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> What is left for the middle class?

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TStriny
post Mar 9 2013, 11:45 PM, updated 12y ago

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I graduated sometime in 2010 and thereafter, alone, I traveled from South Peninsular Msia and started work in KL. As a fresh graduate, I am glad I had no commitment back then. Being a middle class (I am using the term loosely), not relying on any form of financial support from the family, I struggle to save money. Some 2 years later, when I finally have at least some enough saving to purchase my first property, my first commitment to me life, I noticed I am just a helpless (single) middle class, and find myself probably in the lowest tier of the category (though I am happy for my peers who have their bf/gf to share the installment with them and live comfortably in a condo albeit not landed prop).

My experiences with real estate agents are nasty to the utmost. The first thing they ask before you even want to view the property is: how much do you earn? Are you able to take a loan? You need to prepare at least 100k cash because the bank valuation is lower than the selling price? Do you have that money? And finally, yes, they tell you upfront what they do is:- they purchase properties from sellers, keep it for their own and sell it to you whenever they feel like it, or you beg for it (p/s and the price is not negotiable).
Yes, there are many articles, analysis of 'expert' where they said the youngster now find it difficult to purchase a property because

i) there are cheap properties (like flat of about 180k-250k) around but they are choosy
ii) there are many options out skirt of town not preferred by the youngsters. They are not willing to travel.
iii) youngsters now want "cheap and good" properties
iv) they want to live in a good environment

I find this extremely offensive. This means we have to accept this situation :- where one could not afford a 400k-500k 1,000sq ft condo in KL (sub sale), you shouldn't be complaining because
i) malaysia property market is still 'slow' and 'low'
ii) just stay in nilai, semenyih, or even seremban to travel to KL everyday, whats the big deal (regardless of the toll?)
iii) you can still afford a flat or an apartment where the residents are at least 40% foreign labour (forget about new launching because is 500k and above) i.e. your monthly installment is at least RM2,500

This sound like we are being pushed to low class i.e. stay in flat, or far far away (to avoid jam and toll, dont drive, ride a motor or take ktm or maybe the bus with the foreign labour), or continue renting from the elite class (investors, people strong financial background, holding many properties) and help them with their installment

There are many speculations around,is it the real estate agents? Is it the foreign investors?

Whatever the cause is, so be it, just that what is left for the middle class (soon will be pushed to a lower hierarchy), particularly those in KL (with no financial background)?
Really is there anything that could be done to assist? (apart from the projects which I need some luck with it)



AMINT
post Mar 9 2013, 11:53 PM

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Sorry to say but youngsters nowadays complain too much. Just find a property that is reasonable that one can afford. Cannot afford, go for Pr1ma. If cannot get Pr1ma, go for nilai, seremban, putra nilai etc. A few people i know who started working just bought there. Not that far what. It took me 20 minutes my from klcc to putra nilai. Nilai 3 to puchong also took me only 20 minutes. I also dont mind buying a house there, honestly if i dont have much resources. Soon, even nilai and seremban also gonna be expensive. Just check out nilai impian, seremban 2 prices. So buy before too late. Dont wait and complainx1000. I bought my 1st house when i was 23 years old and my salary was rm2100 after tax. It was 6 years ago. Not that long ago.
joeblows
post Mar 9 2013, 11:59 PM

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QUOTE(triny @ Mar 9 2013, 11:45 PM)
I graduated sometime in 2010 and thereafter, alone, I traveled from South Peninsular Msia and started work in KL. As a fresh graduate, I am glad I had no commitment back then. Being a middle class (I am using the term loosely), not relying on any form of financial support from the family, I struggle to save money. Some 2 years later, when I finally have at least some enough saving to purchase my first property, my first commitment to me life, I noticed I am just a helpless (single) middle class, and find myself probably in the lowest tier of the category (though I am happy for my peers who have their bf/gf to share the installment with them and live comfortably in a condo albeit not landed prop).

My experiences with real estate agents are nasty to the utmost. The first thing they ask before you even want to view the property is: how much do you earn? Are you able to take a loan? You need to prepare at least 100k cash because the bank valuation is lower than the selling price? Do you have that money? And finally, yes, they tell you upfront what they do is:- they purchase properties from sellers, keep it for their own and sell it to you whenever they feel like it, or you beg for it (p/s and the price is not negotiable).
Yes, there are many articles, analysis of 'expert' where they said the youngster now find it difficult to purchase a property because

i) there are cheap properties (like flat of about 180k-250k) around but they are choosy
ii) there are many options out skirt of town not preferred by the youngsters. They are not willing to travel.
iii) youngsters now want "cheap and good" properties
iv) they want to live in a good environment

I find this extremely offensive. This means we have to accept this situation :- where one could not afford a 400k-500k  1,000sq ft condo in KL (sub sale), you shouldn't be complaining because
i) malaysia property market is still 'slow' and 'low'
ii) just stay in nilai, semenyih, or even seremban to travel to KL everyday, whats the big deal (regardless of the toll?)
iii) you can still afford a flat or an apartment where the residents are at least 40% foreign labour (forget about new launching because is 500k and above) i.e.  your monthly installment is at least RM2,500

This sound like we are being pushed to low class i.e. stay in flat, or far far away (to avoid jam and toll, dont drive, ride a motor or take ktm or maybe the bus with the foreign labour), or continue renting from the elite class (investors, people strong financial background, holding many properties) and help them with their installment

There are many speculations around,is it the real estate agents? Is it the foreign investors?

Whatever the cause is, so be it, just that what is left for the middle class (soon will be pushed to a lower hierarchy), particularly those in KL (with no financial background)?
Really is there anything that could be done to assist? (apart from the projects which I need some luck with it)
*
Just wait.....our time will come. Patience young padawan. biggrin.gif

In the meantime, consider preparing some cash - ideally you should be doing a couple of things:
a) Control cashflow
b) Trying to maximize earning power
c) Avoid tying yourself to too many liabilities - car loan, credit card and personal loan are the main culpits.
d) Optional - get married to someone with minimum similar earning power to yourself and good money management. laugh.gif

If you can do all those, the next 12-24 months, you should be able to reap your reward. Trust me on this...

PS: You will also see those speculator get their "punishments". Don't feel too sorry for them, they made their bed due to greed so now they need to lie in it..

This post has been edited by joeblows: Mar 10 2013, 12:20 AM
skcJVN
post Mar 10 2013, 12:14 AM

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QUOTE(joeblows @ Mar 9 2013, 11:59 PM)
Just wait.....our time will come. Patience young padawan. biggrin.gif

In the meantime, consider preparing some cash - ideally you should be doing a couple of things:
a) Control cashflow
b) Trying to maximize earning power
c) Avoid tying yourself to too many liabilities - car loan, credit card and personal loan are the main culpits.
d) Optional - get married to someone with minimum similar earning power to yourself and good money management.  laugh.gif

If you can do all those, the next 12-24 months, you should be able to reap your reward. Trust me on this...
*
+1 thumbup.gif
find solution n not to complain/blaming too much . this is the way to become more mature. young man!
TStriny
post Mar 10 2013, 12:21 AM

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QUOTE(AMINT @ Mar 9 2013, 11:53 PM)
Sorry to say but youngsters nowadays complain too much. Just find a property that is reasonable that one can afford. Cannot afford, go for Pr1ma. If cannot get Pr1ma, go for nilai, seremban, putra nilai etc. A few people i know who started working just bought there. Not that far what. It took me 20 minutes my from klcc to putra nilai. Nilai 3 to puchong also took me only 20 minutes. I also dont mind buying a house there, honestly if i dont have much resources. Soon, even nilai and seremban also gonna be expensive. Just check out nilai impian, seremban 2 prices. So buy before too late. Dont wait and complainx1000. I bought my 1st house when i was 23 years old and my salary was rm2100 after tax. It was 6 years ago. Not that long ago.
*
Hi, thanks for sharing your experience. Glad that you are not stuck in the position of the youngsters now. The property market in Puchong also fly high like a sky.

You remind me of the mindset of some leaders (cant remember who) some time ago: " Malaysians like to live in high standard living style, if living cost is so high, Malaysian should reduce its standard of living e.g. jalan kaki atau berbasikal pergi kerja la, apasal complain banyak banyak"

No doubt, people strive to be better, that is what our parent and the earlier generation achieved for working hard those days. I dont see it now. We strive hard, struggle to live a standard living style and are still stuck in the pyramid. Just because living cost and property price is high, does that mean we should tolerate with it and accept that now we should reduce our standard of living?
TStriny
post Mar 10 2013, 12:24 AM

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QUOTE(joeblows @ Mar 9 2013, 11:59 PM)
Just wait.....our time will come. Patience young padawan. biggrin.gif

In the meantime, consider preparing some cash - ideally you should be doing a couple of things:
a) Control cashflow
b) Trying to maximize earning power
c) Avoid tying yourself to too many liabilities - car loan, credit card and personal loan are the main culpits.
d) Optional - get married to someone with minimum similar earning power to yourself and good money management.  laugh.gif

If you can do all those, the next 12-24 months, you should be able to reap your reward. Trust me on this...

PS: You will also see those speculator get their "punishments". Don't feel too sorry for them, they made their bed due to greed so now they need to lie in it..
*
option (d) is the best idea thumbup.gif , but rather hard to achieve compare to (a)-©


The problem is, the speculators are saying you should buy now otherwise 12-24months later you can never afford because by then the properties will be 100k-200k higher but salary only 500-1000 higher doh.gif / any thought to share?

This post has been edited by triny: Mar 10 2013, 12:25 AM
SUSInF.anime
post Mar 10 2013, 12:25 AM

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Now those agents are more friendly than before.. not dare to lcly like the good business time.
zuiko407
post Mar 10 2013, 12:27 AM

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In subsales market, We have plenty of flat cost below 200k, I don't see any problem to live there
macho dog
post Mar 10 2013, 12:30 AM

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QUOTE(triny @ Mar 9 2013, 11:45 PM)
I graduated sometime in 2010 and thereafter, alone, I traveled from South Peninsular Msia and started work in KL. As a fresh graduate, I am glad I had no commitment back then. Being a middle class (I am using the term loosely), not relying on any form of financial support from the family, I struggle to save money. Some 2 years later, when I finally have at least some enough saving to purchase my first property, my first commitment to me life, I noticed I am just a helpless (single) middle class, and find myself probably in the lowest tier of the category (though I am happy for my peers who have their bf/gf to share the installment with them and live comfortably in a condo albeit not landed prop).

My experiences with real estate agents are nasty to the utmost. The first thing they ask before you even want to view the property is: how much do you earn? Are you able to take a loan? You need to prepare at least 100k cash because the bank valuation is lower than the selling price? Do you have that money? And finally, yes, they tell you upfront what they do is:- they purchase properties from sellers, keep it for their own and sell it to you whenever they feel like it, or you beg for it (p/s and the price is not negotiable).
Yes, there are many articles, analysis of 'expert' where they said the youngster now find it difficult to purchase a property because

i) there are cheap properties (like flat of about 180k-250k) around but they are choosy
ii) there are many options out skirt of town not preferred by the youngsters. They are not willing to travel.
iii) youngsters now want "cheap and good" properties
iv) they want to live in a good environment

I find this extremely offensive. This means we have to accept this situation :- where one could not afford a 400k-500k  1,000sq ft condo in KL (sub sale), you shouldn't be complaining because
i) malaysia property market is still 'slow' and 'low'
ii) just stay in nilai, semenyih, or even seremban to travel to KL everyday, whats the big deal (regardless of the toll?)
iii) you can still afford a flat or an apartment where the residents are at least 40% foreign labour (forget about new launching because is 500k and above) i.e.  your monthly installment is at least RM2,500

This sound like we are being pushed to low class i.e. stay in flat, or far far away (to avoid jam and toll, dont drive, ride a motor or take ktm or maybe the bus with the foreign labour), or continue renting from the elite class (investors, people strong financial background, holding many properties) and help them with their installment

There are many speculations around,is it the real estate agents? Is it the foreign investors?

Whatever the cause is, so be it, just that what is left for the middle class (soon will be pushed to a lower hierarchy), particularly those in KL (with no financial background)?
Really is there anything that could be done to assist? (apart from the projects which I need some luck with it)
*
at ur young age, if u want to buy a property, it is better to buy within ur budget. u can either buy a better prop but at a not so good location or buy a not so good prop at a better location.

for beginners, new launches fr developer with high rebates and dibs would be of great help provided it meets ur critreia such as price, location and features.

i can see that u r independant lady and u hv made the first good move of having some saving within a short time which many young ppl r struggling to do especially those living in the city.

just be yourself, no need to compare with others, just be happy. smile.gif



AMINT
post Mar 10 2013, 12:31 AM

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I feel u bro. I was like that 6 years ago. Dont worry too much. Just go for it. However, make sure u perform in ur job. If dont get paid much, find a job that does. I started at rm2100 after tax last time. I couldnt imagine that i would be in my position now. My advice is to enter now as it is for own stay. Honestly i dont think nilai is far as i always go there to check my shoplot.
QUOTE(triny @ Mar 10 2013, 12:21 AM)
Hi, thanks for sharing your experience. Glad that you are not stuck in the position of the youngsters now. The property market in Puchong also fly high like a sky.

You remind me of the mindset of some leaders (cant remember who)  some time ago: " Malaysians like to live in high standard living style, if living cost is so high, Malaysian should reduce its standard of living e.g. jalan kaki atau berbasikal pergi kerja la, apasal complain banyak banyak"

No doubt, people strive to be better, that is what our parent and the earlier generation achieved for working hard those days. I dont see it now. We strive hard, struggle to live a standard living style and are still stuck in the pyramid. Just because living cost and property price is high, does that mean we should tolerate with it and accept that now we should reduce our standard of living?
*
zuiko407
post Mar 10 2013, 12:31 AM

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Try register this:-

http://forum.lowyat.net/topic/2729697
1282009
post Mar 10 2013, 12:31 AM

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All new launches 500k and above in KV? Are u sure?

There are still newly launched service apartments below 400k. It depends what lifestyle u want, luxury or moderate.



This post has been edited by 1282009: Mar 10 2013, 12:33 AM
AMINT
post Mar 10 2013, 12:32 AM

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QUOTE(InF.anime @ Mar 10 2013, 12:25 AM)
Now those agents are more friendly than before.. not dare to lcly like the good business time.
*
Hahah. True. I like it that way.
noblebaby
post Mar 10 2013, 12:33 AM

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How old are u? Wat is your budget n unit size tht u r looking at?
voonyoke
post Mar 10 2013, 12:46 AM

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It is true that the properties are much more expensive than before for the youngsters.
And the properties will only become more expensive in the future unless there is an economic crisis which I wouldn't expect it happen in the near future.
The only choice is that you have to buy as soon as possible if you could afford to buy it.
If you cannot afford to buy it now, do you think that you can buy it in the future with same earning power?

joeblows
post Mar 10 2013, 12:52 AM

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QUOTE(triny @ Mar 10 2013, 12:24 AM)
option (d) is the best idea  thumbup.gif , but rather hard to achieve compare to (a)-©
The problem is, the speculators are saying you should buy now otherwise 12-24months later you can never afford because by then the properties will be 100k-200k higher but salary only 500-1000 higher doh.gif / any thought to share?
*
If you believe them, then you are gullible.

Why don't they themself wait 12-24 months then to get the 100-200k profit? If you buy from them then left holding the bag when the market turns, what are you gonna do?

Don't be a sucker for their scare tactics. Do your own due diligence. Look at the numbers.

Remember, past market performance is no indication of future success. laugh.gif


TStriny
post Mar 10 2013, 12:53 AM

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QUOTE(macho dog @ Mar 10 2013, 12:30 AM)
at ur young age, if u want to buy a property, it is better to buy within ur budget. u can either buy a better prop but at a not so good location or buy a not so good prop at a better location.

for beginners, new launches fr developer with high rebates and dibs would be of great help provided it meets ur critreia such as price, location and features.

i can see that u r  independant lady and u hv made the first good move of having some saving within a short time which many young ppl r struggling to do especially those living in the city.

just be yourself, no need to compare with others, just be happy. smile.gif
*
Thank you for your thought, that is very encouraging. I have the feeling that saving money is no longer the best option as it fails to beat the inflation rate
joeblows
post Mar 10 2013, 12:54 AM

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QUOTE(1282009 @ Mar 10 2013, 12:31 AM)
All new launches 500k and above in KV? Are u sure?

There are still newly launched service apartments below 400k. It depends what lifestyle u want, luxury or moderate.
*
Majority leasehold and 600+ sqft. Like chicken coop.

Plus with service apartment, much more drawbacks compared to condo.
joeblows
post Mar 10 2013, 12:58 AM

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QUOTE(triny @ Mar 10 2013, 12:53 AM)
Thank you for your thought, that is very encouraging. I  have the feeling that saving money is no longer the best option as it fails to beat the inflation rate
*
There's other investment options besides throwing your money into an already peaking property market.

Remember - not all investments are equal and not all (property included) will earn you money. Some will lose you money, but probably only property can screw you over for 30 years if you're not careful.

PS: Would not advise putting money into KLSE as well, especially before GE13.

Bottom line, wait for after GE13. Money may not beat inflation rate, but at least its safer. Also, hold foreign currency can be a good thing during this period...
TStriny
post Mar 10 2013, 01:01 AM

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QUOTE(zuiko407 @ Mar 10 2013, 12:31 AM)
Need luck~~





QUOTE(voonyoke @ Mar 10 2013, 12:46 AM)
It is true that the properties are much more expensive than before for the youngsters.
And the properties will only become more expensive in the future unless there is an economic crisis which I wouldn't expect it happen in the near future.
The only choice is that you have to buy as soon as possible if you could afford to buy it.
If you cannot afford to buy it now, do you think that you can buy it in the future with same earning power?
*
Yes, apparently thats what alot of people said. The dilemma is, with the current financial status, I can only afford a standard apartment/condo. This will utilise my saving and I will be stuck with it for the next 30 years. or should i wait with more saving to afford a more classy living place?
wailord
post Mar 10 2013, 01:02 AM

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QUOTE(AMINT @ Mar 9 2013, 11:53 PM)
Sorry to say but youngsters nowadays complain too much. Just find a property that is reasonable that one can afford. Cannot afford, go for Pr1ma. If cannot get Pr1ma, go for nilai, seremban, putra nilai etc. A few people i know who started working just bought there. Not that far what. It took me 20 minutes my from klcc to putra nilai. Nilai 3 to puchong also took me only 20 minutes. I also dont mind buying a house there, honestly if i dont have much resources. Soon, even nilai and seremban also gonna be expensive. Just check out nilai impian, seremban 2 prices. So buy before too late. Dont wait and complainx1000. I bought my 1st house when i was 23 years old and my salary was rm2100 after tax. It was 6 years ago. Not that long ago.
*
How much did your parent helped in the buying? Frankly speaking I don't see how a rm2100 earner can even consider buying without help or perhaps im being naive here.
AMINT
post Mar 10 2013, 01:04 AM

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QUOTE(wailord @ Mar 10 2013, 01:02 AM)
How much did your parent helped in the buying? Frankly speaking I don't see how a rm2100 earner can even consider buying without help or perhaps im being naive here.
*
My dad and mom gave me zero money. Morale support only. Check my old posts on how i did it. I posted a very long method last time. Now easier coz "my 1st home" scheme is there. 100% loan

This post has been edited by AMINT: Mar 10 2013, 01:09 AM
TStriny
post Mar 10 2013, 01:05 AM

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QUOTE(1282009 @ Mar 10 2013, 12:31 AM)
All new launches 500k and above in KV? Are u sure?

There are still newly launched service apartments below 400k. It depends what lifestyle u want, luxury or moderate.
*
QUOTE(noblebaby @ Mar 10 2013, 12:33 AM)
How old are u? Wat is your budget n unit size tht u r looking at?
*
QUOTE(joeblows @ Mar 10 2013, 12:54 AM)
Majority leasehold and 600+ sqft. Like chicken coop.

Plus with service apartment, much more drawbacks compared to condo.
*
I gave up condo, agreed that there are much drawbacks, and most importantly, need the feeling of staying like a family home i.e. condo/landed
TStriny
post Mar 10 2013, 01:09 AM

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QUOTE(wailord @ Mar 10 2013, 01:02 AM)
How much did your parent helped in the buying? Frankly speaking I don't see how a rm2100 earner can even consider buying without help or perhaps im being naive here.
*
QUOTE(AMINT @ Mar 10 2013, 01:04 AM)
My dad and mom gave me zero money. Moral support only. Check my old posts on how i did it. I posted a very long method last time.
*
I believe 6 years back it is achievable. and it also depend on what sort of properties and how much is it. look at the price now. earning 3k-4k isnt bringing one anywhere, at most, one can only rent a very classy and comfortable condo in kl city
AMINT
post Mar 10 2013, 01:13 AM

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QUOTE(triny @ Mar 10 2013, 01:09 AM)
I believe 6 years back it is achievable. and it also depend on what sort of properties and how much is it. look at the price now. earning 3k-4k isnt bringing one anywhere, at most, one can only rent a very classy and comfortable condo in kl city
*
Well i bought a landed house at rm350k with that salary bro. Of course not straight forward method. Gotta get extra allowance from work, structure bank statement, yearly and performance bonus etc. Try to google my last post. Maybe can give u some idea for ur situation
ameliorate
post Mar 10 2013, 01:14 AM

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I remember when I first started work, I rented 1 room in a walk up apt for about rm200/month. My salary that time was about 2.4k. I eat chap fan almost everyday and try to save at least 1k or more per month. Then I jump to another company and got increment before finally saving enough for downpayment to buy my 1st house.

What I'm trying to say is that, if there's a will there's a way. Lamenting about unfairness in life will get you nowhere. Suffer first when you're young then reap the rewards later.
sheanhung
post Mar 10 2013, 01:17 AM

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QUOTE(triny @ Mar 10 2013, 01:01 AM)
Need luck~~
Yes, apparently thats what alot of people said. The dilemma is, with the current financial status, I can only afford a standard apartment/condo. This will utilise my saving and I will be stuck with it for the next 30 years. or should i wait with more saving to afford a more classy living place?
*
You may wait if your salary increment and saving are as fast as property price.

I don't understand what r u thinking. I don't think ur mindset is ready to buy a property now. Do more homeworks and studies on property market. Malaysia is one of the best places for foreign investor.
mrchipsley
post Mar 10 2013, 01:20 AM

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QUOTE(triny @ Mar 9 2013, 11:45 PM)
I graduated sometime in 2010 and thereafter, alone, I traveled from South Peninsular Msia and started work in KL. As a fresh graduate, I am glad I had no commitment back then. Being a middle class (I am using the term loosely), not relying on any form of financial support from the family, I struggle to save money. Some 2 years later, when I finally have at least some enough saving to purchase my first property, my first commitment to me life, I noticed I am just a helpless (single) middle class, and find myself probably in the lowest tier of the category (though I am happy for my peers who have their bf/gf to share the installment with them and live comfortably in a condo albeit not landed prop).

My experiences with real estate agents are nasty to the utmost. The first thing they ask before you even want to view the property is: how much do you earn? Are you able to take a loan? You need to prepare at least 100k cash because the bank valuation is lower than the selling price? Do you have that money? And finally, yes, they tell you upfront what they do is:- they purchase properties from sellers, keep it for their own and sell it to you whenever they feel like it, or you beg for it (p/s and the price is not negotiable).
Yes, there are many articles, analysis of 'expert' where they said the youngster now find it difficult to purchase a property because

i) there are cheap properties (like flat of about 180k-250k) around but they are choosy
ii) there are many options out skirt of town not preferred by the youngsters. They are not willing to travel.
iii) youngsters now want "cheap and good" properties
iv) they want to live in a good environment

I find this extremely offensive. This means we have to accept this situation :- where one could not afford a 400k-500k  1,000sq ft condo in KL (sub sale), you shouldn't be complaining because
i) malaysia property market is still 'slow' and 'low'
ii) just stay in nilai, semenyih, or even seremban to travel to KL everyday, whats the big deal (regardless of the toll?)
iii) you can still afford a flat or an apartment where the residents are at least 40% foreign labour (forget about new launching because is 500k and above) i.e.  your monthly installment is at least RM2,500

This sound like we are being pushed to low class i.e. stay in flat, or far far away (to avoid jam and toll, dont drive, ride a motor or take ktm or maybe the bus with the foreign labour), or continue renting from the elite class (investors, people strong financial background, holding many properties) and help them with their installment

There are many speculations around,is it the real estate agents? Is it the foreign investors?

Whatever the cause is, so be it, just that what is left for the middle class (soon will be pushed to a lower hierarchy), particularly those in KL (with no financial background)?
Really is there anything that could be done to assist? (apart from the projects which I need some luck with it)
*
firstly, dont be fooled that when someone tell you youngsters complain too much these days. this is the words to give excuse to greedy people. you have every right to bargain for good price of the property. if you feel the property is too expensive, dont be stupidly listen to the agent and "buy". in the end, you are the one in trouble.

my advise is keep hunting for good bargain, else dont even look at it. there's a reason why that property cant get bank's valuation price. only stupid and desperate people will believe property agents. everytime you contact a property agent, you must consider them as liers never trust them. there are more better agets, but these are only very few, seldom encounter.

if you really want to buy property, dont keep listening to the "excuses" from property agents why the prices are so high and these prices will keep going higher. if the property prices can keep going higher, why is there a need to even put out excuses ? this is becuse property agents, flippers, developers need something to keep the fuel burning...if this fuel cant sustain, they will be in big trouble....no one wants to buy from them. so these group of people have to make strategy to ensure that the price keeps going up. how ? you can see it in iproperty and all those websites. the thing is, what they dont tell you is, actually the price may keep going up BUT nobody is willing to buy it. they have to tell you otherwise to make sure you dont smell any alarm why people dont buy the property...

so, keep hunting until you get the right price. nod.gif
mrchipsley
post Mar 10 2013, 01:22 AM

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QUOTE(AMINT @ Mar 9 2013, 11:53 PM)
Sorry to say but youngsters nowadays complain too much. Just find a property that is reasonable that one can afford. Cannot afford, go for Pr1ma. If cannot get Pr1ma, go for nilai, seremban, putra nilai etc. A few people i know who started working just bought there. Not that far what. It took me 20 minutes my from klcc to putra nilai. Nilai 3 to puchong also took me only 20 minutes. I also dont mind buying a house there, honestly if i dont have much resources. Soon, even nilai and seremban also gonna be expensive. Just check out nilai impian, seremban 2 prices. So buy before too late. Dont wait and complainx1000. I bought my 1st house when i was 23 years old and my salary was rm2100 after tax. It was 6 years ago. Not that long ago.
*
hhmm, do you need to tell until so detail about everything ? ( not that i trust those arre true facts ) did the thread starter ask you about how old are you when you bought your first house ? doh.gif
mrchipsley
post Mar 10 2013, 01:23 AM

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QUOTE(triny @ Mar 10 2013, 12:24 AM)
option (d) is the best idea  thumbup.gif , but rather hard to achieve compare to (a)-©
The problem is, the speculators are saying you should buy now otherwise 12-24months later you can never afford because by then the properties will be 100k-200k higher but salary only 500-1000 higher doh.gif / any thought to share?
*
dont be an idiot to just blindly listen to such people... laugh.gif
joeblows
post Mar 10 2013, 01:24 AM

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QUOTE(mrchipsley @ Mar 10 2013, 01:20 AM)
firstly, dont be fooled that when someone tell you youngsters complain too much these days. this is the words to give excuse to greedy people. you have every right to bargain for good price of the property. if you feel the property is too expensive, dont be stupidly listen to the agent and "buy". in the end, you are the one in trouble.

my advise is keep hunting for good bargain, else dont even look at it. there's a reason why that property cant get bank's valuation price. only stupid and desperate people will believe property agents. everytime you contact a property agent, you must consider them as liers never trust them. there are more better agets, but these are only very few, seldom encounter.

if you really want to buy property, dont keep listening to the "excuses" from property agents why the prices are so high and these prices will keep going higher. if the property prices can keep going higher, why is there a need to even put out excuses ? this is becuse property agents, flippers, developers need something to keep the fuel burning...if this fuel cant sustain, they will be in big trouble....no one wants to buy from them. so these group of people have to make strategy to ensure that the price keeps going up. how ? you can see it in iproperty and all those websites. the thing is, what they dont tell you is, actually the price may keep going up BUT nobody is willing to buy it. they have to tell you otherwise to make sure you dont smell any alarm why people dont buy the property...

so, keep hunting until you get the right price.  nod.gif
*
Excellent advise. rclxms.gif

When agent price vs bank valuation are off by more than 10k, they better have a damn good reason why. Agent wanting to earn more commission is not a good reason (but is usually the real reason lah).
voonyoke
post Mar 10 2013, 01:29 AM

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QUOTE(joeblows @ Mar 10 2013, 01:24 AM)
Excellent advise.  rclxms.gif

When agent price vs bank valuation are off by more than 10k, they better have a damn good reason why. Agent wanting to earn more commission is not a good reason (but is usually the real reason lah).
*
10k more only earn 300 commission.
Btw, it could be the owner requesting for higher price.
mrchipsley
post Mar 10 2013, 01:33 AM

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QUOTE(voonyoke @ Mar 10 2013, 01:29 AM)
10k more only earn 300 commission.
Btw, it could be the owner requesting for higher price.
*
owner cant know the current price unless influence by property agents. in the end, the blame has to go to property agents, unfortuntely, no matter how you twist. if the property owner knows how to find out the real current price, i firmly believe they wont even need to have property agents since they know how to find out the rea current property prices, they sure know how to find out how to "fish" buyers...

rm300 is enough to buy a lot of things, stop being greedy !

This post has been edited by mrchipsley: Mar 10 2013, 01:35 AM
joeblows
post Mar 10 2013, 01:35 AM

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QUOTE(voonyoke @ Mar 10 2013, 01:29 AM)
10k more only earn 300 commission.
Btw, it could be the owner requesting for higher price.
*
That's why it is usually more than 10k...at least 30-50k in excess if not more than that.
If the owner is asking for a ridiculous price there's no reason to layan him....unless it's truly one of a kind property, but TS is not aiming that range anyways.
voonyoke
post Mar 10 2013, 01:39 AM

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QUOTE(mrchipsley @ Mar 10 2013, 01:33 AM)
owner cant know the current price unless influence by property agents. in the end, the blame has to go to property agents, unfortuntely, no matter how you twist. if the property owner knows how to find out the real current price, i firmly believe they wont even need to have property agents since they know how to find out the rea current property prices, they sure know how to find out how to "fish" buyers...

rm300 is enough to buy a lot of things, stop being greedy !
*
At first, the owner doesn't know the market price.
But they would know if any house around the neighborhood transacted.
And from there,they would sell their house at premium 5% higher.
mrchipsley
post Mar 10 2013, 01:42 AM

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QUOTE(voonyoke @ Mar 10 2013, 01:39 AM)
At first, the owner doesn't know the market price.
But they would know if any house around the neighborhood transacted.
And from there,they would sell their house at premium 5% higher.
*
so are you saying klang valley neighbour people are the type that everyday talk to each other about their property ?
voonyoke
post Mar 10 2013, 01:44 AM

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QUOTE(mrchipsley @ Mar 10 2013, 01:42 AM)
so are you saying klang valley neighbour people are the type that everyday talk to each other about their property ?
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Not all.
Selling house is a big issue, that's why the owners need to know how much they could sell.
AVFAN
post Mar 10 2013, 01:58 AM

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QUOTE(triny @ Mar 9 2013, 11:45 PM)
Yes, there are many articles, analysis of 'expert' where they said the youngster now find it difficult to purchase a property because
i) there are cheap properties (like flat of about 180k-250k) around but they are choosy
ii) there are many options out skirt of town not preferred by the youngsters. They are not willing to travel.
iii) youngsters now want "cheap and good" properties
iv) they want to live in a good environment
I find this extremely offensive. This means we have to accept this situation :- where one could not afford a 400k-500k  1,000sq ft condo in KL (sub sale), you shouldn't be complaining because
i) malaysia property market is still 'slow' and 'low'
ii) just stay in nilai, semenyih, or even seremban to travel to KL everyday, whats the big deal (regardless of the toll?)
iii) you can still afford a flat or an apartment where the residents are at least 40% foreign labour (forget about new launching because is 500k and above) i.e.  your monthly installment is at least RM2,500
This sound like we are being pushed to low class i.e. stay in flat, or far far away (to avoid jam and toll, dont drive, ride a motor or take ktm or maybe the bus with the foreign labour), or continue renting from the elite class (investors, people strong financial background, holding many properties) and help them with their installment
There are many speculations around,is it the real estate agents? Is it the foreign investors?

your predicament is real. hundreds of thousands like you are unhappy, as you may have read. and u must find it even more depressing that even in this thread, you still read "u complain too much", "work harder", "find something cheap and far away", "when i was yr age i was able to...", etc., etc. in some ways, there is truth in those comments. esp when it's not a "given" that a graduate after 2-3 yrs of work must be able to buy a home!

not only homes, even a lunch now cost rm10 when it was only rm5-6 a few years ago. it gets much worse when it comes to private medical care or private tertiary edu fees for those with kids. why is this so? becos income levels have lagged way behind prices of everything. who's to blame is a subject talked about everywhere.

while u read this sold out, that hot-hottie, think if it is not due to majority buyers being investors who made good money already making the next punt, so all the more reason u do not want to get sucked it so easily. nobody knows if prices will climb as fast as before, stay flat or decline in the next couple of years. there are as many experts predicting a serious drop as those who predict it'll go up fast.

what can an individual do? not much really, except for those comments already made. if i were u, i will not push it. like some have said, save as much as u can, take yr time to find something u can afford.
ProPStaR
post Mar 10 2013, 02:00 AM

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Youngster youngster ... I am not gonna condemn about you complaining ... I hear your call and I absolutely agree that you have every reason to make such statements. Affordability is an issue here. Longtime back I heard property price used to be 2x the annual income. Today it's 8x your annual income. Unfortunately this is a hard fact and it happened everywhere in the world but Malaysia is worse.
You are also spot on. Cant save to buy house cos prop price go up faster esp for the last few years. U probably thought u save to get your dream house but realize it can never be achieved cos the price rise faster than your income salary.
It's really sad to see we have come to this situation. Today is definitely more difficult to get a house compared to olden days.
I think my advise is get a house as soon as possible. Any house, the one u like or u don't like. Enter the property market earlier then u will be like those tai kor telling others don't complain cos their houses have appreciated and they had the same income like u do previously.
Find a way to pay for downpayment and get loan, preferably if can get help from family. Cos even u got to pay them back it will interest free icon_rolleyes.gif
My strategy is to get an affordable house but has to be investment prioritized. Plan to upgrade after few years and if still can't afford your dream house u can always sell your house which most probably appreciated as well.
Ok good luck

Chris Chew
post Mar 10 2013, 03:57 AM

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QUOTE(triny @ Mar 10 2013, 01:01 AM)
Need luck~~
Yes, apparently thats what alot of people said. The dilemma is, with the current financial status, I can only afford a standard apartment/condo. This will utilise my saving and I will be stuck with it for the next 30 years. or should i wait with more saving to afford a more classy living place?
*
IMHO, you're not complaining but certainly frustrated by the agents you had met.

