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 Multiple Signs of Malaysia Property Bubble V20

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bearbearwong
post Apr 9 2020, 12:47 PM

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QUOTE(kidmad @ Apr 9 2020, 12:45 PM)
why not? I'm one of them ain't it? and hey i'm looking into buying. There's no better time to buy. Need to dig back discussion couple years back. Those who could afford they will still be standing strong. This MCO had proven the rich will just become richer.
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Rich in cash yes.. n daring to buy yes they will

Rich in assests= rich debts..


bearbearwong
post Apr 9 2020, 01:24 PM

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QUOTE(kidmad @ Apr 9 2020, 12:51 PM)
dude if debt is the only thing this group of people is carrying they would not have second or third property mind you. Third property onwards is already telling you this guys could afford the 30% upfront. And now with the bad situation we are in. The one who is suffering  is those who are renting believing that property will one day burst bla bla bla. For these group of ppl including yourself keeping your job/business is already a question.

Are you still hoping this crisis to happen then? how long could you sustain?
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most of the loans is called compressed loans... bank officer submit simultaneously for you based on one salary earning and lands you with muitiple properties, of which you cannot afford to pay the installments...

the 30% upfront , nowadays cash rebate 20% upwards... maybe pay 5 % upfront, cincai dig also can get... plp investing wont pump 30% in unless is a damm good deal and credit is exhausted...

buy liao, 4 years ago, price crash 20% after renovations


bearbearwong
post Apr 9 2020, 01:36 PM

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QUOTE(kidmad @ Apr 9 2020, 01:32 PM)
why don't want to listen when ppl advice you back in 2012? And why desperate buying 4 years back? i assume you got it late 2016? Also those 20% cash rebate sounds like a flipper trap. I'm talking about buying something worth the price which i usually got them only through subsale not from developer.

Until today out of the 5 unit i bought only 1 was from developer. I'm only holding 3 at the moment.
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mine is Built and Sell wor... cash rebate ah... unlikely leh..

all these already past... young man... u ask ppl to buy now see how many youngsters will listen now..

what are you trying to promote on 2020? buy sub sales more like how u did in 2012 or before?
bearbearwong
post Apr 9 2020, 01:44 PM

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QUOTE(diffyhelman2 @ Apr 9 2020, 01:39 PM)
Hasn’t loan compression scam been tightened up? Still not made illegal yet? Banks haven’t improved their checking procedures for these kind of schemes?
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now compressed loans are much tighter, those were purchased back then from 2017-2020 period transaction fall alot..

but if you still want to go behind the system, there are humans who can think of the best ways one..

one of the point i can raise is the valuers and the appraisal board , take instance one property A,

the valuation report for loan approving stands at 500k value, force value 430k maybe..

the valuation report for recovery/auction purposes stands at 400k/450k, force value , 380k

this pattern is very weird.... even both of them run simultaneously within the same area...
bearbearwong
post Apr 9 2020, 01:46 PM

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QUOTE(kidmad @ Apr 9 2020, 01:40 PM)
YUP. there is no better time. take this opportunity of market correction to buy a place for yourself. You need a place eventually why not just get one. i'm telling ppl to invest in subsale instead of buying new. I see those new props are all still trying to fetch 600k - 800k.. at this bad economy good luck in those greedy dev. Instead buy subsale from another owner who desperately wants to sell.

Confusing, so did you get your own place or not? Your talking about cash rebate etc..

On the other hand before getting another unit i'm looking at stock market temporary. I'm expecting the economy would really crash like what you guys suggested back in 2012. DJI at 18k, will pick up some stocks.
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bursa maybe worse 800 points, badan-badan berkanun and BMN support..
bearbearwong
post Apr 9 2020, 01:52 PM

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QUOTE(kidmad @ Apr 9 2020, 01:49 PM)
dude you are talking as if there isn't a recent fall in the stock market. duh. The stock market took a steep dive last month nn paper itself close to 25% of what i invested had gone but just like property i'm still holding them. Your not the only one investing in stocks mind you.

Again your logic of property bubble has a serious flaw. Don't you see that?
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funds manager

Manutdgiggs
bearbearwong
post Apr 9 2020, 02:06 PM

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QUOTE(AskarPerang @ Apr 9 2020, 01:51 PM)
Venice Hill  flex.gif
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area macam ni... maybe you have to change ur interest from surfing net to basketball ke...macam kobe bryant

yoyo
bearbearwong
post Apr 9 2020, 03:26 PM

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QUOTE(ManutdGiggs @ Apr 9 2020, 03:16 PM)
Ah bear gor ur sifu says she knows her portfolio. Sound as if other ppl r all losers including her protégé ah bear gor. Hoseh liao tis world onli has 1 winner. Wat a world. 😍😍😍

Vely insecure hor.
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aiya kopitiam, why so serious oh.. serious towards the topic with actual number and scene will be much much more helpful
bearbearwong
post Apr 12 2020, 03:45 AM

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QUOTE(scorptim @ Apr 11 2020, 11:39 PM)
Rather than waiting for a good time, better you spend the time looking for good deals.
It will be 9-12 months time to be exact, moratorium is for 6 months, don’t forget.
He’s really trying hard to use reverse psychology there.
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Still got property expert say propeety price will go up?

