Nov 9 2011, 01:51 PM
QUOTE(kidmad @ Nov 8 2011, 05:42 PM)
@TheDoer
bro, your points would be valid if there are more speculators compared to genuine buyer? Well i am not too sure about others but i know a couple of relative who himself alone is buying more than anyone of us in the family combine. His Properties when you ask him? lost count.
What i wanted to say is that as long as the GLC, Cronies and the few who are reaping the wealth from us is still there, there is nothing much we can do. Ppl are buying without going through the bank when we need 3-4 months time to complete the lawyer and loan process done. All they need to do is, they get their relative signatures here and there and reap the benefit out of it.
If there is more of this kind of people compared to flipper then your logic has a BIG FLAW.
You mean to say your relative bought all his props with cash? @.@ Amazing.bro, your points would be valid if there are more speculators compared to genuine buyer? Well i am not too sure about others but i know a couple of relative who himself alone is buying more than anyone of us in the family combine. His Properties when you ask him? lost count.
What i wanted to say is that as long as the GLC, Cronies and the few who are reaping the wealth from us is still there, there is nothing much we can do. Ppl are buying without going through the bank when we need 3-4 months time to complete the lawyer and loan process done. All they need to do is, they get their relative signatures here and there and reap the benefit out of it.
If there is more of this kind of people compared to flipper then your logic has a BIG FLAW.
I don't know any such cash rich people, but as they say, in order to get richer, the rule of thumb, is to use the bank for leverage. This automatically, means most people who could and want to make money through props would utilize it.
So naturally, most speculators would be applying for loans, what's to stop them?
So now, instead we should be counting the number of speculators vs genuine home owners.
(just recently over) loans were very easily approved, that made "prop investment" the word on everyone's mouths. A young executive who doesn't need a house would still think of buying a house, simply to fully utilize his loan as leverage. Even if the prop is not something he would like to live in.
It's just common sense.
And when we prowl, housing estates & shoplots, we could see quite a number are left vacant. This is an indication of the magnitude of speculation.
Props sell like hot cakes, is because of speculators; a real home owner, will think long and hard before deciding where they are going to live. To a speculator, a unit is just another number, another address.
QUOTE(kidmad @ Nov 8 2011, 05:42 PM)
As far as i know, our economy is being monopolized and i do believe there are only a few heads who are controlling them. Just a quick example the fellow in Sime Darby...
Ah that's true.
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