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 V12 - Property prices discussion, For non "UUU" and "DDD" campers only...

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SUSAmayaBumibuyer
post Jul 18 2013, 10:47 AM

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So then where is the logic that only UUU feeds corruption?
SUSAmayaBumibuyer
post Jul 18 2013, 11:11 AM

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QUOTE(Rooney1985 @ Jul 18 2013, 11:03 AM)
wow... very persistent...  rclxms.gif

why because like I said in my previous posts (twice), don't expect everyone to accept your opinions and don't always think that you're right... you must listen to others sometimes and reflect on your statements and actions... Everyone has the right to their opinion... and its good to keep a broad mind... oh and to relax la... don't be so uptight.

Btw, you're assuming that corruption for cars is worst than property...  biggrin.gif The statement I like best above is ... Nearly all eateries have to pay protection for them not to be kacau... WOW!!!! I think this can be labelled one of the biggest assumptions to date...

Sigh... okay la... you win, you win... corruption is fed by people (as stated by you), there is corruption in property (as stated by you) but corruption in cars is worse (as stated by you) but please do not stop buying properties (as stated by you)... I.e. its not okay to feed corruption through buying cars, but its okay to feed corruption through buying house... okay.

I accept.. please buy...

and to avoid being banned.... I hereby announce... boleh-land market will not crash... will only up up up...

whistling.gif
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Bro, I believe you were the one that blame ONLY the UUU people feeds corruption. Of course la the UUU will take exception on that. And the point is everybody is feeding corruption. Nothing to do with property.

And yeah corruption on car purchase is worst than property. Because it so embedded in the lives of Malaysian that everybody accepts it and no one wants to do anything about it and if anybody does, people think they are weird. That is how bad corruption on car purchase.
SUSAmayaBumibuyer
post Jul 18 2013, 02:23 PM

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QUOTE(Rooney1985 @ Jul 18 2013, 01:55 PM)
Bro, I didn't blame anyone... it was a question... please refer back... thanks...

whistling.gif
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It was a question implying the up campers are the one to be blamed.

Hey it is like me asking here.."What do the down campers want? The economic tank and the whole of Malaysia jobless. I hope not"

Chage the "down campers" to "up campers" and change the "economic" word to "corruption". That will be your sentence.
SUSAmayaBumibuyer
post Jul 18 2013, 02:37 PM

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QUOTE(Rooney1985 @ Jul 18 2013, 02:32 PM)
Its how you interpret it my friend... you can always think "no"... like when I read your question I think... "No... that's not what I want." Its your position and emotions that cause you to jump straight away. Relax and open/ broaden your mind... don't be so up tight... I'm sure even in worst case scenarios many have contingency plans IF (big IF, so that people not so uptight) market crashes... not that I'm saying it will, and not that I'm saying it won't... just saying in the event... IF...

Relax la

whistling.gif
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Very cunning of you to imply that I was the one emotional. But between you and me, we know what you implied.
SUSAmayaBumibuyer
post Jul 18 2013, 03:11 PM

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QUOTE(agentdiary @ Jul 18 2013, 03:07 PM)
our neighbor already issued official warning (2 months ago) to its citizen, as usual Malaysia is 'not affected' and remain bullish ...in pseudo

Singapore

Indonesia

Always hard to resist laughing when seeing people simulating rate high budget by 25 or 50 basis point. Totally defeat the purpose! They should take into account 200 basis point or higher. Keep laughing if you think it's an outrageous scenario.
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Its already taken into account because in the end I need a house to live in.

So if the interest rate increase will you start buying?
SUSAmayaBumibuyer
post Jul 18 2013, 09:53 PM

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Well dont need the Star to tell you guys that.

It has been my and probably a few others points as well all along.
SUSAmayaBumibuyer
post Jul 19 2013, 06:16 AM

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QUOTE(debbieyss @ Jul 19 2013, 12:46 AM)
http://www.starproperty.my/index.php/artic...prices-to-drop/

“The same thing applies to other cities like Singapore and Hong Kong – your first property will usually be a 700 sq ft condo and later as your income and family expands, you can go for bigger units in better locations,” says the writer of How You Can Get Rich from the Property and Stock Markets: What the Rich Invest In and How You Can Do the Same! and How You Can Become a Multi Millionaire Real Estate Investor."

I can't understand why people keep on telling the bolded part.

My understanding is very simple -

Eg.
Year 2000 - income RM2500 - 700sf condo RM500K

Year 2020 - income RM4500 - 700sf condo RM1mil

The speed of income rise can't align with property price.
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Dont just look at income la debbie. Population. Demand and supply. Factor all that. Inflation. Macam macam adee..

