WoW... you all are either very gullible or just pretending not to understand sarcasm...

I think its best regardless the objective (i.e. investment or own stay) that the purchase be considered thoroughly and especially more so for own stay as these purchases are very risk adverse purchases... therefore they should really put thought into their financial planning to take into account aside from housing loan installments, future expenses (e.g. wedding, medical, children, education, maintenance, car, etc...) By doing so, they can live assured that the possibility of them losing their HOME is very low... (Have come across one case where couple had to sell their house due to an unexpected child and expenses just got out of hand)... Just hate to see this happen... So buy what you can afford, and what I mean by afford is to make sure you have proper planning of future (including contingency) lifestyle/ expenses...

For investors, I'm sure you're all risk lovers and have already considered the upside and downside... so if the deals is good and it makes sense in terms of your risk appetite, then why not? By all means... BBB Baby... LMFAO!!!

This post has been edited by Rooney1985: Jun 19 2013, 09:05 AM

You'll be surprised that some retirees have passive five figure passive incomes! (and we're not talking about entry level five figure incomes) Now that's where you wanna head towards during your working life.... LMFAO!!!! As for Tika... I dunno him... Anyway, banks give loans on passive income as well as long as you can prove sustainable generation.

Again depends on the buyer's objective... like your example, you're willing to buy as long as you can COMFORTABLY afford (by comfortably you already subconsciously accounted for your future without detailing it out as much... some may not be as mentally capable as you and need to write it down... always the best policy)... and you're also open to selling it in the future when price appreciates (this shows you're more investor.. than for own stay)... I highly doubt a father of two would consider selling his children's home if prices go up!?!?!?

True % of married couples selling houses are not significant.. now... but with the new herd of freshies entering the market??? who's to say what this percentage will be??? I'm just here to share and help... end of the day, if you think you can afford (whether you really can or can't) its your decision to buy. I've done my part... so that I won't feel so bad later on...

From what I've read, it sounds like Tika is pretty financially sound... with plenty of backup and passive income to sustain himself if the market tanks.... However, would depend on how highly geared his business is, sounds conservative... from his old school approach... I'd think he's bargain kindof guy... i.e. doesn't lead a bling bling lifestyle... further adds to his financial strength... I dunno... just my take...

Others who highly geared, financially stretched and living a bling lifestyle on cheap credit should really worry.

This post has been edited by Rooney1985: Jun 19 2013, 01:38 PM

I prefer the original... it was a complete circle... new motto needs some tweaks... lol!!!!

Yes... very very discipline...

I came across a young man, earning 3.5K per mth... managed to save some money, but car started giving problems, had to decide whether to repair (which would cost him a few K) or sell it off and get a new car... He decided to buy a new car... and upgraded from a 80K car to a 120K car... monthly would only cost him 1K (after trading-in his problematic older car)... I asked him, are you sure that's wise? He said "yes, I can afford 1K from my 3.5K nett every month and I'll take the longest loan tenure - 7 yrs... I'll be disciplined" ... two months after he got his car, his tyre got punctured... (first blow to his budget)... then he needed to tint his car (second blow to budget)... because he was driving a nicer car, he started going out more often (third blow to budget)... then he found a girlfriend (4th blow to budget)... His new circle of friends had new gadgets (5th blow to budget)... etc, etc... After 6 months of so called self-discipline, his parents ended up footing his car installments until today and even the new set of tyres... moral of the story?

Everyone can chip in as long as its logical... lmfao!!!

This post has been edited by Rooney1985: Jun 20 2013, 11:36 AM

RM is down against most major currencies (US, AUD, NZD, SGD, HKD)... Hmmmm... wonder whats going on... LMFAO!!!!

Moral of story is not about failing (everyone will fail no matter how good they are)... moral of story is, its easy to say you'll be disciplined before you enter the situation... the real test only starts when you're in it...
So why don't you have a simulation to test yourself first (If you're going to commit 3.5K a month) lets see if you can save that amount monthly for 3-6 months first, to be safer, make it 4.5K per month. If you can do it... hey... you've got the discipline... OR you can take the risk and try it out for real... Well that's my opinion of the moral of the story... Feel free to add in other morals...

affordability is vr subjective one...some manager earn 8k but they think they only afford to buy a Vios, some youngster 3K only still stretch themself to get a VIOS...if youngster can stretch themself to get expensive car...they can stretch themself to buy a house too...car & prop is diff products but what i mean here is the mentality of youngster.

what im trying to say is for youngster that choose property over car, they can go for 800k prop if they wish too...and many of them havent bought any house yet, so the demand is still there...

Hmmm I hope someone remembers the above statements... If 3K can buy vios proton better close down... lmfao!!!

Yes yes... I would also like to know... anybody? anybody care to explain? lol!!! And more importantly for the majority of those who read this forum... what may be the impact on property prices (if any)... please... anybody?

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...

