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 Property Bubble & Its Social Impact V13, LYN famous DDD Vs UUU Thread

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SUSjolokia
post Nov 10 2014, 05:53 PM

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QUOTE(bearbearwong @ Nov 10 2014, 05:01 PM)
wah by doing this, you are limiting the pools... houses built are to cater demands on certain ppl who think not far... then obviously, population, and spm student does not play well, coz after vp still many vacant right? some failed in doing so like bkt beruntung, lembah beringin..
*
You mean Klang + Shah Alam population not enough ah ? rclxub.gif

Let me tell you this, i work in city centre, i have a bunch (yes a bunch not a few) colleague live in Klang, some Bukit Tinggi Area, there travel to work daily, another bunch live in Setia Alam also drive to city center, for me i cannot accept buy they feel OK, reason they can own bigger & better house there, they says if buy near city center they have to accept 1000sf condo, but there they can own DSL which is their dream.

Some couple worked far apart so 1 of them need to compromised.

Some people not working on fixed hour so living slight further is OK to them, it actually individual preference.

So when you says limited pool actually is your mind is limited.. cool2.gif

For me i ops to live in slight edge of city center as i can rest when i am at home, air there less poluted too, my choice is near border of KL/Selangor, but other have their own preference.

Like you die die like Cheras South, which i don't really like, can i say Cheras South has less pool ?
ykit_88
post Nov 10 2014, 05:58 PM

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QUOTE(jolokia @ Nov 10 2014, 05:53 PM)

Like you die die like Cheras South, which i don't really like, can i say Cheras South has less pool ?
*
According to Bear's theory, u can!! drool.gif
AppreciativeMan
post Nov 10 2014, 06:04 PM

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QUOTE(ykit_88 @ Nov 10 2014, 05:58 PM)
According to Bear's theory, u can!!  drool.gif
*
U hav understood him already!!! thumbup.gif thumbup.gif rclxms.gif rclxms.gif
ManutdGiggs
post Nov 10 2014, 06:16 PM

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U guys argue so much.......................................................stil below 1k post. yawn.gif
zuiko407
post Nov 10 2014, 06:17 PM

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QUOTE(cfa28 @ Nov 10 2014, 05:37 PM)
Hi Bear, lets go into specific on Bukit Beruntung.

TBH, I am an old man, already pushing 45, so I was old enough to know about Bukit Beruntung and could have even bought into Bukit Beruntung.

Today, we look at why Property prices are depressed in Bukit Beruntung.

The Answer is simple - cos there is ready supply in terms of completed and abandoned homes but there is NO demand. Hence, Prices are Low.

Now why there is No demand, cos the Centre of Gravity is towards the Southern Corridor.

Brief History Lesson.

In the early to mid 90s, in the times of TDM,the talk in town was that the Centre of Gravity would be in the Northern Corridor, Linking Selangor to the Silver State (Perak)

Land & General wanted to be the front runner and bought huge parcels of Land and decided to sell and many people were enticed to buy. I was in my 20s and amohst our friends, we talked about buying a unit there but at the end, we did not.

Then, two things happened, the first being the Asian Financial Crisis and TDM announcing that the Airport will be in KLIA and togeter, the development of the Southern Corridor now known as Putrajaya and Cyberjaya and Bukit Beruntung, Rawang was abandoned. L&G wend under and the situation has changed little for past 20++ years.

Today, we look at your comparison of Setia Alam and Semenyih vs Bukit Beruntung.

The Analogy is not comparable.

When Bukit Beruntung was abandoned, there was hardly any infrastructure there.

No 3-Lane Highways

No Public Transportation

No Malls of any kind.

The country went through a Financial Crisis / Recession.

Even if a Developer were to revive the Projects, it would not be viable without the necessary infrastructure.

In fact, only with LATAR, etc, is Rawang becoming viable and some Developers like Mah Sing starting to build there again.

Now we look at Setia Alam.  It has a highway.

It has a Mall - filled with outsiders as u may claim.

