Funny. Calling someone racist for calling out a racist policy.

If you read my post carefully, I did not say flip. I said rent out.

Imagine you get bumi lots for considerable discount imagine the ROI from your return due to your inherent advantage. As for flipping, well look at this way. There are no official policy that stops you from buying non bumi lots while I the non bumi, cannot bumi your bumi lot and take advantage of the discount dished to you.

So who is getting a better deal here?

And I just love it that all when bumis fail in business it must be due non bumis control of the market. Guess what, non bumis compete against each other like hell too. You think they only whack their bumi competitor only ah? You also assume that non bumis are all born rich and middle class or born with business acumen naturally by birth.

I got news for you. Non bumis also fail in business when they venture into business. Hell, when we fail, there ain't gomen out there to protect us unlike some of you well connected ones.

You think lim Goh tong, yeoh teng lay and ananda krishnan is out there ready to bail us non bumis out....?

Seriously...

Boss, very subjective. I dun think some KV areas ll do beta than penang or jb. Jonker st in Melaka is doin very well. Some Ipoh shops r doin well too. Some factories in temerloh is getting higher rental psf compare to many in rawang. Kuantan has few budget hotel perform beta than some in Shah Alam. There r oso some factories in kelantan which converted into futsal r doin beta biz than renting out. So there is no certainty in prop play. As long as u r comfortable in the area, u can somehow invest in the correct few. I hav been in prop for 15yrs but there r opportunities u missed. There r oso props tat u bot which u think r gems but turn out to b flops.

Boss, east oso hav a few areas tat I blif ll outperform KV. Of cos can't compare a 6mil bangsar rented at 25k with a 1mil likas rented at 5k. It looks like likas has the upper hand but bangsar cap appre is strong.

If looking onli for rental, likas is stil leading n might lead as well in the future in terms of %. Reason being I dun think bangsar shop ll get rental 30k even when transacted at 7mil tomolo. Then again, there r a few hot units in bangsar getting 30+k. Corner rental is even greater. Some props r for rental play n some r for cap play. Tats y u c there r some hot spot units changing hands a few times in a decade. And the demand is stil strong.

Hahaah. No gomen bail me out when my business was making loses. I sink or swim alone bro. Anyway, what makes u think non-bumi cannot buy bumi unit? U r a lawyer right? Hmm, looks like a 30 years old engineer knows the law better than u do. Please see in the context of a business entity rather than individual entity. U will see a lot of difference. Anyway talking about bumi and non bumi are lame anyway. My family consists of both. Even i am not 100% bumi. Please do read my comment on asb earlier. Limit is there even for bumis

This post has been edited by AMINT: Mar 31 2013, 09:57 PM

+1

I vote for up up up..

Manutdgiggs boss thanks for sharing so much, I am from east bolehland controlled by white hair, most of the property here onli have 60 yrs lease , old property left only 40 yrs lease that is why keep thinking of moving my assets to west bolehland but west bolehland so big dont know where to buy .like apartment shop we dont have it here so I m not familiar with this type of property.i guess rental here
also lower eg.3 sty shophouse cost 1.6m rent only 5k.

I just wanna say although we may not always see eye to eye on property market, AMINT is a good guy. At the very least he is smart, hardworking and not the typical rent seeker type of mentality.

Malaysia would be much better off if more people, bumi or non have the same mentality as AMINT. Although not for property la hahaha maybe we may go bankrupt

Hahaha. Even though we might not always agree to everything, i would just like to say thanks.

Yeah, good luck trying.

I know they are some cases where they could suceed, but majority of them fail during appeal to the state gomen after 3 appeals, unless that bumi happen to have finre optic cables. Oh, there is no point for nons to buy bumi lots because, guess what, non bumi have to refund the discounts offered to the bumi in the first place, if it is approved. In effect, even if you could buy, you are buying full priced props. And guess what, loads of props nowadays are leasehold and not freehold.

So tell me lah what advantage do we have?

So yeah, I advice you 30 year old engineer stick to preventing cranes falling onto passing vehicles instead commenting onto areas where he got no experience at all okay?

Point is, stop thinking that non bumis have it easy and made in the business world. A lot of us have to comes from poor family and have to work our ass off to climb the social ladder.

Uncle lim and gang does not give us non bumi discount so that we could buy good props, okay?

Also, do you enjoy bumi privilegeif so, congrats, you are bumi. There is no such thing as you are not 100% or 50% bumi.

Actually, we are all rent seekers here....we all buy props to rent out don't we?

Look, I don't blame AMiINT and I appreciate that he work hard like us nons.

I too realize that bumis too don't have necessarily have a good time here...

I just want to correct his misconception that all non bumis are born with a business acumen brain or a family of merchants.

And I also appreciate that Haizairi realize that not all of us has the privilege of parking into inflation beating fund that is totally protected by the gomen and taxpayers....

I want to share that 2 people was wrong @ bumi luck post. That 2 up camp start with Manut & Amint....

Please don't fool people in forumn la.

Bumi cap in ASB is 200k, Bumis aslo have many others fund tabung haji, asn, angkatan etc... if combine wife, children and etc... tak habis makan la.

See how the 200k cap turn into 2 mil. How can we, chinese got this type of luck?

