"“There is a mismatch between house prices and what people can afford,” "
Nobel Prize winner right here. We have a genius, what brain drain?
How about lowering property prices?, Flipper to perish
How about lowering property prices?, Flipper to perish
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Sep 20 2016, 09:15 AM
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Senior Member
962 posts Joined: Oct 2006 From: KL |
"“There is a mismatch between house prices and what people can afford,” "
Nobel Prize winner right here. We have a genius, what brain drain? |
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Sep 20 2016, 09:15 AM
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Senior Member
4,258 posts Joined: Nov 2012 |
QUOTE(AllnGap @ Sep 20 2016, 09:00 AM) I am a investor. I will invest when there is money to be made. I will not invest when there is no money for meFrom what I can see, most DDD are too emotional. Whereas most UUU are rational. Jolokia and me agree to disagree. Why must be butthurt if our opinion is different ? The only reason I can think of why many DDD butthurt is because they are pressured by the people around them to buy house (parents, gf, peers, school mates etc). And when they cannot afford it while realising people around them are buying houses, they rage and blame everybody. Except themselves |
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Sep 20 2016, 09:17 AM
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Senior Member
4,258 posts Joined: Nov 2012 |
QUOTE(AllnGap @ Sep 20 2016, 09:04 AM) it's not only flippers, it's also government will get hit. Construction account for only ~10% of GDP onlygovernment must tahan the price to make GDP look great, growth number look great. dont forget that EPF have land banks, EPF owns SP Setia, Sime Darby and others. government are also in the same gang |
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Sep 20 2016, 09:20 AM
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Junior Member
332 posts Joined: Jun 2009 |
QUOTE(notoriousfiq @ Sep 20 2016, 08:39 AM) It's never asked, because such a question will only be met with laughter by developers. Developers have the backings of government and the many property investors. Like hell this is even a question. this!!They give you the image like they ahve a "tight margin". Riiiiiiiight. And they still stand on their statement that RM500k is "affordable". Okaaaaay. You know what, maybe developers should be allowed to give loans. Give give give. Let's crash and burn together. no matter how hard we try to make this an issue, gov always back up them. unless it is in deep shit. that is why i always question, is the rakyat always "diutamakan"? |
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Sep 20 2016, 09:23 AM
Show posts by this member only | IPv6 | Post
#25
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites |
QUOTE(Showtime747 @ Sep 20 2016, 09:17 AM) nope.construction is construction. Services sector Education and training services Healthcare travel (health tourism) High value tourism activities such as eco-tourism Green Technology including renewable energy and energy conservation/efficiency Financial services (integrated Islamic finance) Creative industries ICT such as telecommunication and mobile services Waste management (e.g. recycling) R&D and design activities Regional operations such as Principal Hub (PH), Representative Office (RE), Regional Office (RO) and Treasury Management Centre (TMC). whatever property transaction goes into Financial services (loan). so 10% is not accurate |
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Sep 20 2016, 09:25 AM
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Senior Member
4,319 posts Joined: Jan 2007 From: Johor Bahru |
Next year come down...and the following years...no need to buy yet
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Sep 20 2016, 09:26 AM
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Senior Member
4,258 posts Joined: Nov 2012 |
QUOTE(lol~ @ Sep 20 2016, 09:20 AM) this!! There are supercar (properties >RM1m)no matter how hard we try to make this an issue, gov always back up them. unless it is in deep shit. that is why i always question, is the rakyat always "diutamakan"? There are luxury car (properties 500k-1m) There are also japanese car (properties 300k-500k + government scheme) And there are protons (properties 100k-300k + government scheme) Why people never complain they cannot afford cars, but always complain they cannot afford house ? Because they never realise they actually want a BMW to sell at proton price... |
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Sep 20 2016, 09:26 AM
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Senior Member
3,956 posts Joined: Jan 2003 From: Selangor |
1) developer give loans
2) lower house price how about if cannot afford to buy, rent la, why must buy plenty coming up for rental soon |
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Sep 20 2016, 09:27 AM
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Senior Member
4,258 posts Joined: Nov 2012 |
QUOTE(AllnGap @ Sep 20 2016, 09:23 AM) nope. icemanfx, somebody say your number is wrong...construction is construction. Services sector Education and training services Healthcare travel (health tourism) High value tourism activities such as eco-tourism Green Technology including renewable energy and energy conservation/efficiency Financial services (integrated Islamic finance) Creative industries ICT such as telecommunication and mobile services Waste management (e.g. recycling) R&D and design activities Regional operations such as Principal Hub (PH), Representative Office (RE), Regional Office (RO) and Treasury Management Centre (TMC). whatever property transaction goes into Financial services (loan). so 10% is not accurate |
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Sep 20 2016, 09:28 AM
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Senior Member
4,258 posts Joined: Nov 2012 |
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Sep 20 2016, 09:34 AM
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Junior Member
332 posts Joined: Jun 2009 |