But the houses are completed.  Yes, it may be vacant but its not abandoned.
.
If SP Setia decides to give up on Setia Alam, there will be ready takers in form of other developers, the issue being only pricing

We look at Semenyih.

It has PLUS Highway to Kajang.  MRT also stops at Kajang.

It has SILK Highway

It has LEKAS Highway.

Kajang is almost fully developed with only small parcels of Land, so the natural progression is either Bangi or Semenyih.

Problem with Bangi is most Land are Bumi Land so, there won't be huge developments there.

Of course, Southville, etc is there but that's about it for the time being.

The issue with Semenyih is only on pricing.

Is it overpriced - the answer is YES, cos they are selling at Kajang prices already

But will it end up Abandoned like Bukit Beruntung - the answer is NO.

Subsequent phases might be delayed until the right time but it WILL NOT be Abandoned like Bukit Beruntung.

It does not matter if there are many Vacant Units. To Developers, sales has been done and its up to the Secondary Market to find the equilibrium price.

Now on the population part.

Pricing is always a function of Demand and Supply.

If you are the Supply Side, u also will not Supply 1,000 units if there is anticipated 1,000 Demand.

To build momentum, future profitibility, you will build at most 50% to 60% of anticipated demand.

This is cos

1) Not all of anticipated demand will translate into real sales

2) Company must always be a going concern - if u build 100% today, tomorrow u will go bust

Now the real issue of this anticipated demand, how much is

1) Genuine own stay
2) BBGC - Buy Bu Give Children / Long Term Investment
3) Buy to Flip

The above is based on desirability of demand to the overall industry

A bit of speculation is good

Excesive speculation is bad

Demand in SG has dropped cos the Govt has imposed additional stamp duty on foreign purchasers

HK also imposed additional stamp duty to deter excessive speculation

China has a huge risk of property bubble popping anytime
\
*
👍👍👍
bearbearwong
post Nov 10 2014, 06:21 PM

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QUOTE(ykit_88 @ Nov 10 2014, 05:50 PM)
can ask several valuation from diff bank la. some agent also can help u process if u use prop agent.
*
showtime at least is more sensible... 840k is not going to happen, since no more bull run, means price only live on inflation, that is also true only if ppl are buying, if not, inflation also cannot increase, reduced profit

now you know why prices and transaction shall not go far..they are still targeting buyers from working class to buy
bearbearwong
post Nov 10 2014, 06:25 PM

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QUOTE(jolokia @ Nov 10 2014, 05:53 PM)
You mean Klang + Shah Alam population not enough ah ?  rclxub.gif

Let me tell you this, i work in city centre, i have a bunch (yes a bunch not a few) colleague live in Klang, some Bukit Tinggi Area, there travel to work daily, another bunch live in Setia Alam also drive to city center, for me i cannot accept buy they feel OK, reason they can own bigger & better house there, they says if buy near city center they have to accept 1000sf condo, but there they can own DSL which is their dream.

Some couple worked far apart so 1 of them need to compromised.

Some people not working on fixed hour so living slight further is OK to them, it actually individual preference.

So when you says limited pool actually is your mind is limited..  cool2.gif

For me i ops to live in slight edge of city center as i can rest when i am at home, air there less poluted too, my choice is near border of KL/Selangor, but other have their own preference.

Like you die die like Cheras South, which i don't really like, can i say Cheras South has less pool ?
*
oh like this, when we should see sub sales market rolling back or half effective as new launch? problem is due to excessive speculation, property price are the same mana-mana in KV except Malai areas.. still not limited? Malai population 60%, rest is Cina, India and sabah & sarawak ppl..

bearbearwong
post Nov 10 2014, 06:26 PM

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QUOTE(zuiko407 @ Nov 10 2014, 05:50 PM)
Come! 840k I buy from u
*
come and offer sepang 200 acres full take over... can curi GST reality que..
Jliew168
post Nov 10 2014, 06:26 PM

