Y now only worried? I seen that since 2010, take it easy..... more games more games I wonder where was all those typhoon missing to.

I am actually not so worried, just considering my next move. Worry also no use. Better take action (if to offload) or don't take action (If to buy)!

I am tracking a few properties (subsales) on propwall and iproperties. Some are dropping a bit. Some, nobody buys, still raise price. Propwall has better price for now.

How about you, do you know any real cases around you ?

What I intend to do here is actually to gauge the real picture, and everyone here benefits. Let's do a good deed. All of us may have changed somebody's destiny!

Why care ? anybody here related to your good self ? if not just let them be lah, not that they would share their wealth or debts with you.
U would only make millions if other loss millions or vice versa, correct ?
If u believe price would go up further then buy more, if u think price would drop tremendously then sell now, if u think it's a glut then hold, why bother what other think & do, as I said in another post "listen to Michael Yam & REHDA" you wouldn't go wrong. (offcoz depends how u interpret their message lah..lol).
Even once proclaimed valley of abandoned house like Rawang, Bukit Jelutong, Semenyih resurrect what, but take a couple of decades lah, so why worry ?

"real picture" will be good to have. problem is there are lots of half truths and outright lies around us... e.g mr bean dead, airasia just crashed in kuantan...!! even the so called experts prefer to lie to keep their jobs.

me, i think the best is stay on the conservative side. have yr own home to live in, have enuf to see thru the darkest of dark times. being blindly greedy, bbb, prop price never go down doesn't work anymore.

i can only tell you i know of several cases of owners unable to sell at >10% net profit or frantically trying to rent out or just keep quiet, no talk. the rest, you can figure out yourself or buy some agents a drink.

Correct strategy. That's where good $ were earned.

I also know of friends not able to sell off properties after holding them for a decade. In one case, a contractor friend told me, he was owed $ by developer, thus was given 8 units free. Up to now, he still have all these units unoccupied / unsold. What did they say, not everything is as rosy as people painted it. 'You see me good, I see you good only le... ' The Chinese saying goes.

Never buy anything we cannot afford. Buy within our means. Never be greedy. Not everyone has the good fortune to make it BIG in property. Check your bazi first lo before investing!

Ya. People still reluctant to accept in order to acquire cheap prop stay far lor. If slumps, many will suffer in general. If up, sorry to say, imo, less people suffer but more people work harder so can afford better location or house.

Haha, to be frank, I am trying to be the detective. When thing happens, I wish I see and run first and brag about it to others. Otherwise if I got buried under the avalanche like others, I hv to shut my mouth and bend my head

In fact, I hv a relative who is an property agent. He said, i hv house, I hv customer, but I hv no sales. Either price can't match or customer can't get loan. After talking to him, I said "wah! Being agent is taugh!" I will pay for his drink any time.

Haha, I saw the word "were"!

with that, u already know the true picture.

look at it this way.... thousands of 15 yr olds, low salary workers and banglas oso wan to buy yr hse. how is that called demand?!!

if yr relative is honest, he/she can only advise u to hold or to drop price to a realistic level for a genuine buyer to take it.

this is wat i mean by "knowing", u already know.

i hv a relative trying to sell higher than what is real, no sale for 2.5 yrs. i told him to keep in pocket for next 10 yrs if he insist on that high price... price sure upupup by then - he can afford to keep it empty.

This post has been edited by AVFAN: Dec 11 2013, 09:02 PM

During property boom time, a lot of people quitted their jobs to become agents (99% no license type, from my encounters with them). These couple of years, many returned to full time employment due to poor sales.

How come people in real estate industry has no license yet carry the title 'Negotiator' etc? Why so few went on to study for a degree in real estate management etc. In all other industries, even stock market, one needs to pass proper exams / get needed licenses to operate as a professional.

This post has been edited by TiramisuCoffee: Dec 11 2013, 09:11 PM

Still can earn this way. But must have holding power.

up or down just be prepared.... it's really no brainer

I think the customers didn't demand for it. At good times, agents r bz making money with flippers. At bad times, they r not agent anymore.

I like this one.

With dibs gone, rpgt, few units on hands, loan difficult to get, many people's affordability is not better than banglas. Demand ?

maybe the unit he/she holds are not so ideal leh

I know of a new agent who bought himself 4 properties last year using loan with intention to flip. With the new budget, I doubt he'd be able to earn much renting out / selling before 6th year is up. He really dug himself a very deep hole. He complained he only managed to collect a couple of rental commissions past months. For him bad time has started. The property we appointed him to sell 2 years ago, he still can't sell.

http://www.thestar.com.my/Business/Busines...roblematic.aspx

If that agent made mistake in his selection, what make yours? Yours cant sell but tenanted?