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 Property Bubble Burst or Deflate ? V14 (发), Cherroy Most Forwarded Thread

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kradun
post Nov 22 2014, 11:02 AM

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QUOTE(bearbearwong @ Nov 22 2014, 08:59 AM)
rental yields for new generation properties are lower than older properties... really  doh.gif  doh.gif
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bro, seldom got people buy new property then talk about rental yield how great 1 la.. buy new more likely to flip in whatever timeframe upon vp or keep for long period, buy old to collect rental to have positive cash flow but not likely to have big capital gain so almost no chance to flip..
kradun
post Nov 22 2014, 11:04 AM

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QUOTE(bearbearwong @ Nov 22 2014, 09:30 AM)
now we live under bridge meh? properties, I dun have, family have maa.. cannot be no place to stay, seri kembangan already 2 units.. rclxms.gif  many vacant waiting for buyers choice.. new launch , sub sales  rclxms.gif , dun alwayls at home, go out and spend some money..for country growth, if everyone like you bank in properties only and dun spend how?

young buy inflated prop, end month no cash, no spending, at the expense of economy too

check with Amaya, his unit maybe lelong, 1 year vp sudah lelong
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buy single house no people use ur dsr70% to borrow loan 1 la.. borrow like that how to have extra to spend? probably got to eat oat everyday..
kradun
post Nov 22 2014, 11:08 AM

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QUOTE(Showtime747 @ Nov 22 2014, 09:47 AM)
Now she ok only. When she go gathering with her old friends, her friends all live in bungalow, drive BMW got a few property to collect rental, while your wife has to stay with your parents, she will be different. Then you will be pressured

I have seen a lot of such cases liao....nowadays our society is very different. You are just consoling yourself. Got roof over head is like in the 1970s and 80s. Nowadays, time change
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every1 will think their woman is special, while in fact every woman is almost the same.. lol
kradun
post Nov 22 2014, 11:14 AM

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QUOTE(MeToo @ Nov 22 2014, 10:55 AM)
Wah... today see the Star... their property fair drew a BIG crowd... so many people RUSH there to BUY and INVEST and FLIP!!

Market must be UP UP UP

http://www.thestar.com.my/News/Nation/2014...top-developers/
if you lazy click... lemme help show you a pic of the CROWDS as shown by The Star
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u know what time this picture taken or not? tongue.gif
kradun
post Nov 22 2014, 12:17 PM

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QUOTE(bearbearwong @ Nov 22 2014, 12:14 PM)
new launch maa, 3 -4 years later salary increase di.. from 70% DSR dulited to less than 50% maybe 40% , sui bo?
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siao got la.. what sui.. salary increase mean u no need to pay down the mortgage by 35years if the interest rate remain at this low.. I rent out cheap also can settle my house in less than 15 years, even with negative cash flow..

This post has been edited by kradun: Nov 22 2014, 12:19 PM
kradun
post Nov 23 2014, 01:08 PM

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QUOTE(jolokia @ Nov 23 2014, 12:52 PM)
PR1MA house ceiling price currently stand at 400K, seem like can apply 110% loan to cover legal, SnP & other misc fees.

But knowing daily changes policy one can't confirm till it really materialised, just look at the fuel price policy. doh.gif

Don't says i dog eye him again, less than 150K saving even combined lah ! Buy house, furnishings, reno, wedding spending where got enough knowing he often like to "pretending successful" .. laugh.gif

In fact u doubt GF will pay majority share on wedding, if she is dumb enough, her sister will also discourage her, Ah Bear on his own liao.
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Paying 30% downpayment to buy a studio almost intsantly use all this saving.. Dono why bear2 got chance to out of debt faster (since he claim he is highly paid) but will choose to be like those paying mortage for 30-35years tenure.. One thing for sure is take single loan with 70% dsr is definitely expose to higher risk compare to those holding multiple loans exceeded dsr70%.. Single loan dont have chance to rent out cheap to cover interest as that mean need to go back stay with pama..
kradun
post Nov 23 2014, 05:01 PM

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QUOTE(bearbearwong @ Nov 23 2014, 03:12 PM)
show us your S&P that you have paid 30%..did you put 30% DP? good view priced 723k, got ppl put 30% DP in? try launch by asking 30% DP..

no need 30%, developers asking 10% DP no rebates also investors (whom are rich ) also dun buy, goodview heights @ sg long south, good view @ sg long, Didaman, even some asking 1k , 5k 10k DP, but price exceeds 700k , also investors no go buy like Clould tree, green residence, almerin mall, some even no need DP like Emerald also investor left unattended for 8 months from launching..

dun try to bull pll, 30% DP ... easily paid off, those paid off 30% got no choice cant get loans, investors got so dumb putting 30% in to invest meh? minimize exposure, maximum profit..
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Nah Bear2, this 2 docs should be sufficient la.. ask u yumcha no need so mafan to upload here but u don't want to response.. yumcha u can tally my ic some more..

