Well, i gotta agree with you to a certain point. But do you know any flippers who are at around our age? On my end no matter i look left or right i don't see any of them. Most of us would have 1 or 2 property and we are not those kind of people who go goreng goreng. We borrow and we pay back.

Unless you are mixing around with lotta flippers which at the end will give you the assumption that there are loads of flippers around else you would not be thinking so.

PS: stop quoting US la what's happening in US is not happening here. Until the Congress decided they should stop protecting the rich arses.. i don't see any significant improvement could happen. We are grabbing their job like no body business i can't comment much on the US folks but i bet they would hate us until a certain degree.

+1 yeah. That is the thing. In MY:
Petrol controlled by?
Telecommunication controlled by?
Land acquisition controlled by?
Electricity controlled by?
Water controlled by?
CAR AP controlled by?
.... and the list goes on.

Until we fix this issues, the economy will still belong to that few person. You know who i am talking about. in some countries the top 20% of the people would be ripping 80% of the wealth of the people but in malaysia. the 10% of the people is ripping the wealth of 90% of the people.

If you fork out your own cash money you will still get the same amount gain la. Don't look at the % it's deceiving. The only difference here which we need to take into consideration is bank lawyer fee + 5% incase of lock in period. You save quite a huge sum from there. You put down payment when VP you flip and earn 100k, the person who use their own hard cash will have the same amount of earnings.

*however a greedy cash load free person will be looking into a few unit and instead of buying 1 unit most likely he will take his hard cash and split it to a few.

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Added on October 19, 2011, 12:52 pmBro mana cari roti canai 40 cent and 60 cent teh tarik? if i can find a place here in CBJ ill go there everyday for breakfast. ahaha

This post has been edited by kidmad: Oct 19 2011, 12:52 PM

Haha i already marked my comment with * la. That's what i call greedy. Too bad i am no body to stop them from buying 10 unit at one go. But if this really still happening then how the price will stop increasing?

Unless the supply is too much for our population but now days all the young adults wants to have their own home instead of staying with parents... Will the buying stop then?

+1 thanks bro for clearing some of my doubts. I guess at the end of the day it's all about those rich folks out there who continue buying.
Next question... how to stop them....

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Added on October 19, 2011, 5:20 pmWho with salary below 5k can buy 10 - 20 properties? I have more than that so i can buy 20 - 30 props ah? any method to do this? mind sharing?

This post has been edited by kidmad: Oct 19 2011, 05:20 PM

mana boleh bro, say easy la. Buy a property not only that you need 10% down payment. U still need lawyer fee from both side. Unless the guy is 40 years old but still earning 5k else i don't think younger generation with 5k income can afford 10 - 20 props la. It took someone 2 years + to save around 40k+ to buy a 250k prop, and that 250k prop will drain nearly everything out of it...

so are you doing this ady? you should know it's not as simple as that.
1) bank lawyer fee and SnP lawyer fee. if you have more than 2 property you should know. your 3rd property its hard to finance your lawyer fee into your loan, what about MRTA? most bank will require you to take MRTA the best is PBB which only require a min of 5 years. a 200k property will cost a whopping 7k additional here.
2) not all 200k property will yield you good rental. Taking into consideration each of them will have to pay maintenance, most of the condo you might still need to fork up some money unless the few which i spotted which is hardly in the margin of 200k. So stop dreaming.
3) every transaction will take 3 - 4 months, while you are on the transaction you think you can clear off that easy? how you get a 2nd loan if your unit is not rented out? Base on your calculation your 3rd unit will overlap the waiting time. every 8 month buy new one with saving don't make me rolling on the floor laughing.
4) renting a unit out you will only get 11 months of the rental which 1 month of it will be given to the agent. So if you have 5 unit you still have to pay 5 months rental. Save what 2/3 salary that is bullshit. Seri Kembangan houses use to sell 180k per unit, you know how much of the rental would be able to cover? Must be kidding me.
5) you are talking about everyone will be able to save 2/3, what about other expenses? don't come and bull crap

Base on your calculation, you don't even need a economic downturn. Government announce raise of interest rate you will be in deep shit already. Buying in such method is not investment.. it's plain dumb.

This post has been edited by kidmad: Oct 19 2011, 10:19 PM

Coming from a property agent. Well good.

1) Which bank giving you that? I'm moving to my 3rd property soon thus i know what i need to go through and now with the 30% it's giving me a hard time. Well lets rewind and move backward. Which bank is still giving you 90% + legal fees for your 4th property? Bank and SnP + MRTA will easily cost you 12k++ that's something you can't avoid. Which bank let you take 3 - 5 years MRTA? Name me i am going to apply from that bank and share with the rest the result.
2) Buy the ones which give you high rental? Where? i've been looking for so many years not hard enough? You name me which area which is less than RM200k and give you a good return.
3) Nothing stopping you buying 2 property at the same time? Try to apply 2 loan for a different property only you comment here. The bank will automatically stop you unless you have a heavy FD in 1st account which you can show them.
4) If hardworking enough you've been able to rent out easily? Again where? If you are able to rent out your condo continuously 2 years without having it to be empty then you might be saved. But from the way you leverage even if you missed out 1 month, you will have hard time.
5) We are not talking about survival we are talking about investment in property here. It always come with a large poll of funds, determination and people with strong financial background. Buying my 1st and 2nd had empty out all my funds. Now i need to rebuild my finance before i even dare to think about spending on anything else.

