i m sure sg and hk gomen is well prepare for the next crash... more then my... as my still in feel good mode...

Market crash talk has been talking fr years...

What if
mkt really crash 20% averagely by 2012/2013, wat will you do? *** BUY ***
mkt really crash 50% averagely by 2012/2013, wat will you do? (for me I might migrate, coz something veryyy serious is happening in this country)
*** BUY ***

and what if 
mkt maintains the current mkt price till 2014/2015, wat shd you do? *** BUY ***

and what if

mkt price rise continuously for 20% averagely till 2012, wat is your plan? *** SELL ***
mkt price rise continuously for 30% averagely till 2015, wat is your plan? (very much possible for landed properties in prime area)
*** SELL ***

Keep waiting and hoping can't help, plan, target an acceptable price is more practical

one should create work instead of looking for job...

beside doing own business, working oversea also can be rich. i have many fren who working oversea is now >10mil RM net asset. (after minus all loan if any ) in fact, many of them did not owing bank. they prefer to buy in cash (to save bank interests and legal fees) or clear the bank loan ASAP. I can say their annual incomes is much more than ordinary businessman in msia.

nice one

look back human history, the word job is only created when the industrial age came. there was no such thing as job, monthly salary, annual increment, annual bonus, etc back then. our ancestors did not have a resume, they did not go for job interview or job hopping and yet some have accumulate significant wealth. everyone, i mean everyone was doing some form of business to earn their living and some ultimately got very rich. just like today, only people some got very rich. "job" is only created to make the best use of human labour (whether blue collar or white collar) by paying them penny compare to how much the business can generate profit. when we are in a job, we are in the mercy of our boss, how much he is willing to pay us. if you argue you can hop to another job, great! you are still getting your new and higher salary in the mercy of your new boss. and regardless how high you climb the corporate ladder, there will always be someone telling you what you should do,  he will be judging you and tell you how much you worth. oh, in case you have not noticed, the boss might also be not be as smart as you are, he is your boss simply because he has some connection or additional few years of "experience". in the event of problem arise, he might solve a problem at your level of competency

why want to climb the corporate ladder when you can create and own one? i dont know the existence of any law to prevent you from doing your own business. how much you earn is total responsibility of yourself and only yourself. a lot of people complain that their salary has not increased and they didnt make enough money. we are conditioned and programmed by our schools to remember that working for a salary is the only way to make money. i cant recall if any of my teacher has told me "if you want to be rich, dont get a job". all i can remember is "get a job so that you can earn a lot of money" - which proven wrong in today's society. well, that was probably still true during the 80s in malaysia. today, throughout world, only those who can adapt to change, be creative and innovation, fixing problem at the root level can make a lot of money. unfortunately, being in a job does not allow a person to change (because of company policy), does not allow a person to be creative and innovation (because of company policy) and do not allow you to fix the problem at the root level (again, you guess it, because of company policy).

US is printing more and more money, how could inflation do not rise? QE2 is coming to the end. exciting show is ahead. it's a matter of time for global economy crisis (it's not a matter of "would it happen", it's a matter of "when would it happen"). by that time, do you think job is still a good option? instead of relying for a job to pay for a property, how about create some new job to pay for it 

I am wondering whether the US will default on its bonds soon and what is the impact on the Malaysian economy. 

wow, >10Mil RM net asset(after minus all loan if any)...... What is the annual income are we talking about? RM 1 Mil?

usually panic from stock market only then follow by prop market...

as far as i know not many chinese invest in share market, (china share is limited liquidity mostly control by govt, very similar to msia epf, khazanah etc),  chinese invest mainly in prop. individual foreigner cant buy china share but ok to buy prop. china govt just banned foreigner buying prop since last year, this is the main reason the prop price dropped recently. but china prop hv been increased for about 5x in last 10years. so if the prop now drop 20-30% i think many chinese will jump in to buy again (now only dropped less than 5%) and push up the price. if china govt to open to foreigner to buy again, the prop price will go crazy again. i hv many sg, hk, taiwan, msia fren are waiting to invest china prop again. initially they want to invest in msia but they now prefer china ..waiting for the buy signal.

I am wondering whether the US will default on its bonds soon and what is the impact on the Malaysian economy. 

Not 100% actually.

Why a lot of people want to buy properties in current scenario?
Because it can make profit or a lot of profit for them.
Once the profit cycle is killed, just like US housing bubbles, those buyers can become nowhere to find.

People want to buy properties simply it is making a lot of profit for the last 5 years.
Just like an animal (sorry no offence, not mean directly, just illustrate) can find foods at place A, the animal will constantly go to place A, until cannot find the foods at place A.
Same with stock market. Back 90's, a lot of people make good and easy money when bull run, lot of people were lurking around brokers houses, watching stock market everyday.

