Property bubble so many signs but till now haven burst..

2016 till now.. when only burst?

I bought 2 properties with S&P 20% above market rate.


Never felt so trapped in my life, althought got 170k cash back/property.

S&P RM660k but market price RM400-440k now how to sell? at least fully tenanted.. still a really bad decision, as I hate paying for condo management fees.

This post has been edited by Bendan[520]: Aug 10 2021, 05:10 PM

Dude, I was stupid back then just fresh out of uni..

Wanted to live the lavish life, drive nice cars be rich.. due to so many brainwashing, now that Im older.. really wanna slap myself.

Ya seriously regret my decision, compress loan kills those without financial literacy..

Thank god I’ve have some businesses to help sustain this, thought I took moratorium to help with cashflows and tenant suddenly move out.

But then, I dont think I’m gonna ever sell at breakeven from loan ever again, the current market price for the condo I’ve bought is shit.

bubble burst yet?

auction property is because a lot of compress loan, then people run away with cashout.

you should blame developers for starting the trend “cash out” in the first place, people do compress loan for the sake of it. then can’t afford

This is malaysia, there’s a way with the valuer kan kan?? there’s even a sop of which banks to submit loan first..

haha

So many cases people compress 8-10 props in 1 name.. heck got 1 case got 13 properties

Normal sheep compress then can’t service loan sure gg, bankrupt or life ruined.

but those pro and well planned, compress by marking up loan amount vs market price with nice talks to owner/developer.

cash out and run.

bank also cant find.

1 property cash out 200k, if 5? if 8?

This post has been edited by Bendan[520]: Oct 2 2022, 08:09 PM

yeap, just mark it up, cash out , can have cash flow for business/renovation/personal use.

who dont want? cheapest interests of all loans..

only noobs use personal loan. the pros use housing loan lol


but not that pro if gg/bankrupt

every year i revisit this to see failed condo projects being auctioned then someone will generalise and say property market about to burst..

rinse and repeat.

I bought a property recently at 620k, now I checked iproperty listing all selling at 680k..

Not bad..

Im quite happy someone sold me a prop at 620k SPA, then now 6 months down the road, property guru and iproperty average selling price around RM660k-700k

Feels good for that mini win..

I believe their meaning of "prop" cannot make money anymore by flipping and owning condos.

So many new condos popping up like hot cakes, any reason the buyer wants to buy your used 2nd hand old maintenance condo for almost the same price?