What happen if Malaysia property were to drop in the same magnitude? RM1.3M drop to RM0.975, a slash of whopping RM325K. There goes his BMW.

Your friend is a good payer to continue serve the loan even though the property price has dropped.

Luckily the house I bought early this year has appreciated. Some cushion for the price to drop and I have planned the whole finance of the house.

This post has been edited by GangHo: Jun 15 2011, 06:42 PM

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It is because we had no such magnitude of bubble before.
Partly due to more conservative nature of our banking system.

Sometimes, you need to look at the banking system or financial, once they too relax about lending practice, then it is a dangerous sign.

Most bubbles are similar if look back the history, too easy to get credit, too optimism, complacency.
When everyone especially the bearish people finally give up their bearish view and concede that the price won't fall, then most of the time, price hit the peak.
Peak always happened when people cannot see the peak time. Get what I mean.

I love Malaysia. Politics aside. Malaysia is the best country to stay. Those who migrate know. They bang balls but no face to come back. I have heard some cases come back also. Money is not everything. Your root is HERE. If you are rich, you really can live like a king in malaysia. Eveeything also got here. good food, good weather, good girls, good pubs, good shopping, good beaches, durians, teh tarik, as they say, apa lancixx pun ada.

Didn't agreed!

Malaysian is selfish and not friendly, this is my exprience.

As for government sector, the service is really terrible especially the hospital service. The only government sector that is really efficient is Inland Revenue Board.

Hey, those migrated don't agree is because they try to convince themselves they made the right decision. Don't come back la, stay in the place where you have migrated and you still be a migrant... forever. You still go to malaysian church or asian churh what even thoug you are in overseas. can assimilate into the mainstream society meh, not really la...naive people...

Yeah, once it's too easy to get a loan the problems usually start.
I do notice that the criteria that banks use have been less stringent lately. Before it was 1/3 of salary for total loans, now you can hear stories of up to 80% of salary for housing loans alone.

I guess it's more difficult for people who start buying their first home to see that prices are quite high at the moment. For me I can see things that are really crazy. I rented a fully furnished Vista Komanwel B (very near to LRT) for 1,200 up until 2006. Now people are talking about rents between 2k and 3k in Bukit Jalil.

Hard to say that this is true without some solid studies and it is anyway a meaningless statement unless you compare it to other asset classes. Can't you also say, "no one can deny majority of ppl invest in bonds made $ over long term. those loss $ is minority"?

Personal story: my mother bought a small three-storey house in Taman Sri Muda, Shah Alam, 28 years ago. It's a freehold property too. It cost more than RM90k even then. Today the house is worth like what, maybe RM120k? I guess you could say that she didn't lose money, but her return is so pathetic as to be negligible.

one of my friends bought his property recently.
while he is taking his loan, he just asked about his 'available' credit for his next purchase.
the banker told him he still got about rm800k for his next loan before being capped by 70% LTV.
the banker further advise that he should mati mati get a property around rm800k as his next purchase else he would have wasted hi credit opportunity?
i was thinking wtf??!!

wah really BBB mode...

I think bankers now is trying all their best to get very high bonus.. cus they know.. once bubble.. they will get 0 bonus.. and they might need to change job~

even tellers getting 9 months bonus @ alliance.
jialat!

0 bonus i think is still ok... if they still got the job...

This post has been edited by sampool: Jun 16 2011, 11:18 AM

Yeah, everybody is crazy nowaday! Only see profit but can they also take the loss if there isa bubble? You have to be mentally and financially strong to be in speculative business.

ya.. not need to work loh.. just buy properties and rent to ppl...

Ya, I'm also dreaming about collecting rental to pass the day but, when? Pity, no moneyleh!

Yup, Malaysia is a nice place to stay putting aside local politics.

But can it stay the same 10-20 yrs down the road? All we know is things are deteriorating in terms of security, corruption index, racial policies, polarization, education, job opportunities etc etc.

Think every single individual that born and breed here is responsible to ensure future of the next generation is secure in the land. 53 yrs is certainly too long for any party to stay in power in this planet earth. It is like firm endorsement for the same leaders and their sons/daughters to rule this land like a family business. Two party system is the way to go to have check and balance. Nobody is clean but at least corruption cases can certainly be reduced.

We don't want to see the next generations working as cheap labors overseas like Indos and Filipinos. Signs are already there as so many of our family members and friends are working overseas and many have migrated and more to come. Influx of cheap foreign labors legal and illegal taking over this land. There are way to many Marcos and Suhartos in this country. Up to rakyat whether they want to see beyond their myopic view or continue tidak apa attitude.

Do you want your properties devalue when all hell break lose? It will be too late.

This is a fine blessed country. Used to travel quite often across the Causeway. Noticed significant change of landscape from Woodland high tech semi con factories to vast green palm oil plantations. Similar flying from dry desert Middle East across barren India continent and arrived on a green fertile land. Other countries they need to continue develop new technologies, businesses, factories so they can survive. Over here the natural, sun, rain and fertile soil is working for us. Why until todate many still struggling for survival? Something seriously no right. It is disheartening to see this country wasted away each day.

Condemn the politicians and not the country, that's the root of all problems and everyone should shoot the bull eye till the regime collapse. That's consider contribution to the next generations and motherland.

This post has been edited by Bobby C: Jun 16 2011, 01:30 PM

vote to change

Give PR a chance, no more Barang NAik

Wake up ppl

Ubah ~~~~ ~

Malaysians are talented people, Tony Pua, Farish Noor, Azmi Sharom, Ambiga etc etc. These people shall be in the ministerial level be it Finance, Education, Law.

But there is another group of talent in the production industry. Almost fall out from the chair. Have a good laugh.

http://www.youtube.com/user/nasilemak2020#p/u