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 Are property prices going to up further? V4, nothing's gonna stop us now

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Iceman74
post Nov 25 2011, 05:27 PM

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QUOTE(cherroy @ Nov 25 2011, 04:16 PM)
1) unrealistic, there is no such thing of property price should at what price. If there are people buying at that price and enough people buy at that price, it will stay at that price.
One may forever wait, and only see price keep on up and up.
Last time, 500k, unrealistic high, wait, then 600K, wait again, then 700k, wait again, now 850k, even price crash afterwards or plunge, it may from 850k, to 600k, still higher than 500k initially.
Not entirely true. If the person wanted to buy at RM500k 3 years ago but can't cos Salary not enough eg RM3k
Now if(BIG IF) it do drop to RM600k & his salary increase to RM5k. The person will be more comfortable buying it now.

Please do Remember this couple of years, properties price Increase dramatic. Out of ordinary, if you ask me. If you guys said cost of materials increase, please ask around to completely built a 2-storey same as those developers showhouse cost how much & you know what i mean.

Alot those investors(especially those newly enter) wanted it UP non-stop but this will cos more harm to Malaysia economy. We now as a whole rakyat cannot "TAHAN" the inflation increase too fast.

This post has been edited by Iceman74: Nov 25 2011, 05:56 PM
Iceman74
post Dec 8 2011, 10:52 PM

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QUOTE(TheDoer @ Dec 8 2011, 04:35 PM)
Regarding China's influence in Malaysia.  Want come come lar.  It's nothing more than 2 people fishing by the beach, see the is friend keep getting fish, and want to swap places.  It's still the same.  No change.

Everybody is just chasing after the non existent god of fortune.

Fortune none the les still come from our own pockets.

Let the chinese come, only then will the Malaysian know the problems about speculation.
*
agreed with you.

I was thinking, why would average chinese investors put his hard earn money in an unfamiliar place to invest?

Those superrich chinese, i know the reason lar but how many super rich chinese want to come to Malaysia? U all think, Malaysia "got gold pick" ar?
U can forget about chinese getting PR in Malaysia. It harder then hitting a lottery if go proper channel.

This post has been edited by Iceman74: Dec 8 2011, 10:53 PM
Iceman74
post Dec 9 2011, 02:55 PM

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QUOTE(katijar @ Dec 9 2011, 11:24 AM)
Next generation of rich property owners wont suffer...
*
what riches you have today, may not be rich next generation if the properties keep going up at these rate



500k 10 years ago - can get you a nice corner DSL or even Semi-D
500k now - can get you a nice cosy pigeon hole high up the sky
next generation - really don't know but 1 thing i do know, if inflation continue like this...i be a vagabond very soon cry.gif
Iceman74
post Dec 9 2011, 07:01 PM

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QUOTE(katijar @ Dec 9 2011, 03:36 PM)
500k landed now will become 1.5 million in 20 years mah... then cash out and buy a brand new property. where got suffer?
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haha...very good imagination u have tongue.gif

but come back to the same question, 20 years later do your next generation buying 500k house?
nope isn't it.

your next generation might need to buy new home that will cost more then 2.5M. If use current situation as a yardstick, all newly launch properties are price higher then old properties. Your next generation still suffer but lesser compare with no properties owner 20 years later.

This post has been edited by Iceman74: Dec 9 2011, 07:03 PM
Iceman74
post Dec 9 2011, 10:01 PM

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QUOTE(katijar @ Dec 9 2011, 09:42 PM)
then i buy 2 properties for each kid. Sure can afford this time.  whistling.gif
*
haha... yr kids how old?
can intro to mine drool.gif

i'm not as generous as u, i will give them each a roof above their head
The rest are for me & wife to enjoy our retirement
If they want nicer or bigger, they have to work their ass off
Iceman74
post Dec 10 2011, 12:53 PM

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QUOTE(katijar @ Dec 10 2011, 09:24 AM)
then yr next generation will suffer lor...
do you suffering or enjoying now?

why worry about next generation only, you are worrying too much sweat.gif
they will have their way of doing it when the come facing it.
maybe they do even better then us whistling.gif

Iceman74
post Dec 13 2011, 02:56 PM

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QUOTE(0106127 @ Dec 12 2011, 07:45 PM)
but SG have tightened the rules and increase stamp duty on foreign purchase. and Singaporeans have SDB flats to fall back to. malaysian no.

but do you know that Chinese ppl have been buying lots of property in Malaysia. Not units by units, but blocks by blocks.
Yes Blocks comes with 'S'
*
me also interested to know "where" & how many BLOCKS in which development?

