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 80s babies, have they started buying property?

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SUSempatTan
post Jun 18 2018, 01:31 AM

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QUOTE(GangHo @ Jun 15 2018, 11:01 PM)
but guys, i am optimistic about future after government has changed. better salary, better life, better property market.

i feel and see the different in the Property market in malaysia is brewing, hatching and tranforming for the better.
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By right, Malaysia props should b more expensive than Sg ones... By right...

But I feel where u're coming from. Malaysia prop prices cannot rationally go lower. So, d only way is ...
SUSempatTan
post Jun 18 2018, 11:30 PM

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QUOTE(GangHo @ Jun 18 2018, 10:25 PM)
it is my dear wish that detailed study and more useful statistic are available for Malaysian to do their informed investment.

today, when we say that the propeties are oversupply, we do not have detailed enough statistic and information to analyse what is meaning and affect of "oversupply" to one particular location. In my own theory, "oversupply" in certain type of property might not affect the overall property market. it is like an overgrown branches of tree having not enough nutrien, it will just wither off and the tree will only to grow heathier.

the property price in malaysia is relatively low, same thing with our salary. this also mean that there is a very big room for our salary improvement and property price improvement. the country has reported continous growth each year but not our salary and property price. once the people is empowered, once our industry grow healthy and more companies venture oversea competitively, this room of improvement will be gradually filled up.

furthermore, we are still developing, our 2020 vision has been shifted. enroute to this vision and beyond, it should be real positive growth for the nation and our people.
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The problem is not no money. The problem is d money is flowing out to Sg, hk, uk, us, aust etc etc becos... Malaysians ourselves don't believe in Malaysia.

On paper, Malaysia beats Sg in all departments. We hv immense natural resources, hardworking people, intelligent people, young people. Seriously, Malaysia has a demographic boon. Our population is so young. And these young people WILL need a roof over their heads. How long can say three young adults siblings all stay together in 1 house. It's only a matter of time...
SUSempatTan
post Jun 19 2018, 12:14 PM

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U know d quote about lies and statistics... Only well trained ppl should interpret statistics. Malaysia is most definitely NOT an aged nation.
SUSempatTan
post Jun 19 2018, 02:44 PM

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We undoubtedly hv a young population needing houses. But, they r generally poor. So, we must match these people with credit. Even d ones in non traditional, shadow economy jobs...

Then, another boom will occur...
SUSempatTan
post Jun 19 2018, 03:07 PM

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QUOTE(icemanfx @ Jun 19 2018, 02:59 PM)
providing easy credit to the poor (i.e subprime) is unsustainable and likely will end up like subprime crisis in u.s. in 2007.
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Malaysia is not US, aunty. Subprime is a word that has different meanings here and in US. Some ppl whom u think r poor here, r actually far from poor...
SUSempatTan
post Jun 19 2018, 04:02 PM

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QUOTE(icemanfx @ Jun 19 2018, 03:11 PM)
According to wealth report, only about 3% of adults in this country have over us$100k net worth. household debt at elevated level for reasons.
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Haha, yr brain is still stuck. Lemme tell u, if I believe all those "facts and figures and lipots" my bankers regularly feed me, I'ld b a poorer man now...
SUSempatTan
post Jun 19 2018, 05:08 PM

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QUOTE(icemanfx @ Jun 19 2018, 04:17 PM)
There are many category and tiers of bankers. if bankers are useless, the super rich won't be banking with private and investment banks.
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Haha, I guess I'm just not a billionaire status like u...
SUSempatTan
post Jun 20 2018, 02:02 PM

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D market is not as bad as it looks. In fact, when d true picture emerges, I hope many youngsters won't b saying, "aiyah, I was waiting for d crash...".

My 2 sen...
SUSempatTan
post Jun 20 2018, 02:09 PM

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QUOTE(aaron1717 @ Jun 20 2018, 02:04 PM)
herd mentality is applicable for both ends of the scenario... when booming... everyone follow and go into investment blindly... when the herd now say crashing... all also nod yes yes crashing... never really look at own needs and the opportunities arises....
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Correct!