QUOTE(Showtime747 @ Sep 20 2016, 09:26 AM) There are supercar (properties >RM1m) the thing is, so called the bold part demand>supply. and developer keep on launching japanese and above. and car is not the same with properties where this asshole keep on flipping the price (i not saying to one with gov scheme). and gov scheme keep on delaying for example Pr1ma. they got their own agenda. so it is still not rakyat "diutamakan".There are luxury car (properties 500k-1m) There are also japanese car (properties 300k-500k + government scheme) And there are protons (properties 100k-300k + government scheme) Why people never complain they cannot afford cars, but always complain they cannot afford house ? Because they never realise they actually want a BMW to sell at proton price... oh and one more thing, car in each segment have their minimum price and maximum price for the spec while house with shit spec can go up to 300k. im talking about the one near KV. and outskirt of KL also follow those price tag (or near the same price) with the reason which didnt even exist yet This post has been edited by lol~: Sep 20 2016, 09:37 AM |
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Sep 20 2016, 09:34 AM
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Senior Member
982 posts Joined: Jul 2008 |
price come down confirm won't buy also, talk cock only
shouting DDD forever then reach the target price, I should aim for better property want to buy semi-d for 500k in KL ah. wait la, 500k ppl queuing up to buy if got 500k semi-d in kl |
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Sep 20 2016, 09:38 AM
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Senior Member
3,830 posts Joined: Oct 2006 From: Shah Alam |
QUOTE(Showtime747 @ Sep 20 2016, 09:10 AM) Nobody knows what is going to happen. Many people has been expecting bubble burst since 2011. Still nothing happens ferrari, bmw, merc is not a necessity. u started to lose your logic. keep cool manMost people cannot afford ferrari, bmw, merc also. Why must make it worst to give support to those car company ? The answer is simple. If the car company still making profit, they don't need to reduce price. When they are dying, of course they will reduce price Simple economics... |
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Sep 20 2016, 09:40 AM
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Senior Member
513 posts Joined: May 2008 From: Today, 08:30 AM |
But how good is this current "slowing" market now?
They have done fuck up the market, it irreversible. It continue to be worse, it's just being worse slower. I dont know why some of you are happy saying "padan muka flippers". Like, are you gaining anything? No. You're still losing, but just slower. |
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Sep 20 2016, 09:40 AM
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Junior Member
332 posts Joined: Jun 2009 |
QUOTE(kurtkob78 @ Sep 20 2016, 09:38 AM) they said we lose our logic. they dont even realize they lose theirs too. but they will never ever admit it. they just wanna believe what they believe. seen too many of them already. i dont blame them, who wanna feel insecure when things go sideways for them. even i dontQUOTE(notoriousfiq @ Sep 20 2016, 09:40 AM) But how good is this current "slowing" market now? this is true. almost all parties will lose. it will gonna be bad for most ppl. but that just what happen when some ppl are greedy. in the end, the rakyat have to pay for it. gov can easily fuk us up side down with up gst to 15%, increase oil price even tho the global price is cheap, increase the interest rate and the list go on and onThey have done fuck up the market, it irreversible. It continue to be worse, it's just being worse slower. I dont know why some of you are happy saying "padan muka flippers". Like, are you gaining anything? No. You're still losing, but just slower. This post has been edited by lol~: Sep 20 2016, 09:42 AM |
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Sep 20 2016, 09:48 AM
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All Stars
20,792 posts Joined: Jul 2012 |
Long-term economic equilibrium always prevail. Kv property price rise between 2011 and 2014 was a fallout of u.s qe. As income didn't increase inline or exceed house price, current house price is unsustainable. Property is illiquid, price will takes years to bottom. Those who bought during the bullrun likely to be underwater. Housing loan constituted about 30% bank loan portfolio. A slow down of loan growth in housing loan sector is beneficial to sme, corporate, consumers, etc sector. showtome747 is a kiasu double head snake, change colour faster than a chameleon. |
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Sep 20 2016, 09:49 AM
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Junior Member
537 posts Joined: Mar 2012 |
increase income better than reduce price la.
eg, i rather earn 10k, buy 500k house, than to earn 5k buy 200k house. |
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Sep 20 2016, 09:54 AM
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Senior Member
4,258 posts Joined: Nov 2012 |
QUOTE(lol~ @ Sep 20 2016, 09:34 AM) the thing is, so called the bold part demand>supply. and developer keep on launching japanese and above. and car is not the same with properties where this asshole keep on flipping the price (i not saying to one with gov scheme). and gov scheme keep on delaying for example Pr1ma. they got their own agenda. so it is still not rakyat "diutamakan". But many people don't mind driving "shit spec" Proton.oh and one more thing, car in each segment have their minimum price and maximum price for the spec while house with shit spec can go up to 300k. im talking about the one near KV. and outskirt of KL also follow those price tag (or near the same price) with the reason which didnt even exist yet If you go and search for property RM100k-RM300k properties in Iproperty, propertyguru etc, there are heaps of supply in that price range Be truthful to yourself. You want a BMW. Proton is just too shitty and no facey... |
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Sep 20 2016, 09:54 AM
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Junior Member
647 posts Joined: Jun 2016 |
Nobody cares if you are poor and living in a sandbox, so they can only build a sandcastle out of it while watching the riches weigh their golds
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Sep 20 2016, 09:55 AM
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Senior Member
513 posts Joined: May 2008 From: Today, 08:30 AM |
QUOTE(unknown_2 @ Sep 20 2016, 09:49 AM) increase income better than reduce price la. They're bringing tens of thousands of immigrants now.. who are willing to work for RM500 salary. How can salary increase? "Free market" lah katakan..eg, i rather earn 10k, buy 500k house, than to earn 5k buy 200k house. |
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