Don't get corky... nothing is forever. You may have found a piece of property you like and you wish to grow into, if you can afford that's fine.. But if you intend it as an investment don't expect the demand to be there always.

Sounds like a girl who dress alluringly to get the attraction of guys. When guys make cat calls then she reject them. Doing it just to reassure herself of own worth.

But actually, the girl isn't the best looking around. It's just that she appears the easiest.

Yes. If anything, measures taken to slow down the bubble should be an indicator that the experts know it is imminent.

I say let property prices rise faster, so it will burst faster.

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Added on

I've heard it all. "Bought the property for xxx" now it's xx% more". But has anyone considered, that you aren't rich until you actually cash out? Despite the value on paper or in theory, it is worthless unless you can get the property off your hands.

And even for those who are successful at selling their houses, they tend to buy new ones, so their back in the game.

It's like gamblers who go to genting. You can win and win and win all day long,
but a majority always ends up, going home with their tails between their legs. People say it's because Genting has little devils, it's more likely, that the gamblers will never cash out, until they bum out.

If you want to know whether you can really become rich from Gambling, or property speculation, you need to ask 1 question. Where is the money coming from?

Answer: Your own pockets.

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Added on

What I see currently, are simply, kids collecting coins on the train tracks. They are picking it up, and waving it around to the other kids. More kids then join in. They believe that when the time comes, they can jump to safety. Well, not everybody will make it.

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Added on

While looking for a place to rent for an out of town new colleague. I called a property, and the owner practically begged me to consider buying her property, almost crying. The location of the taman, wasn't half bad. and yet, nobody wants to buy her house, for ages.

Lately I passed by the house again, it has been overrun by weeds, the forsale/rent sign has deteriorated into nothing. The owner has obviously either died, or given up on it. A money sink hole I say that one.

Not everyone gets rich.

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Added on January 10, 2011, 9:47 amThere was a time, when many of the people around me were involved with stocks.

I remembered plenty of times, when we were treated to good stuff when prices were up. Then the smiles turned to frowns .

Now none of them are involved, accept for one of my young friend.

This post has been edited by TheDoer: Jan 10 2011, 09:47 AM

It's practically the same thing, the price of the property is the perceived price. Even if it is in a completely worthless area, and nobody ligit (non speculator willing to buy it) it will still be sold to other speculators at a higher price, simply because everyone is optimistic.

It is the same as membership to a pyramid scheme. It is guaranteed returns, as long there are other people who are willing to take part.

With property/hard asset, it is only as valuable as what people are willing to pay for them. If you bought property that turns into a ghost town, what good is foreclosure?

You failed to realise, that even though there are many willing buyers there are also many willing sellers.Just as there are joke sellers, there are also joke buyers out there, just want to "test market".

Number of soft ask, is not the same as actual sale. And is not an indicator of where one will end up, if one continues speculating on property.

If you've got holding power, that's good for you. What about those who take up lots of loans and are struggling to make ends meet. Simply to join the "game".

You can put the demand as high as you want. But if nobody can afford it, you still can't sell it.

Yes. If there are lots of people, and people still can't afford homes, they will pay you in blood...

This post has been edited by TheDoer: Jan 10 2011, 10:12 AM

Well, you make it sound like everybody who takes a risk will automatically belong to the haves?

If everybody starts doing it, then you won't be the haves anymore would you.

I think the question, comes back to, whose money are you actually making from property speculation?
Answer: "Yours". Money transfers from hand to hand, names are replaced on mortgages, inflation goes up, but as a whole, no one really gets richer.

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Added on January 10, 2011, 3:26 pmHere's an idea. Since property is a sure win investment. Why don't banks just buy up all this property themselves, then rent them to us? Rather than offer us a loan, and let us make the real profit.

This post has been edited by TheDoer: Jan 10 2011, 03:26 PM

Thumbs up!

This post has been edited by TheDoer: Jan 13 2011, 10:58 AM

It really doesn't matter as long as someone else is willing to take it off ones hands.

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Added on January 13, 2011, 2:42 pmCan't say for the rest, but for myself, I guess, it's quite alright. The problem is paying and arm and a leg, for a lousy place.

This post has been edited by TheDoer: Jan 13 2011, 02:42 PM

As you said early buyers.

And where does the money come from exactly? From late buyers. Someone has to lose in this game.

Then when you at the Gamblers regambling analogy I gave earlier, you will see that it doesn't matter whether you made profit earlier on. The question is, how much do you have invested when the market sees an adjustment?

All this talk about foreigners buying malaysian properties, only raises and eye brow. So we are welcoming this because we believe we will get rich from selling our property?

