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Financial Is property going to drop?, General property price discussion

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CKHong
post Feb 21 2011, 03:36 PM

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QUOTE(hidden830726 @ Feb 21 2011, 02:59 PM)
When bubble burst, ppl will complaint abt other things, e.g. job unemployment, and still scare to take the risk to buy a house, fearing that the price will drop lower.
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bubble burst.. i will get a house smile.gif its not like we got alot of thing to pay to the bank.. its our 1st properties... scare what ? the one scare is those who owned more properties and each month they have to fork out xx amount of money biggrin.gif
fearing that price will drop lower > ownself set a limit lur.. those who set too lower.. end up the property price go up .. then its their own fault lo.. ;p they can also do as below :
Property A : b4 bubble > 500k it drop to 400k, the fella wait.. drop till 380k , the fella wait again , it go up to 420k >
a) the fella kept waiting cus they thought it will drop below 380k > if property keep on increase.. then its their own fault already lo
b) the fella buy at 420k > at least b4 bubble and after bubble.. can save 80k.. also worth what ~

depend on how we all set the limit ~ tongue.gif
problem now is, we kenot afford the properties now.. thats why wait for it to burst.. even if it become more and more expensive.. kenot do anything also what.. we kenot afford it..

This post has been edited by CKHong: Feb 21 2011, 03:48 PM
CKHong
post Feb 21 2011, 03:51 PM

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QUOTE(hidden830726 @ Feb 21 2011, 03:40 PM)
They wont have to, if they infact plan ahead. As u said, living is a need, so i dont see anyhow ppl will stop renting.

bank will also tighten their belt so dont expect 90% loan.
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some will plan ahead.. those ppl safe lo..
smile.gif
got gainer CONFIRM got loser one.. won't be everyone also win.. its part of the game.. hehe.. bad economy.. ppl will try to go for cheaper rental.. biggrin.gif so maybe by then more ppl will move out from high class condo and go for middle or lower condo/flat biggrin.gif
those who can't find anyone to rent their unit, will have to fork out more money for the bank repayment.. then until they kenot tahan, then whala ! properties price go down ! yeah baby.. biggrin.gif speculate somemore ~
I notice that, those who joined the game, its kinda hard for them to stop speculate.. so they will kept on buying.. after they sold the one they bought. People are greedy biggrin.gif
buy prop A , sell it untung 50k, then buy prop B >untung another 50k, buy C + D and so on..

This post has been edited by CKHong: Feb 21 2011, 04:11 PM
CKHong
post Feb 21 2011, 05:24 PM

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QUOTE(KLsooner @ Feb 21 2011, 05:06 PM)
As long as bird nest price, palm oil price and rubber price stay strong, property bubble will not burst.

Too many uncle and aunties who owns plantation and bird house go house shopping now.
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yeah notice that.. newly launched properties... all cheapest unit kena sapu even b4 its officially launch biggrin.gif
they all veli garang.. biggrin.gif
so many rich ppl in bolehland.. biggrin.gif

This post has been edited by CKHong: Feb 21 2011, 05:24 PM
CKHong
post Feb 21 2011, 05:32 PM

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lol.. lottery so easy to win mehh.. ;p

give more pressure on gomen... vote wisely
then maybe gomen will come out like china > each person can oni owned not more than x properties
and come out more ways to stop speculator.
actually i prefer the RPGT go much more higher.. eg : 30~40% for the first 5 years if they sell.. sure can stop most of the speculator geh.. but then gomen come out with only 70% for the 3rd home and above..
haihhhhh...
election coming !!! sorry i'm out of topic edi tongue.gif

This post has been edited by CKHong: Feb 21 2011, 05:37 PM
CKHong
post Feb 21 2011, 05:39 PM

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QUOTE(TheDoer @ Feb 21 2011, 05:36 PM)
Dito!

Maybe you can sell newspapers, or be creative (illegal business) to buy it.  People say, we must be positive and take advantage of any bad situation. brows.gif

Good luck to us.


Added on February 21, 2011, 5:37 pmAh just had a brilliant idea.  Do you know of any vacant homes where the investor never visits?  We can turn those to birds nest homes.  wink.gif
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yeah.. good luck to us.. pray.. we need to pray..
CKHong
post Feb 21 2011, 05:49 PM

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QUOTE(UFO-ET @ Feb 21 2011, 05:46 PM)
You probably never attend a seminar before
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attend seminar .. some need to pay rite ? or izzit all also need to pay one ? i saw some said need pay duno how much .. attend few hour.. 1 to 1 he speak and talk and give advise to u..
tarak luit..

This post has been edited by CKHong: Feb 21 2011, 05:50 PM
CKHong
post Feb 21 2011, 06:02 PM

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QUOTE(TheDoer @ Feb 21 2011, 05:54 PM)
I'm praying to all the gods now, including the ancient egyption god Ra.

Currently the signs are good.
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+10 !! ahahah.. depend on u liao.. since u pray to all the gods ! (when someone meets the end of the road.. and no place to go.. they will pray to god)
new properties now.. hard to get 100% fully sold.. especially the higher level one.. a good sign maybe ? smile.gif
plus need to blame those developers.. simply stick a red note stating all already sold..
after few months then increase few puluh k.. then say " aiya.. some of the buyers.. kenot get bank loan leh.. ok la.. now i release the unit .. who wanna buy.. come come.. its very hot.. super hot !! "
they not boring one oh.. keep on using the same technique.. =.=


Added on February 21, 2011, 6:05 pm
QUOTE(godutch @ Feb 21 2011, 05:57 PM)
noticed auctioned listings are increasing.

let's pray hard and continue to do our search, coz i find sometimes it is possible to see fairly valued (resonable yield/ bank value) properties, but just that don't get the "this is the one feel" as i am looking for a homeĀ  biggrin.gif
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sad.gif too bad i dun like auctioned home.. duno inside how teruk it'll be.. sad.gif
somemore.. (duno how true is it) they all said, there's insider inside the auction.. they will try to raise the price of that property by joining the auction..
but duno what happen if they won the auction tongue.gif

This post has been edited by CKHong: Feb 21 2011, 06:08 PM
CKHong
post Feb 21 2011, 06:32 PM

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QUOTE(godutch @ Feb 21 2011, 06:16 PM)
actually i am not interested in buying auctioned properties either (for own stay ma), but i thot increasing auction listings is a sign that the market will either be stagnant or may be adjusted.

I also noticed certain old condos were being auctioned at quite a hihg price so i suspect these are the properties that some no holding power speculators bought over the past 2 years but couldn't get tenant and in the end could not afford to pay mortgage. But not to say too many of them(so not sure whether these are isolation cases or not), so i am still monitoring while looking for my home sweet home.

Also noted that a house that i was interested to buy 4 months ago still unsold , didn't buy coz was 100K higher than bank value  rclxub.gif , and now the seller lower the price by about 5%, still too high, am still monitoring smile.gif
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wah wah.. they changed to 5% liao ! nice one
the properties i'm eyeing.. macam 60k++ higher.. where got so much downpayment money to pay oh...
10% from the properties
SNP, doc fee's, lawyer fee
+ 60k ++ higher than bank value.. T_T

CKHong
post Feb 21 2011, 10:27 PM

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the condo near my working space.. i can see that there's 2 condo that the occupancy is less than 50%
supply > demand i say biggrin.gif
our country need more people to spend $$
so we need those super rich fella to buy more properties

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