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V11 - Property Prices Discussion, Intelligent debates only pls
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icemanfx
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Jun 18 2013, 07:59 AM
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QUOTE(ManutdGiggs @ Jun 18 2013, 06:01 AM) Bro not all la. My fren who is previously the very high management c*o of a bank bot houses and cars with max loan tenure reason being the value of RM ll b peanut in future as he claimed. So try to explain his hypothesis??? A very high ranking person in banking industry saying tis n dun mind paying interest due to his pov of RM. is he not able to repay loan or oledi max the cc??? I blif there are many rich guys max the loan to keep liquidity in hand to invest in sthg which he is capable of generating beta return against the interest charged. Did I said all?
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icemanfx
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Jun 18 2013, 08:04 AM
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QUOTE(EddyLB @ Jun 18 2013, 07:57 AM) Haha, as said previously, one day, property price will come down. Normal cycle for every commodity. The question is WHEN will the property market come down ? I have asked, and you don't even dare to give a range of dates Those who see property price coming down in the next 6-12 month can wait. Those who think still got 3-4 years to play can still buy and make enough money to sustain the price drop in 3-4 years Bubble always burst unexpectedly early else they won't be fire sale, bankruptcy, recession, and can't see how the current price could sustain for another 3 to 4 years. This post has been edited by icemanfx: Jun 18 2013, 08:07 AM
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icemanfx
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Jun 18 2013, 08:14 AM
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QUOTE(ManutdGiggs @ Jun 18 2013, 08:09 AM) No worries. Just discussion. No need to b too defensive. Soli if u r offended by some facts. No problem bro
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icemanfx
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Jun 19 2013, 02:07 PM
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QUOTE(EddyLB @ Jun 19 2013, 01:52 PM) Haha, in addition to icemanfx, now I can see another person who make himself look like a fool when it comes to GSTĀ  Guess you didn't read my earlier reply on GST. This post has been edited by icemanfx: Jun 19 2013, 02:08 PM
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icemanfx
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Jun 19 2013, 02:30 PM
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QUOTE(EddyLB @ Jun 19 2013, 02:09 PM) I did. That's why I come to the conclusion....  Then you are not in a position to unwind without incurring losses.
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icemanfx
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Jun 20 2013, 01:38 PM
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QUOTE(AMINT @ Jun 20 2013, 01:25 PM) Why bro? After mrt and lrt completed, those houses nearby will surely appreciate, right? I consider that as a chance of a lifetime to buy at current price 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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icemanfx
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Jun 20 2013, 04:20 PM
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QUOTE(blowwater101 @ Jun 20 2013, 10:00 AM) combine income to buy prop is a trend for young generation, i assume in age 25-30, average net income is 4K, so a young couple have 8k net monthly income and they eligible to buy a 800K property (monthly installment about 3.5K) I would like to conclude that the current prop price is still afforadable for young gen 1st prop buyer....not sure if I am too shallow to conclude this ? 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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icemanfx
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Jun 20 2013, 04:26 PM
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QUOTE(AMINT @ Jun 20 2013, 01:25 PM) Why bro? After mrt and lrt completed, those houses nearby will surely appreciate, right? I consider that as a chance of a lifetime to buy at current price How many new condo/apartments coming to the market along mrt and lrt line?
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icemanfx
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Jun 20 2013, 05:13 PM
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QUOTE(blowwater101 @ Jun 20 2013, 05:09 PM) 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  10%, 20%, 30%, 52.34%, 83.29%?
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icemanfx
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Jun 20 2013, 05:33 PM
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QUOTE(blowwater101 @ Jun 20 2013, 05:22 PM) 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 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  Among your friends, how many fall into this group?
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icemanfx
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Jun 20 2013, 05:57 PM
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QUOTE(zuiko407 @ Jun 20 2013, 05:43 PM) iceman, all your question i have been asked 15 years ago, i would suggest you to start invest, don't scared this and scared that, start learn more from the practical, then you will have more experience, more knowledge and more friends from property investment industry, from there, you'll get all your answer. trust me! don't just lepak in the forum without any practice, you will never get the answer and keep curious There are other opportunities available that are lower risks and better return than property market in Malaysia. For property, prefer to buy when and where the market is down.
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icemanfx
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Jun 20 2013, 10:20 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 whether in property or other investment Prefer to look at macro rather than micro. Anything could happen at micro level but will eventually fall in line with macro level.
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icemanfx
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Jun 20 2013, 10:22 PM
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QUOTE(ngaisteve1 @ Jun 20 2013, 06:03 PM) u haven't bot any so far and waiting for property to go down like year 1997/1998 first only buy? Actually, sold 2 of my properties early this year, hope can collect payment before bank tightening
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icemanfx
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Jun 20 2013, 10:24 PM
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QUOTE(blowwater101 @ Jun 20 2013, 06:06 PM) 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... As no one will know when is the peak or bottom, as long as can buy low, sell high and be happy. During bad time, some property could be bought at 60% of peak price. This post has been edited by icemanfx: Jun 20 2013, 10:37 PM
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icemanfx
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Jun 20 2013, 10:31 PM
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QUOTE(siakap5 @ Jun 20 2013, 06:59 PM) relatively and generally I can say property investment is very much better than gold or stock ! very firm with my statement here . forget about gold and stock at all ..... forex can be also very volatile That's my experience and this addiction to property really kicks ........  If you have bought Citigroup C or Berkshire BRK-B a year ago, you should be doing pretty well. CitigroupBRK-B
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icemanfx
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Jun 20 2013, 10:33 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. This is what is called bull run. During bull run, most players think they are reincarnated Warren Buffett. This post has been edited by icemanfx: Jun 20 2013, 10:36 PM
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icemanfx
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Jun 21 2013, 02:46 AM
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QUOTE(worgen @ Jun 20 2013, 09:45 PM) Gold hits 2-1/2 year low as Fed flags end to easy money http://finance.yahoo.com/news/gold-hits-2-1-2-122811119.htmlInstead of property crashes, gold gone case 1st. Unlike commodity, property doesn't has an exchange where price can react instantly to market supply and demand. It will take a few years for price to fall to the bottom while number of transaction tanked. This post has been edited by icemanfx: Jun 21 2013, 02:47 AM
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icemanfx
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Jun 21 2013, 02:48 AM
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QUOTE(kidmad @ Jun 21 2013, 12:00 AM) Sui liao! gold price drop muahahahah. 1,100 faster come haha. Anyway I've survey Batu Tiga - Subang - Sunway area for my third prop.. Damn it.. it seems like the price had spike about RM50k approx in these area. nothing in RM350k is decent... Beware that you may get more than what you wish for.
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icemanfx
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Jun 21 2013, 02:52 AM
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QUOTE(AMINT @ Jun 20 2013, 10:40 PM) My rule is simple. Less than 1km i considered near. So far not many have this criteria. So those within 1km will have some demand in them. 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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icemanfx
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Jun 21 2013, 01:31 PM
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QUOTE(blowwater101 @ Jun 21 2013, 09:44 AM) U expected the forumer here list down all the project for you the choose & survey ? 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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