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Multiple Signs of Malaysia Property Bubble V20
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Ron2828
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Apr 25 2019, 01:47 PM
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Getting Started

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QUOTE(Angelic Layer @ Apr 25 2019, 09:44 AM) Wah, 6-7 units how to handle? 6 units 250k losses at minimum each, more than 1.5 million. Confirm bankruptcy already. 1 unit 100k cashback,6-7 units already 600-700k Stash the cashback money in parents/siblings account and declare bankruptcy
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Ron2828
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Apr 25 2019, 08:03 PM
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Getting Started

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QUOTE(Angelic Layer @ Apr 25 2019, 07:59 PM) There is no automatic discharge from bankruptcy in Malaysia, say you bankrupt for 15-20 years, 600-700k, something like 2000 per month worth to do so? Just a suggestion to salvage the situation....the initial intention was definitely flip for profit With current negative equity,might as well just declare bankrupt and hide whatever cashback given by developer
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Ron2828
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May 6 2019, 08:21 PM
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Getting Started

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QUOTE(driedfish @ May 6 2019, 09:23 AM) will the BR/blr go up or down in the coming months? We are a small country and basically at the mercy of big country like US.If US continues to hike rate then we have to follow or ringgit will plummet to new low again.If they cut then we may have room to adjust downward
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Ron2828
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Jun 10 2019, 11:17 PM
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Getting Started

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QUOTE(gogo2 @ Jun 10 2019, 10:41 PM) Property now go back up already. No more sales. You miss out the lowest point Dy. Property go back up? What makes you say so?
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Ron2828
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Jul 28 2019, 07:28 AM
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Getting Started

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QUOTE(epsonstylux @ Jul 28 2019, 02:08 AM) i heard from a friend who said his friend went to a prominent property guru seminar, in the seminar, he was forced to swipe CC for 40k as deposit for 2 units at kajang. He specifically told me the word is "forced" near MRT. The property guru said they will renovate the unit at owner's cost, and within 3-6 months will find a tenant for owner. The renovation include 5-6 rooms inside the 1000++sqft apartment, and rental will be rm800/room. Dont know if it is true or not. Can somebody confirm?  Fuhh....property guru milk your friend’s seminar fees,then milk commission and renovation fees.No wonder guru can drive ferrari
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Ron2828
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Jul 28 2019, 09:15 AM
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Getting Started

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QUOTE(icemanfx @ Jul 28 2019, 09:11 AM) Rich Dad is real as Harry Potter. Richdad is real....google Richard Kimi
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Ron2828
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Jul 28 2019, 12:45 PM
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Getting Started

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QUOTE(icemanfx @ Jul 28 2019, 09:42 AM) He is a person but not "rich dad". There was an agreement between Richard Kimi and Robert to protect Richard’s family privacy. His son,Alan Kimi(Mike) confirmed all these stories few years later after his father’s death in 2009
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Ron2828
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Apr 10 2020, 03:08 PM
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Getting Started

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Property price increase in 2008-2014 due to Federal reserve huge QE stimulus
Now Trump and fed unleash another round of QE, unlimited some more.With so much money floating around,price of hard assets like commodities and property will increase (replacement cost /higher cost of building)
Tldr version : property price will increase again due to fed QE
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Ron2828
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Jun 5 2020, 09:10 PM
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Getting Started

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QUOTE(daidragon12 @ Jun 5 2020, 05:20 PM) Not reflected well in stocks either 😅  Good opportunity to buy property stocks or actual property.The removal of LTV 70% for 3rd property is a huge game changer
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Ron2828
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Jun 17 2021, 05:14 PM
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Getting Started

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QUOTE(JimbeamofNRT @ Jun 17 2021, 04:22 PM) but if you check out that cyberjaya thread, there are plenty of naysayers "market is good" "place is vibrant etc" They need waterfish to come in and bail them out
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Ron2828
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Aug 18 2021, 01:51 PM
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Getting Started

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QUOTE(icemanfx @ Aug 18 2021, 11:19 AM) Houses at half-price, anyone? .... Headlines about property have been like this, of late: Is it time to buy? Is it ‘still’ a safe investment? Is there light at the end of the tunnel? There is a missing question: “Will prices fall further?” https://www.freemalaysiatoday.com/category/...f-price-anyone/Isolated cases and misleading headline Can find a double storey landed freehold in klang valley with half price?
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