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Joined: Jun 2014
QUOTE(bearbearwong @ Nov 10 2014, 06:21 PM)
showtime at least is more sensible... 840k is not going to happen, since no more bull run, means price only live on inflation, that is also true only if ppl are buying, if not, inflation also cannot increase, reduced profit

now you know why prices and transaction shall not go far..they are still targeting buyers from working class to buy
*
Showtime predict normal growth rate but I would more daring predict for more drastic uuuuuu between 8-15 % for next year after GST and year after . Take base medium range condo 500 psf in KV , next year minimum will start from 550 psf or above wink.gif
Jliew168
post Nov 10 2014, 06:28 PM

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QUOTE(bearbearwong @ Nov 10 2014, 06:26 PM)
come and offer sepang 200 acres full take over... can curi GST reality que..
*
Maximum I give u 30k per acre tongue.gif
ManutdGiggs
post Nov 10 2014, 06:30 PM

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QUOTE(cfa28 @ Nov 10 2014, 05:37 PM)
Hi Bear, lets go into specific on Bukit Beruntung.

TBH, I am an old man, already pushing 45, so I was old enough to know about Bukit Beruntung and could have even bought into Bukit Beruntung.

Today, we look at why Property prices are depressed in Bukit Beruntung.

The Answer is simple - cos there is ready supply in terms of completed and abandoned homes but there is NO demand. Hence, Prices are Low.

Now why there is No demand, cos the Centre of Gravity is towards the Southern Corridor.

Brief History Lesson.

In the early to mid 90s, in the times of TDM,the talk in town was that the Centre of Gravity would be in the Northern Corridor, Linking Selangor to the Silver State (Perak)

Land & General wanted to be the front runner and bought huge parcels of Land and decided to sell and many people were enticed to buy. I was in my 20s and amohst our friends, we talked about buying a unit there but at the end, we did not.

Then, two things happened, the first being the Asian Financial Crisis and TDM announcing that the Airport will be in KLIA and togeter, the development of the Southern Corridor now known as Putrajaya and Cyberjaya and Bukit Beruntung, Rawang was abandoned. L&G wend under and the situation has changed little for past 20++ years.

Today, we look at your comparison of Setia Alam and Semenyih vs Bukit Beruntung.

The Analogy is not comparable.

When Bukit Beruntung was abandoned, there was hardly any infrastructure there.

No 3-Lane Highways

No Public Transportation

No Malls of any kind.

The country went through a Financial Crisis / Recession.

Even if a Developer were to revive the Projects, it would not be viable without the necessary infrastructure.

In fact, only with LATAR, etc, is Rawang becoming viable and some Developers like Mah Sing starting to build there again.

Now we look at Setia Alam.  It has a highway.

It has a Mall - filled with outsiders as u may claim.

But the houses are completed.  Yes, it may be vacant but its not abandoned.
.
If SP Setia decides to give up on Setia Alam, there will be ready takers in form of other developers, the issue being only pricing

We look at Semenyih.

It has PLUS Highway to Kajang.  MRT also stops at Kajang.

It has SILK Highway

It has LEKAS Highway.

Kajang is almost fully developed with only small parcels of Land, so the natural progression is either Bangi or Semenyih.

Problem with Bangi is most Land are Bumi Land so, there won't be huge developments there.

Of course, Southville, etc is there but that's about it for the time being.

The issue with Semenyih is only on pricing.

Is it overpriced - the answer is YES, cos they are selling at Kajang prices already

But will it end up Abandoned like Bukit Beruntung - the answer is NO.

Subsequent phases might be delayed until the right time but it WILL NOT be Abandoned like Bukit Beruntung.

It does not matter if there are many Vacant Units. To Developers, sales has been done and its up to the Secondary Market to find the equilibrium price.

Now on the population part.

Pricing is always a function of Demand and Supply.

If you are the Supply Side, u also will not Supply 1,000 units if there is anticipated 1,000 Demand.

To build momentum, future profitibility, you will build at most 50% to 60% of anticipated demand.

