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 Will you think the property market will fall soon?, will the landed property fall in 2024?

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SUSForgotPassword
post Oct 29 2022, 08:14 PM

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QUOTE(elimi8z @ Oct 29 2022, 08:11 PM)
Inflation 4.7 something %, friend mortgage interest only 3.8%, he beat inflation already
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You very funny. Inflation 4.7% does not mean property price goes up 4.7%.
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post Oct 30 2022, 09:05 PM

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QUOTE(contagiouseddie @ Oct 30 2022, 07:13 PM)
I think money making from property has passed in Malaysia. I bought my Setia Alam unit for 400K in 2008. It is currently rated around 900-950K. New launches by SP Setia is around that price but a lot smaller and not gated too. The increment of the property price is not that steep anymore to the point it cannot cover the miscellaneous fees that some of you have pointed out here for new property. But this doesn't mean price will drop, it will only increase in a smaller gradient. Unless you buy a unit at some ulu unknown area that suddenly become big in the near future (just like Setia Alam as example in 2004), chances that such huge increment hardly can happen. The demand is there as I get plenty of of inquiry from agent to sell all the time but not sure if this hold true for high rise.
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Chicken rice in 2008 is around RM4. Now coming RM8, also double up already.

So in real terms, properties didn't really appreciate that much more than inflation...
SUSForgotPassword
post Oct 31 2022, 09:31 PM

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QUOTE(elimi8z @ Oct 30 2022, 09:12 PM)
But he now untung 400k from a 40k investment, your savings and investment got give same returns within the same timeline?
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My bitcoin from 3k usd up to 64k at its peak within 1 year.

Now drop a bit already buy im still 7x up.

You help me calculate?
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post Oct 31 2022, 10:06 PM

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QUOTE(elimi8z @ Oct 31 2022, 09:54 PM)
Good for you.

How many times a day you check the charts and your coin wallet? 😂 Still staying with parents or every year have to nego with owners on rental rate? Since your investment so liquid, no happily go holiday on a moment's notice? No be digital nomad? 😂
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Once every 2-3 days.

Staying in landed house. Boughted before pandemic and got a good deal doing reno during pandemic coz contractors are out of jobs.

Nope, I have a demanding full time job.

Digital nomads… not the kind of life I want.

 

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