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 V11 - Property Prices Discussion, Intelligent debates only pls

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Rooney1985
post Jul 16 2013, 09:10 AM

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QUOTE(barbabas @ Jul 16 2013, 09:01 AM)
[attachmentid=3537447]
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Its only proposed, not confirmed... but will be interesting to see the impact (if any) of this news especially on those who have recently booked some unit(s) for investments (flipping in the short term).

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Rooney1985
post Jul 16 2013, 12:20 PM

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QUOTE(barbabas @ Jul 16 2013, 11:37 AM)
True indeed that is only a proposal. But don't be surprised shall  the proposed % suddenly become higher when they decided to announce.

There will be more 'proposal' which I believed so.

New UMNO minister don't you think he don't want to score points?
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I somewhat agree that these policy changes will take place especially the increase of interest rates (already happening in India)... just a matter how much BNM is going to allow the currency depreciation to impact the balance of payments... But careful how you phrase things, we don't want to have people commenting that you're not basing your statements on facts... Btw, thanks for the article.

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Rooney1985
post Jul 16 2013, 01:12 PM

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QUOTE(nevland @ Jul 16 2013, 12:40 PM)
i was renting for more than a year and actively looking for my first property to buy. One fine night, it was Saturday nite while browsing in mudah.my, I noticed one house at the same area of my current rented house... I give the agent the call at about 10pm... and arrange for viewing it the next day, and the next day I paid 3% deposit.. it was a steal.... at 305k... the bank valuer valued it at 340k. the house is never occupied before, the previous owner just bought and never done anything to the house... it was last year... I signed SnP in November... and been living in the house for almost two months already...
nearby new development is way beyond my reach... 20x70 landed property is going 500k and above... and at 305k for 22x75 freehold is really, really a bargain...
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Thanks for the amazing share... I think this should address some previous questions asking whether anyone bought anything cheaper than market (10% below bank valuation... i.e. >10% below market) ... Good on you! And yes, that is a very good price... Well done...

Just prepare to be bombarded with many more questions though...

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This post has been edited by Rooney1985: Jul 16 2013, 01:13 PM
Rooney1985
post Jul 16 2013, 06:47 PM

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QUOTE(nevland @ Jul 16 2013, 05:46 PM)
whatever... how are you so sure?

my house is this type http://www.propertyguru.com.my/property-li...3000-fo-2380367
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Good find man... That posting was asking 400k+ ... Good to know that you found an affordable and more importantly something that is priced to its value...

Wow my prediction on the bombardment of questions also true!!! Hehe... Know some fellas booked TTDI grove cancelled their booking cos developers changed the specs... Hmmm ... That's not very honest of them.... Lol!!!

But anyways looks like its starting with the outskirts and maybe moving towards city area?!?!?
Rooney1985
post Jul 17 2013, 09:52 AM

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http://www.channelnewsasia.com/news/busine...sts/746714.html

you don't see it? ... there it is... coming, coming...

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This reminds me of that scene that's always in disaster movies... a whole bunch of people running away from the disaster (e.g. earthquake, tsunami, etc) and some still standing there looking and asking... what is it? can't see? where? why people running? where? and then BOOM... in your face...

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This post has been edited by Rooney1985: Jul 17 2013, 10:00 AM
Rooney1985
post Jul 17 2013, 10:40 AM

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Predictable

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Rooney1985
post Jul 17 2013, 10:51 AM

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http://www.guardian.co.uk/world/2013/jul/1...tests-austerity

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Rooney1985
post Jul 17 2013, 10:57 AM

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http://www.bloomberg.com/news/2013-07-17/s...bal-crisis.html

closer to home...

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Rooney1985
post Jul 17 2013, 11:08 AM

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Better than standing on the streets and looking around and asking where? where? those are the first ones to die... See people running then run la... but don't blindly follow... must think fast, act fast if you want to survive... Sorry for being off topic... This is in respect to disaster/ alien movies...

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This post has been edited by Rooney1985: Jul 17 2013, 11:08 AM
Rooney1985
post Jul 17 2013, 02:53 PM

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Rule of Thumb:

#1 Live to fight another day
#2 Always fight when you confident of winning

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Rooney1985
post Jul 17 2013, 02:59 PM

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QUOTE(kidmad @ Jul 17 2013, 11:40 AM)
I thought the down camp are the ones always waiting and assuming things are going to be bad.. Never thought that ppl who took action fast in property purchase would stand there and wait.  biggrin.gif
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In the example of the zombie attack, the Down Camp are already waiting somewhere... its the Up Camp (or should I say those that have recently entered and not exit yet) that are not reading the signs and still asking... where? got ah? where ah? BOOM... first ones to die are always those that see it last...

