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 80s babies, have they started buying property?

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ManutdGiggs
post Jun 13 2018, 10:32 PM

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I know 1 guy 80s oledi own 10 with vely low gearing. Tis guy beats any guru anytime.
ManutdGiggs
post Jun 14 2018, 08:44 AM

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QUOTE(icemanfx @ Jun 14 2018, 08:33 AM)
Not at all, just been practical and realistic.
Property is illiquid, cycle could be longer than most expected.
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Prop play is for long term as well as preserving the value against inflation la. U won't keep 2 days wan. Its unlike fun minizer using opm to hoot market or gamble in contra play la or short here long there wan. There is no rocket science in prop play. It's discipline tat counts.
ManutdGiggs
post Jun 14 2018, 01:39 PM

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Any 90s babe here???
ManutdGiggs
post Jun 14 2018, 01:41 PM

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QUOTE(GangHo @ Jun 14 2018, 01:35 PM)
oops. did not realise the typo mistake. i wanted to say my wife has got 2.
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Ur subconscious is telling us ur secretπŸ˜‚πŸ˜‚πŸ˜‚
ManutdGiggs
post Jun 14 2018, 01:49 PM

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QUOTE(Looi90 @ Jun 14 2018, 01:46 PM)
early 90s and almost drowning mega_shok.gif
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90s oledi slowly entering the market. Foresee many ll flood the market after 2020 if pH is making a gd gov.
ManutdGiggs
post Jun 14 2018, 02:11 PM

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QUOTE(Looi90 @ Jun 14 2018, 01:52 PM)
ya those friends who later than me like year92-95 already made their 1st or 2nd purchase , foreseen youngsters come in to join the fun rclxm9.gif so that we can offload to them at profit brows.gif
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Wrong liao boss. Its more like new blood flood market to sustain the psf but not taking over any prop.

Newbies ll most likely aim for new props with low entry. But pray harder they dun trapped by gurus gurus yg disayangi ramai.

Offloading is not the onli way to make profit. With a proper game plan u can make it big with rental income too. Stability of rental income over the past maybe 10 or 20 yrs ll invite bankers to queue for ur loan application. Loan approval is not entirely based on salary alone.


ManutdGiggs
post Jun 14 2018, 02:40 PM

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QUOTE(aaron1717 @ Jun 14 2018, 02:20 PM)
agreed on the loan part... rental income can help grow your property portfolio... I rmb one lady... monthly income 6k only... but she owned more than 10 properties... most of it able to rent out to cover her installment.... ini macam baru boleh macam giggs gor... satu tumbuk 10 biji....  laugh.gif  laugh.gif
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Boss I'm not the lard lvl by hooting 10 (even thou the spa signed r all fake for marketing gimmick) at 1 time. Tats a total cowdung.

I usually buy 1 or 2 at a time n I dun do it every yr wan. But I did break the rules by hooting few times in a single yr la. Tat was when u realised tat left right center up down front back east south west north oso got dead chic 😜😜😜
ManutdGiggs
post Jun 14 2018, 02:46 PM

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QUOTE(GangHo @ Jun 14 2018, 02:26 PM)
https://www.dosm.gov.my/v1/index.php?r=colu...mdhMjFMMWcyZz09

with m40 and below household income at 53.8%, one household having rm6502 can purchase one 700k property or squeeze 2nos. thats about all.

the actual situation seems to be better.

between B40 AND M40, and having B40 at 16.4%. pluck from the sky, 30% of household cant afford a house and potential future buyers if income increases.

any closer number with good support?
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I blif tis statistic is based on purchase of new props with slightly more accurate psf or absolute price as recorded on book since subsales prices r vary even thou few units along the same street.