If you are young enough, assume 25 or 26 y.o, since you mentioned, you just graduated in 2010. Actually it is never too late or too early to buy a house. Affordable and financial is the most important issues. Timing is your best answer.

I would have to agree you that, young executives or recently starts job executives would be found hard to find a decent home compare to same position 5 or 10 years back. 5 years ago, we still could find a plenty of medium end condo at RM 200+k where at these period, I calling a RM 350-400k terrace house an expensive house and I end up condo being my first property with huge discount. But, if you found home now and fast forward another 5 years, the youngster at that period, year 2018 would be having the same issue you're facing.

If you can afford, you can choose a decent house according to your budget. It not necessary that you must stuck into a flat / low cost apartment for the next 30 years or so. People tend to be have upgrading in terms of job, property appreciation, promotion, salary increment and luck in good timing. I always advise my young colleagues, if really can afford the downpayment and current / future installment, secure it first. But for investment, I keep remind them, don't play play, holding power first and don't immune by the sure untung strategy like 2009-2012.

And, you'll never know your first property is your golden gem or luck where the prop is appreciated a lot while your financial / savings is healthy by that time.

schizzow
post Mar 10 2013, 04:56 AM

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QUOTE(AMINT @ Mar 10 2013, 01:13 AM)
Well i bought a landed house at rm350k with that salary bro. Of course not straight forward method. Gotta get extra allowance from work, structure bank statement, yearly and performance bonus etc. Try to google my last post. Maybe can give u some idea for ur situation
*
^+1

TS, I can relate because I also graduated same time as you. But regardless of what people say, be it "work harder" or "agents are just speculating" etc, if you're buying this first (I'm assuming) home because it's a place you want to live in for a while, a home you want to come back to happily, it should be a place that you know you can afford.

And when I say "can afford", I do not mean that you shouldn't complain etc etc like what you may have heard over and over again. What I did for my place (although it's my 2nd one, 1st one is rented out) was that I wanted to look for a place that I really, really loved, to live in, and to make sure that I could afford to buy it. When I found finally set my eyes on one (sub-sale), the selling price was about 450 to 480k. I then worked hard to save up to afford a unit there, side income, extra jobs, freelance, save save save and save. When I finally could afford it about 6 to 8 months later, the price went up to around 550k. So I worked twice and three times as hard to reach that target, knowing the price would probably go up even further. Thankfully the property prices at that time maintained a little and in the end I managed to get a place (after searching and searching and haggling and haggling) for a little over 500k.

People will say that I shouldn't have bought it for more than 500k, it's not worth 500k, the price maybe can go down later on etc etc. But to me that doesn't matter because I made sure that I could afford to buy the place, and more importantly, afford to live there. But the best part of it all, is that it's a place that's perfect for me. It wasn't a "home" I had to compromise on, or forced to buy because it was what I could afford, rather than what I wished I could have.

So my take out on this is that regardless of what other people's opinions are - when you're getting that place for your own stay, go for something you truly love (but of course, must be realistic la)...and then MAKE yourself to be able to afford it. Because if you keep on waiting to find a place that you can afford (be it outskirts or cheap flats, or waiting for the market to go down)...you'll probably never get to buy a dream home of yours.
dRwh0
post Mar 10 2013, 06:06 AM

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U havent searched enough..there are lots of condo priced below 400k in the kl outskirt..do more homework mate..
SUStat3179
post Mar 10 2013, 08:30 AM

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QUOTE(voonyoke @ Mar 10 2013, 12:46 AM)
It is true that the properties are much more expensive than before for the youngsters.
And the properties will only become more expensive in the future unless there is an economic crisis which I wouldn't expect it happen in the near future.
The only choice is that you have to buy as soon as possible if you could afford to buy it.
If you cannot afford to buy it now, do you think that you can buy it in the future with same earning power?
*
Case in point of a speculator... biggrin.gif
SUStat3179
post Mar 10 2013, 08:35 AM

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QUOTE(ProPStaR @ Mar 10 2013, 02:00 AM)
Youngster youngster ... I am not gonna condemn about you complaining ... I hear your call and I absolutely agree that you have every reason to make such statements. Affordability is an issue here. Longtime back I heard property price used to be 2x the annual income. Today it's 8x your annual income. Unfortunately this is a hard fact and it happened everywhere in the world but Malaysia is worse.
You are also spot on. Cant save to buy house cos prop price go up faster esp for the last few years. U probably thought u save to get your dream house but realize it can never be achieved cos the price rise faster than your income salary.
It's really sad to see we have come to this situation. Today is definitely more difficult to get a house compared to olden days.
I think my advise is get a house as soon as possible. Any house, the one u like or u don't like. Enter the property market earlier then u will be like those tai kor telling others don't complain cos their houses have appreciated and they had the same income like u do previously.
Find a way to pay for downpayment and get loan, preferably if can get help from family. Cos even u got to pay them back it will interest free icon_rolleyes.gif
My strategy is to get an affordable house but has to be investment prioritized. Plan to upgrade after few years and if still can't afford your dream house u can always sell your house which most probably appreciated as well.
Ok good luck
*
And what if the TS follow ur advice and slaved over and bought an overpriced prop which the price later collapsed then how?
torkl
post Mar 10 2013, 09:16 AM

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QUOTE(triny @ Mar 10 2013, 01:01 AM)
Need luck~~
Yes, apparently thats what alot of people said. The dilemma is, with the current financial status, I can only afford a standard apartment/condo. This will utilise my saving and I will be stuck with it for the next 30 years. or should i wait with more saving to afford a more classy living place?
*
what is wrong with a standard aprtment/condo? and do you intend to pay cash for the total price?
Bee am
post Mar 10 2013, 09:19 AM

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QUOTE(triny @ Mar 10 2013, 01:01 AM)
Need luck~~
Yes, apparently thats what alot of people said. The dilemma is, with the current financial status, I can only afford a standard apartment/condo. This will utilise my saving and I will be stuck with it for the next 30 years. or should i wait with more saving to afford a more classy living place?
*
When I bought my 1st property 9 years ago, I took a 20 years loan. It was jus a very small terrace house in a ulu area. I bought it as I need a house of my own. I took a 20 year loan bcos I plan to sell d house 20 years later to buy a bigger house. However, I sold my old house last year n m now staying in a bigger house.

Wat m trying say is tat, it is not necessary that once u took a 30 year loan, u b stuck with it for 30 years. Nowadays banks have a lot of interesting schemes like flexi loan that helps u save interest. Also nowadays banks do not have lock in period anymore. So even if u buy now, after 10 years, u manage to save more, n ur current house is worth more, u can always sell it to buy a bigger house.

new[x]
post Mar 10 2013, 09:40 AM

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QUOTE(triny @ Mar 9 2013, 11:45 PM)
I graduated sometime in 2010 and thereafter, alone, I traveled from South Peninsular Msia and started work in KL. As a fresh graduate, I am glad I had no commitment back then. Being a middle class (I am using the term loosely), not relying on any form of financial support from the family, I struggle to save money. Some 2 years later, when I finally have at least some enough saving to purchase my first property, my first commitment to me life, I noticed I am just a helpless (single) middle class, and find myself probably in the lowest tier of the category (though I am happy for my peers who have their bf/gf to share the installment with them and live comfortably in a condo albeit not landed prop).

My experiences with real estate agents are nasty to the utmost. The first thing they ask before you even want to view the property is: how much do you earn? Are you able to take a loan? You need to prepare at least 100k cash because the bank valuation is lower than the selling price? Do you have that money? And finally, yes, they tell you upfront what they do is:- they purchase properties from sellers, keep it for their own and sell it to you whenever they feel like it, or you beg for it (p/s and the price is not negotiable).
Yes, there are many articles, analysis of 'expert' where they said the youngster now find it difficult to purchase a property because

i) there are cheap properties (like flat of about 180k-250k) around but they are choosy
ii) there are many options out skirt of town not preferred by the youngsters. They are not willing to travel.
iii) youngsters now want "cheap and good" properties
iv) they want to live in a good environment

I find this extremely offensive. This means we have to accept this situation :- where one could not afford a 400k-500k  1,000sq ft condo in KL (sub sale), you shouldn't be complaining because
i) malaysia property market is still 'slow' and 'low'
ii) just stay in nilai, semenyih, or even seremban to travel to KL everyday, whats the big deal (regardless of the toll?)
iii) you can still afford a flat or an apartment where the residents are at least 40% foreign labour (forget about new launching because is 500k and above) i.e.  your monthly installment is at least RM2,500

This sound like we are being pushed to low class i.e. stay in flat, or far far away (to avoid jam and toll, dont drive, ride a motor or take ktm or maybe the bus with the foreign labour), or continue renting from the elite class (investors, people strong financial background, holding many properties) and help them with their installment

There are many speculations around,is it the real estate agents? Is it the foreign investors?

Whatever the cause is, so be it, just that what is left for the middle class (soon will be pushed to a lower hierarchy), particularly those in KL (with no financial background)?
Really is there anything that could be done to assist? (apart from the projects which I need some luck with it)
*
This is a good topic and I encourage sincere middle-class house buyers to express their feelings and relate their difficulties with everyone in this forum. All other market participants ranging from bankers, developers, property speculators and real estate agents are only interested with how much money they could make today without thinking social consequences of their actions.

It only get worst when they squarely put blame on sincere middle-class house buyers for not working hard enough, earn big enough money, and so on. They will tell you to work harder and harder else you will be left behind. I don't believe for a second that middle-class citizen do not work hard. They need to work hard especially when they have mouths to feed.

I feel for middle class citizen. And the only way to correct this situation is to speak out against it. The number of those who are responsible for this mess is just minority, albeit vocal minority in this forum. So, hopefully by speaking up, you would let them understand your situation and prompt them to act responsibly.
joeblows
post Mar 10 2013, 10:33 AM

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QUOTE(Chris Chew @ Mar 10 2013, 03:57 AM)
IMHO, you're not complaining but certainly frustrated by the agents you had met.

If you are young enough, assume 25 or 26 y.o, since you mentioned, you just graduated in 2010. Actually it is never too late or too early to buy a house. Affordable and financial is the most important issues. Timing is your best answer.

I would have to agree you that, young executives or recently starts job executives would be found hard to find a decent home compare to same position 5 or 10 years back. 5 years ago, we still could find a plenty of medium end condo at RM 200+k where at these period, I calling a RM 350-400k terrace house an expensive house and I end up condo being my first property with huge discount. But, if you found home now and fast forward another 5 years, the youngster at that period, year 2018 would be having the same issue you're facing.
I wouldn't be so confident........

Past 5 years performance (2007-2012) doesn't mean the next 5 years (2013-2018) will be the same Upupup market.

It may be big down and small up market, which is what I forsee.
AMINT
post Mar 10 2013, 10:43 AM

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QUOTE(joeblows @ Mar 10 2013, 10:33 AM)
I wouldn't be so confident........

Past 5 years performance (2007-2012) doesn't mean the next 5 years (2013-2018) will be the same Upupup market.

It may be big down and small up market, which is what I forsee.
*
Based on my findings, 2015-2016, we will have huge oversupplies of high rise. However, landed house should remain healthy.
Senseless
post Mar 10 2013, 10:51 AM

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+1.. I'll guess the bubble may not burst, but slowly and surely will deflate... look at all the condo projects in KV that will be ready in 2014-2015...
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post Mar 10 2013, 10:55 AM

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QUOTE(Senseless @ Mar 10 2013, 10:51 AM)
+1.. I'll guess the bubble may not burst, but slowly and surely will deflate... look at all the condo projects in KV that will be ready in 2014-2015...
*
Yup, those holding too many high rise, be warned. Rental might also be affected once many VP
TStriny
post Mar 10 2013, 10:56 AM

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In my thread, I was using the term 'youngster' and 'middle class' loosely. First, the 5 yrs in Uni have taken the 'youth' away, many people only graduated from uni when they are 23-24yrs+ the first 3 years of working, it will take them to 26-27 yrs old -not longer young eh? (again, the issue of whether 26-27 is consider young is also depending on whether you are a male or a female). Whilst many people will come and say it does not matter (thats what I try to convince myself too), I always believe unlike man (which can be compare to a property in long run), the value of a woman depreciates (equates to a car) when they get older.

In the 20' I must work something out so when or before I reach 30' I have no fear even when all my peers are married with kids and able to live comfortably on my own instead of desperately looking for guys and get laid, and that's the least thing I could do to shut the aunties (san gu luk po) mouth about me not having a mate
klbull
post Mar 10 2013, 11:14 AM

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If I am a young professional in KL, I will not be persuaded to buy a shoebox apartment now and be a slave to the bank the next 30 years paying off a loan. I will not be swayed by all that talk about buy now or forever not be able to afford one. I will be resolute in my decision.

Instead, I will save my money and wait for a sharp property market correction in the KV within the next 2-3 years before venturing to buy a much better home. Will this happen? Yes, without doubt, especially for high rises where speculation is rife. You will then have bargains galore.

What happens if house prices never come down from its current highs? To answer that question, you will have to decide if high flying property prices can defy the laws of economic gravity. No other asset ever has.
zuiko407
post Mar 10 2013, 11:24 AM

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If I'm young and single, I'll consider to stay in a 600sf mixed development's service apartment, with the downstair's shopping mall, f&b, cinema, gym etc, is kind of fun too.
1282009
post Mar 10 2013, 11:30 AM

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QUOTE(dRwh0 @ Mar 10 2013, 06:06 AM)
U havent searched enough..there are lots of condo priced below 400k in the kl outskirt..do more homework mate..
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I guess TS wanted luxury/classy condo or landed. "Cheap" condo or normal service apartment is not her choice.


sheanhung
post Mar 10 2013, 11:32 AM

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QUOTE(zuiko407 @ Mar 10 2013, 11:24 AM)
If I'm young and single, I'll consider to stay in a 600sf mixed development's service apartment, with the downstair's shopping mall, f&b, cinema, gym etc, is kind of fun too.
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Ya, if i m still single, i will do that too....
EddyLB
post Mar 10 2013, 11:32 AM

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QUOTE(triny @ Mar 9 2013, 11:45 PM)
I graduated sometime in 2010 and thereafter, alone, I traveled from South Peninsular Msia and started work in KL. As a fresh graduate, I am glad I had no commitment back then. Being a middle class (I am using the term loosely), not relying on any form of financial support from the family, I struggle to save money. Some 2 years later, when I finally have at least some enough saving to purchase my first property, my first commitment to me life, I noticed I am just a helpless (single) middle class, and find myself probably in the lowest tier of the category (though I am happy for my peers who have their bf/gf to share the installment with them and live comfortably in a condo albeit not landed prop).


*
Triny, your time will come. You are still young. In 5 years time, your salary will reach RM6k-8k. Together with your spouse, your household income will be RM15k+. By that time, you can afford to buy your dream home.

During my time in the late 80s and early 90s, graduates never think of buying properties in the first 5 years. We just can't afford it.

Interest rate was high (BLR around 8%), loan tenure is low (not more than 20 years). Our starting pay is RM800-RM900 thereabout. But we never complain we can't afford properties. We knew our time will come that our salary will increase to RM3k-4k in 5 years time, then it is time we buy properties. We take it 1 step at a time.

Don't let the price of property now frighten you. The price will not go up forever. It is very likely the property market will take a breather now. In fact, the price is stagnant now. So you are in no hurry. Let's wait and see the market to stabilise. If the market crash, then seize the opportunity. Even if the market don't crash, it will stay stagnant. In 2 years time, your salary will allow you more choices

I was just puzzled nowadays, graduates who work for 2+ years already thinking of buying property doh.gif If even young people in the early 20s start thinking owning properties is a given, sure there will be property market bubble ! laugh.gif

Let's not put all the blame to the speculators/flippers/investors. You guys are part of the cause of property market bubble ! Maybe you are not because you have not bought any properties. But people like Pai Kor and the chap who appear in Singapore newspapers are youngsters themselves. They own 10+, 20+ properties before 30 years old. These youngsters joined the ranks of speculators/flippers/investors early in their age. Making the total number of speculators/flippers/investors to increase many fold. For every Pai Kor we can see, there are thousands of Pai Kor equivalent we can't see.









AMINT
post Mar 10 2013, 11:35 AM

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QUOTE(zuiko407 @ Mar 10 2013, 11:24 AM)
If I'm young and single, I'll consider to stay in a 600sf mixed development's service apartment, with the downstair's shopping mall, f&b, cinema, gym etc, is kind of fun too.
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Setia walk
sheanhung
post Mar 10 2013, 11:37 AM

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QUOTE(klbull @ Mar 10 2013, 11:14 AM)
If I am a young professional in KL, I will not be persuaded to buy a shoebox apartment now and be a slave to the bank the next 30 years paying off a loan. I will not be swayed by all that talk about buy now or forever not be able to afford one. I will be resolute in my decision.

Instead, I will save my money and wait for a sharp property market correction in the KV within the next 2-3 years before venturing to buy a much better home. Will this happen? Yes, without doubt, especially for high rises where speculation is rife. You will then have bargains galore.

What happens if house prices never come down from its current highs? To answer that question, you will have to decide if high flying property prices can defy the laws of economic gravity. No other asset ever has.
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What I can tell you is, our property prices are very cheap now. You don't buy? Let Singaporean, China man, and Taiwanese, and many tycoons buy it.

Do more study. Our property price is similar to Cambodia. 8 to 10 times cheaper than Taiwan, and 3 to 4 times cheaper than Singapore.

And like many other forumers said, please register yourself at www.slowslowwait.com
voonyoke
post Mar 10 2013, 11:41 AM

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QUOTE(sheanhung @ Mar 10 2013, 11:37 AM)
What I can tell you is, our property prices are very cheap now. You don't buy? Let Singaporean, China man, and Taiwanese,  and many tycoons buy it.

Do more study. Our property price is similar to Cambodia. 8 to 10 times cheaper than Taiwan, and 3 to 4 times cheaper than Singapore.

And like many other forumers said, please register yourself at www.slowslowwait.com
*
8 to 10 times cheaper than Taiwan, 3 to 4 times cheaper than Singapore?
Taiwan properties are much more than Singapore properties?
1282009
post Mar 10 2013, 11:44 AM

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QUOTE(EddyLB @ Mar 10 2013, 11:32 AM)
Triny, your time will come. You are still young. In 5 years time, your salary will reach RM6k-8k. Together with your spouse, your household income will be RM15k+. By that time, you can afford to buy your dream home. 

During my time in the late 80s and early 90s, graduates never think of buying properties in the first 5 years. We just can't afford it.

Interest rate was high (BLR around 8%), loan tenure is low (not more than 20 years). Our starting pay is RM800-RM900 thereabout. But we never complain we can't afford properties. We knew our time will come that our salary will increase to RM3k-4k in 5 years time, then it is time we buy properties. We take it 1 step at a time.

Don't let the price of property now frighten you. The price will not go up forever. It is very likely the property market will take a breather now. In fact, the price is stagnant now. So you are in no hurry. Let's wait and see the market to stabilise. If the market crash, then seize the opportunity. Even if the market don't crash, it will stay stagnant. In 2 years time, your salary will allow you more choices

I was just puzzled nowadays, graduates who work for 2+ years already thinking of buying property doh.gif  If even young people in the early 20s start thinking owning properties is a given, sure there will be property market bubble !  laugh.gif

Let's not put all the blame to the speculators/flippers/investors. You guys are part of the cause of property market bubble ! Maybe you are not because you have not bought any properties. But people like Pai Kor and the chap who appear in Singapore newspapers are youngsters themselves. They own 10+, 20+ properties before 30 years old. These youngsters joined the ranks of speculators/flippers/investors early in their age. Making the total number of speculators/flippers/investors to increase many fold. For every Pai Kor we can see, there are thousands of Pai Kor equivalent we can't see.
*
+1 on the statement in bold.


sheanhung
post Mar 10 2013, 11:46 AM

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QUOTE(voonyoke @ Mar 10 2013, 11:41 AM)
8 to 10 times cheaper than Taiwan, 3 to 4 times cheaper than Singapore?
Taiwan properties are much more than Singapore properties?
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Yes. Taiwan is more advance than Singapore in term of technology and society maturity. We Malaysia and Singapore start at the same line but now our science and technology is 10yrs behind of Singapore, and Singapore is 10 yrs behind of Taiwan. Malaysia is 50 years behind of US and Japan.
sheanhung
post Mar 10 2013, 11:51 AM

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QUOTE(tat3179 @ Mar 10 2013, 08:35 AM)
And what if the TS follow ur advice and slaved over and bought an overpriced prop which the price later collapsed then how?
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If buy for own stay and within capability, y care abt collapse? Be self prepared before buy a property, it is a long term commitment. And, ppl can give advise, but CHOICE is yours, so never blame ppl.
sheanhung
post Mar 10 2013, 11:53 AM

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QUOTE(1282009 @ Mar 10 2013, 11:44 AM)
+1 on the statement in bold.
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If can back to the past, i prefer to buy a property immediate rather than spending the money for luxury car, cyber cafe, etc..

Financial planning should start as early as possible.
1282009
post Mar 10 2013, 11:57 AM

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QUOTE(sheanhung @ Mar 10 2013, 11:53 AM)
If can back to the past, i prefer to buy a property immediate rather than spending the money for luxury car, cyber cafe, etc..

Financial planning should start as early as possible.
*
Yes, no doubt but contrary to TS's requirement, it's bit too far fetch.



This post has been edited by 1282009: Mar 10 2013, 11:58 AM
sheanhung
post Mar 10 2013, 12:11 PM

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What is left for the middle class?

This is something close to complain. I am middle class people too, and I fully understand the rules of property game. Cannot afford to buy a house? 2 solutions:

A) Increase income, don't ask me how, figure out yourself.

B) Still find it difficult to increase income? Buy and stay in a affortable house within your capability.

A good quote in chinese:
缩小梦想,配合收入
实现梦想,增加收入

Which one you are? You determine yourself. Perhaps someone can translate for me.

Thanks.
joeblows
post Mar 10 2013, 12:19 PM

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TS, you can see many desperate speculators try to scare you about "price increase" in the next few years. My favorite, comparing us to Singapore. laugh.gif

Please don't listen to them, do your own due diligence. Several former property bulls (myself included) have begun disposing of all their property holdings. There was another forummer "balrog" had quite a few props, just announced few days ago he disposed all.

To the speculators, you should act less cocky and arrogant here, probably its people like myself and TS you will be begging to buy your property off when the market turns....maybe if you are nicer we won't squeeze you kaukau when you desperately trying to stave off bankruptcy......nah who am I kidding? I will still squeeeeze. brows.gif
cranx
post Mar 10 2013, 12:41 PM

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QUOTE(sheanhung @ Mar 10 2013, 11:37 AM)
What I can tell you is, our property prices are very cheap now. You don't buy? Let Singaporean, China man, and Taiwanese,  and many tycoons buy it.

Do more study. Our property price is similar to Cambodia. 8 to 10 times cheaper than Taiwan, and 3 to 4 times cheaper than Singapore.

And like many other forumers said, please register yourself at www.slowslowwait.com
*
This is something new to me, really? 8 to 10 times cheaper than Taiwan?
I guess once the Taiwanese realize this they will come sapu our properties. Better buy more before they come. tongue.gif

For TS, just remember one thing clearly, there is no such thing as don't buy now you can never afford in the future.

The appreciation rate of 20% per year or some 100% within 3 years is unlikely to happen anymore for anyone buying today.
Buy your time, do not follow the herd. The music is almost ending, so please don't be the last sucker in this game of musical chair.
sheanhung
post Mar 10 2013, 12:51 PM

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QUOTE(joeblows @ Mar 10 2013, 12:19 PM)
TS, you can see many desperate speculators try to scare you about "price increase" in the next few years. My favorite, comparing us to Singapore.  laugh.gif

Please don't listen to them, do your own due diligence. Several former property bulls (myself included) have begun disposing of all their property holdings. There was another forummer "balrog" had quite a few props, just announced few days ago he disposed all.

To the speculators, you should act less cocky and arrogant here, probably its people like myself and TS you will be begging to buy your property off when the market turns....maybe if you are nicer we won't squeeze you kaukau when you desperately trying to stave off bankruptcy......nah who am I kidding? I will still squeeeeze.  brows.gif
*
Example a 500k landed property at Puchong, to what extend it will drop? 450k? Or lower? In Malaysia hiatory, what and when was the highest drop of property price? Do u expect the highest drop in the history?

Please give some opinion on the above 3 doubts. Thanks.
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post Mar 10 2013, 12:52 PM

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QUOTE(EddyLB @ Mar 10 2013, 11:32 AM)
Triny, your time will come. You are still young. In 5 years time, your salary will reach RM6k-8k. Together with your spouse, your household income will be RM15k+. By that time, you can afford to buy your dream home. 

During my time in the late 80s and early 90s, graduates never think of buying properties in the first 5 years. We just can't afford it.

Interest rate was high (BLR around 8%), loan tenure is low (not more than 20 years). Our starting pay is RM800-RM900 thereabout. But we never complain we can't afford properties. We knew our time will come that our salary will increase to RM3k-4k in 5 years time, then it is time we buy properties. We take it 1 step at a time.

Don't let the price of property now frighten you. The price will not go up forever. It is very likely the property market will take a breather now. In fact, the price is stagnant now. So you are in no hurry. Let's wait and see the market to stabilise. If the market crash, then seize the opportunity. Even if the market don't crash, it will stay stagnant. In 2 years time, your salary will allow you more choices

I was just puzzled nowadays, graduates who work for 2+ years already thinking of buying property  doh.gif  If even young people in the early 20s start thinking owning properties is a given, sure there will be property market bubble !  laugh.gif

Let's not put all the blame to the speculators/flippers/investors. You guys are part of the cause of property market bubble ! Maybe you are not because you have not bought any properties. But people like Pai Kor and the chap who appear in Singapore newspapers are youngsters themselves. They own 10+, 20+ properties before 30 years old. These youngsters joined the ranks of speculators/flippers/investors early in their age. Making the total number of speculators/flippers/investors to increase many fold. For every Pai Kor we can see, there are thousands of Pai Kor equivalent we can't see.
*
QUOTE(1282009 @ Mar 10 2013, 11:44 AM)
+1 on the statement in bold.
*

speaking on why prop in a young age, my
rationale is this [#53] i requote In my thread, I was using the term 'youngster' and 'middle class' loosely. First, the 5 yrs in Uni have taken the 'youth' away, many people only graduated from uni when they are 23-24yrs+ the first 3 years of working, it will take them to 26-27 yrs old -not longer young eh? (again, the issue of whether 26-27 is consider young is also depending on whether you are a male or a female). Whilst many people will come and say it does not matter (thats what I try to convince myself too), I always believe unlike man (which can be compare to a property in long run), the value of a woman depreciates (equates to a car) when they get older.

In the 20' I must work something out so when or before I reach 30' I have no fear even when all my peers are married with kids and able to live comfortably on my own instead of desperately looking for guys and get laid, and that's the least thing I could do to shut the aunties (san gu luk po) mouth about me not having a mate

twincharger07
post Mar 10 2013, 01:01 PM

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QUOTE(AMINT @ Mar 10 2013, 10:43 AM)
Based on my findings, 2015-2016, we will have huge oversupplies of high rise. However, landed house should remain healthy.
*
Pigeon hole studio and SoXo will be way oversupply...
But luxury Landed will be oversupply as well (such as 3 storeys superlink GnG over millions, Semi-Ds)... there are plenty bought by investors, some via group purchase and hoping to dispose upon VP.... they flooded the balloting session (old uncle auntie who are well established, or group purchaser)

Nowadays developers building both extreme..
one end, small affordable pigeon holes hoping to grab buyers who are tight on budget
one end, high end luxury to maximize their profit

those that are in between which majority ppl are looking for (affordable landed and decent size apartment/condos), developer build less of them nowadays unless in suburbs like Kajang, Semenyih, Rawang...
AVFAN
post Mar 10 2013, 01:01 PM

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QUOTE(cranx @ Mar 10 2013, 12:41 PM)
This is something new to me, really? 8 to 10 times cheaper than Taiwan?

comparing cheapest in kv vs taiper center maybe la...

more like 3-5 times, according to this recent article.
interesting to note avegrage wage in taiwan is almost rm13k pm based on given figures. that's 3-5 times ours!

QUOTE
While Taipei's average price - $7,600 per sq m for new homes - seems low compared to more expensive Asian cities - another lure for investors - wages here are lower and have not increased in 13 years if inflation is factored in.

The average home in Taipei now costs about $700,000 - 14 times that of average annual wages, so many adults, including couples married with children, continue to live with their parents or in-laws.

http://www.bbc.co.uk/news/business-20779609

twincharger07
post Mar 10 2013, 01:14 PM

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QUOTE(EddyLB @ Mar 10 2013, 11:32 AM)
Triny, your time will come. You are still young. In 5 years time, your salary will reach RM6k-8k. Together with your spouse, your household income will be RM15k+. By that time, you can afford to buy your dream home. 

During my time in the late 80s and early 90s, graduates never think of buying properties in the first 5 years. We just can't afford it.

Interest rate was high (BLR around 8%), loan tenure is low (not more than 20 years). Our starting pay is RM800-RM900 thereabout. But we never complain we can't afford properties. We knew our time will come that our salary will increase to RM3k-4k in 5 years time, then it is time we buy properties. We take it 1 step at a time.

Don't let the price of property now frighten you. The price will not go up forever. It is very likely the property market will take a breather now. In fact, the price is stagnant now. So you are in no hurry. Let's wait and see the market to stabilise. If the market crash, then seize the opportunity. Even if the market don't crash, it will stay stagnant. In 2 years time, your salary will allow you more choices

I was just puzzled nowadays, graduates who work for 2+ years already thinking of buying property  doh.gif  If even young people in the early 20s start thinking owning properties is a given, sure there will be property market bubble !  laugh.gif


Let's not put all the blame to the speculators/flippers/investors. You guys are part of the cause of property market bubble ! Maybe you are not because you have not bought any properties. But people like Pai Kor and the chap who appear in Singapore newspapers are youngsters themselves. They own 10+, 20+ properties before 30 years old. These youngsters joined the ranks of speculators/flippers/investors early in their age. Making the total number of speculators/flippers/investors to increase many fold. For every Pai Kor we can see, there are thousands of Pai Kor equivalent we can't see.
*
IMHO, there is no hard rules on how many years of working before buying 1st prop, it depends on ones capability, job security and needs... we are all different... we might need a paradigm shift to see things from other ppl's perspective...
cranx
post Mar 10 2013, 01:17 PM

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QUOTE(AVFAN @ Mar 10 2013, 01:01 PM)
comparing cheapest in kv vs taiper center maybe la...

more like 3-5 times, according to this recent article.
interesting to note avegrage wage in taiwan is almost rm13k pm based on given figures. that's 3-5 times ours!
*
Property price is 14 times pay, by that logic there are still a lot of room for us to catch up on.
Though for average salary unlikely to be that high (RM13k per month) Household income perhaps? I have friends working in Taiwan and I know the pay of my Taiwanese colleagues. It is comparable if not just slightly higher than ours.

