Bro cheer up ! You are the most negative person in the whole forum ! No wonder AVFAN says you are Dr Gloom of LYN. To you, even people who make profit, you feel that eventually their profit will turn into loss

No offence, but I can't imagine if I were to have such friends with such huge negative energy. I don't want to be close to you. At least rooney, tikaram, jblow etc their tone is still positive and energetic on other stuff

Bro, the sky above your head always got dark cloud ? Is there anything good in your life ?

You are the most UUU man in this forum. Buy 15 biji property in such short time

Don't say icemanfx is not in the same group with you, those so called UUU camp in this thread also cannot come close to you

You are here just to get entertainment from us

Life is one's choice. He may have lived a poor man's life in most people's eyes, but his choice makes himself happy

Most people like to enjoy life by spending money. But there are some minority who enjoy life by not spending money. Just for not spending money makes them happy.

Not right or wrong, just personal choice

Wow, didn't know you bought more

Goodbye

Are you not having a narrow point of view too ?

He may die a happy man. Just because he doesn't spend (like we did), doesn't mean he is not happy

Sometimes we put our value unto someone else's. And say they are wrong. But in life, there is no right or wrong

This thread is getting into cars, and now into philosophy too

I totally understand what you are saying

You didn't get the true spirit of this thread. After so many version, this thread is more like a thread in /k

Take it easy bro. If I offended you, my apologies. Will be more careful with your posting next time

Moderator has set the offside trap line very clear. If nobody press the report button, we can continue. When someone can't take the comment and press the button, then we go into the freezer again

Your chicken takes 20+ years to hatch ? What an egg you have. Is it from Neptune ?

Seriously, there are many report cards during your life. But it seems to you there is only 1 ultimate report card to sum up your success - the report card at the time you die. Where got fun like that ? If you made money during 1987, then that is a report card. The chicken has hatched. If you lost money during 1997, then that is another report card. You egg is rotten. Do you cry over your rotten egg ? No ! You accept it, look forward, and work harder to redeem the money you loss !

Bro, many people survived the downturn during 1987, 1997 and 2008, and emerge stronger ! Only people who have experienced the downturn will be confident of how to manage crisis. And they will say there is nothing to be afraid of during economic crisis as long as you are prepared for it. Economic crisis is not the end of the world. It is a phenomenon in economics. It WILL happen one day. If you are afraid of economic downturn, then you will be stucked at where you stand forever. Because economic downturn is 100% sure to hit us one day

Embraced the negative happenings in your life and ride through it. That is how a man grow up.

I know no amount of words can convince you now, until you have actually seen yourself through 1 economic crisis and emerge stronger. Then it will change your view on your life.

On a positive note, you wrote longer now to express yourself which shows you are more confident on the subject. Keep it up !

Was puzzled why nobody talked about women yet

Ok lah bro, since you believe so strongly people will get burnt 1 day, it is better for you not to do anything. Keep your money in the safest place and enjoy your food !

BTW, careful about your diet. Red meat is not good. Take more vege !

You ask for it...... If you don't have patient, fast forward to 3:50

http://www.youtube.com/watch?v=5KkjxXD9ygk

If all property agents in malaysia are like that, how can the property market collapse ? It will only go UUUUU !

Great analysis ! After the BNM announce the new rules, the property market will collapse in the next 6 months ! These BNM rules which allows investors to borrow a mere 35 years max is considered watershed decision that will kick start the 2013 bubble burst. The previous allowable tenure of a whopping 40 years were considered the root cause of the property bubble, hence the BNM now made the critical correction of their grieve mistake made previously. After the new BNM rulings, all flippers will be badly affected by the credit crunch. Money supply will be profoundly tighten, and interest rates is expected to rise by at least 200 basis points by this max 35 years ruling. This ruling will be considered the defining moment in the history of malaysian property sector. Bubble will burst and everybody should sell sell sell now to avoid being trapped and become the greatest fool

Yea, my units near KLCC and MK had trouble renting out since Friday. And my 2 loan applications were rejected on Friday. Worse still, I received demand letters from my 7 banks on Friday, a few hours after BNM's announcement

The bubble is here !! Sell Sell Sell everyone !! While you still can !!

p/s don't report my post again ya.....if not this thread is going to be locked again

I confirm the situation is as bad as what agentdiary says. Have not seen anything worse after BNM's announcement on Friday.

I will PM you the details. Fast sale needed. Willing to sell at 20% below market. Hope you are my life saver. I pray it is not too late as agentdiary suggest....

Guys, my posting is as serious as agentdiary's......

You got a very valid point. I always value agentdiary's comment highly. Will take your suggestion of 30% into consideration too because the market is really very bad after BNM's announcement on Friday.

Look at what happened to gold. I must learn from gold's sudden drop in price in Apr/May. Just 1 month and BANG it happened. I won't allow history to repeat again on my properties and quickly sell off all my condos on DIBS + zero down. I got no choice but to cut loss

Sell sell sell !!!

This post has been edited by EddyLB: Jul 7 2013, 01:51 AM

Haha, my above view is just as extreme as agentdiary's. Or like you said just as entertaining like a comedy like his comment.

When there is an offer with 20% discount on the market now, it will be snapped up in no time. Don't talk about 20%, even 5% there are buyers lining up. Besides here, I even receive PMs from some silent readers !!! The buyers, not the sellers are still desperate, in this current market.

It just shows that BNM got to do more to cool down the market. DDD are over-reading the move

Boss, advise me if i sell the property where do I park the money ? It will be another headache

Haha you are a bigger boss in property than me lah.

We have been talking about bubble since years. I know it will come. Maybe not to the extent of collapse but correction will still happen 1 day. Maybe 5-10% ? As history in malaysian property showed us, the is no total collapse before.

So, if the same is true for the next downturn, then is it worthwhile to sell now ? Sell now to buy back at 5-10% cheaper later ? If i am certain about the timing, then i will do it. But the problem is nobody can time the market. So, the risk is not worth it for 5-10%. What if price doesnt fall but increase ?

Furthermore i think at this point in time, the worse case is stagnant for the market. There are still many buyers who wait for the price reduction and ready to jump in when the price drop just RM50k. i am sure you and me are one of them So what is the point of selling now, right ?

I think for the market to fall, the world economy has to be hit hard. And employees in malaysia lost jobs and cannot service their loan. 2008 there is China to support the world economy. Malaysia is not affected by much. This round i hope USA will support the world economy and save malaysia economy again

Just my 2 sen....

If it is for own stay, there is no difference if the market goes up or down. You are not going to sell whatever happens. As long as you can service the bank installment, then the price of your property will increase over time

Find the house that you like and buy. You can never time the market.