u famously di midfields 2 vs SEH investors... you are their joke 

Hello take it or leave it is more than 10k joint.. 15 k is rare occasion.. mostly coming from side income.. like you settle one file and get money..

And we really has 200k joint.. we need to prove? Seen nth.. my side good di.. land titles.. fd... ability to loan clean ccris..

New DSR starts august 2013.. all loans prior are lockednow or under con with DIBS..o0o...

How much they want to sell not a confirmed sell dumb..   alwait til next cost fly di.. RPGT no need pay di?

Bearbear kantoi another time by government. Another blow to our Bearbear..cost increase again, super inflation coming soon

http://www.thestar.com.my/News/Nation/2014...ces-have-falle/

Bearbear kantoi another time by government. Another blow to our Bearbear..cost increase again, super inflation coming soon

http://www.thestar.com.my/News/Nation/2014...ces-have-falle/

Forum member post with sense :clap"

By Showtime747

@bearbearwong is a very interesting forum member in LYN. His behaviour brought us lots of fun and at the same time, he showed us many things which we should avoid. There are many mistakes he made, and below are 6 mistakes made by bearbear which I think home buyers and investors alike can "learn" from him and avoid them in their future purchases :

Mistake #1 Confused objective
bearbear's intention to buy a property is for own stay. For own stay, the objective is totally different from investment. For own stay, it is 1 of the 4 daily needs (clothing, food, dwelling and transport). Just like clothing, food and transport, we buy a house when we need it (like marriage). We should not delay because it is our need. We can always choose a budget that suits us. But bearbear wanted designer cloth and BMW instead of something more affordable. He wanted those mid-high end housing >RM600k instead of those RM300k+ which is his actual affordable budget.

Moreover, for own stay, the future rise and fall of market price does not affect him. He still have to own the house if the market price increase by 100%. He can't sell it for profit otherwise he has no roof over his head. Likewise, if the market falls by 50%, he will not sell either. A house for own stay is a need, not an investment which could turn into profit or loss due to price movement
Mistake #2 Buying a property is a 1 time decision
bearbear thought that buying a house is a 1 time decision (like marriage). But in fact, almost everyone have the opportunity to upgrade their house in the future. Therefore, we should buy a property based on our own financial ability at that time. We should not think that we will be stuck with a property for whole life. We can always sell it and upgrade to a better property in the future. Thinking buying a property and will stay in it for the rest of you life will make your purchase decision very difficult
Mistake #3 Timing the market
Nobody knows the timing of market ups and downs. It applies to any market including stock and property. So, it is foolish to time the market for best price. Instead, the best time to buy a property is when you are financially ready and comfortable. Timing the market is like gambling. If you time the market wrongly, the loss is substantial. Just like the DDDs for the last 5-6 years, they have missed the great opportunity of riding the super bull run which has never been seen in malaysia property market history

Over long term, in malaysia property market history, market price will increase between 5%-10% pa on long term average. So, in 20 years time and beyond, the property will appreciate at least 3 times. Of course, there are ups and downs during the 20 years period, but if a person holds a long term view, the price is on an upward linear trend as history has shown us
Mistake #4 want to wear too big a hat
bearbear's salary is only RM4k gross. His saving is only RM40k. But he aspire to buy property in the region of RM600k-RM700k. He has over-stretched his budget. The result would be catastrophic. A property buyer should not over-stretch their financial ability, unless he has backup from PAMA or spouse. With RM4k salary, bearbear should only be looking at property in the region of RM300k-RM400k. However, he even take into account his 3 credit card limit of RM50k in choosing his target property. Using credit card as part of the deposit is plainly a foolish decision

Be truthful to yourself. Weigh your financial ability objectively. Face and social status will be down the drain when repo man knocks on your door.
Mistake #5 getting influenced by his working life
bearbear has a "hazardous" job. His repomen job forces him to meet people who failed financially everyday. When he sees people bankrupt day in day out, he is influenced by them and giving him an impression that many people are facing financial trouble. This could have lead him to believe that most people are not prudent in their financial management and hence, most property buyers are vulnerable to fail. His mindset has become negative and pessimistic. Causing him to read any news and deduce his own findings negatively.

