Well i have another side of the story of my life as well. I pretty much don't spend on clubbing, cigarettes, liquor or any other social activity or crap which doesnt benefit me.. I dont buy expensive cloths and in fact my baju in my wardrobe are nearlly all bought by my girlfriend. Yes some working shirt i have is as old as 2 years or more.. My working pants as well i can't recall when was the last time i bought it. None of the clothing which I'm wearing were bought without sales.

The only thing i spend is on food and gadgets. The rest all went to savings, insurance, and some funds.. I'm pretty sure everyone can do it, it's whether they want or not... My 1st job is only about RM2.7k nett monthly and i still recall how sucky it was renting only a room at that time. Staying with strangers.

Dern unlike you. I don't shoot empty weasels and i only speak on behalf of my own experience and not others. I don't speculate and call others an agent when i do not have the prove. I don't assume ppl are working so hard every month to meet months end. I don't type in an open forum saying that everyone is rushing to sell their property especially when myself is finding so hard for a decent price one. I don't predict the future as i can't be sure myself as well.

The only thing which I've done right so far is took control of my own life and at times i do wish to share with ppl with negative thoughts about the world that they too could have done the right thing. And again.. was it a sin to own a property? or was it a sin to spread rumours in an open forum for all these years? Say whatever you want but what's happening out there right now was not even close to what you've been saying all these years.

i don't wear a watch. i changed 16 phones last year but this year.. only 3.. galaxy grand is my last and hopefully the last one.. I need to save the spare bullet for marriage..

cigar not sure but liqour is really too damn expensive.. besides of company occasion where ppl treating a pine or two i don't think I've ever drank even for a can of beer. lol

By this moment most likely i'm a property agent as well la.. as according to some bloke's guideline to identify a property agent in this section of the forum.

hazairi was that your own blog???

Anyway it seems like your the only one alive up to that on the opposite camp. You seriously have not bought yourself an apartment yet and still continue to wait?

Dern why should i even answer any of your question when you can't even form a constructive sentence to debate and talk about? Again the day when you stop speculating about others well being that's the day i would stop ignoring most of your post. They are just the same like you. by calling me a kid and naive do that made you felt superior? The only thing we have here to talk about is property and nothing personal. Not about whether ppl could meet months end or not. Does it even matter in a property forum?

If the property sector really do collapse i would rather talk about the opportunity to roll what i have in hand and expand what i have. Afterall i started with nothing i don't mind losing everything.

Well i actually do calculated renting for the next 30 years with a little of investment + not in debt.. driving a cheap proton saga and continue renting at RM1k... But no matter how i calculated I still cant reach the financial freedom i wanted to. I took into consideration my current situation and took the worst case scenario which if my salary is not growing.

The approx left over per annum after deducting rental + makan makan + every other expenses.. Would be approx RM30k only well maybe with proton saga it could be approx rm42k per annum but let's just take the worst case scenario. in 10 years.. that would only be RM300k and in 30 years that would only be less than RM1m.. Even if i were to put them in some financial plan FD for example to be safe.. That's only RM1m +-? at the age of about 60? Hey.. with RM1m that's not give you a worry free life bro.

Doesn't mean that it's wrong to wait but If i am not mistaken in 2007 when i first asked about property in this section you were here already right?

no thank you. haha i need to script + type + perform pretty much all my work on a laptop.. The watch is a hindrance on my hand. Pardini very expensive la... Renoma 70% baju is what i usually buy or my girlfriend would buy other brand when there is SALES. Btw the money in the banking account is not my savings.. Those are left over from the 1st property i sold and after reinvesting in 2 other condo's. Trying for a third one.. but there is nothing decent @ < RM400k.. and i've mentioned before anything above RM500k is a risk imo thus I would not actually put my money on them.. If there is really a prop correction in the future the higher it is.. the more it will be impacted.

I'm really keeping my cost and expenditure at the bare minimum. Selling those props now would instantly give me a good amount of cash at my age but then.. You will not get anymore a decent condo at RM250k and RM300k respectively..

I see, hope to see you here when the correction price do happen. By the time the discussion will shift to a different game play.

Well you see that's the difference. Play hard work hard and the philosophy of you only live once is a double edge sword.

Sorry but I have to pick on your statement again. Not everyone is trading or investing. Most of them are buying so that they could have a place to call home. What's the % of homes build and freshies coming out from college today? Was it 2:1 or was it just nice for all of us? We have not consider yet some rich uncle/untie who could walk in and buy em by just pointing their magic fingers on the floor plan. Sometimes you have to see to believe... While I'm standing by the side listening to the sales rep about the project.. the fellow beside me would just point and say I want this one, this one, this one...

The price factor was debated quite sometime ago so I don't see a point to pick on it but as for being clever or not.. I find it amusing.. Do you really need to be clever before you can decide whether you want to buy a place for your own?

Nomos please be specified with your herd mentality. From the way i see it there are only 2 group of ppl. 1 who is realistic struggling to own a property and settle down while the other group on the other hand are still dreaming that the property sector will burst anytime soon. Well i can't expect much from one who will laugh at me who took a 9 year loan for a Forte. But either way my banking account and property speaks for itself. Not to mention the career path which i took and place me in a much comfortable zone. If tomorrow a recession do happen I'm pretty sure i can last a year or two without much problems but what about you? again the clever used by you refers to to the intelligent group who know how to use their money ain't it from your previous post? What I'm trying to tell you is just that it wasn't about being clever or otherwise but your goal in life had set to a different path as compared to others.

