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 4 Critical Signs of a Bubble Market V7, UUU still trounced DDD

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Tigerr
post Jul 14 2014, 01:13 PM

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QUOTE(Jliew168 @ Jul 14 2014, 12:34 PM)
The gap between rich n poor is damm big in india. In India if u want to rent a house u need to pay advance 1 year for expatriate. The slum is 100x poorer than our homeless and the rich actually is way much higher than us la.
We should consider ourself so so lucky compared with few country above..may be should watch slumdog millionaire
to realise how lucky are we...
At least we still have a great medical service, still able go to school, low cost housing and stability

Don't complain bad economy ,high property price , unemployment , inflation...u r the one who write your own pay check and the sky is limit..if 97 fall down then up again lo...
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The service apartment I rent in jakarta got to pay 6 months rental in advance n renew 6 months by 6 months. In USD some more.

I have not been to nigeria n congo as one of my ex colleague is there. People said place bird also cannot lay eggs is worse n he said that place bird also cannot find.

I like the Armstedam, people can cycle to work. Public toilet is so convenient. Unlike india, very hard to find public toilet.

I like china the most. They have transformed the most over the 10-20 years. We build lots of ships there. Their salaries raise quite a lot n some has surpassed us.


Tigerr
post Jul 14 2014, 01:20 PM

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QUOTE(ManutdGiggs @ Jul 14 2014, 07:12 AM)
Oh she oledi staying in DPC. Gratz rclxms.gif
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Not sure leh....saw that in her posting. Don't know she is abig liar or what. IT technician that just work for few years can affird a mil++ property lor...if it didn't ring a bell being fishy, I dont know what lor. May be jadi perempuan simpanan lor (copy from jolokia) for spreading wide wide lor...laugh.gif if not, may be then rent with nigeria bf who involved in drug activities lor...

but we congrat to her also, at least she got the guts to tell people she stays in desa park city n owns millions too...laugh.gif
Tigerr
post Jul 14 2014, 01:30 PM

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QUOTE(gsdfan @ Jul 14 2014, 11:10 AM)
If price so high, what makes you think you can own the house? You're just borrowing money from bank to buy the house but the house belongs to the bank.

You're just renting it from the bank with high housing price. How can you own it if it's expensive? You think musical chair, pass it around?
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U finish pay installment. That house is yours. Yours, u know?

U pay rent to owners, after 30 years of renting, that house is not yours. It belongs to the owners. If u want to buy from the owners, u got to buy at market price too.

houses, they come with different price tags...buy what u afford n comfortable. If income 2k, choose something cheap instead if follow others to buy luxury one...u r the one who is buying n u r the one who is choosing too. But it is not wrong either if u don't like to buy n own a house. But I not sure if u got buy any cars or not? I believe is no lor because why pay for a car? You borrow money from the bank n the car belongs to the bank n it is still renting from the bank...end of 7or 9 years, the car may be worth not much liao n may be need to scrap it if not good maintenance. During the loan period, finance company suck high interest from u too....helping the rich to make money too as got insurance, road tax, car service n maintenance, summons, parking fees, tayars, mechanics etc etc...

no offense, ok? Just paint the picture to be seen more clearer only.

This post has been edited by Tigerr: Jul 14 2014, 01:38 PM
Tigerr
post Jul 14 2014, 01:37 PM

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QUOTE(zuiko407 @ Jul 14 2014, 03:27 AM)
She really angry and hate us smile.gif
All this happen bcos of social problem, when food price increase, petrol price increase, property price keep goreng n never drop so far, end up people get angry especially the poor group, finally crime rate increase, can't imagine if the rich n poor getting bigger gap!!
We have to forgive her, her life is tough, almost hate everybody in the world, she wish most of us rape by bangla n get kill, but so far not happen, she keep looking for cheap house is reality n proven, that's why I don't mind she keep mentioning me n attacking, look at what happen in Gaza now and also Iraq n Afghanistan, Then u will understand why World Trade Center were attacked during 911.
Hope she got her cheap house sooner n doing well as a IT technician
*
Sigh...what to do? Tell her work harder n smarter to earn more income but cannot. Think we owe her money meh...we make money not from the sky drop down one....it is with our sweat n time one...of course, we are getting better n better n time spending ll be lesser n income coming is getting more n more but after many years of hardwork lar...dont expect all this comes naturally n rightfully to your door if u r lazy n stubborn.


