it's sad to see how one would think about our economy. Ppl who are expecting the economy to collapse. Ppl who are expecting recession and instability within a country. Do you guys really want to be in a situation like the Greek and American? Seriously?

When the economy system collapse, it isn't the flippers who hurt the most, nor the richest in the country, nor he middle class earner. It's those who are bringing home RM800 per month working in a factory. They had been struggling all their life and if the economy would really turn that bad like what some expected, they are the first to suffer.

I would like to illiterate here. The richest would just choose to life modest, the middle class would just choose to tie their appetite and the poor will have to go through hunger and lost of shelter. That is exactly what would happen if it turn bad.

Ppl talk about inflation which jacks the price up. Ppl talk about low wages which they are getting. Guys, have you failed to notice? When a price hike occur, it isn't only inflation we are talking about. We talk about price hike on raw materials. We talk about competitiveness in the market. We talk about luxury life moving forward. Do you have a cell phone in the past? Do you have a computer in the past? Do you have console, gadgets, shopping malls, wide variety of brand for every product, fine dining, cars, and even futuristic houses in the past?

Now days everyone carries a cellphone, most of us who started working would have a car, most of us would be able to purchase a home when we are in our mid 20's or late 20's, most of us have more than enough FOOD to feed ourselves daily. Does inflation really impacted your life that bad?

Some were telling me that they are being paid cheap but have you asked yourself, have you done enough to be paid well? When ppl here are ranting, whining, and bitcxing on how unfair they are being paid, my company is offering 80k - 120k per annum to hire a local Malaysia which has the skill for a certain area of expertise. Unfortunately there is not many Malaysian with the skills and we ended up paying more to get ppl from India, Phillipines, Europe, Middle East and some other from the other region of the globe to work for us. My question to you guys are simple. Why are you not the one my company is looking for?

My take at the end of the day on property market.

The hotspots would remain hotspots, price for properties would most probably stagnant. HOPEFULLY.
The areas which are building up will then be a hotspot in a few years to come, knowing that the population in KV is growing termendously.


This post has been edited by kidmad: Nov 3 2011, 10:25 AM

1st, you are wrong in the part 400k to 3k. That will not be approved by the bank and Najib had realize his mistake which they are considering to increase it to RM6k household income which i believe there is still no news on that. Please read the news paper more.

2nd, what do you mean lacking of quality affordable house? How affordable and how much quality do you need in a house? Raw material price had increase more than 30% since 2007 so do you think property prices will still be the same like what it used to be? Again, you are saying that your salary is suppose to be working along with the property price but have you done enough to make sure your salary is tally against the property value?

3rd, that is the worst thing you would want to happen, if government printing more money it's equivalent to money value falling. When currency value drops that's when ppl thought inflation is happening but it isn't. It's just that our currency had degraded to a level that last time it used to be RM1 but now the RM1 had became RM2. Thus when you think property prices is sky high, have you realize that the currency value which malaysia have today is 2.5 times lower compared to singapore which was once only 1.5 times lower?

*Instead of hoping for the wrong thing, why don't you do the right thing in the next GE? The root cause to Malaysia poverty it isn't because of the property market. It's due to 101 reasons which most of us already know. When we are able to ensure all 13 state to operate like Penang, i am pretty confident that our living standards will increase follow suit.

I have to agree with you on some points, they do valid.
they can't seem to catch up to being minimumly comfortable with their lives indeed some ppl do face such situation, they might be slower they might no be at a fast phase but hey i am damn sure that they are feeling contented with what they are doing. If you do not belong to these group of people i believe you would not feel them. They are ok to live further from town, i know ppl who are living in Nilai and working in KL. They take life easier they work hard but at the same time they do not get paid well. But does this group of people love making decision? That's another question which you should ask. Only HotSpots in KV which prices had shoot skyhigh. You can still get affordable places in Rawang, Dengkil, Serdang, well Sungai Buloh used to be but not after MRT announcement. So question yourself, why do you want to fight for house prices which you think it's being overpriced? Go for the cheaper ones. you can make your own choice. Don't wait for others to make it for you, don't play the blaming game.

