😁

I just have to put in, its much easier focusing on being successful than focusing on other peoples failures. Or at the very least focusing on improving one self. I’m not that successful so sometimes when I poke at someone, feel free to throw my words back at me.

Happy decade in lowyat to ice kor, and Merry Christmas everyone!

For every loser there is a winner.
You can be pessimistic till sunset, but someone out there is gonna make money no matter bull or bear run.

I anticipated the reply will be along that line too, hahaha

Anyway, statistically speaking, only 0.01% of football players will being a truly elite football player, playing in top 5 leagues in europe.

One can say to new comers, don't bother, go elsewhere. You will fail either you're not tall enough like Messi, or you're physically not at the very best like Luka Modric, just quit man, stop practising. Tell the others too. Statistically everything is against us.

But wait, which statistic is ever favorable to us? Once you're born, you're you against the world man.

I say, don't fking quit until you're the very best. Reach for the stars dudes, if you fail and land on the moon, hey, BTC only wants to fly to the moon too.

What am I rambling about this Xmas eve, apologies one Moet too early la adui

Pro is from amateur training to be like a pro.

These are the groups I like.

Who is this 1 winner ?

Lets wait for his answer.

You are telling all those 999/9,999 successful bidders in the auctions are losers ? Then they are worst off than the defaulters, .... yes ?

For every defaulter who lost their property tbrough an auction, there will be a winner bid.

If a winner bidder cannot sell the property more than the price he bid later, then he is worst off than tbe defaulter and should abstained.

And not every defaulter buys a property beyond their means and landed in auction later but majority are.

In any wager or casino game, is always the gambler against the promoter, ie. 1 :1. So is either the gambler or promoter wins in a game. A gambler dont bet with another gambler in a casino. The numbers of gamblers win or lose doesnt matter..

A group of 10 friends combined a pool to play against the promoter is still consider 1:1 and not 10:1

In auction, whether banks or owners,, starting bid matters.. Haunted or facing htc or etc, there will always be buyers.

Eg, facing iwk is better than facing foreclosure thereafter.

Rumahwip lelong unit sold just now.
Launching price 300K.

Today sold at 258K only.
Developer agreed to do direct transfer to the new buyer for this unit.
Definitely a good catch!

"as is where is" basic. The owner & tenants are able to claim it back before the money disbursement to the bank.

After that, before the unit was vacant (mean somebody stay inside even the money was disbursement), owner & tenants are able to claim it back also.

this is what my understanding lah haha.

Where do you get this info about 70% rejection?

Hi all, planning to join LACA auction next week. It's for a serviced apartment where I'm currently renting, but different unit. Please let me know if I've missed any steps.

1. Surveyed the house. Nobody staying there. Checked with the janitors, so far nothing unusual about previous owner.
2. Land search done. No caveat on the house. (Tanggungan dan endosan-endosan lain - Tiada)
3. Bumi lot. Leasehold. Strata title already issued. Called the developer, they agreed to do direct transfer with admin fee.
4. POS from auction house checked. Only maintenance fee can claim from bank (it's Ambank by the way), others I need to pay myself. Already checked all outstanding amounts (cukai tanah, pintu, etc.), so far I can cover it.
5. Pre-loan approval with 2 banks (PBB & RHB) got positive feedback. interest ~3.9%

Next step:
1. Get bank draft 10% value of reserve price. any additional amount (if bid price increase) to just transfer online later.
2. Just noticed the auction house organizing this also doing the bid online. Shall I go in person or just join online? scared if go in person become nervous or someone kacau, but if go online what if something goes wrong with internet/computer/etc. during auction 

any other tips appreciated, thanks

I am also considering this option from the beginning. Thanks.

I think the more appropriate analogy is I bought the cow (house), planning to buy the string (security) fee. Just that not willing to pay for the string that the other cows in the same farm are using ( old owner debt).

If it is not a strata development, you have no obligation to pay.

Strata Management Tribunal only for landed strata and condos.

If they restrict you from entering, you can always report to the police.

Ask them under what law that you have to pay even the current "fee", not even talking about the "debt". But, you can always negotiate down the "debt" by offering them that you will participate in paying the current "fee" even though you don't have to pay any. It is always good to pay the "fee" in order to keep the place safe because the area was never a strata development from the beginning like a condo.

That is why guard post in individual-titled landed housing will not work, because some residents feel that they do not have obligation to pay the maintenance fee.

End up a small amount of residents pay for it and the rest are just freeloaders.

If they think that you understand exactly what they cannot do, then it is easier to negotiate with them. Problem is, they may think that most people are ignorant about the whole thing, so they make use of it to demand this and that.

However, you also have to understand that they probably have to do it this way because they really do not have any legal right to demand any money from you and they need the money to function.

Some people think that living in condos is more troublesome but actually living on non-strata landed have its share of problems. In condos, there are laws and by-laws that you may refer to to solve problems. In landed properties, it is not uncommon to see quarrels over parking spaces which do not belong to anyone. And you can't do a thing if abandoned nearby units are overgrown with vegetation and attracting snakes and drug addicts.

Maybe negotiate to pay in installments, usually they just want to get the money