With households debt at elevated level and 3% of adults have over us$100k net worth, how many borrowers could have zero balance at flexible loan?

With households debt at elevated level and 3% of adults have over us$100k net worth, how many borrowers could have zero balance at flexible loan?

U must have a plan, or else u plan to fail lah.........not my job to worry about others..

Historically e.g 1997 AFC, 2000 dotcom bubble, 2006 subprime, etc, following the herd is a plan to fail.

U become what  are U ..by reading unlimited edition of failure stories 24/7....u become a part of  the "failure " herd..

Yr choice, but not mine...

It is a no wonder, why only 3% of adults in the kangkong land have over us$100k net worth and the rich is getting richer.

It is a no wonder, why only 3% of adults in the kangkong land have over us$100k net worth and the rich is getting richer.

Few people become rich by investment but those selling investment e.g developers, investment bankers, unit trust management, etc are richer every year.

Like Ponzi scheme, those selling investment will allow the early entrance to make profit to attract the herd.

It is world wide sister , according to Rule of 80/20...

About 80% of the world population is less successful...and they usually follow a herb behavior " Sure to fail, no way to  success  "...noise group

Many " failure"  statements u make so far may qualify u as being  part of this group of HERB  behavior .....

It is world wide sister , according to 80/20 Rule

About 80% of the world population is less successful...and they usually follow a herb behavior " Sure to fail, no way to success , World is unfair to them "...noise group

Many " failure" statements u make so far may qualify u as being part of this group of HERB behavior .....

Good Luck , sister

If inflation rate is elevated e.g 500%, property is one least desirable investment.

Should be a hedge right? Don't tell me price of everything go up 500%, property never go up meh?

Bank loan interest rate track inflation rate, loan interest rate will rise with inflation. Unless income could rise inline or faster than inflation rate, many borrowers will be in default. Almost any fixed assets include property could hedge against inflation provided is fully paid off.

Buying property or any assets with borrowing to hedge against inflation is like walking into a lion den.

got VP for Hyve Cyberjaya back in Aug, and sold both units in oct and nov respectively for about 20% net profit each

just in time to have everything settled within the year.

i have nothing to worry
yup.
sure thing, do share the result ya

Within 2 or 3 years sold two property or above LHDN will look for u albeit u paid RPGT.

Lot of flipper made big bucks in 1120 avenue. If not mistaken 1120 has DIBS scheme.

Sold two unit Hype in CyberJaya. U must be 1st batch buyer. I think that time was selling around 170k to 200K.

U bought Nidoz at 800K for each i believe you're not 1st batch buyer.

Subsales is hard in ciberjaya, yet u still manage to sell with decent profit in this difficult market. Congrats.
Mind to share the original spa psf and subsales psf for hyve?
This to judge how much psf buyer willing to pay for highrise in cyberjaya.

spot on about the tax. I anticipated the possibility, in fact I am more than happy if LHDN comes and look for me to put that as business tax instead of RPGT.
And I am the very 1st batch buyer for Nidoz.
bought around 435 psf and sold around 595.

Reverse the roles. You lend people money at interest rate less than 500% inflation rate, ok for you? If ok, next time I borrow from you during 500% inflation.

1st batch should be around 600k for 1200sqft and 700k for 1400sqft after discount.

spot on about the tax. I anticipated the possibility, in fact I am more than happy if LHDN comes and look for me to put that as business tax instead of RPGT.
And I am the very 1st batch buyer for Nidoz.
bought around 435 psf and sold around 595.

bought around 435 psf and sold around 595.