This is cos

1) Not all of anticipated demand will translate into real sales

2) Company must always be a going concern - if u build 100% today, tomorrow u will go bust

Now the real issue of this anticipated demand, how much is

1) Genuine own stay
2) BBGC - Buy Bu Give Children / Long Term Investment
3) Buy to Flip

The above is based on desirability of demand to the overall industry

A bit of speculation is good

Excesive speculation is bad

Demand in SG has dropped cos the Govt has imposed additional stamp duty on foreign purchasers

HK also imposed additional stamp duty to deter excessive speculation

China has a huge risk of property bubble popping anytime
\
*
I giv u my toes up
SUSjolokia
post Nov 10 2014, 06:40 PM

So Hot It Burns..!!!
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3,274 posts

Joined: May 2013


QUOTE(cfa28 @ Nov 10 2014, 05:37 PM)
Hi Bear, lets go into specific on Bukit Beruntung.

TBH, I am an old man, already pushing 45, so I was old enough to know about Bukit Beruntung and could have even bought into Bukit Beruntung.

Today, we look at why Property prices are depressed in Bukit Beruntung.

The Answer is simple - cos there is ready supply in terms of completed and abandoned homes but there is NO demand. Hence, Prices are Low.

Now why there is No demand, cos the Centre of Gravity is towards the Southern Corridor.

Brief History Lesson.

In the early to mid 90s, in the times of TDM,the talk in town was that the Centre of Gravity would be in the Northern Corridor, Linking Selangor to the Silver State (Perak)

Land & General wanted to be the front runner and bought huge parcels of Land and decided to sell and many people were enticed to buy. I was in my 20s and amohst our friends, we talked about buying a unit there but at the end, we did not.

Then, two things happened, the first being the Asian Financial Crisis and TDM announcing that the Airport will be in KLIA and togeter, the development of the Southern Corridor now known as Putrajaya and Cyberjaya and Bukit Beruntung, Rawang was abandoned. L&G wend under and the situation has changed little for past 20++ years.

Today, we look at your comparison of Setia Alam and Semenyih vs Bukit Beruntung.

The Analogy is not comparable.

When Bukit Beruntung was abandoned, there was hardly any infrastructure there.

No 3-Lane Highways

No Public Transportation

No Malls of any kind.

The country went through a Financial Crisis / Recession.

Even if a Developer were to revive the Projects, it would not be viable without the necessary infrastructure.

In fact, only with LATAR, etc, is Rawang becoming viable and some Developers like Mah Sing starting to build there again.

Now we look at Setia Alam.  It has a highway.

It has a Mall - filled with outsiders as u may claim.

But the houses are completed.  Yes, it may be vacant but its not abandoned.
.
If SP Setia decides to give up on Setia Alam, there will be ready takers in form of other developers, the issue being only pricing

We look at Semenyih.

It has PLUS Highway to Kajang.  MRT also stops at Kajang.

It has SILK Highway

It has LEKAS Highway.

Kajang is almost fully developed with only small parcels of Land, so the natural progression is either Bangi or Semenyih.

Problem with Bangi is most Land are Bumi Land so, there won't be huge developments there.

Of course, Southville, etc is there but that's about it for the time being.

The issue with Semenyih is only on pricing.

Is it overpriced - the answer is YES, cos they are selling at Kajang prices already

But will it end up Abandoned like Bukit Beruntung - the answer is NO.

Subsequent phases might be delayed until the right time but it WILL NOT be Abandoned like Bukit Beruntung.

It does not matter if there are many Vacant Units. To Developers, sales has been done and its up to the Secondary Market to find the equilibrium price.

Now on the population part.

Pricing is always a function of Demand and Supply.

If you are the Supply Side, u also will not Supply 1,000 units if there is anticipated 1,000 Demand.

To build momentum, future profitibility, you will build at most 50% to 60% of anticipated demand.

