QUOTE(Showtime747 @ Oct 28 2014, 08:11 AM)
bearbear, in my 20+ years experience in malaysian property, price was only 1 way up. In between, there are ups and downs. But long term, the price increase between 5%-10% pa
That's why I told you, for own stay, don't time the market. Buy when you are financially able. In 20 years time, the price will increase 2-3 times
bearbear, property is high risk investment. It has ups and downs. No one will be daring to say property price "100% sure" to increase "always/any point in time". But in long term malaysia property investment context, it has been proven price has been increasing 5%-10% pa on average
bearbear you are too "macro". Property market for individual is very localised. You only buy 1 property. But you look at the whole market indicator. Property is not like share market. When share market drop, every share drop. You cannot say the same in property market. Good property seldom drop price.
Like boss Jliew said, if you expect 5%-10% price drop, every now and then you can find such bargain already. Why wait for bubble burst ? If you really search hard enough I am sure you can find your dead chicken. If you don't mind auction property, you can always find >10% discount property.
bearbear,
You have big problems.
1. You don't know what you want
2. You don't know the difference of "own stay" and "investment"
3. You read the market too much (when you only buy 1 house out of the whole market)
4. You are stucked in the DDD"s "miss the boat syndrom" (the longer you wait, the harder you will buy)
5. Your character is undecided and easily influenced by market news
6. You job is a hazard. You become very negative and pessimistic. 1 piece of news you will interpret as the world is going to end
7. You blame the UUU and flippers as the cause of your inability of buy house (whereas they are just part of the system)
8. You hope too much the market will collapse. Until it has turned into your belief, and cannot see clearly what is the real situation
If you don't wake up, you will never buy property, even in 2015
1.) He know what he want - Problem is he can't afford what he want, which is why he everyday curse price to crash & looking way to sucker his family member sponsoring him.
2.) He want house price go up & down according to his momentum, when he buy price must be at lowest, when he sell price must be at highest.
3.) He buy 1 house but more demanding then people buying whole block, in fact people who buy in bulk to cannot control the market.
4.) He thought house are like car, the longer he wait the lowest the residue value.
5.) He have no choice but to believe in fairy tales now, same like greedy people are easiest to con.
6.) People use their job to advantage, he use his job as disadvantage.
7.) He forgot he also want to flip his PAMA land to max, while he expect people sell house to him at min.
8.) What else he have but self imagination ? No Money, No Sponsor, Need to get married soon, pressure building up every weekend & holiday, time not to his advantange..
He can still afford some like OUG Parklane & One South, Suria Residence now, if he wait till end of next year those will againn beyond his affordability by then, problem is he already open his Big Mouth, now cannot retract his word, in fact i would even says he get himself a GF which he can't afford, which girl earn 8K wanna married guy who can only afford 4.5K income standard property, i don't blame the girl.
Bear2 in conclusion, your always dream big but no effort been done to achieve it, you wait for money drop from sky, you wait for family member to sponsor you, who wait for price go your way, in short you are a loser.
Oct 27 2014, 07:53 PM
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