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V11 - Property Prices Discussion, Intelligent debates only pls
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plumberly
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 Jun 20 2013, 11:15 AM
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QUOTE(teohkpin @ Jun 20 2013, 10:58 AM) I commented in version 10 that everything is looking too rosy with bond yield all time low, equity all time high and property prices all time high, all dirven by liquidty. With the unwinding of liquidty now, MGS yield has steppened, USD to RM today 3.197......next should be equity, which we will see a huge reversal of foreign fund...... Property? if market panic......i think we will see people locking in profits, more selling than buying and price will drop.....coincide witht the oversupply of high rise coming 2014. If i am thinking of buying, i will hold on first.....i think we should see some correction (>10% drop in MV) in 2Q14. Just my thought..... Went to see some houses last week and in a dire strait ,hanging there with no decision whether to buy or not. I also forsee (rather hope) of a property down turn considering the supports our economy is sitting on, all time high supported by US QE. The crisis in Europe and the slow down in China are not good news either. My 2 cents. Cheerio. |
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plumberly
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Jul 5 2013, 07:14 PM
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I am lost on where the property market is heading to. Thus tried to get some indication from property index. See below. 
a. A slight dip on the right end. Too early to say, I guess. b. From the graph, no peak yet since 2000. When was the last property peak? If the last peak was in 1998, property market has a rather long cycle time, now 2013-1998 = 15 years since the last peak. They say property market is a leading indicator of the economy. So, good to keep an eye on thsi indicator. If you have other property indicator, please share. Thanks. |
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plumberly
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Jul 9 2013, 03:40 PM
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Saw a graph in my email this morning (UK house price). Looks familiar to the M'sia house price graph I showed earlier. Yes, I know, I am comparing 2 different time scales here (quarters vs years). And I may be jumping to conclusion too quickly. But food for thought on our M'sian property market. My 2 cents. |
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plumberly
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Jul 10 2013, 09:18 AM
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QUOTE(AVFAN @ Jul 10 2013, 01:36 AM) a long article, do read and decide if it's pretty accurate or all bs. the article is bearish, of course. excerpts: Thanks for the infor. |
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plumberly
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Jul 10 2013, 12:12 PM
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QUOTE(Rooney1985 @ Jul 10 2013, 12:09 PM) It doesn't matter how many you picked up yesterday, last year, or in the past 8 - 10 years... . the most important thing is ... NET WEALTH.. no point picking 5 properties and drown in debt... I don't see any sense in that.  Well said. Wise words from a wiseman. |
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plumberly
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Jul 14 2013, 03:04 PM
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QUOTE(debbieyss @ Jul 14 2013, 01:52 PM) I have an urge to dig out the versions of this thread that posted during 2008 - 2010, to see who is boasting and who is not. I'm just being too regretful that the moment I started to know about stock market was end of 2008 and property market, only since last year. If I would have learned much about stocks and property, I would have well planned and prepared enough. I know I can work harder, but still, it doesn't mean my salary + part time jobs increment can beat the increment of housing price. Sadly, working harder and harder is not the best choice but apparently this is the only choice. Suggest reading this book - 5 Lessons From A Millionaire Friend on Life & Wealth. Not really on shares or properties but the basic wealth foundations. Happy reading! You said you missed the opportunities in the past. There will be a few more of this cycle in your life time. Study, plan and action on your learning. Cheerio. |
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