This is cos

1) Not all of anticipated demand will translate into real sales

2) Company must always be a going concern - if u build 100% today, tomorrow u will go bust

Now the real issue of this anticipated demand, how much is

1) Genuine own stay
2) BBGC - Buy Bu Give Children / Long Term Investment
3) Buy to Flip

The above is based on desirability of demand to the overall industry

A bit of speculation is good

Excesive speculation is bad

Demand in SG has dropped cos the Govt has imposed additional stamp duty on foreign purchasers

HK also imposed additional stamp duty to deter excessive speculation

China has a huge risk of property bubble popping anytime
\
*
Ok 1 more posting with sense paste to front page. thumbup.gif
ykit_88
post Nov 10 2014, 06:45 PM

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QUOTE(cfa28 @ Nov 10 2014, 05:37 PM)
Hi Bear, lets go into specific on Bukit Beruntung.

TBH, I am an old man, already pushing 45, so I was old enough to know about Bukit Beruntung and could have even bought into Bukit Beruntung.

Today, we look at why Property prices are depressed in Bukit Beruntung.

The Answer is simple - cos there is ready supply in terms of completed and abandoned homes but there is NO demand. Hence, Prices are Low.

Now why there is No demand, cos the Centre of Gravity is towards the Southern Corridor.

Brief History Lesson.

In the early to mid 90s, in the times of TDM,the talk in town was that the Centre of Gravity would be in the Northern Corridor, Linking Selangor to the Silver State (Perak)

Land & General wanted to be the front runner and bought huge parcels of Land and decided to sell and many people were enticed to buy. I was in my 20s and amohst our friends, we talked about buying a unit there but at the end, we did not.

Then, two things happened, the first being the Asian Financial Crisis and TDM announcing that the Airport will be in KLIA and togeter, the development of the Southern Corridor now known as Putrajaya and Cyberjaya and Bukit Beruntung, Rawang was abandoned. L&G wend under and the situation has changed little for past 20++ years.

Today, we look at your comparison of Setia Alam and Semenyih vs Bukit Beruntung.

The Analogy is not comparable.

When Bukit Beruntung was abandoned, there was hardly any infrastructure there.

No 3-Lane Highways

No Public Transportation

No Malls of any kind.

The country went through a Financial Crisis / Recession.

Even if a Developer were to revive the Projects, it would not be viable without the necessary infrastructure.

In fact, only with LATAR, etc, is Rawang becoming viable and some Developers like Mah Sing starting to build there again.

Now we look at Setia Alam.  It has a highway.

It has a Mall - filled with outsiders as u may claim.

But the houses are completed.  Yes, it may be vacant but its not abandoned.
.
If SP Setia decides to give up on Setia Alam, there will be ready takers in form of other developers, the issue being only pricing

We look at Semenyih.

It has PLUS Highway to Kajang.  MRT also stops at Kajang.

It has SILK Highway

It has LEKAS Highway.

Kajang is almost fully developed with only small parcels of Land, so the natural progression is either Bangi or Semenyih.

Problem with Bangi is most Land are Bumi Land so, there won't be huge developments there.

Of course, Southville, etc is there but that's about it for the time being.

The issue with Semenyih is only on pricing.

Is it overpriced - the answer is YES, cos they are selling at Kajang prices already

But will it end up Abandoned like Bukit Beruntung - the answer is NO.

Subsequent phases might be delayed until the right time but it WILL NOT be Abandoned like Bukit Beruntung.

It does not matter if there are many Vacant Units. To Developers, sales has been done and its up to the Secondary Market to find the equilibrium price.

Now on the population part.

Pricing is always a function of Demand and Supply.

If you are the Supply Side, u also will not Supply 1,000 units if there is anticipated 1,000 Demand.

To build momentum, future profitibility, you will build at most 50% to 60% of anticipated demand.

