Actually flippers r not tat bad...me used to tink them as greedy speculators...but u know, they helped generate jobs for the developers, give business to bankers but hold all the risk during the construction stages ( especially in the event of a market crash) i tink the profit they made justifies the contrbution they made to the economy...and u know wat, most of them r decision makers, most who missed out didnt dare to buy and overanalysed...tats my opinion frum my obervations...not all speculators or flippers r filthy rich, they took a lot of risk..imagine taking Rm500 k to rm-800k bank loan just to make Rm 100k profit, and market conditions and rules chg all the time ( rpgt 30%)...most people who complains were the one who missed out be oz they slow to make decisions or keep waiting and waiting and waiting

NotHing personal, but people who complain expensive poperties, they have many choices to look for older subsales at much cheaper price, but no, they want the latest new condos, and they spent most of their salary changing the latest Samsung or Apple iphones, going to expensive holidays using credit card, use balance transfers, and drive Rm90k City instead of Rm50k Pptong...they enjoy life but little savings and dare to complain when property prices goes up, always blame others rather than themselves

BearbeaRwong has a very good and valid point...developers do overhyped their pojeks eg near MRT...butif u bought 600sf studio for Rm600-700k or even more, do u tink easy to find buyers willing to buy at Rm800k++ for such a small unit wit no rooms?? The rental not even enough to cover the loan....young people cant afford, thosewit big family who can too small space, and finalyy i would rather stay further from office and buy cheaper house than buying such an expensive studio,all in tne name of convenience...andmost people r in sales, so theyneed to drive, near Mrt not such a big atttactio

Do no be so naive tat we cannot end up like the us sub prime crisis...some banks use > 70dsr to grant approval, now imagine young flipper easily got loan approved and relaxs, no need pay anyting as dibs, but upon completion, he bought a 1000+ unit condo project, competing wit others for rent and sell....surely he cant hold the property for long as he has little left for petrol, etc after paying the monthly mortgage installment....And if he invested in an overpriced project. ( some bought more than one unit), than gone la...imagine paying Rm630k for a studio somwehere in Ampang, and upon completion MV Rm700k, even he he sell, kena 30% RPGT, agent fees, legal fees etc, to make few thousnad from Rm630k poperty and holding all the risk during construction...no komen...( if he managed to find a big waterfish to buy his studio unit)...and he is lucky becoz he bought at " soft launch", the develoepr raised the price to Rm 900k in a few months time...All these r real life scenarios, for those experienced posters, u should know where and wat im talking about..Imagine paying Rm900k to find out MV Rm 700k upon completion...tats how overpriced some new launches r today...yet mostly young inexperienced people keep buying without doing any analysis...

Developers can make all sort of claims of how close some places like Kajang to KL, but u know, today me left office at 630pm and only reach damansara toll at 8pm ( tat oso after taking the right side rather than super jam left side to ttdi)...and i stayed at Subang, so another round of jam at LDP, two hours travellling time...some places like Cheras Connaught even worse...even Rawang through Plus takes 1-2 hours

No risk no gain, bet big win big, people who tink and overanalyzed often missed opportunities right iin front of them, many year/ down the road they will still lament and complain and justify why they didnt grab the chances...i know many such people...some of them just too risk aversed