Year 2000. What's the population in kl?
Year 2020. What's the expected populatin in kl?

And you still haven answered r u willing to buy a rundown flat of 600 sq ft for 100k in d middle of kl that is still in d market right now? That means u dont want too. Also means you and actually everyone is picky. So how can good property in good location is going to be cheap? Ask yourself that.

This post has been edited by AmayaBumibuyer: Jul 19 2013, 06:18 AM
SUSAmayaBumibuyer
post Jul 19 2013, 09:11 AM

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I am sorry..a 600 sq ft for 100k is not affordable?

Haven't I been talking about affordability all along?

And don't try to be cunning again and say i am emotional or wutever.

This post has been edited by AmayaBumibuyer: Jul 19 2013, 09:12 AM
SUSAmayaBumibuyer
post Jul 19 2013, 09:27 AM

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QUOTE(Rooney1985 @ Jul 19 2013, 09:22 AM)
Sigh...  yawn.gif

You mentioned cheap in your post instead of affordable... and I think Debs was meaning affordable...

600sq ft in the middle of town for 100K, if you solely base your decision on price then its affordable... see this is a typical sales guy trick... that's the selling point... so you have to read the smaller writing and in between the lines la and in this case, to also consider the surroundings, condition of the place, remaining tenure, refurbishment work/ cost required, etc, etc... Once you put all that in then you rethink whether its affordable or not...

Please try harder next time... don't even have to be cunning la... you're a walk in the park

yawn.gif
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See trying to be cunning again and say it is my fault. U telling me u don't get what I meant and it is my fault is it?

I use the word CHEAP that means it is MORE than AFFORDABLE. Understand?
SUSAmayaBumibuyer
post Jul 19 2013, 09:31 AM

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QUOTE(tikaram @ Jul 19 2013, 09:24 AM)
Year 2000. What's the population in detroit?
Year 2020. What's the expected populatin in detroit?

http://www.economist.com/blogs/democracyin...iles-bankruptcy
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KL is not detroit and detroit is not KL.
Detroit is a city that specialized in building cars, KL is not. KL wants to be a financial hub and doing a good job by attracting foreign banks.


SUSAmayaBumibuyer
post Jul 19 2013, 12:06 PM

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QUOTE(Maximo1 @ Jul 19 2013, 12:02 PM)
If you can earn from 500 K RM++ per year. Your dream city to live will be KL or Singapore? I do think you don't what to move out from here, KL. So many people from many country saying good about Singapore but they don't want to stay there too. That is a big matter I think for far future of Singapore.
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Yeah not many open space. That is what I said, if a Malaysian works in Sgpore.. at least if not all of them, the majority would have bought property somewhere in Malaysia. If it is not KL, then Johor.
SUSAmayaBumibuyer
post Jul 22 2013, 02:32 PM

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It is not about good luck and timing too. 2010 u guys still talk about bubble right?

It was a judgement call for me. I took the risk and bought the apartments becuase bubble was not making sense to me back then given the information that I have, and I dont think there is one now.
SUSAmayaBumibuyer
post Jul 22 2013, 02:49 PM

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QUOTE(kidmad @ Jul 22 2013, 02:36 PM)
bro to say there is no bubble that's not true.. bubble is building up everyday it's whether can the market still support it.. Looking at the progress right after election... it isn't really a good sign man... but to have it blow out of a sudden it's impossible la. let's monitor the subsale market. as long as the subsale market is still going on.. we are safe.. but the moment the sub sale isn't moving then we would need to be really cautious by then. again if you buy within your capability your gonna be safe.
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yeah the correct word should be I believe, if there is a bubble, it will not burst soon or at least this year. I dont see it happening this year.

2010 how many people convince me not to buy property and saying there was a bubble and how many people I tried to convince to buy Amaya with me but they didn't take it? roughly 10 person. I didnt want to buy Amaya alone, it would be nice to have somebody I know bought with me. But none took the offer because of the bubble rumors.
SUSAmayaBumibuyer
post Jul 25 2013, 10:06 AM

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QUOTE(kidmad @ Jul 25 2013, 09:24 AM)
Well if that's the way you want to play your words. Can't help.

