see this kiddo brought up gold again, this time it wasn't me really. If you want to tell me something, face me, just call my nick name don't simply call me "the fellow" or "gold GUY"

Every time the banking cartel smashing gold with paper shorts, you must come out and yell PUI! and ask me to "take eat" my words? how pathetic mentally undeveloped and immature...

Gold prices have been smashing like this for over 10 years (especially when the western markets closed for holiday while Asian markets are trading). Gold never went up in straight line and no markets did. This is how the markets work. Go read some bull market charts kiddo.

Oil prices corrected over 50% a few times in the past 11 years commodity bull market, and still up 5 fold today. Gold has corrected 15% in 6 months, so what?

Anyone buying? I'm buying physical with both hands along with central banks of China, Russia, India, South Korea, Mexico, Thailand, Indonesia, Bolivia etc. It's a gift, mark my words!

Traders can leverage through gold ETF/option/future, but the thing is every time gold prices get smashed you will get margin call until your pants drop. Buy with 20% margin in the long side, within few days you are wipe out. It won't work in this sector. Worst case you will end up like MF Global's customers.


There are over 9 millions foreclosed homes in the US waiting for a next greater fool, go get your millions dollar 5 star apartment in New York while the unit next door is selling at 70% discount. Go get it kiddo. Nobody is stopping you to get an another 40 year mortgage, what about passing down to your grandchildren as their birthday gift before they even born?


Kiddo, I doubt you have the financial literacy to understand what I'm about to share, hope other LYN forumers do.


DEBT crisis in Japan, the US, the UK, and PIIGS/Eurozone >>> they have 3 options to solve it


Option 1: Outright default of sovereign bond or refuse to pay = declare bankrupt (many countries did this throughout history, http://en.wikipedia.org/wiki/Sovereign_default) = currency in that particular country becomes wall paper

Option 2: Print digital money to pay it back = hyperinflation = currency in that particular country becomes toilet paper

Option 3: Pay it back = mathematically impossible even raise income tax to 100% = extend and pretend like what they are doing now is just buying time


We are talking about the reserve currencies of the world = USD and EUR, the largest economies on the face of the earth. See the importance of holding yellow shiny metal?

The current 40 years of experimental monetary system requires exponential growth of money supply due to compound interest, we are in the final parabolic phase. What's a hockey stick telling us? Collapse is ahead!


For those bumiputra LYN forumers, you may want to listen to your Islamic leaders Sheikh Imran Hosein and Louis Farrakhan. They are great men who dare to tell the truth!


Kiddo, I still doubt you mentally can or willing to comprehend all these by a contrarian voice. Let's goreng goreng goreng property and become millionaire in your wet dream before correction correction correction. May our argument rest in peace

My apology if I offended others.



This post has been edited by debtismoney: Apr 6 2012, 01:32 AM

Error

This post has been edited by debtismoney: Apr 6 2012, 01:25 AM

This is how a fool becomes a greater fool >>> EGO (I'm not saying you kiddo)

Learn to gain from voices that opposed to yours or that of the majority. When you grow older you will know the philosophy behind it >>> 忠言逆耳

Don't act like innocent and others pissed you off without a reason, It was you posted some insulting and provoking posts in the first place. To earn respect you must show respect, anyway I don't think someone will understand this...

PS: I never asked people to listen to me, why would they? People make their own decisions and think for themselves, as simple as that.

This post has been edited by debtismoney: Apr 6 2012, 06:01 PM

hahaha. Don't act like you are innocent again kiddo, you take things personally in the first place.

You are repeatedly pointing at someone and saying he/she is wrong, crap, rubbish, garbage and even yelling PUI! (I believe most grown ups would say this is uneducated and provoking attitude). What exactly do you want to prove to us by pointing at people and saying they are crap? Will this make you look smarter?

We are here having fun and sharing opinions, not making psychic predictions.


Back to the forum thread >>> I said we are in a housing bubble and never said when the market would correct. I told you the banking community would tighten housing lending to curb speculation and household debt 6 months beforehand, it's happening now. I predict if home loan approval/size continues to shrink for 6 months, the residential property prices must correct! These are my views, what if they turn out to be wrong, so what? Why would people make financial decisions by listening to me?


Be a man, don't be a crying baby that takes things personally, and repeatedly points at others.

This post has been edited by debtismoney: Apr 7 2012, 09:17 AM

http://www.dailymail.co.uk/debate/article-...o=feeds-newsxml

"Insanity. In the decade from 1997, house prices trebled. They didn’t treble because British houses had suddenly trebled in size, or because people had become three times richer, or even because inflation had skyrocketed. They trebled because banks made it easy to borrow, easy to bid up the prices. That was all." >>> The UK house prices trebled in 10 years, bolehland doubled in 2 years?

Good luck to EPF and SP Setia who venture into the UK property market.


http://www.reuters.com/article/2012/04/04/...E83319E20120404

"But a painful part two of the slump looks set to unfold: Many more U.S. homeowners face the prospect of losing their homes this year as banks pick up the pace of foreclosures."

