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 V11 - Property Prices Discussion, Intelligent debates only pls

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firee818
post Jun 18 2013, 08:18 AM

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QUOTE(worgen @ Jun 17 2013, 02:40 PM)
I am confused with ddd camp. Not sure what are they doing here? Some ddd camp like TIKARAM even more confusing themself. Every thing about property is bad bad bad in this forum. Really damn bad. But whn come to buying spree, even the uuu camp also have to 2 hands up if try to beat him.

His total buying = 14 bijis. Breakdown for most pessimistic ddd camp TIKARAM as following:

1. Empire Damansara = 2 bijis
2. C180 = 2 bijis
3. Jadehill = 2 bijis
4. Kepong sentral = 2 bijis
5. 7 tree Seven Residen cheras = 2 bijis
6. Alam Sanjung = 2 bijis
7. You city = 2 bijis

TOtal = 14 bijis fr 7 development (both new and subsales)

Tell me, whom fr uuu camp can beat this fela?
*
Are u sure?
Boss Tikaram, pls confirm?
14 bijis x RM 400K = RM 5,600,000-00 book value...
firee818
post Jun 18 2013, 08:28 AM

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QUOTE(zuiko407 @ Jun 17 2013, 11:32 PM)
You have too much worry, what a typical mindset of down camp, that's why we have so many down camp here, scared this and scared that, keep waiting until price went up, then complain price unrealistic and hope for price drop.
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No right or wrong. This is personal preference.
He has his point and is called 'prudent concept'. This is a typical traditional china man style. He/She won't collapse in hard time but this limit his ability to earn more.

firee818
post Jun 18 2013, 11:55 AM

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I feel that housing loan interest rate is gonna to rise in foreseeable future due to the fact that US is going to tighten QE3.

BLR may stay at the current level i.e. 6.6%, but the discount in interest (i.e. -2.4%/2.3%) may be smaller. That is, it may back to BLR-1.8% as in Year 2010.
firee818
post Jun 18 2013, 01:22 PM

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QUOTE(ManutdGiggs @ Jun 18 2013, 12:13 PM)
Mind to share ur opinion on whether to buy b4 or after its tighten. No worries, just for sharing. Thanks
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I will buy b/4 tightening but the price seem high now...
BTW, I just took up a loan in May 2013.
firee818
post Jun 18 2013, 01:29 PM

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QUOTE(Yamma @ Jun 18 2013, 12:23 PM)
i beg to differ. banks having problem with less quality loan nowadays. to increase the rate (lesser -xx%) is do more damage than good. it's not their duty to makesure things under control (no bubble, sustainable property price etc etc). that's BNM and gov duty. and both have no say in regards to the -xx%.
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If BNM (gov't) has no say in regard to -xx%, then the banks may manipulate as they like. You may see the banks will give out creditability loans to good rating persons at BLR-2.6% for instant since it is still higher than fixed deposit interest rate.

If it is, the gov't will be very difficult to control housing price...you like it?

This post has been edited by firee818: Jun 18 2013, 01:32 PM
firee818
post Jun 19 2013, 08:03 AM

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QUOTE(Rooney1985 @ Jun 18 2013, 03:46 PM)
Actually, this is for those who are planning to buy to consider wisely and thoroughly before making a big commitment in their lives.

*
I agree if the properties are held for investment.
I disagree if the property is held for own stay.
firee818
post Jun 19 2013, 08:08 AM

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QUOTE(Pebbie @ Jun 18 2013, 08:57 PM)
So.... is this the good time to buy house now? thinking of buying my 1st house
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If GST confirms to be launched, then yes, it is a good time to buy now.
firee818
post Jun 19 2013, 09:36 AM

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QUOTE(mroys@lyn @ Jun 19 2013, 08:20 AM)
Residential properties and agriculture land won't be affected by GST.
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Yes, u are very smart. The residential properties are exempted supply( not sure about agriculture land).

In theory, they are not affected since they are exempted supply, however, in practice, i doubt the housing developers will absorb this GST input cost. Since the price of the residential properties are not price controllable items, the developers just pass this hidden cost to the buyers.

firee818
post Jun 19 2013, 09:59 AM

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QUOTE(Rooney1985 @ Jun 19 2013, 09:04 AM)
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!!!
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Smart guy, u have considered very carefully before taking a commitment to buy a house(to some, it is the biggest asset)

I agreed to what u had said. However, looking into a wider aspect, you are losing some opportunities that pass by.
Yes, we need to have proper planning but not detail planning. Who can confirm future going to be?
If u think too much, worry this and that, then u may regret at the end!

1). Who can certain future economy going to be?
2). Who can sure that he has a long life?
3). Who can sure that he has x sons and daughters?
4). Who can sure that he can earn xxxxx at the age of xx?

For me, as long as I can pay the installment comfortably now and with some back up funds in the banks is very good already. If I can't pay the installment later on, I can sell the house as in long-term, the property price do appreciate.

Yes, you had come acorss one case to sell their house...but how many % of the married couple sell their house? How many married couple didn't own a house?

