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 Regretted investment

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grixis
post Jul 2 2020, 01:34 AM

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QUOTE(Ayambetul @ Jul 2 2020, 01:24 AM)
Kecian

Epic condo, now ts epic giler
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lol, 3 years he is still holding bleeding 2k/month
that's like every weekend can go cheong
tripleA+
post Jul 2 2020, 02:07 AM

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QUOTE(Bora Prisoner @ Jul 1 2020, 04:10 PM)
Beli condo in PUCHONG to flip?

Bodoh ke apa
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The sales agent very convincing promising moon and sun. My surgeon brother in law bought two units next to Icity now bleeding ..
cuteyman
post Jul 2 2020, 02:20 AM

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Talking about regret, I started to feel regret buying this xxx condo (promised to be good in airbnb) and projected to bleed also soon.

Cant sell it out yet since still under construction doh.gif
JimbeamofNRT
post Jul 2 2020, 02:38 AM

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QUOTE(grixis @ Jul 2 2020, 01:34 AM)
lol, 3 years he is still holding bleeding 2k/month
that's like every weekend can go cheong
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but some say the house belongs to him... 30 years to go


QUOTE(cuteyman @ Jul 2 2020, 02:20 AM)
Talking about regret, I started to feel regret buying this xxx condo (promised to be good in airbnb) and projected to bleed also soon.

Cant sell it out yet since still under construction  doh.gif
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truly sorry to hear that...

cy91
post Jul 2 2020, 04:42 AM

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studio unit at remote area = gg

the demand is at least 2r2b or 3r2b
MEngineer
post Jul 2 2020, 06:10 AM

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QUOTE(Unstability @ Jul 1 2020, 10:34 PM)
I took a look at iproperty for kinrara and corner lot also at most RM1.8 mil la. Good luck with getting rm2.5 mil at the current situation.
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Must pay attention to the size of the house.
MEngineer
post Jul 2 2020, 06:13 AM

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QUOTE(blanket84 @ Jul 1 2020, 10:49 PM)
2.5mill can buy 2 semi-Ds in new development outside puchong sweat.gif
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Location always makes the price go up ma. MYR2.5mil I can buy 3 in Seremban hehehe.
SUSLiamness
post Jul 2 2020, 08:31 AM

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QUOTE(tripleA+ @ Jul 2 2020, 12:40 AM)
Only a handful can time the mkt.. During financially crisis late 90s and 2007-2009 many were fearful/terrified and only few were bold to jump into the market be in stock market /properties.. and of course by now there are multiple millionaires(including some forummers active /nonactive)
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Coronavirus crisis will be far worst.

Better take advantage now too then alot of forummers will be multi millionaires aswell..
JK90
post Jul 2 2020, 08:32 AM

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In this time and age, making property as investment is a wrong move, same goes for vehicle, as side income bolehlah
SUSkevin23
post Jul 2 2020, 08:49 AM

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QUOTE(JK90 @ Jul 2 2020, 08:32 AM)
In this time and age, making property as investment is a wrong move, same goes for vehicle, as side income bolehlah
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He bought few years back la. Way before the covid

Most of the rich ppl i know made their fortune from property . You can hardly go wrong with property investment but the main thing is knowing where to buy and how much to buy.

Never ever buy property based on price. It has to be the right property even though its more expensive.

This post has been edited by kevin23: Jul 2 2020, 08:50 AM
SUShioniq
post Jul 2 2020, 08:59 AM

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I already expected it is very slim hope to sell now, no issue to continue hold since this is freehold
ayamxxx
post Jul 2 2020, 09:05 AM

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rent it out. that the only way on the current economy. sell the unit will be at lost. just lucky all my prop still with a tenant
SUSCmyong88
post Jul 2 2020, 09:10 AM

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What kind of condo cost less than 200k? In puchong no less. PM me if really is condo and not some 1 room studio shit hole.
JungWoo
post Jul 2 2020, 09:47 AM

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QUOTE(Daylight2018 @ Jul 1 2020, 10:50 PM)
Not an EPIC investment afterall
Hehe
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oh that place. banyak pak hitam at the shop lots below the condo there. btw studio size nia but need 2k a month is kek. really 'premium' place
blek
post Jul 2 2020, 09:49 AM

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QUOTE(MEngineer @ Jul 2 2020, 06:10 AM)
Must pay attention to the size of the house.
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How much is bk5 now ar?
dattebayo
post Jul 3 2020, 11:21 AM

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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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this merely extends the loan tenure, 35 years is almost half of most people's life span

to refinance it means you are going to extend it way beyond your retirement age, where banks may not simply approve if you are approaching 40s and older

This post has been edited by dattebayo: Jul 3 2020, 11:21 AM
soul78
post Jul 3 2020, 11:25 AM

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the fist 100 pages of property listing in iproperties i checked the other day is all from 1-2 days ago only. That shows how much of properties are flooding the market in recent days... too bad iproperty couldnt allow us to view pass 100 pages.. i'm sure it's more than that now...

It's definitely going downhill fast, cukur flippers are gonna flip in water and price of properties are gonna be back to normal by end of next year.

nelienuxe_sara
post Jul 3 2020, 03:39 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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how many unit you hold?
leeaunc
post Jul 3 2020, 03:45 PM

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QUOTE(soul78 @ Jul 3 2020, 11:25 AM)
the fist 100 pages of property listing in iproperties i checked the other day is all from 1-2 days ago only. That shows how much of properties are flooding the market in recent days... too bad iproperty couldnt allow us to view pass 100 pages.. i'm sure it's more than that now...

It's definitely going downhill fast, cukur flippers are gonna flip in water and price of properties are gonna be back to normal by end of next year.
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Tapi-kan, mostly are repeated posts console.gif
coyouth
post Jul 3 2020, 03:47 PM

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QUOTE(tripleA+ @ Jul 2 2020, 02:07 AM)
The sales agent  very convincing promising moon and sun. My surgeon brother in law bought two units next to Icity now bleeding ..
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every salesperson's dream is to be able to sell like this agent. selling 2 units just by talking.

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