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 Are you guys ready for hike in interest rate?, Interest rate rising in July & September

Are you guys ready?
 
Yes, my loan percentage is low compared to my earning. [ 124 ] ** [63.59%]
No. (Explain why no?) [ 71 ] ** [36.41%]
Total Votes: 195
  
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post Jul 11 2014, 01:45 PM

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QUOTE(memekfalui @ Jul 8 2014, 08:26 AM)
But but but .....
In property section the guys are still on BBB mode for the whole year!
Some still goreng property price up up up !
Maybe it's true /k all salary 20k per month laugh.gif
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their rice bowl is in property, if they dont lie about up, up, up....how to cari makan ? they have to always paint a fake picture to buyers what... laugh.gif
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post Jul 11 2014, 02:01 PM

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QUOTE(maraippo @ Jul 8 2014, 10:13 AM)
but from past data, property prices in Malaysia no go down. only stagnant. i wonder will price correction really gonna happen. i don't think so. even tho house prices is increasing, the demand is still there. malaysians like to live in luxury. biar papa asal bergaya mentality. pay rental 2k-3k per month is no issue to them. even students oso nowadays damn rich renting studio and condo units.

but if you go to auction nowadays, you can see there's start to have high end properties under auction, which is quite rare in past years. condos, soho, studio, etc. from my view there are already investor getting hurt with current situation. but the demand to own these units is still high. a lot of people enter the bid for these units.

this is for kl area. not sure with other region.
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some are fake "customers" they just want to make quick money by intimidating the real buyers. smile.gif
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post Jul 12 2014, 09:12 PM

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QUOTE(bearbearwong @ Jul 11 2014, 06:01 PM)
you havent see the whole pack come... every week got new account join in, join in only like champion talk property even more good than property guru.. knn
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AND they reverse the blame to those genuine accounts that are not even dupe accounts. they blame it on using same keywords, hoping property price goes down....oh gosh, what life do they have ?
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post Jul 12 2014, 09:44 PM

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QUOTE(Tigerr @ Jul 12 2014, 04:01 PM)
The price wont drop in general. Even if the supply is there n less demand, the price may just adjust some discount from the increased profits. Example. New property launching at 500k with 8% early bird discount end up at 460k. After VP, everyone putting a price tag 650k-700k. So, when cannot sell, some may reduce to 600k or even some (may be very little n those desperate one) will go down to 500k. Is this what u call price drop n is this what u r waiting for?

If u are waiting for it to correct 20% based on the 460k of what the buyers originally buying, my guess is u died that day also may not happen. Except ah loong case where they dying fir cash....

so, if u feel this wont happen, why u still waiting?

Every year, the govt putting some measure to lift the level of difficulty for us to buy n it is going to be harder n harder going on.

When it becomes too dufficult that time, u ll only start to regret that u didnt take action earlier. May be waiting to queue to buy 1 prima house or upgraded low cost apartment at the wrong location. Or may be renting is the solution. Look at hong kong, property price really goes up crazily high n prople's option is to rent.....
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can i ask you a simple question, why are you so bothered and worry others who wait just to see the price fluctuations and keep asking ppl to buy NOW? hmm.gif

it's like suddenly it "becomes your problem"....but HIGHLY UNLIKELY ppl in such times are "that kind" wink.gif

as the malay say, got prawn behind the stone thumbup.gif
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post Jul 12 2014, 09:49 PM

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QUOTE(Tigerr @ Jul 12 2014, 04:05 PM)
The longer u wait, the harder to u to buy one in future. Dont expect people to sell u low. Imagine yourself in their shoes, will u sell lower later??? Why must sell lower?? If economy is bad n affecting them, will u think during that time, will u be affected also???if u r affected, will u still think of buying a property??? Or rather how to survive....
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everyone will be affected, BUT those that didnt buy property when the recession comes will be thankful that they didnt buy as they wont have a burden of loans. For those who already bought property, it is a burden and an insecure situation because you wouldnt know you might sustain your employment/cash flow or not to pay the loan...not forgetting having liquid cash for back-up just in case there's any unforseen emergency cases.

so, I was wondering, how can those who didnt buy property now will regret ? ( different case if you talk to ppl working in property line....they need to tell you different story to be able to gain income)

it's not that your life is about property, right ? there's many ways to earn income, only useless or incapable people always lure people that property is the only way to earn income wink.gif life is not that rigid.
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post Jul 12 2014, 09:51 PM