BTW, I m referring to own stay.

This post has been edited by firee818: Jun 19 2013, 10:01 AM
firee818
post Jun 19 2013, 12:06 PM

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QUOTE(mroys@lyn @ Jun 19 2013, 11:57 AM)
as our gov haven't implemented the GST yet, no one know the exact taxation system. but from their website and explanations residential properties, agriculture lands and essential food items are exempted. developers do not need to absorb any input cost due to GST. Pls study the GST before putting your comments.
*
Smart guy, kindly explain red highlighted above?

What is standard supply?
What is exempt supply?
What is Zero-rated supply?

This post has been edited by firee818: Jun 19 2013, 01:39 PM
firee818
post Jun 19 2013, 01:44 PM

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New motto:-

you know what you know;
you know what you don't know;
you don't know but you act like you know;
you don't know but you don't dare to ask.
firee818
post Jun 19 2013, 01:47 PM

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QUOTE(EddyLB @ Jun 19 2013, 01:44 PM)
No offence, I think you are the one who should study more about GST before putting your comments  tongue.gif
thumbup.gif

mroysd@lyn does not know what he is talking about.....yet. Until he study more about GST  laugh.gif
*
That is why I change my signature! sad.gif
firee818
post Jun 19 2013, 01:56 PM

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QUOTE(kochin @ Jun 19 2013, 01:48 PM)
luckily you did not infringe on copyright. kekeke.
i like yours too. can i borrow?
*
Yes.
Sorry! i take yours and amend it. sweat.gif
firee818
post Jun 21 2013, 03:06 PM

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米兰兵法:欠债未必是坏事
投资策略 产业周刊 米兰兵法 2013-06-21 14:11

我经常告诉我的学生,即使不需要,他们也应该尽量贷款更多。
我也曾透过书刊表示,只要是好的债务,负债并不一定是坏事。
欠债是好是坏?至少,大部分人不会认同是好事。
但我个人并不是这么看。
只是,什么债务才属于好债务,哪类债务又属于坏债务呢?
好债务,是指基于购买具增值能力的资产所面对的债务;坏债务,则是因“买负债”而面对的债务。
比如说,贷款购买产业,就是好债务;因为随着时间过去,产业价值会增长,从而带来很高的回酬,超越所需应付的贷款成本。
车贷=坏债务
贷款购买汽车,就是坏债务,因为汽车的价值并不会增长,数年后脱售时,你更不会从脱售交易取得任何好处。
很多人认为汽车是资产,但实际上它是负债,为了让它持续维持最佳状况,你必须不断投资。
此外,时间越久,需要投入越多资金来确保汽车处于良好状态。
相反地,产业会持续带来营业额,在10或20年后脱售时,更可预见其价值已大幅增加。
简单来说,会为你增值或创造财富的债务是好债务,可以多欠;无法让你从中赚得更多的债务,能免则免。
借贷买股票小心为妙
不管怎样,我要提醒所有利用贷款来做投资用途的人士,尤其是用于投资证券,如股票和债券,即以这些投资产品作为贷款的抵押品。
银行确实有为客户提供此类贷款,可用于投资所有类型的证券,客户们就会以这些产品作为贷款的抵押品。
然而,由于证券的表现基本上比较波动,银行会特别谨慎地对待这些贷款者,尤其当市场陷入危机时期。
一旦不利局势的事发生,在没有选择的情况下,许多依赖银行贷款大举投资股票的投资者只好宣布破产,因银行在紧急关头一定会逼仓或催债。
银行此举是自保,以将与遭冲击证券相关的贷款减到最低。
所以,借贷来投资股票,必须非常非常小心处理。
采用杠杆手法来投资之际,也必须确保任何意外情况发生时,你拥有后备物品来支撑。
因此,欠债率必须只占你手上总资产价值的小部分。
适时降低亏损
很多人可能不知道,虽然一些贷款配套已提供非常诱人的利率,但事实上,大家还是可以和银行谈判的。
谈判的过程,当然是以争取更低息为大前提,尤其你在某家银行有大笔存款时,谈判空间更大。
争取更低息,在降低亏损方面,有很大的帮助!尤其是在市况突变,你被逼脱售手上的资产时更甚。
当然,每个投资者都必须学会的一点,就是要懂得自律和在适当时候止亏,或设法减少亏损。
许多人经常选择守住,盼望情况尽快好转,这些人其实就是赌客。
切记,当大事发生时,所有事都是大势所趋,个人很难扭转局势,所以,在亏损进一步扩大之前,就必须设法脱离。
米兰多施 著名产业投资大师

This post has been edited by firee818: Jun 21 2013, 03:07 PM
firee818
post Jun 22 2013, 09:54 AM

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QUOTE(AMINT @ Jun 22 2013, 09:34 AM)
Ya lor. I see mostly uuu camp still saying the same thing and not changing their thoughts. But ddd camp only a few left and others are not consistent anymore.
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I thought the best strategy is shifting from up up camp to down down camp or vice-versa base on current economic conditions and review it frequently.