So if property market price stop rising for 2-3 years, or have a dip and doesn't shoot up back quickly, some of buyers or speculators may suddenly disappear.
There are lot of buyers around now because the properties price escalating non-stop for the last few years, and price surge quite significantly.

how about some pop pop from china
http://www.theaustralian.com.au/business/n...x-1226072284347

Looks like market there might have peaked already, unless the Chinese government takes away the restrictions they've put in place.

nice one

look back human history, the word job is only created when the industrial age came. there was no such thing as job, monthly salary, annual increment, annual bonus, etc back then. our ancestors did not have a resume, they did not go for job interview or job hopping and yet some have accumulate significant wealth. everyone, i mean everyone was doing some form of business to earn their living and some ultimately got very rich. just like today, only people some got very rich. "job" is only created to make the best use of human labour (whether blue collar or white collar) by paying them penny compare to how much the business can generate profit. when we are in a job, we are in the mercy of our boss, how much he is willing to pay us. if you argue you can hop to another job, great! you are still getting your new and higher salary in the mercy of your new boss. and regardless how high you climb the corporate ladder, there will always be someone telling you what you should do,  he will be judging you and tell you how much you worth. oh, in case you have not noticed, the boss might also be not be as smart as you are, he is your boss simply because he has some connection or additional few years of "experience". in the event of problem arise, he might solve a problem at your level of competency

why want to climb the corporate ladder when you can create and own one? i dont know the existence of any law to prevent you from doing your own business. how much you earn is total responsibility of yourself and only yourself. a lot of people complain that their salary has not increased and they didnt make enough money. we are conditioned and programmed by our schools to remember that working for a salary is the only way to make money. i cant recall if any of my teacher has told me "if you want to be rich, dont get a job". all i can remember is "get a job so that you can earn a lot of money" - which proven wrong in today's society. well, that was probably still true during the 80s in malaysia. today, throughout world, only those who can adapt to change, be creative and innovation, fixing problem at the root level can make a lot of money. unfortunately, being in a job does not allow a person to change (because of company policy), does not allow a person to be creative and innovation (because of company policy) and do not allow you to fix the problem at the root level (again, you guess it, because of company policy).

US is printing more and more money, how could inflation do not rise? QE2 is coming to the end. exciting show is ahead. it's a matter of time for global economy crisis (it's not a matter of "would it happen", it's a matter of "when would it happen"). by that time, do you think job is still a good option? instead of relying for a job to pay for a property, how about create some new job to pay for it 

it's me again, 25 year old fresh grad who's complaining can't afford to buy property...

well, to conclude a bit.. basically, there are 2 camps arguing in this forum ..those who ady in the boat, n another was people like me..can't afford to buy...

Those ady in the boat( Developers, Bankers, Valuers, houseowners, Investors, Speculators)
(play monopoly b4? u guys are as if those just bought the "little green n red" house earlier and setting high prices, and worst still, the 100 u earned last time is different with what we earned 100 this time...we are those "late comers" who came into the show n realized that " OMG.. it's freaking expensive...with the poor salary $200 collected every round, we keep on paying rental n taxes, yes ,of coz, we will broke soon, just admit it, this is the design of capitalism, n we have to admit it, it doesn't fair to late comers)

I do notice 1 forumer mentioned that "Demand is there" ..no worries...but do you understand the principle of economy is that "inverse relationship between demand and price"?

now all properties incl condo ady Sky high price - even though u willing to sell, young ppl willing to buy (but bank may not approve with relatively so low salary...) and pls don't blame the graduates that earning so little..it's not our fault...

I see many hardworking and talented graduates are performing exceptionally outstanding in academic and co-curriculum but as i said, u good in studies may not indicate good in "earning $$$".... there's no direct relationship....

what i could say our economy is distorted n sucks.... we have many high quality of graduates but with well trained, they can become somebody..believe me...

I use "Finance services" in economy as an example to give us a better picture...

Current M'sia job market:-

For example, take a finance major grad- who learned simply everything from A to Z in finance, how to hedge ,by what products (SWAP, forwards, futures) or how to price it? To apply Enterprise Risk Management to manage interest rate risk, liquidity risk, forex risk...To explain Basel III capital requirement ..Capital Market Master Plan..Ratio analysis..Bond Valuation..n etc) wow- U.S and UK syllabus... great!!!

I believe my UK syllabus is exactly same as what Singaporean learning as well ..but the difference is they got very good internship exposure n can landed on a very good first job...We Malaysia finance graduates most of the time doing the following:-

Banking jobs "generally" available in Job market of Malaysia -
In Generally- promoting credit card, personal loan, credit processing, credit recovery, balance transfer , etc.......

