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 Is the bubble finally bursting? 2014, V2

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bearbearwong
post Jan 22 2014, 10:01 PM

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QUOTE(Rabel @ Jan 22 2014, 09:43 AM)
Haizzzz, kl center property too expensive can not buy, collect rental oso die. Outskirt landed property, can not buy oso, too far away, traffic jam, collect rental oso die.

like that no need to buy house oredy lor. Forever rent house Lar
Want cheaper one
Want fresh one
Want big one
Somemore must  guarantee can produce baby one

Walau, mana cari? cry.gif  cry.gif  cry.gif
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they very simple equation is zero flippers then it would be perfect..
bearbearwong
post Jan 22 2014, 10:14 PM

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QUOTE(AmayaBumibuyer @ Jan 22 2014, 08:43 PM)
Well if u see my previous post to the bear, quite fast that units are sold.
Anyway ur theory can't be used for Amaya, coz its all sold out. I dunno about the penthouse though. Even all the shops are sold out, but the owner is very rich, he wants high rent and dont bother to let the shops empty unless somebody agree with his rental.
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Problem is no one bother to even consider ur rented prop.. btw u mention u also rich and dun bothet bout rent.. u categorise your self as rich and subsequently nothing to do and post here
bearbearwong
post Jan 22 2014, 10:17 PM

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QUOTE(Rabel @ Jan 22 2014, 10:09 PM)
Then wait long long till u ambil tongkat oso can not buy the house.
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The flippers will eventually die off in 5 years of holding... those rich.. has too many prop.. even can face d storm.. their credit will be lock down..

we really need to wait till tongkat days.. increase the interest rate around 5 % to 10% percent will be enough
bearbearwong
post Jan 22 2014, 10:21 PM

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QUOTE(lin00b @ Jan 22 2014, 02:53 AM)
Not taking public transport is your choice, myself and many others are making a conscious choice to use as much public transport as possible.

220 per month? Let's add some random taxi fee in there.. How about triple? 660 per month, still cheaper than car loan, parking, plus petrol and maintenance. And you don't have to stress on the road, can relax play candy crush, stalk ppl on Facebook, troll /k/, do banking, do other stuff etc. that's 2-3 hours of your life you are not wasted on driving.

We may not be the majority of people, but our numbers are significant. Look at any lrt during business hour, count how many are wearing slack n long sleeve shirts.

Efficiency of public transport is chicken and egg, you need ppl to support even when it suck, when demand improve, frequency will increase, improving efficiency.
The
Sorry to derail for a rant on public transport
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Ok good online banking.. candy crush.. wah youngster ahh... THIS CAN ONLY HAPPEN.. IF YOU HAVE A PLACE TO SIT DURING PEAK HOURS OF COMMUTERS.. if the commuters no ppl mean not peak.. drive better right..
bearbearwong
post Jan 22 2014, 10:28 PM

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[quote=Rabel,Jan 22 2014, 10:24 PM]
[quote=bearbearwong,Jan 22 2014, 10:17 PM]
The flippers will eventually die off in 5 years of holding... those rich.. has too many prop.. even can face d storm.. their credit will be lock down..

we really need to wait till tongkat days.. increase the interest rate around 5 % to 10% percent will be enough
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U said ppl got too many properties, credit will be lock down.
Ppl said u got zero property, credit oso lock down.

doh.gif doh.gif doh.gif
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[/quote]

Not locked down.. just waiting for the perfect storm but inflated ones.. really not worth.. but then again
bearbearwong
post Jan 24 2014, 11:48 PM

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QUOTE(icemanfx @ Jan 24 2014, 11:25 PM)
Buy to flip is not dissimilar to pre-1997 stock investor.

New launch take 3 to 4 years to vp, doesn't count as holding power especially those with dibs.

