From: Pai, Billionaire in training

This post has been edited by hidden830726: Feb 9 2011, 05:34 PM

I still dun understand. Why spend so much time and effort in timing the burst when these time and resources can be better use to search for the right investment in accordance to your risk appetite?

Bulls make $$$, bears make $$$, its the pigs thats get slaughtered. From Pai

Everybody like Airasia, But,

Too bad Airasia doesn't come too often and very hard to get your hands on them.

Moreover, Airasia do not cover many important routes. Even if they do, the travel is not as pleasant as MAS.

If u have a destination, lets fly MAS first while trying to get Airasia. MAS aint that bad.

The earlier u buy the ticket, the cheaper it is.

Pls allow me to explain.

If u cant afford to go travel. Even on a budget trip, dont go for it. Same with buying a house. If u cant afford yet, work harder, im sure u can finally afford it.

My point is, if u want to travel to hongkong (your dream of owning your own house, or buying a house for investment), u can either opt to fly with airasia to stop at Macau and ferry to HK. Or u can direct flight to HK.

Flying airasia to Macau is like buying hse at outskirt or outside the KL radius because it is much more afffordable. So, if u work in KL, u travel to KL, much like u travel from Macau to HK.

If u get direct flight to HK, definitely the fare is more expensive.

U may argue, flying to airasia is way way more affordable, and somemore, u can get those super cheap ticket. But, those tickets only available online (limited channel), possible midnight (limited time frame), and limited destination (It dont fly to HK - not strategic?)

Also, when buying airfare, usually the earlier u buy, the cheaper it is. Yes u may wait for the next promotion or plan way ahead, but in property life cycle, the next promotion, or next trip may takes u many years.

If one cant afford to travel to HK, sure u wait for next year. But, how many next year u have?

Waiting for SARS to hit hong kong, and hence cheaper traveling expenses? How often Sars or any other macro factors that affect traveling expenses occur? Do u really want to go to HK when SARS time? Some will really take risk, good for u then, u gotta enjoy a cheap travel, but u also increase your risk of getting infected (Just like if economy downturn, housing price drop, with unemployment and fear for losing your job around, and many many other factors, do u really want to buy a house then? Note: Exception for those investor who buy when drop price, as long as they know what they are doing, they take the risk for bigger gain)

The important thing is, u able to reach your destination. be it flying airasia or MAS. With more $, u get to fly with MAS, better service, easier point of service, more spacious, come with food etc. For budget travel, u fly with airasia, budget and free frill.

If u dont fly at all, because its too expensive, then u never get to HK.

Im sure my little Airasia-MAS-Macau-HK story have plenty of flaws, but pls bear with me.

Cheers

No one wanna comment on my Airasia-MAS-Macau-HK story? come mon,i spend a good 20 mins writing it. :-)

Someone suggested to me a book call "The Secret", i haven't start reading yet, but from what i read from the comment at amazon, it suggest the law of attraction, where positive thinking, and action will lead you to your goals and objectives.

Maybe, being positive is the best way to deal with the increasing housing price.

This post has been edited by hidden830726: Feb 21 2011, 10:13 AM

Is'nt it anyone who borrow loan from bank to buy property falls into this dilemma? Someone who positive see debt as leverage. Working hard is apparently one of the way to service the leverage, but ultimately to avoid such debt trap, one need to buy within their own means.

So in another words, if u buy within your own means, u are utilizing the leverage provided by the bank to help u achieve your goals.

For being positive, again, we dont call it burden, we call it commitment. And we decide how big the commitment, which i suggest in my previous post, buy within your means.

When something is caused by people around you, which u have little influence on it, e.g. hike of housing prices, u adapt to it.

Ya Taiwan seems to be what Malaysia is capable of transforming to. It's like a future mirror on our property market, if u can capitalize on that, than u gain a distinct advantage to others.

And no, property investment is no gambling, u may refer to this for more details:



And being stick to the topic, start being positive.

Well again, it just showed that u are not positive enough, why worrying about the negative side of development (suicide), when u have so many positive things to cherish?

What i am trying to suggest to u is, no point arguing about the economy when u have little influence about it. Unless you are Mr Prime Minister, or some Big shot in the government or private sectors, or else, the best we can do is to adapt to the change.

Also, 2nd generation loan is bound to come, zoom into reality please. Nobody want it, but that is what gonna happened. try to be positive about things, more action, then the world will be better for you.

And also, im not gonna argue with u about investment vs gambling, because positively, i believe u understood. And also, i really do suggest people giving view based on the topic of the thread, not some qq economic lesson, and what we dont want the world to be.

Last but not least, i see positive in you.

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.

What result in prop bubble?

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.

This post has been edited by hidden830726: Feb 21 2011, 03:40 PM