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> Is property price stagnant now

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TS kkk8787
post Nov 6 2018, 10:55 PM, updated 5 months ago

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Realise few of the property I bought 2 years back all stagnant in price. Or rather 4 years ago sorry bought in 2014. Now 2018 see ppl selling same price still. Is this a normal occurrence nationwide. Last few years barely any appreciation
David_77
post Nov 6 2018, 10:57 PM

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Here we go again...
TS kkk8787
post Nov 6 2018, 10:59 PM

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QUOTE(David_77 @ Nov 6 2018, 10:57 PM)
Here we go again...
*
Hi sorry I'm not a speculator nor any UUU or DDD camp. I'm just asking is this a norm on average or basically I just made terrible investments.
David_77
post Nov 6 2018, 11:06 PM

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QUOTE(kkk8787 @ Nov 6 2018, 10:59 PM)
Hi sorry I'm not a speculator nor any UUU or DDD camp. I'm just asking is this a norm on average or basically I just made terrible investments.
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No no. Just that this kind of topic is repetitive. So the same kind of comments will be repeated.

Especially from the shiitynomous.

Anyway, hope contributions from others will come soon.
TS kkk8787
post Nov 6 2018, 11:09 PM

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QUOTE(David_77 @ Nov 6 2018, 11:06 PM)
No no. Just that this kind of topic is repetitive. So the same kind of comments will be repeated.

Especially from the shiitynomous.

Anyway, hope contributions from others will come soon.
*
His name is shiitynomous. Ou. Nola just frustrated banging my head why bought properties in 2014, 2015, the tail end of summer, beginning of winter in property cycle it seems. Whataver I bought din appreciate at all, if put the money in bank also few hundred thousands d.
My elders telling me be patient man, eventually will go up
leodinouknow
post Nov 6 2018, 11:14 PM

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QUOTE(kkk8787 @ Nov 7 2018, 12:09 AM)
His name is shiitynomous.  Ou. Nola just frustrated  banging my head why bought properties in 2014, 2015, the tail end of summer, beginning of winter in property cycle it seems. Whataver I bought din appreciate at all, if put the money in bank also few hundred thousands d.
My elders telling me be patient man, eventually will go up
*
put in bank also few hundred thousand interest earn? your few property all fully paid up? and each cost 1m above?
David_77
post Nov 6 2018, 11:15 PM

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QUOTE(kkk8787 @ Nov 6 2018, 11:09 PM)
His name is shiitynomous.  Ou. Nola just frustrated  banging my head why bought properties in 2014, 2015, the tail end of summer, beginning of winter in property cycle it seems. Whataver I bought din appreciate at all, if put the money in bank also few hundred thousands d.
My elders telling me be patient man, eventually will go up
*
I can’t quote her real name. So shiitynomous it is. She knows it’s her.

Think property investing is a marathon. Not a sprint. So yeah, patient it’s the key.
TS kkk8787
post Nov 6 2018, 11:15 PM

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QUOTE(leodinouknow @ Nov 6 2018, 11:14 PM)
put in bank also few hundred thousand interest earn? your few property all fully paid up? and each cost 1m above?
*
Bought cash. Which was my biggest mistake
TS kkk8787
post Nov 6 2018, 11:17 PM

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QUOTE(David_77 @ Nov 6 2018, 11:15 PM)
I can’t quote her real name. So shiitynomous it is. She knows it’s her.

Think property investing is a marathon. Not a sprint. So yeah, patient it’s the key.
*
Well will be comforting if I know this is not gonna be for next 10 years. My family have terrible track record since 20 39 years back in prop market. We always buy during bull market n stop buying during the downturns lol. Somehow .
Now even me also buying at wrong time.
David_77
post Nov 6 2018, 11:25 PM

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QUOTE(kkk8787 @ Nov 6 2018, 11:17 PM)
Well will be comforting if I know this is not gonna be for next 10 years. My family have terrible track record since 20 39 years back in prop market. We always buy during bull market n stop buying during the downturns lol. Somehow .
Now even me also buying at wrong time.
*
Sorry to hear this. Try to learn more and some people here have good knowledge.
TS kkk8787
post Nov 6 2018, 11:27 PM

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QUOTE(David_77 @ Nov 6 2018, 11:25 PM)
Sorry to hear this. Try to learn more and some people here have good knowledge.
*
It's ok no worries. Ya. Going forward hopefully 2019 will see small increase in price
leodinouknow
post Nov 6 2018, 11:28 PM

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QUOTE(kkk8787 @ Nov 7 2018, 12:17 AM)
Well will be comforting if I know this is not gonna be for next 10 years. My family have terrible track record since 20 39 years back in prop market. We always buy during bull market n stop buying during the downturns lol. Somehow .
Now even me also buying at wrong time.
*
you and your family very good income.
TS kkk8787
post Nov 6 2018, 11:33 PM

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QUOTE(leodinouknow @ Nov 6 2018, 11:28 PM)
you and your family very good income.
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We r stingy on stuff, dun spend unnecessarily.
AgentVIDIC
post Nov 6 2018, 11:35 PM

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surely stagnant, some said crisis coming some said 2019 price will rise. I have no idea who's right and who's wrong, time will tell.
leodinouknow
post Nov 6 2018, 11:48 PM

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QUOTE(kkk8787 @ Nov 7 2018, 12:27 AM)
It's ok no worries. Ya. Going forward hopefully 2019 will see small increase in price
*
why dont you do some rental? rental while wait apreciate. yaya i hope 2019 increase too, i got few on hand too
TS kkk8787
post Nov 7 2018, 01:01 AM

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QUOTE(leodinouknow @ Nov 6 2018, 11:48 PM)
why dont you do some rental? rental while wait apreciate. yaya i hope 2019 increase too, i got few on hand too
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Ya renting it out.
icemanfx
post Nov 7 2018, 06:07 AM

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QUOTE(AgentVIDIC @ Nov 6 2018, 11:35 PM)
surely stagnant, some said crisis coming some said 2019 price will rise. I have no idea who's right and who's wrong, time will tell.
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Until overhang is reduced substantially, price is unlikely to rise, and overhang expected to rise in next few years.

Price stagnant mean losing out on loan interest or fd interest.

This post has been edited by icemanfx: Nov 7 2018, 06:12 AM
saikia2046
post Nov 7 2018, 06:12 AM

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as long as BNN still keep the loan tight, you can forget about making big money on properties. But of cause, you can renovate a bit and rent it out for better $$$
icemanfx
post Nov 7 2018, 06:15 AM

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QUOTE(saikia2046 @ Nov 7 2018, 06:12 AM)
as long as BNN still keep the loan tight, you can forget about making big money on properties. But of cause, you can renovate a bit and rent it out for better $$$
*
Kv property bull run 2012-2014 was a fallout of u.s qe, which is unlikely to reoccur in the foreseeable future. On the contrary, bank interest rate is on rising trend and liquidity is tightening.

Historically, residential price rise at about inflation rate. Due to exorbitant price rise 2011-2014, it will takes a number of years to return to long term price trend.


This post has been edited by icemanfx: Nov 7 2018, 06:35 AM
gld998
post Nov 7 2018, 07:57 AM

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QUOTE(kkk8787 @ Nov 6 2018, 10:55 PM)
Realise few of the property I bought 2 years back all stagnant in price. Or rather 4 years ago sorry  bought in 2014. Now 2018 see ppl selling same price still. Is this a normal occurrence nationwide. Last few years barely any appreciation
*
At least u not losing money. Some of my property actually drop in price.

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