One who put so high hope on PRIMA and another who will laugh at ppl who take 9 year hire purchase loan. To be honest deep down in my heart, it just show that you guys do not know how to play the game set by the government. Be it from BNM, the bank ruling or even any other investment link available. Continue to think inside the box and hope for the bubble to burst. Let's see where we end. Perhaps our open discussion should be made through a teh tarik session instead of behind the keyboard. I hope those who claim to be cash loaded and waiting for the right time are not ppl who rides kap chai or drive kancil with a mouth full loads of crap.

Again what's so good about PRIMA? Does it have an affordable price tag to begin with? If you have not realize yet.. the props within the region of rm300k were all being jack up partly because of PRIMA and partly ppl are diverting their cash flow from bonds, gold, stock market to property, fixed deposit and most likely the US dollar currency, partly because of the MRT project. From the way i see it the price tag will soon shoot up and match what we see in SINGAPORE.

Of course this could only be applicable in states like Penang, Johor, Selangor.. Cities like KL and KK. Again to those who keeps talking about what happen in the US in year 2007 crisis when they had a 20 - 25% dip in property price correction... Do you see this happening in New York? California? Miami? LA? did the dip happened in those hot spots in 2007? If you are not sure perhaps get to know someone who did lives in these metropolis/cities and see what will they tell you.

I wonder which cave they are living in... still mengharapkan PRIMA I just hope they wont be flooded by bangladeshi/indonesia workers.. Look at our low cost apartments now days...

Haha im perfectly calm no worries. been here for too long ain't the 1st day replying to these kind of audience.

I've been reading them everyday but some I have no experience in it nor to comment about it, that's why I just read through without much reply but at some point when you made the assumption of 9 years loan being stupid and also talking about the herd mentality I just wish to prove you wrong base on my experience. Simple as that.

When you said the herd mentality on property buyers that's your assumption. When you said your parents laughing at those who took 9 years loan for a hire purchase... come laugh at me.. the guy at the age of 28 with 6 figures in his combined banking account. It's nothing much compared to the money I owe to the bank but again.. those are all JUST NUMBERS... I have a Total Debt of RM761k including my PTPTN loan. At this point was it really that bad to fully utilize the EASY CREDIT given out by bank?

Rooney did not know you are that old to begin with. Well first off I'm not having my own business... intend to have but it's too risky. 2nd off... besides of home loan and a hire purchase as well as my outstanding PTPTN.. I do not have any other installment which I need to pay. My CC is with a big fat 0.. no personal loan nor whatsoever.. Yeah some electrical stuff I do bought with CC 0% interest rate installment back in 2011 cause did not have the money yet for the airconds during that period of time and the repayment by the end of the year (all thanks to the 4 months period of property buying and selling deal)...

That's why I said.. the 6 figures are just numbers.. I started with NOTHING so should I choose to live comfortably or should I choose to do nothing with my savings and continue living in fear.. renting a place.. continue driving a cheap protong? The next question which I would ask you.. If you do not play with your money and credit rating.. How do you get 6 figures in your banking account in a shorter period? I can only save approx. RM24k - RM32k perannum inclusive of my bonus... It will take my at least 4 years to reach the 6 figure.. You expect me to park all the money in fixed deposit after that?

Bro mind sharing what's the % rate you are getting for home loans? No loans on hire purchase is also a good thing man.. all your available credit balance can be use for property only.

Good Job Good Job.. but sayang la if upfront pay RM86k for a car... Need the money for kahwin

Hurmmm... but not taking the benefit offered by the bank it's kind of a waste. Other than property I don't think I want to spend my time on other investment. I'm left with very little time after work.. really tak larat to check out stock market or even go after the gold.. Was thinking to switch from fixed deposit to gold but the risk is there still.

This post has been edited by kidmad: Jul 12 2013, 11:25 AM

Anon your figures were taken from? I do think it's similar to our market.. Report price drop but I don't see any. Also are you factoring in the million dollar vacation home or are you looking at prices of a service apartment where one average joe could only afford? There's much difference in this.

Exactly and that's why when anon took 40-50% figure is he talking about homes which cost > 3.5m USD? Anyway the houses here are getting more and more expensive.. when it hits rm600k minimum for these condo's I think that's the red zone which we are heading exactly that way.

from this point onwards ill choose not to debate bout it. Let time tell and let's see. lol no point with all this debate when what's been told is not happening.

Anyway any idea what's the drawback of leasehold as compared to freehold? Would like to know does leasehold will have some issue for others to finance in the future? Gonna be buying KOI KINRARA for my own stay.. earnest deposit gonna be paid tomorrow. Went to that place and love the environment inside.. Not as good as sterling in kelana but i still think for RM430k it's still okay..

What kind of investment? Don't sound like a mortgage loan requirement to me.

Anon that's not a good comparison... Your comparing an island which is 450 times smaller than malaysia.

A 20 years old leasehold unit in malaysia can we still finance up to 90%? I'm wondering.. My colleague were telling me can get 85% only and the older it is the lower it will be... true?

no good... if it went up 6% in a single quarter considering the remaining 3 quarters of the year appreciate approx 5% it would add up to 20% in this case the property sector will definitely escalate further or what the DDD camp always say bubble and eventually burst when the market can no longer take it.