Among those who bought multiple units to flip, how many have other income to sustain all the loan repayment?
Among those who bought multiple units to flip, how many have other income to sustain all the loan repayment?
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according to them ... " u havent not seen rrich ppl" and infact there are many rich ppl------ YES you are right just their numbers does not match the poor ones

and the MARKET they target is also from the poor class and middle class --- now targeting middle upper class and those just in rich class ( as they flipped so high to target just these guys)

new buyers please have a bigger eyes before and biger ears and rational mind before jumping the gun into property investment dun be easily convinced by developers to invest into the projects in which they themselves don't want..

by dishing other rebates for 2014 launches.. it is actually trying to bring back DIBS in a back door way.. and this time their lancing price is god damm high.. and this time thier theme is 'BUY NOW.. IF NOT NEXT YEAR GST COME MORE HIGH" --- YA RIGHT AND YOU STILL BUILDING EVEN THERE IS OVERSUPPLY..
bearbearwong
post Jan 25 2014, 01:29 AM

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QUOTE(Minolta @ Jan 25 2014, 12:33 AM)
1 month in 2014 almost finish. Haven't seen prices dropping. Still lotsa talk. Air is free after all.
Wait maybe next month burst?
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still increasing meh property price? new launches still many? talk is free leh..
bearbearwong
post Jan 25 2014, 09:13 AM

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QUOTE(cooleq @ Jan 25 2014, 08:28 AM)
Actually it's not easy for people to get loan to service multiple units nowadays unless you can convince bank with your income,passive income,fd and cash reserve. There is a lot of rich people out there and I'm sure they now how to manage money above the average Joe and not put money in one basket. Even if you dare to have a multiple units it's not easy for loan approval unless u really have money. Now 3rd loan and above need to pay 30% down payment mean the multiple unit of property really have a strong cash in their pocket..But if you say that properties price will go down to 50% I'm sure average Joe also suffer.
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U see I know where you coming from... the high end flippers right.. yes can sustain and have cash.. but then again rich flippers has multiple units..their intention is to flip also ( just dat appetite is bigger) ..even they can hold.. it will defeat their original intention of investment ... unless a long term investment.. the longer you hold the more you bleed in intetest.. is a losing game to hold long... and the rich dudes dont have so many ass to stay in all these house..

I would dare to say the source of strong income is ether high salary worker like O& G or even top management.. and these pppl are ageing and long term investment.. reali a risk as u dun enjoy the fruits before dying.. those group 25 to 40 these are the main category flippers thesr group heavily depend on flipping upon Vp and their foindation I.e savings are normally very disturbing level.. even they can secure the loan.. they will remain poor..

for businesses of high end flipping.. business dun last forever.. I just house cleaned and sell off a datuks paparich in brickfields.. so though is not vonclusive.. even rich ppl are not fool to dip their fingers in trouble water so long ( I.e holding it) as even business are not stable.. anf cant last long..

humans rich poor still want the money in physical form.. flipping can secure them these before.. now this climate..I think no
bearbearwong
post Jan 25 2014, 09:17 AM

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QUOTE(BTimes @ Jan 25 2014, 08:29 AM)
In case someone wants to label me as a crazy UUU protagonist, I share with you that I voted for "Yes, pockets of bubble bursting".  I agree that some areas are likely to have been badly speculated by flippers due to DIBS.  However in general, the demand is real just that prices in those areas are a bit bubbly.  Choose wisely and go for those near transport nodes, as I expect fuel price and traffic congestion to increase over the next few years.
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Agree pocket bursting is very likely to happen before the total burst which is unlikely low.. then again.. market is baded on srntimens.. if part of KV really bubble.. I think even mature areas will be affected.. rental wise still boleh jalan
bearbearwong
post Jan 25 2014, 11:29 AM

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QUOTE(kevyeoh @ Jan 25 2014, 09:50 AM)
the only thing that doesn't make sense is if property is really so good and the price keeps on increasing...then everyone can just buy property and sit at home and relax and wait to collect money?

if that's the case no need invest in stock or mutual funds etc....all whack in property...