Refer below the pay of professionals and managerial positions

http://www.payscale.com/research/TW/Country=Taiwan/Salary
EddyLB
post Mar 10 2013, 01:17 PM

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QUOTE(triny @ Mar 10 2013, 12:52 PM)
speaking on why prop in a young age, my
rationale is this [#53] i requote In my thread, I was using the term 'youngster' and 'middle class' loosely. First, the 5 yrs in Uni have taken the 'youth' away, many people only graduated from uni when they are 23-24yrs+ the first 3 years of working, it will take them to 26-27 yrs old -not longer young eh? (again, the issue of whether 26-27 is consider young is also depending on whether you are a male or a female). Whilst many people will come and say it does not matter (thats what I try to convince myself too), I always believe unlike man (which can be compare to a property in long run), the value of a woman depreciates (equates to a car) when they get older.

In the 20' I must work something out so when or before I reach 30' I have no fear even when all my peers are married with kids and able to live comfortably on my own instead of desperately looking for guys and get laid, and that's the least thing I could do to shut the aunties (san gu luk po) mouth about me not having a mate
*
Whatever your age you start working, the expectation to be able to afford a property after just 2+ years of working life is putting too much pressure unto yourself. You haven't given your bosses enough time to judge your ability so that your bosses can promote you. Give yourself 5 more years. That is a more reasonable timeframe

Perhaps this thread should not belong to this section. It should be in "Jobs & Careers"

Or whether woman depreciates and man appreciate when getting older, this topic should belong to "Girl's Club". You will be able to get a lot of encouragement there

AS for the question of "...instead of desperately looking for guys and get laid....", this topic should belong to "Cupid's Corner". You will be able to hear many good advice too

Sis, you are too concern about what others thought about you (those san gu lik po's comment), hence passing the pressure unto yourself. I have a few good female classmates who are not married. To them they are happier compared to those classmates who got married and later divorced. Anyway, this topic is not relevant in this section....

twincharger07
post Mar 10 2013, 01:23 PM

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QUOTE(EddyLB @ Mar 10 2013, 01:17 PM)
Whatever your age you start working, the expectation to be able to afford a property after just 2+ years of working life is putting too much pressure unto yourself. You haven't given your bosses enough time to judge your ability so that your bosses can promote you. Give yourself 5 more years. That is a more reasonable timeframe

Perhaps this thread should not belong to this section. It should be in "Jobs & Careers"
All these are just your personal assumption... we get promoted after 2 years...
blackmamba24
post Mar 10 2013, 01:23 PM

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QUOTE(triny @ Mar 10 2013, 12:21 AM)
Hi, thanks for sharing your experience. Glad that you are not stuck in the position of the youngsters now. The property market in Puchong also fly high like a sky.

You remind me of the mindset of some leaders (cant remember who)  some time ago: " Malaysians like to live in high standard living style, if living cost is so high, Malaysian should reduce its standard of living e.g. jalan kaki atau berbasikal pergi kerja la, apasal complain banyak banyak"

No doubt, people strive to be better, that is what our parent and the earlier generation achieved for working hard those days. I dont see it now. We strive hard, struggle to live a standard living style and are still stuck in the pyramid. Just because living cost and property price is high, does that mean we should tolerate with it and accept that now we should reduce our standard of living?
*
To be honest actually the property situation in Malaysia is ABNORMAL. What makes you think that buying a house at the age of 20 is a "standard living style"? Why does everyone wants to buy a house at the age of 20?? I have been living overseas in 3 different countries for the past 8 years, people don't buy a property until they are 40-50 years old, and that's rare to see someone buy a property at 30 years old. My advise is: If you want to buy a property at your age, perhaps you shouldn't be looking at prime areas, or another option is wait until you grow older and is financially capable, stable, then purchase a property at your desire location.
zuiko407
post Mar 10 2013, 01:27 PM

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QUOTE(joeblows @ Mar 10 2013, 12:19 PM)
TS, you can see many desperate speculators try to scare you about "price increase" in the next few years. My favorite, comparing us to Singapore.  laugh.gif

Please don't listen to them, do your own due diligence. Several former property bulls (myself included) have begun disposing of all their property holdings. There was another forummer "balrog" had quite a few props, just announced few days ago he disposed all.

To the speculators, you should act less cocky and arrogant here, probably its people like myself and TS you will be begging to buy your property off when the market turns....maybe if you are nicer we won't squeeze you kaukau when you desperately trying to stave off bankruptcy......nah who am I kidding? I will still squeeeeze.  brows.gif
*
TS if u listen to this blow guy, your life finish, end up like him keep waiting
ekompute
post Mar 10 2013, 01:31 PM

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QUOTE(triny @ Mar 9 2013, 11:45 PM)
I graduated sometime in 2010 and thereafter, alone, I traveled from South Peninsular Msia and started work in KL. As a fresh graduate, I am glad I had no commitment back then. Being a middle class (I am using the term loosely), not relying on any form of financial support from the family, I struggle to save money. Some 2 years later, when I finally have at least some enough saving to purchase my first property, my first commitment to me life, I noticed I am just a helpless (single) middle class, and find myself probably in the lowest tier of the category (though I am happy for my peers who have their bf/gf to share the installment with them and live comfortably in a condo albeit not landed prop)....
*
I am 58 years old... made a lot of mistakes in my life. When I was in KL in the early 1980s, Bangsar was a shit place, famous for its satay hawkers. Today, if you have a property in Bangsar, you should be very comfortable, even without a job.

If I were to live all over again, this is what I will do. I will buy a property in Nilai or somewhere out of KL that has a prospect of becoming another Petaling Jaya. Inconvenient? Who ask you to stay there? Rent a flat in KL, whatever and rent your property in Nilai (or wherever) to someone else. Even if you need to subsidize the difference between what you can rent and what you have to pay in terms of instalment, go ahead. Get a long term loan, a loan that is as long as you can get. At the rate Malaysia is going, the value of the ringgit may well be meeting that of the rupiah one day, so don't think the value of a ringgit is going to be the same, 10 years from now (especially if BN is running the show).

As regards the questions that real estate agents ask, why should you be offended or feel insulted? They are telling you the facts so that you know what you are in for, so that you don't waste your time and the agent's time, finding a property and later finding out that you can't afford.

Make sense?

(P/S: I think the direction heading towards Klang is a better bet because of the port.)

This post has been edited by ekompute: Mar 10 2013, 01:33 PM
EddyLB
post Mar 10 2013, 01:39 PM

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QUOTE(twincharger07 @ Mar 10 2013, 01:14 PM)
IMHO, there is no hard rules on how many years of working before buying 1st prop, it depends on ones capability, job security and needs... we are all different... we might need a paradigm shift to see things from other ppl's perspective...
*
Let's take a typical graduate with 2+ years experience. Their take home net pay is around RM3k-RM4k ? A mid-price nice apartment in KV is around RM500k ? That is the type of apartment they are eyeing. Those RM200k ones not up to expectation. So with RM450k loan, Installment is around RM2k. How to afford without stretching ?

If now a graduate can buy properties after working for 2+ years, it means that prices of house is affordable compare to my time in the late 80s / early 90s. We don't think of buying own property as our starting salary is RM800/RM900. Furthermore, BLR is 8%. That time where got BLR - 2.5% ? All BLR + x%. So we are talking about 10% interest rate. Somemore, the loan tenure is only 15-20 years. Where got 40 years tenure at that time ?

We kept our heads down and worked hard. We don't complain. We live and adjust to the environment. Nowadays, graduates are expecting a lot more. Which in the end, may not be a bad thing. They are more motivated to work hard to achieve what we failed to achieve in young age thumbup.gif


EddyLB
post Mar 10 2013, 01:41 PM

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QUOTE(twincharger07 @ Mar 10 2013, 01:23 PM)
All these are just your personal assumption... we get promoted after 2 years...
*
Apparently TS didn't get promotion after 2 years. Else, she wouldn't be complaining the property price laugh.gif

Good on you that you can afford a property/ies at young age thumbup.gif
blackmamba24
post Mar 10 2013, 01:42 PM

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QUOTE(twincharger07 @ Mar 10 2013, 01:23 PM)
All these are just your personal assumption... we get promoted after 2 years...
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And what makes you think that your promotion after 2 years will be enough for you to buy a property? How much increment you can get in 2 years?
GenY
post Mar 10 2013, 01:46 PM

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QUOTE(triny @ Mar 10 2013, 12:24 AM)
option (d) is the best idea  thumbup.gif , but rather hard to achieve compare to (a)-©
The problem is, the speculators are saying you should buy now otherwise 12-24months later you can never afford because by then the properties will be 100k-200k higher but salary only 500-1000 higher doh.gif / any thought to share?
*
You sound like an ambitious lady. If you want, I can try to arrange a yum char session for you with a friend of mine who is single and moderately wealthy (yes, he owns property) after general election tongue.gif
AMINT
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QUOTE(zuiko407 @ Mar 10 2013, 01:27 PM)
TS if u listen to this blow guy, your life finish, end up like him keep waiting
*
+1. Dont wait. Better buy since it is own stay, right? Up or down market, who cares? Investors are the ones that should be worried, not own stayers. If down also, cannot be always down until cannot recover until mati. Just make sure buy the right property, thats all.

This post has been edited by AMINT: Mar 10 2013, 01:51 PM
AMINT
post Mar 10 2013, 01:53 PM

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QUOTE(blackmamba24 @ Mar 10 2013, 01:42 PM)
And what makes you think that your promotion after 2 years will be enough for you to buy a property? How much increment you can get in 2 years?
*
I think it depends on which company. Some companies promote people very fast if u r really good at what u do. Some companies also keep revising salary to keep up with the market. This type of company is the one u should be targeting.
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Duplicate

This post has been edited by AMINT: Mar 10 2013, 01:55 PM
Malaysian_driver
post Mar 10 2013, 02:01 PM

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QUOTE(triny @ Mar 10 2013, 12:53 AM)
Thank you for your thought, that is very encouraging. I  have the feeling that saving money is no longer the best option as it fails to beat the inflation rate
*
New launch projects in Cyberjaya Hyve and Cybersquare both about RM230-250k. D'waterfront ampang RM240k. Kajang new apartment RM230k... The list goes on. You want or not?
blackmamba24
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QUOTE(AMINT @ Mar 10 2013, 01:53 PM)
I think it depends on which company. Some companies promote people very fast if u r really good at what u do. Some companies also keep revising salary to keep up with the market. This type of company is the one u should be targeting.
*
It's easier to say than to be done, it depends on what TS's job is and also his mentality. Looking at what he's complaining after just working for 2 years, it's hard to imagine he doesn't complaint about his job too.
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QUOTE(EddyLB @ Mar 10 2013, 01:39 PM)
Let's take a typical graduate with 2+ years experience. Their take home net pay is around RM3k-RM4k ? A mid-price nice apartment in KV is around RM500k ? That is the type of apartment they are eyeing. Those RM200k ones not up to expectation. So with RM450k loan, Installment is around RM2k. How to afford without stretching ?

If now a graduate can buy properties after working for 2+ years, it means that prices of house is affordable compare to my time in the late 80s / early 90s. We don't think of buying own property as our starting salary is RM800/RM900. Furthermore, BLR is 8%. That time where got BLR - 2.5% ? All BLR + x%. So we are talking about 10% interest rate. Somemore, the loan tenure is only 15-20 years. Where got 40 years tenure at that time ?

We kept our heads down and worked hard. We don't complain. We live and adjust to the environment. Nowadays, graduates are expecting a lot more. Which in the end, may not be a bad thing. They are more motivated to work hard to achieve what we failed to achieve in young age  thumbup.gif
*
Don't know why but I really agree with u. Maybe we are from the same generation. LOL.



This post has been edited by 1282009: Mar 10 2013, 02:22 PM
1282009
post Mar 10 2013, 02:24 PM

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QUOTE(AMINT @ Mar 10 2013, 01:50 PM)
+1. Dont wait. Better buy since it is own stay, right? Up or down market, who cares? Investors are the ones that should be worried, not own stayers. If down also, cannot be always down until cannot recover until mati. Just make sure buy the right property, thats all.
*
May I correct your word, bro? Flippers that is.


new[x]
post Mar 10 2013, 02:32 PM

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QUOTE(1282009 @ Mar 10 2013, 02:24 PM)
May I correct your word, bro? Flippers that is.
*
Property speculators to be precise.

I come to understand differences between property speculators and flippers recently.

Flippers are those who buy houses with poor conditions, work to restore them and perhaps renovate to enhance its value, and subsequently sell it to the market. Since they add values by doing those things, we should not be punishing this group.

Property speculators on the other hand add no value to the whole chain other than sitting in front of PC discussing the next property to speculate and make lives of middle class citizen miserable.
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QUOTE(newx @ Mar 10 2013, 02:32 PM)
Property speculators to be precise.

I come to understand differences between property speculators and flippers recently.

Flippers are those who buy houses with poor conditions, work to restore them and perhaps renovate to enhance its value, and subsequently sell it to the market. Since they add values by doing those things, we should not be punishing this group.

Property speculators on the other hand add no value to the whole chain other than sitting in front of PC discussing the next property to speculate and make lives of middle class citizen miserable.
*
How to punish? 2 years jail?
cranx
post Mar 10 2013, 02:38 PM

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QUOTE(newx @ Mar 10 2013, 02:32 PM)
Property speculators to be precise.

I come to understand differences between property speculators and flippers recently.

Flippers are those who buy houses with poor conditions, work to restore them and perhaps renovate to enhance its value, and subsequently sell it to the market. Since they add values by doing those things, we should not be punishing this group.

Property speculators on the other hand add no value to the whole chain other than sitting in front of PC discussing the next property to speculate and make lives of middle class citizen miserable.
*
Flippers can also buy new launch with DIBS, pay 10% or 0 down, wait for completion then flip before paying any monthly installment.

Property speculator is different though, anyone can be a property speculator.
Here for example a lot of people speculate the price will go down soon, or go up to match Singapore or Hong Kong prices.

1282009
post Mar 10 2013, 02:39 PM

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QUOTE(cranx @ Mar 10 2013, 02:38 PM)
Flippers can also buy new launch with DIBS, pay 10% or 0 down, wait for completion then flip before paying any monthly installment.
Property speculator is different though, anyone can be a property speculator.
Here for example a lot of people speculate the price will go down soon, or go up to match Singapore or Hong Kong prices.
*
That is my understanding of the word.


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post Mar 10 2013, 02:42 PM

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Hahah. If jail, bankers, lawyers, government officials, property agents, property gurus, all need to face sentences too coz helping out in situation. Kekekeke
tigana
post Mar 10 2013, 02:43 PM

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QUOTE(triny @ Mar 9 2013, 11:45 PM)
I graduated sometime in 2010 and thereafter, alone, I traveled from South Peninsular Msia and started work in KL. As a fresh graduate, I am glad I had no commitment back then. Being a middle class (I am using the term loosely), not relying on any form of financial support from the family, I struggle to save money. Some 2 years later, when I finally have at least some enough saving to purchase my first property, my first commitment to me life, I noticed I am just a helpless (single) middle class, and find myself probably in the lowest tier of the category (though I am happy for my peers who have their bf/gf to share the installment with them and live comfortably in a condo albeit not landed prop).

My experiences with real estate agents are nasty to the utmost. The first thing they ask before you even want to view the property is: how much do you earn? Are you able to take a loan? You need to prepare at least 100k cash because the bank valuation is lower than the selling price? Do you have that money? And finally, yes, they tell you upfront what they do is:- they purchase properties from sellers, keep it for their own and sell it to you whenever they feel like it, or you beg for it (p/s and the price is not negotiable).
Yes, there are many articles, analysis of 'expert' where they said the youngster now find it difficult to purchase a property because

i) there are cheap properties (like flat of about 180k-250k) around but they are choosy
ii) there are many options out skirt of town not preferred by the youngsters. They are not willing to travel.
iii) youngsters now want "cheap and good" properties
iv) they want to live in a good environment

I find this extremely offensive. This means we have to accept this situation :- where one could not afford a 400k-500k  1,000sq ft condo in KL (sub sale), you shouldn't be complaining because
i) malaysia property market is still 'slow' and 'low'
ii) just stay in nilai, semenyih, or even seremban to travel to KL everyday, whats the big deal (regardless of the toll?)
iii) you can still afford a flat or an apartment where the residents are at least 40% foreign labour (forget about new launching because is 500k and above) i.e.  your monthly installment is at least RM2,500

This sound like we are being pushed to low class i.e. stay in flat, or far far away (to avoid jam and toll, dont drive, ride a motor or take ktm or maybe the bus with the foreign labour), or continue renting from the elite class (investors, people strong financial background, holding many properties) and help them with their installment

There are many speculations around,is it the real estate agents? Is it the foreign investors?

Whatever the cause is, so be it, just that what is left for the middle class (soon will be pushed to a lower hierarchy), particularly those in KL (with no financial background)?
Really is there anything that could be done to assist? (apart from the projects which I need some luck with it)
*
I really do sympathise with you. And I do worry about the younger generation including my children. Nobody is forcing anybody to live where they don't like. I would like to own a house in London, or Singapore, or near KLCC. I would like a Ferrari. You can dream about it and work hard towards the dream, initially you need to live somewhere affordable first or drive a cheap 2nd hand car first. Along the way. you might find other things that make you truly happy. Like spending more time with your family, financial freedom, then your dreams maybe adjusted. One of the secrets to success is to dream big, be creative but at the same time try to be truly happy with less. All the best.
SUStat3179
post Mar 10 2013, 03:34 PM

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QUOTE(sheanhung @ Mar 10 2013, 12:51 PM)
Example a 500k landed property at Puchong, to what extend it will drop? 450k? Or lower? In Malaysia hiatory, what and when was the highest drop of property price? Do u expect the highest drop in the history?

Please give some opinion on the above 3 doubts. Thanks.
*
Ever heard of a black swan event? biggrin.gif

The Americans also claimed that through their history props can never drop half.

Heck, many claimed nothing is certain except props will always go up and americans always pays their mortgage....hence the reason why the banks bundle up the loans and issued bonds and spread that crap world wide.

Of course, 2007 happened.

So who are you to say houses in Puchong won't drop to 200K if the bubble exploded?
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QUOTE(zuiko407 @ Mar 10 2013, 02:37 PM)
How to punish? 2 years jail?
*
Let the market punish these property speculators not our legal system.
kh8668
post Mar 10 2013, 03:41 PM

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QUOTE(tat3179 @ Mar 10 2013, 03:34 PM)
Ever heard of a black swan event?  biggrin.gif

The Americans also claimed that through their history props can never drop half.

Heck, many claimed nothing is certain except props will always go up and americans always pays their mortgage....hence the reason why the banks bundle up the loans and issued bonds and spread that crap world wide.

Of course, 2007 happened.

So who are you to say houses in Puchong won't drop to 200K if the bubble exploded?
*
Is America s properties cheaper than ours? Or our properties are cheaper than theirs?

How to compare the situation there and over here ?
AMINT
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QUOTE(tat3179 @ Mar 10 2013, 03:34 PM)
Ever heard of a black swan event?  biggrin.gif

The Americans also claimed that through their history props can never drop half.

Heck, many claimed nothing is certain except props will always go up and americans always pays their mortgage....hence the reason why the banks bundle up the loans and issued bonds and spread that crap world wide.

Of course, 2007 happened.

So who are you to say houses in Puchong won't drop to 200K if the bubble exploded?
*
Puchong price drop to rm200k when bubble exploded? Yeah maybe those just above rm300k can la. those rm700k to above rm1 mil gonna drop that much? I can tell u just drop rm100k below market, many people will buy already. Unless there is a war, suddenly becomes like greece, no way this is happening. Subang jaya landed prop price didnt move much in 1997. Good props always have demand
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QUOTE(1282009 @ Mar 10 2013, 02:21 PM)
Don't know why but I really agree with u. Maybe we are from the same generation. LOL.
*
laugh.gif

Not too long ago we always say our parents don't understand our modern way of doing things.

Now, it is our turn who don't understand the youngster's way tongue.gif

Generation gap always exist. Only that now we are on the other side haha
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QUOTE(kh8668 @ Mar 10 2013, 03:41 PM)
Is America s properties cheaper than ours? Or our properties are cheaper than theirs?

How to compare the situation there and over here ?
*
In America, some parts are cheaper than ours. Detroit for example.

And some parts you can never dream to buy unless you are mega rich, some parts of Manhattan for example.

But loads of people got their "underwater" situation.
SUStat3179
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QUOTE(AMINT @ Mar 10 2013, 03:52 PM)
Puchong price drop to rm200k when bubble exploded? Yeah maybe those just above rm300k can la. those rm700k to above rm1 mil gonna drop that much? I can tell u just drop rm100k below market, many people will buy already. Unless there is a war, suddenly becomes like greece, no way this is happening. Subang jaya landed prop price didnt move much in 1997. Good props always have demand
*
Like I said, can anyone predict the future?

I just hope that what happens in America does not happen to us.

But a correction, I think, is coming.

How severe, who knows?
AppreciativeMan
post Mar 10 2013, 04:34 PM

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QUOTE(tat3179 @ Mar 10 2013, 04:23 PM)
Like I said, can anyone predict the future?

I just hope that what happens in America does not happen to us.

But a correction, I think, is coming.

How severe, who knows?
*
Hmmm.... Aren't u been predicting the future all this while?.....
kh8668
post Mar 10 2013, 04:38 PM

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QUOTE(tat3179 @ Mar 10 2013, 04:22 PM)
In America, some parts are cheaper than ours. Detroit for example.

And some parts you can never dream to buy unless you are mega rich, some parts of Manhattan for example.

But loads of people got their "underwater" situation.
*
Same thing applies to here I believe
zuiko407
post Mar 10 2013, 05:18 PM

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QUOTE(tat3179 @ Mar 10 2013, 04:22 PM)
In America, some parts are cheaper than ours. Detroit for example.

And some parts you can never dream to buy unless you are mega rich, some parts of Manhattan for example.

But loads of people got their "underwater" situation.
*
In US, many thing are cheaper than msia, not only houses, BMW, Merc and Ferrari are cheaper, education fees also cheaper, parents won't ask in the forum how much money required for children education fund!
How to compare mr tat3179
torkl
post Mar 10 2013, 05:33 PM

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how come fresh graduates call.themselves middle class nowadays and claim entitlement to dpc houses?
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post Mar 10 2013, 05:38 PM

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The talk of property price drop has been started since 2008

http://forum.lowyat.net/topic/741185

Probably it will really happened tomorrow, next year, or next next year.

Imho, for own stay, if found one that within your affordibility and you are ok with it, just buy it. I think even property super experts also cannot time the market correctly.
sheanhung
post Mar 10 2013, 05:47 PM

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QUOTE(newx @ Mar 10 2013, 02:32 PM)
Property speculators to be precise.

I come to understand differences between property speculators and flippers recently.

Flippers are those who buy houses with poor conditions, work to restore them and perhaps renovate to enhance its value, and subsequently sell it to the market. Since they add values by doing those things, we should not be punishing this group.

Property speculators on the other hand add no value to the whole chain other than sitting in front of PC discussing the next property to speculate and make lives of middle class citizen miserable.
*
So, any point here?

SUStat3179
post Mar 10 2013, 05:49 PM

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QUOTE(kh8668 @ Mar 10 2013, 04:38 PM)
Same thing applies to here I believe
*
Except KL is not manhattan, where the mega rich want to stay, or top talent flood in annually.

Dollar vs dollar the average American earns more than Malaysians, if you don't convert.

What frighten me is that 90% of the household here earns less than 5k gross per month.


SUStat3179
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QUOTE(zuiko407 @ Mar 10 2013, 05:18 PM)
In US, many thing are cheaper than msia, not only houses, BMW, Merc and Ferrari are cheaper, education fees also cheaper, parents won't ask in the forum how much money required for children education fund!
How to compare mr tat3179
*
Precisely, and how do you justify the rate of price increase of houses versus with the affordability of Malaysians to sustain your Up up up theory, Mr Zuiko?

And on average Americans earns more than Malaysians, yet their bubble blew up like hell. Why will Malaysia's props be immune?
Oh, one more, thing, I think it would be wise to ask around in order to plan and diversify your risk and investment assets, instead of betting all or most into one asset class.

This post has been edited by tat3179: Mar 10 2013, 05:59 PM
SUStat3179
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QUOTE(AppreciativeMan @ Mar 10 2013, 04:34 PM)
Hmmm.... Aren't u been predicting the future all this while?.....
*
Nope. Just sense.

It is like seeing the ball going up and up, eventually, the ball will fall back to ground.

That is certainty. Law of nature.

Of course, being uneducated the whole concept is pretty new to you, is it not... biggrin.gif ?

I am predicting the ball will soon fall,soon.
SUStat3179
post Mar 10 2013, 05:57 PM

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QUOTE(AMINT @ Mar 10 2013, 03:52 PM)
Puchong price drop to rm200k when bubble exploded? Yeah maybe those just above rm300k can la. those rm700k to above rm1 mil gonna drop that much? I can tell u just drop rm100k below market, many people will buy already. Unless there is a war, suddenly becomes like greece, no way this is happening. Subang jaya landed prop price didnt move much in 1997. Good props always have demand
*
Sure, if you are a Singapore or manhattan were the talented and big companies congregate.

Tell me, is kl a manhattan, Singapore or London?
sheanhung
post Mar 10 2013, 06:00 PM

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QUOTE(tat3179 @ Mar 10 2013, 04:23 PM)
Like I said, can anyone predict the future?

I just hope that what happens in America does not happen to us.

But a correction, I think, is coming.

How severe, who knows?
*
Sorry, i disagree with you. Everyone can predict the future but not everyone predictions are right. Do sufficient homework and we will know what is the future trend likely to be.

Yes ppl talking abt bubble start from N years ago. Please, stop spreading negative thoughts here, if property price drop so much: crime rate increase, jobless everywhere, and many ppl suffer! So, your are saying BUBBLE IS COMING, right?

This post has been edited by sheanhung: Mar 10 2013, 06:01 PM
sheanhung
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QUOTE(tat3179 @ Mar 10 2013, 05:57 PM)
Sure, if you are a Singapore or manhattan were the talented and big companies congregate.

Tell me, is kl a manhattan, Singapore or London?
*
I love KL. KL is KL. U don't buy? I buy, he buy, someone else will buy, or let foreigners buy. So, let foreigner be your land lord.

This post has been edited by sheanhung: Mar 10 2013, 06:04 PM
AppreciativeMan
post Mar 10 2013, 06:06 PM

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QUOTE(tat3179 @ Mar 10 2013, 05:54 PM)
Nope. Just sense.

It is like seeing the ball going up and up, eventually, the ball will fall back to ground.

That is certainty. Law of nature.

Of course, being uneducated the whole concept is pretty new to you, is it not... biggrin.gif ?

I am predicting the ball will soon fall,soon.
*
laugh.gif laugh.gif laugh.gif
What a true lawyer..... Twisting and turning around..... laugh.gif laugh.gif laugh.gif
I think your balls will fall too by then..... laugh.gif laugh.gif laugh.gif
Malaysian_driver
post Mar 10 2013, 06:07 PM

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QUOTE(sheanhung @ Mar 10 2013, 06:00 PM)
Sorry, i disagree with you. Everyone can predict the future but not everyone predictions are right. Do sufficient homework and we will know what is the future trend likely to be.

Yes ppl talking abt bubble start from N years ago. Please, stop spreading negative thoughts here, if property price drop so much: crime rate increase, jobless everywhere, and many ppl suffer! So, your are saying BUBBLE IS COMING, right?
*
How to define middle class? Because there is upper middle and middle middle and lower middle, right? I am from middle class too. I can pay 10% downpayment and take RM500k+ loan to buy a unit in let's say, Tamarind, Seri Maya, Saville, Sutramas Dutamas, etc. Monthly installment of RM3000. Still got extra RM2000 to spend. Is it overborrowing?
SUStat3179
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QUOTE(sheanhung @ Mar 10 2013, 06:00 PM)
Sorry, i disagree with you. Everyone can predict the future but not everyone predictions are right. Do sufficient homework and we will know what is the future trend likely to be.

Yes ppl talking abt bubble start from N years ago. Please, stop spreading negative thoughts here, if property price drop so much: crime rate increase, jobless everywhere, and many ppl suffer! So, your are saying BUBBLE IS COMING, right?
*
I am saying we are in a bubble already. Just a matter of time before it pops.

Nobody likes a downturn or a down cycle, just like nobody likes to fall sick or catch a cold.

But it will happen - whether you like it or not.

If you play in a capitalist system, it would be foolish of you to close your eyes and pretend that where there are booms, there are no busts..

Keep denying, but it will happen. It is the nature of the beast.


SUStat3179
post Mar 10 2013, 06:10 PM

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QUOTE(sheanhung @ Mar 10 2013, 06:04 PM)
I love KL. KL is KL. U don't buy? I buy, he buy, someone else will buy, or let foreigners buy. So, let foreigner be your land lord.
*
Ok, by all means buy lor...it is your money.

I am just saying that it is over valued that's all.

Just like I am saying that particular stock is over valued, and will fall.


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QUOTE(AppreciativeMan @ Mar 10 2013, 06:06 PM)
laugh.gif  laugh.gif  laugh.gif
What a true lawyer..... Twisting and turning around.....  laugh.gif  laugh.gif  laugh.gif
I think your balls will fall too by then.....  laugh.gif  laugh.gif  laugh.gif
*
It's okay....we will seelah who will have the last laugh.

No worries, arguing with me still benefits you.

At least you know who to look for when you need a bankruptcy lawyer to defend against the banks.... biggrin.gif
sheanhung
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QUOTE(tat3179 @ Mar 10 2013, 05:54 PM)
Nope. Just sense.

It is like seeing the ball going up and up, eventually, the ball will fall back to ground.

That is certainty. Law of nature.

Of course, being uneducated the whole concept is pretty new to you, is it not... biggrin.gif ?

I am predicting the ball will soon fall,soon.
*
Stop bullshiting around and tell us when it going to fall? How long it will last and what is your suggestion? Your opinion had no point at all. Please show some concrete reason why you think Malaysia will face this situation? If your statement is reasonable, do u hav property for sale? I believe many ppl here would like to help u.
sheanhung
post Mar 10 2013, 06:15 PM

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QUOTE(tat3179 @ Mar 10 2013, 06:12 PM)
It's okay....we will seelah who will have the last laugh.

No worries, arguing with me still benefits you.

At least you know who to look for when you need a bankruptcy lawyer to defend against the banks.... biggrin.gif
*
Your statement shows you are just another bullshit king only.
AppreciativeMan
post Mar 10 2013, 06:17 PM

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QUOTE(tat3179 @ Mar 10 2013, 06:12 PM)
It's okay....we will seelah who will have the last laugh.

No worries, arguing with me still benefits you.

At least you know who to look for when you need a bankruptcy lawyer to defend against the banks.... biggrin.gif
*
laugh.gif laugh.gif laugh.gif
U r real desperate for business ya.... Change your attitude I think u'll get more business.... laugh.gif laugh.gif laugh.gif
SUStat3179
post Mar 10 2013, 06:18 PM

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QUOTE(sheanhung @ Mar 10 2013, 06:12 PM)
Stop bullshiting around and tell us when it going to fall? How long it will last and what is your suggestion? Your opinion had no point at all. Please show some concrete reason why you think Malaysia will face this situation? If your statement is reasonable, do u hav property for sale? I believe many ppl here would like to help u.
*
Sigh...I have explained myself to death already...please check other threads...especially the pinned one about why props will fall.

It is okay, if you don't agree, go buy somemorelah...I am not stopping you. Nobody is.

If you can't even be confident and unsure in what you are investing, I suggest that you stop investinglah, you don't have the knack in it.


sheanhung
post Mar 10 2013, 06:19 PM

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QUOTE(tat3179 @ Mar 10 2013, 06:09 PM)
I am saying we are in a bubble already. Just a matter of time before it pops.

Nobody likes a downturn or a down cycle, just like nobody likes to fall sick or catch a cold.

But it will happen - whether you like it or not.

If you play in a capitalist system, it would be foolish of you to close your eyes and pretend that where there are booms, there are no busts..

Keep denying, but it will happen. It is the nature of the beast.
*
What makes u justify we are in bubble? When will it burst? And why are you only keep saying....IT IS GONNA BURST! IT IS GONNA BURST! IT IS GONNA BURST!

When will it burst? I need your professional advise.
SUStat3179
post Mar 10 2013, 06:19 PM

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QUOTE(sheanhung @ Mar 10 2013, 06:15 PM)
Your statement shows you are just another bullshit king only.
*
Well, we will see won't we...? biggrin.gif

Anyway, I know what I am doing with my hard earned money. Either way, I know I can sleep at night.

