Answered 'no' without reasons... just curious on his approach... I.e if he is a believer of always up, then why is he not buying? If he is looking for fire sales (i.e. below market) then does this mean that he is taking precaution against a potential down market in the near future because buying fire sale will give him a buffer to work with.... No answers so I don't want to assume but I find it surprising that an ardent UP camp member that believes that prices will only increase has sold his low-end units and not bought anything yet this year... if prices only go up then should buy now else you'll miss out... It can't be the case that he can't obtain loan because apparently he is a property tycoon and also the fact that he already exited on two or three (I can't really remember and I'm lazy to check) properties so shouldn't be a problem... so a big question is WHY hasn't one of the strongest believers of UP market bought anything this year??? Very intriguing, is it because this UP camper feels that prices will decline? I don't know... I look forward to his sharing.

Its a kiausu investor looking to exit boleh-land, my relative working/ pr in kiasu-land and dealing with him for the past week... I'm also interested in the reason why this kiasu investor is willing to exit at that price too... hopefully he got other friends like him that I can know... anyway I'm already on waiting list (for 2008 price) cos other units' asking is way higher but no takers... we see.

I think he'll be leaving soon... sigh... there goes MU's talisman.

But you still haven't answered why you haven't bought anything this year??? LoL!!! Are you waiting for fire sale units (i.e. below market) cheap stuff, that why you're always busy asking everyone whether got cheap stuff so that you can swoop in and steal the deal???

btw the after you answer the question above (ask three times already but you still avoiding... sigh)... whats the net of the 100K that you make ah? curious after all transaction cost... LoL.

This post has been edited by Rooney1985: Jun 7 2013, 03:49 PM

No la... he's been asking so many questions, so must help him out and give him a break from asking questions... now his chance to answer questions but after three times of asking... still no reason... just always last year and year before and those cases also are fire sales and another interesting thing is both years also secondary market purchases... hmmm... ... ... wonder why... hopefully 406 can shed some light on this.

Relax 407, its okay... if you don't want to answer its fine, but I think I can pretty much figure out your approach... pretty merciless huh? Just wondering you always say price will go up, you cashed out already but not buying so keeping your money in? FD? pillow? lol... I would always expect UP campers to say buy now cos tomorrow price up but you're not buying although you have some cash in hand... and that's when I realise your approach from the two examples and said its pretty merciless.... rofl... good... so if you do buy any in the future at market or above market please do share okay? Thanks in advance... lol!!!

I bet, you're drooling over my relative's target... lol!!!! Sorry can't share and won't.

This post has been edited by Rooney1985: Jun 7 2013, 04:27 PM

Aisey, 407 I'm not interested in you or your targets or your props la.. just wanna teach you a lesson since you ask others so many times please share this and that, so I ask you back the same question... unfortunately you fail to reply with reason instead tell me about last year, year before but not why you didn't buy this year and why you didn't buy market or above market properties since UP campers believe anytime is a good time to buy, but buy fire sales units... rofl...

5-10% is not cheap yet... percentage is just a marker for me... the target is which year of price it drops to as an indicator of rock bottom of whether it will still drop... Already some in the market showing this sign but very very few and must have good contacts to find.

I don't think I have complained in any of my posts that I'm not able to buy because prices are too high... my opinion is that prices are peaked and it is not a true reflection of the value of the property but only a result of speculative activities and I foresee correction... So please don't misunderstand my statements... lol!!! And of course I always say, if you feel price will continue to rise in the near future then please buy now... lol!!!

Chill la 407... I hope you learn not to always ask questions that when posted in reverse back to you, you can't answer... LoL!!!

Its Friday!!! relax and go for happy hours... and some nice young girls ... enjoy life... lol!!!

I think some down campers can afford current prices, just that they don't see that the current prices is reflects the value.

Agree to a certain extent... some or many here may be blow water... I get the feeling that those that act very similar to agents are those that most like blow the most water... lol!!! Be very very careful of what people say and advice here...

Agreed on the above too... Everywhere there is news about cost cutting... (downsizing the fastest way)... there is definitely going to be repercussions on the property market. I don't know whether it's just me or lately I realised a alot more properties for sale!?!?! People looking for exit??!?! My advice, price reasonably or you may just be on the luxury aircond bus forever, destination HOLLAND! LMFAO!!!

