I told you at any point in time, there are bad news which lead DDD to think the market is going to crash. Subprime, Euro crisis, malaysia MNC closed factories and move out of malaysia, malaysia oil price up to RM2.70 etc etc. All these happened for the past 5-6 years. But property price still high up there

If you really want to see property crash, you have to expect economic crisis like Asian Currency Crisis in 1997/98.

Even crisis happen, only bad property will drop price. Good ones will not be affected much. In 97/98, the effect on price drop is not like 50%. So, your dream house may not be within your reach.

If you really have those amount in hand, you got to be realistic

1. Buy something within reach first for your wedding. You can always upgrade later. Buying house is not a 1 time affair. Pr1ma is not a bad choice
2. Work harder. Instead of spending so much time here (Read the story below)
3. Find ways to improve your income. Work part time while you are still young
4. Make something happen that is within your control. Don't expect something happen that is not within your control (like property crash)

Same advice as I always say to you - don't time the market on your first house. You are gambling you and your family's future. Buy something which is financially comfortable to you. Don't ever stretch your financial because people tend to think they can afford something they don't. That's why you still have a job because it is these people who keep your busy





Story :

God gives everyone 3 x 8 hours per day. 1st 8 hours everbody needs to sleep. 2nd 8 hours everybody needs to work. It is how a person spend on the 3rd 8 hours that determine the success and failure of a person

What is SD ?

Don't get me wrong. I also think the price is high now

I also "wish" price could come down.

As you said, "For some reason..", we got to be realistic. What would cause the price to come down ? I can think of 1 possible scenario - economic crisis, which will cause property crash.

Other than that ? Can you name it ?

Oh....that is long term like 5 years locked with auto call right ?

Yes. That is how a person spend their 3rd 8 hours that determines their success

bearbear,

People will change their lifestyle to adapt to new interest environment. I have seen interest in >10% and low 3%.

But most countries are having low interest rates. How you expect malaysia to raise ? Somemore next year GST coming already add inflation to all goods. If government increase interest some more, the inflation will be sky high. Interest rate hike next year is not likely lah.

Remember the UXXO people ? How likely they raise RPGT ?

Different product. Each has its supporter

I also don't like something that put a clump on my funds for years

I think we all keep cash as emergency or while waiting for right investment

I don't like to lock in my cash for years. I don't even have FD for >3 months. Just my preference lah. Different products have difference pros and cons. All about risk and return.

I think we are off topic

Very good point

But for bearbear, he has to get his first house. I can sense his anger towards the high property price and his imaginative enemies - the flippers, the UUU and everyone and everything that gets in his way from his dream house.

So, we are here to help him a little. But so far, our effort is futile

bearbear,

I also wish goodview is RM400k. Green Terrain RM300k. But that is just dream. Reality is always cruel. We got to accept it.

Work towards something you want is more practical. Instead of hoping something you want comes to you

Don't blame other people. No use one....

REITS is good mah. Don't need to monitor. 4%-10% dividend. Capital appreciation is bonus. Just notice PAVREIT appreciate 10% for the past year So, I suspect PAVREIT perform very well for the past 1 year. Like 15% maybe

If you like SGD, then get SREIT. Many choices too

Ya Singtel is good. Also Starhub, SPH etc. You go for dividend also ?

bearbear this thread only a few hundred people read. No effect on the market one lah. Don't talk about awareness. Everybody knew property price is high. But few people believe it will come down

If your salary 4k, you should only budget RM1.2k for bank instalment. Then buy the property based on that instalment amount

We tried to give him advice in the beginning. But later, I started to get less serious with him

We all have fun is most important

Last time I said he wants BMW at Camry price.

I think now should be BMW at Proton price

This post has been edited by Showtime747: Nov 19 2014, 11:58 PM

If you have to ask, then you are not having fun

Join here as a UUU or DDD everyday and you will know

But here no post count....

zuiko is giving good advice, but you say people dog eye you

you join 4 months, already 3000+ post. You no need to work ?