QUOTE(EddyLB @ Jun 5 2013, 10:17 PM)
That is the million dollar question !
The DDD camp can keep on saying it will crash 1 day. And historical trend showed this day will definitely come because everything that goes up, will come down. So, they are bound to be correct 1 day.
But when ? By believing "that day" will come, they have lost so much opportunities. They have missed the boat this round while many others make money. Of course, there is always risks to invest. High risk, high return. No risk, no return.
I have seen so many people become millionaires for the last 6-7 years, all because of property prices going up 2-3 folds. Buta-buta a man walking on the street who bought 2 DSL or 2 Condo in 2006 onwards is a millionaire now. Those who own land make even more money. Although many millionaires are still on paper, but at least they are millionaires in their own rights.
Sometimes, I really pity those who missed the boat. Opportunity of a life time is lost. Some DDD camp like tat3179 and tikaram realised their mistake and turn to BBB mode. So, it is still not too late. I think they are clever, because they 不跟钱过不去. Whereas some die hard DDD camp still in denial mode after so many years and never given up on their belief. The only good thing about holding to their belief is that they limit their risk
As long as an investor has holding power, it is never too risky to invest. Even if the market crashed, but in long term property will shoot up again as proven in the 1980s and 1990s (2000s property market never really came down). So the key is holding power. If an investors have other sources like a job to service bank loans, even if it is not tenanted, the investors do not need to do fire sale. The real risk is the investor does not have holding power and over-leveraged.
Sorry to let you know...please stop saying i am BBB mode.
I am SSS mode la.
I bought most of my property before i join lowyat.net and now selling slowly as I see 2016 generally is very hard ( which also explained my DDD view going forward)
I was buying 3 cheras mrt new properties after joining lowyat bcs i can get associate special discounts. and see govt is doing good this on the LTV and RPGT... and thinking of moving to UUU camp if PR won... but the outcome is the history...... after that a friend share with the mrt route and enter the kepong rental units ( which is on fire sales)
Next time please do not quote my name BBB mode.
if you wanted to quote my name and BBB mode please show me which one from now 06.06.2013 onward ok?
One things, i never said it will be crash....I said, I forsee it is going down...... if more & stronger govt policy like the LTV30% and te RPGT etc... I might shift camp to UUU camp.
Those that i asked not kacau me and in my inoring list... again sorry and plese let me alone. No offence.