i belong in the so called youngster group. i just graduated and started looking at properties, not to buy now but want to start planning so that i am able to buy in about 3 years to come.

from the looks of things, i doubt i can buy anything.

being an IT graduate means i will be working in town areas like KL. to be able to afford a roof over my head in town is out of the question. currently i live in Rawang and work in Damansara.

everyday pay toll, spend 1hr on the road, petrol also 200+. my car is 18yrs old and i dont plan to change it til it no longer can be revived.
right now houses in Rawang is already 200+, how much do u think it will be when i plan to buy in 3years time?

do i have to move to Tg Malim to be able to afford a house and still work in Damansara?

even with an old car that no longer requires installments, i am finding it just enough to make ends meet. how am i suppose to be earning just under 3k and yet service a 220k loan? lets not even bring up the interest that i have to be paying or the fact that i have to pay for the next 30 years. or the cost of living.


this is unsustainable. the government is not helping anybody with the scheme, only to get those who are bad at maths to commit to something above their means. in about 10yrs time, the majority of the workforce will be facing bankruptcy. im not even considering things like holidays and entertainment. starting a family is more of wishful thinking.

the way things are going, it all seems too bleak. anyone care to shed some light?

just my 2 cents

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Added on March 18, 2011, 11:55 amquote
"government should do some massive promotion on inviting them over to 'capitalise' on current situation. go big time on 'malaysia, my 2nd home' or express approval for japan citizens. do you guys agree?"

i think, those are the people who are supporting these speculators, thus keeping property prices high and out of reach from the ppl like me

This post has been edited by cleo87: Mar 18 2011, 11:55 AM

the 2nd home thing is getting out of control. its partly the cause of why penang is so expensive. right now i am living at home in rawang, paying only 300. i dont pay for anything other household expenses plus i have meals whenever i am home. renting in damansara is not so cheap.

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Added on March 18, 2011, 3:07 pmnot if u maintain the car well. so far it has never given me trouble. broke down only once because the modulator needed replacement. that also because i took it to the mechanic 2months before but he didnt detect the problem.

i only started to replace parts about 3years ago. rm300 every 6 months. beats paying car installments and i dont have to worry about people targeting my car.

This post has been edited by cleo87: Mar 18 2011, 03:07 PM

how about this, speculators buy from speculators, hoping to get in the game before it goes up? haha. they can keep each other in business. those 3 groups of ppl are very small group but they have cashflow to keep each other afloat. nobody took into account that they could be selling to each other

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Added on March 24, 2011, 5:16 pmfresh grad cannot afford whatever these people are offering. so there is no point to that unless they are willing to hold it for about 10 years for the graduates to reach that kind of earning capacity

This post has been edited by cleo87: Mar 24 2011, 05:16 PM

so no one can get loan, no one can afford to buy, speculators will have to bring down their price to the range which people can afford. auto correction. yay!

hahaha yeah i lived there for 3years. oh my goodness they make u curse when u miss it.

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Added on April 5, 2011, 4:38 pmmaybe CKHong you can convert and then demand your rights to 50% discount....

This post has been edited by cleo87: Apr 5 2011, 04:38 PM

http://biz.thestar.com.my/news/story.asp?f...03&sec=business

a good sign?

but old house can come with problems... old things need maintenance... plus nowadays people like gated community or service apartments. its the convenience and security

WB CKHong haha. plenty to read eh. both sides have good points. in the end its whether u found a sucker to sell cheap/buy expensive.
if you are the sucker then u got no one to blame

eh CKHong i didnt mean u were the sucker la haha. i meant those who can find a gem in d middle of the sh*t means they found some sucker who had commited above his head and now has to desperately sell.

or a buyer who sold to a sucker who buys at a very high price.

IMO, a 15% drop makes a huge difference when it comes to a 600k house. 500k i can consider and still have a comfortable margin but 600k is really pushing the limits. any unforeseeable happens and i would be in trouble.. so what im hoping for is 15-20. a crash of 50% means bad news all over the country. not good

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Added on April 11, 2011, 1:50 pma nice bungalow in Penang tanjung bungah was rm60k 30 years ago. now it is at least 2million. its all about location

This post has been edited by cleo87: Apr 11 2011, 01:50 PM

*high fives*

ya im waiting, not to make profit but because cannot afford. once i can, it doesnt matter go up or down because its for my own stay, wont be thinking of selling at least 10years. by then different market again d. im in no rush so can slowly wait... wait the waves out haha

yup yup! find moolah and go vacation first hahaha.

on top of that, got nice house to stay wor... save on rent. better than EPF lol and dont have to wait 55yrs old to withdraw

i totally agree with godutch. bt at the same time those genuine buyers take themselves off the market, a round of fresh grads take their places. people who couldnt afford it last year now have saved enough this year to purchase. it all comes back to supply/demand. right now the developers are launching like crazy. every weekend there is a new launch. so when the supply outweighs the demand, there will be that adjustment every one is waiting for.

i think the problem is not the local buyers but it is the foreign buyers who are influencing the market. those rich ones from HK are buying up lots like buying candy. so the illusion that demand is still there bt its not a local demand, i feel.

then a lot pg buyers, prop price continue to go up, those who cant afford to buy will rent. i think that is the current market

dont misunderstand. we are praying for a price adjustment of 15-20% or at least stagnant increase for awhile. some places the price increase by 20k in two months, how hard we work also cannot catch up la. nobody wants an economy crash. that would be bad news all over

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Added on April 13, 2011, 2:47 pmwahh...... that aggressive? then our banks are very very careful d

This post has been edited by cleo87: Apr 13 2011, 02:47 PM

is that why the banks are so aggressive in offering loans? meaning they aggressively pursue but the approval rate is stringent?

did anyone listen into One.fm yesterday? about what najib said about govt getting big names like Sime Darby to build affordable houses for us?

any truth to it?

This post has been edited by cleo87: Jun 24 2011, 10:10 AM

he named Sime Darby

did the govt ever mentioned how much the interest rate is for the 100% loan given out to those below 35? ive been AWOL from here 2mths d, still catching up on old threads.... u guys managed to add 70pages in 2mths!