"We are right back where we were two years ago. I would put money on 2012 being a bigger year for foreclosures than 2010,"

"One big difference to the early years of the housing crisis, which was dominated by Americans saddled with the most toxic subprime products -- with high interest rates where banks asked for no money down or no proof of income -- is that today it's mostly Americans with ordinary mortgages whose ability to meet payment have been hit by the hard economic times."

"The subprime stuff is long gone,"

"Now the folks being affected are hardworking, everyday Americans struggling because of the economy."

This post has been edited by debtismoney: Apr 7 2012, 11:25 PM

hahaha Kiddo's ultimate workable solution >>> SILENT your opponent when you are in a vulnerable position. Just like BN sent Mr Anwar, Lim Kit Siang, and Lim Guan Eng to jail in order to silent them and eliminate opposition. I guess you won't execute innocent people, wouldn't you?

Great! Filter my posts by adding me to your ignore list. What about digging a hole and burying your head into the sand? So you can live in your own fantasy world without criticism and opposition forever?

I'm saying we are having a housing bubble in KV NOW not if it would happen in the NEAR FUTURE as you pointed out don't twist what I've said.

I really don't mind you repeatedly talk down my posts are CRAP and RUBBISH, It just won't make you look intelligent. In fact, I'm enjoying seeing how desperate you are


Once again my apology to others who might feel sarcastic and offended.

Ever heard of globalisation? We do not consume what we produce, and we do not produce what we consume.

The whole world is connected in terms of market sentiment, liquidity flow, demand/suppy etc. We are not isolated on an island or head buried in the sand.

When investors from China, Taiwan, Singapore, middle east etc are bidding properties in KV, it would be unwise to ignore the world property market sentiment.


Testing testing 123, someone may not be able to read these as I'm blocked by someone peace

But the thing is many people with vested interest are active in this forum, i.e., mortgage brokers, RE agents, developers, builders, building material suppliers, hardcore flippers, bankers etc.

When someone says something bad about the property market other than BBBlindness which might affect their rice bowl, the party with vested interest would stand together and rout you out! If I was in RE industry, I would do the same either this is just human nature. I believe you get my point.

Constructive discussion is achievable but needs some efforts. Please refrain from personal attacks, shall we? If not we would not bow down to provocative writing.

Cheers bro, we are all learning from each other.

May we get wiser and wiser as we age

Don't celebrate just yet. The Finance Ministry's Property Market Report show transacted prices for the WHOLE COUNTRY. So how "solid" are those figures to debunk the myth of the bears?

We came across a report a couple of months ago, the official data says median house prices in KL is about 500k, and 400k for Selangor state?


Developers are selling 350sf shoebox apartment located outside of the city centre at 360k these days. Saying there is no bubble at all is just fooling yourself.

Someone lives in fantasy land might think the music will never stop... just like those riding the tech bubble in the millennium.

Historically, all markets experienced exponential growth must follow by a crash. We have had exponential growth in KV property market in the past 2 years (price doubled in 1 or 2 years?). It's baked in the cake.


Over-owned, over-supplied and overpriced >>> bubbles. Let's talk up the market see whether it will work or not

This is just the beginning, wait until those block after block, and row after row of units which are under construction now get VPed.

When those flippers who bought with credit cards or speculative scheme (i.e. 5k down to buy a million bucks home) flood the market with their empty units en masse, where are they going to find the next greater fools? Will smart money with cash on hand pay their asking price when the whole block of condo is empty? Those millionaires are not dumb, when the tide comes sweeping in, they will be on the other side of the market or I should say smart money already positioned themselves on the hill and watching the herd get slaughtered...


I came across this from other forum, THIS IS JUST THE BEGINNING!

http://www.myrealestate.com.my/viewtopic.p...r=asc&start=800


"Talk about KL Property Bubble, I have seen more and more interesting sales for big units around KLCC.

The Avare launch price was RM 3.1m (RM816 psf). All sold in Oct 2007 and only 40% were sold to Malaysian.

Got people wants to sell below developer price, RM 800 psf at auction price, in order to exit Malaysia market quickly.

Now, auction at RM 2,624,400 (RM 691 psf)! Really 2 6 2 4 4 (pronounce in Cantonese!)... This unit was put for auction in Nov 2011, Feb 2012.. so many rounds like the one in the Troika...

Wonder why ppl still think rich Chinese will come to sapu KL property.... (by the way, the auction unit was bought by Japanese... the auction unit in Troika was Hongkonger... units from the foreigners also kenang auctioned!)"

Condotel@Empire City, Damansara Perdana? I think it should call Conned-otel instead

Have a look the thread below, I haven't had a chance to verify it. Comments, anyone?


http://forum.lowyat.net/topic/1566155/+360

"QUOTE(n00b123 @ Jun 14 2011, 02:05 PM)
i got a sms from the agent regarding the launching for the New Condotel@Empire City..

