V11 - Property Prices Discussion, Intelligent debates only pls
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 Jul 17 2013, 04:25 PM
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#101
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1,801 posts Joined: Aug 2012 
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QUOTE(Rooney1985 @ Jul 17 2013, 04:14 PM) That's why don't take on too much debt... else you'll have no more money to live life to the fullest and you'll be worrying about paying off your monthly installments month in month out. I worry more when bank don't give me loan anymore.......  Like I say before..... If bank is willing to give me loan of hundreds millions now, I'll take without hesitation..... Unless u think bank give loan without accessing me?......  |
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Jul 17 2013, 04:56 PM
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#102
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1,801 posts Joined: Aug 2012
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QUOTE(Rooney1985 @ Jul 17 2013, 04:36 PM) Its for your own good. I'm sure if you're financially capable bank will give you a loan, they need to make money. So why worry... don't worry la, cannot get loan don't buy lo... see, no fear no worries. Exactly! So there is no worry when bank give loan to u!If my Rule of Thumb: #1 Live life to the fullest..... #2 Always be Happy..... Together with this quote of mine..... If it is a problem, there is a solution. If there is no solution, then that is not a problem. It is call a Fact. So why fear or worry? |
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Jul 17 2013, 05:04 PM
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#103
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1,801 posts Joined: Aug 2012
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QUOTE(tikaram @ Jul 17 2013, 04:38 PM) bank u give u loan one.... bcs bank officer need to show every year loan growth that much .... ...later can realised some interest income..... and ... so that at the year end got big bonus... good increment. So basing on what u say, Msia bank give loan without accessing individual financially stabilities?? bank officer don't care one la.... they are too big to fail... got tax payer to bailt them up ma...if fail or if not ... it is shareholder money worst come to worst.  now u see again.  Thou, I don't deny there are cases where ppl forge doc..... But that doesn't means u can get any amt from bank anytime u like.... And anyway such cases I regard it as 'cheating' or 'conning' cases..... If u got so strong connection to bank, able to get hundreds of millions without accessing my financial stability and yet u are afraid to take..... Then refer that to me..... I'll use my name to take, RM500mil, u'll get 20% 100mil for the connection!! No need to scare here worry that.....  This post has been edited by AppreciativeMan: Jul 17 2013, 05:08 PM |
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Jul 17 2013, 05:07 PM
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#104
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Senior Member
1,801 posts Joined: Aug 2012
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QUOTE(Rooney1985 @ Jul 17 2013, 05:02 PM) Totally agree with your points. If you find a property that you like but the price is too high and you can't get a loan (problem), don't buy (solution) - no fear, no worries If you find a cheaper property that you can get a loan for but don't like (problem), don't buy (solution) - no fear, no worries Whatever context in this forum or post, u can also link to "don't buy''....  |
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Jul 17 2013, 05:23 PM
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#105
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1,801 posts Joined: Aug 2012
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QUOTE(Rooney1985 @ Jul 17 2013, 05:13 PM) It's about time This post has been edited by AppreciativeMan: Jul 17 2013, 05:24 PM Anyway that's the solution right? feel free to give a better solution to the below scenarios. you like a property but can't get a loan... how to buy??? so only way is don't buy ... solved It depends on whether is it too far to reach or not..... Sometime it may be due to some minor factor that causes bank reject....  you find a property can get a loan but don't like the place... and you still buy??? so you buy something you don't like??? then everyday you tell yourself I pay hundreds of thousand for something you don't like... no right??? so solution ... you don't buy.... solved This is definite!  you find a property that you like, and you can get a loan then you buy lo... solved If u added this earlier then u don't sound so discouraging or bias mah..... Its not about linking to "don't buy"... its facts are simple to tell... its lies that is difficult and gets more and more difficult to cover. |
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Jul 17 2013, 06:03 PM
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#106
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1,801 posts Joined: Aug 2012
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QUOTE(Rooney1985 @ Jul 17 2013, 05:31 PM) Whether big or small problem that you can't get the loan is still can't get... if you can fix it, then it means you can get... so if you like the place then buy la. Personally, i hav never encourage ppl 'dont buy' before..... Neither do I encourage ppl to BBB without consideration...It's the given la, you like the place and you can get a loan then you buy, that's what everyone is doing now no??? The problem is, for the amount of loan people can get, they don't like the place... so how? don't buy lo... very simple. no fear, no worries. My point is simple..... Nobody reads the future for sure..... the fear and worry in most ppl is...... what IF i 'dont buy' now, price dont drop, and still goes up, that will be even more difficult or impossible for them to get it in future. And this has been 'a fact' for many ppl........ If now is a 'problem', in future it may become 'a bigger problem'....... If I can't fix a 'problem' now how am I able to fix that 'bigger problem' in future...... Unless u hav a 'solution' for ppl even if price went higher they still can get a prop..... Then u say 'don't buy' now lor.... Another reason I can't advise others because .... I can be a 'show hand' man..... Not suitable for many...... This post has been edited by AppreciativeMan: Jul 17 2013, 06:04 PM |
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Jul 17 2013, 07:10 PM
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#107
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1,801 posts Joined: Aug 2012
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What else can we argue in such a forum? It's definitely only buy or not buy only......
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Jul 17 2013, 07:12 PM
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#108
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Senior Member
1,801 posts Joined: Aug 2012
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QUOTE(accetera @ Jul 17 2013, 06:59 PM) Buy property for own stay... there are still many people who can just barely afford and had not owned any real property. Let them buy to stay as they had to do so. If yield in Msia is moving towards 1-3%..... Investors will sooner or later starts to accept it.... And most likely the interest rate will goes down even lower..... We have to be mindful that Malaysian rental yields are dropping and I would say that target market in the future is mostly yielding between 1-3% only. I know not many old timer investor could accept such low yield. Good time to refinance prop...... This post has been edited by AppreciativeMan: Jul 17 2013, 07:14 PM |
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