QUOTE(Ayambetul @ Jul 2 2020, 01:24 AM)
lol, 3 years he is still holding bleeding 2k/monththat's like every weekend can go cheong
Regretted investment
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Jul 2 2020, 01:34 AM
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Junior Member
82 posts Joined: Feb 2008 From: Vladivostok |
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Jul 2 2020, 02:07 AM
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Junior Member
523 posts Joined: Jul 2013 |
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Jul 2 2020, 02:20 AM
Show posts by this member only | IPv6 | Post
#243
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Junior Member
48 posts Joined: Feb 2012 From: on my way to paradise |
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 |
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Jul 2 2020, 02:38 AM
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Senior Member
1,902 posts Joined: Sep 2012 |
QUOTE(grixis @ Jul 2 2020, 01:34 AM) but some say the house belongs to him... 30 years to goQUOTE(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. truly sorry to hear that...Cant sell it out yet since still under construction |
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Jul 2 2020, 04:42 AM
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Senior Member
1,296 posts Joined: Nov 2019 |
studio unit at remote area = gg
the demand is at least 2r2b or 3r2b |
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Jul 2 2020, 06:10 AM
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Senior Member
888 posts Joined: Mar 2011 |
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Jul 2 2020, 06:13 AM
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888 posts Joined: Mar 2011 |
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Jul 2 2020, 08:31 AM
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445 posts Joined: Aug 2018 |
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) Coronavirus crisis will be far worst.Better take advantage now too then alot of forummers will be multi millionaires aswell.. |
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Jul 2 2020, 08:32 AM
Show posts by this member only | IPv6 | Post
#249
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Junior Member
3 posts Joined: Apr 2020 |
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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Jul 2 2020, 08:49 AM
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Senior Member
1,803 posts Joined: Oct 2007 |
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 He bought few years back la. Way before the covidMost 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 |
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Jul 2 2020, 08:59 AM
Show posts by this member only | IPv6 | Post
#251
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Junior Member
132 posts Joined: Jun 2017 |
I already expected it is very slim hope to sell now, no issue to continue hold since this is freehold
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Jul 2 2020, 09:05 AM
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Senior Member
4,030 posts Joined: Apr 2010 From: Kuala Lumpur |
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
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Jul 2 2020, 09:10 AM
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Junior Member
974 posts Joined: Oct 2019 |
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.
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Jul 2 2020, 09:47 AM
Show posts by this member only | IPv6 | Post
#254
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Senior Member
1,043 posts Joined: Feb 2012 |
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Jul 2 2020, 09:49 AM
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Junior Member
718 posts Joined: Oct 2008 |
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Jul 3 2020, 11:21 AM
Show posts by this member only | IPv6 | Post
#256
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Senior Member
5,366 posts Joined: Aug 2005 |
QUOTE(Liamness @ Jul 1 2020, 09:37 AM) ?? you don't understand the property game.. this merely extends the loan tenure, 35 years is almost half of most people's life spanTS 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. 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 |
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Jul 3 2020, 11:25 AM
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Junior Member
925 posts Joined: Jul 2005 |
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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Jul 3 2020, 03:39 PM
Show posts by this member only | IPv6 | Post
#258
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Senior Member
2,546 posts Joined: Jan 2005 From: far far away... |
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... how many unit you hold? |
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Jul 3 2020, 03:45 PM
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Junior Member
66 posts Joined: Mar 2014 |
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... Tapi-kan, mostly are repeated posts 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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Jul 3 2020, 03:47 PM
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Junior Member
820 posts Joined: Aug 2006 |
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