Judging by the way you comment on my comments....do you? biggrin.gif
SUStat3179
post Mar 10 2013, 06:20 PM

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QUOTE(AppreciativeMan @ Mar 10 2013, 06:17 PM)
laugh.gif  laugh.gif  laugh.gif
U r real desperate for business ya.... Change your attitude I think u'll get more business....  laugh.gif  laugh.gif  laugh.gif
*
Why? you wanna give me business...? biggrin.gif

If so, PM me.

I can give you good rates...
SUStat3179
post Mar 10 2013, 06:21 PM

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QUOTE(sheanhung @ Mar 10 2013, 06:19 PM)
What makes u justify we are in bubble? When will it burst? And why are you only keep saying....IT IS GONNA BURST! IT IS GONNA BURST! IT IS GONNA BURST!

When will it burst? I need your professional advise.
*
Friend, I am tired of repeating my self.

Go read DebtisMoney's pinned threads and see my comments why.

Feel free to disagree....like I said, I know what I am doing with my money.

Feel free to do whatever with yours.
sheanhung
post Mar 10 2013, 06:21 PM

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QUOTE(tat3179 @ Mar 10 2013, 06:18 PM)
Sigh...I have explained myself to death already...please check other threads...especially the pinned one about why props will fall.

It is okay, if you don't agree, go buy somemorelah...I am not stopping you. Nobody is.

If you can't even be confident and unsure in what you are investing, I suggest that you stop investinglah, you don't have the knack in it.
*
It is your own statement corner yourself. We also worried about economic crisis. If you don't know when it will happen, then stop saying IT WILL BURST SOON.
SUStat3179
post Mar 10 2013, 06:24 PM

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QUOTE(sheanhung @ Mar 10 2013, 06:21 PM)
It is your own statement corner yourself. We also worried about economic crisis. If you don't know when it will happen, then stop saying IT WILL BURST SOON.
*
Yeah I wish for world peace, constant prosperity and no global warming.

What I want is means jack shit.

There is a bubble, and it will burst. Maybe after GE. Maybe next year.

But the market will correct. Pray it will be not severe.

If you are worried, invest in something else. If not, party one dudes! biggrin.gif
sheanhung
post Mar 10 2013, 06:24 PM

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QUOTE(tat3179 @ Mar 10 2013, 06:19 PM)
Well, we will see won't we...?  biggrin.gif

Anyway, I know what I am doing with my hard earned money. Either way, I know I can sleep at night.

Judging by the way you comment on my comments....do you?  biggrin.gif
*
Such a dissapointment. You just couldn't give us answer.
cranx
post Mar 10 2013, 06:26 PM

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QUOTE(sheanhung @ Mar 10 2013, 06:19 PM)
What makes u justify we are in bubble? When will it burst? And why are you only keep saying....IT IS GONNA BURST! IT IS GONNA BURST! IT IS GONNA BURST!

When will it burst? I need your professional advise.
*
yes you can buy RM300k with your income, no worries and dont stress yourself too much. (I sense heavy emotions and desperation in your posts here)
just make sure it is not one of those 300sf small SOFO, else just go for the PR1MA for low income people, believe still qualified.

http://forum.lowyat.net/index.php?showtopic=2655372&hl=
SUStat3179
post Mar 10 2013, 06:28 PM

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QUOTE(sheanhung @ Mar 10 2013, 06:24 PM)
Such a dissapointment. You just couldn't give us answer.
*
I can smell your desperation from here...tell me...how many props have you actually purchased with DIBS?

I am not mocking you, I am serious.

Dude, seeing your thread....can you make the repayments if you can't dispose off the props after DIBS?



This post has been edited by tat3179: Mar 10 2013, 06:30 PM
SUStat3179
post Mar 10 2013, 06:29 PM

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QUOTE(cranx @ Mar 10 2013, 06:26 PM)
yes you can buy RM300k with your income, no worries and dont stress yourself too much. (I sense heavy emotions and desperation in your posts here)
just make sure it is not one of those 300sf small SOFO, else just go for the PR1MA for low income people, believe still qualified.

http://forum.lowyat.net/index.php?showtopic=2655372&hl=
*
Good grief, now it makes sense...


AppreciativeMan
post Mar 10 2013, 06:49 PM

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QUOTE(tat3179 @ Mar 10 2013, 06:20 PM)
Why? you wanna give me business...?  biggrin.gif

If so, PM me.

I can give you good rates...
*
Why dreaming of something tat is not gonna happen?? doh.gif doh.gif doh.gif
SUStat3179
post Mar 10 2013, 06:51 PM

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QUOTE(AppreciativeMan @ Mar 10 2013, 06:49 PM)
Why dreaming of something tat is not gonna happen??  doh.gif  doh.gif  doh.gif
*
Hah! Funniest thing I have heard so far... biggrin.gif


sheanhung
post Mar 10 2013, 06:53 PM

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QUOTE(tat3179 @ Mar 10 2013, 06:29 PM)
Good grief, now it makes sense...
*

Thanks for bringing my post here. I am working hard to get my first house and it is almost done for signing.

Don't divert attention. Middle class like me is waiting for your thesis.
SUStat3179
post Mar 10 2013, 06:57 PM

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QUOTE(sheanhung @ Mar 10 2013, 06:53 PM)
Thanks for bringing my post here. I am working hard to get my first house and it is almost done for signing.

Don't divert attention. Middle class like me is waiting for your thesis.
*
You want my thesis, go read up on my other threads I told you.

Very simple friend...can you afford the house later after the DIBS expire? When is the VP?

If not, better pray to Allah, Kwan Yin, Buddha, Shiva and Jesus that the bubble don't explode then.

If not....well....

I am sorry, there I think think there is a bubble going on.

That is why, if you want to play the flipping game, better have holding power, if not....

One more thing, if the middle class like yourself already sweating bullets about the props that you are buying, think about what I said about a bubble.

Can people like you afford to buy it easily?

This post has been edited by tat3179: Mar 10 2013, 06:58 PM
cranx
post Mar 10 2013, 07:03 PM

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QUOTE(sheanhung @ Mar 10 2013, 06:53 PM)
Thanks for bringing my post here. I am working hard to get my first house and it is almost done for signing.

Don't divert attention. Middle class like me is waiting for your thesis.
*
the only regret is that you joined the game a little late.
good thing it is only RM300k, still within the affordable range, even bubble burst you will still be alright.

* again my assumption is that your first purchase is not one of those 'affordable' pigeon hole.
zuiko407
post Mar 10 2013, 07:09 PM

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QUOTE(tat3179 @ Mar 10 2013, 05:52 PM)
Precisely, and how do you justify the rate of price increase of houses versus with the affordability of Malaysians to sustain your Up up up theory, Mr Zuiko?

And on average Americans earns more than Malaysians, yet their bubble blew up like hell. Why will Malaysia's props be immune?
Oh, one more, thing, I think it would be wise to ask around in order to plan and diversify your risk and investment assets, instead of betting all or most into one asset class.
*
High price only in the major city, you still can find a pretty cheap property in kampung mr tat, most wealthy people are stay in the city, till now u still don't understand and keep compare the price vs average or majority income of whole msian, as long as the demand market still there, means enough buyers in the market, who care your affordability up to 150k or 250k?
Who are they and where are they the wealthy people? The new launch of Rimbayu residence is one example, twin ark Bukit Jalil achieve 90% sales with record price at the area.

sheanhung
post Mar 10 2013, 07:12 PM

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QUOTE(cranx @ Mar 10 2013, 07:03 PM)
the only regret is that you joined the game a little late.
good thing it is only RM300k, still within the affordable range, even bubble burst you will still be alright.

* again my assumption is that your first purchase is not one of those 'affordable' pigeon hole.
*
Thanks, there is never late.
sheanhung
post Mar 10 2013, 07:20 PM

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QUOTE(tat3179 @ Mar 10 2013, 06:57 PM)
You want my thesis, go read up on my other threads I told you.

Very simple friend...can you afford the house later after the DIBS expire? When is the VP?

If not, better pray to Allah, Kwan Yin, Buddha, Shiva and Jesus that the bubble don't explode then.

If not....well....

I am sorry, there I think think there is a bubble going on.

That is why, if you want to play the flipping game, better have holding power, if not....

One more thing, if the middle class like yourself already sweating bullets about the props that you are buying, think about what I said about a bubble.

Can people like you afford to buy it easily?
*
Thanks for your concern. Wish your business as good as never before. I may be not rich now but it is not forever. Continue your way and we have nothing to discuss or saying any further.
joeblows
post Mar 10 2013, 07:25 PM

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QUOTE(zuiko407 @ Mar 10 2013, 01:27 PM)
TS if u listen to this blow guy, your life finish, end up like him keep waiting
*
My life finished?

Not really my friend, at age 30, I'm doing better than you at whatever age you are, coming on lowyat to boast everyday. Stay greedy, let me know how your condos doing in 18-24mths time.

If wanna short sale or fire sale, let me know ok. If you tell me zuiko from LYN, I give more chance to choose your unit over other desperate sellers so you can escape bank lelong. brows.gif
sheanhung
post Mar 10 2013, 07:29 PM

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QUOTE(joeblows @ Mar 10 2013, 07:25 PM)
My life finished?

Not really my friend, at age 30, I'm doing better than you at whatever age you are, coming on lowyat to boast everyday. Stay greedy, let me know how your condos doing in 18-24mths time.

If wanna short sale or fire sale, let me know ok. If you tell me zuiko from LYN, I give more chance to choose your unit over other desperate sellers so you can escape bank lelong.  brows.gif
*
So, do u mean we should lay back and see the show of economic crisis?
joeblows
post Mar 10 2013, 07:38 PM

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QUOTE(sheanhung @ Mar 10 2013, 07:29 PM)
So, do u mean we should lay back and see the show of economic crisis?
*
Depends lah.

If I am heavy over-leverage like some speculator here, "lay back" is the last thing I would do.

Can't even sleep at night more like it, seeing heavy oversupply of high-rise coming up in KV.

If your situation like me* clearing all props and readying cash to buy all those desperate seller units, then can lay back lah. laugh.gif

* - Some daiko readying few M cash already after disposing half dozen props. Just caught up for one for Sunday tea. His view: 99% high rise crash, price peaked for at least 10 years for those "luxury condos" 800psf and above especially in non-prime area.

Means you buy now, you will be underwater for at least 1 decade. Good luck if you holding few. thumbup.gif

This post has been edited by joeblows: Mar 10 2013, 07:39 PM
torkl
post Mar 10 2013, 07:47 PM

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8 pages and I still can't figure out what 'middle class' has got to do with TS' problem
EddyLB
post Mar 10 2013, 08:08 PM

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QUOTE(torkl @ Mar 10 2013, 07:47 PM)
8 pages and I still can't figure out what 'middle class' has got to do with TS' problem
*
laugh.gif laugh.gif

Those "fanatic" from the pinned war zone thread has brought their extremist Buy Buy Buy and Bubble Bubble Bubble view into other people's thread drool.gif

TS see already also shake head yawn.gif
zuiko407
post Mar 10 2013, 08:11 PM

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QUOTE(joeblows @ Mar 10 2013, 07:25 PM)
My life finished?

Not really my friend, at age 30, I'm doing better than you at whatever age you are, coming on lowyat to boast everyday. Stay greedy, let me know how your condos doing in 18-24mths time.

If wanna short sale or fire sale, let me know ok. If you tell me zuiko from LYN, I give more chance to choose your unit over other desperate sellers so you can escape bank lelong.  brows.gif
*
30 year old still suffering for 1st property, omg I'll kill myself if I were u
joeblows
post Mar 10 2013, 08:14 PM

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QUOTE(EddyLB @ Mar 10 2013, 01:39 PM)
Let's take a typical graduate with 2+ years experience. Their take home net pay is around RM3k-RM4k ? A mid-price nice apartment in KV is around RM500k ? That is the type of apartment they are eyeing. Those RM200k ones not up to expectation. So with RM450k loan, Installment is around RM2k. How to afford without stretching ?

If now a graduate can buy properties after working for 2+ years, it means that prices of house is affordable compare to my time in the late 80s / early 90s. We don't think of buying own property as our starting salary is RM800/RM900. Furthermore, BLR is 8%. That time where got BLR - 2.5% ? All BLR + x%. So we are talking about 10% interest rate. Somemore, the loan tenure is only 15-20 years. Where got 40 years tenure at that time ?

We kept our heads down and worked hard. We don't complain. We live and adjust to the environment. Nowadays, graduates are expecting a lot more. Which in the end, may not be a bad thing. They are more motivated to work hard to achieve what we failed to achieve in young age  thumbup.gif
*
But see here's the problem.

Graduate now can buy house not because affordability is better, but because of easy credit.

At your time, BLR is 8%+X but remember, most people only loan 20 years, some even 15 years (like my parents).

Now, graduate can "buy" house, but remember:
a) Praying that affordability don't go down as BLR increase, and
b) Taking for 30, some 35 years loan (so actual amount paid is double paid in % term)
c) House size is different, your time, grad can't afford, maybe, but its a double storrey terrace. Now? They can barely afford, and if afford its a 600-700sqft shoebox at extremely high psft price.
joeblows
post Mar 10 2013, 08:16 PM

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QUOTE(zuiko407 @ Mar 10 2013, 08:11 PM)
30 year old still suffering for 1st property, omg I'll kill myself if I were u
*
Got two, in process of selling off. You wanna buy? I'll give you special price on my 1120, Rm375K. Should be easy decision for you to say yes as price only goes up!

If you wanna kill yourself from it also can, I invite you to jump. It's 12th floor, so I satisfaction guarantee. smile.gif
kh8668
post Mar 10 2013, 08:18 PM

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QUOTE(joeblows @ Mar 10 2013, 08:16 PM)
Got two, in process of selling off. You wanna buy? I'll give you special price on my 1120, Rm375K. Should be easy decision for you to say yes as price only goes up!

If you wanna kill yourself from it also can, I invite you to jump. It's 12th floor, so I satisfaction guarantee.  smile.gif
*
where is the location?
joeblows
post Mar 10 2013, 08:21 PM

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QUOTE(kh8668 @ Mar 10 2013, 08:18 PM)
where is the location?
*
OKR.

To be honest, I got two interested buyers but they are asking for me to pay off snp. Shall see how, I got agents looking for me.
SS2 Casa already in process of selling already, to my tennant. Gave him good price as he in good faith already fixed some stuff for me on his own money since beginning Jan13.
BeastB
post Mar 10 2013, 08:23 PM

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QUOTE(joeblows @ Mar 10 2013, 08:16 PM)
Got two, in process of selling off. You wanna buy? I'll give you special price on my 1120, Rm375K. Should be easy decision for you to say yes as price only goes up!

If you wanna kill yourself from it also can, I invite you to jump. It's 12th floor, so I satisfaction guarantee.  smile.gif
*
Must be a crappy location/crappy condo?

You advise people to cash in on their props...well, there are many owners here who have a lot of confidence in their investments. If the location is good and there's many developments planned around them, it would be very stupid to sell it off.

Like it or not, the whole world is looking at USA's progress....DJI and S&P are at all time high, unemployment rate going down, T-Bond yields improving as well. And no increase in OPR for the next 3 years at least. Msia experienced one of the greatest property bullruns during the economic crisis...and prop prices are still matching neighbouring countries (although nowhere close to Singapore or Hong Kong)...and you're talking about a bubble almost ready to burst. Dreamland bro.
joeblows
post Mar 10 2013, 08:27 PM

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QUOTE(BeastB @ Mar 10 2013, 08:23 PM)
Must be a crappy location/crappy condo?

You advise people to cash in on their props...well, there are many owners here who have a lot of confidence in their investments. If the location is good and there's many developments planned around them, it would be very stupid to sell it off.

Like it or not, the whole world is looking at USA's progress....DJI and S&P are at all time high, unemployment rate going down, T-Bond yields improving as well. And no increase in OPR for the next 3 years at least. Msia experienced one of the greatest property bullruns during the economic crisis...and prop prices are still matching neighbouring countries (although nowhere close to Singapore or Hong Kong)...and you're talking about a bubble almost ready to burst. Dreamland bro.
*
As I said, do your own due diligence. Especially on rental yields, supply and demand, etc.

I'm not the only one. Many others have cashed out.

If you wanna hold and further keep buying, be my guest. I don't lose anything don't worry. Just advising you, cause I do believe in karma, helping others not to waste their money. nod.gif
zuiko407
post Mar 10 2013, 08:29 PM

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QUOTE(joeblows @ Mar 10 2013, 08:16 PM)
Got two, in process of selling off. You wanna buy? I'll give you special price on my 1120, Rm375K. Should be easy decision for you to say yes as price only goes up!

If you wanna kill yourself from it also can, I invite you to jump. It's 12th floor, so I satisfaction guarantee.  smile.gif
*
Check your old post b4 bluff here
Asali
post Mar 10 2013, 08:39 PM

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What is the best to describes middle group or class, based on net income? Anyone can shed some light?

This post has been edited by Asali: Mar 10 2013, 08:42 PM
SUStat3179
post Mar 10 2013, 09:05 PM

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QUOTE(zuiko407 @ Mar 10 2013, 07:09 PM)
High price only in the major city, you still can find a pretty cheap property in kampung mr tat, most wealthy people are stay in the city, till now u still don't understand and keep compare the price vs average or majority income of whole msian, as long as the demand market still there, means enough buyers in the market, who care your affordability up to 150k or 250k?
Who are they and where are they the wealthy people? The new launch of Rimbayu residence is one example, twin ark Bukit Jalil achieve 90% sales with record price at the area.
*
Mr Zuiko, prices at the kampung remained stagnant because there are no demand for those properties in those areas and not speculated upon, yet.

Also, there the aren't enough wealthy people in Malaysia able to absorb all those new launches too, Mr Zuiko, for the party to go on and the prices to keep going up, up up. Like I said again and again, 90% of households only earn less than 5k.

And for those launches you mentioned I wonder how many of those are actually speculators like you all using the dibs shield and how many actually buy them for stay. And how many will get their fingers burnt once VP comes...

SUStat3179
post Mar 10 2013, 09:06 PM

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QUOTE(sheanhung @ Mar 10 2013, 07:20 PM)
Thanks for your concern. Wish your business as good as never before. I may be not rich now but it is not forever. Continue your way and we have nothing to discuss or saying any further.
*
I wish you all the luck.

Hopefully you can find another water fish to unload the prop before the bubble explodes...
SUStat3179
post Mar 10 2013, 09:11 PM

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QUOTE(torkl @ Mar 10 2013, 07:47 PM)
8 pages and I still can't figure out what 'middle class' has got to do with TS' problem
*
Miiddle class cannot afford props because the price is too high due to speculators and flippers...
SUStat3179
post Mar 10 2013, 09:13 PM

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QUOTE(zuiko407 @ Mar 10 2013, 08:11 PM)
30 year old still suffering for 1st property, omg I'll kill myself if I were u
*
Better than 30 plus over leveraged, owed banks millions and die jump off building.... biggrin.gif
dRwh0
post Mar 10 2013, 09:17 PM

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Aiyoo..same argument..same people..different thread only..
AMINT
post Mar 10 2013, 09:17 PM

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QUOTE(dRwh0 @ Mar 10 2013, 09:17 PM)
Aiyoo..same argument..same people..different thread only..
*
Hahahahah
JXplod
post Mar 10 2013, 09:30 PM

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hi TS just get back to the TS question ya, recently at cheras to kajang area, or balakong area, as this area i'm familiar with , still manage to find property around RM300++ , well not to name a few, but this you have to your own home work.

If you have no commitment at the moment to own a property around 300 - 350k , shouldn't be a problem. Well there are way to secure a loan too.

Never the less don't give up, and keep moving forward ya. ^^ jsut need to bare the working traffic, and hv a good life too.
TStriny
post Mar 10 2013, 09:46 PM

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QUOTE(joeblows @ Mar 10 2013, 12:19 PM)
TS, you can see many desperate speculators try to scare you about "price increase" in the next few years. My favorite, comparing us to Singapore.  laugh.gif

Please don't listen to them, do your own due diligence. Several former property bulls (myself included) have begun disposing of all their property holdings. There was another forummer "balrog" had quite a few props, just announced few days ago he disposed all.

To the speculators, you should act less cocky and arrogant here, probably its people like myself and TS you will be begging to buy your property off when the market turns....maybe if you are nicer we won't squeeze you kaukau when you desperately trying to stave off bankruptcy......nah who am I kidding? I will still squeeeeze.  brows.gif
*
QUOTE(cranx @ Mar 10 2013, 12:41 PM)
This is something new to me, really? 8 to 10 times cheaper than Taiwan?
I guess once the Taiwanese realize this they will come sapu our properties. Better buy more before they come. tongue.gif

For TS, just remember one thing clearly, there is no such thing as don't buy now you can never afford in the future.

The appreciation rate of 20% per year or some 100% within 3 years is unlikely to happen anymore for anyone buying today.
Buy your time, do not follow the herd. The music is almost ending, so please don't be the last sucker in this game of musical chair.
*
not sure if the day will come but still rclxm9.gif to give comfort to myself


QUOTE(EddyLB @ Mar 10 2013, 01:41 PM)
Apparently TS didn't get promotion after 2 years. Else, she wouldn't be complaining the property price  laugh.gif

Good on you that you can afford a property/ies at young age  thumbup.gif
*
QUOTE(blackmamba24 @ Mar 10 2013, 01:42 PM)
And what makes you think that your promotion after 2 years will be enough for you to buy a property? How much increment you can get in 2 years?
*
QUOTE(AMINT @ Mar 10 2013, 01:53 PM)
I think it depends on which company. Some companies promote people very fast if u r really good at what u do. Some companies also keep revising salary to keep up with the market. This type of company is the one u should be targeting.
*
QUOTE(blackmamba24 @ Mar 10 2013, 02:15 PM)
It's easier to say than to be done, it depends on what TS's job is and also his mentality. Looking at what he's complaining after just working for 2 years, it's hard to imagine he doesn't complaint about his job too.
*
You are right, I havent complaint bout my job yet and perhaps may open a thread call : "what is left for the middle class in their career?" hmm.gif sorry to say but increment of 500-1000 may seem enough to fight the inflation on general living cost but not in property market
TStriny
post Mar 10 2013, 09:51 PM

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QUOTE(Sikit2JadiBukit @ Mar 10 2013, 01:18 AM)
affordable doesn't mean lot of foreigners, TS didn't search hard enough. Even < rm300k can get decent condo near pj.
*
QUOTE(Malaysian_driver @ Mar 10 2013, 02:01 PM)
New launch projects in Cyberjaya Hyve and Cybersquare both about RM230-250k.  D'waterfront ampang RM240k.  Kajang new apartment RM230k...  The list goes on.  You want or not?
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QUOTE(JXplod @ Mar 10 2013, 09:30 PM)
hi TS just get back to the TS question ya, recently at cheras to kajang area, or balakong area, as this area i'm familiar with , still manage to find property around RM300++ , well not to name a few, but this you have to your own home work.

If you have no commitment at the moment to own a property around 300 - 350k , shouldn't be a problem. Well there are way to secure a loan too.

Never the less don't give up, and keep moving forward ya. ^^ jsut need to bare the working traffic, and hv a good life too.
*
Thank you for your suggestions notworthy.gif
torkl
post Mar 10 2013, 09:55 PM

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QUOTE(tat3179 @ Mar 10 2013, 09:11 PM)
Miiddle class cannot afford props because the price is too high due to speculators and flippers...
*
fresh graduates and those with <5 years' work experience can considered middle class ke?

I used to imagine working class as those forty-year olds driving camry and be in higher management
ChAOoz
post Mar 10 2013, 09:56 PM

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For TS wise i think you should find some property further out with good development value then continue to work your way up the food chain. With proper selection of development / promotion (assuming your are a corporate person) / marriage you may be able to upgrade to a nearer or preferred location after some time, while your current investment may protect you against inflation and if you have good foresight might also generate good returns.


While for the general argument bubble vs further growth i believe the heydays of high returns are well past their prime as no market can sustained such high return over a period of time, if this general high return were to continue for another 2 years then a bubble will definitely be there.In reality i believe most major town will have price stabilization with good development / good location still enjoying moderate returns (no high returns of 2008-2011), while normal development hitting a plateau with not much price movement and bad development or location actually drop in prices.

The reason i believe there will be no bubble is that i see demographic are moving into urban areas while our workforce are migrating from low income to moderately medium income (eg rubber tapper sons are now working in MNCs in KL, PG, JB etc). Those that are improving their income (promotion, business etc) will be able to upgrade and afford better areas leading to demand that may drive price up over a period of time while those that are stagnant in their career will be stuck repaying a loan they took out 30 years ago and live there essentially forever like most middle / low incomer in area such as SG / HK, but in Malaysia you do have choice to stay further out eg nilai / mainland for better conditions. <-(if most do this en masses a crash might just happen)

in the end its still location location location i guess for the time being, if you have good property do grip it tight still, if bad one just buang imo tongue.gif


PS: these are my two cents please dont take seriously. Just a humble 2" accepting the fact that i have missed the boat of a great property boom but not such a pessimistic / sour grape that i blindly ignore the fundamental supporting the new price.

PPS: no actual fact were used for this, all points are based on gut feel and what little info in my head
TStriny
post Mar 10 2013, 09:56 PM

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QUOTE(GenY @ Mar 10 2013, 01:46 PM)
You sound like an ambitious lady. If you want, I can try to arrange a yum char session for you with a friend of mine who is single and moderately wealthy (yes, he owns property) after general election  tongue.gif
*
i) Not ambitious, just want to live life to its fullest
ii) whilst single is a must criteria in looking for a soul mate, wealthy and owing property are not. a guy who would share same thought and willing to strive together is more than enough, other advantages are just bonuses
iii) why after GE?
torkl
post Mar 10 2013, 09:57 PM

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Flats in Wangsa Maju cost RM80-150k. Close to LRT and Wangsa Walk. No need to chase 1k psf 'bubble' properties.
Otherwise plenty of options in Setapak/WM area.

TStriny
post Mar 10 2013, 10:08 PM

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QUOTE(torkl @ Mar 10 2013, 09:55 PM)
fresh graduates and those with <5 years' work experience can considered middle class ke?

I used to imagine working class as those forty-year olds driving camry and be in higher management
*
You have a point. there are many thread which people are discussing about 'what is this middle class'? Because if "forty-year olds driving camry and be in higher management" are middle class, what are we? Nonetheless, as I said earlier I am using the term of middle class loosely, IMHO, I can imagine fresh grad who earns 3-4k today is either living in the lowest tier of middle class or higher tier of low class, or somewhere in between?) just some thought for discussions without proper fact or research to support)
torkl
post Mar 10 2013, 10:12 PM

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I think if you posed your problem in a different way, e.g. "I am earning XX amount and would like to take the first rung on the property ladder, how can I do so", then you may get more constructive response and avoid the bull vs bear opinions which do not solve your problem apart from making yourself syiok sendiri

bila gajah berlawan pelanduk mati di tengah....

This post has been edited by torkl: Mar 10 2013, 10:14 PM
Bee am
post Mar 10 2013, 10:22 PM

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QUOTE(triny @ Mar 10 2013, 09:56 PM)
i) Not ambitious, just want to live life to its fullest
ii) whilst single is a must criteria in looking for a soul mate, wealthy and owing property are not. a guy who would share same thought and willing to strive together is more than enough, other advantages are just bonuses
iii) why after GE?
*
U know. The way u think jus like my younger brother. Wan to live life to the fullest. Always indulge in self pleasure. Me n my sis always ask him to buy property cos his salary is like 4-5k but he oways say no money. But he got money to modify his car, go for vacation, partying.. Even v ask him to share our dad's birthday dinner he say no money. Mayb bcos our age gap around 7 years so v dunno wat his generation is thinking..

Btw Klang properties still affordable n is nowadays well connected to major hiways..

AMINT
post Mar 10 2013, 10:31 PM

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QUOTE(Bee am @ Mar 10 2013, 10:22 PM)
U know. The way u think jus like my younger brother. Wan to live life to the fullest. Always indulge in self pleasure. Me n my sis always ask him to buy property cos his salary is like 4-5k but he oways say no money. But he got money to modify his car, go for vacation, partying.. Even v ask him to share our dad's birthday dinner he say no money. Mayb bcos our age gap around 7 years so v dunno wat his generation is thinking..

Btw Klang properties still affordable n is nowadays well connected to major hiways..
*
I think if one can make good money via property, can even live life to the fullest. One of taikors here got himself a R35 gtr cash after flipping
TStriny
post Mar 10 2013, 10:38 PM

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QUOTE(Bee am @ Mar 10 2013, 10:22 PM)
U know. The way u think jus like my younger brother. Wan to live life to the fullest. Always indulge in self pleasure. Me n my sis always ask him to buy property cos his salary is like 4-5k but he oways say no money. But he got money to modify his car, go for vacation, partying.. Even v ask him to share our dad's birthday dinner he say no money. Mayb bcos our age gap around 7 years so v dunno wat his generation is thinking..

Btw Klang properties still affordable n is nowadays well connected to major hiways..
*
My live life to the fullest ideology here is absolutely different from your younger bro. to live life to its fullest in the sense of making financial planning, future development and not living to its fullest by spending all of one's money in luxury sweat.gif , is your younger brother 90's?
EddyLB
post Mar 10 2013, 10:44 PM

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QUOTE(joeblows @ Mar 10 2013, 08:14 PM)
But see here's the problem.

Graduate now can buy house not because affordability is better, but because of easy credit.

At your time, BLR is 8%+X but remember, most people only loan 20 years, some even 15 years (like my parents).

Now, graduate can "buy" house, but remember:
a) Praying that affordability don't go down as BLR increase, and
b) Taking for 30, some 35 years loan (so actual amount paid is double paid in % term)
c) House size is different, your time, grad can't afford, maybe, but its a double storrey terrace. Now? They can barely afford, and if afford its a 600-700sqft shoebox at extremely high psft price.
*
You are right. The government policies are the main contributor to where the property market is now - cheap interest rate and long loan tenure --> affordable installment

Take a step back and re-think the scenario we are facing here.

1. Every year tens of thousand of fresh grad graduate and join the work force
2. No. of fresh graduate increases every year
3. Nowadays, fresh grad are thinking of buying property after working for just 2 years
4. There are many Pai Kors in the market. They will not be satisfied with only 1 property

Therefore, the bubble you are expecting it to burst, will not burst with these steady new blood feeding the property market. With the yearly increase in number of fresh grads flowing into the market, they will be competing against each other for properties. So, we can deduce that the property market will be sustainable and there is no bubble at all laugh.gif

I was expecting the market for the next 2 years to be stagnant or slightly down (with bubble bursting a remote possibility). But this thread makes me re-assess the situation. I did not expect graduates nowadays are so ambitious thumbup.gif
dRwh0
post Mar 10 2013, 10:49 PM

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QUOTE(torkl @ Mar 10 2013, 09:55 PM)
fresh graduates and those with <5 years' work experience can considered middle class ke?

I used to imagine working class as those forty-year olds driving camry and be in higher management
*
That's middle age..😜
kochin
post Mar 10 2013, 10:51 PM

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triny cheh,
let me 'guess'.
you are one of those above average if not top of your class material. you hate to lose and you usually gets what you want. you strive to excel and i am quite sure you would.
for your predicament may i suggest the following scenarios and my own thoughts:
1. youngsters buying properties is not a normal practise. you can benchmark age of property owners around the world and my guess is it's way above your current age. so if you wanna go along this path (which i greatly encourage), may i suggest you start small. don't bite off more than you can chew but don't bite less than what you can afford. factor in your potential 'increment' as well in your decision making.
2. if for own stay, i would encourage subsales rather than undercon. unless downpayment is a problem, go for undercon but be strict in your financial management to safe enough to do your unit post completion.
3. landed vs highrise. you mention preference over the former. for a female and security concerns, it's best for you to hunt for highrise for cashflow purposes, maintenance and security purposes. family wise, you might go for landed. and more on my thoughts on this later.
4. increase your income. go for broke. go overseas. take on another job which requires travelling and additional income. globalisation is happening whether you like it or not. and during travel, one can usually safe more by skipping time with your friends (less entertainment costs). hence if you go overseas often, a highrise unit would be easier to manage.

benchmarking yourself. make sure your increment goes up at least 10% per annum within your first 5 years. you should double your salary in your first 5 years of work. make this known to your superiors and ask them what you need to do to achieve it. show them results based on your hard work. prove them that you are able to do it.

vary of bubble? no sweat. for own stay bubble or appreciation does not mean anything. unless you are treating this as an investment vehicle. however most people wants 2-in-1 combo. for own stay + investment.

on another note, for property investment, it's a leverage game. so besides potential appreciation (or depreciation), be mindful of inflation. for me, anything that beats inflation is good enough. anything more is a bonus.

good luck!

twincharger07
post Mar 10 2013, 10:52 PM

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QUOTE(EddyLB @ Mar 10 2013, 01:39 PM)
Let's take a typical graduate with 2+ years experience. Their take home net pay is around RM3k-RM4k ? A mid-price nice apartment in KV is around RM500k ? That is the type of apartment they are eyeing. Those RM200k ones not up to expectation. So with RM450k loan, Installment is around RM2k. How to afford without stretching ?

