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Investment 4 Critical Signs of a Bubble Market, Property Investment

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SUSjolokia
post Dec 26 2013, 10:17 AM

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QUOTE(tat3179 @ Dec 26 2013, 10:04 AM)
Bro....you sure you know what you are talking about?  biggrin.gif

You do know that banks cannot charge principle payment on properties until full VP right? You only pay interests right?

And that DIBS covers the interest payment until VP?  biggrin.gif

So since DIBS has been covered by the developer, on what grounds does the Bank get to foreclose and lelong a undercon prop.

I know you kan cheong wanna see the whole prop market collapse so you can finally join in with the rest of the investor, but if you wanna spread panic also please post with some sense lah....
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Should be 288 residency.
I know owner only getting key on November or December but I saw it on Auction list already, anyway I am not interest that particular condo.

I know u have some unsold unit & dead worry price will tumble, no need to white washing the present senario. .lol

This post has been edited by jolokia: Dec 26 2013, 10:19 AM
SUSjolokia
post Dec 26 2013, 10:24 AM

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QUOTE(tat3179 @ Dec 26 2013, 10:19 AM)
Oh yes, I am actually now busy buying paint and paint brush...

got loads of dirty walls to whitewash...

CNY coming mah.... biggrin.gif
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http://www.propwall.my/classifieds/1626362...y%3DCondominium

http://www.iproperty.com.my/propertylistin...ominium-forrent

U tell me what is this ?

Ur damage control don't work lah ! icon_idea.gif
SUSjolokia
post Dec 26 2013, 12:09 PM

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QUOTE(tat3179 @ Dec 26 2013, 10:30 AM)
Cheh....some agent go use random AUCTION sign you so kan cheong already?  biggrin.gif

both postings are very confusing, Iprop one states it is for rent, and then some irrelevant posting on how much psf.

Tell you what, why don't you actually call up the agent and ask for clarification and get back to us all here.

Also, bro releklah bro.

2014 prop market is going to slow down, and very likely stagnate.

Don't cum yet just because you saw ONE unusual auction posting in iProp or Propwall...

I am afraid if the market really crash 2014 you cum everyday then you die from heart attack how?  biggrin.gif

Take care of your health bro.... biggrin.gif
Just to add...I checked the classifieds and it looks like VP given already, and plenty out there for sale....

Why are you so excited over ONE auction prop out of god knows how many out there for sale...? biggrin.gif
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By the time it crash I will be busy collecting sardines fish like in Lahat Datu..lol

No need to curse I die of heart attack just because I have different view point from you. .sigh




SUSjolokia
post Dec 26 2013, 01:45 PM

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QUOTE(Wiredx @ Dec 26 2013, 01:21 PM)
But nobody will admit to being a bull - everyone's a careful investor tongue.gif
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Many like to "bull" here, says very steady no worry the moment someone post not so good news, heart pausing & start cursing people die of heart attack..

LYF seem to attract lot of low standard forum members, yes tat3179 & Donald Trump (wannabe) u 2 r included.

SUSjolokia
post Dec 26 2013, 03:38 PM

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QUOTE(davidsoonkk @ Dec 26 2013, 02:05 PM)
In my opinion, price for property will not crash. there is few reason:

1) increase of building material price
- developer will not bare the cost they will increase the property price
2) increase of demand
- the new trend in Malaysia is no house no married, so for those who want to married still need to buy property.
3) no more good land
- for those in good location don worry, the land is getting lesser
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Let me counter u.

1.) Building materials price go up due to high demand & limited supply, when demand drop price will also drop same like Oil in 2008.

2.) Malaysia particularly chinese married late & more & more single, nowadays people have less & less children's, so population shrinkage, future demand less & less.
3.) Plenty of good land depends how u market it, place used to call kepong can turn into high end desa park city, just add damansara this & that Bangsar this & that sudden turn to good land ..lol

All your point is developer & property agent bullshit lah..
SUSjolokia
post Dec 26 2013, 03:41 PM

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QUOTE(tat3179 @ Dec 26 2013, 02:17 PM)
Bro chill bro...this is a forum, not a life and death arena.... biggrin.gif

Remember your kids at home man!  biggrin.gif
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Think before type, u r not those kid at home.
SUSjolokia
post Dec 26 2013, 06:38 PM

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QUOTE(OldKidz @ Dec 26 2013, 06:19 PM)
Can teach how to get the figure for above?

Let say rental is RM 1500, monthly payment is RM 1700, house property is around RM 450k.

What's the figure I get for above quoated chart?

Thanks for teaching.
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1500 X 12 = 18000
18000 ÷ 450000 X 100 = 4%

SUSjolokia
post Dec 27 2013, 08:18 AM

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QUOTE(kurtkob78 @ Dec 26 2013, 09:05 PM)
The ltv is to prevent too many dead chicken. Blr increase will inc. Dead chicken
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Sell your dead chicken to us cheap2 we have way to resurrect it.. tongue.gif

QUOTE(ekudz @ Dec 26 2013, 11:32 PM)
just found this thread .. interesting!
im renting in flora damansara and currently the retail price for an apartment highest is 200k average .. early this year the highest is 160k .. the place is overcrowded .. no public transport .. overall is bad .. but it located center to everything ..

i wanna ask, the price is set by real estate agents or banks? because i ask once from cimb about 1 unit in flora early this 2013. they quote me is 140k max only .. but the agent selling for 170k ..

really need otai opinions when is the good times to buy a unit.

