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 Are property prices going to up further? V3

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SUStikaram
post Nov 14 2011, 01:02 AM

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QUOTE(sulifeisgreat @ Nov 8 2011, 10:40 PM)
long time no post here, all the super negative pessimistic complain king forumers & their followers had a fun time?
I was busy gambling in share market making moolah & those who 'buy low & sell high' with me r now veli hapi indeed  rclxms.gif
http://forum.lowyat.net/topic/1935875/+1740 Post #1744
look at gld, gain of 30%  smile.gif call option now is $32 with strike price $160 expiring on 15 march 2013
if anyone bought the etf at $160 and sells now at $175, gain only pathetic 9%. options is a powerful tool, if u understand its timing & TA  cool2.gif

anyway, another 80 post and we can hav v4  rclxms.gif ever since v1, hav the prop price drop? tongue.gif
of coz, we exclude those super high end and unheard of areas, coz prop investment is all about location3
the poll where >70% forumers voted, shows the situation where super negative pessimistic complain king forumers stands  laugh.gif

do u think bolehland political situation now is similar to yr 2008 under the previous pm ruling?
do u think u can buy 10 props only earning the average wage of $3k? 
http://thestar.com.my/news/story.asp?file=...5158&sec=nation

"When it comes to governance, Malaysians are very satisfied with their government. In a 2010 survey, 82% expressed approval of the government, and around 67% approximately approved of the country’s efforts to address poverty and preserve the environment,” said the report & “Public faith in financial institutions remains extremely high, with 87% expressing confidence in Malaysia’s financial sector,” said the report

there is pent up demand for props by this group (ie.70% forumers) who missed the gravy train due to bubble mindset  doh.gif
there is zero chance for their wages to catch up to props affordability. they will need to find innovative ways to complain until v2020
those who takut of yr2012 maya cartoons. better sell everything & stay in deep jungles of pahang with astro hd subscription, its much safer 

its very high chance those 70% forumers r in the youngster group who just started working or r those oldies with bubble mindset
since every year we hav so many graduates cuming out to work, where u think they wanna stay after working for few years?
of coz buy their own la, then if got excess, can do investment. but life is never fair. so SUCK it up loh  shakehead.gif

I m doing my part to rent props to this group of 70% forumers, who thinks props prices r overpriced
however due to inflation, my rental hav to increase & if tenants no agree, they can go stay further away or at those graffiti prone areas
if those 70% forumers can convince me that there r places which sells nasi lemak at 1sen. ie nenek moyang prices, then we got bubble  tongue.gif 

once their wages roket up as they climb corporate ladder, they can go buy props at mkt value, provided my type of speculators wanna sell  brows.gif
as our debate continues on & to rerepeat again - if life hand u a lemonade, try find ways to be a supplier of lemonade instead of opening the stall
now, we await those super negative pessimistic forumers to present facts & data that their waiting is well worth it, within the context of bolehland la

u can talk abt usa on subprime lending, but any mat rempit able to buy 10 props? which bank allows that type of lending standards?
u can talk abt china where their developers r slashing prices, but r our developers doing it? 
u can oso talk abt euro debt crisis, but if it meletup, would u even hav a job to think of buying props?
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what go up must come down.

Because we have people like this , malaysian 20's 30's need to work extra hard to buy rubbish.



And what do you benefit if you gain the whole world but lose your own soul?


After election. Hope govt imposing 40% on property gain tax baru kena kau kau.



SUStikaram
post Nov 14 2011, 01:24 AM

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QUOTE(cherroy @ Nov 14 2011, 02:07 AM)
This word doesn't suit to property especially prime location properties.

Last time, a terrace house only 30k, go up to 50k, thene 100k, then 200k, then 350k, then 500k, now 700k.
Wait 30 years also not going down.  whistling.gif
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KLCC areas is prime areas right. I read it is going down and no sign going up.

Also dubai - see what happen? no sign of going up (or stop going down)...