If now a graduate can buy properties after working for 2+ years, it means that prices of house is affordable compare to my time in the late 80s / early 90s. We don't think of buying own property as our starting salary is RM800/RM900. Furthermore, BLR is 8%. That time where got BLR - 2.5% ? All BLR + x%. So we are talking about 10% interest rate. Somemore, the loan tenure is only 15-20 years. Where got 40 years tenure at that time ?

We kept our heads down and worked hard. We don't complain. We live and adjust to the environment. Nowadays, graduates are expecting a lot more. Which in the end, may not be a bad thing. They are more motivated to work hard to achieve what we failed to achieve in young age  thumbup.gif
*
not hard rules bro... there are still decent highrise around KV.... the issue is not about financial, but the expectation..
Decent places such as Oug Condo and some how rise in Puchong Serdang etc for less than 400k

Yes... learning adaptation is important.. so as now even ppl like us working for many years still learn to adapt ever challenging world day to day..
TStriny
post Mar 10 2013, 11:16 PM

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QUOTE(kochin @ Mar 10 2013, 10:51 PM)
triny cheh,
let me 'guess'.
you are one of those above average if not top of your class material. you hate to lose and you usually gets what you want. you strive to excel and i am quite sure you would.
for your predicament may i suggest the following scenarios and my own thoughts:
1. youngsters buying properties is not a normal practise. you can benchmark age of property owners around the world and my guess is it's way above your current age. so if you wanna go along this path (which i greatly encourage), may i suggest you start small. don't bite off more than you can chew but don't bite less than what you can afford. factor in your potential 'increment' as well in your decision making.
2. if for own stay, i would encourage subsales rather than undercon. unless downpayment is a problem, go for undercon but be strict in your financial management to safe enough to do your unit post completion.
3. landed vs highrise. you mention preference over the former. for a female and security concerns, it's best for you to hunt for highrise for cashflow purposes, maintenance and security purposes. family wise, you might go for landed. and more on my thoughts on this later.
4. increase your income. go for broke. go overseas. take on another job which requires travelling and additional income. globalisation is happening whether you like it or not. and during travel, one can usually safe more by skipping time with your friends (less entertainment costs). hence if you go overseas often, a highrise unit would be easier to manage.

benchmarking yourself. make sure your increment goes up at least 10% per annum within your first 5 years. you should double your salary in your first 5 years of work. make this known to your superiors and ask them what you need to do to achieve it. show them results based on your hard work. prove them that you are able to do it.

vary of bubble? no sweat. for own stay bubble or appreciation does not mean anything. unless you are treating this as an investment vehicle. however most people wants 2-in-1 combo. for own stay + investment.

on another note, for property investment, it's a leverage game. so besides potential appreciation (or depreciation), be mindful of inflation. for me, anything that beats inflation is good enough. anything more is a bonus.

good luck!
*
an indeed good attempt in speculating me rclxms.gif
TStriny
post Mar 10 2013, 11:18 PM

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QUOTE(EddyLB @ Mar 10 2013, 10:44 PM)
You are right. The government policies are the main contributor to where the property market is now - cheap interest rate and long loan tenure --> affordable installment

Take a step back and re-think the scenario we are facing here.

1. Every year tens of thousand of fresh grad graduate and join the work force
2. No. of fresh graduate increases every year
3. Nowadays, fresh grad are thinking of buying property after working for just 2 years
4. There are many Pai Kors in the market. They will not be satisfied with only 1 property

Therefore, the bubble you are expecting it to burst, will not burst with these steady new blood feeding the property market. With the yearly increase in number of fresh grads flowing into the market, they will be competing against each other for properties. So, we can deduce that the property market will be sustainable and there is no bubble at all  laugh.gif 

I was expecting the market for the next 2 years to be stagnant or slightly down (with bubble bursting a remote possibility). But this thread makes me re-assess the situation. I did not expect graduates nowadays are so ambitious  thumbup.gif
*
+1 cool2.gif

but dont use me as a benchmark la, there are also many fresh grad not thinking of buying a property icon_question.gif
hazairi
post Mar 10 2013, 11:19 PM

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agreed. If property price is too high, just don't buy!

If you want cheap property, just go find on the outskirts. Why? too far? Then no need to buy loorr... lol
Bee am
post Mar 10 2013, 11:22 PM

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QUOTE(triny @ Mar 10 2013, 10:38 PM)
My live life to the fullest ideology here is absolutely different from your younger bro. to live life to its fullest in the sense of making financial planning, future development and not living to its fullest by spending all of one's money in luxury sweat.gif , is your younger brother 90's?
*

1988. Is it considered 90s? I think wat u mean is balanced lifestyle based on one's capacity. Proportioning ur income n time between investments, savings, self improvement, friends n family, and pleasure. If my bro knows how to think like tis, me, my sis n dad no need to worry so much. When ur income not much v not so worry but when ur income is substantial n u simply spend without saving, tat is abit worrying..
AMINT
post Mar 10 2013, 11:26 PM

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QUOTE(triny @ Mar 10 2013, 11:18 PM)
+1 cool2.gif

but dont use me as a benchmark la, there are also many fresh grad not thinking of buying a property  icon_question.gif
*
I have a schoolmate, working in a bank. Doesnt have any property,driving proton, not paying ptptn so cannot work overseas. He spends a lot in nightclubs and on girls (spa and current girlfriend). Keeps complaining why property so expensive. Why?!! Why?!! But when i showed cheap properties, he never wants to buy. Many excuses: too far, too cheap looking, too old, not g&g, too small, too ugly, too expensive, too big, too normal looking. Until today he is still struggling to buy. Dont be like him. U will regret. Mind you, he keeps waiting for the market to crash to buy his dream house. I am scared his dream will only remain a dream.
TStriny
post Mar 10 2013, 11:27 PM

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QUOTE(Bee am @ Mar 10 2013, 11:22 PM)
1988. Is it considered 90s? I think wat u mean is balanced lifestyle based on one's capacity. Proportioning ur income n time between investments, savings, self improvement, friends n family, and pleasure. If my bro knows how to think like tis, me, my sis n dad no need to worry so much. When ur income not much v not so worry but when ur income is substantial n u simply spend without saving, tat is abit worrying..
*
thats 80'. Not everybody share the same thought, some people are contend with what they have, some just want to spend as they earn. there's a chinese saying 知足常乐 (one will be happy if he/she is happy with what he/she has) *bad translation doh.gif .
TStriny
post Mar 10 2013, 11:35 PM

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QUOTE(AMINT @ Mar 10 2013, 11:26 PM)
I have a schoolmate, working in a bank. Doesnt have any property,driving proton, not paying ptptn so cannot work overseas. He spends a lot in nightclubs and on girls (spa and current girlfriend). Keeps complaining why property so expensive. Why?!! Why?!! But when i showed cheap properties, he never wants to buy. Many excuses: too far, too cheap looking, too old, not g&g, too small, too ugly, too expensive, too big, too normal looking. Until today he is still struggling to buy. Dont be like him. U will regret. Mind you, he keeps waiting for the market to crash to buy his dream house. I am scared his dream will only remain a dream.
*
blacklisted by ptptn because doesnt want to pay rm100-300 shocking.gif

you have any recommendation for me? 1,000+ sq ft is enuf ( I am not a just full with complaint and unpractical gal)
ManutdGiggs
post Mar 10 2013, 11:39 PM

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QUOTE(triny @ Mar 10 2013, 11:35 PM)
blacklisted by ptptn because doesnt want to pay rm100-300  shocking.gif

you have any recommendation for me? 1,000+ sq ft is enuf ( I am not a just full with complaint and unpractical gal)
*
Budget??? Subsales or newly launched???
far_east00
post Mar 10 2013, 11:42 PM

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QUOTE(triny @ Mar 10 2013, 11:35 PM)
blacklisted by ptptn because doesnt want to pay rm100-300  shocking.gif

you have any recommendation for me? 1,000+ sq ft is enuf ( I am not a just full with complaint and unpractical gal)
*
I am at your age, just grad recently and have monthly salary just like you. Working as an engineer.

Just 2 month ago, I got my keys, and now rent my prop to a company.

It is still possible for someone like us to buy one prop with good ROI and ++ve cashflow.

Search harder la,

Happy looking and happy investing. smile.gif

cheerss thumbup.gif
TStriny
post Mar 10 2013, 11:43 PM

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Whilst there are some supportive posts, I see there are more posts aiming to shoot at 'youngster' 'fresh grad' about stop complaining, wake up, accept the fact and be contend because you are too powerless and cant change anything.

The bulk of voice seems to come from the persons more senior, perhaps those at their late 20' or 30' or 40' here? By the way, just read an news article about the young generation and thought of sharing it, albeit that it is totally unrelated to this thread. Well even if the young generation may have an impact on the GE, they certainly are helpless in the property market oops.gif

[KEPALA BATAS, March 10 – Former prime minister Tun Abdullah Ahmad Badawi describes the 13th general election (GE13) as the “young people’s poll” and that the young generation will determine victory for the Barisan Nasional (BN).

Abdullah said this scenario would indirectly help the BN to win because the tendency for the young voters now was to give their support back to the coalition.

“The increase in the number of young voters now would become the voice of the group in determining victory for the BN in GE13. So, we need their support to ensure victory for the BN to continue to administer the country,” he told reporters after officiating a gathering of the young generation to support BN for the Kepala Batas Parliamentary constituency which was attended by about 3,000 people, here today.

At the function, Abdullah, who represented the Kepala Batas Umno division, handed over a contribution of RM6,500 to the ‘Tabung Lahad Datu Media Prima’.

Meanwhile, Abdullah, who is also the Member of Parliament for Kepala Batas, said he was confident that the young voters in the parliamentary constituency would support the BN in GE13.

The Kepala Batas parliamentary constituency has more than 55,000 registered voters. – Bernama

http://www.themalaysianinsider.com/malaysi...utcome-of-ge13/

This post has been edited by triny: Mar 11 2013, 09:27 AM
AMINT
post Mar 10 2013, 11:43 PM

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QUOTE(triny @ Mar 10 2013, 11:35 PM)
blacklisted by ptptn because doesnt want to pay rm100-300  shocking.gif

you have any recommendation for me? 1,000+ sq ft is enuf ( I am not a just full with complaint and unpractical gal)
*
U know some people really buat bodoh until too late. Now ptptn wants him to pay in full! I think u already guessed what he is hoping for now?! He is hoping for Pakatan Rakyat to waive ptptn loan. U think this is gonna happen? FAT CHANCE. It takes too much money to do that bear in mind if they do that, they need to refund the money of those who paid diligently. Anyway, we will discuss via pm. I can advice u based on my opinion
SUSsakura888
post Mar 11 2013, 12:53 AM

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QUOTE(newx @ Mar 10 2013, 10:40 AM)
This is a good topic and I encourage sincere middle-class house buyers to express their feelings and relate their difficulties with everyone in this forum. All other market participants ranging from bankers, developers, property speculators and real estate agents are only interested with how much money they could make today without thinking social consequences of their actions.

It only get worst when they squarely put blame on sincere middle-class house buyers for not working hard enough, earn big enough money, and so on. They will tell you to work harder and harder else you will be left behind. I don't believe for a second that middle-class citizen do not work hard. They need to work hard especially when they have mouths to feed.

I feel for middle class citizen. And the only way to correct this situation is to speak out against it. The number of those who are responsible for this mess is just minority, albeit vocal minority in this forum. So, hopefully by speaking up, you would let them understand your situation and prompt them to act responsibly.
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you are definitely right on this smile.gif
SUSsakura888
post Mar 11 2013, 12:56 AM

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QUOTE(zuiko407 @ Mar 10 2013, 12:24 PM)
If I'm young and single, I'll consider to stay in a 600sf mixed development's service apartment, with the downstair's shopping mall, f&b, cinema, gym etc, is kind of fun too.
*
not sure why, your answer always give me a feeling you are a very naive and young person....
SUSsakura888
post Mar 11 2013, 01:07 AM

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QUOTE(joeblows @ Mar 10 2013, 01:19 PM)
TS, you can see many desperate speculators try to scare you about "price increase" in the next few years. My favorite, comparing us to Singapore.  laugh.gif

Please don't listen to them, do your own due diligence. Several former property bulls (myself included) have begun disposing of all their property holdings. There was another forummer "balrog" had quite a few props, just announced few days ago he disposed all.

To the speculators, you should act less cocky and arrogant here, probably its people like myself and TS you will be begging to buy your property off when the market turns....maybe if you are nicer we won't squeeze you kaukau when you desperately trying to stave off bankruptcy......nah who am I kidding? I will still squeeeeze.  brows.gif
*
somehow their desperation indeed is becoming VERY OBVIOUS....in fact increasingly obvious isnt it ? this is an indication...
cranx
post Mar 11 2013, 01:09 AM

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cheap big size unit at KL

http://www.iproperty.com.my/propertylistin...ominium_ForSale
SUSsakura888
post Mar 11 2013, 01:10 AM

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QUOTE(zuiko407 @ Mar 10 2013, 02:27 PM)
TS if u listen to this blow guy, your life finish, end up like him keep waiting
*
another example of desperation.... biggrin.gif
SUSsakura888
post Mar 11 2013, 01:14 AM

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QUOTE(AMINT @ Mar 10 2013, 02:50 PM)
+1. Dont wait. Better buy since it is own stay, right? Up or down market, who cares? Investors are the ones that should be worried, not own stayers. If down also, cannot be always down until cannot recover until mati. Just make sure buy the right property, thats all.
*
that is why during those recession times, many committed suicide.....all because of property.
zuiko407
post Mar 11 2013, 01:25 AM

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QUOTE(sakura888 @ Mar 11 2013, 12:56 AM)
not sure why, your answer always give me a feeling you are a very naive and young person....
*
TS can try to search Flora Damansara, reasonable price with good location
twincharger07
post Mar 11 2013, 01:51 AM

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QUOTE(triny @ Mar 10 2013, 11:43 PM)
Whilst there are some supportive posts, I see there are more posts aiming to shot at 'youngster' 'fresh grad' about stop complaining, wake up, accept the fact and be contend because you are too powerless and cant change anything.

The bulk of voice seems to come from the persons more senior, perhaps those at their late 20' or 30' or 40' here? By the way, just read an news article about the young generation and thought of sharing it, albeit that it is  totally unrelated to this thread. Well even if the young generation may have an impact on the GE, they certainly are helpless in the property market oops.gif
it depends on whether you are taking it as "shooting" or honest opinion from "so called Seniors"....
Some do make sense while some are just talking beyond topics....

This is what i think.. "Invest in yourself" first.. everyone been thru the same stage during early adulthood being a noob in property..
However, how successful you are in getting a good deal or maybe you are interested becoming a successful investors, depends how well you know the game is played and how much knowledge you had acquired in this field.. schools and universities dont teach us this.. this is what I call USM (University Social Malaysia)..

It is a reality, and it is real.. I dont see how everything will just turn out overnight to satisfy everyone.. we are not talking about Malaysia but around the World..
A lot of factors contributing to what we are facing now.. The biggest issue is lending policy that makes the rich richer and the rest paying more debts each day, and it is happening everywhere.. Graduates living like lower income group.. Executives and Managers at middle income while CEOs, directors, businessman, multi-millionaire investors are sitting on high income group..

I think you are heading the right direction, having financial planning is a NEED (as I see it) nowadays and you already have that in mind.. friends of mine who have been working for 10 years still clueless about the essential of financial planning..

Dont get talk down by ppl who think you cant do it.. I believe you can when you are better equipped with all the necessary skills especial the knowledge in this field..

"Why so tedious to get a home?" .. as I see it, nothing is simple and no free lunch nowadays..

Things are uncertain nowadays with economy turbulence, political uncertainty.. nothing much to rely on except our ability to survive.. cost of living will just getting higher.. will government take care of us? Yes.. and No...

So for the 80,000 affordable homes, is it enough to satisfy everyone? obviously no.. some will get some wont get .. depends how lucky you are.. out of the 80,000 houses, how many will be built at prime location? very less.. mostly subsurbs, maybe Seremban, Rawang etc area.. maybe giv you also dont want..

Just need some self-reliance..

My main concern is the uncontrolled lending policy and money printing that is happening around the world, and resulting higher inflation rate, further squeezing ordinary ppl like you and me, and the rich get richer..
Can we reduce the lending policy and bond issuing to slow down the inflation? Not so simple as it can cripple the economy, the world can go into economy recession. Thats why US having a few round of QE, increasing debt ceiling to keep the economy.. more money circulating into the market means more money is needed to purchase limited items which also means price of an item cost more... We can tighten the lending policy but still inflation rate is high...

The world is getting shittier and shittier day by day... sound pessimistic.. only the fittest will survive..

talk a lot of BS here.. bottom line is, self reliance + strengthen your financial fitness + acquire more knowledge..

Dont blame the investor/speculator... Blame the policy maker.. if the policy maker dont do anything, just have to take care of ourselves..

cheers,,


SUSsakura888
post Mar 11 2013, 02:04 AM

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QUOTE(zuiko407 @ Mar 11 2013, 02:25 AM)
TS can try to search Flora Damansara, reasonable price with good location
*
oooo you bought FD there is it ? suitable with your kind of status...
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post Mar 11 2013, 09:30 AM

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QUOTE(twincharger07 @ Mar 11 2013, 01:51 AM)
it depends on whether you are taking it as "shooting" or honest opinion from "so called Seniors"....
Some do make sense while some are just talking beyond topics....

This is what i think.. "Invest in yourself" first.. everyone been thru the same stage during early adulthood being a noob in property..
However, how successful you are in getting a good deal or maybe you are interested becoming a successful investors, depends how well you know the game is played and how much knowledge you had acquired in this field.. schools and universities dont teach us this.. this is what I call USM (University Social Malaysia)..

It is a reality, and it is real.. I dont see how everything will just turn out overnight to satisfy everyone.. we are not talking about Malaysia but around the World..
A lot of factors contributing to what we are facing now.. The biggest issue is lending policy that makes the rich richer and the rest paying more debts each day, and it is happening everywhere.. Graduates living like lower income group.. Executives and Managers at middle income while CEOs, directors, businessman, multi-millionaire investors are sitting on high income group..

I think you are heading the right direction, having financial planning is a NEED (as I see it) nowadays and you already have that in mind.. friends of mine who have been working for 10 years still clueless about the essential of financial planning..

Dont get talk down by ppl who think you cant do it.. I believe you can when you are better equipped with all the necessary skills especial the knowledge in this field..

"Why so tedious to get a home?" .. as I see it, nothing is simple and no free lunch nowadays..

Things are uncertain nowadays with economy turbulence, political uncertainty.. nothing much to rely on except our ability to survive.. cost of living will just getting higher.. will government take care of us? Yes.. and No...

So for the 80,000 affordable homes, is it enough to satisfy everyone? obviously no.. some will get some wont get .. depends how lucky you are.. out of the 80,000 houses, how many will be built at prime location? very less.. mostly subsurbs, maybe Seremban, Rawang etc area.. maybe giv you also dont want..

Just need some self-reliance..

My main concern is the uncontrolled lending policy and money printing that is happening around the world, and resulting higher inflation rate, further squeezing ordinary ppl like you and me, and the rich get richer..
Can we reduce the lending policy and bond issuing to slow down the inflation? Not so simple as it can cripple the economy, the world can go into economy recession. Thats why US having a few round of QE, increasing debt ceiling to keep the economy.. more money circulating into the market means more money is needed to purchase limited items which also means price of an item cost more... We can tighten the lending policy but still inflation rate is high...

The world is getting shittier and shittier day by day... sound pessimistic.. only the fittest will survive..

talk a lot of BS here.. bottom line is, self reliance + strengthen your financial fitness + acquire more knowledge..

Dont blame the investor/speculator... Blame the policy maker.. if the policy maker dont do anything, just have to take care of ourselves..

cheers,,
*
Thank you for sharing your thought and open my mind. I do appreciate all positive /negative comment from different perspective on this issue

ChAOoz
post Mar 11 2013, 10:20 AM

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QUOTE(triny @ Mar 10 2013, 10:08 PM)
You have a point. there are many thread which people are discussing about 'what is this middle class'? Because if "forty-year olds driving camry and be in higher management" are middle class, what are we? Nonetheless, as I said earlier I am using the term of middle class loosely, IMHO, I can imagine fresh grad who earns 3-4k today is either living in the lowest tier of middle class or higher tier of low class, or somewhere in between?) just some thought for discussions without proper fact or research to support)
*
I would say comparing Malaysia as a whole taking in consideration of blue collar worker we should be in middle class, but if you compare yourself with the likes of colleagues or people with similar working background, we are the bottom feeder, the low income youngster as per your organization hierarchy. So yes based on your comparison Camrys are middle class, only CXO onwards are truly upper class.
joeblows
post Mar 11 2013, 01:44 PM

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QUOTE(zuiko407 @ Mar 10 2013, 08:29 PM)
Check your old post b4 bluff here
*
Since you love me so much to check all my old posts, nah come, take some time out of my work to here show some appreciation for you zuiko:

user posted image

Ok, lazy to layan you already.
SUStikaram
post Mar 11 2013, 01:49 PM

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Good one boss.

So with this proof.

Zuiko should jump from 12th or what ever floor.


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post Mar 11 2013, 02:00 PM

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QUOTE(tikaram @ Mar 11 2013, 01:49 PM)
Good one boss.

So with this proof.

Zuiko should jump from 12th or what ever floor.
*
Alah, my point is not to lcly here. What's the point to fight? Doesn't earn me RM0.10 in life also. smile.gif

Besides, its just a cheap condo. Selling it soon too.

Reason I post in this thread is just to advice TS my view, that prop prices are unnaturally high, and soon many (not just me) estimate high rise will have oversupply.

Buy for own stay, I support, but only for landed.

For condo, too many variable. Wait 1-2 year whats the difference, TS still young anyways, not like she rushing to marry and have family. Enjoy life first, save some bullets don't be too tied down.

The market will be ripe at some point 12-24 months ahead.

Of course, don't believe anyone simply, do your own due diligence. And never be rush by scare words saying don't buy now prices going to be high later. Its never true.


Steven83
post Mar 11 2013, 02:02 PM

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QUOTE(triny @ Mar 10 2013, 01:01 AM)
Need luck~~
Yes, apparently thats what alot of people said. The dilemma is, with the current financial status, I can only afford a standard apartment/condo. This will utilise my saving and I will be stuck with it for the next 30 years. or should i wait with more saving to afford a more classy living place?
*
Saving, won't helps. My experience tell that well, the price of properties for now will keep on rising and I not sure how many holding power those investor and speculator has. But majority are stopped to be so active compare last 2 years. My suggest is go for pr1ma first and grab the chance for cheap stuff later. You will see, we have a lot of land here compare to HK or Singapore.
Steven83
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QUOTE(AMINT @ Mar 10 2013, 11:26 PM)
I have a schoolmate, working in a bank. Doesnt have any property,driving proton, not paying ptptn so cannot work overseas. He spends a lot in nightclubs and on girls (spa and current girlfriend). Keeps complaining why property so expensive. Why?!! Why?!! But when i showed cheap properties, he never wants to buy. Many excuses: too far, too cheap looking, too old, not g&g, too small, too ugly, too expensive, too big, too normal looking. Until today he is still struggling to buy. Dont be like him. U will regret. Mind you, he keeps waiting for the market to crash to buy his dream house. I am scared his dream will only remain a dream.
*
even the market crush, he also can't afford it. The price will not drop lower than the land price....
Steven83
post Mar 11 2013, 02:06 PM

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QUOTE(AMINT @ Mar 10 2013, 12:31 AM)
I feel u bro. I was like that 6 years ago. Dont worry too much. Just go for it. However, make sure u perform in ur job. If dont get paid much, find a job that does. I started at rm2100 after tax last time. I couldnt imagine that i would be in my position now. My advice is to enter now as it is for own stay. Honestly i dont think nilai is far as i always go there to check my shoplot.
*
Mind share a bit of your biography of your 6 year job life? I was interested biggrin.gif
Steven83
post Mar 11 2013, 02:12 PM

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QUOTE(triny @ Mar 10 2013, 09:56 PM)
i) Not ambitious, just want to live life to its fullest
ii) whilst single is a must criteria in looking for a soul mate, wealthy and owing property are not. a guy who would share same thought and willing to strive together is more than enough, other advantages are just bonuses
iii) why after GE?
*
Soul mate don't exist or rarely exist(there are old lady or old men still hunting for soul mate for years with no result), sincerity, attitude, collaboration and communication do exist. My experience.
Steven83
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QUOTE(cranx @ Mar 11 2013, 01:09 AM)
woah, its cheaper than Penang property for a leasehold biggrin.gif. can consider it!

This post has been edited by Steven83: Mar 11 2013, 02:15 PM
joeblows
post Mar 11 2013, 02:27 PM

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QUOTE(ChAOoz @ Mar 11 2013, 10:20 AM)
I would say comparing Malaysia as a whole taking in consideration of blue collar worker we should be in middle class, but if you compare yourself with the likes of colleagues or people with similar working background, we are the bottom feeder, the low income youngster as per your organization hierarchy. So yes based on your comparison Camrys are middle class, only CXO onwards are truly upper class.
*
She's middle class as well when considering property.

Never forget that at age 25-27 she can still take 35 years loan while those Camry-driving 40 years old can only be granted 20-years or less loan from banks.

Time is a often under-appreciated asset. laugh.gif
Steven83
post Mar 11 2013, 02:32 PM

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QUOTE(joeblows @ Mar 11 2013, 02:27 PM)
She's middle class as well when considering property.

Never forget that at age 25-27 she can still take 35 years loan while those Camry-driving 40 years old can only be granted 20-years or less loan from banks.

Time is a often under-appreciated asset.  laugh.gif
*
Correct rclxms.gif for working class, Time is a often under-appreciated asset. When you have no money, time are nothing. When you have money, time are important.
zuiko407
post Mar 11 2013, 02:39 PM

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QUOTE(joeblows @ Mar 11 2013, 01:44 PM)
Since you love me so much to check all my old posts, nah come, take some time out of my work to here show some appreciation for you zuiko:

user posted image

Ok, lazy to layan you already.
*
Don't know why u show me a small pic looks like an envelope and thumb drive?

SUStikaram
post Mar 11 2013, 02:42 PM

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QUOTE(zuiko407 @ Mar 11 2013, 03:39 PM)
Don't know why u show me a small pic looks like an envelope and thumb drive?
*
it is wlecome pack and some access cards ( 2) Block B.

u never bought any condo?

So, Pls appologies.

This post has been edited by tikaram: Mar 11 2013, 02:42 PM
joeblows
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QUOTE(tikaram @ Mar 11 2013, 02:42 PM)
it is wlecome pack and some access cards ( 2) Block B.

u never bought any condo?

So, Pls appologies.
*
It's ok no need his apologies. I do wonder why a so-called big-time prop owner can't identify the most basic thing needed after VP.... brows.gif
twins9
post Mar 11 2013, 02:45 PM

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QUOTE(triny @ Mar 10 2013, 10:56 AM)
In my thread, I was using the term 'youngster' and 'middle class' loosely. First, the 5 yrs in Uni have taken the 'youth' away, many people only graduated from uni when they are 23-24yrs+ the first 3 years of working, it will take them to 26-27 yrs old -not longer young eh? (again, the issue of whether 26-27 is consider young is also depending on whether you are a male or a female). Whilst many people will come and say it does not matter (thats what I try to convince myself too), I always believe unlike man (which can be compare to a property in long run), the value of a woman depreciates (equates to a car) when they get older.

In the 20' I must work something out so when or before I reach 30' I have no fear even when all my peers are married with kids and able to live comfortably on my own instead of desperately looking for guys and get laid, and that's the least thing I could do to shut the aunties (san gu luk po) mouth about me not having a mate
*
Enjoy your independence and ignore those aunties....till you are in your forties and considered as "fully depreciated"(just like cars)......



SUStikaram
post Mar 11 2013, 02:45 PM

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QUOTE(joeblows @ Mar 11 2013, 03:44 PM)
It's ok no need his apologies. I do wonder why a so-called big-time prop owner can't identify the most basic thing needed after VP....  brows.gif
*
ya lor. Unless he only bought falt. usually no acess card and no welcome pack too. I know bcs my fist one in pandan jaya.

This post has been edited by tikaram: Mar 11 2013, 02:46 PM
SUStikaram
post Mar 11 2013, 02:47 PM

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QUOTE(tikaram @ Mar 11 2013, 03:45 PM)
ya lor. Unless he only bought falt. usually no acess card and no welcome pack too. I know bcs my fist one in pandan jaya.
*
i think must appologies la.

give you some trouble to take photos and email.

This post has been edited by tikaram: Mar 11 2013, 02:47 PM
zuiko407
post Mar 11 2013, 02:58 PM

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QUOTE(joeblows @ Mar 11 2013, 02:44 PM)
It's ok no need his apologies. I do wonder why a so-called big-time prop owner can't identify the most basic thing needed after VP....  brows.gif
*
Come on, everywhere have access card, in office building or owner will pass the access card to the tenant tongue.gif
zuiko407
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QUOTE(tikaram @ Mar 11 2013, 02:45 PM)
ya lor. Unless he only bought falt. usually no acess card and no welcome pack too. I know bcs my fist one in pandan jaya.
*
I'm still thinking how can u sell your 300sf suites room with 280k, undercon and developer still selling their balance units with same price tongue.gif
What's make u decide to buy this??

This post has been edited by zuiko407: Mar 11 2013, 03:00 PM
joeblows
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QUOTE(zuiko407 @ Mar 11 2013, 02:58 PM)
Come on, everywhere have access card, in office building or owner will pass the access card to the tenant tongue.gif
*
And welcome pack also fake?

Ok lah, I already took photo, you choose to believe or not, up to you. Doesn't change my life one bit.

Have a good day. smile.gif
SUStikaram
post Mar 11 2013, 03:29 PM

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QUOTE(zuiko407 @ Mar 11 2013, 04:00 PM)
I'm still thinking how can u sell your 300sf suites room with 280k, undercon and developer still selling their balance units with same price tongue.gif
What's make u decide to buy this??
*
280k? get your fact right first before I answer you.

Also as a politeness to jeoblow. U should appologies la.

It is not very hard just say sorry right?
SUStikaram
post Mar 11 2013, 03:30 PM

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QUOTE(zuiko407 @ Mar 11 2013, 03:58 PM)
Come on, everywhere have access card, in office building or owner will pass the access card to the tenant tongue.gif
*
owner also forward the welcome pack to tenant in your investment dictionary too?
SUStikaram
post Mar 11 2013, 03:31 PM

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QUOTE(joeblows @ Mar 11 2013, 04:00 PM)
And welcome pack also fake?

Ok lah, I already took photo, you choose to believe or not, up to you. Doesn't change my life one bit.

Have a good day. smile.gif
*
can just ignore him la.

he don't even know that was acess card. Until I post to him. Haizzz.....
zuiko407
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QUOTE(joeblows @ Mar 11 2013, 03:00 PM)
And welcome pack also fake?

Ok lah, I already took photo, you choose to believe or not, up to you. Doesn't change my life one bit.

Have a good day. smile.gif
*
U really rock, if I don't believe u and your gf are virgin, would u show your naked pic on bed with her? Just kidding. tongue.gif
zuiko407
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QUOTE(tikaram @ Mar 11 2013, 03:29 PM)
280k? get your fact right first before I answer you.

Also as a politeness to jeoblow. U should appologies la.

It is not very hard just say sorry right?
*
Honestly, I really don't believe u can sell your 300sf single bed suites at this time.
Unless u show me pic of s&p, hahahaha
Come on tikaram, job blow can show, why not u?
SUStikaram
post Mar 11 2013, 03:42 PM

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QUOTE(zuiko407 @ Mar 11 2013, 04:40 PM)
Honestly, I really don't believe u can sell your 300sf single bed suites at this time.
Unless u show me pic of s&p, hahahaha
Come on tikaram, job blow can show, why not u?
*
have u found out 280K?

nice try.

keep trying ok?

die die also not going to appologies?