Just got off the phone with one of my contact (in insurance)... and he shared that things are not doing well in boleh-land's economy... many businesses are feeling the tight cashflow... their banking counterparts shared that there are already young couples that entered the property market are facing difficulties now as their expenses increase due to have children and they can no longer afford the monthly instalments... hmmm I wonder how widespread the above is or maybe just pockets now... but later might be worse.

I was quite shocked to receive this call and information like this as well... I thought it was more of like, "Lets meet up for drinks" instead it was "bro, careful with investments now especially properties, times are bad, businesses aren't doing well. Yes, property prices are going up, but who's buying? No one." Hmmm... anyway take with pinch of salt la... he's not god right? lmfao!!!

pinch of salt... pinch of salt... you know, I know and a whole load of business men and professionals out there also know... but low profile better else kena virtual attack by property agents here trying to earn a living... lol!!!

Normally when statements are not directed at a person, but they suddenly reply with some defensiveness, that person tends to fit those statements... lmfao!!! My opinion only la...

I think whether you say it out load (i.e. calling someone water-fish) or not is irrelevant. Its more about whether you think it and feel it inside that's important if you wanna talk about karma... Those of you who accept this perspective have a lot of self-reflection to do especially those dishonest agents, flippers who wanna make a quick buck, staff of developers, etc, etc ... no?

My opinion only...

Thanks... btw, I'm not born in 1985... But its interesting from a karma point of view... which is worse 1) a person who says it out loud (i.e. water-fish) or 2) a person who thinks it to himself/ herself but doesn't say it out and pretends to be one with good karma and criticise those that say it out loud ??? Interesting question to think about while we see how the market it headed...

Apologies for dwelling on the Karma subject.. I think its very related to what we do everyday... not everything is about money and lifestyle.

Anyway, wow whats up with the stock markets these few days... all red!!! Hmmmm... impact on property market?

This post has been edited by Rooney1985: Jun 13 2013, 10:01 AM

Its always good to have disagreements, gives a different angle to things to help it towards perfection... There is truth in what you said. In the context of the water-fish example... the act has already been made and therefore, the victim is being tagged as a water-fish, if the guy didn't buy he wouldn't be a water-fish...
What you related above is the stage before you perform the act which might just save you from ill-karma... whereas what we are saying here is the ill-act being committed, whether you say it or not... its still ill karma...

You're not wrong and neither am I (at this point)... we're talking about different things although both related to Karma...

Fingers crossed, not leaving Man U...

This post has been edited by Rooney1985: Jun 13 2013, 10:11 AM

Well I'm sure property experts here have their own approach to answering your question ... and may be skewed towards more foreigners coming into buy boleh-land properties. I guess you can apply that to the JB where singaporeans tend to flock but in terms of KV dont think so...

If we think economics, the results may be worst... RM dropping is a sign that the economy is weakening therefore may lead investors to cash out of the country, when this happens interest rates will increase due to lack of funds... not to mention, it costs weaker economies more to borrow in global markets... With this in mind and looking at how highly geared boleh-sians are, this might be the spark to a debt crisis in boleh-land... prices of imported goods most likely increase and revenue from exports drop... already with over-reliance on the domestic market (which I feel is already saturated) and if currency drops together with decline in exports (due to slow-down in China and Europe)... doesn't look good at all for boleh-land...

Any disagreements are welcomed...

World Bank warns of shock to debt-laden emerging economies as global liquidity is withdrawn

http://business.financialpost.com/2013/06/...y-is-withdrawn/

Actually, this is for those who are planning to buy to consider wisely and thoroughly before making a big commitment in their lives.

Another similar sounding new joiner...??? Chill and relax... I hope you get your loan from R*B...

Maybe you can follow some gurus' advice here... go for those high-end properties with DIBs and low down-payment then get mother, father, brother, sister EPF all put together, then add in auntie and uncle as guarantor to secure loan... I'm sure chances of playing high end will be there... LMFAO!!!! Oh forgot, then 3-6 months before VP quickly flip (to the long queue of foreigners waiting to buy) for huge profit... Run this cycle 5 times and you're on your way. LOL!!! Btw, if miss one exit cycle, then say bye bye...