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 timesÂ
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
Bear bear will take dis as criticism rathr thn advice. Sai how sui. Never seen such useless pipu b4. Amazing!!