Yes, so why bother to work? Why bother to increase business productivity through capital investment? See how easy to make 100k profit in 7 months.

This housing speculation frenzy is a lot worst than the 1997 stock mania... let's pray this time is different.

Transacted or asking price?

Need to work...
Need business too...
Investment is side income, need capital from business

Well let's put it this way, if prices drop enough, you may be looking for a job at Isetan as sales assistant, so don't be too cocky huh.

Not much market for property agent during downturn.

Transacted bro.. But there's one unit asking for 935k but junction hse.. Price is less bcoz usually Chinese and Indians dun go for those type of houses..

But nt sure if the S&P has been signed.. The last successful transaction was 950k..

Everything is possible

Fuyoh!
I really love property

Is there really 5% net yield out there? Maybe.......maybe not. You could also be stuck with a unit that you can't sell after VP. Is it risk-reward ratio worth it boss? For me, I'd say no, but maybe because I don't really have huge amounts of capital, so I need to be a little cautious. Your situation may vary.

If renting and buying a place that is equivalent to your rent, well, that's whole different issue compared to buying for investment. Still, there's no harm in waiting for after elections - one or two months of rental just to see the state of the property market after elections is really not a difficult choice to make. It's certainly what I would advice - although of course others may have a different POV.

So I guess now majority is in agreement that there will be a slowdown and slight drop although disagree on which sectors most affected and how severe right? Because it seems like from your last question - I think you believe so too......

simple. toyota camry is a rly bad car for 150k

You thought you are playing monopoly?

Play in stock market with your same methods maybe la coz volatile enough.

Play in real estate with this, how many years you have in your life?

No matter how bad you think a Camry is, I doubt you'd rather pay the seller and the bank interest rather than getting the car.

It's precisely because we don't have that many years in our lives that one should be very very cautious about buying something on 20-30 yrs loan especially when price is at record high.

You would not wanna throw 30 years of your hard earn money down the toilet because too greedy and buy in when the market is high right.

Ask the Americans how it feels like to be working hard on 2 jobs to pay off your house mortgage but the value is actually underwater....

Lol. Those Americans I know all still living comfortably.

Look back this post and your post after 30 years from now. You will be laughing why you said so.

This post has been edited by kh8668: Mar 18 2013, 10:22 PM

Are you sure about this? Any data?

So kiasi how to earn big money
The way you think make me recall bought my 1st property in 1999

This post has been edited by zuiko407: Mar 18 2013, 10:27 PM

Data will only available after 30 years from now.

Kiasi ppl or too conversative hard to be flipper @@

One of the lawyers that handled my snp also said my snp will be ready in 1 week (it took him 1 month to contact me to ask me to sign)

Things are like that.

Definitely we will not go to hair salon to buy bihun soup.

This post has been edited by kh8668: Mar 18 2013, 10:49 PM

Appreciate your compliment. One thing I learn the hard way from the 3 years writing blog is that most readers like to ridicule honest analysis

What I have seen happened with family in 82' and 97' really a nightmare that I vow never to see it from my home.

Been in this industry since early 2000 and consider myself not lazy spending spare time to learn finance and economics. All I can tell is assets class opportunity is always moving from one to another from time to time. Real estate in Malaysia is near its end at least for mid term.

Thus, I sold most last year and urging close friends and family to realize profit first. I walk my talk. Always believe paper 'profit' is just a mirage. It is like masturbation, period.