Rich folks always sapu everything when there is a firesale.

Stocks, property and companies.

That's why they are the rich

The true rich remain rich because they are savvy. Sapuing everything just because they are cheap isnt always wise

When I mean everything I don't mean "everything".

Everything meaning everything of things worth having.

Anyway, you get my gist.

Point is, if you have a valuable asset, you don't have to,worry whether prop prices will go up or fall.

Oh yes you do because your asset isnt valued in isolation.

Just know what you are buying and you will be fine

Make it debt free lo. Put it to rot oso np lo. Many buy gold oso keep in safe to wait wait wait ma. Some choose to buy stocks. Keep keep keep oso not selling. Wats wrong buying props to let it rot huh??? Hobby gua.

Income is one thing, city life and cost of living also different.
At rural area, you earn RM3K, maybe better off those earning RM4K in city.
so many of the speculator for city properties are originated from 'kampung' which we called hidden dragon.

Still not enough for property buy buy buy mode..

haizz below are my short conversation for those have money and to keep property to rot. Those with intention to flip initially and further make a u turn saying for 20 years investment:

me: how? We are sealing your house/shop for auction di . Going to settle bo?

Flippers (F): bro give chance and face leh.. neighbout know susah.. bo face.. come on we chinese dun do like this to chinese lehh.. money only maa

me: bro.. I am instructed by d bank one u default for so many months di.. we proffesional leh we also charge d bank leh.. judgment all got di.. better work with us.. otherwise we cancel come again oso charge maa.. proffesional leh job sucessful or not we still charge ( try translate in hokkien)

F: come on lah bro.. u ask bank my ccris good leh just for dis property lehh.. I got money.. but cant sell lor.. I simply dun pay.. no one buy.. got 2 ppl pay 2 percent to my agent.. then cant get their loan lehh I return bek di deposit.. like that drag me around 2 months leh I service d loan lehh

me: bro.. I dun have much time still many houses credit card case lehh.. let us in bo..

F: haiya bro how much owing only..350k only.. auction off then I pay the remaining.. I try gind waterfish to buy in the mean time.. u got house bo I sell you lah.. discount. New project coming up leh srtia echo hill.. I invest there

me: bro vonflict of interest leh ( property 200k I a lso
dunwant in semenyih wor). Then why u dun want service dis loan and let it auction..

F:bro.. this double storey 4 years liao... paint also disdolving.. I my self oso wont BUY IT BACK FOR 450K so old outdated di.. investment only sumore got credit card leh car loan..

the rest remain d same.. so for ppl owing l8an personal. Housing loan credit card.. embrace yourself in 2014.. REPOMAN is here.. paid up...

for those who tink they can get away.. upon bancruptcy.. 30k bancrupt.. all properties under ur name or under your loan name will be auctioned off.. at very low sum..and proceeds will be paid to the prffered bank..the remaining to satisfied the judgment..

my 2 cents..



the rest as usual let us auction and sell off

But sometimes if depends on renovation done to the property. Seller probably has done up the property with good quality material and designer taste. So they demand a certain price. Of course, it's also a matter of taste. The seller may think their design is beautiful while others may hate it.

Bank valuation is more generic and standardize view depending on location and type of development ( condo/apartment/landed).

Subprime by definition may refer to low quality debtors, the core factor that worsen the financial crisis were the Mortgage Backed Securities (MBS). Banks packaged the loans into a new financial product and sell to investors. When they cannot honour the interest payments, the bank got into trouble.

The scenario is the same for the BN gov. They package the civil servant loans into a financial product for investors to buy. This is what Rafizi is trying to highlight that Malaysia gov may get into the same problem when interest rate increases.

Civil servants enjoy low interest for their loan. However, the interest rate the government has to pay for bonds depend on supply and demand of the free market. If this interest rate shoots up above the rate for civil servant, BN gov will make a loss. Financial crisis begins.

Wow, really. Then YOU must do some research to get your facts straight. Our "TITLE" for our lowyat profile may be "newbie" but trust me our knowledge on financial and property far exceed yours.

The more you write, the more stupid statement you make. It just show how shallow your knowledge is.

You are the one that's humiliating yourself.

Aiyo why so pekchik.

Wiki got the answer ma.

http://en.wikipedia.org/wiki/Subprime_mortgage_crisis

http://en.wikipedia.org/wiki/Subprime_lending

Got definition, got history.

Wiki apa pun ada. Jgn takut.

so what's your definition then? care to enlighten us?

Aisey....since when does UUU and DDD argument became subprime or not subprime argument wan ah...?

Have to show some capabilities in memory ma. But soli hard. I have given back all mine to teachers.

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?

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

Only when tat3179 desperately need to dispose his holding then i call perfecto ..

Sure....but wait long, long loh.....