Swordie Bloggie

Should the authority impose a limit to the number of houses each individual can own at one time for a certain period?… I think they should, so that the properties price can be stabilized and not keep on increasing every month… 😛 If not, those can afford will keep on buying houses and sell it later at a higher price or rent them out to those who can’t afford buying house since properties prices keep on increasing every month. Renting out properties like Calgary rentals is a very lucrative business… 😀 But why am I talking properties rental… well keep on reading…

Buyers Complain of Prime Units Being Taken Up Before Launch… that’s what in the newspaper headlines today… what’s the issue here?… Well, it seems that properties developers are ‘cheating’ genuine buyers during their property launching… I think it’s not exactly cheating, it’s more like the properties offered to the public are not in totality… meaning some part of the properties are not offered to the public… mostly the hot properties like the corner lots which has bigger land or surrounding areas.

Buyers complained that although they came early during properties launching, the hot lots like the end or corner lots are all marked taken or sold. It seems that the developer has given the hot lots to their family members, staff or friends before the launching date which according to them is unfair. To be fair to all buyers, they want the authority to intervene and they suggest ballot system should be used for these hot lots.

But according to National House Buyers Associations secretary-general, prime lots in new housing projects were usually offered to selected groups of people before the launch… so, it is true then that hot lots are given before launching… now, is this fair or unfair?… Those can afford will collect the hot lots to be sold later at a higher price… and this will make the properties price goes up… which is bad to those who can’t afford and end up only able to rent house instead of buying. If this is the case, I might as well start doing properties rental business… 😀

So what is the solution?… Should the authority impose a limit to the number of houses each individual can own at one time for a certain period?…

Many things need be done this month. Whenever January comes, all kind of bills and statement will appear. And this is the time money is the most sought after raw material… 😛

Income tax letter received… need time to fill the online income tax from now… annual housing loan statements received… time to renew the mortgage life insurance… time to renew all the other insurance too… including car insurance… road tax… everything needs money!!!

The only good things this month is getting statements from the PNB for the Amanah Saham… and the other unit trust fund managers… how I wish I don’t have to pay anything… just getting my salary every month… 😛