Now already crashed 20% .. mine crashed 15%..

The prop market expected to reach equilibrium ard 30 % crash or more..
bearbearwong
post Apr 25 2020, 04:55 PM

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QUOTE(kevyeoh @ Apr 25 2020, 04:32 PM)
but then now gov/fed pumping stimulus like no tomorrow...so.... things are pretty much up in the air...no one knows what will happen next for sure...
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bro yeoh long time no see.. now how property market and agent sales? starting last year 2019 already gg... but still will be many sales but 50% off 60% off via ah long borrowings
bearbearwong
post Apr 27 2020, 08:59 PM

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QUOTE(jassicaskylpm @ Apr 27 2020, 08:38 PM)
Oh Sorry my statement , Not greed , but pessimistic about property or the economy , it’s totally different,

I just hate people spread pessimistic in young people society

Prove me the claims then , how many in one area ? 2 or 4 ? 20 units ? Out of 200,000 , 1,000,000 or 2,000,000 existing houses in one area?? Oh my God, that’s a lot  !!! 


Which area are sold 800k then still selling 800k now after 3 years or 5 years , I wan see JPPH Jabatan report not Iproperty ones  hmm.gif
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young man... why like this, pessimistic outlook is self evident ma..

figures we let you to discover, k/ talk kok sing song nia..

you under employment? which field?
bearbearwong
post Apr 30 2020, 07:01 PM

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QUOTE(Jliew168 @ Apr 30 2020, 06:30 PM)
He could buy way earlier ..just because he listened to u he bought at peak
Anyway at least he make action and better than not buy anything
He made a right decision but just a bit late
Ngam mou bearbearwong
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Drop is drop.. buy where drop where.. nvm for ownstay.. investmeny jio painful..
bearbearwong
post Apr 30 2020, 07:28 PM

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QUOTE(Jliew168 @ Apr 30 2020, 07:08 PM)
If u listened to bbbb and bought earlier u still make profit
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cheaper a bit is when buy ard 2012/2013 leh.. maybe save a bit but own stay.. reduce installments a bit?
bearbearwong
post Jun 18 2020, 11:42 PM

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QUOTE(fun_feng @ Jun 18 2020, 04:34 PM)
Hi guys, how to calculate the latest RGPT??

House bought pre-2010
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so long.. i think no matter what also 5% kena as per LGE guidelines havent changed...
bearbearwong
post Oct 28 2020, 11:53 AM

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Gg.con.my..

Prop has officially crashes
bearbearwong
post Oct 28 2020, 12:28 PM

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QUOTE(Jliew168 @ Oct 28 2020, 12:26 PM)
Your best friend say second half next year
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but crash also got a limit... at most 50% max...

wont crash lower than that, unless our Msia keep on politicking and no foreigners come and border close..

that one cannot say... now want to rent to pak hitam also cannot find...zzz
bearbearwong
post Dec 16 2020, 05:52 PM

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QUOTE(moosekaka @ Dec 15 2020, 09:28 PM)
Foreigners cannot come mah. Border hard closed still and now with cases rising many won’t come also. Are all the property developers banking on foreigners to buy up their stocks?
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foreigners ak.a your friend can reproduce ma... right? lol..

borders like Thiland? Indonesia/kalimantan, the Philippine?
bearbearwong
post Dec 16 2020, 05:55 PM

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QUOTE(icemanfx @ Dec 13 2020, 10:35 PM)

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trying too hard...

no more those songs to sing di.. rental 4k, installment 2.8k..

why bother sharing? sendiri sapu terus and diam diam la
bearbearwong
post Dec 30 2020, 01:29 AM

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crash is coming... DSL will be 400k to 500k many houses will be below 1 Million
bearbearwong
post Dec 30 2020, 01:51 AM

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QUOTE(icemanfx @ Dec 30 2020, 01:49 AM)
Believe many poorperly flippers took excess cash from loan moratorium and bought gloves share, and many are below water.
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if they hit right then should be great.. but gamblers and punters never change, will invest back and burn

This post has been edited by bearbearwong: Dec 30 2020, 01:53 AM

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