Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 Is the bubble finally bursting? 2014, V2

views
     
HELLO HELLO
post Jan 20 2014, 10:18 AM

Look at all my stars!!
*******
Senior Member
5,436 posts

Joined: Jan 2011
HK property tycoon with 50 years property experience said kl property price tooo low untill no logic.... he said invest KL only... and don't invest johor iskandar...

This post has been edited by HELLO HELLO: Jan 20 2014, 10:19 AM
HELLO HELLO
post Jan 20 2014, 11:25 AM

Look at all my stars!!
*******
Senior Member
5,436 posts

Joined: Jan 2011
QUOTE(bearbearwong @ Jan 20 2014, 11:04 AM)
har.. still damm cheap for foreign investors izzit? for Malaysian too expensive di? even foreign investors still cheap.. they are still ' investors'.. they will target back Malaysian to buy their invested properties am i right...  Malaysian cant absorb the original price from developers how they can absorb the market from the foreign investors?

this is just out of logic..  dat means klang valley prop like the 2 megatownship project sure gone lor.. since the 50 years old expert say kl areas only..
*
His property business is around the world. He going to launch new project in kl city very soon. this is his second project in kl d...

This post has been edited by HELLO HELLO: Jan 20 2014, 11:26 AM
HELLO HELLO
post Jan 21 2014, 11:37 PM

Look at all my stars!!
*******
Senior Member
5,436 posts

Joined: Jan 2011
Bubble still too small to burst... If burst now banyak pipu no feel... If bubble never grow big for so long... Later slowly adapt n become no bubble Liao.... Then Need to start all over again to blow it up.

This year 2014 maybe macam jamesbond movie title:
Tomorrow bubble never burst.

This post has been edited by HELLO HELLO: Jan 21 2014, 11:51 PM
HELLO HELLO
post Jan 22 2014, 12:30 AM

Look at all my stars!!
*******
Senior Member
5,436 posts

Joined: Jan 2011
QUOTE(bearbearwong @ Jan 22 2014, 12:19 AM)
The growing anf bursting buble depended solely on you guys.. especially how high it is inflated.. vacant units many to come.. bo takers..
*
Don't let the bubble exhausted. Need to keep the heat on.
Stay calm and keep blowing.
HELLO HELLO
post Jan 28 2014, 09:11 AM

Look at all my stars!!
*******
Senior Member
5,436 posts

Joined: Jan 2011
QUOTE(jolokia @ Jan 28 2014, 08:57 AM)
So how much U made ?? Money not necessary only come from flipping property unless U have very "little" ability.. rolleyes.gif
How U know sure more than 1 millon after 10 years ? How U know know all can settle in 5-6 years ? How do you know flipper can afford loan without rental ?
Base on you posting Ur comment also base on your own assumption & assume all people r so damn rich can buy property with Cash, assume all people love to travel few hours & pay hefty toll to work daily, assume people who can afford million ringgit property still need to pack like sardine in LRT,, bla bla bal  whistling.gif

U don't not mixed arround with "real rich people"  laugh.gif

I have not seen multi millionaire taking LRT to office every day at lease those i know.  cool2.gif
*
wonder why nowaday many people said rich no need mrt or lrt??... come on...wake up.

i see many local Bosses, CEO lvl, high ranking klcc manager expat and many others sibeh high pay love to take lrt.
i think they can't wait to take mrt also.

This post has been edited by HELLO HELLO: Jan 28 2014, 11:40 AM
HELLO HELLO
post Jan 28 2014, 10:56 PM

Look at all my stars!!
*******
Senior Member
5,436 posts

Joined: Jan 2011
QUOTE(value_investor @ Jan 28 2014, 10:51 PM)
Yes, should thank the fools. But they are still fools sorry to say, it is capitalism! They are not Rawang, many in Penang, especially those projects by Goh Chun Lai!
*
Aiya... Yeah..
property price very can drop lower than launch price... Nothing impossible...
HELLO HELLO
post Jan 28 2014, 11:00 PM

Look at all my stars!!
*******
Senior Member
5,436 posts

Joined: Jan 2011
QUOTE(value_investor @ Jan 28 2014, 10:56 PM)
But the fools also should thank me, because after i sold to them the prices still increasing up to now! Maybe the fools can find greater fools!
*
U save them free from bankruptcy from the start. Now they can come back again...

