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

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CK15
post Jun 20 2014, 01:07 PM

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QUOTE(icemanfx @ Jun 20 2014, 08:27 AM)
If this formula is workable,  why not repeat 10 or 30 times?
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Pls chk with MG boss... he only focused on selected type of properties, and keep on investing it. Milo tins are his limit, not how times he wanted to repeat. :-)
bearbearwong
post Jun 20 2014, 01:53 PM

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QUOTE(zuiko407 @ Jun 20 2014, 12:12 PM)
Bear bear, buy this
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where is this? show room or anyting?
Mathew86
post Jun 20 2014, 01:55 PM

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QUOTE(gogo2 @ Jun 20 2014, 08:33 AM)
I think in 2012 and 2013, DDD accept 5 and become BBB.

But in 2014, I think DDD will tell you that its at stage 6 :-
6. Bubble is bursting - not much transaction in subsale. Flipper are caught. In 2015, GST is causing no spending. Business are getting worse. Boss of business holding a few property are forced to sell at firesale price. Also due to household debt at 86%, less spending outside. Business getting from bad to worst. Many business bankrupt. Bankrupt boss holding a few property go into auction. New property launch are getting less buyer. Those thinking of renting out face the problem of unable to rent out. More inexperience flipper who join property guru unable to serve their loan. More hardship coming. GST coming. Petrol increase. Inflation. Every price go up forcing the flipper to sell their house at lower price. Other flipper seeing this flipper sell lower, then they sell even lower. Transaction price getting lower. You don't see it go lower very fast. It just go lower slowly. And without realising it, its already 50% off. OMG!!!

Hahahahaha.. I think its what current DDD think. LOLOLOLOL

But for me, I think 2018 will herald a new price of property. Huat ar !!!  rclxms.gif  rclxm9.gif
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If your statement is true. No matter to people flipper as long they have holding power like me. As long I can maintain my service loan with 3 property , just a problem time takes longer to sell in next few years later . But also my loan tenure also decreased . I don't see any problem as flipper still have property to hide inside when raining
Mathew86
post Jun 20 2014, 01:58 PM

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QUOTE(gogo2 @ Jun 20 2014, 08:58 AM)
I learn something from here. That is to be patient. Later bought wrong property lagi marfan. I have property in Penang Island. But now targeting mainland because its cheaper. But some area is foreigner infested area. Some are flood area. Need to check properly. Also got one Zero Lot Banglo which have lorry workshop behind (noise and pollution?).

Also I learn that we have to go there few times to check out the place.  rclxms.gif
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+1

Bro , I also bought a condo suite . Urban in jelutong . Penanglang
zuiko407
post Jun 20 2014, 02:50 PM

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QUOTE(bearbearwong @ Jun 20 2014, 01:53 PM)
where is this? show room or anyting?
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Sg long
icemanfx
post Jun 20 2014, 03:20 PM

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QUOTE(CK15 @ Jun 20 2014, 01:00 PM)
+1
For the place I wanted to invest. At least visit 5 times to have full understand of surrpunding first.
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I know people who have bought property
- over the phone without visiting the site, show room or know exact location.
- bought on first visit with cash.

This post has been edited by icemanfx: Jun 20 2014, 03:22 PM
icemanfx
post Jun 20 2014, 03:30 PM

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QUOTE(zuiko407 @ Jun 20 2014, 08:44 AM)
I'm student tongue.gif
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Similar case and "elliot rodger" was mentioned in a lecture recently.

icemanfx
post Jun 20 2014, 03:32 PM

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QUOTE(Mathew86 @ Jun 20 2014, 01:55 PM)
If your statement is true. No matter to people flipper as long they have holding power like me. As long I can maintain my service loan with 3 property , just a problem time takes longer to sell in next few years later . But also my loan tenure also decreased .  I don't see any problem as flipper still have property to hide inside when raining
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Service loan mean principal repayment or interest payment only on flexi account?


