+1.
if one hasn't experienced this, one has no idea. esp 1st time buyer, esp for high rise.
pay a hefty premium onli to know it was peak, price may stay flat for >10 years.

from the last few posts, it looks like there just as many "survival of the fittest" as those with deeper compassion.

which probably explains the non-stop greed at the top of the privileged and powerful.

as the struggle becomes more like haves vs have-nots, one thing is sure - for most, the world is not becoming a better place to live.

can't agree more.

yet, there are many saying cheap homes easy to find, just look harder... lots of people can afiord mil rm homes... life is such.

surely nobdody is an angel and not that one individual can do anything about it, but if the awareness and sensibility is not even there, a lot people will suffer.

they say when the wind blows, one should not exhaust it, leave some for others behind you.

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Added on January 3, 2011, 10:49 am
when one does that, it is usually in a diff area, diff variables.
another thing is one may need to sell a in order to regain the borrowing capacity to buy b.

This post has been edited by AVFAN: Jan 3 2011, 10:59 AM

diff area, many things diff - infra, amenities, schools, developers, town councils, demograhics, residents profile, wealth, etc.
some high end, some low end, all types. better developed areas lead, others lag.
in general, we have seen gorengers move from badly goreng-ed areas to yet-be-gorenged ones in the last 2 yrs.
check the other threads or other prop forums - puchong, kota damansara, selayang were favorites until price too high.
flippers now going after deep south cheras, kajang, sg buluh, klang...
once so-so or poor locations at "low" price now suddenly becomes "not bad" and therefore targets.
situation is not just due to gorengers; together with developers and banks, a trinity, feeding off each other.
buying a home now has become a nightmare on top of fast rising prices of food and transport.
it's not going to get any easier for the young generation w/o silver spoon in the mouth.

This post has been edited by AVFAN: Jan 3 2011, 04:14 PM

sickening, isn't it? all that bs about inflation, prices still lower than sg, hk, tokyo...

the truth is this round of prop price hike - all gravy for certain groups. small time speculators are not the ones making the real killing. you know who made the big killings...

majority pay la... as usual.

This post has been edited by AVFAN: Jan 6 2011, 07:35 PM

well said.

today, we actually see the same thing in various places. no shortage of such "promised" lands.

only diff is now a lot of hype and hope put on lrt-mrt.... and much lovelier artists impressions of malls and pretty faces holding shopping bags.

we need to look at this part in the right context.

maybe right in principle, but at this time when prop prices are stretched high and household debt are at unseen levels, i am not so sure buying a new prop now has less downside risk than stocks.

for the investor, which one do you think has most risk, least risk now over say, a 2 yr period?

a. rm1mil condo in mont kiara, 100K downpayment, borrowing 90%.
b. rm1mil house in cyberjaya, 100K downpayment, borrowing 90%.
c. 100k in maybank stock at 9.00 per share

This post has been edited by AVFAN: Jan 8 2011, 04:50 PM

hehe... interesting statement... so, whether it has more or less downside risk depends on one's preference for investment type? so, risk takes on an indivudual face?

overbought is the right term!
when market is normal, a few people in overbought position is not an issue - these are the ones who will actually make a good killing in the run up.
when a lot more are in overbought position, the risk can't be the same anymore.
i suppose the question then is how many overbought, how bad is the overall position?
one can have his/her own views on this.
just the people i know, i see many, some heavily overbought.

while the gurus are having a heavy debate on current world macroeconomics, you dropped this.

excellent timing for a break.

This post has been edited by AVFAN: Jan 9 2011, 07:15 PM

that's because these do not affect the daily lives of the masses.

the day people start to "invest" in, i.e. buy up and even hoard rice and cooking oil, you will not see complaints but riots!

This post has been edited by AVFAN: Jan 11 2011, 09:54 AM

think about it - who are the biggest sharks in this madness? land owners, directors, powered people in authorising bodies, privileged buying big chunks with discount or the little fella talking in this forum?

lawyers, land office and taxman will be on top.

this part, think everyone understand but in diff ways:
. if vested in highrise, will say landed will kaput
. if vested in landed, will say highrise kaput
. if vested in everything, nothing will kaput
. if not vest but waiting, everything will kaput


oh, that dumpsite one - yep, looks very much like a trap for the waterfish!

just read a long stockbroker report on commercial land/projects. they think the billions to be spent on mrt-lrt will jack up very high the commerical land price around those areas, so commercial props directly linked to the hotsopts will gain. i suppose residential units linked to these hubs will do relatively better than "remote" ones. maybe better buy these dev stocks rather than props!



This post has been edited by AVFAN: Jan 17 2011, 06:38 AM

rpgt will surely be back, just a matter of time.

vote for bn in next ge, najis gets back 2/3 majority and confident, guarantee rpgt 30% will return.

until then, they dare not do anything since prop/constr is big-big economic driver now. no one wants to see it die, becos everybody will suffer. if yr prop lose 100k value, some powerguns will lose 10mil or 100mil. can't let it die...

trust that it won't die until those rats are ready, like all $ in brazil or aregntina.

think so. wait till fuel and food prices go up 30% in the next 2 years. see if people will buy high price homes or pay high rentals or stick to basics like food, utilities, transportation, etc.. food will be esp tricky since here, little food production, only build-build-build. and not production factories.

http://www.themalaysianinsider.com/busines...-modest-growth/

mk has gone from high end-high expat rental enclave to a good mix with locals buying for own stay.
oversupply, bad traffic, some condos getting old, high rent expats facing extinction in the country are the reasons.
prices and rentals dropped significantly for all older ones, newer ones still OK.
many locals now buying for own stay.
since int'l school, nightlife etc. is very much alive there, this place will live, go on fine.
a lot more locals and maybe 3-4k rental foreigners eventually.
anyone still hoping to rent to 10k gweilos better do some research.

if this guess is rite, bandar bkt raja burst worst.

guessing game ya?