Are property prices going to up further? V3
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 Aug 7 2011, 08:11 PM
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#1
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Junior Member
241 posts Joined: Mar 2010 
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This time the economic problems are not limited to the US. Europe is in serious trouble and the Middle East is in chaos, Japan is wounded, China has its own property and overheating problems. Property prices will likely drop and arrogant speculators whose actions deprive genuine buyers of a decent roof over their heads will be humbled. Justice will prevail  |
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Aug 7 2011, 11:46 PM
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#2
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Junior Member
241 posts Joined: Mar 2010
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QUOTE(UFO-ET @ Aug 7 2011, 09:07 PM) The empire strikes back ? Return of the Jedi    Added on August 7, 2011, 11:51 pm QUOTE(GangHo @ Aug 7 2011, 09:27 PM) In my own definition, there are more categories:- I absolutely despise 1). They are usually heavily leveraged and bought properties like buying vegetables.1) Speculators who care only about own profit. Even if the sky around him falls and he profits, that's ok. 2) People who has extra money but could not find better investment than property market to park their money. 3) People who has enuf money to buy a decent roof over their heads. 4) People who don't have enuf money to buy a house. 5) People who don't care whether they have a house, the most imp thing is enjoy first and worry later. Now, who to blame? Nobody. It's just that some have not seen what others have seen. Economy is linked, and selfishness would lead to destruction. Have encountered their type at property launches. Walked in and said loudly: "I want 3 units!". "Wendy, book 4 units for me!" "We should enbloc this project". No issues with 2) as most buy only 1-2 for investment. This post has been edited by GenY: Aug 7 2011, 11:51 PM |
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Oct 19 2011, 05:01 PM
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#3
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Junior Member
241 posts Joined: Mar 2010
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Malaysian banks strict? When a person with salary below RM5k can buy 10-20 properties? When some ppl were openly "sharing" in other forums that some valuers can be "bought" to give the valuation that the speculators want? When the property price can be jacked up to get "no money down" deals? And all that require the cooperation of several parties involved. Btw there are already whispers in the wind of retrenchment and pay cuts, of businesses not doing well. But nothing published in papers, at least not yet. |
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