this debate very similar to when i live in shanghai from 2004 - 2009; 2 camps are debating if the price will further increase or drop.  at the end,the price continue to shot up like nobody biz.  many of them have gave up waiting and buy their 1st prop for own stay. shanghai is like a magnet, many graduates from all over china flocked in looking for job here (due to much higher salary than 2-3 tier cities). it is scary when u visit the job fair in shanghai. even the job fair is making money from the graduates. (lot of scam too). will KL be the same?? i think it is much depend on msia economy model. if msia open up like china and allow all co (non bumi and foreign) to compete in msia (no bumi preference, biz frenly etc) , msia economy will grow very fast and house price will be same like china, singapore etc. however, if msia continue to close door, then soon we will far behind indonesia, thai, vietnam etc. (which is more biz frenly countries)

so, which do u prefer?

slow economy --> affordable lower cost house (like 5-20 years ago with the protected NEP)
fast economy (like china model)--> high price house (after najib etp?)

i asked many ppl in china , most of them prefer the later. they dun want to go back to ming, qing, mao 's closed door era. (house is cheap, some even free and u can build house in any place u like). But today they want to participate in the economy growth, most prefer Deng's open economy model.  (except Tibet??)

what do you say?? May be different race has different preference? 
Malays/Bumi prefer protectionism NEP
non Malay prefer open door /full capitalisme model??

i think both has it pro and con.
if slow economy, everyone is poor (like today msian vs many advance countries) but no fighting
if fast , rich poor gap is very very wide, like US, China, Singapore etc (if u are smart ofcoz u like this model)

cheap loan is there many years ago...
of coz this is also part of the reason for speculation..

Ya, most of the time, price won't drop, but abandoned properties, or vacant property. 

No transaction, so price didn't drop... 

i don't understand why many people still thinks that once installment is higher than rent collectible, it's all doom.
and of course i can't speak for others especially investors if their school of thoughts are the same but consider this:
assuming the loan to be rm3k per month. how much goes to interest and how much goes to interest. this is going to be tricky because interest are initially high and taperring to low nearing the end of the tenure of the loan, right? so let's just say it's a 50/50 since by the time you finish the loan, it's like borrow rm720k, pay rm1.44mil. and so, again assuming the property does not appreciate in price and NEITHER does the property experience any drop in price (and for discussion's sake, please leave out the inflation factor for this illustration).
and the unit is rented out for say rm2.5k per month. now, the owner might be paying the additional rm500 to the bank and rm500 for maintenance. and so the big question is, is the owner losing money? is the owner at a disadvantage because he has got no positive cashflow?
i like to think that he is still making money albeit less. think of it differently, every month, he is forking out rm1k to foot a rm3.5k bill. in which, out of the rm3.5k bill, rm1.5k is his actual fixed gain (payment for principal). over the entire tenure period of the loan and when he succeed in paying off the loan, he would start to gain rm2k every month then + a fully paid property.
i know some will argue the above case with inflation, misc charges, etc.
but look at the macro aspect of it. and i believe that is why, most if not all speculators and investors are able to hold negative cashflow properties. problems only arises when rentals are lower than payment to banks that can't even cover the interest. but on hindsight, he is still paying less to own the property than a normal buyer on his own without rent.
but the above is just merely my own 2 yen...

You bring a very good point here,  AFFORDABILITY 

We have to think how to increase our income, work hard/work smart, increase productivity, 2 jobs?   

Sound very much like the old low cost housing scheme. Surprisingly, those low cost homes (16m x 50m) are going at RM 150K around kajang area now.

Glad that more and more people voicing out !!!

It just shows how serious the problem is now

Ya, and lot of hidden agenda, fee, manipulation, currency trick, fraud etc.  (same as UT, the unit holders always in the losing end, only the top management make big $)

I prefer to invest my own prop..eg shops etc

loan - RM220k
DP - RM 0
tenure - 30 yrs
int. - 4.5%
monthly payment = RM1115

For Sharing

http://www.malaysiakini.com/news/163947

他指出，地产商要在巴生谷兴建22万令吉以下的房屋是不可能的事情，因为巴生谷就住有我国三分之一的人口，其地产价格的升幅也排名全国最高。唯有柔佛、威省和马六甲还有可能兴建这个价格的房屋。

He pointed out that developers in the Klang Valley to 22 million ringgit following the construction of houses is impossible, because the Klang Valley to have our third of the population live, the real estate price increases also ranked highest in the country. Only Johor, Malacca, Gateway province and also the price of houses may be built.

I've heard from a banker that after the 70% LVT, many investor jump ship from goreng props to goreng shop lot 

Inflation starts to bite... I wonder when the petrol price will follow suit..

if prop price dropped, many sectors will suffer (includiing your job), but we can buy prop at lower prices.
If continue up, flipper and developers will win but mid income ppl will suffered. (can not afford and continue to rent or live with parent)

which scenerio do you prefer?

三是使别人愿意把钱送进自己的口袋。
这人成功的叫老千。

imo 2013 la  unless those highly experience peak gloomers can give other reasons
all their previous reasons has expired    & price of properties DID NOT DROP