Apa Cina mau???

I blif most Cina r investing in props or buying for own stay. If 20% of Cina r investors , 30% oledi owned a house can b called home , 20% stil hunting for 1st house , and 30% very uncertain, tak tau mau ke tak mau or not afford at all.

So minus the 30% house owners, v stil hav 50% Cina mau harga props turun. Dun forget within the 20% investors, there r ppl crying at the recent hike in props. Lets put it at 10% whinny babies, v hav 60% Cina mau harga turun.

Lets assume v hav a total of 28mil of malaysians, and lets assume Cina ada 27% (7.56mil), therefore ada 4,536,000 Cina making noise now bout the high prop price.

So apa Cina mau lagi??? U might hav the answer. Anyway, I cakap shj. All assumption. Jgn tembak ya. Maybe the Cina population figure oledi salah in the 1st place.

Not goin to b racist here, but I sokong u boss.

Regardless of race, v stand unite for racism fr stupid be end.

You rent a house before? I've been renting for my first 3 year in Klang Valley. Things which you can't do or wouldn't do..

1) renovate your house. No KC. No expensive furniture. No nice decoration in your home.
2) If you want to install an aircond.. You need to find a unit which most likely to cost more than your installment at the end of the day.. Rent the expensive unit for the rest of your life meh?
3) If 1 year you spend RM13.2k in rental.. In 10 years you are leaking RM132k to someone's pocket. That's IF.. and ONLY IF.. the fellow does not raise the rental. I've leaked RM36k to someone
4) Borrowing at a young age for 35 years loan is most likely cheaper as compared to renting. Not all the time.. Most of the time.. Renting a double storey landed would be even better.

Things which is good..

1) You do not need to pay cukai pintu.
2) You do not need to pay maintenance
3) You do not need to worry about the condo when it have issues like land soil corrosion.. Cracking condos... water leaking and so on so forth.

It has it's pros and con.. but definitely I would not want to leak RM132k in 10 years time to someone else pocket.

This post has been edited by kidmad: Jul 15 2013, 10:20 AM

Blaaader, there is a cost of borrowing if you buy your own property, instead of paying to the landlord, you are paying to the bank. If your rental is below 4% of the cost of the house, it is better rent. There is a risk also your property price may come down in future if you buy at the wrong time at the wrong place.



This post has been edited by KLsooner: Jul 15 2013, 10:41 AM

Blader amacam you calculate one.. The interest you pay to the bank spread out in x number of years.. The money you pay to the HOUSE owner is purely CASH.. The property prices have a chance of shooting up or down but at the same time it would mean the rental will be going up or down as well la.

You rather take RM1.5k to pay the owner instead of paying the bank when the property is under your name????

Did you realise for a 400k loan over a 30 year period, after 10 years of repayment of 2k each month amounting to 240k over 120 months (10 years), you still owe the bank 320k?

Then you will come cry that bank sucks all your bloody money, 160k to the bank, 80k to the principle.
And that is just cost of interest alone, provided historically low interest does not go up, + all the cukais, maintenance and etc, the cost to own is much higher. Do the math carefully.

I am not discourage you to buy but buy within your means. The money you pay to bank also CASH, blaader.

This post has been edited by KLsooner: Jul 15 2013, 10:57 AM

.... 160k to the bank 80k to principle.. The following years the loan amount will be going more towards the principle as compared to bank. You do know how to calculate that I believe you know about the interest mechanism as well for this..

If you rent.. ALL 240k is going to the house owner.. You know that too right?

Let's brake down my unit expenses for example. I don't like to plug figures from someone or something you heard off somewhere from a teh tarik session.

RM250k.. Borrowed RM230k - Finance including bank lawyer fee no money previously.. Sold off my 1st house but the bank disbursement was SO SLOW!
40 Years loan tenure - RM1018 each term. Flexi loan ma if you Pay RM11xx in 35 years kau tim. RM1300 or less in 30 years settle. But for my case.. It's soon to settle.
Cukai Pintu - RM300 per year.. RM15x every 6 months.. Damn I receive yellow letter need to remind myself to pay this when im home later.
Maintenance - RM158 per month.

