Are property prices going to up further? V3
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 Sep 8 2011, 11:58 AM
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#41
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Senior Member
2,114 posts Joined: Aug 2010 From: Edge Of D. World  
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Some of you guys are talking about the collapse of financial systems, which if happens, it will render all paper money worthless anyway. By then, you cannot buy or sell properties anymore even though you have monies, unless of course if you buy with gold bars...
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Sep 9 2011, 02:26 PM
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#42
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Senior Member
2,114 posts Joined: Aug 2010 From: Edge Of D. World
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QUOTE(obiey @ Sep 9 2011, 01:44 PM) last 10 years ago after i graduated my salary in my current company is RM1800 Having it benchmark relative to Gold prices is not the correct way to calculate. It should be benchmark relative to a basket of goods & services. That is why we have the inflation numbers. today.. my company give RM2600 to fresh grad.. but.. 10 year ago if i compared my buying power... gold was at RM50/gram.. RM1800/50 = 36grams of gold.. so it's like my company is paying me 36grams of gold every month... back then.. today... gold is at RM200/gm so RM2600/200 = 13grams of gold.. so today my company is paying 13grams of gold every month to fresh grads.. err.. looks like due to inflation... my company is actually paying less gold to current fresh grads compare last 10 years ago.. does this make sense?   Assuming average inflation of 3.5% p.a. for the past 10 years. So RM2600 X 0.965^10 = RM1820.73 (This is what RM2600 worth 10 years ago).  Your company doesn't cheat here.  |
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Sep 25 2011, 04:36 PM
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#43
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Senior Member
2,114 posts Joined: Aug 2010 From: Edge Of D. World
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Sep 29 2011, 01:22 PM
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#44
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Senior Member
2,114 posts Joined: Aug 2010 From: Edge Of D. World
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Spoken to a few of my mortgages loan friends, confirm property subsale (KV only)has slow considerably. However new launches take up rate is still quite strong, though not as strong as before.
However bank credit tightening has started to kick this month. Many new applications got rejected.. Because of this slowdown, Government has started to try new measures to pump up the economy: Extend the retirement age to 60. I read this morning.. |
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Oct 4 2011, 10:37 PM
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#45
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Senior Member
2,114 posts Joined: Aug 2010 From: Edge Of D. World
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QUOTE(sampool @ Oct 4 2011, 11:31 PM) ALERT: Stocks Dip Into Bear Market on Europe Crisis Don't think the stock crisis will lead to property crisis. Slowdown and more freebies/discounts for buying properties might be on its way.http://www.bloomberg.com/news/2011-10-04/a...o-year-low.html |
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Oct 7 2011, 12:18 AM
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#46
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Senior Member
2,114 posts Joined: Aug 2010 From: Edge Of D. World
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QUOTE(debtismoney @ Oct 6 2011, 09:17 PM) When I say inflation is a hidden tax, majority of people don't even know the story behind it... that's why some people chose to be ignorance and simply said world has changed and please look forward... sigh, it's totally hopeless. Even if what you are selling here is true, what is there for you and the rest can do about it? Breaking out of the system like Neo did in Matrix? Enlighten us.. I have been telling people here about the financial crises in modern history were engineered, I'm going to share more information today... it's up to you to listen and think, or to be ignorance. The international bankers control the so called liquidity/money supply in the world economy, when they expand the liquidity in the economy, economy booms and everything goes up in prices, when it's time to harvest, they simply shrink the money supply, then asset price deflation/depression... this is the so called business cycles, it doesn't happen by accident, it is manipulated by the banking elite. They knew when the stocks market would turn because they simply control the amount of liquidity in the economy. Every cycle it would transfer wealth from the middle/lower class to the elite at the top over and over again, and their club members use these cycles to eliminate their competitors... http://youtu.be/rQow0Fhua1A Try to understand what this guy was talking about... it's either you want to be awaken or continue to be a sheep that lives in the rigged system forever... I know over 50% of hopeless people our there will ignore this message and see this as conspiracy theories... I know what's going on, so I'm telling people about it... if you do understand this you should do the same, go tell your family and friends...  |
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Oct 8 2011, 12:31 AM
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#47
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Senior Member
2,114 posts Joined: Aug 2010 From: Edge Of D. World
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Demand for 400k and below properties are still very strong among the general population around KV.
With the support from Government now, do expect the properties price at this range to continue the boom... In the next few months, expect many developers to launch new developments price at this range.. OTOH, luxury properties is facing oversupply problem and low demand..... MK at 400psf still doesn't seem plausible.. |
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