For instant, if US plans to tighten QE, interest rate may going up. So, what is the effect on property price if the interest rate is going up? The effect on property if GST is implemented? The effect on property if subsidy is cut? The effect on property if na loses in Uxxx election?

If die die up camp or die die down camp and yet the current condition reverse, might get burn very soon...

My personal opinion only.
firee818
post Jun 24 2013, 08:35 AM

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QUOTE(lucerne @ Jun 23 2013, 01:40 PM)
compare to 2002 when i first live in sh, the price now has increased more than 10 times. from rmb6k/m2 (my apartment in xujiahui and now worth rmb60k/m2. many ppl do not expect so much increase 5, 10 years ago and keep saying bubbles, bubbles since 2005... (when sh prop 2-3x like now in KL)
i m lucky as i hv gone thru all these when work overseas n start accumulate kl prop since 20 years ago.
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It will be interesting if kl properties undergo such hyper property boom (still haven't stop for the time being in sh)...
firee818
post Jun 27 2013, 02:21 PM

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Palm oil down,
Gold down,
Silver down,
Oil down,
Stock market down,

What next?

Property down?
firee818
post Jun 27 2013, 03:07 PM

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QUOTE(kochin @ Jun 27 2013, 02:27 PM)
interest rates?  tongue.gif
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Interest rates most probably up, imho.
firee818
post Jul 2 2013, 08:11 AM

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QUOTE(AmayaBumibuyer @ Jul 1 2013, 05:14 PM)
Hmm...this is my first post in this forum and I am using the same nick as the in the other forum.

3 years ago I bought a new under constructed apartment around 920 sq ft at 400k. My frens laugh at me and make jokes and said that I kena conned by the developer. I told them, this is the normal standard price in KL, if I dont buy now then when? So I ignore them but I know secretly they wanted me to fail meaning waiting for the price to crash. I was very upset with these people actually. Yes DDD people are annoying not just in the cyberworld but in the real world too.

Now that apartment is worth more than 600k. If I listen to all these DDD people, I would hav shoot myself in the head!

Anyway. 6 months after that I bought another apartment at the same place with size 719 sq ft. At that point no early bird and the price increase by 20k. Why did I buy two? Because I was contemplating to buy a car but then cars in Malaysia are so exorbitantly doesnt  make sense pricewise to buy one then I thought instead of buying an apartemnt and a car why dont just buy 2 apartments? So I bought 2 apartements and it was the best decision I Have ever made. The 720 sq ft is now worth 500k when I bought at 380k.

A few points to ponder.
1. There are many malaysians who will buy cars when cars are just soo overpriced. Nearly half the price of a house. But hey they keep on buying even though you are actually losing money when you buy a car coz cars depreciates. So what about property?
2. There are more malaysians declared bankrupt becuase of car loans and car loans are one of the most defaulted in Malaysia. But did that decrease the price of cars?
3. Which is more important in a Malaysians everyday life. Cars or a house for you to live in?
4. 10 years ago 1 kg sugar is about RM1. Now is RM2.50. So  with property it is going to stay static forever? Have you guys look at oil price? Dont compare with gold laa. Compare with price of oil. You need that oil to build property.
5. And wages in the Banking industry is increasing. Meaning if you are in the right industry, you will have enuff money to buy anything you want. The question is are you going to buy at the manage to "catch the boat" price or are you the sucker that bought at the "miss the boat" price. Check out fresh grad salary for Petronas. I heard it is a lot.

I dont have a car. I use public transport and I live in KL. But I am maybe one in a million here I guess. And i dont even own a motorbike. Too dangerous to drive a bike in Malaysia. Boycott the automobile industry in Malaysia so that they will listen and finally decrease the car price. But then I guess people rather boycott property buying.
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Good sharing. Thank you.
BTW, my personally opinion feel every family (esp. with kids) does need a car at least or you can choose to use bus or LRT during weekends family out dating...

firee818
post Jul 2 2013, 08:37 AM

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QUOTE(hlily @ Jul 1 2013, 06:00 PM)
different ppl have different level of thinking
there is no right or wrong
some may c it wrong but some may enjoy what they decide right.
some may c it right but only wrong they never do it.
*
You remind me a story somewhat like this:-

A group of students asked a teacher, "What is human life?'
The teacher then asked the group of students to visit a orchard just nearby and asked each of them to pick one largest fruit from the orchard but they have to move in forward direction only.

Student A picked a large fruit and gave it to the teacher and said, "While I m going into the orchard, I see a large fruit at first, I thought it is the biggest fruit so i pick it, but as I go further, I see another bigger fruit, I regret to pick the one too earlier as it is not the largest..."

Student B picked another fruit and gave it to the teacher and said, "While I m going into the orchard, I see a large fruit at first. I thought it is not the largest fruit so I didn't pick it. As I go further, I realise that I have missed the opportunity to pick that fruit because it is the largest fruit that I have seen..."

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