You see, making money is about, taking action fast to buy and also taking action fast to sell (knowing when to exit when market is softening... like now... in my opinion)... no point buy, keep but never sell... end up with a lot of debt and empty houses only... Its like some Up camper's example of aircond coach... you managed to get on board... good... but must also know when to get off.

I love those who like to be heroes... go in guns blazing... first to die... yes a lot of glory but percentage survival 0%... Those watching appreciate their heroism but then inside thinking... this fella siau one... sometimes must use brains and think la...

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This post has been edited by Rooney1985: Jul 17 2013, 03:03 PM
Rooney1985
post Jul 17 2013, 03:08 PM

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QUOTE(kidmad @ Jul 17 2013, 03:04 PM)
Haha your imagination is good mang. And always assume. Good Job. I hope your not the down camps who have not own any property yet.  biggrin.gif
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Your hope didn't go to waste.

There's always a degree of assumption in everything we do... no?

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Rooney1985
post Jul 17 2013, 03:29 PM

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QUOTE(AmayaBumibuyer @ Jul 17 2013, 03:21 PM)
Good one.
In the zombie example, you run and try to live. Meantime the zombies are multiplying. Therefore when you start to fight, it is more disadvantegous. You should have fight when the zombies are probably low in numbers. Of course you can still win but very hard at that point.
ie Dont start buying properties when it is out reach
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Okay hero.

But please be careful in your statements... Someone here may say you assume too much... Example (as per your statements):

1. You assume zombies multiply;
2. You assume its more advantageous to fight first;
3. You assume that currently number of zombies are low; and
4. You assume that later will be more difficult to win.

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This post has been edited by Rooney1985: Jul 17 2013, 03:37 PM
Rooney1985
post Jul 17 2013, 03:34 PM

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QUOTE(kidmad @ Jul 17 2013, 03:13 PM)
Yup your right. It's fine to make assumptions man but not on serious stuff for example your field of expertise or work/task/job. Do you always work base on assumptions?
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Serious stuff or not serious stuff or whatever stuff... you always start with assumptions... therefore, you always have to assume things. At what degree of uncertainty (# of assumptions) you start acting... is a different story... So are you talking about making assumptions? OR are you talking about acting on your assumption? Two very different things... Again ... serious stuff, not serious stuff, you always start with assumptions.

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Rooney1985
post Jul 17 2013, 03:57 PM

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QUOTE(AmayaBumibuyer @ Jul 17 2013, 03:46 PM)
Emm based on the movies based on zombies, those are not assumptions. Actually for number 4, you might dont win, you just lose.
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Wow! based on movies, based on zombies... is an assumption. rclxms.gif

In my opinion, still better to live and fight another day... If based on movies and follow your assumptions... there wouldn't be any movie to watch because all will fight at the start and the movie will end after 20 mins tongue.gif So therefore, based on movies... most movies survival rate is highest when you avoid the first confrontation... unless of course you're the person playing the smallest role... the one that dies first.

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Rooney1985
post Jul 17 2013, 03:58 PM

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QUOTE(kochin @ Jul 17 2013, 03:47 PM)
Fixed  tongue.gif
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Kam sia biggrin.gif

I like to make sure I take all opportunity thus the "always"

ROFLMAO... whistling.gif

This post has been edited by Rooney1985: Jul 17 2013, 03:59 PM
Rooney1985
post Jul 17 2013, 04:08 PM

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*deleted*

This post has been edited by Rooney1985: Jul 17 2013, 04:12 PM
Rooney1985
post Jul 17 2013, 04:14 PM

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QUOTE(AppreciativeMan @ Jul 17 2013, 03:59 PM)
Rule of Thumb:

#1 Live life to the fullest..... What's the point of living jus to survive?
#2 Always be Happy..... What's the point living in fear and worry?
laugh.gif  laugh.gif
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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.

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Rooney1985
post Jul 17 2013, 04:23 PM

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QUOTE(jj2themax @ Jul 17 2013, 04:19 PM)
I bought a landed prop end of last year for own stay in sub sales. Manage to get 15% below bank value, but the prop needs some renovation done for sure.

Was wondering whether should I sell another prop I have which was bought 8 years ago. Still got a bit of loan left, thinking of settling it in 2 years. Is it better to sell the one I'm not staying?

I also don't like the idea of too much debt.
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Wow congratulations on your purchase!!! and thanks for sharing with us that you bought one BELOW bank value... (which most of the time is either less than or equals to market value)...

As for your question. I think its best that Up campers share their view...

Thanks again for the share!

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Rooney1985
post Jul 17 2013, 04:36 PM

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QUOTE(AppreciativeMan @ Jul 17 2013, 04:25 PM)
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?......  laugh.gif  laugh.gif  laugh.gif
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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.

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