Welcome back. I am glad my comment can attract you here

Your comment is slightly better than iceman. But still 90% is simply splash out one

Dont believe ? See the quote in Appreciativeman signature. Classic

I dont boast around. In a forum, it is your opinion that counts.

Later you ask all deatils to prove to you. Screen shot etc. Last time i show you my bank statement what has happen ? You treat it like never see before

Prove your point by giving solid arguments. Dont be like iceman just give 1 liner rubbish

When you going to predict property price ? Chicken out arr ?

No, I don't feel curious. Only you KPC feel curious

Grow up kid. How rich I am has got nothing to do with you. Your name is not in my Will

bearbearb going around asking people's portfolio....

Its like those kindergarden kid asking his friend..."how rich is your father ?" "What car he drive ?" "You stay in big house or not ?"

Time to grow up bearbear ! You are no more kindergarden.

Or wait ? Are you still in kindergarden ?

Ok, I am wrong. Can you start the thread and 1 year later laugh at my wrong prediction ? You dare or not ?

If you can give your prediction in a new thread, i will definitely give mine too. So that we wont forget what we said.

But you tikus no courage to give prediction

Bearbear, what i have is not important at all. You are just trying to console yourself the UUU here might be tin kosong. So that you give yourself another excuse what UUU said is rubbish and price will drop next year.

But so far the UUU predicted correctly for the past 5-6. What we said is the real situation. Your hope might get dashed. You might be disappointed yet again next year

If you really want to know more about me, i have said before i started property investment since 20+ years ago. I have experienced ups and downs in property. Mostly up only 1 time down. Property prices not easy to go down for many reasons --> Economic, politics, social demographic. You are fighting a great force that is moving forward. You want the force to move backward ? You better hope for a major crisis in malaysia or the world

They wont believe whatever UUU said. Its against their dream. They afraid to wake up and face reality

Bearbear you think RM20k pm is a lot ? Salary job got. If businessman, also got more.

You mix with the wrong type of people. Thats why you still trapped there

Bearbear you made a big assumption. That the price of property is high because of people "calling" price arificially.

Thats why you think the price now is not "worthy" and will crash.

I just want you to think of the following situation :

If you have a apartment monthly instalment RM2k. Your monthly salary is enough to service the loan. If the price drop RM100k, will you sell the unit ? No right ? Why would you sell to take the loss for nothing ? You still can afford the instalment. You will continue to service the loan and wait for the right time.

Most people are like that, so the supply will be less also. How to expect the price to fall.

Unless there is economic crisis where people lose job. Then property price may drop depending on how severe is the recession.

Do you think a recession is coming next year ?

Aiyo you go and compare brim ptptn. You are talking about those 75% of people.

You should talk about those 25% people lah.

Only those 25% people are eligible to drive camry, BMW Benz lah. There are many RM100-200k apartment and flats available. Those are proton and affordable.

You cannot afford BMW and want BMW price to come down to Camry price

Is it "over" leveraged ? I don't think so. I have explained a few time why the consumer property loan is not "over-leveraged" but is caused by innovative loan packages

The rapid expansion of property loan is due to 1 factor --> zero entry + dibs. And this new way of buying property has created new demand that shift the equilibrium to the right. Ie. price increase. The demand comes from 3 new categories of people :


1. Gen Y
Previously, only people with cash equivalent to 15% of property price can buy. So younger generations aged between 22-30 hardly can afford to buy property. They have to save for years. During my time, we (Gen-X) bought our property only around 30 y/o. Even if our salary is RM5k, we can't buy property because there is another barrier --> 15% deposit. We have to save enough only can buy. This takes time.

But with zero entry + DIBS, the developer and banks have made owning property a lot easier for Gen Y. They do not need to save for the 15% deposits. As long as they have a job with good salary, the banks can loan them. This is not possible before. So, a new category of buyers (demand) is "created"


2. Female Gen Y
Previously, there are not many girls get education up to university. Nowadays, girls and boys get to further their studies if they are smart enough. So, together with the zero-entry + DIBS, the female property buyers have become another new category of demand.

Worse, even fresh grad boyfriend+girlfriend suddenly can afford to buy property jointly right out of university age maybe 22-23. That's why we see at the new launching so many young chaps. So, another new category of buyers (demand) is "created"


3. Parents
Previously, Gen-X (35-50 y/o) after buying their first property, they keep their investment in FD (high interest), stock etc. But due to zero entry + DIBS again, these parents find it easy to buy their 2nd/3rd property too. They don't need to start saving the 15% again after the 1st property.

When they see the prices keep increasing, they feel that it is their responsibility to buy for their young children (although they are only <10 y/o now). They thought if they don't buy now, their children are not going to afford. So nowadays, you will see Gen-X own >1 property. For the sake of their children 20 years later. So, yet again another new catetory of buyers is "created".



So here is the important question - are these loans given to the 3 new categories of people vulnerable (ie sub-prime as our student likes to put it) ?

I don't think so. They have the job that pays well and their instalment is affordable as long as they have the job. For Gen Y, they are at the stage of climbing the corporate ladder and their income will only increase fast over time. For those joint name purchase, they can even consider 2nd property after 2-3 years.

The "culprit" is "zero-entry + DIBS" which allow them to bypass the second hurdle of saving 15% deposits. Before, it was a major hurdle for Gen-X to save the 15% deposit. But not Gen-Y. As a result, the property price increased so "abnormal" for the past few years.


Of course, if economic crisis happens, recession will hit everyone. Borrower who lose jobs will face problem of servicing loan instalment and it will lead to property market downturn eventually.

But do you honestly think economic crisis is coming ?

?? What is your comment ??

You just want to highlight my comment in red signifying your agreement ?

He is lost

You ask...people give answer....but you don't believe and say does not mirror majority....

Why you ask at the first place ?

Like you said, no enough fund yet. Got to wait for 2015. We all knew it...

bearbear, go start the prediction thread. Since you so confident price will come down, I let you laugh kao kao at me next year

Why you scared to predict arr ?

Another unfounded rubbish 1 liner instead of pointing out what you disagree with my proposition ?

Readers here are more clever than you thought. Your 1 liner just make you look like a fool

His posting is always...."enlightening"...ahem I mean "entertaining"

Another 1 liner which has nothing to do with what I wrote

You got to convince and make the readers here understand what you wanted to say. But if you want to look like a fool, continue with your 1 liner