BBB time cumming...

Rubbing hands in glee...

We will see a dead cat bounce first before the real burst happen.

Should be applicable for most thing that involve money and human. One of the post in this thread shows the graph that has a dead cat bounce in it few pages back.

Why no downward? R u uuu?

http://www.malaysiandigest.com/frontpage/2...ne-of-them.html

If the above is accurate or close, few have reserve at flexi account.

U.s economy is currently stronger than many realized, almost at full employment without trump budget. Gop is pro business, deregulation (e.g limiting epa power, banking compliance) will increase corporate profit. Loosening lending will push stocks, house price and inflation higher until next bubble is formed.

Now oledi banyak ppl sell 10% below market price la. They dun say less, they use the term rebate. So many 500k condo rebate 50k...summore can use the rebate for dp. End of day loan 450k only...means already happening la. But they dun make it obvious onli. Wait a while more 20%, 30% also will come la.

Buying a RM500,000 property? Better to rent, says expert
Robin Augustin | March 22, 2017

PETALING JAYA: Thinking of buying a RM500,000 house?

A veteran property expert said for that amount of money, renting might be a more viable option given the price of properties and the rising cost of living.
“There is no shame in renting,” Ernest Cheong told FMT in a recent interview.

“People often say, ‘If I rent a house, for the next 30 years I will only enrich the landlord and after 30 years I won’t own a home’.”
Cheong said this was only true if a person could afford the monthly instalments for 30 years.

But even then, Cheong said, given the inflated price of properties and the rising cost of living, people looking to own a home shouldn’t rush into owning one because, in the future, they might have other needs such as their children’s education or medical expenses.

“Let’s look at a RM500,000 property as an example. Say, for that price, it is a 1,000 square feet apartment in Puchong with three bed rooms, with a rental value of RM1,500 a month.”

“One man, Harry, rents it for RM1,500 a month, and his neighbour Sally decides to purchase her unit for RM500,000.”

After 30 years, Cheong said, Harry would have paid his landlord a total of RM702,000 assuming that after every three years the rent was increased by RM100 per month.

Sally, meanwhile, would have paid RM50,000 for the 10% deposit required and taken a RM450,000 bank loan to pay the balance 90% of the purchase price.

“She would also have to pay around RM40,000 in stamp duty and legal fees.”

With a 30 year loan, Cheong said, Sally’s monthly repayment to the bank would be around RM2,734 per month.

“In 30 years, Sally would have paid the bank a total of RM984,240 (RM2,734 x 360 months) and plus the 10% (RM50,000) deposit and RM40,000 legal fees and stamp duty, she would have paid a grand total of RM1,074,240 for her apartment.”

Cheong, a chartered surveyor, said over the period of 30 years, the value of both properties might increase three-fold, but this might only be on paper.

“In reality, we are now seeing an oversupply of residential units and with the rising cost of living, can many people say with confidence that they can afford a bank loan repayment of over RM2,734 a month for 30 years? Or that the value of properties will go up as planned?”

In recent times, Cheong noted, it had been reported that EPF figures showed there were 14.5 million working Malaysians in the country, of whom 89% were earning less than RM5,000 a month.

Cheong said a lot could happen in 30 years, with children needing to go to college or salaries not rising in tandem with the cost of living.

“So in reality, renting may not be a bad option because it allows you to be flexible. Lose a job or need to raise funds? Move to a cheaper place. If you take a loan, you’re committed for 30 years. Sure, you could sell the place, but are you sure you can get the ideal price given the oversupply of properties nowadays?”

Cheong said if people couldn’t afford to repay their bank loan at any time within the 30-year period, they might lose all their money, or even be made bankrupt if they could not sell the property at a price sufficient enough to pay the balance of the loan.
This, Cheong said, was why renting a property – rather than buying one – was a viable option which people should consider.

http://www.freemalaysiatoday.com/category/...nt-says-expert/

bearbearwong  bz with something else now..
Mostly kena credit card now is gen y n gen x.. Good to serve them a lesson don't spend future money
. Credit card debt no big deal la,  they credit limit normally won't that high and bank can't sue them for bankruptcy. They should contact akpk or bank to restructure the payment to keep a good record

Excitement is one thing, all the way to the bank is another. With so many properties lying around unsold with ridiculous asking price and strict bank approval process, what most flippers can do is just hold their property.

My office colleague  has 4 landed properties in Penang, every other day he'll tell everyone his properties worth millions, but until today nobody buys his property and he is 66 years old on contact and still working to serve the bank loan instead of laughing all the way there.

Infact they're few more uncles in the office too who everyday get together and discuss property here and there dreaming of becoming millionaires but then they already passed 55years old and still working renewing their contract with the company annually.

Pathetic and sad.

Property is illiquid, unlike commodities or stocks, price takes years to bottom.

Property is illiquid, price takes years to bottom.

penang now stagnant
bank say very less transaction and advise not buy now

guys need an opinion. is it good to invest in property now? I am thinking about to get a unit in 1 pavilion suites and try to rent it out or put it on Airbnb so i could get extra money along the way. I don't plan to stay at all, maybe in 5-10 years, i will.  Or i should buy a bungalow unit in Bukit Jelutong or something and try to rent it out and hope in future the price will go up. My plans are more like to make a future asset i would say.

you're actually right. it is hard for me to find a property that i really like. but then again, it 's hard to decide which is good for my situation. one is very good and touristic situation and another is big land and good in the future when i have a family.

price is going down its a fact ...but it wont burst

For condos got a few 30% discounts flying around d right now.

Landed I think your estimate is sound but high rise, I predict by the time we reach the bottom of this downtrend we’ll see around 30-50% drop.

Yeah, landed definitely won’t drop as much as high rise.

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