Item no 5 fail in buy property

Unknown to them those who claim property crash coming, price will sure drop soon, this theory that theory, this prediction that prediction, specialist, guru, expert, property author, tell me which of them didn't own a few property them self ? you actually think the entire property market can crashed down based on a few bullshit expert ? Oh come on !

This post has been edited by tnang: Jan 4 2015, 06:39 PM

I wanted landed initially as well. New launch cannot afford. Subsale don't have enough cash for reno. Ended up no choice buy new launch condo. Wait to flip when I have more income for landed.

I am buying for marriage purpose in 2-3 years time from now. Likely I will tear down and rebuild 2 storey hence I still prefer landed.

Current cost of tearing down and build 2 storey is around RM 200K-250K. Let's say 3 years later the renovation cost went up to RM 350K. My initial purchase price of the house was RM 500K (for example), 500K + 350k = 850K but 350K is a variable expense and subject to condition after 3 years. Perhaps I decided not to tear down after few years then no lost for me also.

I don't think that flipping will still doing well in 2-3 years time from now unless you are an investor who holds in long run but not flipper.
Now the peak time for flipping has gone. Entering optimum zone now because the price is getting higher n higher which is beyond the mean of majority of the genuine buyers be it upgraders or first time home buyer. Some areas are just a total BS for that kind of pricing.

This post has been edited by JasonW13: Jan 4 2015, 07:26 PM

Just curious, what landed area are u targetting?

BBW, FYI.

https://forum.lowyat.net/topic/3424122

This post has been edited by JasonW13: Jan 4 2015, 07:31 PM

Mangkalai oso eligibled to contribute Epf. Nothin great if BS has it. Too bad I dun hav Epf. I'm mangkalai 都不如

He forgotten there r ppl who dun hav to entertain but b entertained. He us not tat level yet. Dun blame him for being naive. Eat ice cream first.

Stay cool icy. I likey ur shows.

Don't waste your time, SifuahBear says this is Malay & Indian area he don't like, no potential, he want Chinese majority area (though he can't understand Chinese & doesn't have Chinese characteristic).

Yesterday I go to his kampung at Sg Chua Kajang KNN whole street full of Middle East & Foreign worker, SifuahBear tries to con me says is Chinese majority area.

BTW SifuahBear also don't like UTAR students that's why my proposer for SkyArena also kena reject.

Don't recommended this to him anymore.

OUG Parklane - Too high density, not enough lift, low class.

PARC One South - Middle Eastern tenants, near highway, got construction nearby.

Suria Residence & Mahkota Residence - Low quality, got UTAR students

Pearl Avenue - Middle Eastern tenants, cannot flip X+200K after he buy.

C180 - Too many vacant units.

Selayang Batu Caves - Malay area, a lot of thief.

Rumah WIP & PR1MA - Malay majority, no potential, low class neighbour.

Remembered yah don't recommend this anymore.

Let him know if Green Terrain Green Residence, CloudTree sell for 400K & fully renovated & furnished with high class material & branded furniture + 5K downpayment & instant VP.

i wish i got time to read all of you guys posted

like it or not. He can only afford walk up flat now. But he cant accept tye fact.

All he cant afford one la...so mah find for reason not to buy lo.

Bear2 can find 1000 excuses just to prevent himself from buying inflated property..

Previuosly he no money to buy so find excuse to delay gf. Now gf lari liao....so buy also no use. He just need to rent a small room to stay. Can watch porn every night ok liao. Can sub let some more.

+ 100 first class comment

I am more optimistic on his confidence. I believe he can buy 600k if join loan.

This is +100 first class comment?!! Hahahaha..

What is true affordability?

OVER the past decade, lenders andsome news reports had many of us believe that affordability simply means qualifying to make a purchase in cash or through a loan.

Of course, this ended up with some pretty dire consequences, most saliently being the alarming number of Malaysian households that are now in the red.

Statistics from Bank Negara Malaysia (BNM) showed the ratio of household debt to gross domestic product (GDP) in Malaysia has reached 83% in 2014, compared to 70% in 2009. The figure puts us at the highest GDP level for developing countries in Asia compared with Thailand (30%), Indonesia (15.8%), Hong Kong (58%), Taiwan (82%), Japan (75%) and Singapore (67%).

......

The acceptable level of debt-service-ratio is about 30%, meaning that a household should not be spending more than one third of their income on debt repayment. However, 2012 statistics revealed that the debt-service-ratio of households in Malaysia stood at 43.5%, which means that Malaysian households use more than two-fifth of their monthly disposable income on average to service their loans, The Star reported.

More alarmingly, the estimated debt-service-ratio of civil servants in the country at around 60%.

With some 60 Malaysians declaring bankruptcy every day, there is a growing concern locally about household debt. According to statistics from the Malaysian Department of Insolvency, some 19,575 cases were categorised bankrupt in 2012 alone.

Effective money management is imperative to ensure one does not fall into the lethal debt trap.

http://www.thestar.com.my/Business/Investi...lity/?style=biz

Flipper mentality teach people time the market. At the expense of buyer bear the full cost when it is fail..

Bearbear finally find excuse not to buy in 2-3 years time, congrate bearbear, is a good decision. I support you