Btw thanks for copying and pasting the articles... good reads... but what do you think is going to happen and the impact on boleh-land in the next 6 mths/ 12 mths?

We already know posting comments here really don't tell whether they're really Up/Down camp inside... I've been reading a lot of Up campers' comments about how great MRT is, design, lifestyle concepts, etc, etc... but I've never seen all those who talk so much share what they have bought... I know 407 sold some props (low-end) and still hasn't entered the market with the proceeds... other Up campers entering market? Seriously? none?... and I'm just curious... But its okay, if Up campers don't want to share its fine... was just hoping that they put their money where their mouth is... unfortunately... zip... zero... nada...

It'll be good to share and spread awareness if they really feel that prices will go up, then share with those reading here where they bought... it also works in their favour cos more people will rush to buy there and push up the demand there no? However, all I'm seeing is... oh this launch here, that launch there, oh how many % and how many % are sold out... but ZERO Up campers saying... hey, this launch is good, I've picked up two units... (some photographic evidence would be good as well, you want to convince people to sustain the market no?).

Still waiting for Up camp gurus to lead by example...



This post has been edited by Rooney1985: Jul 3 2013, 04:20 PM

Good boy....

Good boy... this is a good start... I recommend to re-read the above instructions and include some evidence (photos) of your purchase to make it more realistic and especially since its coming from you... you know la, your statements hard to believe you... anyway... keep up the good work..

By the way, did you manage to get dictionary?

Good boy, you're welcome... as long as you're learning something I'm glad to help you... Please remember to post photographic evidence of the purchases you mentioned above else others may just think you're just all talk only (some already do and some might even think you're an agent) ... Wouldn't look nice on your buddies who supported you as well... I'm sure everyone here thinking of entering the prop market is looking forward to your evidence... Lead by Example!...

Doesn't mean that others understand your broken english you don't have to improve. Why wait... you must always seek continuous improvement

I won't print screen, don't worry. I don't know about others though.



This post has been edited by Rooney1985: Jul 3 2013, 04:52 PM

If you have nothing to hide why not? Be the bigger man and show him your German made car, your luxury watches and you properties... you must think that through your actions you're helping him... that way he can understand that yes... you're the guru and you've been teaching him the right way... if not then people will just think you talk only all hot air... you want others to support the market you have to lead the way by example! You never know, maybe he will buy near your properties and help push up your property prices? no?



This post has been edited by Rooney1985: Jul 3 2013, 05:00 PM

Please update us on whether he shows up.... and also some photos of his GERMAN car would be good, get the number plate, I'll run some checks to see if its rented... or not...

Give him a chance la... Maybe he will turn up at the event in his German car leh... with his IWC, Franck Muller or Patek Philippe and then after the event show you his properties leh... give him a chance la... but if he is a no show this Saturday... sigh... I also don't know what to say... I think I won't say anything but deep inside I know this person is full of bu11 cr4p..

I noticed also time and again... he's very good at avoiding situations instead of confronting them... I don't know why... but always the same thing, come up with some excuse and say "okay good bye" or "ok have a good day"... ... ... sigh... Make us believe you... make us believe that what you an ardent Up camper supporter... that prices will continue going up... lead by example... If you can't well ... everyone knows la... from V? until V11 you've been bs-ing everyone with your hoax stories... come on man... prove us wrong... lead the way!!! Show us which property is good investment that you also picked up.



This post has been edited by Rooney1985: Jul 3 2013, 05:20 PM

Aisey... bro... how can you do this man? why you apologise and kow-tow? You're a millionaire man, earning RM2m in 3 years with million dollar property portfolio and driving German car... Many here look up to you and your advice on how you made it big... you must share your real life experience with all of us and lead the way by showing us the real examples of how you did it... ... ... sigh... ... ... I think you let a lot of Up campers down by running and hiding... How can people believe what you say in the future? Come on bro... show us all that you're the real deal and not a person who just creates stories... Look forward to your German Car, Watches and Property reviews... Don't forget to include those props you mentioned earlier, thanks.

Whats the best fixed rate you can get at the moment?

Do a forecasted comparison for both and adjust BLR for floating rate to increase (just to gauge what kind of buffer you're playing with if the market rate changes)...

Are you looking to follow the full tenure or pay above monthly instalments?

If that's the fixed rate you're getting I'll go for fixed rate... cos BLR will most likely go up when QE is gradually withdrawn...Credit crunch!!! Yummy like cereal...

Is the monthly payments stressful on your finances? If it is, go with fixed again, this way you have more certainty on your month end balances... do check out the other terms and conditions i.e. above monthly instalment payments, penalties, etc.... just in case... Good thing to find out from your banker is the difference in interest paid compared by the different tenures... Will give you an idea on whats your best option.

This post has been edited by Rooney1985: Jul 3 2013, 05:59 PM

I hope 407 learns from your fine example above but if he still feels like sharing with all of us here, I'm sure we don't mind have a look at his ABBA files of title deeds... It will be a learning for all of us how big time property taiko here makes it big.

Totally agree.

I like the reply... its like killing two birds with one stone...

