We were talking about GST and you being a fool commenting about something you don't know.

Why suddenly jump to "unwind position" and "incurring losses"

Errr...are you ok today ?

How to kao tim him ? You got his email ? facebook ? tel no. ?

I want to see. Will prepare popcorn

Actually tikaram can just switch side if he is REALLY buying. Nothing wrong to switch side because market will also change.

But he is acting like 2 headed snake. So everyone is picking up a stick and whack.

Or he could act like tat3179 who has disappeared because he knew his comment has no more credibility.

Whereas other DDD camp like rooney etc has been consistent. They say what they actually practise. Their comments are more respected and hold water

If 800k property loan 720k, tenure 40 years, monthly installment is RM3k. 3k out of 8k is 37.5%, so bank will still approve

Depends on the couple want to buy or not. The bank says they can afford

Based on home loan calculator :

http://www.pbebank.com/en/en_content/perso...s/loan_cal.html

Loan 720k, 40 years, -2.4% = 3099
Loan 720k, 35 years, -2.4% = 3275

Your loan
Loan 550k, 35 years, -2.4% = 2502
Loan 550k, 40 years, -2.4% = 2368

Difference of RM134 per month

Nowadays with flexi loan, we have the option to settle the loan in any year. So, I prefer to go as long as possible, and hopefully interest as low as possible.

But at the end, it is the person's preference

You got your point !

Zuiko, what are you waiting for ? If you found a nice piece of land and need partner, pm me. Anything up to RM10m.

Haha bro, he always reply with something very weird. Many times I was talking about something and he reply another thing. Don't know whether he don't understand, or he got problem comprehending people's point. I think he just feel the need to post something in the forum, so simply talk what comes to his mind....haha

He has a very simple mentality. If you are not knowledgable enough in the field, it is better to stay away. Don't take action --> safe. Take action --> risky because of uncertainty

When a person does not understand a subject, he will be afraid of head and afraid of tail. When a person have knowledge on a subject, he can take calculated risk to invest

It is better for him not to invest because he is not confident of himself in the field of investment. Very wise move for him

This post has been edited by EddyLB: Jun 27 2013, 08:56 PM

He is replying to me. He usually reply with 1 sentence which cause people to double guess what he wanted to say. Typical of people who is lack of confidence.

What he wanted to say is he thinks I am half knowledgable. While he admits he is not knowledgable at all, which is as bad, or better than me

Just wonder why are we concern with a person who is not confident of what he says, and admits he has no knowledge at all of the subject matter

That is a big concern. Can provide the link ?

Bro, you compare the economic numbers listed by tikaram with a fraud case like Genneva kah ? Give some face to tikaram lah

Yes, agree with you genneva people were blinded by greed. Those blinded by "guaranteed return of 24%-36% pa" and "the scheme is actually sustainable". But in property investment, there are no such claims. It is a free market which you could make profit, or loss. Risk of investment is totally understood as there is no guarantee return like Genneva. Willing buyer willing seller basis.

Your previous comment sounds like you are saying what tikaram said is a pyramid scam scheme What tikaram said is facts, while Genneva is scam. So I ask you to give face to tikaram

Friend, sub-prime lending, as already suggested by its literal meaning, is lending to borrower who is "sub-prime". Meaning their credit rating is not good.

In Malaysia, it is very strict in lending lah. There are so many rejected application since last year. If you can't afford to pay installment, even with DIBS + zero down, bank won't lend you money. Eg If you earn RM10k per month, and you already got loan installment of RM5k, bank won't lend you.

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

Great analogy. Apparently they choose to walk. It is the safest. But you will never reach the other side of the ocean.

And in the forum they tell people riding a boat is risky ! Who didn't know there is always risk in investment ?

I also agree "build then sell" ! (now you write longer and I understand what you said )

DIBS means the developer adsorb interest expense during construction phase. So, the price of properties is imputed in the selling price (ie. price increase)

If you want "build then sell", not only does the developer need to bear the interest expense, they have to find banks to lend them money during the construction phase. So, instead of now DIBS interest mostly BLR - 2.4% = 4.2%, business loan is around 8%+. So the cost of construction is increased, and guess what ? The cost will be passed on to the consumers --> another round of price increase.

How you expect the price of property to come down ?

Boss,
Banks always love to do business with big timer. They would love to provide bridging loans because they can be their panel. In the current environment, the developer can sell first, so the bank view the developer's risk as very low (bridging loan only for the beginning 1 year), hence they can provide cheaper interest loan. Anyway when the project is launched, the housing lots are sold and the risk is transferred to individual buyers, who the bank view them to have much lower risk than the risk of the business. The bridging loan facilities amount is also reduced when the units are sold.

But if it is BTS, the risk is uncertain until 3-5 years later. So the risk still rest on the business instead of individuals property owners. I think the interest rate will be a lot higher than individual property buyer's rate as bank need to bear more risk

Besides, I think for higher interest rate the developer can still charge back to the customers. More pertinent question will be can the developer secure bridging loans for their projects ? In order to get the bridging loans, the developer in BTS environment will need more resources to prove to their bankers they are capable to undertake such big projects (not every developer is favoured by the banks). And this will cost a lot more money. These additional resources may include higher paid up capital, higher value of assets to pledge with banks as debentures etc which otherwise were not needed in the current sell-first-build-later arrangement

Just my view, may not be what the banks think

As for transferring the 1st fund collected from a project to kick start 2nd project, the housing ministry has this strict HDA a/c where the funds collected for this project must be used for this particular project only. By law, they cannot utilise the funds from this project for other projects. However, this is the rules, and you know I know in Malaysia, it is easy to manipulate and malaysia boleh

Anyhow, BTS is good for the consumer. It will eliminate those abundant project problem which cause hardship to innocent buyers who still need to pay the bank despite not having the property to stay in.

This post has been edited by EddyLB: Jun 30 2013, 07:01 PM

Hehe, now you got a taste on talking to someone of different level.....

I thought you should put this -->

This is really a point to ponder

Malaysians are really dumb. Me included because I own cars