Investment 4 Critical Signs of a Bubble Market, Property Investment
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 Jan 13 2014, 03:20 PM
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#161
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All Stars
21,456 posts Joined: Jul 2012  
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QUOTE(Balrog @ Jan 13 2014, 02:52 PM) That prediction is - NO UPSIDE, for at least a few years. No upside or price stagnation means flippers are incurring loan interest and negative cash flow. If prolonged, many are unlikely to sustain. |
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Jan 13 2014, 04:51 PM
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#162
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(BTimes @ Jan 13 2014, 04:38 PM) Daily necessities and housing are not included yet. They should be cheaper in Malaysia. If on parity, it is definitely more expensive in Malaysia  |
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Jan 13 2014, 05:04 PM
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#163
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(BTimes @ Jan 13 2014, 04:58 PM) When I was in the different cities in Germany for work, everyday items were definitely more expensive than Malaysia. $1RM in Malaysia can buy more things than $1 Euro. Believe we are comparing on parity, KL is definitely a lot more expensive and poor in quality Below is a rough comparison of cost of living in Germany and Malaysia: http://www.numbeo.com/cost-of-living/compa...city2=Frankfurt  This post has been edited by icemanfx: Jan 13 2014, 05:05 PM |
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Jan 13 2014, 05:38 PM
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#164
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(joeblows @ Jan 13 2014, 05:21 PM) Thats a matter of personal taste, not value. Although street food is readily available in Malaysia for between RM6-10 for a meal (roughly), you can buy sandwiches or kebabs at a convenience stall for Euros 3-4.00.  This cost Euro 5 only  This post has been edited by icemanfx: Jan 13 2014, 05:43 PM |
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Jan 14 2014, 12:30 AM
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#165
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(BTimes @ Jan 13 2014, 11:28 PM) Beer is very cheap in Germany. Pork knuckles, just like cuckoo clocks...are for tourists. Guess you were a tourist and didn't visit deli near markets. |
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Jan 14 2014, 07:21 AM
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#166
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(BTimes @ Jan 14 2014, 06:49 AM) Friend, you don't drink beer everyday, which is bad for your health. And those things you quote are not your everyday items. Okay you win, the cost of living in Germany is cheaper than Malaysia. You can migrate there if you wish to save more money. The question is after deducting daily expenses, how much disposable income is left for big ticket items like housing loan installment? |
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Jan 14 2014, 09:41 AM
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#167
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(BTimes @ Jan 14 2014, 06:49 AM) Friend, you don't drink beer everyday, which is bad for your health. Beer is a regular drinks in Germany and is cheaper than soft drinks in most restaurants.It seem beer price in Malaysia is among the most expensive in the world. |
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Jan 14 2014, 10:33 AM
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#168
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(BTimes @ Jan 14 2014, 09:44 AM) Alcoholic drinks could be taxed more heavily. Given many GLC are monopoly and paying dividend to gomen, indirect tax in Malaysia is among the highest.http://www.travelfish.org/blogs/malaysia/2...ol-in-malaysia/ Higher tax may not generate additional tax but will encourage more counterband. |
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Jan 14 2014, 10:35 AM
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#169
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(gspirit01 @ Jan 14 2014, 10:26 AM) KL price to income ratio : 9.19 In other countries, if home to income ratio is over 8.5, is economically unsustainable and price correction is almost certain.Avg salary: 3900 Avg house price: 360k The prices are very skewed. This post has been edited by icemanfx: Jan 14 2014, 11:17 AM |
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Jan 14 2014, 01:31 PM
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#170
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(Showtime747 @ Jan 14 2014, 01:26 PM) Based on 2012 IMF figure, Malaysia GDP/capita is US$17k. At forex 3.25, average income is RM55k. Therefore average house price is 6.7 times RM55k = RM370k. Is this average house price reasonable in Malaysia ? If it is reasonable, then the house price in Malaysia is not that expensive compare to other country. To economic student, world ranking is immaterial, and home to income ratio is a tested and proven guage.Let's say we increase the average house price to RM600k (more like it for KV). The index increases to 10.86. It will still rank 53th in the world. Still very very low compare to world standard |
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Jan 14 2014, 01:37 PM
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#171
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(New Klang @ Jan 14 2014, 01:28 PM) Singaporeans have been doing it for years. Cheap cheap cheap like birds chripping. Only those didn't experience CLOB will invest. |
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