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 V10 - Property Prices (Up, Down or .....), and the debate goes on and on and on ...

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SUSworgen
post Mar 24 2013, 08:54 AM

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QUOTE(tat3179 @ Mar 24 2013, 08:16 AM)
Mr Zuiko, in the first place why should anyone trust some strangers comments in a forum blindly?

Is anyone proclaiming a gospel truth here? Or do you think your people is proclaiming the absolute truth and the prices will NEVER correct like so religious nut tongue.gif ?

Did I join a brotherhood of monks that I must swear not to do anything? Since when do I need approval or trust of anyone in order to voice my opinion really, like you?  I don't care what you think nor do I care what they think of me.

Everyone buys or not buy for their own reasons. I buy doesn't mean I think that the prop market is not unsustainable.

I buy because I think I could stand the risk at the long, long term.

But I still think that most prop market is too high and unsustainable and due for correction, steeply in some areas.

Already my rental yield for this prop is less than 6%, the yield is not attractive really, but I buy it because I like the building and area and intend to hold it at the long term.
*
Bro, no need to explain panjang lebar to justify reason to others. You already bought it and for long term. Not to flip. Its absolutely fine whn you can afford and like it even price on high side. Many caught by surprise whn a hardcore fr DDD camp out of sudden announced bought one recently. Some feel betrayed. Some cant digest it but they will be fine. cheers. smile.gif
TSkochin
post Mar 24 2013, 09:12 AM

I just hope I do!
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QUOTE(tat3179 @ Mar 23 2013, 09:41 PM)
I still do. In my opinion, props in kl city centre, mont kiara and damansara are insane.

And I NEVER said that I won't invest. I just said I won't touch anything more than 500k with a barge pole. biggrin.gif

Which is true. I only bought it as it is only 410k @ 617 sq feet.
*
I cant make up my mind......
Whether to laugh or to cry.....
Probably i would do both......
And i am also undecided .....
To congratulate you or to offer my condolences....
Nevertheless, i admire your honesty...
Salute!
ManutdGiggs
post Mar 24 2013, 09:22 AM

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QUOTE(kochin @ Mar 24 2013, 09:12 AM)
I cant make up my mind......
Whether to laugh or to cry.....
Probably i would do both......
And i am also undecided .....
To congratulate you or to offer my condolences....
Nevertheless, i admire your honesty...
Salute!
*
+10
zuiko407
post Mar 24 2013, 09:34 AM

Look at all my stars!!
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QUOTE(kochin @ Mar 24 2013, 09:12 AM)
I cant make up my mind......
Whether to laugh or to cry.....
Probably i would do both......
And i am also undecided .....
To congratulate you or to offer my condolences....
Nevertheless, i admire your honesty...
Salute!
*
+100
Good morning everybody
SUStat3179
post Mar 24 2013, 10:06 AM

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QUOTE(kochin @ Mar 24 2013, 09:12 AM)
I cant make up my mind......
Whether to laugh or to cry.....
Probably i would do both......
And i am also undecided .....
To congratulate you or to offer my condolences....
Nevertheless, i admire your honesty...
Salute!
*
Thanks.

Besides, it is fun trolling u bbb fellas once in a while.. tongue.gif

What to do, I am the type who don't drink, womanize, smoke, buy fancy gadgets, drives a 7 year old car and can't bear to spend money on hobbies and just love to save.

Trolling in this forum is free so here I am lah...good cheap entertainment.... biggrin.gif
EddyLB
post Mar 24 2013, 11:55 AM

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QUOTE(kochin @ Mar 24 2013, 09:12 AM)
I cant make up my mind......
Whether to laugh or to cry.....
Probably i would do both......
And i am also undecided .....
To congratulate you or to offer my condolences....
Nevertheless, i admire your honesty...
Salute!
*
+1

The feeling is like arguing with someone who strongly condemn gay, but later confess he has turned gay himself, and still argue with you "i never say i will not turn gay...." laugh.gif

This post has been edited by EddyLB: Mar 24 2013, 11:57 AM
cranx
post Mar 24 2013, 12:24 PM

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QUOTE(tat3179 @ Mar 23 2013, 10:36 PM)
Not impossible, but close to it.

