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 V11 - Property Prices Discussion, Intelligent debates only pls

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icemanfx
post Jun 21 2013, 01:35 PM

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QUOTE(worgen @ Jun 21 2013, 12:02 PM)
Where are those hardcore gold investor hiding? Now I seriously believe "debt is money"!! My bad..my wish for gold drop below US1300 came true..sweat.gif
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Those that lost money in gold, if they practice from the same economic book, high chance that they will loss money in property.



icemanfx
post Jun 21 2013, 02:07 PM

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QUOTE(blowwater101 @ Jun 21 2013, 01:39 PM)
I wont be surprise bro... wink.gif  i understand the point of your ques...in fact no body will support u a full set of data...that is my point

it seems like u have an answer in mind...can u tell me how many units available near by LRT in next 3 years ?  tongue.gif

u understand what im saying...cheers smile.gif
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If you are a re agent, means the number of units available is staggering.

This post has been edited by icemanfx: Jun 21 2013, 02:07 PM
icemanfx
post Jun 23 2013, 11:37 AM

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QUOTE(AMINT @ Jun 23 2013, 09:28 AM)
+1 ya lor. How can car expenses = same as lrt? Regular service + roadtax+ installment +insurance+ tyres+ petrol +toll+ parking. For sure cannot be cheaper or same as lrt. Really doesnt make sense. Unless kereta sorong
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QUOTE(lqcevox @ Jun 23 2013, 09:36 AM)
In addition you have the risk of lost your car too. The risk of late to work are more frequent than take lrt due to lrt is computerize and car is human driver, in deed sometimes lrt will have technical issues but compared to vehicles which is better overall if your destination is near to lrt station? tongue.gif
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People who are staying near to lrt/mrt are not supposed to or shouldn't own car(s)? Wonder how many people practice what they preach?


icemanfx
post Jun 24 2013, 11:08 AM

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There is no doubt, it is convenience to live near to lrt/mrt station, and price could be higher that property further away.

If no one can answer number of units near lrt/mrt is completing in the next 3 years is similar to buy gold at US$1,600/oz and hoping to rise to US$2,500/oz.



icemanfx
post Jun 27 2013, 04:49 PM

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QUOTE(worgen @ Jun 27 2013, 02:26 PM)
Buy gold. Dont buy property. Price drop below physcology level of US1300.

Some smart @$$ said smart investor Buying Into Fear And Uncertainty Is A Winning Strategy.

Now is the time he walk the talk.
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Gold is not near to the bottom yet, still have plenty of blood to spill, why need to hurry to buy?



icemanfx
post Jun 27 2013, 04:52 PM

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QUOTE(stephanielum @ Jun 27 2013, 04:16 PM)
Commercial lots is fine but getting there is a hustle. Property Investment is the best, gain 1 million networth in a very short amount of time!! thumbup.gif
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As if supply is curtailed.

icemanfx
post Jun 27 2013, 04:54 PM

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QUOTE(tikaram @ Jun 27 2013, 04:02 PM)
i just invested 10 coin of  lion from UOB. anyone bought any gold recently?

Ok to buy some chine counter share that doing medical products?  any comment? it is very cheap now.
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Especially if that company found a cure for H7N9.


icemanfx
post Jun 27 2013, 05:31 PM

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QUOTE(AVFAN @ Jun 27 2013, 05:20 PM)
iceman,

u r now officially the dr gloom of lyn, in all threads.

everything's going down, u moved your money to mars or not? tongue.gif
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Property price in Malaysia is like gold a few years ago is defying economic equilibrium. Believe there are better investment opportunity else where until property market in Malaysia crashed.

This post has been edited by icemanfx: Jun 27 2013, 05:31 PM
icemanfx
post Jun 27 2013, 05:43 PM

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QUOTE(worgen @ Jun 27 2013, 05:36 PM)
Need help here. Where to put my money? No to property. No to gold. No to stocks. No to oil. No No No. Only left one place i.e.  under the pillow.
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Property in U.S, Britain and Spain, and U.S., U.K. and Brazil stocks.

If you can't invest outside the country, keeping cash is not a bad idea. If MYR continue to come under pressure, BNM may need to rise BLR or banks statutory reserve. Many if not most flippers could not service loan installment if interest increased by more than 2%.

This post has been edited by icemanfx: Jun 27 2013, 06:06 PM
icemanfx
post Jun 27 2013, 11:49 PM

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QUOTE(EddyLB @ Jun 27 2013, 08:55 PM)
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  thumbup.gif
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Having half knowledge could be as bad if not worst than not knowledgeable.






icemanfx
post Jun 27 2013, 11:55 PM

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QUOTE(worgen @ Jun 27 2013, 11:01 PM)
Honestly, have you invest in US, Britain, Spain, UK or Brazil? Please share you real-time experience with us here whether fr ddd or uuu camp.  notworthy.gif
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I am from ddd camp when and where market is believe to be unsustainable and in uuu camp when and where there is room to rise.

[URL= http://finance.yahoo.com/echarts?s=BAC#sym...urce=undefined;]BAC[/URL]

C

BRK-B


smile.gif smile.gif smile.gif

This post has been edited by icemanfx: Jun 27 2013, 11:59 PM
icemanfx
post Jun 29 2013, 08:09 PM

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There have been a number of cases that; seller showed tenancy agreement with long term tenancy period and high rental to justify for higher than market price for the property. After the property is transacted, the tenancy agreement is terminated after a few months.