This post has been edited by tikaram: Mar 11 2013, 03:43 PM
zuiko407
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QUOTE(tikaram @ Mar 11 2013, 03:42 PM)
have u found out 280K?

nice try.

keep trying ok?

die die also not going to appologies?
*
Come on tikaram
Pic pls
SUStikaram
post Mar 11 2013, 03:47 PM

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QUOTE(zuiko407 @ Mar 11 2013, 04:46 PM)
Come on tikaram
Pic pls
*
280k? get your fact right first before I answer you. whistling.gif
TStriny
post Mar 11 2013, 03:52 PM

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QUOTE(ChAOoz @ Mar 11 2013, 10:20 AM)
I would say comparing Malaysia as a whole taking in consideration of blue collar worker we should be in middle class, but if you compare yourself with the likes of colleagues or people with similar working background, we are the bottom feeder, the low income youngster as per your organization hierarchy. So yes based on your comparison Camrys are middle class, only CXO onwards are truly upper class.
*
and those who drive audi, bmw

dRwh0
post Mar 11 2013, 03:55 PM

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QUOTE(triny @ Mar 11 2013, 03:52 PM)
and those who drive audi, bmw
*
Recond audi and bmw are everywhere now..😚
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QUOTE(tikaram @ Mar 11 2013, 03:47 PM)
280k? get your fact right first before I answer you. whistling.gif
*
Ok la
Not to mess up the topic, I should stop here, I'm just kidding tikaram, enjoy your investment.
Joeblows, I'm sorry.
SUStikaram
post Mar 11 2013, 04:00 PM

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QUOTE(zuiko407 @ Mar 11 2013, 04:59 PM)
Ok la
Not to mess up the topic, I should stop here, I'm just kidding tikaram, enjoy your investment.
Joeblows, I'm sorry.
*
i knew u are.
AMINT
post Mar 11 2013, 04:10 PM

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QUOTE(triny @ Mar 11 2013, 03:52 PM)
and those who drive audi, bmw
*
Driving audi, bmw considered upper class?
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post Mar 11 2013, 04:15 PM

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QUOTE(AMINT @ Mar 11 2013, 04:10 PM)
Driving audi, bmw considered upper class?
*
I am just picking up from the general clasification of driving camry=middle class.

Whilst i already have problem defining middle class ,i surely not going to define what is upper class , forgive me haha.

dRwh0
post Mar 11 2013, 04:20 PM

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QUOTE(triny @ Mar 11 2013, 04:15 PM)
I am just picking up from the general clasification of driving camry=middle class.

Whilst i already have problem defining middle class ,i surely not going to define what is upper class , forgive me haha.
*
Hehe..definition of middle class is very subjective..is it based on ur income..education..car u drive or so forth..
Steven83
post Mar 11 2013, 04:20 PM

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QUOTE(triny @ Mar 11 2013, 04:15 PM)
I am just picking up from the general clasification of driving camry=middle class.

Whilst i already have problem defining middle class ,i surely not going to define what is upper class , forgive me haha.
*
if according to the Pr1ma define, middle class should be rate by household income which from RM2,500 to RM7,000.

http://www.nst.com.my/latest/pm-80-000-aff...ritory-1.232105

This post has been edited by Steven83: Mar 11 2013, 04:21 PM
AMINT
post Mar 11 2013, 04:22 PM

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QUOTE(triny @ Mar 11 2013, 04:15 PM)
I am just picking up from the general clasification of driving camry=middle class.

Whilst i already have problem defining middle class ,i surely not going to define what is upper class , forgive me haha.
*
Yup. There are some people i know driving audi or bmw with only 1 small terrace house and nothing else. Emergency savings also so little. Can considered upper class? Very hard yo answer. I am also a bit blur now, who is in middle class. Hahaha
abgkik
post Mar 11 2013, 04:26 PM

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I know a few that working with salary range RM 4000-RM6000 but manage to have more that RM1 million (cash & gold) in their account... so how?? Middle Class or not??? hmm.gif
1ullaby
post Mar 11 2013, 04:30 PM

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I think net 1 million is the new middle class. This time this day ...
1 million can only own a car and a link house nia
dRwh0
post Mar 11 2013, 04:36 PM

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QUOTE(abgkik @ Mar 11 2013, 04:26 PM)
I know a few that working with salary range RM 4000-RM6000 but manage to have more that RM1 million (cash & gold) in their account... so how?? Middle Class or not???  hmm.gif
*
Hmm..4k-6k a mth and saving of 1 mil..must be saving fr kindergarten like kak ros..strike a lottery..good prop investor..or govt servant..😢
Steven83
post Mar 11 2013, 04:36 PM

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QUOTE(1ullaby @ Mar 11 2013, 04:30 PM)
I think net 1 million is the new middle class. This time this day ...
1 million can only own a car and a link house nia
*
what if the house was bought few years ago at a very cheap price? Can be consider middle? I don't think I have 1 million = = ....wait! which mean i'm from lower class!!?? blink.gif

This post has been edited by Steven83: Mar 11 2013, 04:37 PM
macho dog
post Mar 11 2013, 04:40 PM

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There r ppl living in a small DSL but driving a 5 series and got another vellfire for weekend use only.

In this case defined as what class?




This post has been edited by macho dog: Mar 11 2013, 04:42 PM
SUStikaram
post Mar 11 2013, 04:42 PM

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QUOTE(1ullaby @ Mar 11 2013, 05:30 PM)
I think net 1 million is the new middle class. This time this day ...
1 million can only own a car and a link house nia
*
u should not included your own staying house. ( when compute net)... according to economist magazine.

so net how many million is upper class?


cheraspeople
post Mar 11 2013, 04:45 PM

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QUOTE(Steven83 @ Mar 11 2013, 04:36 PM)
what if the house was bought few years ago at a very cheap price? Can be consider middle? I don't think I have 1 million = = ....wait! which mean i'm from lower class!!??  blink.gif
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NVM. Like that i also lower class. And i always tell people that i am poor but people don't want to believe only.
AMINT
post Mar 11 2013, 04:46 PM

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QUOTE(Steven83 @ Mar 11 2013, 02:06 PM)
Mind share a bit of your biography of your 6 year job life? I was interested  biggrin.gif
*
1st -2nd year = junior petroleum engineer

3rd year =senior petroleum engineer

4th year-now = manager of field development plan

Salary market revision = 4 times already

Yearly revision based on performance = 6 times already

Be in oil and gas. You can earn good money.
1ullaby
post Mar 11 2013, 04:46 PM

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QUOTE(Steven83 @ Mar 11 2013, 04:36 PM)
what if the house was bought few years ago at a very cheap price? Can be consider middle? I don't think I have 1 million = = ....wait! which mean i'm from lower class!!??  blink.gif
*
Few yrs back at very cheap price? Smart class dei bro tongue.gif

dRwh0
post Mar 11 2013, 04:48 PM

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No need to contribute in this thread anymore..x layak already..im low class ppl only..dont have 1m..
1ullaby
post Mar 11 2013, 04:50 PM

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QUOTE(tikaram @ Mar 11 2013, 04:42 PM)
u should not included your own staying house. ( when compute net)... according to economist magazine.

so net how many million is upper class?
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Paid up kenot include to net asset? Thats weird.

Upper class I duno. When can have yearly trips to europe or shopping at nyc count as upper class kua. hehe
dRwh0
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QUOTE(AMINT @ Mar 11 2013, 04:46 PM)
1st -2nd year = junior petroleum engineer

3rd year =senior petroleum engineer

4th year-now = manager of field development plan

Salary market revision = 4 times already

Yearly revision based on performance = 6 times already

Be in oil and gas. You can earn good money.
*
Excellent..enjoying non taxable income or max bracket..hehe..
AMINT
post Mar 11 2013, 04:52 PM

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QUOTE(dRwh0 @ Mar 11 2013, 04:50 PM)
Excellent..enjoying non taxable income or max bracket..hehe..
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I am heavily taxed. kesian me. work in brunei, no tax. sad.gif
TStriny
post Mar 11 2013, 04:54 PM

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QUOTE(abgkik @ Mar 11 2013, 04:26 PM)
I know a few that working with salary range RM 4000-RM6000 but manage to have more that RM1 million (cash & gold) in their account... so how?? Middle Class or not???  hmm.gif
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QUOTE(dRwh0 @ Mar 11 2013, 04:36 PM)
Hmm..4k-6k a mth and saving of 1 mil..must be saving fr kindergarten like kak ros..strike a lottery..good prop investor..or govt servant..😢
*

Maybe there is another way to clasify middle class? One with financial background and one without i.e. the typical middle class that earns 3-6k and the not so typical i.e. where their parent leave them w assets properties,businesses or any form of support? But certainly not by saving anagpau money sejak kecil
Steven83
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QUOTE(AMINT @ Mar 11 2013, 04:46 PM)
1st -2nd year = junior petroleum engineer

3rd year =senior petroleum engineer

4th year-now = manager of field development plan

Salary market revision = 4 times already

Yearly revision based on performance = 6 times already

Be in oil and gas. You can earn good money.
*
biggrin.gif woah.....too bad I not in that field, are you still single? as....keep on offshore brows.gif
SUStikaram
post Mar 11 2013, 04:57 PM

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QUOTE(1ullaby @ Mar 11 2013, 05:50 PM)
Paid up kenot include to net asset? Thats weird.

Upper class I duno. When can have yearly trips to europe or shopping at nyc count as upper class kua. hehe
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The Merrill Lynch - Capgemini World’s Wealth Report 2009[3] defines HNWIs as those who hold at least US$1 million in financial assets and ultra-HNWIs as those who hold at least US$30 million in financial assets, with both excluding collectibles, consumables, consumer durables and primary residences
ost1007
post Mar 11 2013, 04:59 PM

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Hi , need your advice here.

My gross is about 4500
and I have car commitment around 730.

Now I get loan around 400k for 39 years tenure and every month payment is around 1730.
Do you think my financial is in healthy stage?

Need financial expertise to advice.

Thanks!.
AMINT
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QUOTE(Steven83 @ Mar 11 2013, 04:57 PM)
biggrin.gif  woah.....too bad I not in that field, are you still single? as....keep on offshore  brows.gif
*
I used to be during my time as a junior and senior petroleum engineer. I was usually offshore to do well testing. But now office based. I like office based. I can go back and do property investments. I can also watch movies, drive cars whenever I want.

And I am not single. tongue.gif I do want more girlfriend though. hahaha
Steven83
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QUOTE(AMINT @ Mar 11 2013, 05:06 PM)
I used to be during my time as a junior and senior petroleum engineer. I was usually offshore to do well testing. But now office based. I like office based. I can go back and do property investments. I can also watch movies, drive cars whenever I want.

And I am not single. tongue.gif I do want more girlfriend though. hahaha
*
aiyo...too bad I was about to recommend "leng lui" to you ....unavailable but available for open relationship ah..?Later report to your gf baru tahu. Yeah, office based was better, safer as well. thumbup.gif
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post Mar 11 2013, 05:09 PM

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QUOTE(ost1007 @ Mar 11 2013, 05:59 PM)
Hi , need your advice here.

My gross is about 4500
and I have car commitment around 730.

Now I get loan around 400k for 39 years tenure and every month payment is around 1730.
Do you think my financial is in healthy stage?

Need financial expertise to advice.

Thanks!.
*
ok

when u get key. pls rent out some room to get some money.
AMINT
post Mar 11 2013, 05:11 PM

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QUOTE(Steven83 @ Mar 11 2013, 05:09 PM)
aiyo...too bad I was about to recommend "leng lui" to you ....unavailable but available for open relationship ah..?Later report to your gf baru tahu. Yeah, office based was better, safer as well. thumbup.gif
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No problem wan. I got 3 other quotas for wife. But I dont want to use 3 other quotas.Headache. Girlfriend can la. tongue.gif yeah, office based a lot better. I have been to a very dangerous place in Africa before. 7 soldiers killed protecting us. Huwaaaa, I can never handle that again.
Steven83
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QUOTE(AMINT @ Mar 11 2013, 05:11 PM)
No problem wan. I got 3 other quotas for wife. But I dont want to use 3 other quotas.Headache. Girlfriend can la. tongue.gif yeah, office based a lot better. I have been to a very dangerous place in Africa before. 7 soldiers killed protecting us. Huwaaaa, I can never handle that again.
*
This is where you salary from biggrin.gif, paid with your life hahahaha
AMINT
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QUOTE(Steven83 @ Mar 11 2013, 05:20 PM)
This is where you salary from biggrin.gif, paid with your life hahahaha
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hahah. it is not worth to die with any amount of salary, bro. i was scared shitless that time. no joke. Prayed everyday so I wont die in Africa
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QUOTE(dRwh0 @ Mar 11 2013, 04:36 PM)
Hmm..4k-6k a mth and saving of 1 mil..must be saving fr kindergarten like kak ros..strike a lottery..good prop investor..or govt servant..😢
*
thru investment... why not... I am sure the last prop boom had made ordinary 9 to 5 workers into millionaires.. nod.gif
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QUOTE(dRwh0 @ Mar 11 2013, 04:48 PM)
No need to contribute in this thread anymore..x layak already..im low class ppl only..dont have 1m..
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If we follow this definition then only the tycoons and their tai tai nd fellows politicians are upper class. We are mice in the street
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QUOTE(1ullaby @ Mar 11 2013, 04:46 PM)
Few yrs back at very cheap price? Smart class dei bro  tongue.gif
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No smart class bro...just coincidence.... I pity the next generation, until now I still haven't change a single mindset that the price was out from fundamental range.
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QUOTE(AMINT @ Mar 11 2013, 05:22 PM)
hahah. it is not worth to die with any amount of salary, bro. i was scared shitless that time. no joke. Prayed everyday so I wont die in Africa
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Understand that bro. Lets forget it and continue with your available 3 quota from now biggrin.gif
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QUOTE(Steven83 @ Mar 11 2013, 07:26 PM)
Understand that bro. Lets forget it and continue with your available 3 quota from now biggrin.gif
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Hahahaah (i like this dude)
BTimes
post Mar 11 2013, 11:46 PM

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QUOTE(sheanhung @ Mar 10 2013, 11:37 AM)
What I can tell you is, our property prices are very cheap now. You don't buy? Let Singaporean, China man, and Taiwanese,  and many tycoons buy it.

Do more study. Our property price is similar to Cambodia. 8 to 10 times cheaper than Taiwan, and 3 to 4 times cheaper than Singapore.

And like many other forumers said, please register yourself at www.slowslowwait.com
*
For landed, Singapore prop price is easily 10x more. Malaysia prop is extremely affordable to Malaysians working in Singapore. Good to buy now bcoz good locations will get a lot more expensive v soon.
BTimes
post Mar 11 2013, 11:49 PM

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QUOTE(triny @ Mar 11 2013, 05:53 PM)
If we follow this definition then only the tycoons and their tai tai nd fellows politicians are upper class. We are mice in the street
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Start small. Buy a small landed at outskirt. B patient. Cash will b eaten up by inflation. Central banks r printing lots of money now.
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QUOTE(BTimes @ Mar 11 2013, 11:49 PM)
Start small. Buy a small landed at outskirt. B patient. Cash will b eaten up by inflation. Central banks r printing lots of money now.
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thumbup.gif
TStriny
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QUOTE(tigana @ Mar 10 2013, 02:43 PM)
I really do sympathise with you. And I do worry about the younger generation including my children. Nobody is forcing anybody to live where they don't like. I would like to own a house in London, or Singapore, or near KLCC. I would like a Ferrari. You can dream about it and work hard towards the dream, initially you need to live somewhere affordable first or drive a cheap 2nd hand car first. Along the way. you might find other things that make you truly happy. Like spending more time with your family, financial freedom, then your dreams maybe adjusted. One of the secrets to success is to dream big, be creative but at the same time try to be truly happy with less. All the best.
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thank you, will slowly walk to achieve that path. life is beautiful just because it is full with challenges thumbup.gif

This post has been edited by triny: Mar 12 2013, 12:05 AM
TStriny
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QUOTE(newx @ Mar 10 2013, 09:40 AM)
This is a good topic and I encourage sincere middle-class house buyers to express their feelings and relate their difficulties with everyone in this forum. All other market participants ranging from bankers, developers, property speculators and real estate agents are only interested with how much money they could make today without thinking social consequences of their actions.

It only get worst when they squarely put blame on sincere middle-class house buyers for not working hard enough, earn big enough money, and so on. They will tell you to work harder and harder else you will be left behind. I don't believe for a second that middle-class citizen do not work hard. They need to work hard especially when they have mouths to feed.

I feel for middle class citizen. And the only way to correct this situation is to speak out against it. The number of those who are responsible for this mess is just minority, albeit vocal minority in this forum. So, hopefully by speaking up, you would let them understand your situation and prompt them to act responsibly.
*
Thank you smile.gif but I guess there isnt many comments from the "middle class" (using it loosely) who shares the same view with me..
lonelytraveller
post Mar 12 2013, 12:28 AM

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i think every fresh graduate/just started working few years people wanting to buy a house is only contributing to a greater demand.

single woman buy 1 condo
single man buy 1 condo
man and woman marry, buy 1 house

sell/rent out condo. this should not be encouraged. every family should have 1 house, not every person. if a single person want to buy a house, that is up to ownself, and no rights to complain.

property ownership should be encouraged per family, not per person. so my question to TS is:

why can't you rent now, save up money and join with your future spouse to purchase your dream house? why do you need to buy it now especially when you know it is expensive to own it with a single income?

» Click to show Spoiler - click again to hide... «

AppreciativeMan
post Mar 12 2013, 01:02 AM

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QUOTE(triny @ Mar 12 2013, 12:00 AM)
thank you, will slowly walk to achieve that path. life is beautiful just because it is full with challenges thumbup.gif
*
It's been so long I didn't hear ppl saying tat... The last time I heard is already 2yr+ ago already.... Great to see more of such positive mentality ppl....., rclxms.gif rclxms.gif rclxms.gif take away the 'jus' would nice.... tongue.gif
If u hav decided to venture into prop investment, then mix around more with ppl who has experience and successful in prop investment..... Good luck

This post has been edited by AppreciativeMan: Mar 12 2013, 01:04 AM
Bee am
post Mar 12 2013, 07:34 AM

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QUOTE(triny @ Mar 12 2013, 12:05 AM)
Thank you smile.gif  but I guess there isnt many comments from the  "middle class" (using it loosely) who shares the same view with me..
*
Buying a property is not easy. A lot of valuation n research needs to b done before u buy one. U now buy 1 already headache rite? Imagine those who buy 3 properties, their headache is multiply by 3! So try to c tis situation from a different view instead asking others to share ur view..
TStriny
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QUOTE(lonelytraveller @ Mar 12 2013, 12:28 AM)
i think every fresh graduate/just started working few years people wanting to buy a house is only contributing to a greater demand.

single woman buy 1 condo
single man buy 1 condo
man and woman marry, buy 1 house

sell/rent out condo. this should not be encouraged. every family should have 1 house, not every person. if a single person want to buy a house, that is up to ownself, and no rights to complain.

property ownership should be encouraged per family, not per person. so my question to TS is:

why can't you rent now, save up money and join with your future spouse to purchase your dream house? why do you need to buy it now especially when you know it is expensive to own it with a single income?

» Click to show Spoiler - click again to hide... «

*

thats goes to another social issue i.e.single woman remains single and singleman remains single so each of them have to get a house for theirselves eventually. At the age of,26 -
27, single i guess is the good time to secure myself by getting one prop, or isnt it ? Another point is there r also a range of salary received by fresh grad.some fresh grad have good pay some doesnt so certainly those who do will think about it.i have many friends who do not wish to get any also

VENETIAN
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QUOTE(Bee am @ Mar 12 2013, 07:34 AM)
Buying a property is not easy. A lot of valuation n research needs to b done before u buy one. U now buy 1 already headache rite? Imagine those who buy 3 properties, their headache is multiply by 3! So try to c tis situation from a different view instead asking others to share ur view..
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so true nod.gif
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QUOTE(VENETIAN @ Mar 12 2013, 10:21 AM)
so true  nod.gif
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Also forgot to mention many years of 'financial conservation' in between each purchase..
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QUOTE(triny @ Mar 12 2013, 08:58 AM)
thats goes to another social issue i.e.single woman remains single and singleman remains single so each of them have to get a house for theirselves eventually. At the age of,26 -
27, single i guess is the good time to secure myself  by getting one prop, or isnt it ? Another point is there r also a range of salary received by fresh grad.some fresh grad have good pay some doesnt so certainly those who do will think about it.i have many friends who do not wish to get any also
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Please rent, rent, rent -- else nobody wants my unit!
white.lion.clan
post Mar 12 2013, 11:17 PM

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QUOTE(lonelytraveller @ Mar 12 2013, 01:28 AM)
i think every fresh graduate/just started working few years people wanting to buy a house is only contributing to a greater demand.

single woman buy 1 condo
single man buy 1 condo
man and woman marry, buy 1 house

sell/rent out condo. this should not be encouraged. every family should have 1 house, not every person. if a single person want to buy a house, that is up to ownself, and no rights to complain.

property ownership should be encouraged per family, not per person. so my question to TS is:

why can't you rent now, save up money and join with your future spouse to purchase your dream house? why do you need to buy it now especially when you know it is expensive to own it with a single income?

» Click to show Spoiler - click again to hide... «

*
Good idea, but what will happen to the house if the couple get separated/divorced ?

the only way to settle it is to sell and split the $
which make both homeless again ...

it is better to have a property per person + a combined family property ...
i might be wrong but thats my opinion sweat.gif
lonelytraveller
post Mar 12 2013, 11:33 PM

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the problem here is that single people wants to own properties that are meant for families. if individual ownership is discouraged, this will reduce demand.
if single people buy those studio, that's fine. but now single people wants to buy normal family size properties without having a combined family income.

number of separated/divorced is much less compared to single people owning home. selling property will result in cash for both parties, more than enough to rent anywhere until they decide to move on with someone else. and yes, i think govt should help this group as it is the minority. maybe govt should set single people get 70% loan, married people get 90% biggrin.gif

yes, it is better to have property per person and with family, but now the problem is single people that cannot own property that are meant for family complains. i mean, a single person just needs a studio. if buying a 3 bedroom apartment, consider joint income. most countries that do encourage home ownership does it per couple basis too, not individual basis.

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Bee am
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QUOTE(AMINT @ Mar 10 2013, 12:31 AM)
I feel u bro. I was like that 6 years ago. Dont worry too much. Just go for it. However, make sure u perform in ur job. If dont get paid much, find a job that does. I started at rm2100 after tax last time. I couldnt imagine that i would be in my position now. My advice is to enter now as it is for own stay. Honestly i dont think nilai is far as i always go there to check my shoplot.
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Amint Kor, wat do u think of bandar baru nilai bayu residence selling for rm220k, 1136sqf? Understand got some leftover loan reject units. I mean m asking since u have a shop there n u oways travel there..
AMINT
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QUOTE(Bee am @ Mar 13 2013, 09:02 AM)
Amint Kor, wat do u think of bandar baru nilai bayu residence selling for rm220k, 1136sqf? Understand got some leftover loan reject units. I mean m asking since u have a shop there n u oways travel there..
*
I think it is not bad, g&g, near amenities like tesco, giant and most importantly near Inti International uni. Cheaper than starz valley too. smile.gif
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QUOTE(lonelytraveller @ Mar 12 2013, 11:33 PM)
the problem here is that single people wants to own properties that are meant for families. if individual ownership is discouraged, this will reduce demand.
if single people buy those studio, that's fine. but now single people wants to buy normal family size properties without having a combined family income.

number of separated/divorced is much less compared to single people owning home. selling property will result in cash for both parties, more than enough to rent anywhere until they decide to move on with someone else. and yes, i think govt should help this group as it is the minority. maybe govt should set single people get 70% loan, married people get 90% biggrin.gif

yes, it is better to have property per person and with family, but now the problem is single people that cannot own property that are meant for family complains. i mean, a single person just needs a studio. if buying a 3 bedroom apartment, consider joint income. most countries that do encourage home ownership does it per couple basis too, not individual basis.

» Click to show Spoiler - click again to hide... «

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Are you a communist?
TStriny
post Mar 13 2013, 12:11 PM

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QUOTE(lonelytraveller @ Mar 12 2013, 11:33 PM)
the problem here is that single people wants to own properties that are meant for families. if individual ownership is discouraged, this will reduce demand.
if single people buy those studio, that's fine. but now single people wants to buy normal family size properties without having a combined family income.

number of separated/divorced is much less compared to single people owning home. selling property will result in cash for both parties, more than enough to rent anywhere until they decide to move on with someone else. and yes, i think govt should help this group as it is the minority. maybe govt should set single people get 70% loan, married people get 90% biggrin.gif

yes, it is better to have property per person and with family, but now the problem is single people that cannot own property that are meant for family complains. i mean, a single person just needs a studio. if buying a 3 bedroom apartment, consider joint income. most countries that do encourage home ownership does it per couple basis too, not individual basis.

» Click to show Spoiler - click again to hide... «

*
that is a very creative thought on how to assist persons in different categories who have need (though I beg to defer)
whilst one may discourage single person to purchase 'property which is meant for family' (which I disagree), single person should not be prejudiced in this sense. Yes, I do admit the problem where it is more difficult for a single person to purchase a prop with single income, but that should not restrict any persons (single,family,divorcee) from obtaining property at its choice.

Is the problem on the status of the persons (single, married etc) or the financial status?

A family of 3 in the upper class live in a bungalow in bangsar; a family of 8 in the lower class live in a low cost flat. Perhaps then the segregation should be persons which high income obtain 50% loan with high interest rate whilst persons with low income could receive lower interest rate and lower purchase price to assist those in need in purchasing a prop?

We already have this policy i.e where those in need have extra discount in purchasing prop. However, this policy has 1 more level of segregation to exclude a category of persons who may also in need of assistance but not qualified for [?] reason(s).

And those that are not so in need are also categorized in that category in which they have more financial power to play against those REALLY and IN FACT in need in the same category. (not a complaint but some thoughts on the social issue)

lonelytraveller
post Mar 13 2013, 01:11 PM

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QUOTE(hiroaki27 @ Mar 13 2013, 11:32 AM)
Are you a communist?
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In a capitalist economy, everybody fend for themselves.
If you have the money, you can buy it. If you don't, you can't as property is a free market based on supply and demand. Now the situation is we want the benefits of a capitalist economy without the disadvantage that comes with it.

I'm suggesting a way that can reduce demand, while everybody get to have a decent place to stay as a family. Govt tried to cool the prices down implementing 70% LTV on 3rd property, thus still giving chance for people to upgrade and own 2 properties.

While I feel this is helpful to a certain extent, the demand still needs to be reduced further. Encouraging home ownership on family basis instead of individual ownership can result in people owning lest houses, but family still will have a decent and affordable place to stay.
lonelytraveller
post Mar 13 2013, 01:35 PM

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QUOTE(triny @ Mar 13 2013, 12:11 PM)
that is a very creative thought on how to assist persons in different categories who have need (though I beg to defer)
whilst one may discourage single person to purchase 'property which is meant for family' (which I disagree), single person should not be prejudiced in this sense. Yes, I do admit the problem where it is more difficult for a single person to purchase a prop with single income, but that should not restrict any persons (single,family,divorcee) from obtaining property at its choice.

Is the problem on the status of the persons (single, married etc) or the financial status?

A family of 3 in the upper class live in a bungalow in bangsar; a family of 8 in the lower class live in a low cost flat. Perhaps then the segregation should be persons which high income obtain 50% loan with high interest rate whilst persons with low income could receive lower interest rate and lower purchase price to assist those in need in purchasing a prop?

We already have this policy i.e where those in need have extra discount in purchasing prop. However, this policy has 1 more level of segregation to exclude a category of persons who may also in need of assistance but not qualified for [?] reason(s).

And those that are not so in need are also categorized in that category in which they have more financial power to play against those REALLY and IN FACT in need in the same category. (not a complaint but some thoughts on the social issue)
*
the problem is that financial status also depends on the status of the person. A married couple using combined income can afford a more expensive and comfortable home. If you think about it, people get married after their mid 20s to their 30s. Now we have fresh graduates and people working for <3 years looking for a place, and then complain when cannot afford one.

Penalizing high income people never works well. A low income family with a bigger loan has bigger chance of failing to pay the loan back. And guess what happen if we limit rich person loan to 50% ? Instead of buying a 1 mil house, they will buy a cheaper house instead! This provides more competition to the lower end market segment. This rich person will then rent it to the poor family of 8 and the poor will feed the rich even more.

Not sure which policy your are referring to exactly. I am in favor to help people own homes, just not as individual. No objections against individual owning homes, simply just buy within your means. If that doesn't work, consider having joint income for a more decent home.

Speculators are the main contributor to the high house prices, but remember.. they only exists because there is still a demand. If demand is reduced, speculation will reduced as it is no longer profitable and house prices will soften. To reduce the demand, people just have to simply buy less and only buy what they need.
kochin
post Mar 13 2013, 01:58 PM

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reminds me of a story:
http://www.thecommentator.com/article/646/...room_experiment

» Click to show Spoiler - click again to hide... «


This post has been edited by kochin: Mar 13 2013, 02:01 PM
hiroaki27
post Mar 13 2013, 02:28 PM

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QUOTE(lonelytraveller @ Mar 13 2013, 01:35 PM)


Not sure which policy your are referring to exactly. I am in favor to help people own homes, just not as individual. No objections against individual owning homes, simply just buy within your means. If that doesn't work, consider having joint income for a more decent home.


*
Are you Malaysian?

I guess TS is trying not to politicize the thread, therefore she is referring in a subtle way that only Malaysians understand what she means.
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post Mar 13 2013, 02:30 PM

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QUOTE(lonelytraveller @ Mar 13 2013, 01:11 PM)
In a capitalist economy, everybody fend for themselves.
If you have the money, you can buy it. If you don't, you can't as property is a free market based on supply and demand. Now the situation is we want the benefits of a capitalist economy without the disadvantage that comes with it.

I'm suggesting a way that can reduce demand, while everybody get to have a decent place to stay as a family. Govt tried to cool the prices down implementing 70% LTV on 3rd property, thus still giving chance for people to upgrade and own 2 properties.

While I feel this is helpful to a certain extent, the demand still needs to be reduced further. Encouraging home ownership on family basis instead of individual ownership can result in people owning lest houses, but family still will have a decent and affordable place to stay.
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The more regulation pose to the property market, the less free it is.

And there is no such thing as getting the benefit of a capitalist economy without the disadvantage that comes with it.

Come back to the real world please.
lonelytraveller
post Mar 13 2013, 02:43 PM

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Good example on the story. Yes, I agree that does not work. If reversed that story to a capitalist economy, some students will get A, B, C, D and F.

Now, what should the professor do if a student that gets a D wants to get a B? Work harder.

What if the standard to get an A becomes even higher and more difficult to achieve? Work harder.

Or do we all agree to lower the standard so all the D students can get B instead?

» Click to show Spoiler - click again to hide... «

kochin
post Mar 13 2013, 02:56 PM

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QUOTE(lonelytraveller @ Mar 13 2013, 02:43 PM)
Good example on the story. Yes, I agree that does not work. If reversed that story to a capitalist economy, some students will get A, B, C, D and F.

Now, what should the professor do if a student that gets a D wants to get a B? Work harder.

What if the standard to get an A becomes even higher and more difficult to achieve? Work harder.

Or do we all agree to lower the standard so all the D students can get B instead?

» Click to show Spoiler - click again to hide... «

*
that's why i believe in different pricing mechanism for properties.
if everything is similarly priced, where's the incentive to work harder to hit your dreams.
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post Mar 13 2013, 02:58 PM

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QUOTE(lonelytraveller @ Mar 13 2013, 02:43 PM)
Good example on the story. Yes, I agree that does not work. If reversed that story to a capitalist economy, some students will get A, B, C, D and F.

Now, what should the professor do if a student that gets a D wants to get a B? Work harder.

What if the standard to get an A becomes even higher and more difficult to achieve? Work harder.

Or do we all agree to lower the standard so all the D students can get B instead?

» Click to show Spoiler - click again to hide... «

*
When I was still in school, the exam questions were designed in such a way that, most questions were easy while a small number of questions were tricky.

To get A grade, the students had to answer the trick questions well. Only a small number of students get that.


But as long as students put in effort to study, it was very easy to pass.


If any student still failed albeit putting effort in studies, the teacher tried to find out why by checking on individual "weak" students. And one of the advice given to these students was, "don't spend too much time on the trick questions, they are not for you. Focus on what you can do." Even though the "weak" students complained, the trick questions were always still there for the A students. The most the teacher could do was to make the easy questions even easier.

On this ground I do agree with you that, one should buy what one could afford. Not complaining non-affordability of expensive houses or finding shortcut (cheating etc) to bend around the rules and take advantage over others.
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post Mar 13 2013, 03:03 PM

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i remember one of my lecturers.
from day one, he told us his gradings are not points based but graph based.
for instance, he already allowed top 5 percentile gets A+, subsequent 10 percentile gets A and so on and so forth until say bottom 20 percentile would flunk.
so it doesn't really matter what is your score. you might get 95 points out of 100, but if you are not in top 5 percentile in your class, you still won't get A+.
same goes for those who scored 70 points. if they are still in bottom 20 percentile, he still flunk them.
now that is truly a subject i paid attention. kekeke.
hiroaki27
post Mar 13 2013, 03:32 PM

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QUOTE(kochin @ Mar 13 2013, 03:03 PM)
i remember one of my lecturers.
from day one, he told us his gradings are not points based but graph based.
for instance, he already allowed top 5 percentile gets A+, subsequent 10 percentile gets A and so on and so forth until say bottom 20 percentile would flunk.
so it doesn't really matter what is your score. you might get 95 points out of 100, but if you are not in top 5 percentile in your class, you still won't get A+.
same goes for those who scored 70 points. if they are still in bottom 20 percentile, he still flunk them.
now that is truly a subject i paid attention. kekeke.
*
So your lecturer prepared you guys for the real world with rat race approach.

