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 Covid19 and MCO effect on properties, Q&A Session on the effects

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SongChiang
post May 14 2020, 03:11 PM

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doomsayer lol. if really that bad all the da ma da shu bankrupt d lo tongue.gif
to be fair , property overhang is not market crash, just that the construction growth exceed population growth. people still are able to eke out something from it depending on how you manage your property. there is still demand but its slow. if not every property after the bull run will be unoccupied.

but i think you're just a sadist for wishing second wave deals more damage than the first, you must be fun at parties.
SongChiang
post May 14 2020, 03:54 PM

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QUOTE(Bangala @ May 14 2020, 01:56 PM)
Sure meh property can make money? LOLS  tongue.gif
I can buy it at lower than S&P price, plus save on interest bearing & inflation!
Waiting for more negative effect to kick in, hopefully the revival of second wave and further MCO lockdown.
Ini kalilah
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if you are doubtful property can make money


QUOTE(Bangala @ May 14 2020, 03:45 PM)
Someone must have gotten burn badly laugh.gif
Haha after moratorium then see bankrupt or not lo, now holiday mood on stress what?  brows.gif
Property overhang + foreclosure + retrenchment/pay cut can people still afford it? Stricter lending due to low interest rate? Overstretch DSR/Multiple units? Airbnb units? SME's bankrupt?
Be pragmatic and and let domino effect do its work. Hopefully this will allow hard labor Bangala to have their first piece of cake at property too at the expense of optimistic investor biggrin.gif
Health DG: Second Wave Of Covid-19 Could Hit Malaysia Mid-June
https://www.therakyatpost.com/2020/05/13/he...aysia-mid-june/
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maybe try renting?
SongChiang
post May 15 2020, 09:59 AM

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QUOTE(icemanfx @ May 14 2020, 06:14 PM)
Wait until a few months after loan moratorium has ended then it will be more realistic for you comment about overhang, affordability, etc.

i am not a sadist but realistic. after the second wave hit, you will then find what is reality.
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the swimming naked thing?

 

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