(Why our salary so low?? Simply, Bolehland can't attract FDI to produce high quality jobs who paid high salary)

take http://www.efinancialcareers.sg/ as example (as at 11/6/2011 1.36am)
1) to sort "jobs in Singapore"
> results show Showing 1-30 of 1104 jobs

2) to sort "jobs in Malaysia"
> results show Showing 1-28 of 28 jobs

(lol - pity us...SG had 39 times more than us )
(i pity myself too, perhaps i'm a loser why i'm not 1 of it that working in Raffles place in SG too...hehe)

Have a look
MALAYSIA JOB MARKET (derived from Jobstreet.com.my - Banking and finance jobs)


[SIZE=7]SINGAPORE JOB MARKET (derived from efinancialcareer- Banking and finance jobs)[

My point of view...

Singapore HDB (good quality houses, and can't compare at all with Malaysia low cost flat(some called it slum, and i admit), it respects the dignity and basic necessity for people who serve for the country)
Singapore Private dwellings- it caters for investors or speculators like some of you reading in this thread...if u got money, buy la..., no 1 will object)

Malaysia- whoever who invest in stock market also knew...
we ady lost FDI support long long time ago...now whose money to support the market at the level of 1500 ??? u tot our economy is really that good?? (YOUR ALL or OUR ALL own EPF money la, or our future generation MONEY)

aiyar.. I 25 years old.. i also know la..b4 general election come..

wow..stock market good..property market good..strong currency ...visionary future greater KL plan....100 mega storey...

simple economics theory, 3 pillars to boost the economy..
1) Export (b4 1997 crisis strategy- 4 little tiger ah....hehe...die soon la..totally lose out to Indonesia, China, Vietnam, Bangladesh, we ady stuck in middle income trap economy)
2) Private Consumption (last few years strategy la- c our household debt now, look layman beside u, every month after pay instalment, how much they leave??)
3) Government Spending (Last shot la- copy Dr.M strategy, Petronas Twin Towers, KLIA, now we have 100 Stories Tower, MRT project, Iskandar, Greater KL) Last time also got what MSC ah, CyberJaya ah, sigh...we always very "visionary" but in terms of execution ...sucks...

so...to attract pool of talents?? on what grounds??

1) higher inflation
2) low salary
3) high property price
4)high crime rate
5)high traffic congestion rate
6)highly career prospect??

perhaps i think
1)nasi lemak
2)rojak
3)kajang satay
4)roti canai

are the factors who could attract the talents back....ahahahaha
Singapore- Higher property price value can be justified (limited land,the value they created in their job, efficiency, strict law and regulation that do not tolerate corruption, friendly business environment, safety,etc)

Malaysia - on what grounds we property so expensive???
- limited land ar????
- our economy is so "good"???
- very high demand??? (many expats wanna come here to live, work n play???)

so..Minister n people..
dun always use the stupid reason to make comparison to compare la....
our oil and gas is still the cheapest in the region ( see Singapore how much, hey, we producing oil n gas,ok?)
our property prices are still very low in the region ( hey...ppl earning SGD ok ? ppl got HDB ok? u want all young ppl what ? staying in slum? or everyday travel from Seremban to KL ??)

what i only knew.. not only our property prices in distorted
our economy surely will burst soon..yeah
n we all Malaysian n future generation paid for it...

Come on la people( pls be considerate to the young ones, dun suka suka u guys still got option,> low cost flat, in fact, i been thru tat as well, everyday have to reach home earlier to fight for the car park, if too late, stuck ur car behind ppl car, then w/o ur handbreak, morning, let ppl move ur car freely up n down n pray earnestly not rolling down the slopes)
at 1am when u need to sleep after a heavy work, pray those "black ppl" not getting drunk n having party n open disco, in fact, i ady make telephone call to report to Police many times, u know, how efficient is our public services, reach within 30 mins, tegur a bit, they stop the loud music a while, then continue again, if u go to argue with the "black ppl", they will belasah you...malicious damage to ur car" ... n hope do not bring back ur gf or if u happen to have a daughter, be afraid of sexual harrassment, rape, stalker or whatever u called it... drug addicits are common to c ...stolen cars ..motorcycle...n etc )

sigh ....Malaysia.....
(Note- and i'm talking on a overview of macro picture n pls dun tell me how one individual is by all his efforts earning how much n how much...n telling me it's my fault that i earned less than RM10k a month, come on , just admit it ,it's a matter of fact our economy is almost stretch to the end ady and we all eyeing on the ETP....but ETP is just a vision , in terms of execution, many political factors discounted inside la)

i m sure sg and hk gomen is well prepare for the next crash... more then my... as my still in feel good mode...