My teachers were focusing on whether we truly grasp the subject make us less stressful by assuring our pass grade as long as we put in effort.

Two different approaches, can't say which one is better.

It depends on whether one prefers rat race or a more socialist approach.


hiroaki27
post Mar 13 2013, 04:04 PM

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To mitigate property speculation, it should not be the case that a particular group is punished, like making the rich to pay more or making the single to have lower ltv. Being rich or single or any other social label has no direct evidence to say that the person is a speculator.

Instead, there should be a limit on the number of housing loans of each buyer, say, only up to three concurrent loans for residential properties at any time.

Can also impose an additional rules that if one would make a new purchase with 100% cash, he/she should not have outstanding housing loan of other properties.

Bankers would not like this cos they depends on loans to make money but if government is seriously helping to curb speculation, this could be a way. Anyway the banks are not really creating values to society, just prodicing tons and tons of paperwork claimed as their hard work but actually they are only transferring values.
VENETIAN
post Mar 13 2013, 05:23 PM

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QUOTE(white.lion.clan @ Mar 12 2013, 11:17 PM)
Good idea, but what will happen to the house if the couple get separated/divorced ?

the only way to settle it is to sell and split the $
which make both homeless again ...

it is better to have a property per person + a combined family property ...
i might be wrong but thats my opinion  sweat.gif
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Good idea...i like the idea of a combined family property and the rest individual names...smile.gif
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post Mar 13 2013, 06:42 PM

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QUOTE(hiroaki27 @ Mar 13 2013, 02:28 PM)
Are you Malaysian?

I guess TS is trying not to politicize the thread, therefore she is referring in a subtle way that only Malaysians understand what she means.
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Thank you very much for seeing through the rationale behind it icon_rolleyes.gif
AMINT
post Mar 13 2013, 06:47 PM

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QUOTE(triny @ Mar 13 2013, 06:42 PM)
Thank you very much for seeing through the rationale behind it icon_rolleyes.gif
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triny, how are the 2 places i recommended? Ok so far?
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post Mar 13 2013, 06:50 PM

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QUOTE(AMINT @ Mar 13 2013, 06:47 PM)
triny, how are the 2 places i recommended? Ok so far?
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have not physically been there yet
TStriny
post Mar 13 2013, 07:09 PM

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QUOTE(lonelytraveller @ Mar 13 2013, 01:11 PM)
In a capitalist economy, everybody fend for themselves.
If you have the money, you can buy it. If you don't, you can't as property is a free market based on supply and demand. Now the situation is we want the benefits of a capitalist economy without the disadvantage that comes with it.

I'm suggesting a way that can reduce demand, while everybody get to have a decent place to stay as a family. Govt tried to cool the prices down implementing 70% LTV on 3rd property, thus still giving chance for people to upgrade and own 2 properties.

While I feel this is helpful to a certain extent, the demand still needs to be reduced further. Encouraging home ownership on family basis instead of individual ownership can result in people owning lest houses, but family still will have a decent and affordable place to stay.
*
let me try and understand your idea for discussion purpose, do you agree if I do not have the opportunity to form a family i.e. getting married and have kids,you are placing me in a less priority list to obtain a property i.e. in line with your idea that single should be placed in a less priority than family in terms of obtaining a property.

If yes, aww, thats hurt. There's a chinese saying : "who would want to be a monk if he has hair" (bad translation). Whilst this is more a social/relationship issue, I believe somehow it correlate with the real estate market as earlier some poster pointed out: every single person wants to get 1 house, demand >, of course the price >

But again, I may be looking at this from my subjective perspective but I am thinking just because I am single, I do have needs and my considerations of wanting a house i.e. to secure myself when I become older etc notworthy.gif
lonelytraveller
post Mar 13 2013, 07:19 PM

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QUOTE(triny @ Mar 13 2013, 07:09 PM)
I do have needs and my considerations of wanting a house i.e. to secure myself when I become older etc notworthy.gif
*
While I agree on that, but are you looking for studio/small apartments or 3 bedroom apartments now? If you are looking for 3 bedrooms why do you need it now? Would it be better to get something small and cheap first and later upgrade when your family AND income grows?
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post Mar 13 2013, 08:09 PM

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QUOTE(lonelytraveller @ Mar 13 2013, 07:19 PM)
While I agree on that, but are you looking for studio/small apartments or 3 bedroom apartments now? If you are looking for 3 bedrooms why do you need it now? Would it be better to get something small and cheap first and later upgrade when your family AND income grows?
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Or just marry a taikor with many props. No need to worry about buying. Kekekeeke
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post Mar 13 2013, 08:15 PM

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QUOTE(triny @ Mar 13 2013, 07:09 PM)
let me try and understand your idea for discussion purpose, do you agree if I do not have the opportunity to form a family i.e. getting married and have kids,you are placing me in a less priority list to obtain a property i.e. in line with your idea that single should be placed in a less priority than family in terms of obtaining a property.

If yes, aww, thats hurt. There's a chinese saying : "who would want to be a monk if he has hair" (bad translation). Whilst this is more a social/relationship issue, I believe somehow it correlate with the real estate market as earlier some poster pointed out: every single person wants to get 1 house, demand >, of course the price >

But again, I may be looking at this from my subjective perspective but I am thinking just because I am single, I do have needs and my considerations of wanting a house i.e. to secure myself when I become older etc notworthy.gif
*
Don't worry, what lonelytraveler suggest is very very far fetch. It will not happen in malaysia

But it is entertaining to read these comments. It is always good to exercise our brain laugh.gif
EddyLB
post Mar 13 2013, 08:21 PM

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QUOTE(lonelytraveller @ Mar 13 2013, 07:19 PM)
While I agree on that, but are you looking for studio/small apartments or 3 bedroom apartments now? If you are looking for 3 bedrooms why do you need it now? Would it be better to get something small and cheap first and later upgrade when your family AND income grows?
*
It is those peer pressure. If 1 day a few "sam ku lok poh" tell your mom "Wah ! you know or not.....so and so's son 28 y/o only, so "panlai", he bought a DSL in Desa Park City for RM1.8m ! When you son going to buy one for you ?" Then when your mother tells you this story, you will be under pressure. You will feel that if you can afford only a studio, then better don't buy....
hiroaki27
post Mar 13 2013, 08:24 PM

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speaking from experience, buying my first property DID give me some sense of security.

And I somewhat agree with lonelytraveler that one should first get something more affordable. The disagreement is, if TS could afford (no sweat) a 3 bedroom, why not? Unless she is streching her own limit.
lonelytraveller
post Mar 13 2013, 11:55 PM

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QUOTE(EddyLB @ Mar 13 2013, 08:15 PM)
Don't worry, what lonelytraveler suggest is very very far fetch. It will not happen in malaysia

But it is entertaining to read these comments. It is always good to exercise our brain  laugh.gif
*
Eligibility for single citizen to buy a HDB flat in Singapore is minimum 35 years old
For married or soon to be married couple it is minimum 21 years old

source: http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/...uy?OpenDocument

Yes, I am sure it will never happen in Malaysia because our house prices still have long way more to go up before everyone starts staying in PR1MA.
Currently local Malaysians can still afford to buy houses from private developers/owners.
TStriny
post Mar 14 2013, 12:21 AM

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QUOTE(EddyLB @ Mar 13 2013, 08:21 PM)
It is those peer pressure. If 1 day a few "sam ku lok poh" tell your mom "Wah ! you know or not.....so and so's son 28 y/o only, so "panlai", he bought a DSL in Desa Park City for RM1.8m ! When you son going to buy one for you ?" Then when your mother tells you this story, you will be under pressure. You will feel that if you can afford only a studio, then better don't buy....
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+1 agree!!!
TStriny
post Mar 14 2013, 12:24 AM

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QUOTE(hiroaki27 @ Mar 13 2013, 08:24 PM)
speaking from experience, buying my first property DID give me some sense of security.

And I somewhat agree with lonelytraveler that one should first get something more affordable. The disagreement is, if TS could afford (no sweat) a 3 bedroom, why not? Unless she is streching her own limit.
*
wouldnt be stretching but no doubt will be tied down blush.gif and after that cannot simply use money travel here and there
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post Mar 14 2013, 12:26 AM

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QUOTE(AMINT @ Mar 13 2013, 08:09 PM)
Or just marry a taikor with many props. No need to worry about buying. Kekekeeke
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what a brilliant idea but no bachelor taikor around, instead single ladies are everywhere icon_question.gif
TStriny
post Mar 14 2013, 12:29 AM

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QUOTE(lonelytraveller @ Mar 13 2013, 07:19 PM)
While I agree on that, but are you looking for studio/small apartments or 3 bedroom apartments now? If you are looking for 3 bedrooms why do you need it now? Would it be better to get something small and cheap first and later upgrade when your family AND income grows?
*
sense of loneliness, studio makes me feel more lonely wub.gif
AMINT
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QUOTE(triny @ Mar 14 2013, 12:26 AM)
what a brilliant idea but no bachelor taikor around, instead single ladies are everywhere icon_question.gif
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I know one taikor. single, young and have many props but will get married very soon. Too bad.hahaha. Well, you can always go 2nd quota. tongue.gif
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QUOTE(triny @ Mar 14 2013, 12:29 AM)
sense of loneliness, studio makes me feel more lonely wub.gif
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It shld be vice versa ya.... Staying alone in a bigger space will make u feel more lonely, while staying alone in a more compact space shld make u feel secure....
TStriny
post Mar 14 2013, 12:46 AM

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QUOTE(AMINT @ Mar 14 2013, 12:34 AM)
I know one taikor. single, young and have many props but will get married very soon. Too bad.hahaha. Well, you can always go 2nd quota. tongue.gif
*
I have long accepted that the goods one are or will soon be all taken~ 2nd quota rugi banyak lor, cant have kids, cant have proper matrimonial life, and stll bear the risk of getting slaps from time to time, have many properties also no use arr rclxub.gif rclxub.gif

Better rely on myself
AMINT
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QUOTE(AppreciativeMan @ Mar 14 2013, 12:41 AM)
It shld be vice versa ya.... Staying alone in a bigger space will make u feel more lonely, while staying alone in a more compact space shld make u feel secure....
*
+1 yeah.. staying alone in a landed, double storey above 2000 sqft would already make one feels lonely. If I am single and very very young, I would stay in 1 bedroom apartment with a shopping mall and cinema downstairs. or at least just in front of my apartment. very nice. smile.gif

This post has been edited by AMINT: Mar 14 2013, 12:49 AM
AMINT
post Mar 14 2013, 12:51 AM

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QUOTE(triny @ Mar 14 2013, 12:46 AM)
I have long accepted that the goods one are or will soon be all taken~ 2nd quota rugi banyak lor, cant have kids, cant have proper matrimonial life, and stll bear the risk of getting slaps from time to time, have many properties also no use arr rclxub.gif  rclxub.gif

Better rely on myself
*
2nd quota can also be 2nd wife. can have kids, can have proper matrimonial life and not always getting slaps from time to time. Thats my religion la if one have more than one wife. Not that I am interested though. I want gf only now.hhaaha,. ok off topic already.
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post Mar 14 2013, 12:52 AM

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QUOTE(AMINT @ Mar 14 2013, 12:51 AM)
2nd quota can also be 2nd wife. can have kids, can have proper matrimonial life and not always getting slaps from time to time. Thats my religion la if one have more than one wife. Not that I am interested though. I want gf only now.hhaaha,. ok off topic already.
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Good try bro..😜
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QUOTE(dRwh0 @ Mar 14 2013, 12:52 AM)
Good try bro..😜
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Hahaha. tongue.gif
TStriny
post Mar 14 2013, 12:57 AM

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QUOTE(dRwh0 @ Mar 14 2013, 12:52 AM)
Good try bro..😜
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good try but polygamy doesnt work in m'sia, no legal status (unless you are a muslim), ok yeah, better off topic, not related to props

hiroaki27
post Mar 14 2013, 01:16 AM

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QUOTE(triny @ Mar 14 2013, 12:29 AM)
sense of loneliness, studio makes me feel more lonely wub.gif
*
If TS could afford 3bedroom easily, can consider rent out one or two rooms, and thus have extra pocket money for travelling etc...

of course there are downsides too... guess TS already considered about that....

then may not be too lonely in a big apt... although my stand is always maintain some distance with tenants...
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True..when i was single..staying in 1400sqft condo..felt so lonely end up sleeping in living hall..hehe..anything ard 700sqft is sufficient..
Bee am
post Mar 14 2013, 01:20 AM

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QUOTE(triny @ Mar 14 2013, 12:24 AM)
wouldnt be stretching but no doubt will be tied down blush.gif and after that cannot simply use money travel here and there
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These r some some of d sacrifices to b made if u keen on purchasing a property at this age.. If u r not ready for such sacrifice, perhaps u r not ready to own a property yet..
Bee am
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QUOTE(triny @ Mar 14 2013, 12:26 AM)
what a brilliant idea but no bachelor taikor around, instead single ladies are everywhere icon_question.gif
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I believe there r still still available taikor around, but mayb not up to ur suitability such as looks, age, preferences, attitude.. Again this is only my beliefs...
Bee am
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QUOTE(AMINT @ Mar 13 2013, 09:18 AM)
I think it is not bad, g&g, near amenities like tesco, giant and most importantly near Inti International uni. Cheaper than starz valley too. smile.gif
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I tot d same thing but jus wan to get a 2nd opinion. Put a booking for 1 unit today..
AMINT
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QUOTE(Bee am @ Mar 14 2013, 01:26 AM)
I tot d same thing but jus wan to get a 2nd opinion. Put a booking for 1 unit today..
*
Nice. congratulations. All the best. I may go in too.

This post has been edited by AMINT: Mar 14 2013, 01:29 AM
Bee am
post Mar 14 2013, 01:45 AM

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QUOTE(AMINT @ Mar 14 2013, 01:28 AM)
Nice. congratulations. All the best. I may go in too.
*
Tks. Understood from d manager now left facing lake which rm280k n above unless there r some more loan reject ones. N I was told some of those loan rejected end up buying cash.. shocking.gif
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post Mar 14 2013, 12:53 PM

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Summary of thread:

1. TS feels property prices for single middle class people is out of range
2. TS feels individual buyer should not be penalized (although Singapore is already doing this)
3. TS feels more lonely staying in a smaller place, instead of a bigger one
4. TS feels it is important to get a decent size unit for the future and to feel secure, even if it is not required at this time.
5. TS feels buying a smaller or studio unit will feel in loss of "face" due to peer pressure.

Summary correct?
BboyDora
post Mar 14 2013, 02:03 PM

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I think TS should take the risk by buying the house she want (within the mean la of coz). Never compare with others cz not everyone get support from family.
I get my first house with my own sweats n tears. Zero support from family . It's totally wipe out my entire saving for 20 years but I feel contented and proud.
That time is really uncomfortable. Just imagine that the money in ur bank almost empty. Kena robbed also no money to give.. Haha..

But today, there are lot of my friends haven't own a house, not to mention those "father, mother " buy for them. So, if seen any house which are ok, just buy it.
EddyLB
post Mar 14 2013, 07:39 PM

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QUOTE(lonelytraveller @ Mar 13 2013, 11:55 PM)
Eligibility for single citizen to buy a HDB flat in Singapore is minimum 35 years old
For married or soon to be married couple it is minimum 21 years old

source: http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/...uy?OpenDocument

Yes, I am sure it will never happen in Malaysia because our house prices still have long way more to go up before everyone starts staying in PR1MA.
Currently local Malaysians can still afford to buy houses from private developers/owners.
*
Where else in the world does a government impose such restriction ?

Since you suggested, may I suggest chewing gum be banned in Malaysia too ? laugh.gif
Poodlepaddly
post Mar 14 2013, 08:29 PM

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QUOTE(lonelytraveller @ Mar 14 2013, 12:53 PM)
Summary of thread:

1. TS feels property prices for single middle class people is out of range
2. TS feels individual buyer should not be penalized (although Singapore is already doing this)
3. TS feels more lonely staying in a smaller place, instead of a bigger one
4. TS feels it is important to get a decent size unit for the future and to feel secure, even if it is not required at this time.
5. TS feels buying a smaller or studio unit will feel in loss of "face" due to peer pressure.

Summary correct?
*
Good executive summary.

On the last part, it seems that buying house is more of a luxury than a necessity for some. What face is there to lose for buying a property that is small? Your first property will not be your last property. Keep dwindling on such small petty matters by the time you are ready to buy a house, those small studio owner which he said "lose face" is already at later stage going to bigger landed units or property d. Dont underestimate small units/studio. these are the fastest in subsales nowadays.

This post has been edited by Poodlepaddly: Mar 14 2013, 08:30 PM
doomdoom
post Mar 14 2013, 08:35 PM

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don complaint so much, there are still lots of subsale at good location and not too bad condition property below 400k......
BTimes
post Mar 14 2013, 10:43 PM

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Global economy is recovering. Prices will resume their bull run. Better buy now.
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post Mar 14 2013, 11:45 PM

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QUOTE(doomdoom @ Mar 14 2013, 08:35 PM)
don complaint so much, there are still lots of subsale at good location and not too bad condition property below 400k......
*
I agree with you, the world is moving fast and there is no time to complain on why property price are going higher and higher and not doing anything about it....work hard and save hard if want to own expensive and well located properties... some people will only see how easy a rich person snapping up few properties worth millions but did they ever wonder how they can become so rich? if you talk to them...most of them will say hardwork, save hard, good financial management and of course luck....

but dont compare with those born with silver spoon la..... how many people are like that.


TStriny
post Mar 15 2013, 12:18 AM

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QUOTE(lonelytraveller @ Mar 14 2013, 12:53 PM)
Summary of thread:

1. TS feels property prices for single middle class people is out of range
2. TS feels individual buyer should not be penalized (although Singapore is already doing this)
3. TS feels more lonely staying in a smaller place, instead of a bigger one
4. TS feels it is important to get a decent size unit for the future and to feel secure, even if it is not required at this time.
5. TS feels buying a smaller or studio unit will feel in loss of "face" due to peer pressure.

Summary correct?
*
aww dont make it personal, I feel awkward. My only intention, as I said, is not to complain but to share my view and open the same for discussion. In any event, my response as follows.


1. TS feels property prices for single middle class people is out of range [Yes and I would like to qualified this (by not comparing to other countries), but just the situation in Malaysia, where it 'suddenly' become unreachable for working class citizen which increment can barely touch the tip of the market now. In this, I totally agree with the idea that one should judge itself based on its ability etc. For example 3 yrs back, an employee earning 3k can buy a 200k condo (1,000sq ft), today the employee salary maybe 5k but same type of condo requires him 350k [this is just what I perceived which might not reflect the reality, as I have just come to KL 3yrs back]
2. TS feels individual buyer should not be penalized (although Singapore is already doing this) [not just individual buyer, not one should be penalised, as a poster highlighted earlier, is a free market. And living under this free market is challenging.
3. TS feels more lonely staying in a smaller place, instead of a bigger one [I am just trying to be more casual in my response, dont want to make the atmosphere too stiff, obviously there is no rationale to this =)]
4. TS feels it is important to get a decent size unit for the future and to feel secure, even if it is not required at this time. [necessity or luxury, whether required or not, that will be really really personal, whilst I fall within the catory of 'single', getting a home in KL is significant to me, for the purpose of my parent as well as my siblings.
5. TS feels buying a smaller or studio unit will feel in loss of "face" due to peer pressure. [not at all, in fact my peer owns a studio in MK which is about 500sq ft and is so great)- please refer to A4.


over and above, everybody has their reason of what they want and what they dont,

I would also want to thank you for your attempt to analyse this, my pleasure wub.gif
doomdoom
post Mar 15 2013, 03:07 PM

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QUOTE(jamestan_85 @ Mar 14 2013, 11:45 PM)
I agree with you, the world is moving fast and there is no time to complain on why property price are going higher and higher and not doing anything about it....work hard and save hard if want to own expensive and well located properties... some people will only see how easy a rich person snapping up few properties worth millions but did they ever wonder how they can become so rich? if you talk to them...most of them will say hardwork, save hard, good financial management and of course luck....

but dont compare with those born with silver spoon la..... how many people are like that.
*
they complaint, but yet they buy i phone i pad honda toyota drink starbucks eat sushi everyday..if u earn 3k, then just cut all the unnecessary entertainment and save hard and work hard to get money...dun bullshit say price too high, and don wan buy subsale old unit which is cheaper, because no face if live there..bullshit...
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post Mar 15 2013, 03:23 PM

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QUOTE(doomdoom @ Mar 15 2013, 03:07 PM)
they complaint, but yet they buy i phone i pad honda toyota drink starbucks eat sushi everyday..if u earn 3k, then just cut all the unnecessary entertainment and save hard and work hard to get money...dun bullshit say price too high, and don wan buy subsale old unit which is cheaper, because no face if live there..bullshit...
*
+1!
Life is getting tougher, cut down some expenses when necessary especially those vacation trip.
I think it is time for us to think seriously that shd we work 6-7 days a week? When money not enuf, I think this is the best remedy.
Our future is very uncertain!
kochin
post Mar 15 2013, 03:29 PM

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QUOTE(UFO-ET @ Mar 15 2013, 03:23 PM)
+1!
Life is getting tougher, cut down some expenses when necessary especially those vacation trip.
I think it is time for us to think seriously that shd we work 6-7 days a week? When money not enuf, I think this is the best remedy.
Our future is very uncertain!
*
same goes to those who earn more and more as they progress.
they started drinking starbucks more, mamak less.
so while income increases, expenditures increases as well.
in the end, savings still the same or eroded.
main key is financial discipline.
so far, best tool for me is property.
insurance, can still cancel and salvage the value.
if bank repossess property, really cry.gif also no tears. sweat.gif
AMINT
post Mar 15 2013, 03:48 PM

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Guys, a few of my bankers said banks might be tightening credits. Fyi.
TStriny
post Mar 15 2013, 03:53 PM

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QUOTE(BboyDora @ Mar 14 2013, 02:03 PM)
I think TS should take the risk by buying the house she want (within the mean la of coz). Never compare with others cz not everyone get support from family.
I get my first house with my own sweats n tears. Zero support from family . It's totally wipe out my entire saving for 20 years but I feel contented and proud.
That time is really uncomfortable. Just imagine that the  money in ur bank almost empty. Kena robbed also no money to give.. Haha..

But today, there are lot of my friends haven't own a house, not to mention those "father, mother " buy for them. So, if seen any house which are ok, just buy it.
*
I am currently stepping on the path you walked before blush.gif
kochin
post Mar 15 2013, 03:54 PM

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QUOTE(triny @ Mar 15 2013, 03:53 PM)
I am currently stepping on the path you walked before blush.gif
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+1. good luck.
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post Mar 15 2013, 03:55 PM

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QUOTE(doomdoom @ Mar 15 2013, 03:07 PM)
they complaint, but yet they buy i phone i pad honda toyota drink starbucks eat sushi everyday..if u earn 3k, then just cut all the unnecessary entertainment and save hard and work hard to get money...dun bullshit say price too high, and don wan buy subsale old unit which is cheaper, because no face if live there..bullshit...
*
who are the 'they'?
twincharger07
post Mar 15 2013, 03:57 PM

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QUOTE(doomdoom @ Mar 15 2013, 03:07 PM)
they complaint, but yet they buy i phone i pad honda toyota drink starbucks eat sushi everyday..if u earn 3k, then just cut all the unnecessary entertainment and save hard and work hard to get money...dun bullshit say price too high, and don wan buy subsale old unit which is cheaper, because no face if live there..bullshit...
*
starbucks, coffee bean, gloria jean's, chatime, ochado, san francisco coffee, old time white coffee, paparich, baskin robbins, haagen dazs, tutti fruiti, sushi king, sakae sushi, sushi zanmai, tony romas, dome cafe..

S2, S3, S4, Note2, Galaxy, ipad, iphone..

.. lolzz..


1ullaby
post Mar 15 2013, 04:00 PM

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QUOTE(twincharger07 @ Mar 15 2013, 03:57 PM)
starbucks, coffee bean, gloria jean's, chatime, ochado, san francisco coffee, old time white coffee, paparich, baskin robbins, haagen dazs, tutti fruiti, sushi king, sakae sushi, sushi zanmai, tony romas, dome cafe..

S2, S3, S4, Note2, Galaxy, ipad, iphone..

.. lolzz..
*
On the other hand.. we only live once ma .. kenot house house house only laugh.gif
AMINT
post Mar 15 2013, 04:03 PM

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QUOTE(twincharger07 @ Mar 15 2013, 03:57 PM)
starbucks, coffee bean, gloria jean's, chatime, ochado, san francisco coffee, old time white coffee, paparich, baskin robbins, haagen dazs, tutti fruiti, sushi king, sakae sushi, sushi zanmai, tony romas, dome cafe..

S2, S3, S4, Note2, Galaxy, ipad, iphone..

.. lolzz..
*
Eiii suka hati kita la nak spend mcm mane. Kitaorang muda lagi. Takkan nak pikir beli rumah aje. Takde life la korang semua kat sini!
Mikken
post Mar 15 2013, 04:05 PM

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QUOTE(AMINT @ Mar 15 2013, 05:03 PM)
Eiii suka hati kita la nak spend mcm mane. Kitaorang muda lagi. Takkan nak pikir beli rumah aje. Takde life la korang semua kat sini!
*
Just use Groupon or Living Social, can save a lot...
AMINT
post Mar 15 2013, 04:08 PM

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QUOTE(Mikken @ Mar 15 2013, 04:05 PM)
Just use Groupon or Living Social, can save a lot...
*
Dont want. I am still young. I dont wanna buy property and be stucked for 40 years loan. I am gonna rent until I die. I will have a lot of money. Can buy Ipad5, Ipad6,7,8,9,10. You will be stucked with Ipad1. So malu! So old school. So kedekut! In life must enjoy le. Later 60-70 years old got properties, maybe lots of them but die with unhappy feeling. such a waste....
AMINT
post Mar 15 2013, 04:10 PM

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Sorry. A young lyn forummer replied to me like this. what do you think?

This post has been edited by AMINT: Mar 15 2013, 04:10 PM
Mikken
post Mar 15 2013, 04:13 PM

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Amint, ask him/her whether want to rent property for the rest of the life. Have to shift every few years as per owner whim and fancy. Some ppl don't mind renting. If everybody is an owner, who I am renting to my unit too. Hehe
AMINT
post Mar 15 2013, 04:18 PM

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QUOTE(Mikken @ Mar 15 2013, 04:13 PM)
Amint, ask him/her whether want to rent property for the rest of the life. Have to shift every few years as per owner whim and fancy. Some ppl don't mind renting. If everybody is an owner, who I am renting to my unit too. Hehe
*
Judging from the words I type, you know it is a girl. No way dude, she is gonna rent from me. Mane tahu she is a leng lui? Usually leng lui got one kind of attitude wan. hehehe
Mikken
post Mar 15 2013, 04:19 PM

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QUOTE(AMINT @ Mar 15 2013, 05:18 PM)
Judging from the words I type, you know it is a girl. No way dude, she is gonna rent from me. Mane tahu she is a leng lui? Usually leng lui got one kind of attitude wan. hehehe
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For her if a leng-lui, no problem lor...Just find a rich husband.
firee818
post Mar 15 2013, 04:20 PM

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QUOTE(lonelytraveller @ Mar 14 2013, 12:53 PM)
Summary of thread:

1. TS feels property prices for single middle class people is out of range
2. TS feels individual buyer should not be penalized (although Singapore is already doing this)
3. TS feels more lonely staying in a smaller place, instead of a bigger one
4. TS feels it is important to get a decent size unit for the future and to feel secure, even if it is not required at this time.
5. TS feels buying a smaller or studio unit will feel in loss of "face" due to peer pressure.

Summary correct?
*
TS is worried too much... worry this and that.
Take it easy and live optimistically. When the time come the boat will bark automatically to a jetty.

Build up your cash pile first and hold it as your reserve and at the same time to explore for good buy.
AMINT
post Mar 15 2013, 04:21 PM

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QUOTE(Mikken @ Mar 15 2013, 04:19 PM)
For her if a leng-lui, no problem lor...Just find a rich husband.
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yea lorrr. maybe she will the one that laughs at me later on. tongue.gif
Hello_kitty 89
post Mar 15 2013, 04:22 PM

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hahaa.. lol.. go for depreciation things? ipad, cars, etc... rent forever.. o.0
twincharger07
post Mar 15 2013, 04:22 PM

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QUOTE(AMINT @ Mar 15 2013, 04:03 PM)
Eiii suka hati kita la nak spend mcm mane. Kitaorang muda lagi. Takkan nak pikir beli rumah aje. Takde life la korang semua kat sini!
*
everything needs moderation and depending on ones affordability also la..

however, if you only have limited resources, you should know what is your priority... I know some ppl drink starbucks almost everyday, collect all the starbucks mug, but everyday complaining high cost of living, $$ not enough, no saving to buy house...

one may indulge in all this lifestyle outlets and gadgets.. but with intelligence and wisdom.. imho, to be truly financial independent, it needs discipline rather than suka hati.. its a choice that we need to make what kind of life we want to live.. I am sure your success comes from your own discipline as well as hard work..

dont be surprised there are a lot of ppl have no knowledge about financial planning, even older ones also have no idea what is it all about..

cheers..
twincharger07
post Mar 15 2013, 04:24 PM

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QUOTE(1ullaby @ Mar 15 2013, 04:00 PM)
On the other hand.. we only live once ma .. kenot house house house only  laugh.gif
*
we only live once... we have to make a choice what kind of life we want to live and what kind of live we want to end up.. wink.gif
TStriny
post Mar 15 2013, 04:24 PM

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QUOTE(firee818 @ Mar 15 2013, 04:20 PM)
TS is worried too much... worry this and that.
Take it easy and live optimistically. When the  time come the boat will bark automatically to a jetty.

Build up your cash pile first and hold it as your reserve and at the same time to explore for good buy.
*
rclxms.gif tq for your encouragement
twincharger07
post Mar 15 2013, 04:25 PM

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QUOTE(AMINT @ Mar 15 2013, 04:08 PM)
Dont want. I am still young. I dont wanna buy property and be stucked for 40 years loan. I am gonna rent until I die. I will have a lot of money. Can buy Ipad5, Ipad6,7,8,9,10. You will be stucked with Ipad1. So malu! So old school. So kedekut! In life must enjoy le. Later 60-70 years old got properties, maybe lots of them but die with unhappy feeling. such a waste....
*
lolzz.....
Mikken
post Mar 15 2013, 04:26 PM

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QUOTE(Hello_kitty 89 @ Mar 15 2013, 05:22 PM)
hahaa.. lol.. go for depreciation things? ipad, cars, etc... rent forever.. o.0
*
Need to have a good pool of good tenants. Money spent on all this gadgets do stimulate the economy and keep it churning. So, no need to change the way they think. 10 more years (with sky high property prices) will be 2 class in society - Owner and Tenant. Which class you want to be?


AMINT
post Mar 15 2013, 04:26 PM

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QUOTE(twincharger07 @ Mar 15 2013, 04:22 PM)
everything needs moderation and depending on ones affordability also la..

however, if you only have limited resources, you should know what is your priority... I know some ppl drink starbucks almost everyday, collect all the starbucks mug, but everyday complaining high cost of living, $$ not enough, no saving to buy house...

one may indulge in all this lifestyle outlets and gadgets.. but with intelligence and wisdom.. imho, to be truly financial independent, it needs discipline rather than suka hati.. its a choice that we need to make what kind of life we want to live.. I am sure your success comes from your own discipline as well as hard work..

dont be surprised there are a lot of ppl have no knowledge about financial planning, even older ones also have no idea what is it all about..

cheers..
*
+1 true true. I was shocked when she said wanna buy ipad 5,6,7,8,9. really wanna laugh. But yeah, I dont even have an Ipad. haha. that part maybe she is correct. i am outdated and so kedekut. tongue.gif

yes, there are some older generations who dont have financial planning. their financial planning is to get money from their children when they are old. I am not saying it is wrong as I practice this as well to my parents but I think youngsters nowadays are already stressed out to make a living for themselves. Pity

This post has been edited by AMINT: Mar 15 2013, 04:27 PM
firee818
post Mar 15 2013, 04:29 PM

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QUOTE(BboyDora @ Mar 14 2013, 02:03 PM)
I think TS should take the risk by buying the house she want (within the mean la of coz). Never compare with others cz not everyone get support from family.
I get my first house with my own sweats n tears. Zero support from family . It's totally wipe out my entire saving for 20 years but I feel contented and proud.
That time is really uncomfortable. Just imagine that the  money in ur bank almost empty. Kena robbed also no money to give.. Haha..