I'm not talking about chinese company but as individuals purchases whistling.gif

This post has been edited by Iceman74: Dec 13 2011, 02:57 PM
Iceman74
post Dec 13 2011, 05:28 PM

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QUOTE(sampool @ Dec 13 2011, 04:40 PM)
it will drop to rental sustainable level... not difficult to calculate the % of the dropping..
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yup or unless rental also drop...then it chasing shadow or moving target tongue.gif
Iceman74
post Dec 13 2011, 06:01 PM

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QUOTE(cherroy @ Dec 13 2011, 05:47 PM)
In normal day, when inflation rises, central bank will raise interest rate to cool down the inflation.

But at the moment, we have extra-ordinary circumstance, as we can have both inflation and economy stalling.
Most central banks willing to risk inflation and prefer grow by opt for lower rate to prop up economy.

If economy collapse, surely rate cut across, ain't we see, almost zero interest across for Japan, US and many more developed countries.
*
the problem now is even interest rate are all time low but economy engine cannot start & run smoothly, always engine die or almost die when you think is ok jor... tongue.gif

how to jump start economy? hmm.gif

me better play miss the boat situation then in a sinking boat on the open sea laugh.gif

Iceman74
post Dec 15 2011, 07:17 PM

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QUOTE(wwwcomment @ Dec 15 2011, 02:26 PM)
you still have not answer those chinese bought which blockSSSS.
there is a big difference between buying some units and buying few blockSSSS

we can share many thing in forum
but try share more facts rather than b**lshit...
*
haha... me thinking same like you

Those you so call china si lai...no need to look further.
Malaysia also got, Indo also got & Sg also got
sometime no need be "si lai" also can buy...those young & pretty "Sexretary" are aplenty & powerful too tongue.gif


Added on December 15, 2011, 7:37 pm
QUOTE(AVFAN @ Dec 15 2011, 06:26 PM)
foreigners buying cheap local props? lots of foreign money coming in? debt is fine, no worries?
give a little thought why and how those crooks are siphoning so much money away from the country and what happens when the music stops.
we little fellas should be afraid, be very afraid!
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not to miss, they get mass profit from it doh.gif

This post has been edited by Iceman74: Dec 15 2011, 07:37 PM
Iceman74
post Dec 19 2011, 09:12 AM

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QUOTE(WintersuN @ Dec 19 2011, 08:55 AM)
KL drop 50% but Penang still build build and build
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I believe Penang Island properies price will much better compare to KV
If me not mistaken, Penang have the most millionaires in malaysia
Iceman74
post Dec 19 2011, 09:30 AM

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QUOTE(kochin @ Dec 19 2011, 09:15 AM)
hhmmmm...

if prices goes up in 2012,
group renting and waiting suffer more (because now cannot buy, if up 'lagi' cannot buy)
group of investors and flippers cheer

if prices maintain in 2012,
group renting and waiting still suffer (because paying rental every month mah)
group of investors and flippers still cheer

if prices goes down a bit in 2012,
group renting and waiting might still lose (if rental paid > price drop)
group of investors and flippers try harder to look for tenants or lose a little (but those that bought in 2009 would not be hit at all. just less profit)

if prices goes down a lot in 2012,
group renting and waiting might not want to buy anymore (fear of recession and thought of prices further deteriorating)
group of investors and flippers is ready to sapu more properties judging by the huge cashflow reserve that poll indicated in this forum and others

it's sad but i think it's true.
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not necessary true...especially the last qoute. It may be like this
group renting and waiting might not want to buy anymore (fear of recession and thought of prices further deteriorating)
group of investors and flippers is ready to sapu more properties but hold on the purchases.
& everyone see the properties price drop like durian runtuh price...everyone happy, until.....

the next round of same debate in LYN forum biggrin.gif

so if you are the renting now, die die also buy on rebound & not on falling knife brows.gif
Iceman74
post Dec 19 2011, 01:34 PM

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QUOTE(sampool @ Dec 19 2011, 11:12 AM)
china intellegent lah... their decision making is not depend on ge.. as not ge like us. their gomen already foresee the crash due to big land bank in china. America, got ge that is why alot of promises.... like my and others places as well... see how after ge loh... i m abit -ve.

wat our gomen is doing by the way?  rclxub.gif
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busy preparing/decorate our ass to save/replace their ass in the hot seat coming economy storm ahead laugh.gif

after the storm over, as usual they will come out of their bunker, sapu everythings & tell/help us how to save our ass again tongue.gif

This post has been edited by Iceman74: Dec 19 2011, 01:50 PM
Iceman74
post Dec 21 2011, 10:22 AM

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QUOTE(zuiko407 @ Dec 21 2011, 09:19 AM)
2012 Olympic
2013 SEA game
*
2014 World Cup rclxms.gif

my advice is,
if you are renting & find yr dream affordable 1st home, go for it. There are no risk as you will staying it more than few years. By the time you upgrade, there might be a new up cycle properties boom.

