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BNM Cut Rate Again But Not Benefit For New Loan, BNM Cut Rate Again But Not Benefit For N
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WahBiang
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May 10 2020, 08:22 PM
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QUOTE(propertyowner @ May 10 2020, 03:12 PM) best time to buy is always yesterday. it all fall back to the income level and job security. opr will drops to below 2% soon, will you buy at that time? Of cos.. That time I might take over ur biz and sell
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propertyowner
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May 10 2020, 08:28 PM
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QUOTE(WahBiang @ May 10 2020, 08:22 PM) Of cos.. That time I might take over ur biz and sell  I da gong zai only, no biz. Instead of buy biz suggest to buy prop 1st
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Zwean
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May 10 2020, 08:31 PM
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QUOTE(icemanfx @ May 10 2020, 08:06 PM) Bangkok population is much larger, have many more professionals than kl. those expensive property along sukhumvit you read are mostly for farang, and farang preferred thailand than bolehland. thai won't buy kl property because it is cheaper than bkk. and you conveniently ignore first batch of china investors in kl are still below water. Never mind. You’re missing the point again.
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eric3417
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May 10 2020, 09:26 PM
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Getting Started

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Challenging times for property market next.
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WahBiang
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May 10 2020, 09:42 PM
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QUOTE(propertyowner @ May 10 2020, 08:28 PM) I da gong zai only, no biz. Instead of buy biz suggest to buy prop 1st i see, work harder earn money yaaa.. maybe 1 day u can buy a prop...
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propertyowner
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May 10 2020, 09:44 PM
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QUOTE(WahBiang @ May 10 2020, 09:42 PM) i see, work harder earn money yaaa.. maybe 1 day u can buy a prop... 1 day? Edi bot many in many yesterdaysss
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WahBiang
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May 10 2020, 09:57 PM
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QUOTE(propertyowner @ May 10 2020, 09:44 PM) 1 day? Edi bot many in many yesterdaysss ohh, is it handcrafted? nice, get more... I need to work harder for the 4th prop then...
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propertyowner
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May 11 2020, 02:20 AM
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QUOTE(WahBiang @ May 10 2020, 09:57 PM) ohh, is it handcrafted? nice, get more... I need to work harder for the 4th prop then... no need work harder.. maybe 1 day is enuf to make the decision
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Giant
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May 11 2020, 12:40 PM
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foreign banks still no news ?
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flight
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May 12 2020, 08:38 AM
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QUOTE(ManutdGiggs @ May 6 2020, 10:53 AM) US got hit badly by subprime when malai props was preparing to fly 😊 It's not entirely apple to apple comparison but it somehow related. Just the effect differ. A silly comparison. Superman can fly n captain America kenot fly but both saved the world. Soli ya cmco tokok a bit. Unker, u being brainwashed.
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flight
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May 12 2020, 08:39 AM
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Double post
This post has been edited by flight: May 12 2020, 08:40 AM
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ManutdGiggs
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May 12 2020, 09:58 AM
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QUOTE(flight @ May 12 2020, 08:38 AM) Unker, u being brainwashed. Watch too much movies during MCO 😂
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icemanfx
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May 12 2020, 08:06 PM
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The so-called liquidity trap, when monetary policy loses its traction as interest rates get close to zero, has plagued rich countries for years. Nobel-Prize winning economist Paul Krugman says it has now spread to some emerging markets as well. https://www.bloomberg.com/news/articles/202...a&sref=bZ8VXc8UZwean is boleh land moving into liquidity trap? why boleh land liquidity trap will not set off a deflationary spiral? Why property overhang will not lead deflation spiral? This post has been edited by icemanfx: May 13 2020, 04:45 AM
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icemanfx
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May 12 2020, 11:40 PM
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Emerging markets entered the current downturn with lower rates than in past recessions, leaving them with a diminished ability to prop up their economies, Nobel-winning economist Paul Krugman told Bloomberg on Friday. Such nations now face a liquidity trap, where interest rates sit at the floor and monetary easing loses its relief effect. While developed countries can borrow trillions of dollars for economic aid, emerging markets aren’t as able to counterbalance monetary easing with fiscal stimulus, Krugman warned. By entering the current slump with low rates and smaller debt balances, developing nations “managed to make themselves vulnerable to first-world kinds of problems,” the economist added. https://www.businessinsider.my/emerging-mar...-krugman-2020-5zack.gap is boleh land falling into liquidity trap? will liquidity trap set off a deflationary spiral? Will over hang in property market lead the deflation spiral? This post has been edited by icemanfx: May 13 2020, 04:44 AM
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daidragon12
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May 13 2020, 06:56 AM
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Getting Started

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QUOTE(blanket84 @ May 7 2020, 12:29 AM) I seldom posted in this section of LYN, but to answer you question, yes, you can easily find a good deal today compared to 2016 & 2018. I have been monitoring the price of landed property in the area I’m staying now (Shah Alam) since 2015, and from my own price monitoring, the landed property in Shah Alam peaked in 2016. I just bought my first house (and probably last because I bought for my own stay) last year at 720k. It is a double storey house with 2300sqft built up with land size of 22x75, newly completed (I bought one of the final few units 1 months before VP). As comparison, the houses in that area with land size of 22x75 with built up of 2000sqft was selling at 750k in 2016, with lower quality finishing. The same type unit was last transacted at 580k in 2019, but still the owner made a hefty profit considering it was sold by developer at 320k in 2010. But he made a paper loss of almost 170k as compared to if he were to sell his house in 2016. Currently the asking price is around 630-650k, but most likely you can still lowball the seller to 600k. So yeah, you can pretty much find a good deal today compared to 2016. But my findings are just limited to Shah Alam. If possible, may i know the location? Around Denai Alam or towards Seksyen 7? I will be 35 yo this year, household income ~17k. No child. Total loan amounted to 1m (3 houses, 2 HP). My dream house is ~700k too, but at current economic climate quite scared to take new loan 😅
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blanket84
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May 13 2020, 09:13 AM
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QUOTE(daidragon12 @ May 13 2020, 06:56 AM) If possible, may i know the location? Around Denai Alam or towards Seksyen 7? I will be 35 yo this year, household income ~17k. No child. Total loan amounted to 1m (3 houses, 2 HP). My dream house is ~700k too, but at current economic climate quite scared to take new loan 😅 With your income you can easily afford a 700k house if you want, you can dispose some of your other houses if you want to be safe. Location is Seksyen U12. It’s more towards real Shah Alam not some some far far away places with Shah Alam address.
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AskarPerang
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May 20 2020, 08:25 PM
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icemanfx
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May 20 2020, 08:33 PM
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QUOTE(AskarPerang @ May 20 2020, 08:25 PM) Further opr cut mean previous cuts wasn't sufficient, could mean falling into liquidity trap. This post has been edited by icemanfx: May 20 2020, 08:40 PM
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Ekash
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May 31 2020, 01:02 AM
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Getting Started

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QUOTE(icemanfx @ May 20 2020, 08:33 PM) Further opr cut mean previous cuts wasn't sufficient, could mean falling into liquidity trap. Will drop? Or to hold for few months? https://www.theedgemarkets.com/article/furt...abour-drop-marc
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icemanfx
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May 31 2020, 11:45 AM
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QUOTE(Ekash @ May 31 2020, 01:02 AM) Instead of moving liquidity into productive investment, big portion of liquidity has gone into bursa as typical malaysian would for fast and free money. When bursa crash, the country will likely or almost certain falls into liquidity trap. This post has been edited by icemanfx: May 31 2020, 12:34 PM
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