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Buying a property in 2023, Please advise and discuss!
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Cavatzu
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Jan 2 2023, 07:13 PM
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This is a reminder to everyone as to how weak the current market is beyond aspirational properties in areas people would like to upgrade to. You will most likely lose money unless you live in it or find some other utility so don’t call it an investment, it is a privilege.
It will become a more utilitarian form of investment or purchase where you buy what suits you at a given time if you can sell off your heavy bags.
This post has been edited by Cavatzu: Jan 2 2023, 07:40 PM
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Cavatzu
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Jan 3 2023, 08:33 AM
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But so many list at their SPA price and hope against hope that someone will take it. There are certain locales where they have been devalued from their SPA price by up to 50% or even more. People hopefully are wary of this.
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Cavatzu
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Jan 3 2023, 09:54 AM
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QUOTE(mini orchard @ Jan 3 2023, 09:45 AM) During my early days in KL, I lived in Cheras. Never like the place and couldnt see myself rooting there. So decided to shift to a new locations which is much further from my working place. Initially, it was difficult trying to settle down but soon things were back to normal. Got a new job nearer my new home and the rest was history. Never regretted the move and most important, the property prices also appreciated. Conclusion ... is easier to change job than to change a property. As human, we are mobile and flexible, so moving around is no issue. Those migrated are good examples. People who bought in some place like Cyberjaya at the time when there were a few MNCs there are a good lesson.
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Cavatzu
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Oct 8 2023, 03:45 PM
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QUOTE(Aldo-Kirosu @ Oct 8 2023, 02:49 PM) Buying property, location location location When people buying a property, should location be priority at now a day? I ever saw funny property seeker post (some thing like memes page) Budget: RM500K requirement: 1. Double Storey house 2. New Project (0% downpayment) 3. Puchong Subang PJ area 4. Must be freehold If you are with this situation, how do you do? 1. swift to condo project? 2. swift to outskirt landed? as far the area can get freehold (seremban), or nearer but leasehold (kota wariasan salak tinggi) Price, location, size (landed vs high rise). Pick 2 out of 3. This post has been edited by Cavatzu: Oct 8 2023, 03:45 PM
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Cavatzu
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Oct 8 2023, 04:41 PM
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QUOTE(Angellynx @ Oct 8 2023, 04:25 PM) TBH I think this kind of guy is those lazy kind of low baller. Never put in any effort to do market research, just want people to spoon-feed info. In the end if you spoon-fed him with info, end up he buy and lose money also your fault  Sounds like your typical Gen Z a few years into the work force who has lived in landed all their life with parents and have no idea about the real world. Now it’s time for them to move out and they reckon with their affordability that they can get something similar to what they are used to. Well let them have their rude shock or ignorantly buying in some ulu location.
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Cavatzu
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Oct 8 2023, 06:22 PM
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QUOTE(Angellynx @ Oct 8 2023, 05:00 PM) For the latter mentioned will then suffer from daily commute but at least they learned the lesson. But some asked for PAMA foundation some more wanna brag I’m so scared of those who take things as granted until they faced the real world and thought the world is “unfair” to them, then lash it out on the social media to ask for sympathy  To be fair, many of them who are not streetwise have parents and relatives chirping in their ear to get landed so it becomes a core belief. Young people overseas are doing onlyfans to get into the property market so maybe there can be a guru for that. This post has been edited by Cavatzu: Oct 8 2023, 06:23 PM
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Cavatzu
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Oct 9 2023, 01:27 PM
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QUOTE(forever1979 @ Oct 9 2023, 01:00 PM) if u guys notices the posts by AskarPerang on auction properties, quite many units are bidded up and transacted price will shock you... i always seen auction properties price movement is a good indicator for our property market and also reflect buyers' appetite. As the Lelong price approaches subsale levels, then that’s healthy and it means that subsale market is validated. If the Lelong price is way below subsale then that’s the concern and warrants further investigation. But auction process is also subject to manipulation and emotional buying so look for a pattern before concluding anything. This post has been edited by Cavatzu: Oct 9 2023, 01:29 PM
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