Boleh Land is overbuilding, we will have property glut, just look at how many new housing projects on iProperty.com, at this price, how many of them could be rented or flipped to next greater fool.

Exactly what soongkm had said.

I had no control over the market. Infact I had preached that we live in moderation, so that we do not have burdens during crisis like this.

The inevitable had occur. What more can I say?

I too may be effected by this.

@soongkm, Thanks for understanding.

Just to clarify on my statement:
I meant had bought a house without having to worry whether prices will continue to rise or fall. Worst case scenario being that market will fall, and my taman in the outskirts may turn into a ghost town. But that had been part of my consideration which I will accept and live with.

I am at the mercy of speculators, either way I lose.

This post has been edited by TheDoer: Aug 9 2011, 11:15 AM

dun worry - actually I think majority understood you.

in any free economic market activity with bulls and bears, there are alway conservatives, moderates and eternal optimists.
no right, no wrong until the result is seen.
not about egos because any single indidivual is powerless against the total.
it's about sharing of analyzed and articulated thoughts.
if one can pick up something useful for the next decision, the discussion would have served a purpose.

well they can't print gold, but gold is being speculated as well. Why, because all these gold that a lot of ppl is investing is only on paper value. In the end, when they 'cash out' indirectly they are gonna print more money as the bank will be owning money to the people. Unless they did wat they say they should be doing, which is to keep physical gold.

Very little actually have gold bar laying in their house. Even that, how do you make sure your gold bar is 999.9% purity or it could be 916 or worst, maybe just cement inside, outside gold bar if you get it from non-authorised seller

---

Added on August 9, 2011, 11:18 amyes if you buy a house for yourself to stay and can afford it, it doesn't really matter. The matter of fact is, you only 'earn' if you sell your house. That said, you will be buying another house by then, which is not gonna be cheap as well. You take another loan, if you 'upgrade' and there it goes again, the cycle of working for the bank.

This post has been edited by valve_300b: Aug 9 2011, 11:18 AM

[quote=valve_300b,Aug 9 2011, 11:14 AM]
well they can't print gold, but gold is being speculated as well. Why, because all these gold that a lot of ppl is investing is only on paper value. In the end, when they 'cash out' indirectly they are gonna print more money as the bank will be owning money to the people. Unless they did wat they say they should be doing, which is to keep physical gold.

Very little actually have gold bar laying in their house. Even that, how do you make sure your gold bar is 999.9% purity or it could be 916 or worst, maybe just cement inside, outside gold bar if you get it from non-authorised seller

---

Added on August 9, 2011, 11:18 am

I meant had bought a house without having to worry whether prices will continue to rise or fall. Worst case scenario being that market will fall, and my taman in the outskirts may turn into a ghost town. But that had been part of my consideration which I will accept and live with.

I am at the mercy of speculators, either way I lose.

[/quote]
yes if you buy a house for yourself to stay and can afford it, it doesn't really matter. The matter of fact is, you only 'earn' if you sell your house. That said, you will be buying another house by then, which is not gonna be cheap as well. You take another loan, if you 'upgrade' and there it goes again, the cycle of working for the bank.

[/quote]

Gold also got bubble .... ... some even expecting Gold to raise beyond 2000 in near term ...

sigh, even rub salt into the wound...

am just trying to illustrate the point that one should not be happy about misfortune to others.
eg. i predicted the end of the world at 2012. do you cheer and clap when it happens?

or are you of those that curse those who drive recklessly and when he just overtook you and crash his car?

well maybe my words didn't come out right. like i say before, i just would like to wish everybody well in any crisis. cheers and be safe!

nkhong, it's time to take a break...
everyone kena mandi, me too..
I think you and me are riding on the same boat, yahoooooooooooooo

This post has been edited by UFO-ET: Aug 9 2011, 11:53 AM

if the new taman you bought into becomes ghost town, it means that project was heavily speculated, not so gud developer.
which is why it's been said many times that low price does not always = good buy as the risks are built into the price.
but we know, in a speculative bbb mode, one tends to see certain things and not the rest.

anyway. too early to say about yr taman, no?

Chrisis ...Come and Go. Like it always does.

That which US and Europe is experiencing was written the wall for quite some time. See Jim Rogers on Youtube.

Denial of the crisis becoming out of control, as most cases is due to many factors but mainly due to Politicians own agenda and Greed.

Like wise we citizens invest in property, have to be prudent. That means living within our financial ability.

If we are caught in the financial crisis, which was written on the wall, we can only reflect and learn from it. No one else to blame.

So ....... Hope all are Healthy, Safe and In Peace .

true, true. like any investment instrument gold gets speculative too.
the time will come when stocks and props get back to a firmer footing - then gold money will return there.
we know germany, china, india have been buying up lots of gold in the last 2 yrs.

individual... gold bars, gold coins, paper gold, gold funds... all kinds.
yes, all have their own risks, liquidity and conditions attached.

I think that the worst case scenario for the next year or two would be prices will be flat for most areas ..there will be pockets of development that will face
a downward pressure on prices due to oversupply ..i dont believe there will be a huge downward spiral of prices as current unprecedented inflationary pressure will provide some support ..

those of us are highly geared up to our ears should consider rebalancing our portfolio to ensure we dont get caught with our pants down (so to speak) should interest rates rise further for instance..there are also macro and political factors to consider..

M2Cents

No pain No gain,

who caught in the crisis, they deserve it. Lesson learn time.

This is the rule of the 'Investment Game'.

btw, is it confirmed finance crisis?

If I know the answer, I think I'll be rich already.

80% confirmed??

That's the expected worst case scenario.

But I consider that the best case scenario.

The best case scenario is those existing speculators are indeed cash rich, or there are cash rich speculators waiting to pounce on the market.

The worst case is, many speculators rely solely on loan, and when they lose their jobs, or they didn't foresee not being able to flip the houses in time. They end up defaulting and market gets saturated with these props.

This post has been edited by TheDoer: Aug 9 2011, 04:02 PM

Today market "vibrate" too much....my heart can tahan liao....

Fix

TQ. bro

property stock seem recover bit today...