This post has been edited by icemanfx: Jun 20 2014, 03:32 PM
SUSjolokia
post Jun 20 2014, 06:44 PM

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QUOTE(Mathew86 @ Jun 20 2014, 01:55 PM)
If your statement is true. No matter to people flipper as long they have holding power like me. As long I can maintain my service loan with 3 property , just a problem time takes longer to sell in next few years later . But also my loan tenure also decreased .  I don't see any problem as flipper still have property to hide inside when raining
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What so special about u ? Is ur father listed among top 40 richest malaysian ? or U r son of some Minister ? why ? u cannot loss job, get pay cut, business get into trouble, kena con & etc. whistling.gif

STRONG holding power laugh.gif

This post has been edited by jolokia: Jun 20 2014, 06:44 PM
SUSjolokia
post Jun 20 2014, 06:47 PM

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QUOTE(icemanfx @ Jun 20 2014, 03:20 PM)
I know people who have bought property
- over the phone without visiting the site, show room or know exact location.
- bought on first visit with cash.
*
Remember the case of the fellow who bought a DSL but never visit the house, later found out some people lived inside the house for many years, when he try to cut electricity, but later the whole 50 members visit his house to "persude" him to re connect the power. tongue.gif
Mathew86
post Jun 20 2014, 06:56 PM

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QUOTE(jolokia @ Jun 20 2014, 06:44 PM)
What so special about u ? Is ur father listed among top 40 richest malaysian ? or U r son of some Minister ? why ? u cannot loss job, get pay cut, business get into trouble, kena con & etc.  whistling.gif

STRONG holding power  laugh.gif
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If I think like you before I buy any property. , until now I still renting a low cost house.

Every person need to work , if lose job then figure to find other job. When company fired you because economy bubble then you no leg to find other job which is lower pay to survive ? You work all the time is no saving to prepare when needs ? That's why la bro , don't over enjoy . I stay in Padang Serai in Kedah (I think bro gogo2 know where) , not much entertainment to spend .

First time I see people buying a property need to look family wealth & background first. I start to work in factory when I was 21. My family from kampung , poor type.

U kena con because u stupid to fall their trap that sounds too good to be true.

Go put your money in FD seriously bro. Buy a property need to concern so much , funny
kradun
post Jun 20 2014, 06:59 PM

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QUOTE(jolokia @ Jun 20 2014, 06:47 PM)
Remember the case of the fellow who bought a DSL but never visit the house, later found out some people lived inside the house for many years, when he try to cut electricity, but later the whole 50 members visit his house to "persude" him to re connect the power.  tongue.gif
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Mayb the buyer purchase the dead chicken but end up become suiyi? The moral of the story, don't get too excited when u get the cheap property. By the way, who has the highest potential to fall into such scheme? smile.gif
Mathew86
post Jun 20 2014, 07:05 PM

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QUOTE(icemanfx @ Jun 20 2014, 03:32 PM)
Service loan mean principal repayment or interest payment only on flexi account?
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My first house bought in Padang Serai 2008 with 108k wit 35 yr tenure , monthly Rm534.
Second house in Sungai Petani last year 368k with 30 yr tenure , monthly Rm1632 @ rent to international school Rm1800
This year going to buy urban suite in Jelutong 464k , waiting EF release on July





Already refinance my first house with 230k . 94k cash coming to prepare for bubble. Work as technician only with 2k salary without OT. This is my portfolio .
kradun
post Jun 20 2014, 07:08 PM

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QUOTE(Mathew86 @ Jun 20 2014, 06:56 PM)
If I think like you before I buy any property. , until now I still renting a low cost house.

Every person need to work , if lose job then figure to find other job. When company fired you because economy bubble then you no leg to find other job which is lower pay to survive ? You work all the time is no saving  to prepare when needs ? That's why la bro , don't over enjoy . I stay in Padang Serai in Kedah (I think bro gogo2 know where) , not much entertainment to spend .

First time I see people buying a property need to look family wealth & background first. I start to work in factory when I was 21.  My family from kampung , poor type.

U kena con because u stupid to fall their trap that sounds too good to be true.

Go put your money in FD seriously bro. Buy a property need to concern so much , funny
*
Congrat to u, I belief ur chance of accumulate higher net worth is much more high compare to the 1 who can find 1 thousand excuse just to prevent themselves buying any prop. Although in logic sense u can park ur excess money at other place to get better return but the successful rate is actually very low, because u need to really know how, not by claiming urself know how.
yusiang
post Jun 20 2014, 07:17 PM

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QUOTE(Mathew86 @ Jun 20 2014, 07:05 PM)
My first house bought in Padang Serai 2008 with 108k wit 35 yr tenure , monthly Rm534.
Second house in Sungai Petani last year 368k with 30 yr tenure , monthly Rm1632 @ rent to international school Rm1800
This year going to buy  urban suite in Jelutong 464k , waiting EF release on July
Already refinance my first house with 230k . 94k cash coming to prepare for bubble. Work as technician only with 2k salary without OT. This is my portfolio .
*
Are you seriously prepared for bubble?? God bless you. I can't even see how bank could approve your loan unless you say your OT is twice of your salary.
zuiko407
post Jun 20 2014, 07:20 PM

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QUOTE(Mathew86 @ Jun 20 2014, 06:56 PM)
If I think like you before I buy any property. , until now I still renting a low cost house.