If you are investors or flippers....well, do you own homework lar...dun be spoonfed sweat.gif doh.gif

This post has been edited by Iceman74: Dec 21 2011, 10:26 AM
Iceman74
post Dec 21 2011, 10:49 AM

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QUOTE(sampool @ Dec 21 2011, 10:37 AM)
one word "Holding-power" must be strong, short term 2-3 yrs. long term 10 yrs.
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silly question ar... if everyone "Holding Power" strong as many here reported either cash rich or properties rich, where got properties crash hor? whistling.gif
Iceman74
post Dec 22 2011, 10:10 PM

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QUOTE(R o Y @ Dec 22 2011, 08:30 PM)
You can get the House Price index for Malaysia from:http://napic.jpph.gov.my/epsKeyStatistics/...tletWindowsnpbj

1988 - 92
1989 - 96
1990 - 100
1991 - 126
1992 - 141
1993 - 148
1994 - 159
1995 - 189
1996 - 213
1997 - 217
1998 - 196
1999 - 192
2000 - 203
2001 - 206
2002 - 211
2003 - 219
2004 - 230
2005 - 235
2006 - 240
2007  -252
2008 - 264
2009 - 268
2010 - 286

From 1988-1997 prices increased 135% equivelent to 10% compounded increase per annum

From 1997-1999 prices dropped 12% equivelent to 6% drop per annum

From 1999-2010 prices increased 49% equivelent to slightly over 3% compounded increase per annum

No drop during Global Financial Crisis

The price increase we are experiencing now is nothing compared to the price increase seen during the decade before the Asian Financial Crisis.

Even with the continuous 10% compounded increase per annum prior to 1997, our House price index only dropped 12% in 2 years during the AFC.

If the market only dropped 12% during AFC, after massive gains of 10% per annum prior to AFC, do you see our market and economic fundamentals right now being worse than prior to AFC?

At 3% per annum for the past 10 years, our prices still have alot of catching up to do.

That being said, this is just my analysis of the data published by the Government. Other are welcome to share their analysis as well and hopefully we can have intelectual exchanges based on facts and figures.

I certainly do not go out there spreading false rumours. Ironically the one claiming others are making unfounded allagations is also making unfounded allagations of their own.
*
very good data thumbup.gif
Got any1 with yearly Consumer Price Index & Income Index that we can compare side by side would be nice
Iceman74
post Dec 28 2011, 09:09 PM

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QUOTE(R o Y @ Dec 28 2011, 09:03 PM)
2012 marks the end of the world according to the Mayan calander. Property price will be cheaper after that =)
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no lar... will be super expensive ler
hellnote can be in multibillion per piece ler laugh.gif

somemore all migration there in an instant...where got so much supply tongue.gif

This post has been edited by Iceman74: Dec 28 2011, 09:11 PM
Iceman74
post Dec 28 2011, 09:58 PM

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QUOTE(mellomm @ Dec 28 2011, 09:53 PM)
Its what you call reality check. The easy flipping days are gone am afraid. I also wish it can continue but those were the good old days. Now different strategy is needed
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strategy remain the same(location, location, location), only greedy flipper overlook it jer sweat.gif


Added on December 28, 2011, 9:59 pm
QUOTE(cherroy @ Dec 28 2011, 09:40 PM)
2012 end of world, believe or no believe make little difference one.
Unlike believing dooms day in economy or property market crash, this has significant different consequence due to one's believe/strategy/attitude towards one's wealth aftermath.

For 2012 dooms day/end of world.

1. Believe, scare everyday about dooms day, worry until mind also crazy, if really come, die.
2. No believe, enjoy normal life, if really come, die also.

No different.  biggrin.gif
*
ya lor
For me,
better come fast since all die together, less worry get old biggrin.gif
Die is least of my worry, the longer we live, the more problem we face

This post has been edited by Iceman74: Dec 28 2011, 10:02 PM
Iceman74
post Dec 29 2011, 04:18 PM

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QUOTE(sampool @ Dec 29 2011, 09:10 AM)
i m sure u still single.. family man with children never wanted this to happen.
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no longer single long long time ago...a family man with 2 wonderful kids

when you see & experience what i experience, you will think otherwise
like i said, if really end of the world, I really don't want my children left along in this world.
Iceman74
post Dec 29 2011, 04:25 PM

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QUOTE(TheDoer @ Dec 29 2011, 09:30 AM)
With regards to "location" to disqualify one as a gambler, well professional gamblers or common gamblers are still gamblers,   no one can tell for certain which area will go up, just as you can't tell whether you're going to win the next round of betting.

It's just "informed" guess work.

As for end of the world.  well if it's true, I'm gonna liquidate all my assets and party like there's no 2012.  wohoo...
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how do you category a "gambler"?

for me, if the person lose the gamble & cannot cope with the losses. That is a gambler

If you are well informed about properties do & don't...i really don't see it you will fail miserable.

This post has been edited by Iceman74: Dec 29 2011, 05:06 PM

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