His world becomes doom and gloom and market will crash soon. He cannot see the market objectively anymore. As such, his market outlook causes him to think crash is coming and he should delay his purchase decision.

Property purchase is 1 of our biggest decision. We should be more objective when making such decision. Try to get advice from as many people as possible instead of being influenced by people around you.
Mistake #6 wish the environment to come down to meet his wants instead of working towards achieving his wish
He already has a job. He can work hard to improve his income. If he works towards improving his income by double to RM8k, buying the property of his choice is no more an issue. However, instead of working hard to achieve higher income, he blame the market instead. He whine about the UUU, the flippers, the government etc for causing the price to inflate exponentially until his current salary could not afford.

Instead of working hard, he spend a big proportion of his productive time from 7am - 12 midnight in the forum argue with the UUU and other property buyers. He did not realise he is spending his time unproductively and will not help in his career. He should have use his productive time to work towards how to achieve better career path instead.

We should always bear in mind in this cruel world, nothing will come to you unless you make an effort to achieve it. Ie. there is no free lunch and complaining wouldn't help you get what you wish
I am sure there are more bearbear's mistakes which we can learn. Feel free to add on

         

Jus happen to saw this write out...... Very well written.....

I got a point to add......

Lying to himself........ Real DDD vs an unhappy house seeker
Bbw was never a real DDD to start off with....... He was seeking for a house which he soon realize housing price keep going up, his budget got stuck and etc...... Got unhappy with the housing price up surge, missed the boat....... From that he swifted his thoughts into seeing prop price surge too fast, it has to come down and etc...... Lying to himself so as to able to convince his gf with all negative factors. Evidents hav shown and proven that his knowledge and logic are all nonsensical comments....... He do not hav any knowledge to start off as a Real DDD...... Thus he is jus a very very unhappy first time house seeker..... Resulting complaining complaining and complaining  of high housing price only......

 

Bro bear mentioned he has land titles. Too bad not his.

Jus happen to saw this write out...... Very well written.....

I got a point to add......

Lying to himself........ Real DDD vs an unhappy house seeker
Bbw was never a real DDD to start off with....... He was seeking for a house which he soon realize housing price keep going up, his budget got stuck and etc...... Got unhappy with the housing price up surge, missed the boat....... From that he swifted his thoughts into seeing prop price surge too fast, it has to come down and etc...... Lying to himself so as to able to convince his gf with all negative factors. Evidents hav shown and proven that his knowledge and logic are all nonsensical comments....... He do not hav any knowledge to start off as a Real DDD...... Thus he is jus a very very unhappy first time house seeker..... Resulting complaining complaining and complaining  of high housing price only......

 

What you have or made is none of my concern as you won't be sharing with me, likewise for what I have and made. Further, you don't have the facts either.

History has showed time and time again. All bull run will end in crisis, most if not all punters will end up worst off than the beginning, kV property is no exception. During the bull run, every punters think they are gold finger could turn stone into gold with a touch.

Believe oug parklane is a good indicator and benchmark on kV property. Asking price is basically a price seller wanted to sell mean nothing. What matter is transacted price.

Many took his 46k cash as strong holding power or back mountain.

If myr continued to slide against usd, bnm may increase bank interest rate earlier and higher than expected.

ya kid, you have?

that showtime really  , make up fact say I am expecting good view drop from 730k to 400k    , speculation now become yearly inflation   

today bursa very interesting.... drop 42 points, as such further prediction is needed... now below 1800, by Jan 2015 hopefully can make up to below 1700 points 

good economy coming very soon . Ah liew

To be honest,did bear bear graduate with a degree?he cannot even debate logically,let alone getting a law degree

See people like you view the market drop as crisis, but we view it as opportunities.

Opportunities come when there is a crisis, remember your dumb prediction merely 1 month ago when people made money by you scare until wetting your pants.. 

If next few days market up you missed the chance again.. thats why you forever waiting for property price to go down, by the time price rally go down, your boss would sack you to help him keep his house... 

Of coz I have. LOL. pity bear bear.

aiyo bursa drop 52 points on rampage mode... ah liew, faster let go, dun burn