At the height of the tulip bubble, no one knew it was the peak.
Each time the tulip scenario is repeated and repeated.
Each time human nature said its different.
Each time, its no different.
Its only the human nature which has not changed.

Oh btw, I do play stocks, etc. Just dont chat. So, to those property speculators, you re not the only ones around

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

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.

lol@2012

if property continue rising, nobody would be able to afford them.. and when nobody buys..prices have to normalize itself to be in line with the buying power..right..thats what i think anyway.

the funny thing is, land is NOT scarce in Malaysia, we're not Hong Kong and Singapore. so what's the big hoohaa anyway.

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!

there are certain 'outskirt' area also experiencing incredible hike in price.

Go to iProperty can search for 'New Property' then sort it by newness at the top. Do this for KL and Selangor. Then think about those who just entered the workforce or middle income group.