Lawmakers close to deal to avoid default
http://www.reuters.com/article/2011/07/31/...E7646S620110731
Are property prices going to up further? V3
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Jul 31 2011, 11:05 PM
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#1
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650 posts Joined: Oct 2009 From: Formerly Perak, now KL |
Don't worry, US will most likely avoid a default. Even if the US Congress can't seal a deal by Aug 2, they'll do it soon after. If not, Obama has other options. This might effect stock prices temporarily, but not property prices
Lawmakers close to deal to avoid default http://www.reuters.com/article/2011/07/31/...E7646S620110731 |
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Aug 4 2011, 08:08 PM
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#2
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650 posts Joined: Oct 2009 From: Formerly Perak, now KL |
QUOTE(gregy @ Aug 4 2011, 12:48 PM) It's like buying shares. You never know when the bubble is going to burst. But to buy now after having risen phenomenally in the past few years? Major major risk! Property and shares are different. Shares go up and down according to the emotions of the investors/speculators.Properties in good locations in Malaysia only go up and up. There's been no property crash for decades. Added on August 4, 2011, 8:11 pm QUOTE(GangHo @ Aug 4 2011, 04:55 PM) Our Property is considered very affordable to overseas investors due to their high pay slips. The fact is we do not have many overseas investors. Malaysia property market is very much supported by locals reported by lots of survey. Many of the Malaysian property investors that I know work overseas or used to work overseas. UK, Mideast, Singapore.There one lady forumer ...... still in her 20s ... work in Singapore. Already bought 3 properties in Klang Valley. This post has been edited by Veda: Aug 4 2011, 08:11 PM |
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Aug 11 2011, 08:44 PM
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#3
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650 posts Joined: Oct 2009 From: Formerly Perak, now KL |
Aiyoyo! The stock market problems has raised the hopes of those hoping for property price drop, in here, stock forum, even /k/ But the fact is ...... recession not even confirmed yet. This could be just a sharp correction. Even if recession comes, Malaysian property price didn't drop much. Whether in stock market or property market, Malaysia has "institutions" that help support prices. Thus our market is far less volatile compared to most countries. I am not scared even though I, like 90% of stock investors, have been bloodied. I daydreamed today that if property prices could drop 50%, I'll get myself a nice, roomy landed property in a G&G community or a big, posh apartment unit that faces the lake. But in Malaysia, property prices can't even drop 10% .... 50% how can? |
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Sep 6 2011, 02:35 AM
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#4
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650 posts Joined: Oct 2009 From: Formerly Perak, now KL |
QUOTE(cranx @ Sep 6 2011, 12:17 AM) problem if the value of property is a lot lesser than the loan balance amount, do you think the bank will ask you to top up the balance? Sort of like a margin call for property loans? It's possible if such an unlikely situation happens. There are various clauses in the (obviously lop-sided) loan agreements to safeguard the bank's interests. |
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Oct 5 2011, 05:08 PM
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#5
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650 posts Joined: Oct 2009 From: Formerly Perak, now KL |
QUOTE(lucerne @ Oct 5 2011, 11:59 AM) very few are playing both prop and share. for me, i am now more into prop. coz i dun hv time to trade/monitor share. already cash out my share before 2008 crashed and concentrate in prop til now. since prop is not so liquid so it is difficult for me to go back to share now. now prefer to have stable passive income (rental). I'm into both, but more into shares. Am very selective when it comes to property ..... I'm a control freak and just don't have the temperament for maintenance and dealing with difficult ppl. Funny thing is, I made much more from property than stocks, especially after the market meltdown of the last couple of months Added on October 5, 2011, 5:11 pm QUOTE(22222222 @ Oct 5 2011, 02:33 PM) Not really, still got a lot ppl playing both site....my group of friend all play both game.....now a bit suffer lah....fire kena tangan oledi. If you friend wants to sell his properties (or even car) at a big discount, let me know. Maybe we can work something out.One of my friend earn 400k++ from share market since 2008 - Jun 2011 and then he very tamak lor July 2011 go to refinace 2 prop and cash out 400k and pump in to share market and more "sohai" is almost all the money buy to same counter..... Now the counter share all the way down from RM1.80 drop to RM1.20++, last week i makan with him...he's want me to belanja......wei...brother he's is Millionaire ler....muka masam sangat lor.... Now needed to serve many loan lor....CC (money cash out to share market), Car loan (new car jz bought this year), 3 props loan (last time only serve 1 housing loan). Now he's is a little bit scare oledi, think until kepala besar to find solution and call out "lan heng lan di" to help..... This post has been edited by Veda: Oct 5 2011, 05:11 PM |
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Oct 30 2011, 04:21 AM
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#6
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650 posts Joined: Oct 2009 From: Formerly Perak, now KL |
QUOTE(CKHong @ Oct 30 2011, 12:28 AM) Spain's unemployment rate is around 21% ..... > 40% of those aged 16-24 are unemployed. Not sure if it's higher than Greece.I recall u also bought a property with a sizeable loan not too long ago? If the boat sinks, we all sink together I'll be applying for another housing loan soon..... |
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