This post has been edited by HELLO HELLO: Jan 28 2014, 11:01 PM
HELLO HELLO
post Feb 1 2014, 03:28 PM

Look at all my stars!!
*******
Senior Member
5,436 posts

Joined: Jan 2011
QUOTE(KChan @ Feb 1 2014, 02:08 PM)
Yes I agree with this. I know a few businessman/high income earner that earns between 80k-300k per month. They are not interested to play properties. It's too much hassle for them. That's what they says and it's their word. Cause of all the paper work, running around to look at properties and things like that. They also don't like the hassle of renting and chasing after rental. Those is this group bought property is just to keep for their children and holiday homes. They are not flipping it instantly for 100-200k profit as they don't need that.

Then those flippers that made 80-150k a year or two in flipping properties few years ago got greedy. Cause they thought they can continue doing that by hoping that the price trend keep going up. Those in this group feel that those 80-150k is good profit compared to take home salary less than 10k per month. So they continue to try to leverage the system of low interest, low upfront to play this game.

So by and when the market slows down. Try to take a guess who get hurts? Property is illiquid. One cannot cash out property instantly when you detect the market is going down. Typically property transaction takes from 3 months to 6 months. By the time anyone realised that economy and property price is stagnant or going down, by the time only want to start selling, and if a lot of people is selling as well, then this is where things get bad. Too many seller and less buyer. Supply more than demand. Then it's buyers market, they can shop around and wait for the best deal. Those who cannot afford to continue to hold will probably gone into foreclosure. I think foreclosure will take longer time from the point of when the market gets bad. Perhaps after 1 year when the market turns bad, then only foreclosure property will be available in the market for auction. Foreclosure procedure is pretty long and tedious.
*
What to do? That's only hope for the salary worker to get rich or go to hell. No risk no gain. If follow Germany property tax system everybody happy... no more goreng house. First year tax u 95% if u sold the house. 2nd year 90%. Each year only reduce 5%.. Then no more happy goreng scene. They even tax Kau Kaw to the landlord who gain profit from renting house.

This post has been edited by HELLO HELLO: Feb 1 2014, 03:37 PM
HELLO HELLO
post Feb 1 2014, 03:45 PM

Look at all my stars!!
*******
Senior Member
5,436 posts

Joined: Jan 2011
QUOTE(bearbearwong @ Feb 1 2014, 03:37 PM)
U also worker.. haizz.. investment can.. dun go so far 200k nett profit.. come on how to justify.. this more like hitting toto or jackpot
*
Sometimes is the market will.. Got pipu pay extra 200k for the subsale props. Some props u reduce lower than market price also nobody want. See your luck can hit jackpot or go lelong liao.

This post has been edited by HELLO HELLO: Feb 1 2014, 03:50 PM
HELLO HELLO
post Feb 7 2014, 05:16 PM

Look at all my stars!!
*******
Senior Member
5,436 posts

Joined: Jan 2011
QUOTE(Rabel @ Feb 7 2014, 05:00 PM)
Hehe once come to down turn. U want wait for dead chicken. Maybe u oso jobless... biggrin.gif  biggrin.gif
*
yawor, when down turn u save enough to wait for dead chicken. suddenly at the same time u also kena fire and jobless.. siao liao.

especially those high pay job = high risk kena fried job.

not easy to stay on top also. anytime got people want push u down, back stab u.
high office politic also in such big organization.

This post has been edited by HELLO HELLO: Feb 7 2014, 05:31 PM
HELLO HELLO
post Feb 7 2014, 05:23 PM

Look at all my stars!!
*******
Senior Member
5,436 posts

Joined: Jan 2011
QUOTE(robert82 @ Feb 7 2014, 05:19 PM)
don't be too happy for downturn la.
If downturn almost everyone will suffer.

Except the mega rich.
Doubt you'll dare to buy also if downturn, scared drop more and then hard to get bank loan also.
*
mega rich also cannot run away. during 97 sleepless night for sunway bosi, berjaya bosi, malton bosi and many bosi.
every night like nightmare to them almost at the edge of bankruptcy..

This post has been edited by HELLO HELLO: Feb 7 2014, 05:24 PM

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0648sec    0.50    8 queries    GZIP Disabled
Time is now: 11th December 2025 - 06:29 PM