But today, there are lot of my friends haven't own a house, not to mention those "father, mother " buy for them. So, if seen any house which are ok, just buy it.
*
Good to you and everything is worth.
BTW, really lucky for those who buy their houses from their parents support...feel jealousy sometime for those who born with 'gold' keys...on the other hand if you can buy it by yourself, that mean you can prove it to your parents, yes, I can independence!
kochin
post Mar 15 2013, 04:31 PM

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pls don't bash them lah....

it's always choices.

assuming A & B, study same courses and graduated same batch.
A save save save to buy properties.
B spend spend spend on all latest stuff and luxuries.

fast forward 5 or even 10 years later.
A: hi, how are you doing?
B: great! i'd just came back from Turkey. fabulous place. have you been there?
A: err.... no.
B: i'm sure you love it. it's as lovely as new zealand which i went to a year ago but with an exotic twist. btw, check out my new ride. the new kia optima k5. i just swapped with my toyota altis.
A: wow! sweet. i'm still driving my proton wira. must be nice.
B: hey why don't we catch up some time. whatsapp me on my phone. i'll give you both my numbers. it's on my i8 and s9 phone.
A: sorry, i don't have mobile plan on my phone.
B: errmm... no sweat. we can chill in starbucks sometime.
........

A could be richer. but normally a person wouldn't talk about his wealth with their friends, right?
B would be much richer in terms of life's experiences.

so, it's matter of choice.
best is striking a balance lor.
Mikken
post Mar 15 2013, 04:33 PM

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QUOTE(kochin @ Mar 15 2013, 05:31 PM)
pls don't bash them lah....

it's always choices.

assuming A & B, study same courses and graduated same batch.
A save save save to buy properties.
B spend spend spend on all latest stuff and luxuries.

fast forward 5 or even 10 years later.
A: hi, how are you doing?
B: great! i'd just came back from Turkey. fabulous place. have you been there?
A: err.... no.
B: i'm sure you love it. it's as lovely as new zealand which i went to a year ago but with an exotic twist. btw, check out my new ride. the new kia optima k5. i just swapped with my toyota altis.
A: wow! sweet. i'm still driving my proton wira. must be nice.
B: hey why don't we catch up some time. whatsapp me on my phone. i'll give you both my numbers. it's on my i8 and s9 phone.
A: sorry, i don't have mobile plan on my phone.
B: errmm... no sweat. we can chill in starbucks sometime.
........

A could be richer. but normally a person wouldn't talk about his wealth with their friends, right?
B would be much richer in terms of life's experiences.

so, it's matter of choice.
best is striking a balance lor.
*
Sounds like real life experience, you are A or B?

AMINT
post Mar 15 2013, 04:37 PM

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QUOTE(kochin @ Mar 15 2013, 04:31 PM)
pls don't bash them lah....

it's always choices.

assuming A & B, study same courses and graduated same batch.
A save save save to buy properties.
B spend spend spend on all latest stuff and luxuries.

fast forward 5 or even 10 years later.
A: hi, how are you doing?
B: great! i'd just came back from Turkey. fabulous place. have you been there?
A: err.... no.
B: i'm sure you love it. it's as lovely as new zealand which i went to a year ago but with an exotic twist. btw, check out my new ride. the new kia optima k5. i just swapped with my toyota altis.
A: wow! sweet. i'm still driving my proton wira. must be nice.
B: hey why don't we catch up some time. whatsapp me on my phone. i'll give you both my numbers. it's on my i8 and s9 phone.
A: sorry, i don't have mobile plan on my phone.
B: errmm... no sweat. we can chill in starbucks sometime.
........

A could be richer. but normally a person wouldn't talk about his wealth with their friends, right?
B would be much richer in terms of life's experiences.

so, it's matter of choice.
best is striking a balance lor.
*
i think I wouldnt wanna be A or B. I need a balance life. Maybe take 10% of what you have earned to enjoy a bit. Go on a vacation ke. or buy a sportcar for every 4 props you flip ke. things like that. For me this is ok.

I realized most people dont really need or want to drink starbucks all the time, get the latest ipad, samsung S series. Like me, I am just happy with my iphone 4. yeah to some people it is a stone age phone but for me i still sayang my iphone coz can meet my demands like surfing lowyat.net on the go, watch youtube etc. enough. most guys are like this, dont you think?


twincharger07
post Mar 15 2013, 04:42 PM

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QUOTE(kochin @ Mar 15 2013, 04:31 PM)
pls don't bash them lah....

it's always choices.

assuming A & B, study same courses and graduated same batch.
A save save save to buy properties.
B spend spend spend on all latest stuff and luxuries.

fast forward 5 or even 10 years later.
A: hi, how are you doing?
B: great! i'd just came back from Turkey. fabulous place. have you been there?
A: err.... no.
B: i'm sure you love it. it's as lovely as new zealand which i went to a year ago but with an exotic twist. btw, check out my new ride. the new kia optima k5. i just swapped with my toyota altis.
A: wow! sweet. i'm still driving my proton wira. must be nice.
B: hey why don't we catch up some time. whatsapp me on my phone. i'll give you both my numbers. it's on my i8 and s9 phone.
A: sorry, i don't have mobile plan on my phone.
B: errmm... no sweat. we can chill in starbucks sometime.
........

A could be richer. but normally a person wouldn't talk about his wealth with their friends, right?
B would be much richer in terms of life's experiences.

so, it's matter of choice.
best is striking a balance lor.
*
I know ppl spend a lot on oversea trips, good life style, very update on latest tech than me...
but often, this person will sit down with me and start asking "why property so expensive, where to buy? I got not much saving, where to start?"

Another fren bought a beemer, wear a tag heuer, from head to toe branded shit, oversea trip, bough his wife an LV bag.. but told me he feel like wanna suicide.. too much debts and no savings.. everyday live in worries..

well, different ppl hav different types of friends...

This post has been edited by twincharger07: Mar 15 2013, 04:45 PM
JustNobody
post Mar 15 2013, 04:48 PM

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$$ is not everything in life... Like TVB series... How many 10 years you have in your life? Why you invest so heavily? Because of $$ to bring down with you when you die? I fully agree with AMINT to have a balance one... Don't want to be sorry for missing a lot of thing in my life...
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post Mar 15 2013, 05:48 PM

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In general, what we face is lack of competitiveness and "PRODUCTIVITY"

I hv been monitoring HK and Taiwan for sometimes, since 1998 - 2013, Taiwan is a country that I follow closely on their social problem vs property price. A country like Singapore which do not possess any natural resources, the Taiwan people needs to work hard, be creative and competitive to fight with the other 3 little dragons i.e HK, Korea and Singapore. I make a few trips to Taiwan recently, I notice that Taiwanese youngsters are struggling to survive in a high living cost in Taipei City.

Fresh graduate is earning RM2,200 - RM2,600 averagely,
Rental per room (old apt) - RM1,000 - RM1,500
Cost of food - 20% - 40% higher
Petrol - 70% higher (of course their car is cheaper, but youngster only ride motorbike, can't afford car).
Property price in sub-prime area (like Tmn Desa, Cheras, Sri Petaling)
Old apt (no facility) - RM700K - RM1 mil
New condo (with facility, no car park) - RM1.2 mil - 2.0 mil (car park around 100K - 150K extra)

I met a few youngsters / couples who told me that they dare not to think of buying an apt before age 40, they need to save more money for the down payment.

My observation :-
Taiwanese young working group - Attitude and Productivity is at least 2X better than Malaysian young work force, I may say at keast 50% of our young worker can't compete with Taiwanese. As a property agent, I take myself to compare with the Taiwanses property agent, in terms of speed, creativity, productivity and hardworking, they are 2X better than me.

My HK buyer (who bought a house fr me) told me "I think you are a successful agent, but I must tell you, with your kind of speed and competiveness, you can't survive in HK!!"

The above are real stories, just for sharing!

Malaysia is far behind!

This post has been edited by UFO-ET: Mar 15 2013, 06:35 PM
klthor
post Mar 15 2013, 05:55 PM

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i graduated in 2008, my next door offer me their house for 150k and i miss it and now its like 300k + -. but im not prepared that time, now that im prepared, im aiming for 'hedging' what does that mean? i will buy a house i can afford like a Rm220k condo i found (900sqft), and then cont to save and work hard. if the property price goes up, my dream house (landed double storey) price goes up but the 220k condo i buy goes up too! but if property market crashed, my dream house price goes down and same goes to my little condo smile.gif i havent test out this, but i think its the theory i learn from text book hedging. as long as i cont to work hard and have my little condo with me, even if price goes up im not affected and even the price goes down it doesnt affect me much too since my dream house price goes down too. maybe what i lose up is the legal fees and the interest -.-
A.B.D.
post Mar 15 2013, 06:15 PM

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If this newly grad guy wants more money he should join the thousands working overseas earning stronger currency.
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post Mar 15 2013, 06:18 PM

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Thanks for motivational story UFO. If we can be fast n furious like those developed Asian cities we'll be successful. Because here the pace is slow. You'll be a star! Lol.
bengjiun
post Mar 15 2013, 07:45 PM

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Propstar is right. I regret not listen to my boss. Buy a stupid apartment at 150k and then upgrade. The silver lining is that I am working overseas Now and my salary can catch up with my lost time.
twincharger07
post Mar 15 2013, 07:56 PM

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QUOTE(UFO-ET @ Mar 15 2013, 05:48 PM)
In general, what we face is lack of competitiveness and "PRODUCTIVITY"

I hv been monitoring HK and Taiwan for sometimes, since 1998 - 2013, Taiwan is a country that I follow closely on their social problem vs property price. A country like Singapore which do not possess any natural resources, the Taiwan people needs to work hard, be creative and competitive to fight with the other 3 little dragons i.e HK, Korea and Singapore. I make a few trips to Taiwan recently, I notice that Taiwanese youngsters are struggling to survive in a high living cost in Taipei City.

Fresh graduate is earning RM2,200 - RM2,600 averagely,
Rental per room (old apt) - RM1,000 - RM1,500
Cost of food - 20% - 40% higher
Petrol - 70% higher (of course their car is cheaper, but youngster only ride motorbike, can't afford car).
Property price in sub-prime area (like Tmn Desa, Cheras, Sri Petaling)
Old apt (no facility) - RM700K - RM1 mil
New condo (with facility, no car park) - RM1.2 mil - 2.0 mil (car park around 100K - 150K extra)

I met a few youngsters / couples who told me that they dare not to think of buying an apt before age 40, they need to save more money for the down payment.

My observation :-
Taiwanese young working group - Attitude and Productivity is at least 2X better than Malaysian young work force, I may say at keast 50% of our young worker can't compete with Taiwanese. As a property agent, I take myself to compare with the Taiwanses property agent, in terms of speed, creativity, productivity and hardworking, they are 2X better than me.

My HK buyer (who bought a house fr me) told me "I think you are a successful agent, but I must tell you, with your kind of speed and competiveness, you can't survive in HK!!"

The above are real stories, just for sharing!

Malaysia is far behind!
*
yes bro,, i hav been working in taiwan for half year n japan for more than a year,,
comparing the productivity here n both nations, i can say they r more focus n committed to their work,, japanese do gav me better impression,, its their culture i hav to say,, Accountable, respect, efficiency, process, honesty, detail, discipline, no-nonsence, and always strive for "do it right the first" which is why they can produce more output than the rest of the world,,

while they do hav their strong point, but property is freaking freaking expensive in tokyo,, as income percapita is getting higher, standard of living follows as well,, newly wed executives only able to afford a 40meter square apartment,, life is very competative n stressful,, apart from that, quality of life is great (safe, convinient, frenly ppl),, ok natural disaster is not too good there,,

bolehland is very layback,, ok i know we hav good productive workforce, but i m talking about on average,, there r still good thing about bolehland,, we really still can get a decent house here if you work hard,, we are still not very competative among each other n we still do hav some space to breath in between,,

if you want to know how competative other country is, my taiwan colleague actually took leave bcos his son was having school exam, and its common for parents to take leave to accompany their children during exam period,,

i do believe if we work hard n smart in bolehland, we r still able to stay ahead from the rest in the country,, for those countries that i hav been, i hav seen them worked super hard just to survive,,

cheers

EddyLB
post Mar 15 2013, 09:31 PM

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QUOTE(klthor @ Mar 15 2013, 05:55 PM)
i graduated in 2008, my next door offer me their house for 150k and i miss it and now its like 300k + -. but im not prepared that time, now that im prepared, im aiming for 'hedging' what does that mean? i will buy a house i can afford like a Rm220k condo i found (900sqft), and then cont to save and work hard. if the property price goes up, my dream house (landed double storey) price goes up but the 220k condo i buy goes up too! but if property market crashed, my dream house price goes down and same goes to my little condo smile.gif i havent test out this, but i think its the theory i learn from text book hedging. as long as i cont to work hard and have my little condo with me, even if price goes up im not affected and even the price goes down it doesnt affect me much too since my dream house price goes down too. maybe what i lose up is the legal fees and the interest -.-
*
I like your attitude and thinking ! nod.gif notworthy.gif
Bee am
post Mar 15 2013, 10:47 PM

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QUOTE(AMINT @ Mar 15 2013, 04:26 PM)
+1 true true. I was shocked when she said wanna buy ipad 5,6,7,8,9. really wanna laugh. But yeah, I dont even have an Ipad. haha. that part maybe she is correct. i am outdated and so kedekut. tongue.gif

yes, there are some older generations who dont have financial planning. their financial planning is to get money from their children when they are old. I am not saying it is wrong as I practice this as well to my parents but I think youngsters nowadays are already stressed out to make a living for themselves. Pity
*
I think one jus need to balance out between necessity n pleasure. How to balance depend on the person's life priority. If at the moment he/she prioritize pleasure more than necessity, then more resources will b put in pleasure. Only thing is later don complain no money buy house la, no money give parents la...
AppreciativeMan
post Mar 15 2013, 11:05 PM

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QUOTE(UFO-ET @ Mar 15 2013, 05:48 PM)
In general, what we face is lack of competitiveness and "PRODUCTIVITY"

I hv been monitoring HK and Taiwan for sometimes, since 1998 - 2013, Taiwan is a country that I follow closely on their social problem vs property price. A country like Singapore which do not possess any natural resources, the Taiwan people needs to work hard, be creative and competitive to fight with the other 3 little dragons i.e HK, Korea and Singapore. I make a few trips to Taiwan recently, I notice that Taiwanese youngsters are struggling to survive in a high living cost in Taipei City.

Fresh graduate is earning RM2,200 - RM2,600 averagely,
Rental per room (old apt) - RM1,000 - RM1,500
Cost of food - 20% - 40% higher
Petrol - 70% higher (of course their car is cheaper, but youngster only ride motorbike, can't afford car).
Property price in sub-prime area (like Tmn Desa, Cheras, Sri Petaling)
Old apt (no facility) - RM700K - RM1 mil
New condo (with facility, no car park) - RM1.2 mil - 2.0 mil (car park around 100K - 150K extra)

I met a few youngsters / couples who told me that they dare not to think of buying an apt before age 40, they need to save more money for the down payment.

My observation :-
Taiwanese young working group - Attitude and Productivity is at least 2X better than Malaysian young work force, I may say at keast 50% of our young worker can't compete with Taiwanese. As a property agent, I take myself to compare with the Taiwanses property agent, in terms of speed, creativity, productivity and hardworking, they are 2X better than me.

My HK buyer (who bought a house fr me) told me "I think you are a successful agent, but I must tell you, with your kind of speed and competiveness, you can't survive in HK!!"

The above are real stories, just for sharing!

Malaysia is far behind!
*
+10
What most individual have not accept in Malaysia is that the world have change.
Even thou Taiwanese prop price is high, MOST individual there accepted the FACT, sees the REALITY. They try to earn more money instead of jus 'complaining' or even wishes market to crash. Likewise wise to SG, they nag but they know they hav to work harder or find second income....
Indeed, generally most Msian are less competitive and less productivity.... Tat is why ppl are losing pace to the growing pace of economic.... And when one is less competitive and productivity, how their income grow to be more competitive in the industry?
Prop market will crash only if the gov set 'silly' rules for foreign investors or even investors.... Which I see quite unlikely.... Prop market almost represent the growth or status of a country, if prop crash, it's as good as a country collapse.... Moreover in regional, Msia is still having having one of the lower growth pace in prop prices, therefore a hard landing is quite unlikely in my opinion....
SUSsakura888
post Mar 16 2013, 12:01 AM

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QUOTE(AMINT @ Mar 15 2013, 05:10 PM)
Sorry. A young lyn forummer replied to me like this. what do you think?
*
oh yakah...i thought that is you. cool2.gif
Hello_kitty 89
post Mar 16 2013, 12:42 AM

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What happen if a young fresh grad couple date date buy a landed property at about rm600k and take 40 years loan? Stupid or commit suicide? Monthly payment about rm2500, one party salary goes to house and car loan payment.
AppreciativeMan
post Mar 16 2013, 01:16 AM

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QUOTE(Hello_kitty 89 @ Mar 16 2013, 12:42 AM)
What happen if a young fresh grad couple date date buy a landed property at about rm600k and take 40 years loan? Stupid or commit suicide? Monthly payment about rm2500, one party salary goes to house and car loan payment.
*
Going to housing loan is better than going to drain like, pubs, luxuries goods and etc isn't it?
If one do not how to save manage his/her money well, instead of seeing nothing left at end of the day.... then it is better to put into prop as early as possible, forcing oneself to push himeself/herself for further limits....
all blacks
post Mar 16 2013, 02:14 AM

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QUOTE(Hello_kitty 89 @ Mar 16 2013, 12:42 AM)
What happen if a young fresh grad couple date date buy a landed property at about rm600k and take 40 years loan? Stupid or commit suicide? Monthly payment about rm2500, one party salary goes to house and car loan payment.
*
I don't c anything wrong with it... Your salary does increase too, so even though initially u might struggle but I believe later on you might be a winner.. U never noe how high the price could go in the future so y not? It's a gamble because it can also end up on the other side but from past, u cant really go tat wrong with landed properties... No pain no gain..

This post has been edited by all blacks: Mar 16 2013, 03:30 AM
kochin
post Mar 16 2013, 03:28 AM

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so....bbb or sss? kekeke.
firee818
post Mar 16 2013, 08:21 AM

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QUOTE(kochin @ Mar 15 2013, 04:31 PM)
pls don't bash them lah....

it's always choices.

assuming A & B, study same courses and graduated same batch.
A save save save to buy properties.
B spend spend spend on all latest stuff and luxuries.

fast forward 5 or even 10 years later.
A: hi, how are you doing?
B: great! i'd just came back from Turkey. fabulous place. have you been there?
A: err.... no.
B: i'm sure you love it. it's as lovely as new zealand which i went to a year ago but with an exotic twist. btw, check out my new ride. the new kia optima k5. i just swapped with my toyota altis.
A: wow! sweet. i'm still driving my proton wira. must be nice.
B: hey why don't we catch up some time. whatsapp me on my phone. i'll give you both my numbers. it's on my i8 and s9 phone.
A: sorry, i don't have mobile plan on my phone.
B: errmm... no sweat. we can chill in starbucks sometime.
........

A could be richer. but normally a person wouldn't talk about his wealth with their friends, right?
B would be much richer in terms of life's experiences.

so, it's matter of choice.
best is striking a balance lor.
*
It makes me think that travelling for vacation (esp. oversea) is occurred at/ nearly retirement age.
There is no fixed rule to this.

Assume A used his money to buy/invest couple of properties/shares/other investment and assume he makes a handsome profit. Then, he can realize his profit and go for vacation/buy luxury stuff like B. A is doing BOTH while B has no cash in hand. It is the timing difference. However, A is facing RISK as it is called investment.

This post has been edited by firee818: Mar 16 2013, 08:35 AM
firee818
post Mar 16 2013, 08:24 AM

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QUOTE(kochin @ Mar 16 2013, 03:28 AM)
so....bbb or sss? kekeke.
*
Any decision involve risk.
Another option is HOLD.
firee818
post Mar 16 2013, 08:33 AM

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QUOTE(all blacks @ Mar 16 2013, 02:14 AM)
I don't c anything wrong with it... Your salary does increase too, so even though initially u might struggle but I believe later on you might be a winner.. U never noe how high the price could go in the future so y not? It's a gamble because it can also end up on the other side but from past, u cant really go tat wrong with landed properties... No pain no gain..
*
Wise advise.

Personally think if you are normal person, then LUCK play an important role in any investment decision.

Exception to the above is the policy makers or influential politicians, they are the persons that determine how the countries are going to be...you will never know the future development in a particular area...your will never know when the interest rate is going to rise...

This post has been edited by firee818: Mar 16 2013, 08:39 AM
Hello_kitty 89
post Mar 16 2013, 09:26 AM

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bbb or sss? what's mean?

AMINT
post Mar 16 2013, 09:39 AM

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QUOTE(Hello_kitty 89 @ Mar 16 2013, 12:42 AM)
What happen if a young fresh grad couple date date buy a landed property at about rm600k and take 40 years loan? Stupid or commit suicide? Monthly payment about rm2500, one party salary goes to house and car loan payment.
*
I think it goes down to one's income. If can pay, do it. If too hard to pay, gonna stress out everyday, need to think x2. I had experienced this once before. It wasnt an easy path to go through. But i am glad that i manage to do that. Really paid off
firee818
post Mar 16 2013, 10:36 AM

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QUOTE(Hello_kitty 89 @ Mar 16 2013, 09:26 AM)
bbb or sss? what's mean?
*
bbb= Buy! BUY! BUY!

sss =sell! SELL! SELL!

More 'b'= stronger buy
More 's'= stronger sell
Hello_kitty 89
post Mar 16 2013, 10:54 AM

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QUOTE(AMINT @ Mar 16 2013, 09:39 AM)
I think it goes down to one's income. If can pay, do it. If too hard to pay, gonna stress out everyday, need to think x2. I had experienced this once before. It wasnt an easy path to go through. But i am glad that i manage to do that. Really paid off
*
Thanks thanks smile.gif
QUOTE(firee818 @ Mar 16 2013, 10:36 AM)
bbb= Buy! BUY! BUY!

sss =sell! SELL! SELL!

More 'b'= stronger buy
More 's'= stronger sell
*
Haha. Icic. But then many ppl now www cos of GE. Dunno is wise action or not
liam_emmet
post Mar 25 2013, 09:36 PM

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QUOTE(Hello_kitty 89 @ Mar 16 2013, 11:54 AM)
Thanks thanks smile.gif

Haha. Icic. But then many ppl now www cos of GE. Dunno is wise action or not
*
interesting topic..indeed i believe all youngster facing the same problem. ur time sure will come.

with the current politic situation, i think many ppl will play wait n see game for GE(except for the rich la). no one knows what will happen during and after GE. and just in case 'something' happen, those ppl with cash on hand will be king and can survive. during these time, ppl will use money to buy food, not property
Frostlord
post Mar 27 2013, 04:13 PM

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QUOTE(triny @ Mar 9 2013, 11:45 PM)
I graduated sometime in 2010 and thereafter, alone, I traveled from South Peninsular Msia and started work in KL. As a fresh graduate, I am glad I had no commitment back then. Being a middle class (I am using the term loosely), not relying on any form of financial support from the family, I struggle to save money. Some 2 years later, when I finally have at least some enough saving to purchase my first property, my first commitment to me life, I noticed I am just a helpless (single) middle class, and find myself probably in the lowest tier of the category (though I am happy for my peers who have their bf/gf to share the installment with them and live comfortably in a condo albeit not landed prop).

My experiences with real estate agents are nasty to the utmost. The first thing they ask before you even want to view the property is: how much do you earn? Are you able to take a loan? You need to prepare at least 100k cash because the bank valuation is lower than the selling price? Do you have that money? And finally, yes, they tell you upfront what they do is:- they purchase properties from sellers, keep it for their own and sell it to you whenever they feel like it, or you beg for it (p/s and the price is not negotiable).
Yes, there are many articles, analysis of 'expert' where they said the youngster now find it difficult to purchase a property because

i) there are cheap properties (like flat of about 180k-250k) around but they are choosy
ii) there are many options out skirt of town not preferred by the youngsters. They are not willing to travel.
iii) youngsters now want "cheap and good" properties
iv) they want to live in a good environment

I find this extremely offensive. This means we have to accept this situation :- where one could not afford a 400k-500k  1,000sq ft condo in KL (sub sale), you shouldn't be complaining because
i) malaysia property market is still 'slow' and 'low'
ii) just stay in nilai, semenyih, or even seremban to travel to KL everyday, whats the big deal (regardless of the toll?)
iii) you can still afford a flat or an apartment where the residents are at least 40% foreign labour (forget about new launching because is 500k and above) i.e.  your monthly installment is at least RM2,500

This sound like we are being pushed to low class i.e. stay in flat, or far far away (to avoid jam and toll, dont drive, ride a motor or take ktm or maybe the bus with the foreign labour), or continue renting from the elite class (investors, people strong financial background, holding many properties) and help them with their installment

There are many speculations around,is it the real estate agents? Is it the foreign investors?

Whatever the cause is, so be it, just that what is left for the middle class (soon will be pushed to a lower hierarchy), particularly those in KL (with no financial background)?
Really is there anything that could be done to assist? (apart from the projects which I need some luck with it)
*
true smile.gif

a lot of ppl also tell me "dont look for property in KL. look further, kajang, rawang etc etc" what they didnt see is taking the toll and petrol expenses to travel to KL every day, the installment for a 200k unit there is the same as the installment for a 400k-500k unit here, not to mention you can rent out for much more in KL to cover part of the costs
white.lion.clan
post Mar 29 2013, 10:07 AM

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its going to end up like US...
"More empty house than homeless people"

Malaysian_driver
post Mar 29 2013, 12:57 PM

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QUOTE(white.lion.clan @ Mar 29 2013, 10:07 AM)
its going to end up like US...
"More empty house than homeless people"
*
US got unemployment benefit....
katijar
post Mar 29 2013, 01:12 PM

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there are many "affordable" soho in KL... will you buy?
Lcsx
post Mar 29 2013, 02:00 PM

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wow kochin, there's an amazing resemblance I can relate to here. Haha

Almost uncanny thumbup.gif


QUOTE(kochin @ Mar 15 2013, 04:31 PM)
pls don't bash them lah....

it's always choices.

assuming A & B, study same courses and graduated same batch.
A save save save to buy properties.
B spend spend spend on all latest stuff and luxuries.

fast forward 5 or even 10 years later.
A: hi, how are you doing?
B: great! i'd just came back from Turkey. fabulous place. have you been there?
A: err.... no.
B: i'm sure you love it. it's as lovely as new zealand which i went to a year ago but with an exotic twist. btw, check out my new ride. the new kia optima k5. i just swapped with my toyota altis.
A: wow! sweet. i'm still driving my proton wira. must be nice.
B: hey why don't we catch up some time. whatsapp me on my phone. i'll give you both my numbers. it's on my i8 and s9 phone.
A: sorry, i don't have mobile plan on my phone.
B: errmm... no sweat. we can chill in starbucks sometime.
........

A could be richer. but normally a person wouldn't talk about his wealth with their friends, right?
B would be much richer in terms of life's experiences.

so, it's matter of choice.
best is striking a balance lor.
*
Malaysian_driver
post Mar 29 2013, 03:20 PM

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QUOTE(Lcsx @ Mar 29 2013, 02:00 PM)
wow kochin, there's an amazing resemblance I can relate to here. Haha

Almost uncanny  thumbup.gif
*
Better to be able to do both: BBB property and spend spend spend on leisure!
Lcsx
post Mar 29 2013, 03:25 PM

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QUOTE(Malaysian_driver @ Mar 29 2013, 03:20 PM)
Better to be able to do both: BBB property and spend spend spend on leisure!
*
Count you blessings if you get both. Heh.


kochin
post Mar 29 2013, 03:28 PM

I just hope I do!
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QUOTE(Lcsx @ Mar 29 2013, 02:00 PM)
wow kochin, there's an amazing resemblance I can relate to here. Haha

Almost uncanny  thumbup.gif
*
so you're A or B?
kekeke.
Lcsx
post Mar 29 2013, 03:29 PM

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QUOTE(kochin @ Mar 29 2013, 03:28 PM)
so you're A or B?
kekeke.
*
Hehe. Very good friend of mine 1 and me the other. Although slightly less extreme. Slightly.. haha



Lcsx
post Mar 29 2013, 03:30 PM

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Well lets see.. I at least have an i-phone 3gs bought only last year and on contract. Lol



KLsooner
post Mar 29 2013, 04:08 PM

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QUOTE(Malaysian_driver @ Mar 29 2013, 03:20 PM)
Better to be able to do both: BBB property and spend spend spend on leisure!
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both can't co-exist, trust me.
Lcsx
post Mar 29 2013, 04:16 PM

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QUOTE(KLsooner @ Mar 29 2013, 04:08 PM)
both can't co-exist, trust me.
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Well if you start early by late 30s should be achievable I thinks.




KLsooner
post Apr 9 2013, 12:05 PM

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QUOTE(Lcsx @ Mar 29 2013, 04:16 PM)
Well if you start early by late 30s should be achievable I thinks.
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answer inside. http://forum.lowyat.net/index.php?showtopi...&#entry59325026
thx2012
post Apr 9 2013, 02:01 PM

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Aiya, TS....

I also same age like you la, but i already got 3 property now. this year i only 25 years old.

my 1st house buy on 24 Yr old at Setapak, 2nd house and 3rd house buy on 25 Yr old at Subang jaya and Taman OUG.

Please stop complain la... i can do that, why you can not. i just let you know, all money is earn by myself. do not have any supporter.

but i start working since i 21 years old just gradute diploma only.

but my salary now 25 Yr old is around 7k. so i dont think who's take degree, master cert salary will higher than diploma holder.

this social is give the chance for who's are ability to work , is not who are hold the higher qualification.... lol.
Malaysian_driver
post Apr 9 2013, 06:01 PM

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QUOTE(thx2012 @ Apr 9 2013, 02:01 PM)
Aiya, TS....

I also same age like you la, but i already got 3 property now. this year i only 25 years old.

my 1st house buy on 24 Yr old at Setapak, 2nd house and 3rd house buy on 25 Yr old at Subang jaya and Taman OUG.

Please stop complain la... i can do that, why you can not. i just let you know, all money is earn by myself. do not have any supporter.

but i start working since i 21 years old just gradute diploma only.

but my salary now 25 Yr old is around 7k. so i dont think who's take degree, master cert salary will higher than diploma holder.

this social is give the chance for who's are ability to work , is not who are hold the higher qualification.... lol.
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rclxms.gif
kamilnu
post Apr 9 2013, 07:25 PM

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I'm now 35 years old...salary 14K. Only have one house....sighh
hazairi
post Apr 9 2013, 07:34 PM

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i think this issue is simple. If you can't afford to buy a property, just rent a cheap one, so that extra money you can save and invest so that in the future you can buy a property.
dRwh0
post Apr 9 2013, 07:35 PM

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QUOTE(kamilnu @ Apr 9 2013, 07:25 PM)
I'm now 35 years old...salary 14K. Only have one house....sighh
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Its how u live your life..if u r happy with..doesnt matter how matter how many prop u have..friend of mine earning more than that only have 2 house..never complain..live happily..😜
Bee am
post Apr 9 2013, 07:42 PM

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QUOTE(dRwh0 @ Apr 9 2013, 07:35 PM)
Its how u live your life..if u r happy with..doesnt matter how matter how many prop u have..friend of mine earning more than that only have 2 house..never complain..live happily..😜
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Yeah actually happiness n satisfaction very important. Some have lots of money but oways worry tis n tat.. How to happy..
cmk96
post Apr 9 2013, 07:43 PM

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i think its not how many property ones have... someone might hv 3 properties worth 300k each... but a guy elsewhere may hv 1 property worth more than a million.

don't be so naive looking at numbers of property alone.

This post has been edited by cmk96: Apr 9 2013, 07:44 PM
Malaysian_driver
post Apr 9 2013, 07:43 PM

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QUOTE(kamilnu @ Apr 9 2013, 07:25 PM)
I'm now 35 years old...salary 14K. Only have one house....sighh
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You need only one house for shelter. Property is merely an investment tool. May not appeal to everybody. There are others.
dRwh0
post Apr 9 2013, 07:47 PM

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QUOTE(Malaysian_driver @ Apr 9 2013, 07:43 PM)
You need only one house for shelter.  Property is merely an investment tool.  May not appeal to everybody.  There are others.
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👍
Malaysian_driver
post Apr 10 2013, 12:47 AM

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QUOTE(cmk96 @ Apr 9 2013, 07:43 PM)
i think its not how many property ones have... someone might hv 3 properties worth 300k each... but a guy elsewhere may hv 1 property worth more than a million.

don't be so naive looking at numbers of property alone.
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Or the person might have 3 properties worth RM1mil each?! brows.gif


 

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