But again please go through the Japanese Economy and how the props had turned out to be today.. KV is no where near them. In Japan Execs would not be able to afford a home unless they are living an hour away from the main cities. In Malaysia? Please use a proper comparison.
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First he wants to compare KL with Detroit...then Japan...what's next, Timbuktu? Everywhere I see, see people buying properties in real life and in forums. Because they all need a house to live in, and they are all, as I see it buying within their means. Can't buy in KV, buy in Kajang, can't buy in Mont Kiara, buy in Sri Petaling. Any good launches in KL, buy Fennel. Market is still there.


SUSAmayaBumibuyer
post Jul 25 2013, 11:07 AM

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QUOTE(cybermaster98 @ Jul 25 2013, 10:57 AM)
Question to all:

Do you think there is going to be a major property slump in Malaysia sometime in 2015-2017? Please give your reasons.
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I don't have a reason but if there is a property slump, it is not going to be major. When major I mean at most probably 20%. But 20% is still very conservative
SUSAmayaBumibuyer
post Jul 25 2013, 11:13 AM

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QUOTE(tnchsg @ Jul 25 2013, 11:01 AM)
if i am a bumi investor, i will never buy bumi lot for flipping, there is no resell value at all...
gov put this requirement just to make the ordinary houses become extra expensive (to compensate the bumi discount) and create more vacant units...
bumi discount should really award to 1st or 2nd time bumi house buyer, in order to help them...
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Correct I know one bumi investor who only buys non bumi lots for investing. Malay reserve land much worse, if you buy on that land you can only sell to malays only. If you got no chinese market, then it is not worth it. Same as the feng shui issue, if feng shui not good, no chinese wants to buy then the house just dont appreciate.

But then indirectly this helps in a way to curb speculation and bubble, especially on the bumi lots. I bet you guys haven't thought about this. Let me put the idea here in then.

This post has been edited by AmayaBumibuyer: Jul 25 2013, 11:14 AM
SUSAmayaBumibuyer
post Jul 25 2013, 11:21 AM

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QUOTE(cybermaster98 @ Jul 25 2013, 11:18 AM)
Based on what reasoning?
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I would say based on the example of 1998 Asian financial crisis where KLCI went as low as 200++ and property hardly move. I mean that is what I would give.

Now I have to get off my lazy ass and get back to work.

This post has been edited by AmayaBumibuyer: Jul 25 2013, 11:24 AM
SUSAmayaBumibuyer
post Jul 27 2013, 10:01 AM

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The topic reopened..then i saw a few new posts then i went in again and some disappeared already...did I imagine that?

Anyway i had a meeting in my bank 2 days ago. They highlighted the household debt is 80% of gdp...well we need to watch out, but dunt believe should not concern us dat much...yet.

In the meantime, if dont have a house buy one.
No need to think about it. Let say interest rate increase, would only then we want to buy? Doenst make sense. Only if dont hav one u buy

for investment..maybe should think twice.
SUSAmayaBumibuyer
post Jul 27 2013, 10:04 AM

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QUOTE(CloudAtla$ @ Jul 27 2013, 06:00 AM)
This thread been closed, reopen, thn close again. Same cycle again after awhile. Wft. By the way, who really think whatever discussed here will influence the market?
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It wont influence the market but if one was an avid forumer, it will influence the buy and sell beahviour of that particular forum visitor. I know. Not me laa, a fren i know. However that doesnt mean that it is not good.
SUSAmayaBumibuyer
post Jul 28 2013, 05:39 AM

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QUOTE(all blacks @ Jul 27 2013, 08:43 PM)
That's a very interesting statement (Bold sentence)... Let me ask u a question, how long is the usual housing loan take up by most people? 20 - 35 years? Maybe for the next year or so, the interest might stay low but how if it increases just by a 1- 2% n stays tat high for the remaining years.. I guess the damage for the next coming years will be much higher.. So suggesting buying property based on current interest rate might nt be such a gud idea... However for own stay it shouldn't b an issue if u buy within ur capacity now... if u stretch too much, even for own stay might end up in deep shit..
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Factor in the increase salary that we should be expecting as the years gone by, increase interest rate should not be an issue, factor in the potential combine income with your spouse when you get married too if you are single. How mane basis points will BNM increase? If they want to increase, might be just another 25bps. It should be alright for everybody in my opinion. Can,t be increased 1% or 2%. Cant believe the FED will be doing that. That will be suicidal for US. That was why Bernanke took back his statement last time, but the damage was done, long term yield increased. But as I said, expect that your income should increase in d future. Do we expect in 10 yrs our income should be the same as what u are getting now? Me myself expect that it should be increasing next year. And if i am married, if there is trouble, which i dont think so, my wife can chip in a bit.

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