& now dubai spare to abu dahbi

Imaging what if UAS go into Syria & Iran or ..... Isreal go into Iran.

what go up must come down.
SUStikaram
post Nov 14 2011, 11:09 PM

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QUOTE(sampool @ Nov 14 2011, 04:20 PM)
then .. back to square one.. definately everyone know work hard and work smart to increase their income lor...

degree actually seem a bubble... some inst is just printing degree.. because of the demand is high.... basic salary become stagnant.... will this happen to prop price? Nobody know.. whistling.gif

i tot gomen 1 a high income nation... whistling.gif
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Some said, let the game be fair. The work smart and work hard to increase their income. And later can buy their house.

We might need not worry about the smart one.

But what happen with the work hard but not so smart with no opportunity?

Let said in a family, you have 2 kids , one smart and the other not so smart and not so hard working. You as a parent sure will appear to help regardless smart or no smart right? or you just do nothing?


It has being a lot of talks about how bad the capitalism system. The so call rich guy getting richer and poor remain poorer.

Sometime, the richer 1% control beyond 80% wealth.

We all know. Good location condo all sapu by rich guy. One person can buy up to 5 condo before launching. This condo later rented out with overprice rent or intend to sell overprice. It no tenant demand/ no buyer rather keep in vacant. Indirectly cause the so call demand > supply in our market. Classic economy theory.

On the education, I don't think the printing degree happened. It is just the world have changed but the education system in malaysia remain the same. Evident , young junior seem know lots of things. I can never know this and that back them.

Our work environment have changed. I can see foreigner being recruited to replace local. World have 7 billion now. Competition more intense.

Some leadership need to come out to alter a good national policy to defense this 20's / 30'. These youngster is also malaysian and they deserve a place that they can call home. After all a home is one of basic need & the education the only ways can more malaysian into high income nation. Let us support control property speculation.

If this property price keep go up and sudden burst. Resulted underwater property like USA. More poor 20's/30' people suffer and create anger among them.

It is low moral for the rich push up the housing demand and causing the 20's / 30's to suffer. & the stupid govt do nothing.

Don't let our children / grand-children balme us. For how is a man benefited if he gain the whole world and he lose his soul?

This post has been edited by tikaram: Nov 14 2011, 11:11 PM
SUStikaram
post Nov 15 2011, 01:30 PM

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QUOTE(mIssfROGY @ Nov 15 2011, 12:54 PM)
the world is never fair ge lar.....maybe can blame it on own karma, own luck for being not so rich, etc etc etc.....and i think the POOr should really stop producing so many larr! Later on no place to stay no food to eat....complain complain angry angry...then who supports them? The rich also ma...in a way

The rich becomes richer, besides being rich, they are also taking alot of risks.....they can become bankrupt overnight too...

Dont get me wrong i not on either sides, i also complaning house prices so high and duwan to come down...but wat to do...wait lor and hope that it will comes down. If i buy now and it crash down and i lose all my money, who fault? Definately mine laa for buying something that i cannot afford, not the rich ppl who made the prices go up up up....
If still have to stay with mommy and daddy or rent....then be it la. What to do not born with silver spoon....past life must not have been a goodgal smile.gif
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The world fair games worst off when the capitalism control everything.

Many said the rich support the poor. The rich actually taking more from the poor. Those rich guy set up SDN BHD company to channel their rental income.

& do you think the company paying tax? no no no.

The company share holder is who? uncle, grand mother, grand father, mother, father and teenage son daughter. They have the $$ to get someone to do their tax planning so that at the end rental income distribute in such a way that no one liable for income tax. Don't forget the they have the control power to over price the rental. How they control? there are a group of rich guy buying almost 40% upon each block and the rest 60% share by developer staff/ director and other public.

Hence the young couple usually buy the overpice but not so good unit on last launch and constantly being remind that the "last unit wo, you don't buy now later no more" tactic.

In away the price of this property being push, up up up. So the rich guy bought the early phase ( usually with discount some more) gain the appreciation. So who is support who? The rich don't pay tax and they are the one that not allow demand & supply theory causing their property go up further.

I am not saying the rich don't pay tax. But not much lo. kacang only. They hire someone doing their tax planning.

