QUOTE(protogyl @ Aug 29 2013, 09:47 AM)
it is sign for the country to again see some who at the top of the cycle now going down. i hope we will become US. im not being mean, but people now are really greedy in owning props. not giving a single chance to those who are at the bottom of life cycle. the cycle of buy & selling has really impact the house price these recent years. yes, price increase to >1.0mil for intermediate link houses. but who r inthe game? same old chap. the buyers of the new increase price props are the same group of people.
they are only helping the country to have more expensive house than ever. please see around also. dont always think about your profit. look around how people been living. they r strugling to have a house. while people while people who flipping enjoying the money to buy more & more props..stop the greed chain. you maybe rich, but someday you will also have you next generation. dont blame them if they are poor in terms of not be able to buy a house coz it is too expensive
Bro, honestly, i totally cannot understand ur statement.
Flipping is not as easy as u think. We pay the downpayment for the origin high price set by the developers. Take it or leave it, if exp we dont enter, if exp but looks good, we try to enter with risk. When we sell, I selling something according to market prevail price against its demand. Since 2008-09, the prices keep increase due to value n cost increase. Nobody mention when prop hit crisis back then and unable to sell at even at developer price back in 1998-1999, who is helping the buyers cum borrowers to the bank that time?
I know there are some greedy owners such as market price at RM 1mil, he bought at RM 700k back then but due to demand, he is asking RM 1.2-1.3mil. These are greedy who aims for waterfish but what if really someone offer himself to buy it?
For those are bottom in their life, they have the chance to buy uf they work harder to earn more money from the salary. Why they earn so less? Its really depends on themselves n the ruling of government but not what greedy owners at high price. They can afford flat, but they wish a condo. Some buyers who wish to buy semi d but instead opt to 1mil intermediate due to budget issue, I dont see they should blame the greedy owners where the price n value is there to meet. A sound would not clap if one of the hand reluctant to do so.
Why the developers sell at much higher price? Why they put hefty discount and jack up the price by 10-50% over prevailed market price? Some benefited with low n easy entry to own first but some really worry they unable to buy later and there are some poison by the market that will appreciate at least 30-50% by completion.
Why HDA n MOH approved and allowed the developers sell the prop at much higher price? Do u think the older houses will catch up and appreciate if not all the nearby new houses sold by developers are super high price?
Why own buyers who flip for profit are greedy but not government and developers and market and banks and valuers? Why the 1mil intermediate landed buyers got to compaint owners are greedy bcz the flipper profit 200-300k but he himself unable to buy it at RM 700-800k back then or not willing to buy a RM 700k smaller landed or good condo at this time?
Logic?