from my observation, property definitely go up...but only in long term...i've seen real case for property bought in 1997 time and the price went down after that for next 10 years....but only recent 3-5 years the price pick up again and now back to positive earning if compared to original purchase price...

so long term...it is always UP UP UP !!! it is almost impossible for price to drop...like someone say prior to this..the RM1mil u see now is not the same as RM1mil 10 years ago...if that's the case, how is it possible that the house price will drop ??? if price remain also means you don't earn money already....

my 2 cents... so regardless if it's bubble now or not...long term, and i define as 10 years or more...sure UP ! 100% guaranteed....
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Dailou u still taugei meii... dailou if what you say really true.. folliwing your tend.. DSL outskirt 750k now originally 450k. 2 years after vp.. means another 8 another 800k increase at least plus yearly increase in house and etc.. 200k.. means ur 750k prop is going to be 1.75m in 10 years time.. in 20 years time... 3.3 million liao.. got logic bo...

the price of 750k is already a future 10 years price.. datis d flipped price.. buyers need to wait another 10 years only can increase.. so many agents around.. dun think out of the box..
bearbearwong
post Jan 25 2014, 11:32 AM

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QUOTE(kradun @ Jan 25 2014, 11:12 AM)
Bro gspirit,

Need no far away, my own neighbour also selling at below average asking price few months back.. but u might be surprise people is more willing to come and see those higher price unit instead of this 1, as the occupant earlier had committed suicide in this house.
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I also saw one condo .. miharja condo.. 260k.. owner letting go.. desperate for money liao.. just posted today.. rental while house around 1.6k..
bearbearwong
post Jan 25 2014, 11:34 AM

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QUOTE(Actchan @ Jan 25 2014, 10:47 AM)
Bro bbw is an reality agent ? no wonder you are good on the prop field .
bro gspirit , the property that you mentioned above is at disaster accident area right Or proposed lrt sideskirt area ? this really make sense .
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Lol I am not a prop agent dun categorise me with these ppl.. yucks.. I dun flip I just clean them off as a repomen..

I got another 2 as well on 4th day of CNY .. chinese penang poor family..haizzx

This post has been edited by bearbearwong: Jan 25 2014, 11:35 AM
bearbearwong
post Jan 25 2014, 11:36 AM

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QUOTE(Showtime747 @ Jan 25 2014, 10:41 AM)
Wow, that is definitely bubble bursting !!!!!!

Where is the house man ? 2.5 storey landed in KV for RM653k ? I want !!!! Got link ?
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Tun hussien onn there near d windows on d park.. I guess ..
bearbearwong
post Jan 25 2014, 11:52 AM

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QUOTE(gspirit01 @ Jan 25 2014, 11:46 AM)
According to my friend, people are more willing to go for new launch, rather than subsale in this area. Many subsales around this areas are not sold for the past 2-3 yrs.  my frnd didn't say people dying inside.
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These are agents.. dat TTDI groove kajang 250units DSL empty till now but sold.. explain a bit lor.. all empty house got ppl comit sucide.. I suggest u tell lar which service apartment got sucide.. let the whole project go down.. agents go and entertain the potential buyers at weekend..
bearbearwong
post Jan 25 2014, 11:55 AM

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QUOTE(icemanfx @ Jan 25 2014, 11:49 AM)
The weakest link are those gen y flippers who bought multiple dibs units before stringent loan criteria is enforced or took advantages of loop holes. The market doesn't need many of these people to depress the price when their properties taken vp.
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Ya lar.. gen y.. sumore I dare say 70 % chinese flippers.. and most are agents.. and 50% percent sure utar grads if I m not mistaken.. they think their utar network is big...

these agents only flip in chinese mainly targeted area.. othet area they no go..

worse ting is expect the upper middle class and professional to buy from them.. siao ahhh

This post has been edited by bearbearwong: Jan 25 2014, 11:55 AM
bearbearwong
post Jan 25 2014, 12:06 PM