* you are talking to someone who has a fix income and my 1st property itself already got me question up and down when i bought my 2nd. For 3rd 4th and 5th? Let me rethink maybe if my income bracket hits 5 figure i'll think about it. For a property agent to even get a loan you need 6 month solid income payslip huge funds to support your financial before they even want to process your loan. You are trying to rent quite a number of unit out tell me how many of them required less then 1 month to rent out? I knew quite a number of agents around me. They tend to boost how good they are doing but ask them belanja that time, they are the first one to lari lintang pukang. Being an agent a transport is a must how much you forking out on your own to drive around town getting ppl into each unit to view and decide whether to get it or not? How many had turn you down and how many actually will show you interest in the unit? Renting will get you only 1 month income. If for the month itself if you are not doing good, how do you even support your own? I would not say all agent would not be earning good income, some can really score flying colours and self made millionaire in a couple of years but those are stories of 1 in a 1000.

Man, LYN is a forum to share ideas and thought please don't kill us. From my experience the last person i would take my advice is from a sales person and That's You. From my post i might have offended quite a number of people but no matter how i see it, i would not even dare to leverage this way and also with the recent ruling, if you really do have the few unit.. Good luck to you boy, income tax will be knocking your door.

This post has been edited by kidmad: Oct 19 2011, 11:36 PM

@Roy
Let me explain the flaw and i hope you can show me some light ok? MBSB you are shooting yourself with this you would not have the so call 8% ROI.

1) Let's not talk about how easy the bank would approve your loan though i hardly believe it.

2) Let's not take all for comparison. focus on Cyberia and most likely you are talking about Sunway Court/Mentari?
Cyberia - if you convince me it's so ideal for rental. I hope you know what you are talking about. I've been around 9 years so far in Cyberjaya and i can tell you about 40% of the condo here are vacant. It's even harder to rent out your condo unit in Cyberia and even if you rent out there are loads of bad eggs here. Too many stories of tenant not paying and fully furnish house were left with nothing... That is the last place i would want to stay as i shifted out from there before. For 1.3k you will be given the basic unit without anything and some went as low as 1.1k and 1.2k and it's not easy to rent out the units. Just look at iProperty la shall we? If you would want to get RM1.5k it's tough, you need to fully furnish it with airconds, wardrobes, washing machine and the list goes on. They use to say 6% return well now owners who bought them can hardly sell their condo now. You are a property agent you should know this is a bad bet.

Well i am not a property agent but let me share some good units which give you good ROI and good appreciation value.
1) The 3 storey houses in Kampar. Which was built for students in UTAR Kampar. 8 rooms per unit. 120% appreciation value up to date.
2) E-Tiara which was initially selling at 220k++ and now it's up to 400k++. This is before Empire
3) Double Storey link in Ara Damansara!!! back in 2007 oh man. i missed them.
... well list go on

3) Nice to banker? Well to be honest i won't buy your point it might not even be valid so i'll just let it slip.

4) Positive Cash Flow? Ngam Ngam cover only got la. How you generate positive cash flow. Unless all your unit you are paying RM900+- for the installment and renting them out at RM1.3k. Paying installment is one thing, paying maintenance is another thing and paying unsettled bill by tenant is another thing (includes rental).

5) ok so which is which. RM 1.8k is so far away from RM5k. Base on your calculation even a 100 lower you would not be able to make it 8 months buy 1 unit. I hope you are not coming in and trying to do some empty talk and perform some empty promises.

More questions would pop up.
- Where da H you stay? Parents? no need pay rent ka?
- Makan Minum. Being a agent now you should know you need to treat your clients makan makan at times
- Liabilities. car break down no need to repair ka? petrol, toll. mak doi typing this gives me headache
- Family no need to support ka?
- Your phone call bills which most likely would be high

For ppl like lucerne their point is that those who are investing in such a way has side business which i believe so. But if you are talking about a 5k salary earner doing so. I am pretty sure that is something I can only dream on doing despite i am doing more than that. I certainly do not agree on hazairi that you should keep your money and at the same time i definitely would not agree with you for taking such high risk which is not even a chance for todays market.

This post has been edited by kidmad: Oct 20 2011, 08:01 AM

Do you know what is happening there actually?

To make things simple, if Singapore property market would begin crashing then we would have to worry by then.

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Added on October 27, 2011, 10:39 pmhaha how different?