Total per month considering im doing 40 years.. RM1018 x 12 + RM300 + RM158 x 12. Total per annum 14.5k

Renting a bare unit at my place RM1.3k.. Full furnish RM1.5k - RM1.6k. Renting bare unit itself already not worth it... Adding on.. Your dorwan to stay in air cond room ka? You dorwan to renovate your house with nice kitchen cabinet.. Some vinyl or tiling on the walls and floors? Do not want designer table or chair meh? If not THEN EARN SO MUCH for what? LOL

Any other cost which I need to factor in for a comparison?

Blaader,
You misread my post completely, in your case, the rental fetch a handsome return of >7%. So it is better to buy than rent.

I am saying if it is <4%, meaning lower than bank interest at this moment, it is better to rent.

Mind to tell me where you live now? I want to buy a unit for investment.

recently just saw a new development in melaka, cost at RM348k...

all sifu n pros, is it the time to buy prop right now? really curious about it.

pLease advise..thx

bro, after few decades they still playing race card. there is no other things they can put other than race and religion to separate us and get majority support. Those still not aware of their tactics, kena toss like a ping pong ball.

This article is close to what i had been saying in the past few postings..

Highlights:
"Wanting and actually being able to afford your own place are two very different things"

"For example, if both the borrower and the spouse each earns RM5,000, a month, the household income is RM10,000 a month or RM120,000 a year. The value of the house that the household should be looking at purchasing should at most be RM360,000," he explains. "

"Average house prices are RM497,535 in Kuala Lumpur, followed by Sabah and Selangor, with average prices of RM382,414 and RM372,499 respectively"

Conclusion:
1) Affordability has become a real and serious issue. "Got price, but no market"
2) A real disparity and mismatch of pricing (supply) and demand (affordability)

http://www.asiaone.com/News/AsiaOne%2BNews...4-437011/3.html

Blader... I dorwan to take the rental yield to talk about it leh.. Even if renting for RM1.1k as compared to installment I still don't think it's worth it, that's just me. If I can afford RM1.1k i'll still find away to save up the money and buy a place. Anyway my current unit is Puri Ayu Condo in Batu 3 shah alam. 1 unit rented out at 1.4k while staying in another.. Shifting out soon after I get the Keys for Koi Kinrara most likely 4 months time.

This is so true, mentioned previously before.. Anything RM500k and above it's a risk and yet developer is building most of the units above RM500k.. What are they thinking.. To flippers u better watch out. Haha

Looks like the window of opportunity for investors to sell and make some profit is about to close shut. Those still on the air-cond coach, its rise and shine time...

Wonder what other new policies BNM going to come up with next... and the mother-of-all changes?... increase interest rates.

Referring to http://www.forbes.com/sites/jamesgruber/20...d-higher-rates/,

do you think Malaysians can afford higher interest rates?

Even the Malaysians can afford higher interest rates, with the currrent unhealthy property market that buyer needs "lobang" with developer in order to get VVIP status to attend the 'pre-pre-preview', do you think this is fair to all Malaysians?

That's why sometimes I don't agreed with people here asking other people to buy according to your affordability, when we look into a bigger picture, it's not fair as just putting a statement "buy according to affordability eg. RM220k at outskirt areas".

Debbie, that's the only option for young buyer nowdays. Those which is in the City Centre are usually taken up by our previous generation. Those a year older than you perhaps is staying 2 - 3k km away.. 2 years older than you staying perhaps 4km away and moving inwards.. Let's be realistic no one will let go their house in bangsar for 50% off and even props in PJ is no longer affordable for own stay most of them are selling by millions and those near SS2 are even converting them to commercial lots..

if increase interest rates, new buyers will be most affected. dah la kena 35 years loan aje. pity them

Its all for the best

Those who just entered the market affected, cos they have to pay more interest. Those looking to exit the market also affected cos demand is restricted. Those looking to enter can't get loans BECAUSE asking price too high and they can't secure loan based on higher interest and shorter tenure... 2 outcomes, prices stagnant or go up, end up no transactions OR prices drop and transactions continue... now its just the market adjusting... Intensity of impact dependent on the stubbornness of prices...



This post has been edited by Rooney1985: Jul 15 2013, 12:46 PM

Base on your logic it would mean I would not be able to purchase now? I'm still gonna try.

Well I think it's through for your statement but it's up to a certain degree. Those approx. rm400sft I think it's still good to go though.