» Click to show Spoiler - click again to hide... «

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For own stays best time to buy is "NOW" either the price went up or down in future is non of your business until you decide to sell it later which could be 5-10 years time by then sure price will reach 500-600K.

Faster buy before price go up then no more house below 200K in the market.

Don't believe in bank then r chicken, they r too conservative, they alway quote lower to save their axx.

If you don't buy now after CNY will shoot up to 250K by 2015 maybe 300-400K easily as GST implementation.

Don't wait go ahead buy now, the older your get the lesser loan you can obtain. Go Go Go thumbup.gif
SUSjolokia
post Dec 27 2013, 08:44 PM

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QUOTE(plumberly @ Dec 27 2013, 08:25 PM)
My view is, the valuation will be used as the loan amount and the bank needs a REAL asset of that worth should later they need to take over the asset if the loan customer cannot pay the loan any more.

My 2 cents.
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Can't blame those amateur who donno that is no such thing as "market price"

Just because i found a dungu who is willing to pay 1 million for my property doesn't mean my neighbour can get 1, what if my neighbour buyer is damn kao keng negotiator or his/her buddy, end up selling 850K then which is market price ?

Remember property price can up as well as going down, if next year economy getting worst or interest go up, another one of my neighbour sell for 750K ? Then for sure that dungu who bought my house has high possibility become defaulter, then the bank take the 300K loses is it ?

If u wanna be a fool buying property at over inflated price, bank would not be stupid enough to take the risk to bear it, let the dungu come out with 300K cash to take the risk.

Only desperate agent & wannabe flipper don't understand such simple fact..sigh
SUSjolokia
post Dec 28 2013, 09:25 AM

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QUOTE(HeartRock_Cafe @ Dec 28 2013, 08:34 AM)
1st thing 1st, does he know what is subprime  rolleyes.gif
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I read his article clear & precise he is talking about subprime which part you don't understand ??
I am afraid u r the one ignorant about subprime.
http://www.investopedia.com/terms/s/subprimeloan.asp

Please note he is talking about a special property loan to civil servant.

On a different note can a average urban earning 6200 affort a average KL property at 620000 ??
SUSjolokia
post Dec 28 2013, 10:31 AM

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QUOTE(tangibee @ Dec 28 2013, 10:13 AM)
If you are earning 6200 p.a.(??), normally you dont expect yourself to go for 620000 prop. Simple, stay where you are and work harder. If 6200/mo then no prob. Sap sap sui.
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Offcoz per month lah ! if per year need to live under the bridge in kl already..lol
yes with 6200 gross probably one "may" get 620000 loan max 35 years, what I mean is can u afford to live a decent life after paying the monthly installment, don't forget there is car loan, personal & family expenses plus a bit or emergency saving fund.

Frankly I have no idea how bank allowed 70% income going into paying household debt unless living with paying 5% min credit card debt to stretch one financial capabilities beyond max point or hutang here & there. .sigh
SUSjolokia
post Dec 28 2013, 12:09 PM

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QUOTE(gspirit01 @ Dec 28 2013, 11:55 AM)
For monthly rm6200/mon.

Quick est:

Epf n income tax - 600 + 500
Car loan - 800
500k loan - 2500

Remain - 1800 for everything else.  Taugh life in big city!

If working for people, 6200 is for manager and above.  Poor middle income.
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Nowadays Manager also susah..lol

High income nation by 2018 mah ! So must increase price then u all will find way to increase income loh ! if not u all lazy bum become so free to gather & ask for price turun... brows.gif
SUSjolokia
post Dec 28 2013, 05:39 PM

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QUOTE(HuiChyr @ Dec 28 2013, 04:12 PM)
You are the one that's humiliating yourself.  nod.gif
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Can't blame him/her is Heart Rock Cafe not Hard Rock Cafe ...lol

Just covering his tail after realising his// her mistake,

Heard that PR1MA also under a different loan scheme which govt has not decided how to finance it... hope not another subprime in the making..lol
SUSjolokia
post Dec 28 2013, 05:45 PM

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QUOTE(tat3179 @ Dec 28 2013, 05:24 PM)
Aiyah this is for sure...next year....very few launches by developers.

Prices will stagnate. Current launches will have difficulty selling all units.

Heck, the subsale prices may also come down abit.