Only the high salary earner paying high tax. Not the rich business man.

The rich do take risk but the level of risk is low low low risk but high return wo.

How?

The rich guy bought the property with discount, create the demand, they only come out with 5K booking fees. Yes, 5K only.

wait.... how about the 10% down payment or the max loan 30% apply?

Tthe developer give discount on early launch ma. the discount is said is 15%.

10% go to down payment and the rich one cash out the 5% on buying these property.

the 30% loan cap? The company being set up in such a way that 30% loan cap not apply on sdn bhd. Best if it is "commercial" type condo. hehehe......

I hear now the developer bear the loan interest during consturtion, stamp duty free, s&P & loan agreement also free.

So the risk , kacang also

The property after complete rent out.

The rich also bear risk on property crash wo? how about this?

Agreed that rich bear this risk. The company is sdn bhd ma. If property crash - crash la.

SDN BHD ma. if SDN BHD bankrupt. the owner still safe. Let the bank suffer lo.

So low risk but high return.

Why high return? Because they bought the condo at discount. Their rental yield sometime can be 15% on the price purchase price.

don't forget they still have this capital gain on disposal.

The condo that I am living now launched average price is RM 180k @ 220 units. These group of rich guy play together sapu the property (7 of them ) sapu 88 units out of 220 units. I am the one that buying this condo at 243k ( next to lift unit, view also not good one etc. ).

These condo currently some one offer 397k @ i property.

My sister daughter rented one unit here paying 2.3 K ( but partial furnished la)

2.3K x 12 months / (180 k- discount 15%) = 18% rental yield. after minus maintenace , MPSJ still getting 15% la.

I don't think my sister daughter and her b/f ( both graduated 2 years ago from upm) able to buy this condo without working & saving so extra hard.

I hear these same guy buying last 2009 launch condo in bukit jalil. So making more la since bukit jalil is so hot now.

I knew these because one of my course-mate doing their audit. ( 4 out of 7) and one rich guy is very active on my condo JMC.

So, how to control? maybe regulation need to come in. to limit so call the "bulk purchases" if let said after lauching for a while no take up. allowing these "bulk purchase".

So good luck to the youngster who have read this.

Just my opinion only. Hope some healthy feedback so that I can learn some from you. after all, u live & u learn.

This post has been edited by tikaram: Nov 15 2011, 01:33 PM
SUStikaram
post Nov 15 2011, 02:53 PM

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QUOTE(katijar @ Nov 15 2011, 03:20 PM)
My sister daughter rented one unit here paying  2.3 K ( but partial furnished la)

I don't think my sister daughter and her b/f ( both graduated 2 years ago from upm) able to buy this condo without working & saving so extra  hard.


---------------------------------

don't you think they are supporting the high price of property?

why must they rent the place? why not rent a cheaper place and save more?
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I am not very sure.

I believe maybe still value for money - on monetary measure- no need to buy additional car & save fuel ( work nearby), lunch can be taken at home.

Non money value benefits like distance to office, good mgmt security.

I guess, other place also within the rage of 6% to 7% ROI base on market value, which overpricing due to limited rich guy controlling/ speculation ( the 15% if rent base on purcahses price)
SUStikaram
post Nov 16 2011, 11:51 PM

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QUOTE(kidmad @ Nov 16 2011, 09:33 PM)
what does credit card limit got to do with house price?  doh.gif  doh.gif  doh.gif

i have 45k credit limit and utang less than 1k does that mean with that much limit i can go and laverage?  doh.gif  doh.gif  doh.gif
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The BNM cc limit will causing the domestic demand slower ( as less money spend on the multiple effect). if 1k spend the circulation effect is 10 x the 1 k. Remember might be hundred thousand crad holder effected.

But, I think the message bring out by BNM is the debts level is rather serious now

1) interest rate will move higher ?
2) hay , banker do your part? or
3) educate the public smart spending?

