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 V11 - Property Prices Discussion, Intelligent debates only pls

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CloudAtla$
post Jul 5 2013, 10:21 PM

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What is the conclusion? Property price up, down or stagnant? But reality is that new launching price is getting higher and higher. No brainer, one day the market will crashed if this continue non-stop, but the million question here is WHEN? Definitely not this year. Maybe next year? 2015? or 2016? And the guessing game continues... icon_question.gif

This post has been edited by CloudAtla$: Jul 5 2013, 10:22 PM
CloudAtla$
post Jul 6 2013, 09:06 PM

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QUOTE(kh8668 @ Jul 6 2013, 05:46 PM)
Buying demand is still strong, just to see how willing the banks lending money to those buyers. wink.gif
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Market is slowing down. Not as hot as before.
CloudAtla$
post Jul 6 2013, 10:26 PM

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QUOTE(tikaram @ Jul 6 2013, 10:13 PM)
1bank also start casino banking ma..2and bank officers still look for year end big bonus ma..3.some bank too big to fail...4& bcs tax payers will bailout them event fails.
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Any idea whn property market will crash?

This post has been edited by CloudAtla$: Jul 6 2013, 10:27 PM
CloudAtla$
post Jul 7 2013, 06:45 AM

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QUOTE(icemanfx @ Jul 6 2013, 11:29 PM)
In a typical DIBS development, 60% to 90% of buyers are flippers, most if not all of these flippers were hoping to subsell immediately after completion. If demand is not there to absorb these subsell supply, many of these flippers' bank loan will turn npl as soon as 6 months. It will take only a number of foreclosure to caused revaluation of that development and similar units in the vicinity.

Some developers may try to support price by buying back at original price but certain will be overwhelmed.

Given next GE will be hotly contested, it is the ruling party interest not to drag property "price correction" too near to the next GE.
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So you mean the main culprit causing property crash is 'FLIPPERS'. Its good the goverment now taking various action to ban flippers to prevent market crash.
CloudAtla$
post Jul 7 2013, 01:04 PM

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As of now, my conclusion overall market is stagnant, not down. Far fr crash. Many are waiting for market to down, some correction if not crash or total crash. But whn will it happen is the biggest question mark for one to guess. Definately it will happen one day like gravity teory, anything goes up sure will come down one fine day. The day can be days, months or years to come. Which genious can guess it correctly? I guess no one can be 100% sure whthr you fr uuu or ddd camp, or no matter how many economy news you read. The risk is for you to take in any investment. But one thing for sure is by doing nothing, you are 100% safe.
CloudAtla$
post Jul 7 2013, 02:38 PM

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QUOTE(ManutdGiggs @ Jul 7 2013, 01:15 PM)
Wat bout inflation?  Safe?
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Do nothing in property investment, you ll be 100% safe fr property bubble. If you park your money under the pillow, you wont safe fr inflation, but safe fr sleepless nightmare if market do crash. The nightmare fr property bubble if happened for sure worse thn worry on inflation. Judge your risk and appetite.
CloudAtla$
post Jul 8 2013, 11:25 PM

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QUOTE(Dern @ Jul 8 2013, 06:36 PM)
well, if you like to accept yourself as that as what that kid say, then be my guest. anyway, nobody knows who you are afterall, this is cyberspace.

what have been proven wrong ? it would be a bit stupid to think that property market is a stagnant market that only can go up and cant come down...but when it comes down, only the stupid & greedy ones who would be in trpuble, possibly comitting suicides, hope not involving the families too. it sounds senstive, but it happens in reality. this is afterall cyberspace. dont have to use your own stories to "show" to people, any stories can come up in cyberspace anyway.....not that im saying you are lying.

and more importantly, it's not what the DDD or UUU people say that you make decision, it's your own brain that does the thinking.  if you depend on what other people say, you can REALLY fit in low class category, honestly. but again, that kid is the one who interpreted and said that I said that you are a low class people, the words doesnt comes from my sentences. so, if you believe his interpretation, you will naturally act like one...
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Honestly, do you own any property? If market crash, will you get affected directly or indirectly?
CloudAtla$
post Jul 8 2013, 11:26 PM

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QUOTE(Dern @ Jul 8 2013, 06:36 PM)
well, if you like to accept yourself as that as what that kid say, then be my guest. anyway, nobody knows who you are afterall, this is cyberspace.

what have been proven wrong ? it would be a bit stupid to think that property market is a stagnant market that only can go up and cant come down...but when it comes down, only the stupid & greedy ones who would be in trpuble, possibly comitting suicides, hope not involving the families too. it sounds senstive, but it happens in reality. this is afterall cyberspace. dont have to use your own stories to "show" to people, any stories can come up in cyberspace anyway.....not that im saying you are lying.

and more importantly, it's not what the DDD or UUU people say that you make decision, it's your own brain that does the thinking.  if you depend on what other people say, you can REALLY fit in low class category, honestly. but again, that kid is the one who interpreted and said that I said that you are a low class people, the words doesnt comes from my sentences. so, if you believe his interpretation, you will naturally act like one...
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Honestly, do you own any property? If market crash, will you get affected directly or indirectly?
CloudAtla$
post Jul 8 2013, 11:52 PM

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QUOTE(Dern @ Jul 8 2013, 11:31 PM)
you cant read between the lines can you ? im not affected in any way should a market crash happen  brows.gif

usually, when a market crash happen, it's either you own something or own nothing at all. the rest in between will be in deep shit, that is for sure...a 100% guarantee.
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I cant read it. But I guess you don't own any property but if market do crash, the economy also bad. Sure business will be bad, and your job indirectly may get affected.
CloudAtla$
post Jul 9 2013, 10:17 AM

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QUOTE(DernJul 9 2013 @ 12:51 AM)
a guess will be as good as a guess only wink.gif
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Ok, let us continue guessing whether you own a property or not. But its no a shame if you own one whether you are fr ddd or uuu camp. A home is a necessary.
CloudAtla$
post Jul 9 2013, 01:32 PM

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QUOTE(tikaram @ Jul 9 2013, 11:57 AM)
hihi  i also just out of curiosity, i was wondering what's the criteria to buy low cost house ? does the government do check who can be elligible to buy ?