This post has been edited by kidmad: Oct 27 2011, 10:39 PM

What does thailand got to do with us? Our rental income not enough to support value or prop back in 2007? Not everyone here is buying for rental la. Unless the few like Roy la haha

Those who are in the industry would not the price hike is due to the cost of the raw material increase. unless the raw material price drops it would be hard for the price to budge to the price back in 2007. This year itself most of the raw materials price had increase by 30%.

If market really do crash, how sure are you that you are going to live better than now? Haha.

adding on, so where is the stock market heading to? Was hoping for the major deep but it seems like it's just moving up and down steadily recently. To those who predicted that something bad would be happening in the next month or so, it's already more than a month. What's next?

This post has been edited by kidmad: Oct 28 2011, 10:24 AM

exactly. haha. so the debate of the stock market is out. Now printing of money you mentioned. Think about it. If you print more money which value goes up and which value comes down? Do you really think printing of money will lower down the property price? or would it be the other way round, property price continue to increase because the money value had dropped?

Now i am waiting for ppl who had been trying to convince a numb skull like me that the property price will drop SOON. haha. Somehow imo, this round BN might still be leading the country, i hope i am wrong. Somehow i envy in LGE administration maybe i should invest houses in Seberang Perai soon enough. they might overtake klang valley anytime soon.

Do you even know what is happening China? Haha.

That's the problem with people at times they never read and speculate. China is not only oversupplying their apartments and condo. They are building apartments in blazing FAST time frame. While we need 2 - 3 years time to build a 13 storey condominium, the Chinese only took 6 days to build a blardy 15 storey hotel.

If they would be able to develop at that pace, imagine how many homes are build in a year time. Of course Developers can slash price. Can the people itself coop up with the pace in China? when 90% of the people is not even living in a proper condition.

*ShenZhen itself is the best example. 10 years before and after... so much difference. KL structure is no where near to that place.

not kidding bro, infact most of their condo's can be completed in a month time. Their skyscrappers are popping up like mushrooms. ChengDu was another success storey after ShenZhen. They are using the same concept fo most of their construction.

haha consider it 6 days la. 2 days is just the structural work. but there are couple of more stories like their apartments, shops and office buildings.

*That's the problem in China. They over supplied and more importantly 90% of the majority chinese are living in poverty... Hell lot worst compared to Malaysia. The oversupply will never meet the demand in a short period of time.

This post has been edited by kidmad: Oct 28 2011, 11:22 PM

+1, that's why if we are still so cheap what makes you think that tomorrow people will be in trauma of economy recession? I really would love to highlight this. Whether business will start coming down or the other way. Business sustainability would still need to continue. What corporate would do is to cut cost but not closing down their business. When HSBC announced that 30k employee must go globally, HSBC in CBJ is hiring thousands to ensure their operations continue.

We are cheap to begin with and where do you find cheap labor + good command of English? Malaysia, Phillipines and Singapore but between these 3 countries where do you think most likely ppl would like to put their money in?

There will be always someone else filling the gap.

Haha this story will go on until next year. I'll just enjoy the debate and move on.

If it's 700k you cannot EVEN GET THE LOAN IN THE 1st place la. Don' t talk about it and go find away to get the 700k loan.

If they keep printing more and more money what will it lead to? Money value going down la! When money value going down what happen? Price of goods will shoot up la same goes to homes and properties. Such simple logic you can't think striaght?

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Added on November 2, 2011, 8:51 pmand yet there are so many ppl here talking about CN property price going down the drain. To those who keep taking CN to benchmark please do your homework first before you compare MY to CN. Myself is not a property agent nor a flipper but i do READ first before speculating like some jokers does here.

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Added on November 2, 2011, 8:58 pmRecession aper benda? You know what is going on with HLB or not? I'm impress with ppl like you simply pluck an aritcle out from the sky then putting it here sign of recession.

HLB just own EON recently and having 2 huge financial institution merging, do you think they need that much staff? They offering VSS which is a damn good sign to me, if i am feeling bored with my job and my company were to merge with bigger corporation and they offer this i might take the damn deal and goyang kaki a couple of months looking for other job.

This post has been edited by kidmad: Nov 2 2011, 08:58 PM

That itself is good enough to justify until that certain extend. Don't you think so? If our country starts printing like how ID and TH had use to then we are in deep shit. Don't even talk about property price going down. Even your good life now would turn upside down. Those who think that if bank negara keeps printing money and when we will go bankrupt and they will have a chance to buy a cheap property... That's pure naive thinking.

HLB merge with EON, if they did not announce 1/2 of their staff head count to be chopped off that is a damn good sign already. What you expect? Had you ever been a coperate world before? When 2 large organisation merges the 1st think which we people worry is getting laid off just like that. VSS is giving you so much compensation and now HLB is asking for volunteers. What else you expect? Love letter from the mangement saying that with immediate effect please pack your things and leave the office? Which you prefer?

This post has been edited by kidmad: Nov 2 2011, 09:50 PM