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 Regretted investment

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SUSNew Klang
post Jul 1 2020, 03:48 PM

Look at all my stars!!
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Follow Liamsese.

rent > monthly payments

Refinance again and again

Like US treasury bonds


SUShioniq
post Jul 1 2020, 04:05 PM

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If you place 30k down payment to me I will reveal full details to you, else if you just busybody then don't ask too much
SUSBora Prisoner
post Jul 1 2020, 04:10 PM

On my way
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Beli condo in PUCHONG to flip?

Bodoh ke apa

Bendot
post Jul 1 2020, 04:11 PM

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QUOTE(hioniq @ Jul 1 2020, 02:21 PM)
Some are right, developer still got many units unsold. Is bad luck as that time I in many projects always fully sold out on the 1st day launch and some even hv to ballot. So I was quite happy that time able to secure one unit. Mana tau just right after that property market downtrend and overhang everywhere. Let s pray got someone takeover my condo, I already admitted sure loss on this one and just dump it to reduce the stress
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Dont stress yourself...in life there is ups and downs. You will overcome this sooner or later.

Syie9^_^
post Jul 1 2020, 04:11 PM

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QUOTE(Bora Prisoner @ Jul 1 2020, 05:40 PM)
Beli condo in PUCHONG to flip?

Bodoh ke apa
*
puchong can flip? blink.gif blink.gif
Divou
post Jul 1 2020, 04:12 PM

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QUOTE(hioniq @ Jul 1 2020, 08:55 AM)
Bought new condo in puchong with 5% rebate, served loan 5 years average 2k / M plus maintenance. Now bad timing so wanna sell but the condo price depreciated. Damn, now already told some agents help to sell with loss, but till date no buyer at all and many units waiting for sell too... Habislah I...
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Sell at bigger loss, sure you will get buyer
khaimitoban
post Jul 1 2020, 04:13 PM

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HODL
gordonchin
post Jul 1 2020, 04:16 PM

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BBBUUU hold 30 years sure profit
Matchy
post Jul 1 2020, 04:56 PM

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If you bought early 2010s, then you gained a lot. (My colleague's house appreciated 2x)

After that, its already stagnant... and now oversupply (RUMAHWIP, PRIMA, etc) and many campaign (HOC), so it is much harder to subsell.
Yggdrasil
post Jul 1 2020, 05:00 PM

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Cyberjaya?
JimbeamofNRT
post Jul 1 2020, 05:06 PM

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QUOTE(DukeHyou @ Jul 1 2020, 09:17 AM)
in another 10 20 years no youth will be able to buy condo anymore.
it will become a renters market. stay strong TS, hold for another 15 years you will suddenly ++net worth overnight.

unless more lands are opened for condo/residency la.. which will definitely happen. Just look at our empty landmass in malaysia lol
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15 years not 15 months cool2.gif

mampuih lah
Glue Lu
post Jul 1 2020, 05:11 PM

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QUOTE(Liamness @ Jul 1 2020, 09:37 AM)
?? you don't understand the property game..

TS already been paying his outstanding loan for 5 years already.. if the condo was 500k, & he took a 450k loan, in 5 years, the loan outstanding balance is now 340k.. it is reducing..

around 5 years, you should look to refinance to lessen the monthly commitment.. That means TS takes up a fresh 340k loan on the outstanding balance for another 35 years.. So your monthly repayment will also be lesser..

That is how you can reduce your monthly commitment, meanwhile, rental prices generally hover around the same spot. So TS can take advantage of this by renting the unit out at market rate.. Which should definitely be more than his monthly loan repayment...

Do you understand now?.. Unless you are buying the condo at 70% loan, no way you can fight TS monthly commitment after refinancing.. Because his loan is much more lesser than yours.
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but bare in mind that, the instalment during that 5 years, large portion go to interest not principal. yes if ts refinance and rent it out. but if ts is for own stay? it just extend the pain.
JimbeamofNRT
post Jul 1 2020, 05:13 PM

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QUOTE(Matchy @ Jul 1 2020, 04:56 PM)
If you bought early 2010s, then you gained a lot. (My colleague's house appreciated 2x)

After that, its already stagnant... and now oversupply (RUMAHWIP, PRIMA, etc) and many campaign (HOC), so it is much harder to subsell.
*
if you bought early 2000s you should get 3X already

from rm190K+ to rm720K before covid. normal terrace house 2 storey 22x75

user posted image




but at this current economy climate wanna dump at rm450K also ,dunno whether can get genuine buyer or not

https://www.iproperty.com.my/sale/putra-hei...maxPrice=600000
JimbeamofNRT
post Jul 1 2020, 05:14 PM

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QUOTE(hioniq @ Jul 1 2020, 04:05 PM)
If you place 30k down payment to me I will reveal full details to you, else if you just busybody then don't ask too much
*
which taman is this bro?


coyouth
post Jul 1 2020, 05:15 PM

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QUOTE(gordonchin @ Jul 1 2020, 04:16 PM)
BBBUUU hold 30 years sure profit
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what's BBBUUU ?
JimbeamofNRT
post Jul 1 2020, 05:15 PM

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QUOTE(Syie9^_^ @ Jul 1 2020, 04:11 PM)
puchong can flip? blink.gif  blink.gif
*
THIS

user posted image

cool2.gif
JimbeamofNRT
post Jul 1 2020, 05:16 PM

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QUOTE(coyouth @ Jul 1 2020, 05:15 PM)
what's BBBUUU ?
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bye bye bye up up up
kkkw80
post Jul 1 2020, 05:19 PM

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Luckily I sold my terrace back in December and got my money during MCO, profit 330k 😎
party
post Jul 1 2020, 05:24 PM

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QUOTE(DukeHyou @ Jul 1 2020, 09:17 AM)
in another 10 20 years no youth will be able to buy condo anymore.
it will become a renters market. stay strong TS, hold for another 15 years you will suddenly ++net worth overnight.

unless more lands are opened for condo/residency la.. which will definitely happen. Just look at our empty landmass in malaysia lol
*
2 years later rempit escaping from police terlanggar TS. x sempat ++net worth RIP.
SinzChan
post Jul 1 2020, 05:27 PM

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QUOTE(hioniq @ Jul 1 2020, 08:55 AM)
Bought new condo in puchong with 5% rebate, served loan 5 years average 2k / M plus maintenance. Now bad timing so wanna sell but the condo price depreciated. Damn, now already told some agents help to sell with loss, but till date no buyer at all and many units waiting for sell too... Habislah I...
*
dai sei

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