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 V11 - Property Prices Discussion, Intelligent debates only pls

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blowwater101
post Jun 20 2013, 12:03 PM

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QUOTE(Rooney1985 @ Jun 20 2013, 11:56 AM)
Oh.. so are you implying that its not advisable to stretch one's financials? If so, then is it advisable to stretch 8K to buy a 800K property? hmmmm... biggrin.gif
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bear in mind if one spend 1k out of 3.5k net income (29%+) or 3k of out 8k (38%) is very different one le, 30%+- from net income but net free cash flow is different.

3k out of 8k net income i think is ok...have enough holding power. if the location is not bad...the area is good...why not ? bear in mind is 1st prop will occupaid for own stay in future...

thx for your practical view, i got what u mean notworthy.gif

This post has been edited by blowwater101: Jun 20 2013, 12:04 PM
blowwater101
post Jun 20 2013, 01:39 PM

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QUOTE(icemanfx @ Jun 20 2013, 01:38 PM)
Before KLIA was completed, house price in Nilai, Sepang, Salak Tinggi area was rocketed. However, after KLIA was completed, lots of these houses were left vacant for many years.
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chance of a lifetime...mayb too optimistic...

but compare KLIA with MRT/LRT development ..... rclxub.gif

KLIA only a good factor for nilai/sepang....MRT/LRT is direct enhancement of the current city

This post has been edited by blowwater101: Jun 20 2013, 01:44 PM
blowwater101
post Jun 20 2013, 05:09 PM

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QUOTE(icemanfx @ Jun 20 2013, 04:20 PM)
How many people age 25-30 have average net income of 4k? How many couples age 25-30 have average net income of 8k? How many of these couples haven't buy their first house?
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how to answer u ? I already told u I assume to conclude that it is still affordable...

by age of 28-30, earning 5k so to have 4K net income is a safe assumption i think...avg in this range...

sorry if i make a wrong assumption and confuse u guys..just share what i know and what i observed notworthy.gif
blowwater101
post Jun 20 2013, 05:22 PM

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QUOTE(icemanfx @ Jun 20 2013, 05:13 PM)
10%, 20%, 30%, 52.34%, 83.29%?
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if u read all my msg, i only mentioned i only share what happened around me, some of my fren in marriage age (27-30)...still havent purchased their 1st house, their combine income easily reach 8k-10k...still look see look see...my point is these group of latent property buyer are exist, and able to give support to the property market in future... just a sharing biggrin.gif

what i mentioned were come with assumption, same like some ppl said LRT is a vr good factor, some said depends....they debate based on certain assumption also...is up to you want to bind what they said or not wink.gif




blowwater101
post Jun 20 2013, 05:50 PM

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QUOTE(icemanfx @ Jun 20 2013, 05:33 PM)
Among your friends, how many fall into this group?
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30%-50%

dont be surprise, u guys are all active in prop forum and many veteran in prop (another assumption),mayb is hard for you guys to believe why net combine income have 8k still dont buy a property...but i think their existence is important for the investor here...

the reason why they still look see look see....

1. Believe market will collapse, dont know how to do research.

2. why they believe mkt will collapse? many DDD campers scare them off...i think what DDD campers said are make sense, but they fail to digest or interpret the message correctly...(like doct or engineer age 25-30, some of them good in their prof but not good in investment or property), sometimes ppl just alert them just be careful, prop price might fluatuate...bla bla bla...so they look see look see lo...

for example, property market price might have some adjustment in 2013, they might interpret as market might collapse in 2013...in fact...just an adjustment of -10%, they wait for 1-2years, up down up down...end up still look see look see and release that the price increased...same cycle might happen again if they dont learn & dont do research

This post has been edited by blowwater101: Jun 20 2013, 05:53 PM
blowwater101
post Jun 20 2013, 06:06 PM

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QUOTE(zuiko407 @ Jun 20 2013, 06:02 PM)
Without field experience and knowledge, you will still have dozen of question to ask, why! Why? Why? And how? How? How come?
Same problem for u
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this is true, if you dont know how to ask the right question, dont know how to do research...dunno how to keep yourself up to date...keep track of the price...

when market is down, u also dunno when is the right time to enter

price high u say too high...price drop u scare it will drop further....end up look see look see

I share my point of view, no offence to anyone...
blowwater101
post Jun 20 2013, 08:42 PM

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QUOTE(kurtkob78 @ Jun 20 2013, 07:29 PM)
2. i dont think now people most people think market will go down. Instead, most people think market will go up. That's why, we see everyone now talk about property and bot properties for investment.
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yes fully agreed. But u cant deny that the group that i mentioned above exists.

