Peri kor,

No exit plan mai pay installment lo ... lol ...

If think "Exit Plan" I think most of the people here can hardly make a move...

Frankly speaking, I dont think bank have a proper "Exit Plan", if let say market crash or BLR increase. Borrower cant afford to pay installment lead to bad debt.

Even lelong the property also not sure how many potential buyer willing to buy those SOxO unit...

Let's hope things go well all the way!!!

cannot, end up goes to lelong and blacklist in CTOS. Chinese very like "jaga muka" cannot failed, not dare to fail. But like to show off here and there. haha

I dont want end up like this. Entering without risk assessment and back up plan. Some BBB boat will end up at Holland.

The gimmick used by government and bank is " your RM 200k saving in bank is covered by PIDM for FREE" But who actually did make such claim until today?

Even banks no more funds to dispose, who the heck come out the PIDM coverage for everyone?

My current exit plan is "work hard, save hard and strive for more increment"

"work hard, strive for more increment" totally agree but save hard put in bank is a no for me.

MYR value is so fragile and unknown in long term. Better search for reasonable sub-sales property to invest...

PIDM is a branding la, no actual case study for reference. Touch wood, if really happen took more than 10years to pay back all the account owner, how??

haha, now i save hard but put in bank to offset my flexi loan of 4.5% interest, some goes to ipo, some goes to paper gold and silver and some goes to Amanah.

Thats why is a gimmick

This post has been edited by peri peri: Oct 1 2013, 03:36 PM

if really need an exit plan, anytime rent out lower 10% or 20% than market rental? no?

when its really crash, you think 10-20% will be good enough to get teanants?
if thats really works, then you will not find any lelong units on the street

well the exit plan is buy mrta and go 14 floor

and let your wife enjoy free house with her new husband.

LOL

well if that cant works then what do u suggest?

Why people always quoted 14th floor instead of 13th floor?

Any logic?

If u wanna buy hauz now, get fixed rate frm aia la.

So many SOxO within klang valley, even in shah alam, cyberjaya... got so many potential tenant or not?

That's why is still pretty unknown for those location as seem like currently more than 70% is flipper/investor.

Who will buy from the owner once is CF. Properly RM500k++ for a 600sf SOHO in cyberjaya. Who got those buying power for own stay?

On the other hand, rental need to be at least RM2k to break even. Big question mark...

When desapark city 1st phase nobody think it would sell for >1m

There are so many example over last 6-7 years. If economy maintain, anything is possible

market is crazy, i heard like 2 mins ago from my colleague his friend secured transacted price of 1.2M semid at bukit jelutong under sd


freaky world

I carry the same view. Storm is imminent, I feel it right now!!