Am I also don't own any properties?  cry.gif
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Mind you reveal how many property you own?
CloudAtla$
post Jul 9 2013, 08:35 PM

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QUOTE(AVFAN @ Jul 9 2013, 06:01 PM)
interesting u keep asking how many props people hv.

to be polite, best u tell how many u hv first.

or yr intention here is to brag like some others?
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Something interesting to pounder. If one so sure market going to crash, shall one quick hand quick leg sell off his only home staying? I have one property i called home, shall I sell it now? And buy back later whn market damn cheap after crashed.
CloudAtla$
post Jul 9 2013, 08:42 PM

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QUOTE(Steven83 @ Jul 9 2013, 07:14 PM)
Dern have free cash and no debts. Its as easy of 1,2,3 for Dern to survive the crush and jobless for years. While for flipper...hahahaha....bankrupt is coming for them.
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Really? He must be the richest among ddd camper.
CloudAtla$
post Jul 10 2013, 11:31 AM

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QUOTE(Steven83 @ Jul 9 2013, 10:54 PM)
rich or not won't be an issue...as long Dern is debt free.
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Hope one is debt free for the right reason. You dont want to be debt free for the very wrong reason.

This post has been edited by CloudAtla$: Jul 10 2013, 11:38 AM
CloudAtla$
post Jul 11 2013, 09:41 AM

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QUOTE(AppreciativeMan @ Jul 10 2013, 11:21 PM)
PENNILESS, BROKE are debt free ppl......
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+1 you are right.
CloudAtla$
post Jul 11 2013, 09:51 AM

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QUOTE(Dern @ Jul 10 2013, 11:24 PM)
errmm, everyone here, does building PRIMA houses after election sounds like government's effort to gain more votes ? In fact, it's a risk for the people to see if they want to give vote to the current government in the next election...

he implies he's a clever person in all his replies....hmmmmm, i wonder.
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Dont put too much hope on PRIMA.
CloudAtla$
post Jul 11 2013, 11:01 PM

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QUOTE(Dern @ Jul 11 2013, 07:30 PM)
if you are agents or people with high income or working for developer of course you would say that....anything that is under government should have 1 advantage, at least the developer wont go wrong like Talam case.
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Amazing that you are putting so much trust on the government. If you worry about Talamgate, then we can go for reputable developers like spsetia, mahsing, osk, sime darby, ijmland and many others. The success rate of Prima is still a question mark. And why we still need prima when one predict market going to crash soon? It will take another 3 years for Prima to complete if they launch it today. If we need Prima means market still will sustain for next 3 years?
CloudAtla$
post Jul 13 2013, 05:19 PM

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If one can only afford rm100k house, best is to look at that range of subsale house in the market. I think there are plenty of subsale price range property out there for one to choose according to his affordability, but may not to his liking. But let be realistic. Otherwise will have to wait for market to crash to buy cheap home. And I think Prima is hopeless, judging from our government past performance.
CloudAtla$
post Jul 13 2013, 07:29 PM

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QUOTE(debbieyss @ Jul 13 2013, 06:17 PM)
I have done 2 part time jobs. If i can i will do more, but i am very tired.

I dont mind the housing price getting higher, but it doesnt mean i am willing see the price rising 50% higher after 2 years where our salary rise only 5% per year.
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Spend to what you can afford. Its all about planning. Strive for self improvement and make things happened rather thn waiting for things to happen.
CloudAtla$
post Jul 13 2013, 07:51 PM

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QUOTE(greenstuff @ Jul 13 2013, 07:44 PM)
Actually many people might miss out something, there're many Kv outsiders move to KV to study and eventually found a job here. Despite sending parents pocket money back to hometown, they also need to pay the rent, utilities bills, medicard(coz parents didn't buy for them), car installment(no free car from parents), travel fees(go back hometown once a month) and etc. in this case no matter how hardworking you are, you already lose at the first place because you have too many bills to pay before it comes to savings. In short, young people staying with parents (+ if have FAMA foundation) will have great advantage at the starting point.

I was a typical example. I worked two jobs, before I go to work everyone is still asleep, and when I came back from work everyone already asleep. I was caught by my students and neighbours falling sleep at car park for hours because I was too tired, and I met few accidents before I didn't had enough rest. I always buy cheap Malay food at the roadside and I ware used clothes. I never go into cinema and I never had vacation because I couldn't afford one. I was just hoping that I can save enough to continue my studies but I didn't manage to.

But it never end of the day, I survey, I read, I invest. I continue to work hard, when my same batch of friends graduated from Uni I owned 3properties and every month they give me positive cash flow. I thank God that even I dropped my studies and I didn't give up because the tougher the life is, the stronger you become. I have clearer vision and target because I know my hardwork will give me return, and it does. Don't feel sad if you are at the same situation like I was, we just need to work extra one step to get what we want. Find properties within your comfortable budget and please study well before you buy any, good luck!
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+1

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