The household debt taken out is alarming, but that's for YEAR? 2005 2006! i read them when i was at that time. Today the story might be different. Oh yeah! talking bout this blardy article! In the end did house prices went down? YES! it did but +-5% not much. Places like Ara Damansara is still selling like hotcakes. Double storey link housed were still sold at 3xxk which today had gone up to 5xxk. Hot places like Bangsar, PJ which i surveyed that time were not even budging from it's original price.
Moreover the Idris guy with his article is only 1 person POV we can't be living in others POV and neglect our live. IF you dont buy a home for yourself you will still be renting. It's da same old story.

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Added on September 7, 2011, 11:50 amso read mine carefully as well. I'm trying to correct some numb nuts who ask someone else NOT TO BUY despite the guy is getting married and needs a home.
Well my mistake was because i listened too much to the speculation as well. Everyone say home prices will be dropping, business will be going down and bla bla bla. But at the end... i missed it. To me the best chance when i can get the best bang of my money is when prices is speculated to be dropping or when the market is at the bottom. But again, i am nobody i do not have the extra bucks to mess around with my life. If the economy is at the bottom i would not dare to touch my asset nor my active cash flow.

This post has been edited by kidmad: Sep 7 2011, 11:58 AM

yg penting jangan sampai nak gadai underwear cukup... untuk memberi rumah... tiada apa yang boleh menghalang impian seseorang...

I suggest you do some research on Tokyo and New York housing prices.

Sigh, some people still don't get it, don't they?

This will be my last response to these topics. It's meaningless to argue.

My impression is, the housing markets in Tokyo/NYC haven't hit bottom yet, I might be wrong.
They had NEVER went down before and it would stay stagnant. The are more ppl wanting to move in instead of move out. Such area do you really think there is a chance the bubble will burst and everyone would want to sell them at below market value? double think.

Does someone living in MARS or something? Go google historic house price charts for Tokyo and New York, then someone will know why never say never.


The property market in coastal Chinese cities is a disaster waiting to happen, they got the most expensive properties in the world, they got empty apartment units that can house every child, man and woman in bolehsia and still got surplus. They look like Japan in the late 80s now... the prices shot up doesn't mean it will stay up there forever.
Again READ! i'm speak about hotspots. Coastal why you go and worry. It's like we are talking about Klang Valley but you go talk about houses in Nilai/Bagan Lalang.

Chinese coastal cities = Shanghai, Guangzhou, Shenzhen, Macau, Beijing, Hong Kong etc. All teir 1 cities along the eastern coast line in China. Are these the "hotspots" you are talking about?


Everyone needs a roof theory won't apply, if we had oversupply of houses. A 3 bedroom house can fit 2 people or 6 people or more. If recession hit, people lose their jobs, they can squeeze in their parents/relatives house if they can't afford to buy/rent.
Gentlemen, take it easy.
U know the growth rate of klang Valley? from 500k population up to date 6m population holding 1/5 of malaysia's population. With such high population you calculated how many homes required for all of us? I learned from my mistake. Thus my golden rule are always. BUY when you need it and INVEST when you have extra.

Population alone is not the key driver of house prices, it is the income of the population/businesses in the city driving the house prices.

Still doubtful? See Bangladesh, Sri Lanka, Lebanon, Rwanda so on and so forth.

Good luck with your golden rule! Cheers buddy.

So enlighten me if i am wrong. As far as i know my colleagues in JP are the ones who told me houses in TOKYO had never budge from it's original price thus they have to stay 40 minutes away from their working place. New York? The rental is going up yearly, if you can't afford there... come back again in 10 years time. Well so far i get to see lotta charts showing the downfall for houses value and price but for a studio apartment which i browse in London area 1 is still the same today as compare to last year. The value did not appreciate but it did not went down from my observation. I might be wrong cause i'm only benchmarking on a certain area due to some interest on the places.

So if you have some facts and data to correct me please do so. I do not live in Tokyo thus i rely on my colleagues who are working there to share and discuss about our living expenses. Same goes to the information i got from my colleagues who are working in Beijing, Phoenix Seattle and Prague.

what do you mean by original price? after the bubble burst?
japanese apartments are worth 1/3 of the peak price.

LOL, why should i look at the house prices? again you miss my point. Focus on your own life. Who are you again? you are no body. You can control the economy. Don't buy now? so when? By then you can gurantee the price went down?