icemanfx
post Jul 14 2014, 01:44 PM

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QUOTE(Tigerr @ Jul 14 2014, 12:09 PM)
The worst place I have been so far is Mumbai about 10 years ago. During that time, the property price at Mumbai is already higher than Malaysia while their wages or salary is still way lower than Malaysia. The low income group is impossible to buy a house n if u consider malaysia, u r still afford to but u r more choosy only. Over there...almost no hope. Right now, I don't know if their property price has dropped or not but my guess is more higher n the gap is more wider.

Next, is Jakarta. The property price is also way higher for the average salary earners especially condos or service apartment at kuningan or mangga area. The rental is usd1500-2000 per month just for a 2 bed room service apartment but with daily maid to clean the house.

Next is Manila, the poor also almost impossible too to buy thevproperties. Ho chi minh city also same.

u can still see lots of poor people staying in the wooden huts in the heart of the city. I believe our country is still way better than them as our citizen is in much better condition just that we are more choosy. Of course there are also hard core poor people in malaysia too.
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Property price in Jakarta and Manila could be higher than kv but population and rich people in both cities are a lot more too. Similarly, many Malaysians couldn't afford current house price either.

QUOTE(Jliew168 @ Jul 14 2014, 12:34 PM)
The gap between rich n poor is damm big in india. In India if u want to rent a house u need to pay advance 1 year for expatriate. The slum is 100x poorer than our homeless and the rich actually is way much higher than us la.
We should consider ourself so so lucky compared with few country above..may be should watch slumdog millionaire
to realise how lucky are we...
At least we still have a great medical service, still able go to school, low cost housing and stability

Don't complain bad economy ,high property price , unemployment , inflation...u r the one who write your own pay check and the sky is limit..if 97 fall down then up again lo...
*
According to gini coefficient, gap between the rich and the poor in Malaysia is not much better either.

QUOTE(Tigerr @ Jul 14 2014, 01:06 PM)
Haha...your friend so pityful ah...sent my condolence to her...

please help her get one low cost lar at bukit beruntung lar. I guess now still can get one lar. May be 50k also more than enough. Tell her not to be choosy lar n take a bit longer time to go to work or change her job to nearby bukit beruntung lor. Sure untung one...laugh.gif

Tell her my ex-staff in jakarta, they everyday travel by public transport n jam like 2 cans of sardine put into 1 can for more than 1 hour to reach office to work. Worse if kena raining days.  Salary not more than rm1500 after conversion. She is very lucky lor compare to my ex-staffs.
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It is not unkown for people to take 1 to 2 hours to travel to work in kv.
Tigerr
post Jul 14 2014, 01:51 PM

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QUOTE(icemanfx @ Jul 14 2014, 01:44 PM)
Property price in Jakarta and Manila could be higher than kv but population and rich people in both cities are a lot more too.  Similarly,  many Malaysians couldn't afford current house price either.
According to gini coefficient,  gap between the rich and the poor in Malaysia is not much better either.
It is not unkown for people to take 1 to 2 hours to travel to work in kv.
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Cool bro...I just sharing to u what I experience myself...1 to 2 hours go to work is not strange. What my whole jakarta office, every staffs 20+ staffs got to take 1-2 hours to come to work n sosometimes up to 3-4 hours on raining days. Imagine, whoke office no people when is bad raining days. I pity my ex-account manager, pregnant also got to squeeze bus n transjakarta n walk to office daily basis. Only 2 people escape this. Myself who stay in a service apartment which is few blocks away in kuningan n my jakarta director who got a driver to drive him. tongue.gif
jwrx
post Jul 14 2014, 01:59 PM

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QUOTE(Tigerr @ Jul 14 2014, 01:30 PM)
U finish pay installment. That house is yours. Yours, u know?

