man, you aint see nothing yet. 1/3? it has been 3/4!
and i have seen someone swiping 3 credit cards to pay for a unit's dwnpmt.
another one rush apply new cards pay for another.

when maybank ceo wahid talks in public about the need to clampdown on cards and personal loan, you know it is very serious:
http://www.themalaysianinsider.com/busines...-maybank-chief/

can deny forever... bolehsians and rich and fine - like greece....

very few are playing both prop and share.  for me, i am now more into prop. coz i dun hv time to trade/monitor share.  already cash out my share before 2008 crashed and concentrate in prop til now. since prop is not so liquid so it is difficult for me to go back to share now. now prefer to have stable passive income (rental).

Not really, still got a lot ppl playing both site....my group of friend all play both game.....now a bit suffer lah....fire kena tangan oledi.

One of my friend earn 400k++ from share market since 2008 - Jun 2011 and then he very tamak lor July 2011 go to refinace 2 prop and cash out 400k and pump in to share market and more "sohai" is almost all the money buy to same counter.....

Now the counter share all the way down from RM1.80 drop to RM1.20++, last week i makan with him...he's want me to belanja......wei...brother he's is Millionaire ler....muka masam sangat lor....

Now needed to serve many loan lor....CC (money cash out to share market), Car loan (new car jz bought this year), 3 props loan (last time only serve 1 housing loan).

Now he's is a little bit scare oledi, think until kepala besar to find solution and call out "lan heng lan di" to help.....

This is the most basic mistake for people buying shares.
Once the share price goes down they keep it, thinking it will go back up again in the future.
Unfortunately sometimes it doesn't.

God bless him... Bad Bad times are coming

Once things not handled properly... Millionaire jadi bankruptcy

What you guys don't realise is this is only half the truth.

There is a place in LYN for TZM Propaganda.  Please preach in http://forum.lowyat.net/topic/1679078

Any comments?

My dear ...anyway my gov has revenue/income besides borrowings...they get income through taxes, input from Petronas, etc.. Anyhow, the budget 2012 is a 'budget'..When soon they find out less income/less input from Petronas, they've to revise their plan or on hold some of the mega projects...So far, our country deficit is 4.7% as reported. Compared with GREECE...It's still far away ?

So, no point for you to feel scary at this point...

How abt ROL under greatest KL project?  How abt Legoland? How abt electrified double track(ipoh-padang besar)...I taught these are some mega projects?

what's your forecast of 2012 economy outlook than?

Read the facts. It has spoken. It's whether to accept it or stay in denial..

Well, u have to put some effort to find out the interesting story, u will get your answer and find out not only Ben Bernanke said so, why AIA in deep shit! Whose decision to tie-up the mortgage with insurance coverage! and the bank easily approve the sub-prime mortgage!
Is a trap setup by a group of big guy, if u wanna know more, just make a phone call to any friend in U.S bcos this's not secret anymore after the crisis and all American are knowing this.
Don't call me expert again, I'm just a normal person who earned million ringgit from property investment

No worries. One Q. R u gonna sell when it's not up to de price u wan? So I stil dun think it's gonna drop in price.

U r very rite tat developers ll build further away fr city. Lots a developers now focus at places like kajang, semenyih, rawang, bangi, etc etc.

guy the world is gone messy now the day gone by...if you still think malaysia property not head down ward then.....you are the guy invest heavy during the last few year.....you now denial it and want people from out sider to believe malaysia property never crash...buy some more to create you weatlh....
Face the fact....wake up....

Property Developers Hurting in China; New Homes Sales Down 50% in Shanghai; Preposterous Prices Won't Last; Commodities to be Hit in Building Slump

...  into bankruptcy.

"A wave of newly completed property is about to hit the market. Developers are likely to find themselves holding large volumes of unsold property."

In Shanghai -- where the average cost for one square metre of downtown housing was 48,000 yuan (about $7,500) last year, about 12 times the average monthly salary -- home buyers have little sympathy for cash-strapped developers.

"Considering the high housing prices in Shanghai, a new flat is just a dream," said Qian Xueqi, a manager at an international hotel.
Housing Math in China

One square meter = 10.7639104 square feet
Cost per square meter = $7,500
Cost per square foot = $7,500 ÷ 10.7639104 = $696.77
An 800 square foot home (74 square meters) would cost $557,418

How many in China can afford that? Moreover, other than bubble mentality, there is no reason to pay such prices, even if one could afford it.

http://globaleconomicanalysis.blogspot.com...?x#echocomments

that is more true than not, imo.
low productivity and incr debt is what is plaquing many nations.
bolehsia's national debt at 51% gdp now, the law will need amendment when it hits 55%:
http://www.themalaysianinsider.com/malaysi...ng-warns-anwar/
one can argue 70% is still fine since usa is at 100% and took greece at 180% to see riots on the streets.

The difference between bolehland and US is that in US, loan are given to unqualified owners without assessing their repayment capability...
US government start giving guarantee to lenders to lend money to any tom dxck and harry..
Investment products are marketed as AAA rating and sold to other countries to fund their citizen's home loan...
Since the citizen has no obligation and just default when they cant repay..
When owners start defaulting their loan, it creates a ripple effect from US to other countries who bought their bad assets..

Americans are always live in debts, much more higher debt ratio compare to us.. it is shocking to see they willing to default their homeloan 1st but maintaining other debts to fund their lifestyle..

It is very different compare to Asians who position our home as the center of our life.. we can sell our cars but not our house, but the American did the other way round..

No doubt job opportunity in US is alarming.. a major factor is that all the manufacturing and outsourcing are done in low cost country which are asian countries.. Malaysia is a good example... there are plenty of jobs here bcos all this giant MNC set up their company in this low cost country, those are American companies, but majority of their emplyees are non-Americans..

Another factor that set us apart from the US is that Bolehland's bank are still being strictly ruled, credit profiles are still strictly examined, unlike the yankee's practising cowboy style...

so is Msia going into subprime?

i think econ cycle is oni benefit to the rich.  they will accumulate more $ and push up prices and rental.  our barang will oni be more expensive due to higher rental. eg mix rice, drinks etc.
of coz the developers will be happy to folow suit.

we normal ppl can opni forced to follow their game.

If you fork out your own cash money you will still get the same amount gain la. Don't look at the % it's deceiving. The only difference here which we need to take into consideration is bank lawyer fee + 5% incase of lock in period. You save quite a huge sum from there. You put down payment when VP you flip and earn 100k, the person who use their own hard cash will have the same amount of earnings.

*however a greedy cash load free person will be looking into a few unit and instead of buying 1 unit most likely he will take his hard cash and split it to a few.

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Added on October 19, 2011, 12:52 pm

Bro mana cari roti canai 40 cent and 60 cent teh tarik? if i can find a place here in CBJ ill go there everyday for breakfast. ahaha

Conclusion:
Household debt getting high + GDP is not increasing + BNM making stricter rules + External influence of global economy meltdown + Maya Theory = GG