I am taking 9% return. You know i know some year asb got higher return.

Amount
Age - 200,000.00 Initial Investment
21 -218,000.00
22 - 237,620.00
23 - 259,005.80
24 - 282,316.32
25 - 307,724.79
26 - 335,420.02
27 - 365,607.82
28 - 398,512.53
29 - 434,378.66
30 - 473,472.73
31 - 516,085.28
32 - 562,532.96
33 - 613,160.92
34 - 668,345.41
35 - 728,496.49
36 - 794,061.18
37 - 865,526.68
38 - 943,424.08
39 - 1,028,332.25
40 - 1,120,882.15
41 - 1,221,761.55
42 - 1,331,720.09
43 - 1,451,574.89
44 - 1,582,216.63
45 - 1,724,616.13
46 - 1,879,831.58
47 - 2,049,016.43
48 - 2,233,427.90
49 - 2,434,436.42
50 - 2,653,535.69

This post has been edited by tikaram: Apr 1 2013, 08:16 AM

brother i have used this chart before "teach" that Cherry.
Glad to know someone read the economist. i agree this is a very good info. look like not many people appreciate the economist/ read economist but talking BS here. ( like this Mod. Cherry)

if you read the economist. Year 2000 to Year 2005. It always cover malaysia as part of the statistic. But since 2006 onward. Malaysia slowly being replace by Brazil, Indonesia.

But Singapore is always part of it. Malaysia is always around 50% worst. You do the calculation la.

bolehsia. In my opinion is 75% near Singapore level on this property things.

This post has been edited by tikaram: Apr 1 2013, 08:29 AM

When I see lawyer tat complain about bumi privilege, I didn't notice anything. But when tikaram also join in, I suddenly realise the the DDD camp has many complaints on the existing environment. You guys can't accept the environment you live in and keep moving on.

When the property market in BBB mode, they don't accept and voice out their displeasure. Others will just buy/sell based on the given current environment, and live happily

Same goes for bumi privilege. It is part of the historical legacy. It will go away naturally when the bumi progress in time, maybe 20-30 years from now. But this is a political discussion for RWI

If a specie of animal can't adapt to the eco system, the specie will just extinct. However much the animal complains, it won't help in its extinction.

Successful person will work around. Loser just complain

This post has been edited by EddyLB: Apr 1 2013, 08:34 AM

Guys, i never said non-bumis are born in business family and never have to work ass off to be successful in business. But what i said was it is not really easy for bumis too le. Tikaram, yeah can put in ur children's asb but all limited to rm200k per person what?! Asb loan pun only limited rm10k for children. Please dont tell me to make more babies just to bank in rm200k per person. Everybody has challenges le. Anyway if u really wanna know how to convert to bumi, pm me ler. Not so susah le. If u wanna buy bumi unit without having to pay back the bumi discount also, pm me ler. Dont expect me to give free advice though unless i like u. I have always been trying my best to manipulate the current system. And for non bumi who wanna make 0.5% more than FD, pm me ler. We can work together.

This post has been edited by AMINT: Apr 1 2013, 08:51 AM

I am not complaint. I am just sharing ... please refer to waht i wrote " I want to share that 2 people was wrong @ bumi luck post. That 2 up camp start with Manut & Amint...."

I also wanted to share. Those poeple saying how one day our epf will bailout the asb.

see below self explain comparison. this is a fact again I am not complait here.

If I complaint. This is also my right mah. As my epf will fund the govt link things anyway.

This compuatation. Initial @200K at age 21 EPF return 6% VS the ASB 9%. At age 50. asb earn 2.653 mil vs epf 1.148 million. ( further the epf money maybe will bailout asb)

EPF 6%Amount vs ASB 9%Amount
Age - 200,000.00 vs 200,000.00
30 - 358,169.54 vs 473,472.73
35 - 479,311.64 vs 728,496.49
40 - 641,427.09 vs 1,120,882.15
45 - 858,374.14 vs 1,724,616.13
50 -1,148,698.23 vs 2,653,535.69

In malaysia. Sucessful person can be no need to work around.

Syed Mokhtar Al-Bukhary : 6th richest Malaysian.


This post has been edited by tikaram: Apr 1 2013, 09:10 AM

Tika trauke, read my post carefully. I was chatting with 3179 on our own. Did I sound like started the bumi topic. Lets b fair. If u dun like me, just b it. Afterall tis is forum. I respect all here unless u dun like it.

Hav a nice day boss.

Cool boss. Lets put a stop to this. Mod ll nvr allow RWI discussion here. V just hav to move on.

I am sharing the 200k notes that you put.

200k husban, 200k wife, 200k son, 200k daughter,

wow . 800k become : 10.61 million.

this is just asb. some more got other tabung haji, angkatan , asn, this and that.

see the fact? 800k become 10.6 million. Guarantee ( if bailout many people saying bailout by my money in epf)

i am bring this on the tat post on rent yield. we need to work so hard to get that 6% rent yield and self contribute into epf. one day have to do the bailout some more from our epf.

This post has been edited by tikaram: Apr 1 2013, 09:26 AM

lets talk about this more

the asb 9% yield and the 6% rental yield.

Pls do note tat 200k is mentioned by ur buddy Mr. Hai. Not me.

Pls read carefully.