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

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R o Y
post Apr 23 2010, 11:36 PM

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QUOTE(tehpoyo @ Apr 23 2010, 05:26 PM)
Yeah! Interesting Indeed! Malaysia Boleh mah
Growing concern? I don't know as I have my own problems to deal with
I rather take my chance with slightly setback with the credit ratings - rather than Investing on something which I cant foresee for "high end" developer overlook providing a basic parking space i.e. Verve Suites for only 1 Carpark?

Plus like I said, its hard for me to get a basic decent tenant.

Well TERZAM pretty much the norm for us ma-la-sian to notice/realize things happening around the world especially in the US or UK but things back home which is happening directly under your nose, we failed to noticed!

cool2.gif
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How much rental are you asking for? Maybe should lower your expectation for the time being until occupancy rates there improve.
R o Y
post May 14 2010, 01:16 AM

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QUOTE(Onemorething @ May 13 2010, 11:10 AM)
Touche, btw how did you know I was a Chief!

I believe that Pai subscribes to what Warren Buffett has famously advised, "You only have to do a very few things right in your life so long as you don't do too many things wrong."

This is where you and I may agree!  My 10,000 hours is in another field.

However, this is not the case for the avg. RE buyer.  To buy at top of market right now, with pending interest rates rising and a 50/50 on double dip (REAL DROP) vs. previous papered over drop, you are setting people up for failure.

Just watch the China Commercial RE market get slammed, it will also reach our Malaysian shores next and they get in line with bad RE news globally for years to come, try 5-7!

RE Pumping by all those vested in RE is natural.

GOLD Pumping the same.

Pai, no worries, this is a blog, we can always agree to disagree!
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"Always buy below the intrinsic value" does not only apply to stocks, it can apply to property as well.

And the beauty about Real Estate market is that its even less efficient than the stock market.

The way to make money from Real Estate is not be the "average RE buyer". Even if we are at the top of the market now, the right property at the right price is still a good buy.

Jus looking at the Macro picture and not the Micro picture, means you only see half the picture.

Regards,



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