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Financial Is property going to drop?, General property price discussion
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johnsonm
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 Jul 15 2008, 02:20 PM
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Getting Started
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all developers have increased their prices by 20 - 30%. reason being, their cost has increased. if they don't increase their prices, they are building houses for free. but whether the average malaysian can afford these houses is a different matter.
for example, if A buys a house from the developer at the increased price, and later on has to sell it because of high interest rates, can he find a buyer at the same price?
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johnsonm
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Jul 16 2008, 09:16 AM
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Getting Started
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ychwang & kevyeoh, you are both absolutely right.
house prices should not increase in proportion to the building material price increase as then the price of the land is not factored in. however this seems to be the case now.
that is why i am not going to bother looking at any properties just yet. i have to wait and see how things pan out.
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johnsonm
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Jul 16 2008, 11:42 AM
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Getting Started
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another good point by Pai. for those of you who are holding on to lots of cash, perhaps it will be better to search for a cheap 2nd hand property. that cash you are holding on to might be better used as recycled paper soon.
as for me, i am waist-deep in property investments already, so i am trying to make sure i don't drown!
perhaps after US election i will start again.
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johnsonm
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Jul 17 2008, 10:09 AM
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Getting Started
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you can google some refinancing calculators, that will take everything into account such as current interest rate, penalty etc and tell you how much you can save/lose if you refinance.
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johnsonm
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Jul 18 2008, 02:58 PM
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Getting Started
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good commentary by playbook from an economics standpoint. should silence all those who insist that house prices will go up because of the increase in prices of building materials.
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johnsonm
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Jul 30 2008, 10:38 AM
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Getting Started
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muscaa, in relation to tenants who don't pay rental during recessions, it depends on what kind of tenants you are targetting. if you are looking at expats, then that shouldn't be a problem. especially if they are working for huge companies, and those companies are paying the rent. the risk here is the expat being sent back home, and you losing the tenant altogether.
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johnsonm
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Aug 2 2008, 11:55 AM
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Getting Started
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with all the manipulation of figures going on nowadays, the definition of recession might have to be revised
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johnsonm
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Aug 6 2008, 12:32 PM
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Getting Started
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that write-up has actually got me thinking twice about going to see uoa bangsar this weekend. sigh. i am not quite stocking up on food just yet, but i have to figure out an alternative currency to the ringgit.  |
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johnsonm
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Aug 7 2008, 04:36 PM
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Getting Started
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Pai - i was told not to touch NZD, although the interest given is exteremly high. i am looking at AUD & SGD at the moment. just need a few days to think about it. joe - gold is a good alternative, but i am not too savvy with gold investments, and i am not aware of the risks involved, so better not! |
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johnsonm
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Aug 8 2008, 04:45 PM
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Getting Started
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QUOTE(a6meister @ Aug 8 2008, 12:04 PM) have not visit Lowyat forum for some time yet there are many nursery school comments on property. ok, so the conclusion is - (1) we are going to have recession ( i personally think it is rubbish ) (2) dont buy property, wait for few years till the property decrease in price. ( if can't afford it, dont give all those lame excuses ) (3) i think there are many COLLEGE STUDENTS or SECONDARY KIDS here in this forum, thus, a lot of times, it transform this forum to become an inappropriate place to discuss real issue. now, now... no need to get personal. people are entitled to their opinions. there is no need to call those with an opinion that is different from yours a kid. and some people i know who actually can afford it are not buying at the moment based on sound financial advise from actual experts, not lowyat experts. |
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johnsonm
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Aug 25 2008, 03:30 PM
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Getting Started
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and if all 1st time buyers go for 2nd hand properties, the prices of 2nd hand properties will get pushed up close to the prices of newly launched properties.
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