you hit the nail on the head.

rewind 2 years, all gorengers were doing this. it was, "if the bank is still lending you, you haven't bought enough"!
many applied multiple credit cards in a rush to swipe for dwnpayment.
many applied loans on multiple props with diff banks at same time to "cheat" ccris checks.
that's why the domestic/housing/personal loans ballooned so quickly.

now, i'm pretty sure the master gorengers are no longer doing this but busy selling as quick as they can (while talking things up still. )
so, those still practicing this are either optimistic late comers or diehard upupups.
if there are 3 options for up, down and flat, 2/3 will be wrong, isn't it?
up, down or flat, fresh buyers take on a higher risk.

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Added on March 1, 2012, 6:45 pmlike me.

This post has been edited by AVFAN: Mar 1 2012, 06:54 PM

this, i agree.

it's unwise to look at home prices in a vacuum, i.e. one's luck or how hardworking or how clever.
if the shit from europe hits here, no one and nothing will escape like in 1998.
but then things can be less dramatic, life goes on, limp along.
if yr gaji goes up 3-4% a yr while fish and kopi goes up 8%, eat less but still kwaikwai pay bank.
while at the mercy of bnm since if rates go up and they have historically, kwaikwai pay for a longer period.

when people make money incl paper gains, they shout and yell to the world.
when they lose, they go somewhere else to sulk - that's only human.

if that sinchew article is cimb's comments, it's much of a double speak like many things.
earlier comments from the chief says loans too high, risky, no good.
now say prop price not high enough.
i'll say read the crap with a full barrel of salt!


meanwhile, 3k salary-400k loans workable? if so, this hba fella is all wrong about banks and jibkor's my1sthome hype.



This post has been edited by AVFAN: Mar 9 2012, 01:31 PM

this is not a joke, quite real.

some banglas already earning close to 2k a month, maybe can buy 150k homes soon.

while local fresh grads earning 2k yell at najiz to provide 400k homes.

u have good vision or you had a call from the minister?

actually some connected ones may be oledi preparing. question is who will go since some can get cash handouts and study grants and loans easy.

bolehland after decades of rape and plundering is more bankrupt than most people think.

This post has been edited by AVFAN: Mar 21 2012, 08:12 PM

this aspect, dun need to worry for anyone la...

those who like to eat salted fish should and would know how to fight thirst, so they say.

chances are majority can hold, unless bnm hike rates by 2-3% soon which is most unlikely.

no disagreement with you that some areas will see rows and rows, blocks and blocks empty for some time, but that may mean price stagnant or a slight softening in subsale prices, not the crash some are hoping for.

well know fact bn already sucked 60% of epf money for their projects. just hope it won't become 90% in the next year or so.

if epf collapses, no need to talk property anymore - our lives will be at stake.

i agree with both of you.
asking people to buy is the same sin as asking people not to buy.
especially on a specific dev.
can't be too faced about it. be consistent.

mysians like to think sgreans are waterfish, but that's a wish, not true.

penang will remain with pr and fdi will continue to to rise like now, incl props.
selangor has its problems, but the size of the economy keeps it going one way or another.
johor... iskandar... i see it as all bn bull, corruption, propganda, little will come out of it.

if i hv the big dough and look at 10yrs... penang, esp on the island is where i will put my money now.

bro, i agree with yr comments. in fact, i understand and appreciate all that u've been saying.

diversity is the spice of life, so stay cool and be yrself!

i salute the 2 of you for braving to post this as this thread can be intimidating with so many tigers and crocodiles.

this is where it counts but many will deny and ignore. but like some, i understand many investors, speculators and agents lurking in lyn, wanna "wan sek", so it is not easy to be polite and non offensive. esp in this general forum thread.

the naked truth, however you hate it, is while a minority new launches get snapped within hours (and many chose to cite temasya and reed but somehow not others), it is foolish albeit intentionally to ignore the bulk of new launches and subsale that aren't getting the same hot, spicy and juicy response. many bolehsians rich, can buy all hor...? please la....

i do not think asking subsale prices will drop 30%, but 10-15% is likely. and please wait for yr turn to sell as no serious buyer will rush.

newbies buying left right and center this year hoping to fart, pls wake up. May need to wait 3-5 years.

i stand by my position - 1. bolehsians aren't as rich as many think; 2. inflation will not go on and on w/o drop in demand in anything; 3. anytime is good time to buy a home for own stay, but not as investment.

ts grossing 80% gain is real and about right. tot some were saying now at 500k, 550k?
any prop bought in 2007-2008 no doubt had the highest gains, 50-100% upon completion - that we already know.
we should be more interested in those bought in 2010, 2011 and now when prices had gone up so high.

good point. i agree that places like bangsar, mk and even ttdi-bu have reached maturity and will enjoy slow but steady price appreciation in the longer term. short term price adjustments are possible.

now, if the primest areas are stagnating or softening slightly in subsale price, what then is the likely scenario for those new ones that started with a high price? herein lies the debate over and over again - true or false - there are always enough people willing to pay higher and higher prices in most places due to inflation, foreign buyers, etc. ?

aint that the truth and nothing but the truth!
wholeheartedly agree, again!
just beware those crying up 50% or drop 50%!
challenging times indeed. inevitably, some will lose, some will gain.

This post has been edited by AVFAN: Apr 16 2012, 07:06 PM