The prices just went up too much for rentals to cover.

Me, I just buy it partly to give it to my daughter so that she may have own place to live in when she grows up.

Rental is bare minimum only frankly. Only saving grace is that it should be easy to rent out.

Even at 410k it is still overpriced. But hey, what can you do? See an opportunity and just grab it.

At least it is not that insanely high.
*
oh my, you just bought one of the most oversupply product in coming years.
how is the rental rate for similar sized units around that area?
TSkochin
post Mar 24 2013, 12:54 PM

I just hope I do!
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QUOTE(tat3179 @ Mar 24 2013, 10:06 AM)
Thanks.

Besides, it is fun trolling u bbb fellas once in a while.. tongue.gif

What to do, I am the type who don't drink, womanize, smoke, buy fancy gadgets, drives a 7 year old car and can't bear to spend money on hobbies and just love to save.

Trolling in this forum is free so here I am lah...good cheap entertainment.... biggrin.gif
*
Again u fall into a dangerous category.
Those who do not drink might become an alcoholic one day bcos he cannot control the urges.
Those who do not womanise might abandon his wife one day bcos he never experience such lust.
Those who do not smoke might become a chain smoker bcos he cannot fight the addiction.
Those who do not indulge in gadgets or luxury goods/vehicle might one day be obsessed with it.
Am not saying it would happen to you but in all things, modesty is the best policy?
Again....admire your honesty mr. Lawyer.
yehlai
post Mar 24 2013, 12:57 PM

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QUOTE(tat3179 @ Mar 23 2013, 10:02 PM)
Mr Zuiko, the down camp, which I still belong to, have a point.

Prop prices in certain areas is not sustainable, especially the new launches.

I am still taking a risk, but at a risk that I think could bear.

The bubble might still burst.
*
Hahaha.. every time when I'mfeel sad ito sure will check back this post. Then it will cheer me up again!
37 Exposures
post Mar 24 2013, 01:00 PM

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http://www.scmp.com/news/hong-kong/article...citibank-survey
jing_kohkoh
post Mar 24 2013, 01:17 PM

Let's kick some AutoBUTTs
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Vote down because the rental rate in KL city is much lower relatively against the price of the property itself compared to 5 years ago.
For example: a condo worth 300k in year 2008 can rent for rm1200 and now similar condo is sold for 550k but can rent out for rm1600-1800

the younger gen and middle class will not have enough holding power and if there is any negatve sign of economy, all middle class property will crumble. Just my opinion.

This post has been edited by jing_kohkoh: Mar 24 2013, 01:19 PM
zuiko407
post Mar 24 2013, 01:24 PM

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QUOTE(sakura888 @ Mar 24 2013, 12:42 PM)
hahahahahah, zuiko this must be for you lah.  thumbup.gif

but eddy are you saying you want to be gay ? "i never say i will not turn gay...." LOL

anyway, out of topic already...
*
Relax la, this's forum discussion only.
I like to hear you opinion about the 665psf!
tongue.gif
zuiko407
post Mar 24 2013, 01:25 PM

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QUOTE(jing_kohkoh @ Mar 24 2013, 01:17 PM)
Vote down because the rental rate in KL city is much lower relatively against the price of the property itself compared to 5 years ago.
For example: a condo worth 300k in year 2008 can rent for rm1200 and now similar condo is sold for 550k but can rent out for rm1600-1800

the younger gen and middle class will not have enough holding power and if there is any negatve sign of economy, all middle class property will crumble. Just my opinion.
*
I think now the down camp be able to answer you this
zuiko407
post Mar 24 2013, 01:40 PM

