Bitcoin is gambling on non tangible things which is digital. It's not real so you can't compare. It's just like gambling at Genting Highlands, you know you will lose a lot of money so if you want to take high risk, then only gamble.

Are you willing to sell your things at a loss? Taking into account the inflation rate?

Last time can get a bowl of noodle for rm 4, now it's double at rm 8.

So selling at original price that we bought 10 years ago taking into inflation of 100% is taking a loss.

Talk is easy but doing is difficult. Try selling your things at a loss and tell me later.

This post has been edited by ericthai: Aug 19 2022, 10:10 PM

Yes, many of these property agents are very dishonest and irresponsible.

That's why I filter a lot of these unethical property agents to sell my property.

This post has been edited by ericthai: Aug 19 2022, 10:09 PM

People sell at a loss all the time to free up cash for more urgent things like paying for the mortgage of your main home, medical emergencies, or daily bills after losing your iob in a recession. What are you talking about?

The title is property market. Not some personal seller. So the sample target must be large.

According to the data of Valuation and Property Services Department (JPPH, 2015, housing price has increased
about 45% in the past 10 years.

KUALA LUMPUR: The Malaysian House Price Index recorded a -2% on-quarter reduction in the first quarter of the year (Q1 2022), according to the latest market snapshot by the National Property Information Centre (Napic).

The negative growth rate in prices represented a -0.1% on-year change compared with the first quarter of 2021.

Median house prices, however, reached RM433,430 this quarter, a 96.9% growth since the base year price of RM220,154 in Q1 2010.

Only high-rise properties showed positive change in average prices, growing 0.1% on-quarter to RM342,176.

The average price of terrace houses dipped by 2.2% to RM410,527, while semi-detached homes dropped 2.6% to RM660,636.

Detached home prices recorded the biggest dip of the property types listed. Median prices fell by 4.1% to RM617,678.

So only dipped a little bit due to covid, and still expensive.

This post has been edited by Accord2018: Aug 19 2022, 11:55 PM

The guy was saying people never sell things at a loss. Clearly he's never been on carousel or lowyat garage sales.

Dip is still a dip. Depends when u bought. In any case 45% over 10 years is a very mediocre investment. Buy to stay diff matter. As investment? Wasting money and effort including maintenance, tenants, quit rent, loan interest etc.

That one is as a whole that's why 45% only. If you look at Klang valley alone, it could be more ya. The dip is only due to covid. Another 2-3 years will increase back. Have to see long-term, not short-term. If want short term can play stock or casino. Btw you wait for 2032 and compare the price again.

Don't forget the house is almost a zero-risk investment, unless you made the creator angry and caused a massive flood like in Sri Muda, then there is no choice.

Crypto, stock and casinos are high-risk activities, so the return is more.

This post has been edited by Accord2018: Aug 21 2022, 10:20 AM

I am talking about your silly comparison of using a bitcoin which is just gambling to compare with the price of a house.

A house is essential for people to live in, bitcoin is not essential (it's for rich people to gamble).

A house will not drop much because it's essential , inflation rate is high now so it's silly to drop so much.

Unless you have many houses and can afford to lose money, people usually do not want to sell their house at a loss (taking into account the inflation rate).



This post has been edited by ericthai: Aug 21 2022, 10:08 AM

In life, sometimes it's not up to us whether we want or not. People can sell their only house at a loss due to many reasons. I'm sure you can think of a few reasons.

As the Chinese saying goes, "if got hair, who wants to be botak?".

People who sell houses at a loss is a minority and not the majority.

As long as the majority don't want to sell at a loss, the price of houses will stay stable due to increasing inflation and higher cost of building a new house.

Just because 1% sell at a loss, it will not affect the overall market price.



This post has been edited by ericthai: Aug 21 2022, 10:42 AM

Now you say minority when you implied nobody does that unless they have many houses.

It's silly to say 1% vs 99% as if the whole property market is uniform. When you have someone (or two) selling his house below market price in that area, it will drag down the asking price of the rest.

I did not imply nobody, so stop putting words in my mouth!

I said usually most people do not want to sell at a loss especially when houses are essential unlike Bitcoin or stock.

If one person sell at below market rate, if the other sellers maintain the price and there is demand, how will it drag the asking price? lol

If the price of all houses drop, it's the fault of the government and the banks who cannot control the economy.

Look at Singapore, did the price of house drop there? Did the Singapore currency drop as drastically as in Malaysian ringgit?

So we know who to vote for this coming election.

Stop talking nonsense, I will not answer you anymore and put you in my ignore list.

This post has been edited by ericthai: Aug 21 2022, 10:42 AM

As I said, not everyone can avoid selling house at a loss. As long as someone sells a house below market price, the market value will fall.

If one is desperate to let go (refer to my point about being botak), he will have to lower his asking price. And the vicious cycle continues.

Of course in Fantasyland, nobody is desperate to sell his house so the price won't fall. Are you living in Fantasyland?

Reno costs so expensive.
People rather get new house for peace of mind and cost savings.

New house also need reno, unless you buy those projects including renovation, but in the end the reno cost included in the purchase price.

It's untrue. If only a small fraction is selling below market price due to emergency circumstances the market value wouldn't fall. The reason I'm saying this is because I am in property line for 10 years, I have seen property being sold below mv for 10percentile and the property next to it is sold at mv 2 months later.

New house has no lightings, no kitchen cement top, no curtains so also has to do renovation which is not cheap.

Old house most of the things so run down/broken, you also need to change most of the things

Try those old leasehold units lol. See how much it can drop during bad times.

Dude, you missed the boat during 2008 property dip, that day during mco some property developers give higher discounts on existing unsold units. I don’t think there will be huge dip in property prices especially with so many shortages around the world, expect everything to increase

Can see flood prone area, have big discount.

i think it wont falls, it would stay stagnant in the worst case, then at the end come out.

but of course, for speculator/investor, there is still loss of maintenance, rental not able to cover instalmment/interest etc.