Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

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

views
     
Jen1
post Nov 25 2014, 10:15 AM

Getting Started
**
Junior Member
127 posts

Joined: Jul 2014
Can't resist dropping a few words here, hope you guys won't mind.

Just saw bbw's CCRIS, looks good!

After reading all the advices here, then only I realised I am at high risk, having committed all the following crimes:

1. High DSR 70%
2. 4k income buying 600+k property
3. No extra money or savings left every month

Too late for me to get off the boat. If sink gotta swim or get repo by bbw.

So bbw you are in much better shape than me, with your income double of mine, why are you still waiting?



Jen1
post Nov 25 2014, 11:45 AM

Getting Started
**
Junior Member
127 posts

Joined: Jul 2014
QUOTE(Showtime747 @ Nov 25 2014, 11:28 AM)
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.
*
Really like your sharing, showtime747.
Yes, can service as long as my job is intact.
If job is gone, I think my reserves will last me another 1-2 years to buy time to sell the property.
High risk of ending up selling cheap2 to bbw? Hehehe...

Jen1
post Nov 25 2014, 12:54 PM

Getting Started
**
Junior Member
127 posts

Joined: Jul 2014
QUOTE(bearbearwong @ Nov 25 2014, 12:26 PM)
you 600k bought what? project? sounds to me overprice... PV?

die di lar you, Jolokia coming with his troll series and of course 1/3 theory/tumb.. he say cant survive one wor and if 4k sure gone wor...

later there vulgar nick C*nt boy come say you eat selipar rice... coz 500k loan, 35 years, 3.9k monthly, your 600k definitely 5k repayment

there could be possibility crash next year... BLR increase in Jan 2015.. u need to top up di.. perfect storm is around the corner

how come can get 600k loan? or prop is 600k, loan is lower?
*
Hi hi bbw, nice to talk to you here.
Yes, you guessed correctly, I bought into new project.

Jolokia is right, 4k really not enough, will need rental income to help me service the loan upon VP.

I am a lady and I absolutely don't mind eating slipper rice, any sugar daddy here? Hehehe...

You are right again, how come I can get loan.
Borrow lower margin lor, who asks me to wait forever until so old now, have to settle for low margin and short tenure. Very suffering one you know, so learn from me, don't wait too long.




Jen1
post Nov 25 2014, 03:52 PM

Getting Started
**
Junior Member
127 posts

Joined: Jul 2014
QUOTE(leonhart88 @ Nov 25 2014, 02:52 PM)
cannot see the logic of you. why don't you marry rich man rather than find sugar daddy. and you are a lady, why should you buy a property? just marry and live in your spouse's house. Better enjoy yourself while you can because after die also any properties cannot be brought right? If I am a lady just rent and go travelling lots around the world. Life is too short to be used to buy overpriced property.
*
Hi hi leonhart88, sugar daddy is a jest.
I am "taken" already and the property is meant for kids. Samkps knows. Indeed life is too short to suffer, I am always having a great life.
Jen1
post Nov 25 2014, 04:02 PM

Getting Started
**
Junior Member
127 posts

Joined: Jul 2014
QUOTE(bearbearwong @ Nov 25 2014, 03:53 PM)
lol sam is the man? he had a lot of problem with distance and minutes, everywhere from Semenyih is a matter of minutes to him... doh.gif  doh.gif  doh.gif
*
Hehe, better don't simply assume, he "knows" and he "is" is not the same ya.

So share with us, where are you looking to buy at -10-20% discount? Do you set a timeframe or you plan to wait until it happens no matter how long?
Jen1
post Nov 26 2014, 08:29 AM

Getting Started
**
Junior Member
127 posts

Joined: Jul 2014
QUOTE(leonhart88 @ Nov 25 2014, 09:25 PM)
if the property is meant for the kids so I assume your prop is freehold? why don't you ask your bf to help your installment?  Lucky your bf has a gf like you. I have to buy a house, a car and wedding reception cash because my prospective MIL does not like debts. now only house I can afford.
*
Wah, leonhart88, your future MIL expects all that from your cash? Luckily you are cash rich.

My darling already loan up to his neck (family loan etc).
I have been waiting for years for him to get out but he is not able to. So I take the plunge myself.


Jen1
post Nov 26 2014, 08:33 AM

Getting Started
**
Junior Member
127 posts

Joined: Jul 2014
QUOTE(leonhart88 @ Nov 25 2014, 09:25 PM)
if the property is meant for the kids so I assume your prop is freehold? why don't you ask your bf to help your installment?  Lucky your bf has a gf like you. I have to buy a house, a car and wedding reception cash because my prospective MIL does not like debts. now only house I can afford.
*
Wah, leonhart88, your future MIL expects all that from your cash? Luckily you are cash rich.

My darling already loan up to his neck (family loan etc).
I have been waiting for years for him to get out but he is not able to. So I take the plunge myself.

For bbw to read. Extracted from EW EGM circular dated 20/11/14.



Attached thumbnail(s)
Attached Image Attached Image
Jen1
post Nov 26 2014, 10:23 AM

Getting Started
**
Junior Member
127 posts

Joined: Jul 2014
QUOTE(bearbearwong @ Nov 26 2014, 08:55 AM)
Explain.. EM wounding up?
*
Choi! The circular is about buying land in Semenyih.
The property outlook and write up is to indicate to you, in short, price still uptrend.

Your question is shocking, totally unexpected to come from your profession.
Jen1
post Nov 28 2014, 04:18 PM

Getting Started
**
Junior Member
127 posts

Joined: Jul 2014
People queuing since this morning for tomorrow morning's launching in bbw's so-called "rubbish" area.
Who says no demand...
Jen1
post Dec 1 2014, 04:01 PM

Getting Started
**
Junior Member
127 posts

Joined: Jul 2014
QUOTE(Jliew168 @ Dec 1 2014, 03:58 PM)
If price can come down then is time to buy more but unfortunately your dream won't come true..super inflation money become smaller hence keep in asset form is the best.. tongue.gif
*
Agree!
Diversify into real assets to spread the risk of only holding cash. Pei Fu! 佩服！
« Next Oldest · Serious Kopitiam · Next Newest »
 

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
 0.0557sec    0.29    7 queries    GZIP Disabled
Time is now: 8th December 2025 - 07:17 PM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.