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QUOTE(beyond86 @ Jul 12 2014, 04:17 PM)
That true, chicken rice price wont drop to rm3 even crisis.
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it wont...just that there will be less stalls selling chicken rice wink.gif
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post Jul 12 2014, 09:55 PM

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QUOTE(hey_there @ Jul 12 2014, 04:24 PM)
I strongly agree with this. In 2010, I went and see a new launch condo selling at 29xk. Didn't buy. vp increase to 360k. Now close to 400k. Where else can I buy a new condo at below 300k. Now new launch easily 4xxk. If I dun buy now, later min to buy a condo become 600k. Lagi cannot buy. Some advice me to buy 2xxk more than 10 year old subsale. Wah Lao... That time can buy new condo at 2xxk now, same price 10 year old condo.
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increase is 1 thing, having ppl to buy is another thing. dont you know the agents by hook or crook also they will increase price even though no one is interested in the unit ? they have "face" to take care of...they have to prove that property can only rise no going down, not realizing actually by the look of the pricing, buyers just went off...
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post Jul 12 2014, 09:58 PM

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QUOTE(Tigerr @ Jul 12 2014, 04:41 PM)
My philosophy is like this. I dont worries property price higher, I dont worry installment is high. I ll just buy n tahan for few years to 10 years may be. Then, I believe I ll reap the benefits. Why? See below.

if I buy properties (few units) worth 2 millions combine. My installment per month could be 10k a month. I will rent them all out cheap even to collect half my installment amount also never mind. So, let's say I collect 5k in rental n my real installment is just 5k a month. With 10 years down the road, assuming I dont even increase the rental and it is still cheap, I can keep all the tenants for 10 years. U think the 5k u pay 10 years later is still too difficult for u? The money value will shrink n may be 5k in 10 years later is sap sap sui for u already. Plus the 2 million worth properties may become 4 million or more.

May be u your annual income already more than 200k++ n the cheapest property at that time, installment already start at 5k minimum.

I have regretted my life didnt pick up a house in SS15/2B many many years ago....now it increased almost 300% liao...because that time if I buy, I got to pay monthly installnent of 800 n u can imagine now....if paying about 800 is it too difficult compare to last time???
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that is YOU and only YOUR SITUATION. dont talk as if the over 1 million population situation is like you. i thought that is just retarded.

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post Jul 12 2014, 10:04 PM

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QUOTE(Tigerr @ Jul 12 2014, 05:15 PM)
Buy the house. If economy no good, lagi best. More people ll need to rent from u. More people renting, they help u pay off your house as u onlt pay a portion of the house price to own it eventually. If u got 10 houses, rent 9 out, afterall, u only need obe to live....after 20-30 years. U got 10 houses. But I guess if u can think like that, u ll not end up with 10 houses but more. Only God can tell how many...laugh.gif
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in this world, or even in malaysia or KL, there's only 1 "U" ? why would ppl come to rent from you if your unit is high rental, location also not good, wall also worn out, area is full of foreigners...etc ?

come one, dont talk as if everything is just only "U"....there are thousands and thousands of options just in KL alone.
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post Jul 12 2014, 10:13 PM

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QUOTE(bearbearwong @ Jul 12 2014, 06:03 PM)
Owayls have to character attack rather than issue addressing.. you guys are here only to tell ppl BBB is good to go.. nth should stop it..it is illogical..

tell us how has the property market been ,not the next 6 months.. that is timing..how about past 6 months of 2014.. any poised to increase signs... any where market is recovering..
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actually they have been doing it since last time....their words is anything but common sense. their intention is hoping to create a scene whereby ppl will trust them that property does bring wealth to ppl without mentioning the cons... laugh.gif

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post Jul 12 2014, 10:15 PM

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QUOTE(Showtime747 @ Jul 12 2014, 06:08 PM)
bearbear, I have seen his comment enough to tell he is a pessimist. Not character attack lah, Just like if someone call me an optimist, I won't say he do character attack on me tongue.gif

I think he hates me liao. And afraid to talk to me now. Because truth is always not nice to hear
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is there even a truth in all your words ? it's quite surprising....
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post Jul 12 2014, 10:18 PM