You call those hot spots in China? We have Klang Valley and China has? It's Beijing only! Those Guanzhou and Shenzhen they are just building up recently in the past 10 years.

Now talking bout india.. that's nice. Their house in Bombay is more than double than our houses here in MY. You need 25% downpayment and you can only take 15 years loan for it... What's more let me think... oh yeah! their living standards and buying power. Now you see why their houses hardly sells?

Again, i myself is debating in this open forum not because i want to strongly stress the point that property would not bubble in the near future or anything but as long as our policy does not change... eg: giving 40 years tenure period for loan.... 10% down payment for your 1st and 2nd home... can get loan if you have fix deposit in your account even your earning capability is low.. and many more other factors... It would be tough to see property value to shoot down way below the current value. Rich people will continue to stay rich and salary worker like myself is stuck up with the fact that the price is being manipulated.

The places like HK, NY, TYO, SG. Their prices are still sky high. They are dropping to the PRICE WHERE they over valuated for at least 20% for these places. But do you see a drastic drop? Buying a small apart in NY is still USD700k...

No problem.

Tokyo

New York

Nice charts bro. Don't they tell you that prices after 2007 is stagnant? I believe you've seen it for yourselves from the charts.

tq..


I personally felt .... our trend in KV is very much similar to below chart....

http://www.jparsons.net/housingbubble/new_york.png

and it will stilll dropping another 20% for prop market..... according to reseach.... could go till $300k - $350k...

This post has been edited by sampool: Sep 7 2011, 03:04 PM

I believe you mentioned prices never dropped?

For New York prices have not been stagnant since 2007.

Yes indeed especially a few places which i have an eye on but again raw material prices had increase by 30%.

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Added on September 7, 2011, 3:16 pmand i believe i did mentioned in my previous post as well that it went stagnant? I might have grammatically put myself spot on but my message is simple, the prices had drop to a rate where they initially over valuated the houses in those places but since after that, i do not see any significant drop. I believe if you did follow on the news on what's going on in the US you would know. In 2007 when the US had the crisis, the property value for them is going down. What's the impact to the property value in MY again? I was hoping ours will follow suit... but right after that.. all i see is BARANG NAIK. Raw material naik, petrol naik, harga rumah naik, tambang toll naik, gula naik. All naik naik naik.

back in MY houses is still cheaper.... WAY cheaper to be honest but of course everything still ties back to how much a salary worker gets at the end of the month and how much they could fork out for a home.

This post has been edited by kidmad: Sep 7 2011, 03:17 PM

bro, you have made your point very well. many also did the same in the last thousands of posts!

ya, u either get it or u don't. the tragedy is when emotions take over in buying anything.

Why are you keep asking me who am I? I told you some say I look like the nobody Santa Claus! Doesn't it matter? I have to admit, I really do focus on my own life a lot.

I'm not asking anyone to buy or sell, everyone makes their own decision. Why do you listen to me? I'm nobody, I can't control the economy, I can't GUARANTEE the price movement so to speak.

We really can't compare Klang Valley with China, different league, they are giant and we are peanut.

China's GDP - almost US$6 trillion (second largest economy in the world), Malaysia's GDP - US$250 billion?

China is the largest creditor nation in the world, everything from top to bottom is made in China. It's really not Beijing only, they are the richest, an empire in this century no matter we like it or not.

Exactly! so why are we debating and benchmarking ourselves again? That is exactly my point. Everyone talks bout US, CN, JP, we are not even CLOSE TO THEM! in terms of living standard, property value, technology and yada yada but yet you keep talking bout others...

And from my post if you read back, i'm just trying to pin point to someone that if you need a home get it! (read back the previous page) it's always a better choice compared to renting but it lead us to this... haha i guess debating in an open forum always get your work up yeah?

Debate and arguments is all good, but this is getting a bit personal. There is no need to be emotional in an anonymous forum.
Bulls or Bears, lets get back to healthy discussion, share your observation and experience, back up your points with facts.

sorry 2 page back ya.

Yeap agree. LOL.

yg penting jangan sampai nak gadai underwear dah...

YES! that's why if you say totally don't buy... no i can't agree with it. Buy if you really need it and buy if you can afford it. We are not any big shots who would know what will happen with the property market in the near future. If we speculate that houses price will drop but it turn out to be the other way round what are the difference between us and those who speculate the price to go up?

huahahahaa this is true also
you have a point there.
a very good point in fact...