QUOTE(ManutdGiggs @ Jun 20 2018, 02:06 PM)
Toking bout gov sector, immigration dept has plenty of front liners making ten of thousands just by giving a helping hand to agents.

All deal in cash term. No record. But in statistic they r not highly paid.
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That's exactly wat I mean when I say, here, looks can b deceiving...
SUSempatTan
post Jun 20 2018, 03:06 PM

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QUOTE(icemanfx @ Jun 20 2018, 02:50 PM)
In statistics, there is certain error or variance. Hence, untrained can't understand or apply statistics. If statistics is inaccurate, policy makers won't be using and over supply is fake news.
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Aunty, I never said statistics is not true... Statistics shows u d entire jungle. Question is; can u see d individual trees that'll benefit yr goodself...?...
SUSempatTan
post Jun 20 2018, 03:15 PM

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QUOTE(icemanfx @ Jun 20 2018, 03:13 PM)
If the forest is sick from disease, there are always some trees could with stand the disease. The question is do you want to buy that healthy tree when surrounding is dying or wait til the forest is recovering. Property is like tree, takes years to respond.
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Haha, never take a metaphor too far, aunty...
SUSempatTan
post Jun 20 2018, 04:49 PM

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Beginnings of a legendary tered...?
SUSempatTan
post Jun 22 2018, 04:28 PM

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QUOTE(Learjet35 @ Jun 22 2018, 04:26 PM)
I was born in 87, and until now never own a car. All my money goes to my prop. Bought a condo 4/5 years back and 2 landed early this year.

Planning to buy mybeee for use this year 😅
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Way to go!
SUSempatTan
post Jun 22 2018, 05:53 PM

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QUOTE(simonhtz @ Jun 22 2018, 05:13 PM)
Bought a second hand prop at about 600k+ at the peak of property price hike. And I spent a lot in renovating it.

Almost at the end of renovation, I realized I don’t have money to even buy an engagement ring.

I’m thinking if I could hold out for 3 quarters, I could settle everything and get married. Then it hit that I couldn’t achieve that.

Made plans and found a job in Singapore. Moved to Singapore for about 2 years and things work pretty okay so far.

I manage to get married, generously up my parents’ and wife’s allowances. I’m even thinking settle down in Singapore too if circumstances allows me to.

As for the house, it’s actually my occasional-weekend-house whenever I’m back to visit family and in-laws.

I’m not bragging. To be honest, the house is a curse and blessing at the same time. Would I do it again if I could turn back time? 10/10 - yes.

TL;DR - bought property in KL, ended up in SG. F*** my life decision.
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Ekcuali, sounds like a success story... Mind to share yr house location?...


This post has been edited by empatTan: Jun 22 2018, 05:54 PM
SUSempatTan
post Jun 22 2018, 06:45 PM

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QUOTE(Learjet35 @ Jun 22 2018, 06:40 PM)
Company car while working in malaysia,and rented a car while working in abu dhabi before.Now im back in malaysia.might wany to take over civic fd with 300k mileage from family and buy new mybee since im getting married next year.
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300k mileage??! No need to over-save also, man...
SUSempatTan
post Jul 3 2018, 02:54 PM

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QUOTE(AskarPerang @ Jul 3 2018, 11:49 AM)
I find it hard to belive a 150k apartment in 2012 able to sell at double the price in 2014? This apartment is located at?
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V possible.
SUSempatTan
post Jul 4 2018, 11:59 PM

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QUOTE(Smoothpow @ Jul 4 2018, 11:41 PM)
Any of you all with a few properties managed to rent out all of the property? Is it possible to just rely on rental to survive
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Yo
SUSempatTan
post Jul 5 2018, 05:25 PM

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QUOTE(ManutdGiggs @ Jul 5 2018, 05:19 PM)
Of cos. But which to flip is the main question ma. Gd wan can get high profit at the same time high rental, to flip or to keep??? I oso blur liao.
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My headache atm too...

 

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