They are many ppl like Rooney bro here, earn a lot and look see look see...what rooney bro mentioned in forum make me cautious, but i am still positive to the market...

Again, I re-emphasize my point of sharing, cash rich latent property buyer(i mean 1st time buyer) are exist, and able to give support to the property market in future... now they still look see look see

i hope my sharing bring some value to all the taikors here thumbup.gif

This post has been edited by blowwater101: Jun 20 2013, 08:45 PM
blowwater101
post Jun 21 2013, 09:44 AM

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QUOTE(icemanfx @ Jun 21 2013, 02:52 AM)
If you draw a 1km circle at every mrt and lrt station, how many new condo/apartments are available within these circles?
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U expected the forumer here list down all the project for you the choose & survey ? rclxub.gif

mayb Amint bro will give u a list as he is an agent. I not sure about Amint, normally agent will just intro the project on their hand lo...if the agent is good, might tell u some other project which they dont get credit...

***Amint is not agent, sorry for wrong info***

but the comment is still applicable to iceman bro

This post has been edited by blowwater101: Jun 21 2013, 11:22 AM
blowwater101
post Jun 21 2013, 11:19 AM

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QUOTE(Rooney1985 @ Jun 21 2013, 10:32 AM)
Why question directed at blowwater101 but 407 answer??? and sound so defensive like defending his brother??? lol!!! Chill la... give others a chance to answer...  biggrin.gif
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opps....apolgize....I thought Amint is agent....then also sorry for iceman la...who bother to spend their time to list down all the project....

407 just telling the truth...thanks...

to Rooney bro, 407 not defending me, but he just likes to reply u tongue.gif

This post has been edited by blowwater101: Jun 21 2013, 11:20 AM
blowwater101
post Jun 21 2013, 01:39 PM

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QUOTE(icemanfx @ Jun 21 2013, 01:31 PM)
You may be surprise to learn the number of units available and could be more than what the market could absorb in the next few years.
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I wont be surprise bro... wink.gif i understand the point of your ques...in fact no body will support u a full set of data...that is my point

it seems like u have an answer in mind...can u tell me how many units available near by LRT in next 3 years ? tongue.gif

u understand what im saying...cheers smile.gif

This post has been edited by blowwater101: Jun 21 2013, 01:41 PM
blowwater101
post Jun 21 2013, 01:49 PM

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QUOTE(AMINT @ Jun 21 2013, 01:46 PM)
Guys, i am not an agent la. Hehe. Just an investor.
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notworthy.gif pai seh....I thought u are another guy...

I should join petronas....like Amint bro can save so many bullets to shoot... biggrin.gif
blowwater101
post Jun 21 2013, 02:23 PM

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yes...I am agent...hehe...please dont invest in property...make the property market more sustainable...

if everyone here is UUU ppl, and invest together...will caused the bublle grow faster and burst...

i dont mind the market adjustment...best is growing bit by bit...then ddd ppl will slowly put in their fund...
blowwater101
post Jun 22 2013, 01:14 PM

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QUOTE(petlu28 @ Jun 22 2013, 12:48 PM)
Walao! Is it money really no value now until all use for buying property?
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Asian especially chinese like to save money in bank or invest in property to accumulate wealth...

This post has been edited by blowwater101: Jun 22 2013, 01:15 PM
blowwater101
post Jun 24 2013, 11:16 AM

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QUOTE(Rooney1985 @ Jun 24 2013, 09:09 AM)
Wow... didn't know he can't even defend himself in the virtual world... has to call on his buddies to help him out... Total agree with your statements... someone makes 2m in 3 years and say RM20psf is expensive.... lmfao... and only driving an audi... (must be entry level model and old one la)... and whats even more weird is that that person also invests in super low-end properties!!!! <RM200K... What the heck!?!?!!? Anyway, I think better stop exposing this person la... He'll just end up creating more dupe accounts to support his own fantasy world character...

Not to mention the other weirdos from Up camp also... Someone's colleague drives a bmw, but parks it at LRT station and takes LRT to work... my god... when I read that I'm thinking to myself... If you can't afford the parking at KLCC don't LCLY wanna drive BMW la... LMFAO!!!! drive BMW take LRT... ROFLMAO!!!!  biggrin.gif You think this is Kiasu-land ah... where its 100 times safer than Boleh-land... You park you BMW at LRT I think worst things will happen.. This is what we call penny wise pound foolish.. If you buy a BMW to drive it to LRT then might as well don't buy it in the first place la... DAMN embarrassing la.... its like buy an expensive car for show only... no money to pay for petrol and parking... LOL!!!!! Just doesn't make any sense at all...

