Been busy

Anyhow I applaud BNM for making such bold move even at the expense of the short-medium term economic results. All I can say is that speculators will cry, home owners will cheer, and its BAU for fundamentally driven investors.

Also, if one is creative enough there are couple of ways you can still get 90% MOF...........

We live in a very interesting time indeed. Wonder if 20% drop in prices in the next few months will be a reality............

The ones that will be hit badly by all this should be :

1. Banks.
2. Mortgage agents
3. Agents.
4. Sellers.

Think sellers today has to significantly lower their price down and quickly lock profits else they would be in for a nasty surprise in 12 months time......

somehow I think this cap wont last more than 24 months.......

Property market is an unefficient market, so it will take min 6 months for everyone to see any real impact of this measure.......... 6 months LTV implementation is just too short......12 months would be ideal as it will do enuff to curb growth but not kill the market.....but 6 months definitely not impossible and can only be driven by only one critical factor........ POLITICS.

and should this cap continues beyond mid 2012............ we'll see plenty blood on the streets........... when all these overpriced crap DIBS development in 2009-2010 goes for VP...........thats when the tide goes out n we'll see who has been swimming naked

On a personal level, I wish BNM n GOV will increase RPGT to 30% back and get BLR up by 1% next year.......... hopefully I'll have enuff moolah by then to realease these pretenders from their sufferings

hmm initially thought market would retreat n soften by now............well no such thing as of today.................

well I certainly shouldnt be complaining though..........

I dont need bullets to parang?