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Financial BLR Increase 2014?, Base Lending Rate.

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Dern
post Jul 27 2014, 09:55 AM

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QUOTE(andyyaosmurf @ Jul 23 2014, 10:15 AM)
Thanks Tigerr... that the fact. Well, just assume those dream come true. and we look at the scenario during economic crises in Hong Kong during the time where property bubble burst.
During the economic crises, do you think we have cash to buy property during that time? Too many dream and waiting is not really worth lol.. and end of the day. you may not even owe a single property...
Honestly, now! if you manage to see property of your wish.. why wait... and my advise is don't wait... grab it..because the price keep on going up.
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sometimes we cant predict timing. but for the bubble to burst it takes time, and we are mentioning decades not just a few years. patience is still something that is very valuable.

when a buble burst, it's not gonna tell you exactly which year or month or even day lah. but when it happens, possibly many ppl wont even be aware of it until the retrenchment happens and the interests starts increase drastically. by the time people realize it, they wont be able to do anything including buying house. however, for those that already patiently have waited, then they can have a more stronger bargaining power.

but, in spite of all that, all our demands changes and demands here does not only refer to desire to buy property. there's so many things besides buying property. somehow, "a few" people here seems to be so kan cheong others dont buy and seems like they are even trying to portray a rosy picture about property to many ppl here, when sometimes to majority, property is just a tiny bit of their lives.
Dern
post Jul 27 2014, 09:59 AM

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QUOTE(gogo2 @ Jul 23 2014, 11:26 AM)
Well, that time RM300k is still reasonable that's why cannot drop. But since you say now landed is million, and its out of reach of mostly KV people, do you think it is not bubble?

So 10 years ago bubble no burst. And now inflating bigger for another 10 years. So what you think will happen when such bubble burst?  hmm.gif
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the most important point is the majority average people salary cant catch up with the "inflated prices" of the properties. This will take into consideration of the demand for the properties...some things, no matter what excuses being cooked up by developer, property agents or flippers....eventually people just see through it.

when you cant afford to buy it, when you feel it's not worth to buy it, when you feel it's overly priced, chances are...it is. laugh.gif

 

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