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Is the bubble finally bursting? 2014, V2
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zephyrus9999
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Jan 14 2014, 10:08 PM
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2014 stagnant year la? gomen kacau kacau gonna take some time to absorb the effect onto market. transactions reduced perhaps worst to worst only drop 5-10% till end of the year, and firesales snapped up from desperates. den subsequent years slowly pick back up.. lesser transaction doesnt mean confirm no one buy property and drop. a family with combined income around 8k nowadays can still get a 700k property, which is abundant in klang valley. no one asks the fresh grad to only earn 2.7k to buy those high ends, right? just eventually it comes to realisation of ppl to accept old subsales. a house if after all a house, cant avoid it. Having said that, bubble will definitely come in future no doubt. wait to the time when anything <500k couldnt be found or as the mentioned 700k prop skyrocketted to 1.5m++ only then no Genuine buyers can afford. then it slowly transit to the buyers controlling the market.. Still to be honest, our high rises catches up price way too fast in past 2-3 years, exponential increment which is bad  Good that also gomen intervene and perhaps help to correct their prices to follow back their original trend line ^.^
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zephyrus9999
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Jan 15 2014, 04:49 PM
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QUOTE(kochin @ Jan 15 2014, 09:00 AM) assuming there's a bubble, and properties price plunge. may i ask who will be the biggest benefactor? the wisher for huge property price declination, may i ask what is in store for you guys/girls? of course besides the eagerly awaited "I told you so!" quote, what else is in store. care to enlighten me please? thanks. haha yeah man.. Successful investor will not likely come into these discussions cheering for bubble. In the end of the day, what are they trying to achieve and what do they gain if really crash. Smart people already gearing up on their future plans liao, not stucking up themselves in this forum shouting for bubble. Some pro-bubblers were even sour grape 5 years ago who fought for the same thing until now hahaha
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zephyrus9999
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Jan 16 2014, 08:55 AM
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QUOTE(icemanfx @ Jan 16 2014, 07:30 AM) It is not banks duty or responsibility to support price. When price floored, banks can ask borroweres to top up the difference, recall the loan or auction off if is non performing. We only need 1 bank in msia to crash, then the bubble will pop. everything turns tumbling down. In these dark times, defaulters will be in number. More properties auctioned but no takers. If recall tons of business loans, we can imagine what happens to gomen income. Borrowers will not even have kangkungs to top up in the first place. And thr goes msia economy derails.. And what makes you think our BNM/gomen let this to happen. Pop unlikely. Reduced demand and fairly constant supply due overpopulation possible.
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zephyrus9999
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Jan 17 2014, 09:02 PM
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QUOTE(bearbearwong @ Jan 17 2014, 08:11 PM) I m not ashemed at all.. to admit if I m.. but in property bubble just trying to divert will not be helpful.. it certainly will not reduce the effect that as stated in my other post.. u still not fully understood the bigger market players out there. average joes like me and u trying to make ends meet. every penny counts in life. obviously when salary only rise 1k but houses 200k in 5 years, we feel like crap. last time when i rented a house outside uni while studying, i knew my landlord and he sapu 10 units thr and rented all out, same goes to his circle of friends. anyhow i dont disagree that BBB party is going to over, but simply saying its gonna crash everything become half price, our market is not there yet
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zephyrus9999
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Jan 19 2014, 11:21 PM
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The cooling measures are in fact preventing bubbling and bursting, not a sign for bursting.
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zephyrus9999
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Jan 22 2014, 04:26 PM
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QUOTE(hondaracer @ Jan 22 2014, 07:09 AM) Hi! Thanks. Can you provide property names to (2) and (3)? I can think of commercial shoplots in 1Shamelin. When it was under construction i knew its a phail project. Bad location to build. Not visible for main busy roads. Most shoppers are also locals who stays nearby. If you visit it, the shoplots are so cramped (more units) due to developer wanna make more profit. Layout also look so cinaman and awkward. Now its like a ghost town inside, only except for the fnb outlets facing the road maybe. Previously Safari lagoon & Warta shopping mall were here, both also failed.
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zephyrus9999
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Jan 28 2014, 11:08 PM
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Investors are not likely to aligned to UUU nor DDD. If you cant manage ur risk profiles of dumping >100k to invest on something, then go settle down for FDs. In the end of the day shouting here and there up down left right gain nothing. Investors are already pocketing handsome profit years along and gearing up for future, whereas our keyboard warriors here still shouting for bubble and gained NOTHING. Haha, sour grapes are still the same. Probably when 5 years back also shouting the same propaganda on affordability. Now when see their peers cash in and have nice cars, then blame the flippers (which of coz its their fault!). Hell, if I were to pass you free easy moneh 100k in front of your face you would die to grab it right? If you couldnt 'afford' 5 years back, which definitely not now, then it sux to be you bro :-/
Normally these biased kind of ppl, when ask them about property future, they will complain and blabber tons of cons (which I do agree too!). But when ask them how much have you gained from it, they couldnt answer. The same attitude 10 years back and also now. It wont change. What a shame ^.^
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zephyrus9999
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Jan 28 2014, 11:27 PM
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QUOTE(kradun @ Jan 28 2014, 11:15 PM) bro zephyrus9999, here is the place to hang out after placing all the bet on the property. when people dont have additional money to spend, the best way is to choose the moneyless entertainment. I always remember that successful people always keep their mouth shut, the failures on the other hand will give 100 excuses to blame If i were to songlap 100k company money I wont share it with anyone, probably will continue to do so. Whereas the general public will find 1000 ways to spend their lifetime searching for the problem. Well, lets wait for property market to stabilize first before making any conclusions. 2014-2015 will be a good indicative time. Its just fun to read this thread although most of the discussion are pointless.
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zephyrus9999
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Jan 31 2014, 12:34 PM
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Average price for chicken rice in SG=3.50sgd, MY=5rm. You might be surprised alot of their goods are the same value to RM after convert from SGD. Thus, their living costs are easily managable. But once you talk to them when buying a condo, they will look and you and frown asking you are you shi++ting crazy. If landed lagi no need say man. Even outskirts area also need at least 1.5m sgd.. Haven add in cars yet.. Kinda pity them, brought in so many foreigners goreng their properties until like that.. High rise living is a trend there.. Just a matter of time before Klang Valley will follow
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zephyrus9999
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Feb 4 2014, 04:52 PM
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Another question that pops out from my mind. Ideally for non-investor, how many props to hold? In my opinion, 2. Say you have one fully cash bought home, and taking up a loan for another prop. Despite how UUU/DDD signals on the market, your rental as long as can absorb your mortgage that wont leave you eating bread everyday, that should be fine. Eg installment 3k, and say at a downtrend, rental yield nets at 2k after maintenance charges, quit rent, pub etc etc. Thats a 1k loss per month. Coping with 1k loss probably wont affect life quality that much. Now you may say idiot, why invest when you know its gonna take a loss.. Well, with good holding power you may never know when the market takes the next U-turn. If the market has never in fact drop, you enjoy appreciation from the high-leverage-low entry investment.
Also another question is, the aspiration of malaysians to own a home wholly by 35. Despite how exp that they know they gonna service the loan, we can (subjectively) see that they will proceed with the purchase. Rather than a mode of investment hoping to reap positive cash flow from rents, now it is as if the aspiration to own one. If put FD for 35 years we can estimate 3.33% each year. But something so liquid like prop, its all guessing game, and just a matter of time to genuine buyers first purchase no matter how exp it is. The chances of prop staying stagnant after 35 years is very very very not possible. The mind-bogging notion that prop will not stay its price forever bugs all of us to own one.
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