Enroll statistics class.

This post has been edited by icemanfx: Sep 5 2018, 06:00 PM

I think and hope new Malaysia would be more strict, some flippers might not be able jaggle eventually...

Gg

Monitoring landed new launches in cyber. Landed is stagnant but not going down. If any landed in cyber going down can pm me, keen to have a look and maybe take a few units. If any klang valley landed good buy roger me, I need to buy

Anyway if house price keeps dropping bad for us as a whole as well. When will house prices start appreciating again

House price dropped mean become affordable, buyers will leave with more disposable income, which is beneficial to aggregate economy and quality lifestyle.

By right when economy recovers house prices will be uptrend right

From what I noticed flippers are already having a hard time. Due to government initiatives like PRIMA, RumaWIP, and SelangorKu, lower-middle end buyers are having an easier time to secure a roof on their head.

As it is, they may be contend with what they have (800 sq ft close to the city with good access), and may spend their money else where.

Not necessarily. Demand and supply plays a role. A house is a necessity, but in people's opinion, an 800sq ft. may be sufficient - and there are plenty of supplies for these types of houses now. Despite economic recoveries, people may turn to other things to spend their money on, like children's education, retirement, insurances; and other lifestyle choices like travelling, food/dining. Those with excess cash may invest in properties but it has such a high entry-cost (10% deposit, legal fees) as well as hidden-costs (agent fees, insurances, maintenance, bad tenant) that they may turn many away

Can you believe it? I myself prefer to put my money into more liquid funds like UT and stocks.

I am sure there are gems out there, but it isn't as easy and sure-fire as it was in pre-2010 where you can just throw any stone and buy that property the stone hits and it would have appreciated a few tens percentage points.

True that for now I do have cash in Asnb. Probably keep it in first? But I prefer new landed rather than sub sales. Scared landed new launches will be further n further away from kl

According to the Malaysian Human Development report, 53% of Malaysian households have no financial assets while 88% of households reported zero savings. Further, income levels of Malaysian consumers are low. According to Khazanah Research Institute, for individuals, the median salary is RM1,700 per month. Further, 62% of active Employees Provident Fund (EPF) members earn less than RM2,000 while 25% of EPF members earn a monthly salary below the poverty line of RM930.

n their study, the Asian Institute of Finance (AIF) found that 75% of consumers aged 20 to 33 had at least one long-term debt and 37% had more than one long-term debt. To offset this, respondents were relying on high cost borrowings that 47% were engaged in expensive credit card borrowing while 38% reported taking personal loans.

https://www.freemalaysiatoday.com/category/...e-doing-enough/

Reasons why overpriced property is unsustainable.

Many of demand during property bull run was created from "loan compression", basically cheating the system and subprime. Wonder how many of these remain in the Eco system?

This post has been edited by icemanfx: Sep 9 2018, 11:48 AM

For those who are not sure about the property market going forward, of have done very little studies, and if the are able to, to invest in ASB and holding out for the time being, this is because ASB and/or ASB-financing can be redeemed at a moment's notice (well, takes about a month for the ASB-financed units to be redeemed). But it is liquid in that sense, better than your money sitting and not doing anything.

Since, you have bought properties and I am sure that you are aware of the hidden fees, upfront charges, and lack of liquidity of these properties. I know people who are in a limbo, whereby their property MV is now lower than their O/S, meaning they cannot sell without topping up to pay the differences. And their rentals are significantly lower than their costs of maintaining the property (installments, maintenance, taxes, insurance, damages), and not to mention the rental gaps between renters

Now they are stuck forever. This is why I hate the mantra "accumulate wealth by buying properties". Every investment vehicles have their pros and cons, its just that people tend to be conned into buying properties - thank you real estate agents.

Just so you know, I work for all 3 - mortgage, asb-f, and am a REN

And yet my advice is always to study your needs, will-power, investment horizon, before making a life-changing decision like buying a property or insurance. These decisions last forever even if you get to refinance/sell the property due to the upfront charges and missed opportunities.

Yeah, loan compression is subprime. When the bank deems you unworthy to get those financing buy you did anyways by cheating the system, you are a subprime. This is illegal but sometimes the bankers would not know because the applicants would be doing this on their own by making multiple submissions with different banks and bankers on their own. When I see multiple applications in their CCRIS and inquire them about it, they would sometimes admit to it, but those who didn't I would not know.

This post has been edited by wild_card_my: Sep 11 2018, 12:31 PM

This post has been edited by icemanfx: Sep 11 2018, 10:38 PM

The housing boom was fated to implode. Home buyers had paid too much on the (false) assumption that prices would rise indefinitely. As real estate valuations crested in 2006, homeowners had to divert more of their income to repaying their mortgages and home-equity loans. Other consumer spending suffered. By itself, this might have triggered a recession, possibly a severe one.

https://www.washingtonpost.com/opinions/a-w...m=.44e450bcd5a4

Experience something similar in kv?

Let it implode. I need to buy low now.

You need to buy low too as you already sold all your units in 2012 albeit it was too early then.

Only if you realize how much certain stocks have risen since 2012. Hints fb.

This post has been edited by icemanfx: Sep 17 2018, 11:29 AM

few years ago.. we started speculating about the property bubble would struck... and we never lose hope and our belief after seeing all factors that come forward and today what we believe happen..despite so many were against us.. trust yourself

this would be the sweetest moment of life.... where truth arise and those whom uttered those comments in d past now were and are as silence as grace.. the government finally comes to change when ppl says no..

keep fighting ... but never forget to grab the chance... buy one yourself .. that will be sweet too..

jolokia

Opportunity to buy at below launch price.

This post has been edited by icemanfx: Sep 19 2018, 01:22 PM