Financial Is property going to drop?, General property price discussion
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 Aug 2 2008, 04:47 AM
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#1
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Senior Member
2,108 posts Joined: Jun 2005 From: PJ  
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QUOTE(n73me @ Jul 30 2008, 03:01 PM) i agree with you, paying for your own property is way better than paying rent, you are basically helping the owner to pay their mortgage I have paid more than $30000 renting room since 2003.   Hope the property prices is going to drop come 2009. Might get a studio / 2-room apartment unit for own stay. |
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Aug 6 2010, 01:06 AM
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#2
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Senior Member
2,108 posts Joined: Jun 2005 From: PJ
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QUOTE(Onemorething @ Aug 5 2010, 01:27 PM) This unfortunately is why the RE market has imploded in the US UK and EUROzone. It was surprising to me to see how expensive RE (over 8x income) is for the average Malay. Forever didnt and doesnt exist in these mentioned markets and now others like Canada, Australia and China are on the verge of a massive correction. I like your view, and noticed most of your replies were anticipating a major meltdown.-snip- any prediction of how far in the future will this happen to Malaysia? and how high will the interest rate go?  |
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Jan 17 2011, 01:23 PM
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#3
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Senior Member
2,108 posts Joined: Jun 2005 From: PJ
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QUOTE(Veda @ Jan 17 2011, 11:54 AM) LOL. Yes, land not scarce. But many people feel they have the "right" to stay in good locations, don't want to stay in the outskirts, in the middle of nowhere there are certain 'outskirt' area also experiencing incredible hike in price. Added on January 17, 2011, 11:56 am The same report also predicted that the land price in those hotspots will increase by up to 500% within 5 years. |
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