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?

with today fast changes (due to advance technologies, internet, borderless era, globalization trade?) , the economy cycle will become shorter. so i think the future outcomes will be more drastic compare to those 20,30 years ago. the rich poor gap will become wider. Only the smarter people will survived (not veyr rich though), and the poors will suffered more. so one need to be very careful in their investment and money management. u cant expect the same as 20-30 years ago.

personally i think those people with good financial knowledge will be survived. u need to open up your mindset, think global. sharpen your investment knowledge.  like one said dun become katak di bawah tempurung.  those can take higher risk (calculated) will be rewarded. (like those tycoon.

share, commodities market become more volatile than before.
business is getting tougher, margin become thiner. (too many poors?)
new biz start failed sooner then previous. old biz cant sustain any longer.
more conmen than old days (try all new tatics to cheat u)
job opp is lesser, jobless rise. (and govt dun bother u)
your bank saving will become worthless. (fixed asset is better?)
prop market become uncertain due to too much speculation (unlike old days, stable and systematically appreciation)
so what to do? if u cant beat them jsut join them la - lets jump into prop and share lah.. see who is smarter.. or die standing..(become poorer)

property could be asset or liabilities at the blink of eye.

Note: i can see 1 prop adv from 680k and now asking 620k quietly now... wait and see over the times... soon soon, more and more offer...
2012

in sg, sh, hk, taiwan, korea...many low to mid income ppl eg working class, blue or white collar r ok to live in smaller, older apt, they know that the high end condo, landed prop r for the rich and expatriates. compare to kl, everyone want to live in new condo, landed prop (not old single storey but new DSL or SD, near city etc..some even want to buy new prop just after graduate. they feel shame if they live in old apartments. they are so many affordable old apartment out there but mostly rented to foreigners, blue collars etc. locals always think that they are higher status adn refuse to stay with the so called "low class ppl". look at sg, more than 80% citizen are living in HDB flat. they dun feel shame to stay together with blue collars workers, low income earners etc. wat's wrong with young msian??