Every person need to work , if lose job then figure to find other job. When company fired you because economy bubble then you no leg to find other job which is lower pay to survive ? You work all the time is no saving  to prepare when needs ? That's why la bro , don't over enjoy . I stay in Padang Serai in Kedah (I think bro gogo2 know where) , not much entertainment to spend .

First time I see people buying a property need to look family wealth & background first. I start to work in factory when I was 21.  My family from kampung , poor type.

U kena con because u stupid to fall their trap that sounds too good to be true.

Go put your money in FD seriously bro. Buy a property need to concern so much , funny
*
You're right, he still renting nearby LRT station, before was 200meter away from the station but moved to 500 meter away bcos can't tahan the noise
topearn
post Jun 20 2014, 07:29 PM

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QUOTE(yusiang @ Jun 20 2014, 07:17 PM)
Are you seriously prepared for bubble?? God bless you. I can't even see how bank could approve your loan unless you say your OT is twice of your salary.
*

He must have his "jalan"; if he can buy 3 properties within 6 years on just a RM2K salary; I can forsee he'll be a millionaire soon. Many people earning a 5 figure income can't even dare/afford to buy a single property.

kradun
post Jun 20 2014, 07:32 PM

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QUOTE(yusiang @ Jun 20 2014, 07:17 PM)
Are you seriously prepared for bubble?? God bless you. I can't even see how bank could approve your loan unless you say your OT is twice of your salary.
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Other just ignore but got 2 thing, 94k cash and invested house covered with rental. How hard hit to cause the fire sales? smile.gif
Showtime747
post Jun 20 2014, 07:43 PM

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QUOTE(Mathew86 @ Jun 20 2014, 06:56 PM)
If I think like you before I buy any property. , until now I still renting a low cost house.

Every person need to work , if lose job then figure to find other job. When company fired you because economy bubble then you no leg to find other job which is lower pay to survive ? You work all the time is no saving  to prepare when needs ? That's why la bro , don't over enjoy . I stay in Padang Serai in Kedah (I think bro gogo2 know where) , not much entertainment to spend .

First time I see people buying a property need to look family wealth & background first. I start to work in factory when I was 21.  My family from kampung , poor type.

U kena con because u stupid to fall their trap that sounds too good to be true.

Go put your money in FD seriously bro. Buy a property need to concern so much , funny
*
notworthy.gif notworthy.gif thumbup.gif thumbup.gif

Those who board the ship early now enjoy. Those who believed in economic theory missed the boat and continue to curse the market. You are the lucky ones who seize the opportunity and enjoying now

For those DDD who missed the boat, very difficult for them to accept their mistake. They still hope for market crash. Accepting the truth after they waited for 5 years is very hard to swallow. So they will continue to hope and justify with whatever news they can find everyday. I think many DDDs can afford to buy, but they can't get over with their wrong decision made years ago. They "can't swallow the gas" 吞不落那口气

But having said that, I think the good times are over. Market may not crash, but consolidation could happen. I don't think those 15%pa growth will happen for the next 1-2 years. More of the usual steady growth like pre-bull times


zuiko407
post Jun 20 2014, 08:16 PM

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QUOTE(Showtime747 @ Jun 20 2014, 07:43 PM)
notworthy.gif  notworthy.gif  thumbup.gif  thumbup.gif

Those who board the ship early now enjoy. Those who believed in economic theory missed the boat and continue to curse the market. You are the lucky ones who seize the opportunity and enjoying now

For those DDD who missed the boat, very difficult for them to accept their mistake. They still hope for market crash. Accepting the truth after they waited for 5 years is very hard to swallow. So they will continue to hope and justify with whatever news they can find everyday. I think many DDDs can afford to buy, but they can't get over with their wrong decision made years ago. They "can't swallow the gas" 吞不落那口气

But having said that, I think the good times are over. Market may not crash, but consolidation could happen. I don't think those 15%pa growth will happen for the next 1-2 years. More of the usual steady growth like pre-bull times
*
U can read their mind

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