In a way for subsales, owner onli need 1 genuine offer to close the case. Dun need 33m of malai population to sell 1 unit πŸ˜…πŸ˜…πŸ˜…

Anw to to b fair, not all the time every1 has the 1 genuine of the buyer comes across at the ngam timing

ζ—Άι—΄ε’ŒδΊΊη‰©εœ°η‚Ή

https://youtu.be/yGpHgLbXgM8

Lai take a break. Enjoy the song first.
ManutdGiggs
post Jun 14 2018, 02:57 PM

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QUOTE(flight @ Jun 14 2018, 02:50 PM)
I think the biggest sifu here is giggs. Duno can learn what from him. πŸ˜…πŸ˜…πŸ˜…
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Boss I tok kok nia. Soli soli. I shall instead go for a noon nap ohmy.gif
ManutdGiggs
post Jun 14 2018, 02:57 PM

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QUOTE(aspartame @ Jun 14 2018, 02:56 PM)
Wah... very low gearing but 10 props means all solid cash?
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No la. He bot vely young b4 the 2009 boom. Mostly like 400k 500k in pj dj du.
ManutdGiggs
post Jun 14 2018, 03:05 PM

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QUOTE(aspartame @ Jun 14 2018, 03:00 PM)
Wah... 10 props bought before 2009? Home run liao....
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Yup jinjia home run. Tats y I changed my avatar recently for tis tered.

I wanna hoot 10 kononnya πŸ™πŸ™πŸ™

This post has been edited by ManutdGiggs: Jun 14 2018, 03:06 PM
ManutdGiggs
post Jun 14 2018, 03:06 PM

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Wait pai gor 23 biji sebelum umur 3 keping???
ManutdGiggs
post Jun 14 2018, 03:13 PM

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QUOTE(aspartame @ Jun 14 2018, 03:11 PM)
Hoot 10 props very good...dun hoot bro's wife yeah..😬
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10 εŒ—ε§‘
ManutdGiggs
post Jun 14 2018, 03:37 PM

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QUOTE(aaron1717 @ Jun 14 2018, 03:32 PM)
yeap... and LYN represent maybe less than 10% of the property buyers in the market.. or even population.... lol....
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Less than 0.5% in buyers sellers. Less than 0.1% of total props in malai.
ManutdGiggs
post Jun 14 2018, 03:38 PM

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QUOTE(luminaryxi @ Jun 14 2018, 03:36 PM)
since all sifu gather here, wanna seek opinion.

brief profile of me : -
1. work at hometown, decent salary + career
2. bought a house , rent out, negative cash flow -RM300. location quite good so should have no problem renting out again in future.

now got a lil bit of extra cash, wanna invest in kl , dunno wanna buy subsale or auction.

or buy at hometown another house, to kahwin n stay ? already almost 30 years old.

sifu pls guide. budget property is rm500k below
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Personally I hav an old timer rule, buy sthg tat u can see or touch. Soli ya old fark vely kiasi wan.
ManutdGiggs
post Jun 14 2018, 03:52 PM

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QUOTE(luminaryxi @ Jun 14 2018, 03:42 PM)
hmm means what ah ? buy something nearby that u can personally manage ah?

but my hometown here, the property hardly appericate 1 leh, rental can la but also negative cashflow 1.

cant untung berlipat ganda like in kl
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Meaning u can move to kl if u r offered a job here n buy in kl
ManutdGiggs
post Jun 14 2018, 06:08 PM

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QUOTE(Quang1819 @ Jun 14 2018, 05:57 PM)
Fuhh now upgrade to become ipman liao

Mostly in KV ke?
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U mean the person who owns 10???

Yaya all in kv except 1 in other land.
ManutdGiggs
post Jun 14 2018, 06:21 PM

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QUOTE(Quang1819 @ Jun 14 2018, 06:13 PM)
You lah taiko
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Wah u look me so up. I where got 10 ar. Terbalik 01 got la
ManutdGiggs
post Jun 14 2018, 06:43 PM

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QUOTE(GangHo @ Jun 14 2018, 06:38 PM)
how about type of property?

we used to favor landed property especially the link house. i believe the 80s and 90s are slowly shifting to  condo and service apartment.

how about you?
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Fr conventional landed to stratified landed
ManutdGiggs
post Jun 15 2018, 07:14 PM

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QUOTE(icemanfx @ Jun 15 2018, 07:10 PM)
During 2011-2014 kv property bull run, core investors are 80's baby.
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Icic ohmy.gif

Selamat hari raya madam

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