Correct!

Cement, construction worker cost, steel, iron are going up to build new properties.

So property prices will not crash, the most is go stable.

This post has been edited by ericthai: Aug 17 2022, 08:51 AM

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

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

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

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

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

Yes, a lot of developers give poor quality material and poor workmanship.

After getting the money, they don't care. You pay maintenance fees loh

Most people don't know what inflation is. They think that they sell property at same price that they bought 10 years ago, they do not lose any money.

The truth is that they lost a lot of money because the currency cannot buy as much things now as in the past.

Last time, a plate of Hokkien mee is rm 5, now it is rm 9. (almost double).

Student canteen price now (left), price 5 years ago (right) in picture below



This post has been edited by ericthai: Aug 28 2022, 10:48 AM