Your logic is you can compared with other countries because properties in bolehland are still DIRT CHEAP, but when talking about housing bubble burst we cannot compared with other countries because we are so FAR AWAY?

Income of the people in the particular country is the key factor, yes we are DIRT CHEAP compared to Singapore/Australia, but how much Singaporean/Aussie are making? 3 times income of an ordinary Joe in KL?

I'm not saying 250k-400k is not affordable, but investors are talking about 1k-2k psf these days, this is the bubble not the 250k-400k properties.

Trust me, the government guaranteed 100% loan will not do us any good! It will cause speculation frenzy and a false boom, follow by a greater crash! The US and Australian governments had done it, but all failed in tears.

Whoever wants to buy a house, save for the down payment, still can't afford it? Save until you can afford it, don't ever try to use credit cards and 0% balance transfer to pay for the down payment like some speculators do.

Interest rate at near 0% in the west, and they keep doing the QE experiment (money printing).

Why did they do that? Because they have to print new money to pay for the interest payment and government spending, so that they won't default on their sovereign debts.

It's not about a mere another round of inflation, it's about a total collapse of fiat paper currency system! When it happens, all the wealth in the economies will be transferred to the tangible asset holders such as GOLD, SILVER, COMMODITIES, and properties to a certain extent if you owned it outright or not leveraged to the max, when you have a big mortgage on your home, it's the bank own it not you.

When the mighty dollar/euro fail, do you think our ringgit will have a chance and be the last man standing? (because Mr. Kidmad asks why bother money printing in other countries?)

This is the main message I wanted to tell the people.

This post has been edited by debtismoney: Oct 12 2011, 10:21 PM

Any other asset class to invest in beside Gold & Silver ? Palm oil plantation, rubber, or, lands, etc ? I do feel that both property & metal are already at their high side.

Excellent point! The world is mean, either you win the race or keep on lagging further and further. Wishing for chances or changes that everybody can easily get access to it will just make u consistently lose the race.

since some advocate fall of paper money, so better the borrow (prop loan) as much as u can and pay peanut later. enjoy life first with your CASH.

Please bring your message to the TZM thread.

I wish to address you there.

In short, interest can be paid without printing new money, through products & services.

The current issues of keep printing and inflation, is due to other reasons.

@ TheDoer, what is the TZM thread? sori me new round here, cud u share the link pls. sounds interesting - wanna have a look see

I guess, can't really blame on rental and utility cause those things are scarce over there. But it does show us something doesn't it.

Growth doesn't mean inflation.

---

Added on October 13, 2011, 10:52 amhttp://forum.lowyat.net/topic/1679078/

Bear in mind we've reached a moot point, and are just hurling rubbish at this point.

Read the beginning or ask for clarification to judge.


This post has been edited by TheDoer: Oct 13 2011, 10:52 AM

everyone seeing the same as u see and those who has brain also can think of this, including our government. 100% loan for 400k defenitely will lead to property crisis. government r not stupid, but y still they want to do dat? i think everyone has the pic...

This I have to agree.

The government is more interested in buying votes than actually spending our money wisely.

Money will not dry up. But our quality of life will deteriorate, followed by more subsidies making the gov look like the heroes, when they were the devils to begin with.

If the purpose of money isn't for our livelihood and improving it. Why are we accumulating money for?

Guys please consider.

At the end of the day you are really contradicting yourselves. Initially all invest in GOLD. Start comparing properties from other countries. Talking about continuous printing of money. What's next? To me you are just giving me 101 reason not to buy a home but you still did not give us any solid argument on why the property price will drop.

Tell us something we do not know, i do wish the property prices will restructure with this i have a better buying power honestly, but base on facts that:
1) Not enough raw material for our so called MEGA Projects
2) Recession in other countries, which most likely lead quite alot of investors to SEA countries.
3) Natural Disaster in other countries, which most likely attract loads of ppl to Malaysia for their retirement age.
4) Knowing that there would be a couple of Huge Giant MNC will be opening operation offices in Malaysia. Even Top Glove would be expending their business and soon they would have mass hiring.
5) The increase of buying power due to gross wages, 3 years back Job & Career Section is debating on 2k as a fresh graduate salary, now all talking about 2.5k and above
6) ... yada yada. I do not wish to elobrate more but this are personal views on the current situation in Malaysia.

Personally i think Malaysia had a bright future ahead, IF we have a better management to our own economy.

This post has been edited by kidmad: Oct 13 2011, 04:56 PM

Completely agree.

that's precisely what the icelanders and greeks did - don't save, borrow, spend, speculate.
the life will surely be colorful. the children and grandchildren will pay for it.

so for those without children can continue to spend, dont care the country to collasp or not..
there are thousands of rich ppl in iceland, greek still enjoy colorful life . same as USA, country broke but still lot of millionaire/billionaire. i dun think they own child/grand child will suffer ..

that is 100% true, same in my. for every 1 that gets rich and gets away, 100 will suffer later. depends on which side you're on.

i want to be the 1% side! so borrow more, spend more, speculate more to become rich.

if yr timing to cash out is right on the spot...then u are in the 1% group but then again, every time you borrow more, your greed grow even more...good luck

This post has been edited by Iceman74: Oct 13 2011, 08:49 PM

timing no good then transfer millions of $$ to oversea (eg China etc ) and declare bankrupt la. i dun think Msia bank can touch China bank accounts.
can still spend like king in Msia.. china credit card, ATM, t/t etc. Sound good?

i hope you knew & prepare a valid reasons to open a foreign personal currency acc & to transfer large amount outside Malaysia

here is some food for thought

http://www.marketoracle.co.uk/Article22390.html

http://moneymorning.com/2010/12/08/asia-fo...ities-for-2011/


true or not