On a serious note.... If buying near LRT/ MRT for investment (i.e. renting out) what kind of salary group are you looking at that can't afford to drive???? Then ask yourself what rental you can demand form this income group that can't afford to drive to work OR WORST STILL... can afford to buy car but can't afford parking at KLCC.. biggrin.gif
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Rooney bro, your point make sense...but in fact it really happen to some managers...

real example, asst GM, salary earning more than 10k, driving estima as weekend car, ride motor ex-5 to work, he really dont care how ppl look at him...and his wife has the same earning power...

ride motor is worst than take LRT right ?
blowwater101
post Jun 27 2013, 09:51 PM

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QUOTE(ManutdGiggs @ Jun 27 2013, 08:39 PM)
Wateva the price is, gold is just a simple pc of metal. Its behaviour in price is similar to stocks. Just digital.

Somehow props r tangible and valuable in a way. Unless war la. But if really war, apa pun susah liao. Any1 really think gold is tat useful during war??? If a person next to another know he has a gold bar, guess where the owner ll end up in??? Heaven or hell???
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Gold is really just a pcs of metal, it doesnt produce anything...check warren buffet point of view in gold

http://beta.fool.com/ryanglosier/2013/05/1...-on-gold/34445/

for stocks, at least it reflect the company's value or performance to certain extent...
blowwater101
post Jun 30 2013, 01:21 PM

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QUOTE(EddyLB @ Jun 30 2013, 01:12 PM)
That pretty much sums up many people who missed the boat. Some pragmatic ones like tikaram and tat3179 has already board the boat. Others still can't accept the fact and keep waiting for the cheap boat, but don't know when the boat will come  cry.gif
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It doesnt matter cheap boat or expensive boat, if u looking for a boat that wont sink or guaranteed safe....impossible la...
blowwater101
post Jun 30 2013, 11:05 PM

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QUOTE(icemanfx @ Jun 30 2013, 10:57 PM)
If one has a choice, why want to board a overloaded boat to cross open sea, which may not survive severe storm.
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Yes, u are right bro. So i choose a boat which i think it is not overloaded. If u think it is overloaded then u can walk, everyone have their own preference....nobody force u to go on board ma biggrin.gif

just be reminded that unbeatable boat is not exist in this world.. brows.gif
blowwater101
post Jul 2 2013, 02:04 PM

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QUOTE(AmayaBumibuyer @ Jul 2 2013, 01:55 PM)
This is where i dont care what other peope thinks comes in.  Whats wrong taking the taxi? Cheaper then owning a car and paying the parking in KL. How much is paying in Pavillion? I am less than 3km away from time square.

Partner u mean what? Married? I m not married but do hav somebody. Not buying an overprice car and buying two prorties is still d best decision i have ever met.
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tell them u have many gfs...mistress to shut ppl mouth up la...haha

I cant live without car but there is no right no wrong la.....why follow ppl footstep...

just like i dont like to drink but to many ppl a man must drink drank drunk... rclxub.gif

This post has been edited by blowwater101: Jul 2 2013, 02:06 PM
blowwater101
post Jul 2 2013, 03:36 PM

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QUOTE(Rooney1985 @ Jul 2 2013, 03:28 PM)
actually a very good point... you could save much more if you didn't take taxi and used bus and lrt/mrt no? may even be able to pick up another property.
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This is just like some ppl dont have or dont like credit card, even credit cards can give them rebates on their daily expenses...but they still dont like...

personally i think free from car loan is cool....as long as he can manage his life, he dont suffer the no car life like what we imagine...

another analogy....some mat salleh dont even like to own property, but they still live their life happily...they are wrong ?

This post has been edited by blowwater101: Jul 2 2013, 03:38 PM
blowwater101
post Jul 3 2013, 02:15 PM

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QUOTE(wwwcomment @ Jul 3 2013, 01:59 PM)
since zuiko, tikaram and manut are so rich, you guys shud cooperate and make money, not quarrel over the net.
maybe u guys can be good friends and earn billions since u guys already very successful
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I am thinking mayb when all of them come out....all just riding a honda ex-5...haha....kidding... tongue.gif

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