I don't usually look into economy data... I dislike those data, and I usually don't trust those data....
I done the calculation simply because I sees so many concern abt it, so I'm curious wat is so big deal abt those debt data..... So after my calculation, frankly I still don't see it as a big deal abt it..... it doesn't reflect a real problem...
That's why I also wants to clarify did I miss out anything in my calculation and assumption...... If there is nothing wrong on my calculation then it further affirm me those data is misleading and confusing....

This post has been edited by AppreciativeMan: Mar 25 2013, 07:00 PM

U are absolutely right!
I wouldn't mind or I shld say I wish...... I'm capable of owing bank 10mil, 50mil or even 100mil....

This post has been edited by AppreciativeMan: Mar 25 2013, 07:40 PM

Does it make a difference in the calculation answer on different number of ppl???
Nice try.....

My personal opinion,
1. Location
a. this place not really in Mont Kiara zone.
b. too near to the gov offices where u sees thousands of dispatch and others passing the place...
c. u think expat likes Mosque?
d. access, the easy access is from Jln duta, Jln Kuching side.... Although is so near to MK, but getting there through MK is not convenient at all...
2. Project - it hav quite numbers of small size units there.... So it's definitely competitive...
Lastly, I don't see the retail there is doing well in the day......

This post has been edited by AppreciativeMan: Mar 25 2013, 10:48 PM

[quote=Nepo,Mar 27 2013, 09:53 AM]Indeed, it is a very good advice.

Timing (controllable...cash standby for good time) Timing depend on wat u referring, if u jus meant 'when to invest' then yes its controllable. If referring to good timing or not, then uncontrollable because u won't kno hav u invested on the right time or not until things happen.
Patient (controllable, your character)
Courage (controllable, your character)
Knowledge (controllable,read more)
Experience (controllable, do more)
Luck (uncontrollable)
Connection (uncontrollable).. Controllable, it's abt socializing.

This post has been edited by AppreciativeMan: Mar 27 2013, 10:24 AM

Jus like an Artist, when u are famous..... Jus throw paint on wall, it'll become piece of precious Art.

If u hav an intention to meet someone then u can find means and ways to meet different ppl to reach there. If its someone u don't want to meet and u met, it's your choice to continue to get the connection going or not.
It would be like changing of character from impatient to patient, from timid to courageous.... U may go through some struggling.... U can change your circles of friends...

This post has been edited by AppreciativeMan: Mar 27 2013, 10:53 AM

U earns my vote!!
Not because u not in debt (because I'm a debt person, the more the merrier ), but because your crystal clear plan in your future and importantly..... u don't complain and u don't condemn!!

This post has been edited by AppreciativeMan: Mar 27 2013, 04:59 PM

It's easier to find desperate buyer than desperate seller.... At least till now....

In my definition,
Risktaker - a person who knows his risk level, knows the consequence when things against him/her. In most risk taker I kno and seen (including businessman/businesswoman), they are prepare to go into bankruptcy in worst scenario. And in many case, they still can live their life as normal because they'll hav channel another funds out of their name as backup funds.
For those who are not prepare for downturn, they are call - Naive.
Flippers are majorly risk taker, who knows where is their risk and they took it.
Please don't assume most ppl do not kno how to calculate risk. U don't need a Degree to calculate risk, u jus need to kno simple mathematic calculation .

This post has been edited by AppreciativeMan: Mar 29 2013, 09:52 AM

What can be more wrong if they are already prepared for the worst?

This post has been edited by AppreciativeMan: Mar 29 2013, 10:54 AM

I hav never bother to predict future market movement....
I only prepare and plan for myself things to do when;
1. Market keep going up annually 10-20%
2. Market stagnant, quiet, not much activities.....
3. Market correction, 10-20% down
4. Market clash, 30-40% down....
5. Any mishap tat require cash
6. How to enjoy myself when market up.....

Actually I'm more to disagree on using a few data and statistic to determine how the market situation... The real situation is always more detail info needed.... Everything is changing so drastically, those simple data and statistic doesn't provide any insight of situation....
Eg: From 2008 to 2012
My debt grew - 400%
Does that means I'm in trouble?
NO. Not necessary. Because....
My liquid cash grew - 600%
Does tat means I'm safe?
NO. Not necessary. Because.....
My debt in 2008 is 500k, 2012 is 2mil
My liquid cash 100k in 2008, 600k in 2012
In %, my cash/debt is 20% in 2008, 30% in 2012.... By percentage I'm doing better, by figure I'm in higher risk as i now have 1.4mil debt.
Does tat means I'm in deep trouble?
NO. Not necessary again......
2008: Debt 500k, Asset Value 600k, debt/asset 83% (real deep trouble)
2012: Debt 2mil, Asset Value 5mil, debt/asset 40%
This also means tat I'm now more sustaining to market correction!
Data, statistic tat give a general view doesn't spell out the real scenario. There are many possibilities and detail tat one have to look into.
I don't mean everybody are the same, I'm saying don't judge by a simple data or statistic, to look into real problem, there is more to it then those data.
P/s: I can still continue to change my above example to a different situation.

This post has been edited by AppreciativeMan: Mar 29 2013, 11:20 AM

Fly off from your e-tiara together la....

1. Since they're rich and with holding power, they'll continue holding it and probably purchase more
2. Since they're fully leverage, that will means they are in trouble. They'll have to cut their lost and if its insufficient then they may go into bankruptcy.
3. If u are asking on 'middle income with average down camp group' then I'll see still no action from them.
Reason 1: Prop price may be cheaper but they may still need almost the same amt (or could be more) of cash to purchase prop
Eg 500k prop,
90% LTV, cash up front 50k
70% LTV, cash up front 150k
If market has a correction of 30%, bear in mind that bank will give lower valuation preparing for the worst too..
500k - 30% = 350k, bank value will be easily 10-15% different.
If bank value 300k,
90% LTV, cash up front (350k-300k) + (300k x 10%) = 80k
70% LTV, cash up front (350k-300k) + (300k x 30%) = 140k
Reason 2: Fear. When bank gives lower value, greater fear will occur tat price going down further, or what if they lose their job at this time and etc.
4. Who knows.... Maybe it become opportunities to them.....

For which group u suggesting this?

Different ppl different definition... I see a gal as pretty doesn't mean u see the same....
The basic definition in poor, middle, rich for me is:
Poor - struggle to earn a living for those most basic needs such as a shelter, food, clothing..... Need to calculate every single penny on expenses... Hardly hav any savings...... In short, survive day to day basis...
Middle - Range will be wider.... On a job (can be self employed, businessman, or professionals), earning enough, basic need is not their most worrying but their future income, and expenses.... In short having the ability to plan for tomorrow but not to the extend of no worries.
Rich - Basically no worries about money.... Future have been taken care of too already....

This post has been edited by AppreciativeMan: Mar 29 2013, 05:59 PM

He said, 'it is never in my calculations when I buy props.'
6xx+ psf doesn't matter to him, so long below 500k. Correct lawyer??

Wonder would he buy a 500sf prop at 400k since psf is not in his concern.....

Fuyoooh.... Subject changed ya?..... I thought I clicked the wrong thread....
Ppl who complain or being negative will not admit as they are....
Jus like a person drunk... Tell him u drunk already, he'll say, "No, no... I'm not drunk"