"There's a sucker born every minute"




icemanfx
post Jun 29 2013, 08:13 PM

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QUOTE(tikaram @ Jun 29 2013, 12:25 PM)
but the information out there is not black or red casino wo.

more units empty
export drop
import up
mrt increase land supply
private consumption is depent on loan and cheap credit and will only go up further due to higher blr soon = consumer economy
GDP drop
private bus investment is mainly on services 72% and not manufacturing 25%
Govt spending will only rising due to more payroll , pension and more interest paid on borrowing/ sukuk
competitiveness going down
balance of trade getting worst
govt budget continue to be in deficits
public debt 456, private debts 988
ceiling of p debts to GDP is now 53% only 2% from cap of 55%  = ok ok...we still can do TARP.  laugh.gif

why so many expect economy here don't see it.?

it is more RED or BLACK for property?

U don't need to believe what I said... but, I believe knowledge make money ..... brows.gif  brows.gif
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Same reasons why genneva gold buyers didn't see the train that hit them.


icemanfx
post Jun 30 2013, 09:39 AM

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QUOTE(EddyLB @ Jun 29 2013, 08:49 PM)
Bro, you compare the economic numbers listed by tikaram with a fraud case like Genneva kah ? Give some face to tikaram lah  laugh.gif
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Don't you agree genneva gold buyers were blinded by greed?

Half knowledge is worse than ignorance.
-- Thomas B. Macaulay


This post has been edited by icemanfx: Jun 30 2013, 09:41 AM
icemanfx
post Jun 30 2013, 09:52 AM

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QUOTE(ManutdGiggs @ Jun 29 2013, 08:12 PM)
If loc is gd, it doesnt matter the current twnant goes away. Tats y loc is very important in prop.
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Yes, tenant can be found eventually but at what price? Before new tenant is found, the buyer is out of pocket.



icemanfx
post Jun 30 2013, 11:55 AM

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QUOTE(hondaracer @ Jun 30 2013, 10:05 AM)
What is the impact of DIBS removal on property market ?
Developers could repackaged DIBS to meet BNM guideline, old wine in new bottle.

DIBS encouraged marginal buyers become flippers on multiple properties is not dissimilar to sub-prime lending in the U.S. prior to 2007.


This post has been edited by icemanfx: Jun 30 2013, 11:59 AM
icemanfx
post Jun 30 2013, 12:04 PM

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QUOTE(ManutdGiggs @ Jun 30 2013, 11:58 AM)
I suppose tis strategy ll suit him well. After price increase like hell, keep whining blaming cursing and take 0% risk in prop market especially rental play due to tenants might move away. So end up the cycle ll repeat again just like prop price ll drop or b adjusted 1 day which ll 1 day oso prove them rite. So keep himself away and tok more of gst with full of confident but limited knowledge might provide satisfaction to him. Dun do anythg in props. Its for ppl fr mars.
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As long one has a roof over his head, property market in Malaysia is not the only place available for investment.





icemanfx
post Jun 30 2013, 12:08 PM

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QUOTE(AppreciativeMan @ Jun 30 2013, 12:02 PM)
I thought a better strategy he shld migrate?..... To US, Spain, Brazil...... Since opportunity is there as claimed.....  tongue.gif  tongue.gif
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You don't need to migrate to the U.S, Spain or U.K to invest in property there. What you need is a good and trust worthy renting agent.

If one bought property for over Euro160k in Spain, is entitled to Spain PR.

This post has been edited by icemanfx: Jun 30 2013, 12:09 PM
icemanfx
post Jun 30 2013, 04:23 PM

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QUOTE(hondaracer @ Jun 30 2013, 10:05 AM)
What is the impact of DIBS removal on property market ?
Since many developers accept and are promoting DIBS, may be it is time for the gomen to impose "build then sell" concept so that completion risks and market risks remain with the developers rather than passed to buyers.



icemanfx
post Jun 30 2013, 10:43 PM

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QUOTE(truelife @ Jun 30 2013, 06:25 PM)
It is the other round. If Build-Then-Sell concept is implemented, all additional costs like interest and construction risk will be passed on to purchasers by factoring it into selling price. Also with this BTS, people will feel that 2nd hand properties have no much difference from 1st hand properties, thus this will push up prices in secondary market. Overall, BTS will only push up both 1st hand and 2nd hand properties.

BTS is to remove risk of purchasers from purchasing an abandoned project and dismiss developers without sound financial, but it cannot be used to control prices.
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Developers are already paying interest under DIBS and priced in.

Under current arrangement, in event of cost over run, developer could abandon the project and leave buyers high and dry. Under BTS, the developer could priced cost over run into selling price, and buyers need not to bare the completion risk.

Developers are the party making millions, why should buyers bare construction risk, market risk, completion risk for developers?

May be you like to elaborate more; "Also with this BTS, people will feel that 2nd hand properties have no much difference from 1st hand properties, thus this will push up prices in secondary market. Overall, BTS will only push up both 1st hand and 2nd hand properties."

This post has been edited by icemanfx: Jun 30 2013, 10:52 PM

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