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SUStikaram
post Nov 17 2011, 02:07 AM

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QUOTE(kidmad @ Nov 17 2011, 01:27 AM)
Educate the governance to clear off their debt first la. RM500b. What you owe the bank is just that small little puny money compared to how our government mismanage our funds. They did the wrong thing from the very beginning, what's the point of limiting middle class and lower class earner CREDIT capability? you think your credit and my credit capability combine actually play that much impact to the property market?

They target the wrong group of ppl from the very beginning. The group of ppl which they should target are those who are buying homes like vegetables. Setup a rule, each person can only have 2 HOME! that would stop the buying. If they do not do the right thing and continue practising the wrong thing. it's sad to say we will never move. 20% DP for 3rd home? Ppl are buying home without going through banks.
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In My opinion Govt debt is not that much leah, got rm 500b meah?

I think bnm moved is very good. should done this early.

Ya, set up rule limit people can buy 2 a good one.
Malaysia actually got good rule just very very weak on implementing regulation. ( example on pendatanfg simply menjaja di kaki lima, still happening every corner, officer, tidur ke atau tidak apa mindset? or have "benefits").

I believe setup 2 units property rule very susah to implement

30% is on the 3 rd home right ? not 20% leah.

The 30% impact is big, buy people go corner la. how? set up company ma, or used their relative name or..... developer also one thing. substitute to commercial property.

The overall short term property market seem on the " fear go down/ fear economy slower".

If this fear power become greater. property slowly go down seem a welcome sign for most people.

just small accountant opinion only, no hard feeling pls
SUStikaram
post Nov 17 2011, 07:25 PM

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QUOTE(kidmad @ Nov 17 2011, 08:14 PM)
FACTs? fact or speculating even on credit card? I've been there done that and i even remembering i pmed airline on personal loan to CLEAR my credit card debts because i need my credit card debts to be free from the 15k credit which i owe the bank. I tried applying and they only approve credit card with 5k credit limit to me, reason being i need to clear off my old credit card debt. I ended up using my companies AMEX credit card for my business travel.

THATS A FACT.

to ppl like katijar saying that you can easily get a credit card and this cover that. Let me tell you right upfront, it would not happen. Unless from the very beginning you have the earning capability and you had taken 3-4 credit cards from the very beginning. Those earning 2-4k, you really think they would have that much credit limit? Those which already done BT, you really think they can easily get another credit card with the same credit limit? If it's so easy i would have been using it for my own benefit now.
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i have done it, paying relative education fees - systematic university - - 32k using 1 credit card. My limit is 35K. - on the same day. each transaction more than 10k. But bank officer called to confirm. I avoid issued cheque due to cc can collect 5x points that particular moment.

Bank now are desperate for money. They allow this now.

Your fact true maybe for some local bank or maybe 2 years ago.





SUStikaram
post Nov 17 2011, 10:00 PM

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QUOTE(kidmad @ Nov 17 2011, 08:30 PM)
2 years ago? It's only recently this year itself. 32k using 1 credit limit. Eh boss, your earning capability is high la. You can have another 32k credit card gores at no problem la bro. Unless you are telling me you are earning lesser than 110k per annum, then that would make me wonder.
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Yes, very unlucky / lucky one? I am paying very high tax

The point is. Bank is desperate for money now. Take another example. my junior today cancel one credit card. Guess what after done. X.....bank offer personal loan 4.1% .

Maybe other banker reading this thread can confirm " bank is really desperate for $$" profit record breaking after another.
SUStikaram
post Nov 19 2011, 01:58 AM

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QUOTE(antal @ Nov 18 2011, 11:53 PM)
Oh dear! Slow down so far expected and now kinda officially confirmed. BNM doing what it can to minimize possible MY debt crisis. Damm good move. Zeti is hell of a govenor IMO the best we ever had. Wish she become PM oso  thumbup.gif
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She is good.

I hope she become PM too, first female PM. But those big bank might going to lobby she can't be selected for PM.

Just see the title in sin chew, 負責任的貸款指南 'Guidelines on Responsible Finance " She is tembak bullet direct to big bank la.

She is going to have some problems with the fat cat banker.

She need all the good wishes from us.



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