With regards to what sunzi69 remarks. I would like to say that it is good to encourage, people to work hard to strive to achieve their goals. However looking closely at what is mentioned. The salary for a fresh grad is still the same. This implies, that consumers buying power has not increased according to the prop price hike.

Working harder is always an option. But do not lose sight of the underlining problem.

The prices are now unreasonably priced. And this will result in either a prop price adjustment, or a monetary value adjustment. Both of which we do not want.

Everybody says they do not want to think of an economic crisis, and yet, we continue to fan the flames.

bro,
i think we all agree on the problem. but to me, the root of the the problem does not lies in the growing property prices but rather the stagnanted salary.
personally, i do not agree with lowering or stagnation of property price. the only way to move forward would be the increase in salary.
if we maintain everything cheapo, we would be a nation not unlike phillipines or indonesia (not jakarta lah but those ulu ulu townships?).
no offense.
cheers!

No offense taken, you speak fairly. If our salaries, increased, it would have solved the problem.

Then again, if everybody's pay increased, then our money would have greatly devalued.

hum :/ I do realize that there is a need for balance, between economic progress and controlling squalor. I'm not asking for economic stagnation, just about self control, differentiating, real economic progress over, fake economic, hum... inflation.

i can said both the property price overshoot and salary stagnanted that bring sunzi69 into and thousands of ppl (he/she still lucky as got job how about others or earn below 2k) .. Both issues need to overcome... But, abit late..


2012

2012 end of the day lol

Still got 6 months to go. Let wait for it!

Enjoy your life too!

How long can bailout work? Eventually those who need bailout will become the parents, for those who need bailing out.

when salary increases, money devalued.
but money devalued = property prices devalued too (not in absolute cost but depreciation in currency).
i think this WILL curb the problem at hand.
sadly, almost all businessmen will not increase salaries.
think the G'ment realise this and is slowly working towards it. but at the same time, by doing so, it will hurt a lot of ppl currently. in the long run it will be better but short term, ppl just cannot accept it (the inflation). and bcos os this, hard to implement as they deeply worried about losing the GE by doing so.

Ah true.

But anyhow, I feel that there should be stricter laws on property purchasing. Investing in property is the next best thing to investing in sugar.

dun complians abt low salary, just increase your productivities, efficiency, skills etc as i mentioned in my earlier posts.
if u hv the skills that mnc wanted, your salary will definitely will be higher (in someyears my salary was paid in sgd when based in kl). today many mnc do not want to come to kl coz there is not enough talents pool here. even though the rental is cheaper here but the employee skills is much more lower compare to hk, sg, shanghai. they can pay u higher salary, comparable to sg if u hv the skills. even i compared within the same mnc, kl worker is not as competent vs sg, hk, sh etc. how many six sigma master black belt in kl? intl marketers, branding expert, designers, ip experts, rd scientists, investment bankers etc. maybe we always like to compare ourselves with the poor efficiency public sector or glc. eg tidak apa attitude, chin chai , agak agak, nanti nanti, semua pun boleh, cakap saja etc. our private sectors is as poor as the public sectors eg medical, bank, insurance, it, oil and gas, chemicals etc. even the courier service here is slower.

Yes. And yet, prop market wants to catch up with Singapore and other countries.

Sure we could all work hard. But note, that's only an individual/temporary solution. The real problem, is that prop prices have gone haywire, because of speculation.

If sugar and rice, were up for grabs, we'd see the same thing too.

If we had 100 ppl, and 100 ppl work hard, extremely hard. How many of them will be successful? 10%?

The issue is therefore not that the 90% is not deserving, but that, there are homes that are sitting idle, waiting for people to be desperate enough to buy them at profitable prices.

Alas, that does not always happen, it's supported by unrealistic optimism.

This post has been edited by TheDoer: Jun 6 2011, 02:14 PM

i tot 1% only success over the times..

in sg, sh, hk, taiwan, korea...many low to mid income ppl eg working class, blue or white collar r ok to live in smaller, older apt, they know that the high end condo, landed prop r for the rich and expatriates. compare to kl, everyone want to live in new condo, landed prop (not old single storey but new DSL or SD, near city etc..some even want to buy new prop just after graduate. they feel shame if they live in old apartments. they are so many affordable old apartment out there but mostly rented to foreigners, blue collars etc. locals always think that they are higher status adn refuse to stay with the so called "low class ppl". look at sg, more than 80% citizen are living in HDB flat. they dun feel shame to stay together with blue collars workers, low income earners etc. wat's wrong with young msian??

Very true. it's a malaysian thing.

But then again, don't know if its because of a "Malaysian" mentality OR we don't have a form of "Standardized" housing.
Living in a HDB flat is all well and good because there is little comparison. It's usually only either HDB flats OR Condominiums.

Over here you have low-cost, medium cost, apartments, condominiums, service apartments, luxury condominiums.
It's no wonder why people here are picky, cause they have so many choices

same point.. b4 asking whats wrong with young msian... tell those greedy seller STOP jacking up the price of the property.. make the price nearer to the market valuation..
so that we young msians able to get the old old condo that u mention
we don't go for low cost apartment/flat mainly bcos of bad maintenance and got higher % pencuri go in and steal all our belongings..

i not agreed...just do a simple survey... go to any condo/apartment/flat...u will see proton, kancil, bmw, merdez, toyota camry, altis, vios, Honda accord, cevic, city, lori, van.. even bus in some area hehe ... variety of ppl staying in one block...

I think if got also because of the security concern.

This post has been edited by sampool: Jun 6 2011, 03:25 PM

this old apt is my generation lah (i m not young),, many r ok to live in old condo til now..
of coz some of them hv upgraded to DSL, SD new condo but they have enough saving etc.
but if u cant afford (esp young graduate) why must buy a new condo, landed prop etc???
There are many below 200k older apt in KL (some r below 50k!) but this new generation r not interested at all. compare to my sh colleagues, many of them are buying/ living in old apt....

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Added on June 6, 2011, 3:40 pmsame to sh, korea, taiwan but they are so picky as msian..

This post has been edited by lucerne: Jun 6 2011, 03:40 PM

many young (included me) scared of old-old flat/dirty-dirty leh... u know wat........ GHOST.

This post has been edited by sampool: Jun 6 2011, 03:46 PM

typical youngster mentality...
as i said they are many affordable old apt out there in KL, despite of many new expensive condo next to it. we can hv 1 mil condo and 50k old apt next to each other. but young ppl always conned by the advertisements, nice brochure, tv, movies and want to live like yuppies.

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Added on June 6, 2011, 3:51 pmcorrection: same to sh, korea, taiwan but they are NOT picky as msian

This post has been edited by lucerne: Jun 6 2011, 03:51 PM

if u talk about the old flat got dirty-dirty thing i m sure no matter which country citizen also scared lioa... lari kuat-kuat loh...

Maybe u never been to old-old flat...

actually in this forum
what age range is consider young fellows?
and what range is old fellows?