be realistic. for every employer, there is an employee. for every rich person, there is a poor one. for every smart kid out there, there is a dumb one
I believe quite a number of people are realistic and that's why they bought houses in Setia Alam when it was an empty place where double storey were only RM180k. When they bought those houses for their own stay had their ever though of the price would shoot up to RM400k today? What goes around comes around. and you are right as well for every rich person there is a poor one but not to the extend being dumb. If you are dumb pretty much you are not worth to be employed. If you are slow ppl could accept it but if your company is a fast phase moving ahead of others i would recommend you to look for other options. People who are ranting here are just not grateful enough to what the older generation had done for us, they blame the older generation instead of finding a solution and that's exactly what is happening. The moment you blame and start ranting instead of working out a solution for yourself, sorry i just have to say YOU GOTTA DO BETTER AND STOP COMPLAINING.

price of property shot up too fast for people to catch up
Then move on! why do you want to stay in a fast phase environment when you can't catch up? Given me a chance i would like to move on to rural area. I would definitely love to move back to my hometown once i earn enough here. Do you really think i like the hustle and bustle? You have the option to always go back to where you came from. Houses in rural area are still cheap, i can still browse for houses which is RM120k in rural area. I can move back and find a job which pays me RM1.2k +- do some side income sell nasi lemak and pay for the house. If it's your option to choose to live in a City competing with others i would recon you to reconsider your option. House prices are going up for sure driven by X number of factors. Flippers themselves are not the only factor why house prices shooting up.

Please take note, myself aren't a flipper as well. I am just a salary earner who worked 4 years in KV without my own space i had been renting for the past 4 years because i can't afford a place and that doesn't give me ultimatum to PRAY HARD for the prices of housing in KV to fall. Time and tide waits for no one. If you can't stop the price increasing then get one now and stop waiting. At the end of the day it's your option to make.

This post has been edited by kidmad: Nov 3 2011, 12:37 PM

+1, where is debtismoney? He will come in say we will fall back into using GOLD BARS! haha

@TheDoer

bro, your points would be valid if there are more speculators compared to genuine buyer? Well i am not too sure about others but i know a couple of relative who himself alone is buying more than anyone of us in the family combine. His Properties when you ask him? lost count.

What i wanted to say is that as long as the GLC, Cronies and the few who are reaping the wealth from us is still there, there is nothing much we can do. Ppl are buying without going through the bank when we need 3-4 months time to complete the lawyer and loan process done. All they need to do is, they get their relative signatures here and there and reap the benefit out of it.

If there is more of this kind of people compared to flipper then your logic has a BIG FLAW. As far as i know, our economy is being monopolized and i do believe there are only a few heads who are controlling them. Just a quick example the fellow in Sime Darby...

This post has been edited by kidmad: Nov 8 2011, 05:43 PM

this i gotta agree. those soho unit. 1 bathroom 1 bedroom, those are seriously in danger.

what does credit card limit got to do with house price?

i have 45k credit limit and utang less than 1k does that mean with that much limit i can go and laverage?

Educate the governance to clear off their debt first la. RM500b. What you owe the bank is just that small little puny money compared to how our government mismanage our funds. They did the wrong thing from the very beginning, what's the point of limiting middle class and lower class earner CREDIT capability? you think your credit and my credit capability combine actually play that much impact to the property market?

They target the wrong group of ppl from the very beginning. The group of ppl which they should target are those who are buying homes like vegetables. Setup a rule, each person can only have 2 HOME! that would stop the buying. If they do not do the right thing and continue practising the wrong thing. it's sad to say we will never move. 20% DP for 3rd home? Ppl are buying home without going through banks.

You guys new to the credit card sector ah? BT? i have 3 cards 15k each you go try get another new one when all 3 having maximum credit. See you can get it approve or not. Adding on, if you want cards with 15k credit limit you need ot have the earning capability before you even get it in the 1st place. You can try using 1 card swipe it 15k 1 go and next thing try to go apply for a new one. Come and tell me whether they get approve or otherwise.

