LOL... 200% household debt..
maybe by that time.. there will be another thread
title is " what is the best way to suicide "
20% of malaysian population straight decrease..

Next generation loan? 

Instead pay home loan 30 years, extended to 70 years....   

May be 100 years loan also created. 
Surely lot of people take up 100 years home loan. 

good idea!! we are having car loan from 3 yrs to now we have max 10-11 yrs with 0 dp !! haha... the creativity part of extend to 100 yrs loan is when you buy a 99 yrs lease hold properties !! haha ...good la!! ask my grandson help me to pay ...maybe first 50 yrs of high -BLR and the ver ylow -BLR to my son or grandson ...kaka

LOL.. after our son finish pay.. then leashold reached its 99 years... ngam ngam bayar habis.. developer claim back..
cantik nyee ~~~
if the repayment period that long..
then all the rakyat life will be miserable 
we work as slave for the whole life... just to pay the bank and all the people up there..(so that they can eat eat eat)
malaysian export maid..  macam macam ada..
but i agreed.. after election CONFIRM fuel naik harga if the fuel is still that expensive...
be it BN or PKR (if any chance PKR won )

aiyo..simply birth more sons and multiply it with grandsons... a bangalow also possible la with devided liability... haha...and by then is your son and grandson work like a slave and you goyang kaki and recall your "smart" investment.. haha

Next generation loan? 

Instead pay home loan 30 years, extended to 70 years....   

May be 100 years loan also created. 
Surely lot of people take up 100 years home loan. 

aiyo..simply birth more sons and multiply it with grandsons... a bangalow also possible la with devided liability... haha...and by then is your son and grandson work like a slave and you goyang kaki and recall your "smart" investment.. haha

Citizen’s right to affordable housing

HAVING decent shelter, adequate food, good health care and education are basic human rights. The government has a moral responsibility to ensure that majority of its citizens can either own their house or afford to rent public housing.

Sadly for the citizens, affordable housing is not easily available. House prices have soared to exorbitant levels in major cities so that even the middle class cannot afford to own a house or apartment, let alone the lower classes. In 2009, the average house price in Kuala Lumpur was RM390,000 almost six times the average household income. It was even worse in Penang Island where the average house price was RM540,000 or eight times the average household income. Clearly, this is beyond the reach of the average family. A ratio of house price to household income of three to four times is internationally acceptable.

The problem is not that there are not enough houses but that there is a mismatch between demand and supply. The majority of Malaysians want affordable homes but developers are supplying houses that they cannot afford. Developers prefer to cater to investors and speculators who buy to rent or to flip over and make money. Many of these people own two or more houses. It is a fact that developers give preferences and reserve the best units for clients who buy multiple units even before a project is officially launched. Ordinary house buyers then have to queue and accept less desirable units or buy them from the investors usually at higher prices. Developers go overseas to aggressively market properties as they are still cheap by international standards.

The government through its misplaced priority is aiding this process by encouraging foreigners to invest not only in apartments but also landed property. Unlike Indonesia, the Philippines and Thailand, Malaysia is one of the few countries in Southeast Asia that allows foreigners to own landed property.

Banks also contribute to escalation of house prices through various aggressive marketing techniques. They have relaxed credit standards and are willing to lend up to 95% of the value of a property. They offer variable, rather than fixed-rate loans, to reduce initial instalments in a low-interest rate environment. Another method to reduce monthly instalments is to stretch the loan tenure to 40 years, beyond the work life of a borrower. The offer of two-generation loans that stretch to 70 years is a reflection of how absurd the situation has become. Borrowers are encouraged to saddle future generations with debt. Hence, the ready availability of housing loans - to those who are rich enough to buy multiple units, and to those who can barely afford to buy but are able to do through stretching loan tenure to unreasonable lengths or through offering low initial teaser rates – is a major cause of rising house prices.

To make housing affordable to ordinary Malaysians and to reduce unsustainable and unhealthy rise in property prices, the government should do the following.

Formulate a public housing policy that provides affordable housing, particularly in urban areas, to people below a certain level of income. A good example is the Singapore Housing Board where the government spearheads the building of affordable housing for a majority of its citizens. Alternatively, the government can consider doing this in partnership with the private sector. Where land is scarce and density high, a comprehensive planning of land use with provision of good public transport to reduce traffic congestion is necessary.

For the private housing sector, the government must take a leading role to monitor property prices and take appropriate and timely measures to prevent an unhealthy and unsustainable run up in property prices. One lesson of the financial crisis is central banks and policymakers have focused narrowly on consumer price and wage inflation and neglected to monitor and regulate asset price inflation. It is time to recognise that asset inflation (property and stocks) has posed a greater threat to financial and economic stability. The measure by Bank Negara to limit buyers of third property to a 70% loan to value ratio is not enough to curb excessive investment and speculation. We suggest that loan ratio be reduced to a much lower level to test the market reaction.

The government should increase property gains tax for short-term transactions. The present 5% property gains tax for property held under five years is not discriminating enough. The tax rate should be increased significantly for shorter holding period; the same should be done for sale of the second and successive properties.

The government should stop the sale of landed properties to foreigners. As for non-landed properties, foreigners should not be eligible for local housing loans, unless they are permanent residents.

Town planners and local councils should have comprehensive land use planning and give more importance to developing green and friendly cities, first class public transport system and less to the building of more shopping malls and roads.

The government should put the needs of the majority of Malaysians first.

S. M. Mohamed Idris
President
Consumers Association of Penang

those complain king who likes to blame speculators. u must ask urself, how do I generate income? 

for those who r aware of fannie mae & freddie mac story
http://www.youtube.com/watch?v=cMnSp4qEXNM
"Government mortgage companies played a pivotal role in the financial meltdown by handing out high-risk loans to families who couldn’t afford them." Rep Boehner

its bcos the minorities & those poor unfortunate complain kings in usa requested the political to help them get a house  
with that facility, those poor souls buy & refinance & get so many properties     
the bankers can't stop their loan application or kena penalty by the govt

we hav begin step 1, now just need to ride it & dun fight the bubble trend  it takes time for bubble to grow & 2 years too short la  
since we all know 220k prop is not much, the govt may need to reamend it to make those complain king hapi
later on, many decades later, all of us will kena       

too bad kenot short csell cagamas even tho its a berhad  time to reopen futures ac in klse

Black Pepper Sauce

Very much true. So sad with the reality in Malaysia.

LOL.. after our son finish pay.. then leashold reached its 99 years... ngam ngam bayar habis.. developer claim back..
cantik nyee ~~~
if the repayment period that long..
then all the rakyat life will be miserable 
we work as slave for the whole life... just to pay the bank and all the people up there..(so that they can eat eat eat)
malaysian export maid..  macam macam ada..
but i agreed.. after election CONFIRM fuel naik harga if the fuel is still that expensive...
be it BN or PKR (if any chance PKR won )

if burst, better burst fast and burst gaogao, price drop 80%.
if boom, better boom gaogao, price rocket high. only tycoon can buy.
really hate the situation now
(you can tell i am a desperate house buyer, no $$$, huahahaha)

haha
i somewhat agree with u
burst must burst hard
boom must also boom high
see how the game goes...

ppl talked about 2-gen loan
wonder how it works
mean u hv to already hv kids to apply for 2-gen loan?
if bachelor, how to justify to apply 2-gen loan?
must gurantee future will have children?