U pay rent to owners, after 30 years of renting, that house is not yours. It belongs to the owners. If u want to buy from the owners, u got to buy at market price too.

houses, they come with different price tags...buy what u afford n comfortable. If income 2k, choose something cheap instead if follow others to buy luxury one...u r the one who is buying n u r the one who is choosing too. But it is not wrong either if u don't like to buy n own a house. But I not sure if u got buy any cars or not? I believe is no lor because why pay for a car? You borrow money from the bank n the car belongs to the bank n it is still renting from the bank...end of 7or 9 years, the car may be worth not much liao n may be need to scrap it if not good maintenance. During the loan period, finance company suck high interest from u too....helping the rich to make money too as got insurance, road tax, car service n maintenance, summons, parking fees, tayars, mechanics etc etc...

no offense, ok? Just paint the picture to be seen more clearer only.
*
there comes a point in time when renting is a better option then buying. A good example is Penang.... a 5000sqf bungalow can rent for 1-1.5k, but to buy is 2mil. you can rent it for 30 years and u still only spent a tiny fraction of the amount compared to buying it yourself

i have 2 grandaunts living in Penang....both are 70+, each have a bungalow in a decent location in Georgetown....last year, they both sold thier houses for about 2.5mil each...then rented similar house in the same location for 1.5k per month. imagine that...they now have 2.5mil cash in thier bank accounts, to pass on to thier kids, while rent is only 1.5k per month.

its not always black/white.... buy is better then rent, always depends on circumstances.






Tigerr
post Jul 14 2014, 02:22 PM

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QUOTE(jwrx @ Jul 14 2014, 01:59 PM)
there comes a point in time when renting is a better option then buying. A good example is Penang.... a 5000sqf bungalow can rent for 1-1.5k, but to buy is 2mil. you can rent it for 30 years and u still only spent a tiny fraction of the amount compared to buying it yourself

i have 2 grandaunts living in Penang....both are 70+, each have a bungalow in a decent location in Georgetown....last year, they both sold thier houses for about 2.5mil each...then rented similar house in the same location for 1.5k per month. imagine that...they now have 2.5mil cash in thier bank accounts, to pass on to thier kids, while rent is only 1.5k per month.

its not always black/white.... buy is better then rent, always depends on circumstances.
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how many this kind of deal is available?? What is the general rental price for a condo in penang now??

jwrx
post Jul 14 2014, 03:04 PM

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QUOTE(Tigerr @ Jul 14 2014, 02:22 PM)
how many this kind of deal is available?? What is the general rental price for a condo in penang now??
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if you talk about condo, its even more worth it to rent then buy. occupancy rates of condos in Penang island is at an all time low
satrianeo-x
post Jul 14 2014, 04:12 PM

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QUOTE(jwrx @ Jul 14 2014, 03:04 PM)
if you talk about condo, its even more worth it to rent then buy. occupancy rates of condos in Penang island is at an all time low
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Hmm. If that is the case, why aren't the asking price coming down? Was it because it was bought at a premium price?
Tigerr
post Jul 14 2014, 04:18 PM

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QUOTE(jwrx @ Jul 14 2014, 03:04 PM)
if you talk about condo, its even more worth it to rent then buy. occupancy rates of condos in Penang island is at an all time low
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I cannot comment further without knowing what is the rental rste of a condo in penang. By the way, do u know actually? Knowing the rental rate only I can gauge the rental of 1.5k on a bungalor(2.5 mil) in the center of george town is good deal or not.
Tigerr
post Jul 14 2014, 04:21 PM

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QUOTE(satrianeo-x @ Jul 14 2014, 04:12 PM)
Hmm. If that is the case, why aren't the asking price coming down? Was it because it was bought at a premium price?
*
If that is the case is true, wondering why penang people complain property price is high as they can rent a bungalor at 1.5k at george town some more. KV people sure envy like hell as 1.5k here may not enough for a condo in some selected place.

hmm.gif may be lim ge controls the rental rate??? laugh.gif
bearbearwong
post Jul 14 2014, 04:23 PM

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QUOTE(Tigerr @ Jul 14 2014, 01:06 PM)
Haha...your friend so pityful ah...sent my condolence to her...

please help her get one low cost lar at bukit beruntung lar. I guess now still can get one lar. May be 50k also more than enough. Tell her not to be choosy lar n take a bit longer time to go to work or change her job to nearby bukit beruntung lor. Sure untung one...laugh.gif