P/S: Even if th bank approve you will not be able to get 15k credit limit most likely you will be only getting 5k. Which happens to me previously. Been there done that. If you think it's as simple as that go ahead and do it. BT will be factor in as part of the credit which you have with the bank, and in the end you might not even get your loan being approve if you have high CC debts. You can do it to 1 or 2 unit if you like but having such CC debt you must have a steady income in the 1st place to begin with.

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Added on November 17, 2011, 7:03 pmHaha not too sure 30% or 20% but most ppl who can afford for 3rd home most likely will only need a minimum loan from the bank.

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Added on November 17, 2011, 7:10 pmYeah booking fee might help too. but 20 - 30%? nah that would never happen. Quick example to houses build by PKNS. If you know internal ppl you can book even without paying a single CENT. DAMN! To be honest i am quite furious knowing this but i do not want to debte much on the matter.

This post has been edited by kidmad: Nov 17 2011, 07:10 PM

FACTs? fact or speculating even on credit card? I've been there done that and i even remembering i pmed airline on personal loan to CLEAR my credit card debts because i need my credit card debts to be free from the 15k credit which i owe the bank. I tried applying and they only approve credit card with 5k credit limit to me, reason being i need to clear off my old credit card debt. I ended up using my companies AMEX credit card for my business travel.

THATS A FACT.

to ppl like katijar saying that you can easily get a credit card and this cover that. Let me tell you right upfront, it would not happen. Unless from the very beginning you have the earning capability and you had taken 3-4 credit cards from the very beginning. Those earning 2-4k, you really think they would have that much credit limit? Those which already done BT, you really think they can easily get another credit card with the same credit limit? If it's so easy i would have been using it for my own benefit now.

This post has been edited by kidmad: Nov 17 2011, 07:16 PM

so do you even know what others are doing in the 1st place? You have not gone through that path and yet you wanted to comment as if you have done that. Those bullshit telling you that it's so easily done, have you TRIED it in the 1st place? Everyone here is talking about other, others and others. You see this guy how he laverage wah 10 credit card buy so many house sell. Another one come you see this guy borrow so much money ah this cover that that cover this. You guys are not only talking without facts, you do not even have such personal experience going through all these pain in the arse proceses. All you do is shooting point blank leading 1 sheep to a brain drain situation and 1 followed by another.

If you have failed to realise, i do not agree to ppl like ROY in how the way he invest infact it's not even going to happen to be honest but at the sametime i don't agree as well with ppl who come here and talk about credit card debt which is TOTALLY irellevant to the property sector. Talk about BT, TALK about 10 credit cards. You done a 15k BT before? Why not you try to do that first and come tell me what's stated in your CCRISS report.

This post has been edited by kidmad: Nov 17 2011, 07:27 PM

2 years ago? It's only recently this year itself. 32k using 1 credit limit. Eh boss, your earning capability is high la. You can have another 32k credit card gores at no problem la bro. Unless you are telling me you are earning lesser than 110k per annum, then that would make me wonder.

to be honest please don't believe anyone. Just take this as a pinch of salt and move on. Do your own judgement and do consider your own situation before putting your signatures in those paper.

by the way, i was hoping debtismoney would be back to defend his claim on the property market.

i feel you i feel you. haha but hey for salary earner like us that's part and parcel of our monthly contribution to those.... god knows who's pocket. can't really avoid the tax la. well about the credit card can't help. banks like OCBC if your home loan approve they even pre approve 39k personal loan and 63k home reno loan for me. i am shock when i see that but i've told them too late settled with UOB by then time the offer reaches me. They are indeed hungry but only to those who they can still korek money from. Those ppl with high Personal loan debt and Cc debt i don't think this would be offered. I am being offered yearly by Maybank... Speechless at times. My mum asked me want me to help you bank in or not?

Dont fall for it man. U take it ur in higher debt liao.