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QUOTE(kurtkob78 @ Jan 25 2014, 12:02 PM)
bearbearwong repoman, how to attend private auction?
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Private.. public auction I have encounter b4.. private I do research first..

private auction I tink just call d agents.. they set up one.. also inflated price one.. no meal is free..
bearbearwong
post Jan 25 2014, 01:25 PM

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QUOTE(cranx @ Jan 25 2014, 12:15 PM)
That is too much of a generalisation haha, pity utar grads. From what i see flippers come from all walks of life, and yes rich flippers aplenty, they are opportunistic and the intention is never to hold for extended periods of time. Holding vacant properties for many years is a losing proposition. Best approach is to ride on an early wave of bull run, not at the tail end buying over inflated properties then preach holding power for 10, 15 years just to break even. Yes, break even. Many failed to factor interest into the equation.
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I withdraw.. my statement UTARians... really dun want you chinese to self destruct.. over inflated prop.. once bancrupt at gen y and current prop price.. it like never going to make any come back after that.. all is burn..
bearbearwong
post Jan 25 2014, 01:42 PM

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QUOTE(twincharger07 @ Jan 25 2014, 12:45 PM)
Yea.. by limiting it, let the supply suck in by the demand before bull running again.. Anyway the amount of subsale still domanate than primary market.. As there are still ppl hunting for houses every year, and with limited new launches, not bad news for current subsale sellers... ratio of transaction will be more on 2ndary market this year I guess..
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Subdales better than developer sell meh.. I recall all developers project vonfirm sapu bersih.. subsales in older prop maybe.. those upon VP I doubt.. want me to quoto example..


bearbearwong
post Jan 25 2014, 01:46 PM

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[quote=BTimes,Jan 25 2014, 12:36 PM]DIBS simply skews the demand of the market and creates some froth.  Its removal around Q4 2013 by banks coincided with the Budget 2014 announcement, hence it is reasonable for the market to stabilise for one to two quarters.  It is a good thing that it is removed.

Q1 2014 is a good time to get a property if you are buying for own stay.  After Chinese New Year is usually when buyers return to the market.  If the market is not doing well, most developers will simply delay launches to reduce supply.  The reduction in supply has been the case since Q4 2013 to-date.

Malaysia's working population is quite young and increasing, and projected 2014 GDP will be better than 2013, so it is a matter of time (I think around Q2 2014) when demand catches up again.
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Q3.. LAHH.. the demand.. if no demand.. u know what happen liao.. working population has always been your target.. affordability will be still intact..this arguement has greatly addressed..

if dun catch up means ... market will plunge just like genting incident.. ppl who can hold survive.. those cant die.. and many die just like dat in our case default and bancrupt


This post has been edited by bearbearwong: Jan 25 2014, 01:46 PM
bearbearwong
post Jan 25 2014, 02:42 PM

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QUOTE(boyslikeboys @ Jan 25 2014, 01:51 PM)
I agree with you. Being a young gen y myself it never come across my mind to flip. Also considering the prime location of my current prop. Why should I flip for short term gain? Not everyone here is to flip...
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Dat y this is not owalys directed to ppl who intend own property.. if the market is not fueled with market speculators.. how can u explain most high rise in kl and kv 2 megayownships are sold and vacant? Or maybe u drive around to kv area and see thise vacant units like kajang.. palm walk3.. kajang 2.. jade hills... taman tasik semenyih.. bangi... 2 megatiwnships.. twin palms.. also notice why are there so many yellow tag asking for sale then it would give u a vleater picture.. even you intend to stay prices like 750k outskirt DSL is still very burdenand unreasonable.. this year they want to climb to 800k or more.. this price is inflated.. they reap 200k from this amount .. this a price 10 uears down the road.. if really long term maybe it is a gud deal.. then agai by then your prop 750k.. servicing loan of 3.5 k for 35 years.. lands your prop at 1.5 million.. outskirt OLD DSL... worth it or not..

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