However, I do agree with your opinion... with GST implementation/ BLR increasing... yes prices will be transferred to the consumer/ buyers because in effect the cost of HOLDING properties will increase... BUT it does not mean that consumers/ buyers will have to bear the cost... consumers/ buyers have the CHOICE whether to consume/ buy and at the end of the day if that happens... who bears the cost??? With boleh-land stuck in a middle-income trap and with everything increasing in price, one thing is certain! people will consume less to avoid GST in order to absorb the increase in BLR... For those holding a highly leveraged portfolio of properties, well, this would only mean that their reserves would run out faster than planned if their properties are not tenanted out... Even if they are tenanted out, with increase in cost of living, rents will also increase therefore forcing tenants to vacate and find cheaper dwellings... End of the day, if it doesn't make financial sense to work in city areas, well people will just leave cos whats the point of working hard to pay off other people's debts (rent).

So its not the case that hey BLR increase/ GST increase is pass it on to the consumers, if consumers choose not to you buy it, you have no one to pass the increase in cost to... so you end up with high inventory and wait for bankruptcy... OR you can be the smart investor and business and cash out with a small loss rather then end up with nothing... So foresight is important, and knowledge allows us to have this foresight... I'm sure most of the people here know this, but its just human nature to be greedy. If you guys are free go watch the video documentary on Lehman Brothers... They had a chance to sell-out but they held on and on and on because they didn't believe that they would make a loss.... from 10% loss to 20% loss to 30% loss they refused to sell... until they ended up under Chapter 11 where they finally accepted a 75% loss but it was too late... everything gone...thousands of jobs lost, the same principal applies to all investments in all forms... know when to exit and don't be greedy... no one can fight the market... You just have to know when to ride it and when to stay on the sides... As of now, my OPINION is, its a time to stay on the sides.

Yes there are good deals in the market... I think this is the start... these are the investors who are not super greedy and are cashing out... and its a very very small group.... you see it takes time for people to accept increasing prices... but it also takes time for investors to accept falling values... so they'll hold on to their properties with every single penny in the savings they have because they bring the momentum that they are invincible in their investments unfortunately they are totally ignorant to their opponent... the market... again... no one can fight the market.



This post has been edited by Rooney1985: Jul 4 2013, 01:03 PM

agree to your add-ons...

Question:

1. Do you realise more and more motorcycles on the streets? I do... effects from increase in petrol over the years?
2. Low priced items (i.e your teh tarik and nasi lemak examples) have a smaller impact... I think you answered this with your first statement that high-end impacted the most and then trickles/ multiplies downwards... the determinant is what price level is considered high end? above 500K, above 800K, above 1M, above 2M? From the market info on sales of new launches can't tell us much, because these buyers have different objectives... mixture for buy for own stay (i.e. accepted new price levels) and buy for flipping (i.e. they don't really care cos they aim to flip it) so the best indicator is... secondary market... and how are sales in secondary market nowadays? From what I know... not good at all
3. Do you realise how many high-street boutiques are having sales nowadays? I remembered years back, there is no such thing, these high street outlets are luxury brands no way they're going to look cheap... now? look at the sales sign boards... HUGE!!! from a business perspective... these are tell tale signs... some people see it and think ohhhh sale lets shop... some people see it and think things aren't looking so good...

Its down to the consumer... if he can afford it the show goes on... I think majority of people have already bought into the market... GST implementation will be the catalyst... BLR increase will be the fuel to fire... we'll see...



This post has been edited by Rooney1985: Jul 4 2013, 01:27 PM

Just did a quick check on the Perodua and Proton sales figures (from motortrader)... the ratio is still around the range of 30-33% (Perodua) and 25-27% (Proton) from 2011 to 2012... based on two months in both years... So I can say your suspicions on the ratios maybe slightly incorrect. Btw, no ratio can beat the kancil's ratio at its peak... that's just a very very biased extreme view point, you know it and I know it.

Apologies, I wasn't referring to H&M and Uniglo... those I consider as low-end... I was referring to boutiques in Gardens, A|X, Coach, Hugo, etc... These were brands that you seldom see on sale 3-4 years ago.. now?

Stagnation? maybe the calm before the storm...

hopefully

House is considered a necessity when you don't have a roof over your head... just like food, if your mom cooks at home, you can eat at home, you don't have to go out and eat... Must go back look in the mirror, look at your payslip, look at your savings book and think first.

Age is not a determinant of whether you escape from the middle income trap... And it also doesn't depend on the nominal amount you earn... It depends on your real purchasing power.

No point always compare/ check with other countries... boleh-land is special... other countries in crisis, Malaysia cannot compare... other countries price all up, Malaysia can compare... ... ... Wow... speechless... good things compare, bad things, don't think about it and compare, it will disappear by itself.

True not all properties are rubbish in market... Sorry the fact is NO property is rubbish... however, MORE important is not all properties are reasonably valued... and please don't post questions like, "so what is reasonable price"... if you really want to know that go buy advice from valuers.

Yes true, rental/ price too cheap you attract lower class people... too high and you only attract ghost... so you want to live with lower class people or ghosts? Don't forget the surrounding areas... your apartment maybe expensive and got high class people there, but once you step out its like ... OMG... WTF?!?!