Remind me of a previous thread bout prop gurus. Tok n giv advises or tactics referring to history. More of a copy and paste kinda thingy.

I still enjoy more of those days when so many cut and paste articles from analysts. Prediction after prediction. I LIKE!!!



This post has been edited by ManutdGiggs: Jan 12 2014, 09:12 AM

" Don't buy a house whose price is artificially inflated just because you're afraid you'll miss out on the opportunity to buy before prices go up yet again."

I thought the above statement is quite valid. I read it that dun buy what flippers are selling you or dun buy it for own stay if it is already goreng to very high price.

Maybe I misunderstood it, care to share your view ?

wat are you talking about?

That is so clear wo. Even we see it in stock market.

it is the theory of sheep mentality. No?

What are your views on old high rise (> 5 year) that is not affected by rpgt and unlikely to be fried until hot hot? Will those be affected if property crash?

Sure malaysian suffer the most.. holding it.. for high rise only 380k... and booking fees of rm 1k.. everyting else factor into the lion sum... even stamp duties legal fees all inside.. minimum I guess selling at least 450k for not making any loss... that means..per month to service loan is around 1.8 k.. still can hold.. but longer hold.. bank interest higher more you pay yo bank...

So will government or BNM wont let u die? My answer is no.. but bear in mind young buyers.. the first hand purchaser will not easily die.. servicing loan of 1.8k (assuming interest rate stagnate) can still survive one...
those who does not have holding ability.. exp.. person

1.8k house loan
700 myvi loan
500 petrol
400 house rental
150 insurance
60 road tax
500 food
120 phone plus internet
300 for other contingies repair car.. extra entertainment and etc

all in all 4130 per month..assuming no contingencies save rm300 per month (per year 3600)
that means that guys gross salary would be around 5k salary... hmm manager or senior exec.. low end flippers.. havent include credit card spending ( u guys know lahhh)

so ppl under this salary scheme is going to die.... ppl within this bracket say like isjandar project going to suffer for 40 years.. by then.. your prop after servicing the loan till 40 years would be bout 900k to the bank.. flippers will definately not going to hold for dat long ..

So bottom line is those who buy from them ( which many here are trying to pursuade you to buy now otherwise prop price going to increase..and increase which I agree for new projects coming.. but those existing completed why still want to increase) you will definately lose out and ended up with debt.. in which u be never able to sell.. dat price dat you going to buy fftom these flippers will be around 550k at least taking iskandar in example.. which is a 5 to 10 years price or maybe never reach...

if first hand prop buyrrs with salary of 5k.. suffer diffuculties to service.. you as secondary buyers after being factored RPGT ... stamp duties.. legal fees and expected profit of 150k .. are definately will bancrupt.. AFFORDABILITY issue is bar... ur salary be 9 k gross to be able to service such loans... of course sure got forumers will say to you normally husband wife father mother.. siblings buy together.. no need marry mehh.. ni kids mehh no expenses.. ur main household debts will be to satisfy flippers.. ARE YOU SATISFIED.. let them rot.. government will let them die.

those who are scaring you dat econnomy will go down.. no worry the secondary market will absord it when the price is reasonably sold.. if flippers insist.. let them bancrupt then sapu.. mind you.. at least 50 %flippers are of the situation statex above.. those claiming HOLDING power however has many units in their hand.. so SAME situation..

Buyers.. wait and see...cash load your bullets and wait.. u see ppl bleeding one.. those with holding power may want to know once ur next door is on fire sale u still keep your price?

This post has been edited by bearbearwong: Jan 12 2014, 10:10 AM

Informative, useful tips. Thanks for your sharing.

Cheerio.

Why are you feeling so negative and bitter?

I see it beauty..... the strong / prepare surviour.....the weak one/ greedy gone.

I think bbw had it enuf with the flippers and expensive houses. I think many are like him. If u talk to some young professional friends, malay, chinese, or indian, u will know y.

The market is extremely unhealthy and robbed of many people's well deserved dream!

Flippers and buyers of expensive houses also work hard for their money and take risks. It is better to direct energy to making products and providing services to other people, to add value to the society, rather than cursing others and making no gains in the savings account.

well said

Truly appreciate those who find the article useful...whether for or against does not really matter...everyone has his/her own opinion.

What is important is all members should enjoy the benefit of sharing information.

If everyone learn to be a smart investors & do not buy over inflated property from flippers, flippers would be begging under the bridge today with a coconut bowl. .lol

Offcoz flippers don't like wise advise from experts. .

I really dunno.. those good plans planned ahead often turn sour.. business when opening sure good (exp bubble tea business park in 300k to get franchise confirn rich one) ended up bancrupt 6 month .. those expecting increase bonus working class often got bad when it come.. those buying iskandar intending to flip.. now suffering..

these guys are irresponsible.. inflated the market just wash your hands and scoop off.. the younger generation will suffer when new prop price starts at 700k.. or worse..

sharing my own experience.. my gf father bought a DSL in penang for 750k industry areas batu maung.. from a flipper .. now that flipper say we made his day but the other poor flippers beside our unit... was rented to bangla.. haizz tell me flippers is it dat desperate.. and left with us installing guardrill like prison..

iskandar project however.. my friend good friend bought its project.. malaysian working in singapore.. my friend everyday in the morning rode a bike to cross singapore lining up at customs for clearance with het gf invested in iskandar for a better life to stop travelling across only to know dat their investment go down the drain and back to reliaty to work... when the govetnment raise d bar..to 1 million.. die in vain just like former china Deng Xiao Peng died before the handing over of Hong kong in 1997.. which he wanted to witness the ending of a colony ... now singaporeans want to purchase also cant .. they are barred by 1 million and malaysian will service their loans ..

young buyers choose prudently prices which are inflated way high is not worth of taking..

those who still going to buy .. test yourself.. use 6 months as commitment and bank in the bank as per the loan sum.. see u can or not.. and tink whether u are ready for a 35 years commitment..

Totally ultra rubbish posting, how do flipper add value to society ?
Snatch thief also work hard daily & take risks, corrupt gov officer also work hard & take risk, r they contributing & add value to society as well ?
By criticising those who post negative comments on flipper too doesn't seem to add any cents in to your savings account I supposed.

Actually.. it is purely property discussion.. u realise society are moving forward to a no work society and want to earn more on the means of others.. you are one on the product.. less work/ no work but wanna earn a lot.. in d past ppl work using bare hands to earn.. now the middle man/ consultants/flippers taking advantage by domiinating and resell at 3-4 times the original price.. without working.. u surely know the impact if GST is to eliminate middle man.. most of them are chinese..

that explains why the prop price are beyond reach.. u guys want hit one time and forever no need to work.. easy money society.. dat is wat u have factored into the subsales price.. is it?

i agree with you. flippers are not wrong. they took risk for undercon projects. nobody will be able to get some good properties without flippers to be honest. in the end the real value is in keeping the property where else flippers continues to hunt and up their radar.

the suckers are honestly....tada....the developers.

Do u know what 'suckers' really mean? ^

Because he everyday meet people with financial trouble. He foreclose houses. He bankrupt people. How not to be gloomy. He is the Dr Doom of LYN

Come on... 200k nett earning.. what is the risk?.. deserve?.. developers of course.. but remember since 2010 DIBS come. The subsales activity by your guys has been the the main reason drveloper launcing prop price starting 430k.. outskirt landed and 575 high rise ( you city &vista.. amanya... pertama residency.. ecovest cheras and etc)