Lol... that's funny.
Will end up, 1.) Malaysians have to rent houses from foreigners, because they can't afford it anymore.
2.) they can't get people to rent it, and eventually the bubble burst.

This post has been edited by TheDoer: Jan 18 2011, 03:52 PM

That's because everybody is interested in making money off each other.

If it is anything, all this should be indicators to us, that laws are needed to safeguard the interest of it's citizens. Not just those who are staring at the ever increasing house prices, but also those who will lose when the bubble burst.

As it was mentioned many times in the forum. A buble burst, may be devastating to everyones way of life, and it is not what we want.

So the question is, what are we doing about it?

I think a more serious rpgt needs to be drawn out.

Not refering to the whole prop market. But refering to something which I saw:

A miracle! Aunty and Uncle, which just a few months back said BBB! Now throwing caution on the wind, Don't B! Don't B! don't B!, Even before their loans have been processed completely.

The thing is that this aunty and uncle speculators, what they do is they simply follow the crowd. And simply because they own a property or 2, they are deemed the experts, and consult other aunty and uncles.

I can't help but feel irk by the whole thing. Uncle and Aunty, if you want to gamble, please go to genting.

Then there's this uncle & aunty's son, who is so optimistic that he's trying to get a loan for a home that is more than he can chew. Lol....

Sad.. but funny man.

This post has been edited by TheDoer: Jan 25 2011, 10:47 AM

What you didn't realise is. What happens when everyone starts openning a lemonade stall? @.@

My above post was not complaining. Was just saying it's a tragedy when some people speculate but without knowing anything. I find it sad for that person, and funny at the same time. Not saying that there aren't real investors out there.

The thing about location is, well, you can make a prediction, but only time will tell whether you're correct. Over the next guys prediction. Some people know their stuff, some people are just guessing. It's not as simple as telling people hey, check location, and everybody starts becoming rich.

FYI
"when most will just eat the lemon & finds it taste bitter" was not from my quote, I think you added it when replying to my quote.

This post has been edited by TheDoer: Jan 25 2011, 04:37 PM

2 generation loan is crazy.

If our parents did not give us any burden and already we need to apply for a 2 generation loan, then what about our kids? Ask them get a 3 generation loan? lol.

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Added on January 28, 2011, 3:44 pmand yes. Never count the bonuses and future income. The bank doesn't and for a reason. You are only taking a risk. What if things do not turn out the way you planned it?

And as sampool mentioned, there are alot of unforseen cost of living, I such as child support, (milk, clothes, toys, school accessories, school fees) even if you don't have children now, you can't say for certain you won't have one within 10 years time. It happens even if you're trying not to have.

This post has been edited by TheDoer: Jan 28 2011, 04:03 PM

It's not just about the price going higher.

I'm not sure whether you guys realise what's happening.

Do you remember back in the days when you were a child, and you played with imaginary money? "Here's $10 for that fish". "Here's $100 for that bus ticket" We keep raising the sum, because it doesn't really matter. It's not real.

Now what does a 2 generation loan mean? It means that there will never be a threshold of what people can afford. So what if prices go up beyond the reach of 1 generation? Upgrade to the next. and the next... and the next... what is to stop a 3 generation, 4 generation or 10 generation loan?

Maybe their measuring success with property prices.

If everybody took this advice, and developers keep building to meet the demand.

What will happen actually?

The same can be said of the stock market, and yet it plummets.

Awhile back I mentioned about this guy I knew who was making 2K salary, and purchasing a 400K home in KV.

He failed at first, but combined loan with a pensioner and was able to get a 40 year loan, with 1K+ repayment.

Sounds awefully dodgy to me.

Let's say he is 30 years of age. This means the bank expects him to pay years after his retirement.

Signs of runaway lending?

This post has been edited by TheDoer: Feb 8 2011, 10:52 AM

I agree. The plane seems to have left the carrier. It will require us to jump in order to hope on.

I don't think I'm gambling by not buying. but will be gambling if I purchase at the cost of an arm and a leg.

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Added on February 10, 2011, 5:25 pmhumm... this talk about lowering our expectations. Well, unfortunately the houses being developed in my area are medium-high range homes.

I may not be rich, but I'm a working graduate. Don't tell me I need to buy a low cost house? Where my male and female children have to share the same room.

Meanwhile, there's this bungalow collecting weeds across of my low cost house.

This post has been edited by TheDoer: Feb 10 2011, 05:25 PM

erm. I don't think you can compare buying a home with riding on Airasia. If you missed the chance, and the ticket is beyond what you can afford you wait next year.

You can't afford airasia then you jump to Mas? That's very unlikely.

Now, in the case of a home. If the price goes beyond our reach... then what? Wait for next life?