Tell her my ex-staff in jakarta, they everyday travel by public transport n jam like 2 cans of sardine put into 1 can for more than 1 hour to reach office to work. Worse if kena raining days.  Salary not more than rm1500 after conversion. She is very lucky lor compare to my ex-staffs.
*
brother 50k wor... is like getting a Myvi.. i dun think Malaysian even with 1,500 can get.. furthermore a house?
bearbearwong
post Jul 14 2014, 04:29 PM

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QUOTE(Tigerr @ Jul 14 2014, 01:51 PM)
Cool bro...I just sharing to u what I experience myself...1 to 2 hours go to work is not strange. What my whole jakarta office, every staffs 20+ staffs got to take 1-2 hours to come to work n sosometimes up to 3-4 hours on raining days. Imagine, whoke office no people when is bad raining days. I pity my ex-account manager, pregnant also got to squeeze bus n transjakarta n walk to office daily basis. Only 2 people escape this. Myself who stay in a service apartment which is few blocks away in kuningan n my jakarta director who got a driver to drive him. tongue.gif
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walao, can we help Indonesia to improve their transport or public transport.. i know Jakarta traffic is suck.. but why they still on cars? too rich perhaps? my gf father has 5 Indonesia workers all after getting salary around 1k back Indonesia happy only..

Indonesia so char one meh? no wonder got ppl study doctor in Indonesia only RM 120K MYR...

no worries after property bubble, our government will borrow IMF and we will be trailing behind Indonesia or worse.

then we all go Sing-ka-pore and fry mee hon
Tigerr
post Jul 14 2014, 04:29 PM

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QUOTE(bearbearwong @ Jul 14 2014, 04:23 PM)
brother 50k wor... is like getting a Myvi.. i dun think Malaysian even with 1,500 can get.. furthermore a house?
*
Low cost apartment, why cannot get? My aunty got one at 43k at selangor....rent it out at 200 a month....
bearbearwong
post Jul 14 2014, 05:06 PM

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QUOTE(Tigerr @ Jul 14 2014, 04:29 PM)
Low cost apartment, why cannot get? My aunty got one at 43k at selangor....rent it out at 200 a month....
*
brother low cost cannot simply buy one... the fella buying is either very old, very low salary, or gov took their property and compensate 1 units for him/her..
and have to obtain consent from state gov before can sell, and 5 years restrictions before can sell, the one buying too must be low salary..
jwrx
post Jul 14 2014, 05:13 PM

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QUOTE(Tigerr @ Jul 14 2014, 04:21 PM)
If that is the case is true, wondering why penang people complain property price is high as they can rent a bungalor at 1.5k at george town some more. KV people sure envy like hell as 1.5k here may not enough for a condo in some selected place.

hmm.gif may be lim ge controls the rental rate??? laugh.gif
*
its the same in KV, a terrace house in Damansara Kim would rent for less then 2k, but cost more then 1mil. I used to own a place in DK, sold 4 years ago, still have frens in the same area, rents havnt gone up much.
Tigerr
post Jul 14 2014, 05:20 PM

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QUOTE(bearbearwong @ Jul 14 2014, 05:06 PM)
brother low cost cannot simply buy one... the fella buying is either very old, very low salary, or gov took their property and compensate 1 units for him/her..
and have to obtain consent from state gov before can sell, and 5 years restrictions before can sell, the one buying too must be low salary..
*
My aunty is old n poor n has gone thru the proper procedure to buy that unit....can I said she simply apply n buy? tongue.gif actually we had advise her to buy it long time ago when price is even cheaper...
ZeaXG
post Jul 14 2014, 05:21 PM

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QUOTE(Tigerr @ Jul 14 2014, 04:29 PM)
Low cost apartment, why cannot get? My aunty got one at 43k at selangor....rent it out at 200 a month....
*
5.6%p.a before maintenance costs.. Some need to deal with tenants which may be unsavoury. Pretty bad deal imo. sweat.gif
Tigerr
post Jul 14 2014, 05:22 PM

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QUOTE(jwrx @ Jul 14 2014, 05:13 PM)
its the same in KV, a terrace house in Damansara Kim would rent for less then 2k, but cost more then 1mil. I used to own a place in DK, sold 4 years ago, still have frens in the same area, rents havnt gone up much.
*
But my friend owns a unit at mont kiara n renting out at 5.5k woh.....

but still what is the rental rate for condo in penang??

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