young grads are hoping for it to drop so they can afford their first house

experienced speculators/investors are hoping for it to increase so they can $$$

huge struggle. well i'm part of the young grads so i'm hoping for it to drop so i can put a roof above my head in the near future.
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Not all fresh grads are looking at buying a property. First of all, take me for an example. when I was a fresh grad years back then, I was earning only a 1.8k for a year. I had a pretty good degree,I took up masters, hoping it will jack up my value in the corporate world. But no, look at the income then, it was not possible to get a property against the values property are sold at.

Only banks/MNCs are willing to pay fresh grads more these days. But how fast and far can the salary go? I've resorted to doing side jobs/parttimes for a better income. And no, property price is very unlikely to drop within the nx few years. If u can afford one now, its best to grab one to secure ur finances/future house before it gets any higher.

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