my game plan to get positive cash flow, let the property price hike as long as they want, as much as they want, as long as i still get positive cash flow

many people say things because the person who pay them want them to say certain things
or at minimum, they cannot say something that goes against their sponsor

agree, i definitely welcome a correction before the market gone too crazy. by then, it would be too painful to take the correction.

This post has been edited by property101: Sep 29 2010, 09:50 AM

moderator is being moderate here, recently has been ending the message with "no offence " quiet frequently

my view on: 100% loan for below 220k properties - it is a policy that appears to be helping the lower income group but if we dig deeper, this doesn't do anything helpful

if a person is not able to save up a minimum 10% for the down payment, it is very obvious that the person is not financially ready to commit to a mortgage. gov is optimistically hoping that the person who bought a property at 100% would amazingly come out with extra RM600 - RM1000 for monthly installment. on the other hand, if a person who is able to generate extra income of RM600 - RM1000 at will (through MLM, freelance, etc) that person would not belong to income below RM3000 per month.

secondly, the biggest problem that the lower income group facing right now is NOT because they cannot come out with the 10% down payment. the problem is the affordable units are sold before they can take a move. a lot of insiders, group purchaser, through relationship, aunty uncle who are usually way richer than the lower income group have grabbed the affordable units before the lower income group can make a move.
i'm referring to new launches here, because for MOST people the first property that they want to buy, they do desire it to be a new one, rather than getting it from sub-sales.

if the gov insists this is a very helpful move, i can only see that it works in sub sales market which the first time home purchaser is very reluctant to go in.

the joke of the year i wonder if our minister feel stupid for himself to say this

what do Summer, Autumn, Winter and Spring represent each?

+ 1

"Imagine the feeling of the Bumiputera who are walking in the city and, when they look at all the skyscrapers, they feel that they have no share in them."

for an average citizen, what the h3ll he cares those skyscrapers belongs to who....i think the Bumiputera he referred was referring to himself

the introductory of 2 generation loan is an indication that the property price is so high that an average malaysian cannot pay off their mortgage in their life time, therefore need to pass down to 2nd generation.

regardless the borrower has kid or not, if the borrower cannot afford to pay (even the borrower's age is 70) the house will be foreclosed. bank is in the business of making money.

so if you wanna take 2 generation loan, make sure you have someone to pay for you when you no longer have an active income.

This post has been edited by property101: Feb 1 2011, 08:59 AM

early last year when i bought one unit in kajang, people said to me:
"what? kajang got what? satay?"
"ok...i can bring you go drink lat thong!"

This post has been edited by property101: Feb 4 2011, 10:21 AM

talking to my uncle....
his perception is buy condo (Sanderson) now at 3xxk, after completion sell at 500k
i see the way he was talking is like property will surely go up up up....

without using any sophisticated theory and calculation, it's easy to spot a bubble burst is very soon when aunty uncle believe it will up up up....

it happened exactly the same during 2007-2008 when everyone was buying unit trust

sorry...and your point is?

if you dig a little bit deeper, it is all about false perception and greed that caused the rush

there was a thread in forum not long ago, the vote showed 50% vs 50% whether the property price will drop

agree with some of the people who have mentioned, when there is a slight drop of property price, the buyer who has been waiting for the price drop will start buying to sustain the demand

those who believe price WILL NOT DROP will keep buying, those who believe price WILL DROP will keep waiting

continue buy could means buy one every year right
stop buying means one particular year not buying?

i know someone who said "i buy property more than you buy shoes". later i found out he bought 5 properties within 2 years!

i do agree that recent new launches are expensive, and sub-sales have increased a lot. but i just dont get it, why must a person only interested in new property? why must buy a high end unit? which they cant afford and then keep complaining they cant afford a property.

if one cannot afford to buy in pj, then buy in rawang; if one cannot afford to buy 1400sf high end condo, then buy mid cost 900sf apartment. when one is desperate enough, whats wrong with staying in 700sf low cost apartment? go to iproperty and check, there are hundred of pages of listing which are still below 200k, i mean pages, not units.

i just don't get it...but if one want to start arguing about the environment, the accessibility, yeah right...keep on arguing make oneself feel better.

i seen people who complained they cant afford a house after working for so many years, but i also seen young man (early 20s) who has not even finish his university study already owning more than 1 investment property.

for all those complainers, come on, their circumstances is merely a reflection of themselve. the fact that they are still complaining rather than making things happen says a lot about them. work harder, work smarter, there are people who can make it, and they did it already. this is something i learn from my old man, dont complain about the price is expensive, but go and make more money yourself!

This post has been edited by property101: Feb 10 2011, 09:22 PM

the young man did not grow up in well to do family, he grow up in below average family.
when he was 18-19, he used to wake up in mid night to pick up newspaper, do newspaper delivery, the remaining sell newspaper in pasar
and lots of odd jobs that he has done since he was 13
when he has got a professional career, while his friends are taking overseas vacation, he is eating lunch box brought from home.
for the people who complain cannot afford a property, do you see why now?

interesting
guess at that time, medium cost apartment / condo will be the easiest to rent out. medium cost apartment / condo are still the safest game