Hmmm.. I see... it makes sense that from a purchasing power point of view, it would draw more property investors in to buy because its cheaper.. but from an economic point of view if the currency is devaluing due to weak fundamentals, which investors would want to start up businesses here... and if few, then where will the jobs (especially for expats) come from? And if that is not there then where is the rental demand and yield going to come from? If business declines then wouldn't there be job cuts? Well unless of course and obviously that the whole economy relies again on property development??? Which is what it already has been doing... so is there going to be more? Hmmmm....

Very property focused point of view... If we look one layer below the ETP, we will start to ask where the funding for stimulus is coming from??? G funds/ borrowing... if its G-funds we're taking about taxes... higher taxes leading to lower disposable income will definitely not push prices up... unless total income increases (in REAL TERMS)... (historical data shows otherwise). borrowing? borrowing in light of the devaluation and weak fundamentals mean we get less and pay more in terms of conversion and interest... both negative outcomes on ETP and property prices. In view of the gradual withdrawal of QE by US (targeted to be completed by end 2014.. i.e. to commence pretty soon unless they want to shock the whole economy) there's going to be a a credit shortage... this means higher interests on borrowings... means G needs to pay more... in order to G to pay more, G taxes more, when G taxes more people get poorer, when people get poorer how to pay more rent or buy more expensive houses? My bet is more on changes in US and Europe's QE position affecting our property value rather than 2016/17 GE.

You have a point though that the infrastructure in the pipeline will lead to increase in property value... but will there be enough financially capable demand to support that value??? Will boleh land be a market that attracts foreign investments to do business here? Sophisticated businesses? Services not manufacturing... Like Singapore & Hong Kong? I doubt so... Boleh land will remain in limbo... a resource exporter/ manufacturing country trying to break into the category of services but never really entering the ranks of Singapore and Hong Kong.

Even if we take opportunity and buy now??? will there be enough rental demand when economy weakens? If yes, can this demand afford the high rental? These factors relate to capital appreciation as well.

Why (possible reasons/ events) would there be negative effects in 2016/17???

This post has been edited by Rooney1985: Jun 20 2013, 01:49 PM

Benefits of having MRT/LRT near your house depends on who are those taking MRT/ LRT... nowadays everyone is driving... even those staying near MRT/LRT also drive... only those that cannot afford to drive (most) will take MRT/LRT.... So what income category do they fall into? <2K? <3K? <4K? See in singapore its different... prices of cars, coe, petrol, parking make driving a luxurious lifestyle that even those earning 15KSGD take MRT... Boleh-land???? I think it was a gimmick all along to sell properties because of MRT/LRT.... no offense to those who truely believe in it... I just don't think boleh-land culture, wage class, and mindset is ready for this MRT/ LRT... Most likely, after two years of launch these stations would become crime hot spots... ill maintained and run-down... No where near the efficiency of Singapore and Hong Kong... may even make losses... (as history has shown)...

Singapore & Hong Kong's MRT system is so well integrated that it practically creates townships... accessibility to shopping/ entertainment areas and what ever needs within 15 mins traveling time... I highly doubt the upcoming MRT is doing that... its merely... a track from town to the suburbs... and nothing great in between... pretty pathetic.

Question... if property near MRT/LRT have more demand and prices go up in the future... does that mean that those not near MRT/LRT have less demand and so prices will be fall???

This post has been edited by Rooney1985: Jun 20 2013, 02:17 PM

The trick is... now the property launches say "Near MRT"... but actually quite far... then next time launch say "X meters from MRT" price more expensive and the last slaughter is... "Next to MRT" ... lmfao!!! Like the MRT is going to grow money and drop into those houses nearest to it.

407, you already sold your low-end units, got cash in hand, faster buy those near MRT, prices upupup everyday... lmfao!!!

Btw... why didn't you buy any this year (still wondering... you have cash in hand but don't buy and everyday preaching upupup)? prices upupup everyday, you missed the opportunity... ... Don't tell me you talk like upupup but inside you're actually down camp!?!?!?!?! ... ... ... LMFAO!!!

WoW.. .US stock market really took a hit yesterday... hmmmm seems like China feel the credit squeeze too... wonder how long the pricing-in effect is going to continue... and what's going to happen in boleh-land... EPF further mentioned lower dividends .... ????

This post has been edited by Rooney1985: Jun 21 2013, 08:46 AM

Just wondering how you know he's an Agent...

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...

This post has been edited by Rooney1985: Jun 21 2013, 10:32 AM

#407, you mean YOU can't find anything cheap doesn't mean others cannot find... maybe that's the reason you haven't bought any this year... truth (refer to my earlier posts) some units I'm eyeing have reduced in price, but not to the level that I target, so slowly see... whats the rush? as of now... 10% - 12% cheaper than 3-6 mths ago... amount is quite substantial... In the meantime, I'm happy RM is weakening cos I'm making ... hehehe!!! chill okay 407.