Nov 26 2011, 05:26 AM
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.
2) Unrealistic, like waiting rabbit to hit the tree. It is not the like only one enter the bidding for the auction.
3) Yes, there is realistic, what you can earn, what you can buy or afford to buy. Alternative, increase one's income level.
Don't need to complain, don't need criticise, don't need hope price to crash, when seeing price keep on going up.
If see it too high cannot afford, just let it be, just let go and just like (3). That's all.
Added on November 25, 2011, 4:19 pmDon't get me wrong, I am not saying buyers should or shouldn't continue bbb mode.
In fact, current pricing is somehow elevated, my personal opinion, just nobody has the crystal ball to predict how property market may be heading for in near term.
True.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.
2) Unrealistic, like waiting rabbit to hit the tree. It is not the like only one enter the bidding for the auction.
3) Yes, there is realistic, what you can earn, what you can buy or afford to buy. Alternative, increase one's income level.
Don't need to complain, don't need criticise, don't need hope price to crash, when seeing price keep on going up.
If see it too high cannot afford, just let it be, just let go and just like (3). That's all.
Added on November 25, 2011, 4:19 pmDon't get me wrong, I am not saying buyers should or shouldn't continue bbb mode.
In fact, current pricing is somehow elevated, my personal opinion, just nobody has the crystal ball to predict how property market may be heading for in near term.
You will never win by waiting and waiting. Don't be emotional and stop dreaming about getting your dream house. Buy whenever you can, you need to get into the market as early as possible and move with the market fluctuation and in the mean time save and aim to upgrade to your dream house later.
I always tell my wife no point getting a beautiful house now that will suck all our cash flow and spending 30 years to pay it off. Buy a few investment properties now, small/ affordable/ cash flow positive ones. Continue to save and upgrade when the fruits from these investments are ready.
Most of our friends in their mid 20s already buying 600k to 1mill property for own stay and will be spending the rest of their life paying off the debt. No extra money for other investments, its difficult to reach financial freedom.
I always think my own home is a liability, not generating income but sucking my networth.
Added on November 26, 2011, 5:39 amBy the way, property prices in Klang valley is too hot at the moment, especially the newly launched props. Which idiot will pay RM1.2 million for a 1300sqft condo in subang jaya. It doesn't make sense. I am not sure if any locals will pay this sort of prices.
I would rather buy something better overseas with good rental yield.
Property prices in Australia is cooling off and prices in some areas are dropping like 10%+ already. It will soon hit China. These sort of prices are unsustainable in my humble opinion.
We will see whats gonna happen next in Malaysia.
This post has been edited by SilverfoX: Nov 26 2011, 05:39 AM
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