This post has been edited by kradun: Nov 23 2014, 05:36 PM
kradun
post Nov 23 2014, 05:30 PM

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QUOTE(bearbearwong @ Nov 23 2014, 05:28 PM)
explain lor.. what is that?
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stamp duty for spa and loan agreement
kradun
post Nov 23 2014, 05:39 PM

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QUOTE(bearbearwong @ Nov 23 2014, 05:31 PM)
how much is the amount? like 1 zero, like 2 zero..this is studio? millions?
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u are too forgetful mention again won't make u remember.. u should come out yumcha so that u can sort out all those stuff that make u have doubt..
kradun
post Nov 23 2014, 08:48 PM

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QUOTE(bearbearwong @ Nov 23 2014, 07:10 PM)
Wow well verse.. used this before? Haizz.. half day talking already.. still dunno whether many couples out there are of 200k only can get married..

jolokia.. I really dun see reason pointing certain class when problem not on that.. neither mass supplies are...

I dunno what your intention are.. most rrasearch backed by datas legible one points a different ting..
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the mass won't consider the 700k goodview 1 la.. only certain class that willing to hantam 200k into reno will consider..
kradun
post Nov 23 2014, 11:50 PM

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QUOTE(bearbearwong @ Nov 23 2014, 11:38 PM)
showtime747, i totally out since me and you join this bubble, he tried to reason but finally cant justify and left all unrebutted, and go on and trolling mode, everyday sure got forumers mother in law, GF, honeymoon,  doh.gif , this is how they speech,

keep denying property never crash and cannot crash but crash 3 times, measures for properties are highest and meanest in all the history of property, and price also up to the history top, and also vacant units also up higest in history, debt also hit higest in history and asia 86.8% and counting..

yet , all still talking property price up? got wrong bo? then divert mother in law, GF? get a life... some of you are married man but prefer smaller size units but given low entry much encourage, some are father saddest part, these kind imige tell children dunno how many cents left in their eyes? some are late 20's kids trying to run the show, nickname itself suggest causing problem formers, some with many quotes god knows what he obsess with..

everything but property price and factors, bubble, recession, in bubble talk, you kidding me these guys
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bro property have plenty of type and price varieties, just urself die die must limit to certain type of prop that not targeting u and hoping for miracle price correction to happen..
kradun
post Nov 24 2014, 12:51 AM

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QUOTE(bearbearwong @ Nov 24 2014, 12:26 AM)
can we save this troll kid? he is now forbidding family buying, coz is seliper rice.. bro krandun gosh you in his menu list..

get your self a 3 year olds qualification, 7-eleven still got open one, grab few cans of beers drink, find some main belakang and settle for he night.. mr **** kor, disease alot.. k ful ok
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aiyo bear2, I where got join purchase with family wor.. I just look at those below 400k token just me and my wife already more than enough to cover lo..

QUOTE(Jliew168 @ Nov 24 2014, 12:32 AM)
Good night everyone

rclxub.gif
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bro, I can understand ur feeling.. sweat.gif
kradun
post Nov 24 2014, 07:17 PM

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China double cut interest rate to encourage another record high property price.. smile.gif http://www.thestar.com.my/Business/Busines...tion/?style=biz
kradun
post Nov 24 2014, 09:52 PM

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QUOTE(bearbearwong @ Nov 24 2014, 09:24 PM)
yet they had to suffer correction to have interest cut... let Malaysia suffer correction first then talk about interest cut...

krandun you are a married man... reasoning is very important.. got heard any good news about next year or not regarding economy?
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Other i dono la, but my wife recently just got 1k salary adjustment + confirmation of promotion to another position in next month.. While myself have record best appraiser last week, so should be quite fine also.. Of course in my company also got those annual increament rm10, but that is not my target so dint bother so much..
kradun
post Nov 24 2014, 10:47 PM

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QUOTE(Jliew168 @ Nov 24 2014, 10:13 PM)
U wait for storm because u aiming high..u hope for camry to go down altis or vios price..

But u can straight away buy second hand myvi without loan so why wait for storm to come..get a car at least no need to take bus...u understand what I trying to advise u ?

When your financial position is get better then u can upgrade anytime , or while u driving myvi ,camry price drop to vios u can straight away buy...why need to take bus while wait for camry price drop to vios..don't take bet on something is uncertain , always have plan B

U never know how much holding power investor have. As u say those low holding power always can rent to negro..
Midfield minimum can rent 1300, top up little bit can pay installment liao la..do u see how many fancy car In road anot...
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My guru give me similar advice, said if 1 day interest rate increase repayment double up do i still able to pay the installment, if not then i have to continue save for longer period (if my saving is fast enough) or look for something cheaper.. the main problem for home seeker is complaint everything like shit, keep magnifing the short and ignore the good.. Perfect home without flaw (if that really exist) is a luxury for rich or just a dream for average joe..
kradun
post Nov 25 2014, 02:02 PM

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QUOTE(jolokia @ Nov 25 2014, 01:58 PM)
Quite difficult since my property is fully paid.

