Regretted investment
Regretted investment
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Jul 1 2020, 03:48 PM
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Senior Member
4,998 posts Joined: Dec 2010 |
Follow Liamsese. rent > monthly payments Refinance again and again Like US treasury bonds asuka16 liked this post
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Jul 1 2020, 04:05 PM
Show posts by this member only | IPv6 | Post
#102
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Junior Member
132 posts Joined: Jun 2017 |
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
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Jul 1 2020, 04:10 PM
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Junior Member
532 posts Joined: Jan 2019 |
Beli condo in PUCHONG to flip?
Bodoh ke apa |
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Jul 1 2020, 04:11 PM
Show posts by this member only | IPv6 | Post
#104
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Newbie
46 posts Joined: Feb 2019 |
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 Dont stress yourself...in life there is ups and downs. You will overcome this sooner or later. |
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Jul 1 2020, 04:11 PM
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Senior Member
1,072 posts Joined: Jun 2018 |
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Jul 1 2020, 04:12 PM
Show posts by this member only | IPv6 | Post
#106
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Junior Member
53 posts Joined: May 2015 |
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... Sell at bigger loss, sure you will get buyer |
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Jul 1 2020, 04:13 PM
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Newbie
6 posts Joined: Apr 2009 |
HODL
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Jul 1 2020, 04:16 PM
Show posts by this member only | IPv6 | Post
#108
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Junior Member
110 posts Joined: Nov 2007 |
BBBUUU hold 30 years sure profit
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Jul 1 2020, 04:56 PM
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Senior Member
1,321 posts Joined: Jun 2019 |
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. |
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Jul 1 2020, 05:00 PM
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Senior Member
2,210 posts Joined: Jan 2018 |
Cyberjaya?
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Jul 1 2020, 05:06 PM
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Senior Member
1,902 posts Joined: Sep 2012 |
QUOTE(DukeHyou @ Jul 1 2020, 09:17 AM) in another 10 20 years no youth will be able to buy condo anymore. 15 years not 15 months 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 mampuih lah |
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Jul 1 2020, 05:11 PM
Show posts by this member only | IPv6 | Post
#112
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Junior Member
156 posts Joined: Sep 2019 |
QUOTE(Liamness @ Jul 1 2020, 09:37 AM) ?? you don't understand the property game.. 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.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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Jul 1 2020, 05:13 PM
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Senior Member
1,902 posts Joined: Sep 2012 |
QUOTE(Matchy @ Jul 1 2020, 04:56 PM) If you bought early 2010s, then you gained a lot. (My colleague's house appreciated 2x) if you bought early 2000s you should get 3X alreadyAfter that, its already stagnant... and now oversupply (RUMAHWIP, PRIMA, etc) and many campaign (HOC), so it is much harder to subsell. from rm190K+ to rm720K before covid. normal terrace house 2 storey 22x75 ![]() 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 |
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Jul 1 2020, 05:14 PM
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Senior Member
1,902 posts Joined: Sep 2012 |
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Jul 1 2020, 05:15 PM
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Junior Member
820 posts Joined: Aug 2006 |
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Jul 1 2020, 05:15 PM
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Senior Member
1,902 posts Joined: Sep 2012 |
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Jul 1 2020, 05:16 PM
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Senior Member
1,902 posts Joined: Sep 2012 |
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Jul 1 2020, 05:19 PM
Show posts by this member only | IPv6 | Post
#118
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Senior Member
1,014 posts Joined: Jun 2011 |
Luckily I sold my terrace back in December and got my money during MCO, profit 330k 😎
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Jul 1 2020, 05:24 PM
Show posts by this member only | IPv6 | Post
#119
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Senior Member
811 posts Joined: May 2013 |
QUOTE(DukeHyou @ Jul 1 2020, 09:17 AM) in another 10 20 years no youth will be able to buy condo anymore. 2 years later rempit escaping from police terlanggar TS. x sempat ++net worth RIP.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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Jul 1 2020, 05:27 PM
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Junior Member
127 posts Joined: Oct 2011 |
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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