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Investment 4 Critical Signs of a Bubble Market, Property Investment
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SUSTheOwl
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 Dec 20 2013, 04:52 AM
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I would prefer the bubble burst to happen sooner bcs it's very difficult to sell when prices are so high. I bought low so I'm fine with it. After selling if buy again will be okay - sell low,buy low. First-time buyers who have been waiting for the bubble will be the happiest. Those who will find themselves in deep shit are those who bought high,can't hold on and have to let go. Wow,sure rugi one big hole.
This post has been edited by TheOwl: Dec 20 2013, 04:52 AM
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SUSTheOwl
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Dec 22 2013, 02:57 AM
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QUOTE(yusiang @ Dec 20 2013, 05:52 AM) Errr I don't get your logic, you could just sell your property at whatever low price you want whether how high the market prices are. Of course,you're right. I know this also but then who would want to sell less when the market price is so much even tho' it's harder to find buyers. They think,what if the burst does not happen LOL. Perhaps I should sell a bit below market price. Thx |
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SUSTheOwl
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Dec 22 2013, 03:27 AM
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QUOTE(TOMEI-R @ Dec 21 2013, 01:34 PM) Imho.. "Greedy Investors" would be defined as " Someone who tries to buy/possess as many properties within or not within their capacity/income not for own use but to make profits out of "flipping" those properties to make high profits for themselves " We could see a lot of these people when times were better and when the banks had no qualms giving high loans out to buyers. I was suprise young people in their 20 to 30s owning 3 -4 units of condos to themselves and because they have to service these loans, they are harping that their units could be rented out so to cover their loan installments. If the said person were to lose his source of income, he/she would definately be unable to pay for this exisiting housing loans.  During those times, as long as you have a proper source of income, you could easily get 95% - 100% loan for those properties. To be fair, everybody wants to make extra profits, but I would suggest that people buy within their means and not at the limit of their income. What if the market crashes, or you were to lose your job or something happen to you and being so you could not service your loans anymore? This I must agree 100% with you. These are not real investors. They are flippers. But I know of very young real investors with 5 or 6 properties already. Every month it's touch and go. I can't live like this. If I buy a prop and the repayment is RM3k a month I will make sure I have that amount put aside every month for it. I never depend on the rental. Some think since I can rent out for RM2k I just need RM1k every month. Developers always put the expected rental higher in order to sell. You might get RM1k only or worse you can't find rental. Some of these young real investors are greedy but some just want to show off LOL. I mean who cares if someone has 10 props but suffers day and night yo,worried about installments,worried if a bubble takes place,worried etc. |
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SUSTheOwl
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Dec 22 2013, 03:34 AM
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QUOTE(icemanfx @ Dec 21 2013, 02:15 PM) Hardly any gen Y experienced or know about recession, it is waste of time to tell them. Hehe you're right. They have never seen. The one in the mid 86-88 was so scary. Prices were falling by the thousands of RM by the week. Let them experience it for once then they will understand what the old birds are talking about. Some very proudly booking 5-6 props like buying kueh liddat wor. So geng,every few months buying one prop. I see also feel hot and cold. |
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SUSTheOwl
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Dec 22 2013, 03:52 AM
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QUOTE(puchongite @ Dec 20 2013, 09:10 AM) And then he is asking the market to crash so that he has company ? Quite ridiculous logic. You hit the nail on the head. Ridiculous logic but logic all the same. |
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SUSTheOwl
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Dec 22 2013, 04:46 AM
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QUOTE(jolokia @ Dec 18 2013, 03:13 PM) I know someone who bought a few shop lot in Rawang many years ago went bankrupt, as the shoplot literally growing grass..lol If he still has them now he would be a multi-millionaire. |
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SUSTheOwl
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Dec 22 2013, 04:50 AM
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QUOTE(TiramisuCoffee @ Dec 18 2013, 04:44 PM) They say when u are ong / lucky only , birds will come to you. No luck, can't attract 'bird' lah!  Cerita Benar. Is it also true that if you're ong pigeons will want to live in the eaves of your roof? The Chinese and Indians believe in pigeons. The Chinese say this type of bird know how to tai suay/despise/look people no up LOL. True? |
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SUSTheOwl
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Dec 22 2013, 10:22 AM
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QUOTE(icemanfx @ Dec 22 2013, 09:33 AM) Beware pigeons dropping is a health hazard. Yeah,dun sweep but use water to wash. It seems the droppings can cause blood cancer. So dun even open your door and windows if the live overhead. |
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SUSTheOwl
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Dec 23 2013, 11:34 AM
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QUOTE(brother love @ Dec 22 2013, 01:59 PM) NewlY completed Msuites Ampang, ori price Rm620k now subsel from Rm680k, 500sf, buy time staff said can rent Rm3k If after 3-4 years sell at extra RM60k sure lose one big chunk. Calculate all the stamping fees,legal fees,whatever fees and interests incurred thus far. Perhaps owing the bank more than principal summore since only been paying installments for a short while only. This time they die lor. Padan muka,who ask to be soooo greedy ler... I won't commit whenever their answers are not sure,cannot confirm etc bcs sales people are taught to "lie". If the say projected rental is RM3k I will only give it RM1.5k. They will jack up by 50-70% in order to excite buyers with the BBB syndrome. This post has been edited by TheOwl: Dec 23 2013, 11:40 AM |
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