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QUOTE(Jliew168 @ Jul 12 2014, 07:57 PM)
Well said , some people just never see big snake pee before..
One biggest mistake some people make is not taking advice from right people.
They choose to listen to someone that see from news and learn from text box but ignore those who go thru n experience it before.
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dont be so stupid to say such thing in a forum whereby everything is just goes by talking.

talking is cheap in forum, especially when you dont even know that person. a person can talk in a convincing way(that might be true to your senses) but that doesnt justify that person can give the right advise.
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post Jul 12 2014, 10:21 PM

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QUOTE(siakap5 @ Jul 12 2014, 09:08 PM)
The more u talk the more u look like a silly beruang. Main jauh2 la dik. Lol
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i think ur more sillier than him to be honest laugh.gif

he didnt say he wants to play with you, it's you thick skin come to him and tell him to play far far rclxms.gif

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post Jul 12 2014, 10:35 PM

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QUOTE(icemanfx @ Jul 12 2014, 10:26 PM)
People with vested interest especially those have too much to loss brag the most and loudest.
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couldnt agree more. looking at his way of begging bear bear wong to buy, it indeed is. it's kinda stupid and i mean honestly retarded to try to influence ppl here by how they "compliment" people of wealth accumulation property can do. sometimes, when the majority cant afford, they just CANT no matter what sweets you want to put to them. and what's more worst is they advise if you cant afford it, go and find more work to gain income... unsure.gif JUST TO BUY A PROPERTY ???

as stupid as it sounds, i would rather dont buy that house and probably keep saving money(and sometimes opportunities does come along the way, you dont know the future) than to buy it out of "i want to have a house just like everyone" and regret it later that you are a fool to buy that house and give that profit to the seller and few years later struggling to pay for that loan, when you not sure of you can even sustain the loan, and if not it will be lelong and you go back to square one.

and by saying this, suddenly those retards label you as a doom person. doh.gif
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post Jul 12 2014, 10:38 PM

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QUOTE(ManutdGiggs @ Jul 12 2014, 10:37 PM)
yawn.gif
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nothing else to say ? yawn.gif
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post Jul 12 2014, 11:18 PM

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QUOTE(Mathew86 @ Jul 12 2014, 10:52 PM)
Last time year 1990+ Penang were 100k , now more than a million
Based on data , it's more than 1000% appreciation ...  Someone please tell me crisis coming~~
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Is Penang the only area with property in Malaysia ? hmm.gif
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post Jul 12 2014, 11:20 PM

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QUOTE(Mathew86 @ Jul 12 2014, 11:01 PM)
Very true , don't buy any property . We shall wait for the economy crisis to come , then laugh those people who suffering
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did you read properly what Ive written ? you can be as scarcastic as you want to be but pleaseeee stop being an idiot and misinterpret what Ive written.
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post Jul 12 2014, 11:22 PM

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QUOTE(hey_there @ Jul 12 2014, 10:59 PM)
Again, I strongly agree with this. In 2010, ppl confidently tell me to wait and pin point why property crash is coming and how soon. I was naive. Waited and waited, it did not come down but up to double the price.

Another incident, my bro bought a double story in subang in 2011 at rm370k. That time, my relative said property is at all time high and shouldn't buy at this time. Should've just wait. Now, 2014, my friend bought a same unit next to my brother's at rm680k. So, imagine if my brother waited at that time, no need buy d lo..
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nobody force him to buy a house in subang jaya NOW right ? (assuming if he wants to buy now) if he's lazy, of course he has to buy at that price. nothing comes easy anyway.
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post Jul 12 2014, 11:23 PM

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QUOTE(ManutdGiggs @ Jul 12 2014, 11:03 PM)
bruce.gif
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anything else to say ? shocking.gif
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post Jul 12 2014, 11:24 PM

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QUOTE(Jliew168 @ Jul 12 2014, 11:13 PM)
+ 1

Don't be surprise when u see bunch of those people again here...anyway don't feel surprise because every year there will be people who talk a same story again..luckily your bro dint not blindly follow them.

You know in market there a lot sour grape try to drag u to join they lonely path..they try to attack us when we try to give advice to people...

Not all advise might be correct , but it is better than learn to repair a car from a fisherman
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likewise the "other bunch of people" also. laugh.gif

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