Empire City@Damansara Perdana. Last Phase Open For Booking
Fully Furnish Studio Apartment.
RM360k onwards.
Low Down Payment. 5% early bird discount for a limited time only
No interest during construction *DIBS*

this is very old news d, at least 1 month before i already receive jor ...

360k for 350 sf ..."

This post has been edited by debtismoney: Apr 13 2012, 07:23 PM

If the housing market plummets, you might lose your rice bowl. Do whatever you have to do to talk up the market (if I were you I would do the same, so peace), but I'm not sure how effective it is. Historically, talking up the market never worked. Why?

Turn on your TV and tune into Bloomberg, MSNBC, FOX News, CNBC, CNNMoney, The STAR, maybe ASTRO as well. 365 days a year, 7 days a week, 24 hours a day, every moment the hosts are saying "NEVER BEEN A BETTER TIME TO BUY, THE STOCKS ARE SO CHEAP, AMAZING TIME TO BUY A HOUSE, LET'S CELEBRATE", even at the peak of every bubble in the past.

By the way, any people in the right mind still expect to hear negative news from the TV/newspaper? The ruling elites are herding us like sheeple, but majority of people don't pay attention to it and are playing iPhone, Facebook you tag me I tag you everyday.

This post has been edited by debtismoney: Apr 13 2012, 10:51 PM

wuhahaha! No doubt, kiddo is really living in his own fantasy land, and head buried in the sand!!!

Is kiddo talking about condo in kampung?? Even condos in Puchong, Seri Kembangan are being sold at above 500psf. Isn't the median house price in KL is about 500k? Shit hole flat might be selling at 200k onwards...

You make me remind of 馬華瘋婆子拖車姐Jessie Ooi http://www.youtube.com/watch?v=VpuZur09OMU very very entertaining indeed!

Ever heard of SetiaWalk? Duet Residence?

Don't worry, the "shooting" is only between kiddo and myself. As I'm the lucky one chosen by kiddo. Peace.

The main point is condos in Puchong are being sold at above 500psf. Full stop.

"both are more for own stay then investment."?? Once they get vacant possession, see how many units will be put on the market for subsale, owner occupied rather than flipping? I really doubt it.

http://www.iproperty.com.my/property/searc...m=&wv=&wa=&pg=1

Btw, there are 130 units at SetiaWalk listed for sale. Owner occupied?

I thought you guys in the housing sector like to talk up the prices, but now talking down the prices instead? something fishy is happening behind the scene.


http://www.iproperty.com.my/developments/2...@_SetiaWalk/#m1

Trigon Luxury Residences @ SetiaWalk
Built Up:968 - 1776 sq. ft.
Listing Price:From RM583,800 - RM1,438,500

Bro, 1438500/1776 = 810psf

This post has been edited by debtismoney: Apr 14 2012, 01:44 PM

The whole point is the Avare unit was auctioned at -10% below the developer launch price. Who cares the name of the previous owner?

It doesn't mean the KL property market has crashed, but it is heading for a correction might be a better phrase.

This post has been edited by debtismoney: Apr 14 2012, 01:19 PM

I think you misunderstood, let me rephrase, TV/newspaper are talking up the property/stock markets 24/7/365 even at the peak of every bubble in the past, but still all bubbles popped. Which means talking up the market never worked, I hope you get my point. Personally, I think CNN/CNBC/Bloomberg/Fox News are useless presstitute, don't waste time watching them even for GENERAL info.

I have to admit I love real estate, my last purchase was in 2008. But now is a dangerous moment, exponential price increase since 2009 was due to cheap loans but not income/GDP growth is not sustainable, you might want to call it golden era while still enjoying the bubble high.

The whole world is connected like never before, markets in the major economies rise and fall together like never before. This includes stocks, property and commodities markets. The housing markets in the west have collapsed (including world sentiment towards real estate), Asian countries including bolehland have delayed the cycle with cheap and easy loans. How long it can last? Until the people can no longer take on more debt without matching income growth or deleveraging.

The housing markets in the west might not recover until 2020-2025 due to their demographics, they are going to have millions and millions of baby boomer retire within the next 10 years. Solution? Create a large-scale war in order to put the millions of unemployed back into workforce...

This post has been edited by debtismoney: Apr 14 2012, 09:13 PM

I quoted someone from other forum - myrealestate.com.my http://www.myrealestate.com.my/viewtopic.p...65b4246ede76951

It wasn't me saying the owner was Japanese, and foreigners are defaulting their mortgages or whatever... so peace


Another quote from the forum above

"I am preferred banking customer, almost bought an unit in MK early of this year, relationship manager has advised me that occupancy rate for those new completed house less than 20%, I don't know how are they get this number and expected MK is the highest risk area when market collapse. Now they has stoppped providing loan to this area except preferred banking customer only. Puchong wise has better occupancy rate and most of owner are buying for own stay. Therefore, Puchong is better place to against market collapse," said oldman 8088.

This post has been edited by debtismoney: Apr 15 2012, 06:58 AM