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> Why now.., ..is not the right time to buy property Serious Talk

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cranx
post Sep 7 2011, 12:46 AM

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bubble bursts means difficult to get loan even when the properties became dirt cheap.
which will be the best time for the cash rich people.

the current situation is bank valuation could not keep up with the 'market' rate for subsales property.
no obvious fire sales or price reduction yet but transactions are going down. we will see what happens when those countless projects on DIBS scheme came into the market and still no takers. biggrin.gif

do you really think the RM700k terrace house will become RM1 million in the next few years? do you really think those multi million Desa Park City properties will hit 10s of millions?
cranx
post Sep 7 2011, 10:19 PM

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so many people waiting for bubble burst, maybe it wont burst afterall.
cranx
post Sep 21 2011, 01:46 AM

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QUOTE(nails85 @ Sep 16 2011, 09:30 AM)
whole europe and US banking system on the brink of collapsing.

western countries all experiencing debt issues, on austerity measures, all shrinking and all in bad shape

our Malaysia economy is good based on what ? because the Gov "allow" people to borrow money to buy house and speculate.
Everyone will feel "rich" for a few years because businesses will grow, house price increase so some people make money. You can take money from your house appreciation to buy shares and so on.

But go and ask around and see whether their income got increase or not.
But they are buying house like it's free.

We totally ignore the whole world's economy.
I'm waiting to see people to jump from building within 3years time.
*
Malaysian property scene escaped the 2008 crisis, which makes everyone think we are somehow isolated and insulated from the global economy.
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