People who board the boat 4-5 year ago already high and dry

They bought RM200k apartment now RM500k. It takes a 60% discount to reach back to just break even, not even loss.

60% crash in malaysia with this current economy ? In your dream....

Bro, you have missed the boat. Admit it

Can you still service the loan as long as you have a job ?

bearbear claim this and that. But from what he showed us,

1. he has no money to pay the deposits. He has only RM40k now.
2. His salary is only RM4k+ (he include millage claims which the bank don't consider). Not double of yours
3. He wants RM700k goodwill heights while the bank only approve loan for him to buy max RM400k property. So, he hope goodwill heights will drop price to RM400k when the market crash.

That is the reason why he is still waiting.

Ya rental income also increase for the past 4-5 years. More than enough to cover a <RM200k loan already.

Iceman and bearbear are very pessimistic guys. They only think of the negative side. They think too much. Like the chinese old saying "before go to war, they think of what to do if they lose". How to win like that ?

Unless char kuey teow can defy gravity and economic theory, the price will drop back to long term equilibrium level. The hawker's cost is only RM1.00 per plate and they earn excessive profit of 400%-500%. The government will bulldoze the price for the sake of 70% of the rakyat who earn average RM3k pm

Unemployment in malaysia is not a problem with our current economy. And you have 1-2 years of reserves ! Impressive ! Even if the property crash, it will recover. In long term, property price in malaysia is a linear upward trend.

Moreover, your salary will increase over the years, so your DSR will improve by the year. In another 1-2 years, I am sure you will consider buying another property

Of course, investment always is risky. Take some risk, you have good return. Take no risk ? Don't expect any good return <-- this one for bearbear and iceman

Property investment is a long term game. I am not speaking on behalf on those flippers who borrow 110%. They are high risk group, but they are the minority.

I have been in property investment for >20 years. The time when a DSL in KL area is <RM200k. Apartment & Condo only RM150k. Now it has appreciated to at least RM1m and RM600k respectively

My point is in property investment strategy, nobody can buy at the lowest point and exit at the highest point. It is actually a long term game. Buy when you are financially capable. Don't time the market. Yes, property price may drop, but if you have holding power, at the end, it is still profitable.

Eg. the DSL I bought for RM200k. It appreciated to RM500k at 1 point, then stagnant and drop back to RM400k+. Then for the past few years, it shoot up to RM1m. Property has its ups and downs. But eventually, the value will shoot up. It will not drop back to RM200k unless there is Nuclear World War 3.

Whereas you gambled a wrong strategy. You are too short term. You treated property investment as stock market. When you exited too early and took your RM200k and then wait for the crash. Crash didn't happen, and your property have appreciated to RM400k-RM500k. Too bad you missed the boat. You may interpret your case as getting off sinking ship. But from outsider point of view, you missed out RM200k-RM300k profit.

Bro, for all it is worth, take it as a lesson. Review your strategy in property investment. If you still have short term view in property market, you will be better off heading to the stock market. Property investment is not for you

As expected, you can't refute my points because they are facts and with substance

So bearbear, initially you said you are buying in 2015. Then you say you want to delay to 2017. Then last few pages, you say you cannot wait ?

When are you buying actually ?

bearbear you are too pre-occupied with market crash. There are no major crash you wish to see before. Those commercial property suffer some price adjustment during 1997/98 currency crisis. But eventually was bailed out by Danaharta. Residential properties weren't affected much. Other than that period, there is no "property crash" happened before in malaysia. Google if you don't believe. You can't find much about it

You are still in school in 1990s ? So you are not aware of it. Don't get emotional.

Like I said so many times, identify what is your purpose of buying a property. You are buying your house for your family. Not for investment. Don't gamble on the timing. You and your family's future is at stake

bearbear, if you hold so strongly the market will start drop price in 2015, then you shouldn't buy in 2015. It will drop further because it takes crash to reach bottom in years. 2017 is a better year to buy for you

But that is just if your gamble is correct. If you bet wrongly, you will face more difficulty to buy in 2017. Price will be more expensive by 15%-30% (3 years). And most importantly your face got no where to hide. People will laugh at you.

Again, it is very important for you to know to buy your 1st house, don't time the market. You will be at the losing end no matter what...

I can see a lot of anger. Nowadays even weekdays bearbear is restless. Take care brother....we are here to have fun only....

I notice the more I mention my property, they more angry you are. Just like last time I showed my bank statement to you...

bearbear, at this point in time, you may find our comments sound very offensive to you. That is because our comments go against your wishes. Nobody seems to be on your side.

But in 10 years time, you will realise our comments are after all, not wrong. You will regret for not listening to our comments

I understand it is very difficult to listen to us now. Because you are in a spiralling vortex which is very hard to crawl out from. Only time can save you and make you understand property market. Good luck, bro !

bearbear, she bought already....people already go to another level. You are still running on the same spot...

I think I was replying to the student.

But bearbearwong replied

I showed bearbear 1 of my bank accounts. But he still don't believe me. What good if I show you my portfolio ? You won't believe anyway....



If you don't intend to buy property, you won't be here. The fact that you are here, you are hoping for some assurance the price will crash

Just like if you don't intend to buy a ferrari, you won't go to their forum and talk about price drop

The sooner you admit you miss the boat, the better chance you can buy a property. The 5 stages of grief - acceptance of mistake is your solution, bro

How come you study herb behaviour for so long one ? Your must have failed your exam repeatedly

Can lah bearbear....wait for the price to crash to RM400k then you can afford...

bearbear, never never never swipe credit card to buy house....You die very fast like that. The interest is 18% vs 4%+ for house loan.

If you have to swipe credit card to get the 10%, then you should not buy. You are not financially ready yet.

Buy something you can afford without credit card. I start to worry about your way to buy property. A bad example

bearbear, even if price crash, if you have to use credit card for the down payment, you are not advisable to buy.

Your head too small. Don't wear big hat

Ya, if swipe for points, by all means. But bearbear is using credit card as deposit. That's how he come up with the RM200k. FD RM40k + CC RM50k + gf RM100k

He is stretching his financial. Formula for bankruptcy