Basically, we will have a slowdown for at least another 6 months

DDD camp happy yet? biggrin.gif
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Only when tat3179 desperately need to dispose his holding then i call perfecto .. whistling.gif
SUSjolokia
post Dec 28 2013, 09:39 PM

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QUOTE(cockee @ Dec 28 2013, 06:53 PM)
So far.. I dun find Heart Rock as convincing as those he or she accused of knowing nothing..
Just my five cents.
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Just trying to cover his cough2 his smoking axx after making a blunder statement on subprime. biggrin.gif




SUSjolokia
post Dec 29 2013, 09:51 AM

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QUOTE(tat3179 @ Dec 29 2013, 09:15 AM)
The government may have its issues, banks have their own issues.

The government when short of money will impose gst, raid the EPF if necessary, and cut subsidies, increasing prices, like what it is doing now.

Say what u will about the government, but ain't stupid.

They are not going to crash the system and trigger a depression.

The banks will be fine. Our economy needs the banks to keep running

The civil servants will get paid, only the private sector people like us will suffer only.

That is why the government is different and the bank is different.

If the bank is reckless, it will need the gomen to bail them out like the us.

Anyway, if you want to rant about the gomen, shouldn't you do it in RWI?
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What can spain govt do when their property market crash ? absolutely nothing.

Back to our beloved land of boleh, remember tons & tons of abandoned project which some can still been seen till today, what can govt do ? absolutely nothing.

As i said many time property is not a stand alone sector, when other sectors fall so will property, if you naive enough to think govt will folk out money to save u all flipper wannabe, all i can say keep dreaming. .who it "might" just come true.

Never know they may just let it crash & ask their relative to sapu fire sales..lol
SUSjolokia
post Dec 29 2013, 12:39 PM

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Flipper/investors or ever u like to call yourselves should stop dreaming properties price will forever going up stagnant & going up.

There many much efficient managed country had proven Property price can & will CRASH in fact crashes dearly, it may last for more than half a decades of slump, the current properties in the market are more than enough for local consumption, in fact ib where I stays many owner find it almost impossible to get local tenants, so much so some condo looks like u have just enter mini Africa/Middle East country which eventually scare of potential local buyer's.
Perhaps most of you relatively young perhaps ignorant that you have not witness late 90's crash although during then our economy is much stronger & under more efficient management.

As I said property market are what you call self fulfilling prophecy meaning the extraordinarily demand are made believe & it will last only if people continue to believe it will not necessary mean it's real senario, usually these fenomena will only last for a few years & a pop will eventually or should I says surely will happen, classic example of oil prices during 2008.

Our population simply doesn't grows fast enough or shall I say particularly the chinese which make up almost all the property market have slowest population growth, meaning the real demand is far smaller than the current over supplied market.

Back it late 90's the developer build so much property that's enough even they stop building for another half decades, my friend who bought a unit of condo ever after VP in years 2000 at a very cheap price, results from over built by developers in 97.

Once our economy getting a slight hiccup which is almost certain begin next year quite a number of foreign tenants may eventually leave the country, many house would eventually vacant, mind u many simply doesn't have $$ to sustain monthly mortgages, yes a few may have holding power, but who care u can hold as long as you like there r many who can't.

Currency devaluation, stock market all time high, consumers index getting higher & higher, subsidies cut, EPF withdrawing tighten, new taxes r all the indication of trouble economy, dream all u want.

Prior to 2008 crash majority American flipper were also living in denied. .lol

SUSjolokia
post Dec 29 2013, 12:58 PM

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QUOTE(Elway @ Dec 29 2013, 12:47 PM)
nah, no way that developers can reduce prices, unless if for new launch... cos all the previous buyers will definitely make noise one.

Most likely they will make that +/-20% difference with fully furnished/semi furnished deals which are probably only worth 50% of what you are paying

I'm just waiting for PRIMA... see just how much cheap housing can the gov flood into the market
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Do u think developer would even care a tiny bit if buyer making noise ...lol

Those days abandoned project was aplenty you can cry, shout, curse, swear, just up & down, hang yourselves, developer couldn't care less, mind u many of those abandoned project r made by those you r buying today.

PR1MA ? let them think how to finance the subprime loan first. .lol

Developers r making less because they know the market r drying,

SUSjolokia
post Dec 30 2013, 11:58 AM

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QUOTE(HuiChyr @ Dec 29 2013, 08:24 PM)
We don't have currency like Euro to constraint us means we can just print money to pay the debt. And still the gomen practise austerity. Why? Printing money is a bad move, especially a small country like ours.

If money printing is feasible, Iceland could have printed themselves out of debt. Instead they defaulted.

U may have strong holding power but many do not. And this fact is true across all races.
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Those who can & wanna hold, go ahead hold all u like.

We r targeting those majority who can't & don't wanna hold. :hehe

Similar to those day if u cannot afford to buy there r other who can now in reversed manner. .lol
SUSjolokia
post Dec 30 2013, 04:22 PM

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QUOTE(Zres @ Dec 30 2013, 03:24 PM)
Fresh grads in HK is really 8-10K la....average...

do ground survey u will know...

even oversea grad cant get more then 10K...
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Average HK graduate salary is 13K HKD according to JobDB.

8K working as restaurant helper also can get...lol



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