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QUOTE(kochin @ Mar 24 2013, 12:54 PM)
Again u fall into a dangerous category.
Those who do not drink might become an alcoholic one day bcos he cannot control the urges.
Those who do not womanise might abandon his wife one day bcos he never experience such lust.
Those who do not smoke might become a chain smoker bcos he cannot fight the addiction.
Those who do not indulge in gadgets or luxury goods/vehicle might one day be obsessed with it.
Am not saying it would happen to you but in all things, modesty is the best policy?
Again....admire your honesty mr. Lawyer.
*
Those who do not buy might become most BBB in the market
AppreciativeMan
post Mar 24 2013, 01:50 PM

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QUOTE(tat3179 @ Mar 24 2013, 08:20 AM)
I still bet that it is not easy to rent mont kiara props as compared to props in subang.

Otherwise, there wouldn't be darkness in many units of condos there like I observed.

The developers have overbuilt and priced the props there too high to absorb all the expat demand like you mentioned.

Mont kiara is still overpriced.
*
Still don't understand.....
doh.gif doh.gif doh.gif
I can confirm... 纸上谈兵
U are full of thoery but with limited physical knowledge.... BBB more U'll start to learn more.... tongue.gif tongue.gif
AppreciativeMan
post Mar 24 2013, 01:52 PM

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QUOTE(EddyLB @ Mar 24 2013, 11:55 AM)
+1

The feeling is like arguing with someone who strongly condemn gay, but later confess he has turned gay himself, and still argue with you "i never say i will not turn gay...."  laugh.gif
*
+1
thumbup.gif thumbup.gif thumbup.gif
SUStat3179
post Mar 24 2013, 03:16 PM

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QUOTE(kochin @ Mar 24 2013, 12:54 PM)

Again u fall into a dangerous category.
Those who do not drink might become an alcoholic one day bcos he cannot control the urges.
Those who do not womanise might abandon his wife one day bcos he never experience such lust.
Those who do not smoke might become a chain smoker bcos he cannot fight the addiction.
Those who do not indulge in gadgets or luxury goods/vehicle might one day be obsessed with it.
Am not saying it would happen to you but in all things, modesty is the best policy?
Again....admire your honesty mr. Lawyer.
*
Bah, this is the internet. Modesty is not a required trait here.

All BBB guys like yourself also act as if they are property tycoon or the next donald trump also wut....

Yeah, I am dangerous. Very dangerous. biggrin.gif
SUStat3179
post Mar 24 2013, 03:17 PM

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QUOTE(AppreciativeMan @ Mar 24 2013, 01:50 PM)
Still don't understand.....
doh.gif  doh.gif  doh.gif
I can confirm... 纸上谈兵
U are full of thoery but with limited physical knowledge.... BBB more U'll start to learn more....  tongue.gif  tongue.gif
*
If I BBB more I might fly out of building more when the downturn hits...who knows leh? biggrin.gif
SUStat3179
post Mar 24 2013, 03:21 PM

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Seriously, a cautious guy invested in a good location buying below market price prop within his financial capabilities all you BBB people are so excited already?

You guys must be worried about the down turn huh? Until you need to seek validation in your investments everywhere....

Comeon, when I invest in stocks or unit trusts also I am mentally prepared for any losses to come lah....so many of you BBB people as so despo and unsecure about your investment until use analogies like gay to make you guys feel better in forums meh?

Better don't investlah like that...biggrin.gif sheesh....
ManutdGiggs
post Mar 24 2013, 05:44 PM

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QUOTE(tat3179 @ Mar 24 2013, 03:21 PM)
Seriously, a cautious guy invested in a good location buying below market price prop within his financial capabilities all you BBB people are so excited already?

You guys must be worried about the down turn huh? Until you need to seek validation in your investments everywhere....

Comeon, when I invest in stocks or unit trusts also I am mentally prepared for any losses to come lah....so many of you BBB people as so despo and unsecure about your investment until use analogies like gay to make you guys feel better in forums meh?

Better don't investlah like that...biggrin.gif sheesh....
*
Below market price or below asking price??? Quite a number of d camp dunno how ro differentiate tis.

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