How Ice Cream Business ? Good ?  thumbup.gif

Ice Cream price got drop or not ? I no money eat Magnum only  blush.gif
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Even magnum cafe also not cheap.. biggrin.gif
kradun
post Nov 25 2014, 02:15 PM

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QUOTE(bearbearwong @ Nov 25 2014, 01:37 PM)
damm this dude , very good in assuming..assume larr, one of my account
you wanan test also can one... which month you and how much , you want new CCRIS or not?
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This can prove anything? Btw, clean ccris got 1 thing no good is dont have good credit record for easy approval of loan.. I still remember 2 years back my friend with almost clean ccris apply loan for same project with me, then mine 2nd working day banker already ask me set a time to sign letter offer, while my fren apply few banks, 1-2 not willing to loan 90%, another bank loan 90% but not as low interest as mine.. Process was take around 2 weeks also.. But i use back my existing bank so that should give me another advantage as well..
kradun
post Nov 25 2014, 09:26 PM

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QUOTE(bearbearwong @ Nov 25 2014, 09:16 PM)
can you dun be a big kid... the whole Midfields 2 still got.. you tell me that you beratur song song long long buy for vacant? and keep?  notworthy.gif

550k bought, flip 750k (standard 200k)

550k loan, not taking ur example, you pay 30% other pay 10%.. that is around 2,350 per month, maintenance for Midfields around 27 cents?  maybe around RM300 per month

total damage = 2350 + 300 = 2650 per month ( not including other miscellaneous)

say upon vp you service loan around 2650 X 12 = 31.8k , from 750k , you need at least add up 781k..

if plus yearly increment, the bull run theory(aka known as yearly inflation) of 10% ( you are more daring you mention in the past), that would another 75k

the new price after 1 year vp = 75k + 781k= 856k

the new price after 2 year vp = 85.6k + (781k + 31.8k) = 973k..

the new price after 3 year vp = 97.3k + ( 973k + 38.1k) =1.108 million

that is assuming the OPR stagnant for the next 3 years.. if not the cost can easily hit 50k per year... plus the expected bull run/inflation..

now you say doable or not? I think the 1st year also got problem..
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Bro, ur money all put in fd growth at 3% for capital of less than rm200k.. The property price inflation at less than 3% increase already growth faster than ur saving.. Some more ur time is ur gold, ur repayment period is getting shorter and monthly repayment required is increasing.. Basically increase of 3% already make u a loser here, 10% just make ur financial affordability even lesser..
kradun
post Nov 25 2014, 10:30 PM

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QUOTE(bearbearwong @ Nov 25 2014, 09:51 PM)
dun so angry, not only you maa..

other owners like Link 2, Z residence, OUg exposure are more..

trying to determine the cut off period wherein cost vs price realisation vs time
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Bro, the cost will be recovered over the time, even u keep vacant for more than 1 year only rent it out, landlord will gradually benefit from it.. Invest in mutual fund initially already charged with 5-6% of investment cost, then got to wait wait wait it earn back the initially 5-6%, after that only start earning based on ur initially capital.. Even my studio is not thinking to sell when i move to bigger house.. Unless i have no intention to buy house anymore else actually everytime u buy and sell also incur cost, in long term it will eat up ur equity gained ( all this while i mainly focus on subsales)..

QUOTE(bearbearwong @ Nov 25 2014, 10:05 PM)
still have any stocks of the ppl you mention, got a bunch of new launched still unable to sell, mature, high end, low Dp

yup right no ask discount... o0o, every donkey, who goes to law firm asking discounts you say no..

you cash buy also ask law yer fee discount lor.. choose cheapest rate..

dun make up story.. this phenomena hits all property in klang valley the most..

the rich ppl never solicit the subsales product lor, many vacant till auction, till rent to negro...  notworthy.gif , one kind u also below 30
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Got 1 type of buyer u got be aware la.. This are mostly stay in family house then meanwhile buy new launch.. This type wont rush to stay in their new house.. My bro new house had take him more than 2years only stay inside.. And i have many this kind of purchaser around me.. At least 2 are buying ur favourite oug parkland..
kradun
post Nov 25 2014, 11:35 PM

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QUOTE(bearbearwong @ Nov 25 2014, 11:09 PM)
starting talking cock di, found few examples then all become the new investor... u never find any investors looking for flip meh?
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So far i did not meet any flipper around me.. I know got 1 holding most properties at 4 have 1 unit semi-d in semenyih rent out almost 3k, last time bought at less than 300k only..

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