This is cos

1) Not all of anticipated demand will translate into real sales

2) Company must always be a going concern - if u build 100% today, tomorrow u will go bust

Now the real issue of this anticipated demand, how much is

1) Genuine own stay
2) BBGC - Buy Bu Give Children / Long Term Investment
3) Buy to Flip

The above is based on desirability of demand to the overall industry

A bit of speculation is good

Excesive speculation is bad

Demand in SG has dropped cos the Govt has imposed additional stamp duty on foreign purchasers

HK also imposed additional stamp duty to deter excessive speculation

China has a huge risk of property bubble popping anytime
\
*
I've learn something thank you.

We need more of these informative posts instead of some rubbish comment. thumbup.gif
bearbearwong
post Nov 10 2014, 06:49 PM

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QUOTE(ykit_88 @ Nov 10 2014, 06:45 PM)
I've learn something thank you.

We need more of these informative posts instead of some rubbish comment.  thumbup.gif
*
U also share with us sekinchan or setia alam since youbeen going there every weekend
ykit_88
post Nov 10 2014, 06:50 PM

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QUOTE(bearbearwong @ Nov 10 2014, 06:49 PM)
U also share with us sekinchan  or setia alam since youbeen going there every weekend
*
bear, u need to improve ur reading skills. since when I said go there every weekend?

I only said very often! doh.gif doh.gif
SUSjolokia
post Nov 10 2014, 06:51 PM

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QUOTE(bearbearwong @ Nov 10 2014, 06:25 PM)
oh like this, when we should see sub sales market rolling back or half effective as new launch? problem is due to excessive speculation, property price are the same mana-mana in KV except Malai areas.. still not limited? Malai population 60%, rest is Cina, India and sabah & sarawak ppl..
*
Ah bear though i can only understand the 60% Malai part, the rest i have no ideas what you talking about, Ah Bear Genting also not target the 60% mah sibeh huat oh, 4D also (not supposed to target the 60% mah), GAB, Cowsborg also not target the 60% mah, business good or not ? Property target the rich one lah, doesn't matter rich Malai, Rich Indian or Rich Cina, like that you don't understand ah. doh.gif

Why you keep on wanna mentioned race, you sibeh racist fellow lah !

I lived in malai cina indian mixed area, i bring you go see Big House belong to Malai & Indian, you straight kecut & run back to your Miharja Flat.. laugh.gif
zuiko407
post Nov 10 2014, 06:55 PM

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QUOTE(bearbearwong @ Nov 10 2014, 06:26 PM)
come and offer sepang 200 acres full take over... can curi GST reality que..
*
20+ opinion and 20+ idea price tag from 20+ owners, too complicated. It will never deal
ManutdGiggs
post Nov 10 2014, 07:17 PM

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QUOTE(bearbearwong @ Nov 10 2014, 06:49 PM)
U also share with us sekinchan  or setia alam since youbeen going there every weekend
*
Will u listen to facts instead of econ???
kradun
post Nov 10 2014, 07:24 PM

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QUOTE(bearbearwong @ Nov 10 2014, 06:25 PM)
oh like this, when we should see sub sales market rolling back or half effective as new launch? problem is due to excessive speculation, property price are the same mana-mana in KV except Malai areas.. still not limited? Malai population 60%, rest is Cina, India and sabah & sarawak ppl..
*
Ur sight only can see those selective properties of course their price is same la, all fall under same category, share the same traits.. Ur saving enough for downpayment but u wan to hantam all into the 10% then no need spare cash for renovation and other purpose ar? Later u might realize not only property expansive but labour cost for indon worker also cost u a bomb wor.. 50k might just enough to build ur wife dream kitchen..
Jliew168
post Nov 10 2014, 07:44 PM

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QUOTE(kradun @ Nov 10 2014, 07:24 PM)
Ur sight only can see those selective properties of course their price is same la, all fall under same category, share the same traits.. Ur saving enough for downpayment but u wan to hantam all into the 10% then no need spare cash for renovation and other purpose ar? Later u might realize not only property expansive but labour cost for indon worker also cost u a bomb wor.. 50k might just enough to build ur wife dream kitchen..
*
Wow truth is hurt

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