http://biz.thestar.com.my/news/story.asp?f...51&sec=business

A sign of recession?

Who said, US need to repay it?

Just because you cannot afford, they are overvalued? No offence.

If you are not afford for 700k, you are out of the game, but it doesn't mean others won't able to afford it.

There may others new generation who are capable in earning power to get a 700k loan.

We cannot look at ourself situation, or just something around us to judge, hey most people cannot afford a 700k loan because most are earning 3-5k.

Example US is lending more then they are able to pay la.

then you just don't follow them lo....learn from them la

It is, my brother in law work as a cook in 5 star hotel has been laying off as well.

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Added on November 2, 2011, 5:57 pmWhy not you learn from them instead?

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Added on November 2, 2011, 5:59 pmOk, yes that is true. Me does not mean everyone. 3-5k can loan 700k, you must be kidding, 5k only can loan max 450 - 500k only.

This post has been edited by kelvinfixx: Nov 2 2011, 05:59 PM

I do learn from their bad experiences lo. that's why I tell you this.

Good luck.

in many cities eg shanghai, BJ, etc,, each can oni buy 1 prop. so even it is cheaper 20-30% they cant buy.

there are also many young shanghainess can not buy new prop coz they inherit old prop from parent (even the prop is more than 50 year run down prop or they live together with parent after married)

there are many new migrant (from other smaller cities) waiting to buy prop and need to reside in shanghai more than 1 year to qualify to buy a home in shanghai.

there are also many foreigners waiting govt to relax the rule to allow them to buy house in shanghai. (instead of renting)

so, not many ppl are qualified to buy prop now in sh.. so the developers are very nervous and waiting govt to relax the rules. only the small developer start to offer discount (cash flow problem) but the big developer still stay firm in price. they know the govt will relax the buying rule after implement rpgt like policy or some new tax system nationwide..(many expect new policy in mid 2012 and allow ppl to buy more than 1 prop, and relax to foreigners /migrants etc.

all the above demand is not a small amount. imagine the population in shanghai....

also, discounted prop is always different spec from the earlier one.

so after china govt relax the rule, BBB mode will start again..

If it's 700k you cannot EVEN GET THE LOAN IN THE 1st place la. Don' t talk about it and go find away to get the 700k loan.

If they keep printing more and more money what will it lead to? Money value going down la! When money value going down what happen? Price of goods will shoot up la same goes to homes and properties. Such simple logic you can't think striaght?

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Added on November 2, 2011, 8:51 pmand yet there are so many ppl here talking about CN property price going down the drain. To those who keep taking CN to benchmark please do your homework first before you compare MY to CN. Myself is not a property agent nor a flipper but i do READ first before speculating like some jokers does here.

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Added on November 2, 2011, 8:58 pmRecession aper benda? You know what is going on with HLB or not? I'm impress with ppl like you simply pluck an aritcle out from the sky then putting it here sign of recession.

HLB just own EON recently and having 2 huge financial institution merging, do you think they need that much staff? They offering VSS which is a damn good sign to me, if i am feeling bored with my job and my company were to merge with bigger corporation and they offer this i might take the damn deal and goyang kaki a couple of months looking for other job.

This post has been edited by kidmad: Nov 2 2011, 08:58 PM

this is only correct to an extent. not quite as simple as you put it.

This post has been edited by AVFAN: Nov 2 2011, 09:39 PM

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Added on November 2, 2011, 8:58 pm

Recession aper benda? You know what is going on with HLB or not? I'm impress with ppl like you simply pluck an aritcle out from the sky then putting it here sign of recession.

HLB just own EON recently and having 2 huge financial institution merging, do you think they need that much staff? They offering VSS which is a damn good sign to me, if i am feeling bored with my job and my company were to merge with bigger corporation and they offer this i might take the damn deal and goyang kaki a couple of months looking for other job.

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Come on, Kidman, VSS is a good sign? Try to read more before commenting.

herein lies the contention.
are most people having good enough income now to pay for homes at current prices?
that's why there are debt ratios, home prices/income ratios, gdp per capita vs home prices, etc. - early warnings.
the "facts" are all there, subject to interpretation. heck, even parliament is now furiously debating if debt levels are too high or not high at all.
it's the same thing on the broader subject of how healthy is my's economy. some say good, some say it's doomed.
one can argue till green in the face... just take a stand and abide by "live by the sword, die by the sword".

This post has been edited by AVFAN: Nov 2 2011, 09:41 PM

That itself is good enough to justify until that certain extend. Don't you think so? If our country starts printing like how ID and TH had use to then we are in deep shit. Don't even talk about property price going down. Even your good life now would turn upside down. Those who think that if bank negara keeps printing money and when we will go bankrupt and they will have a chance to buy a cheap property... That's pure naive thinking.

HLB merge with EON, if they did not announce 1/2 of their staff head count to be chopped off that is a damn good sign already. What you expect? Had you ever been a coperate world before? When 2 large organisation merges the 1st think which we people worry is getting laid off just like that. VSS is giving you so much compensation and now HLB is asking for volunteers. What else you expect? Love letter from the mangement saying that with immediate effect please pack your things and leave the office? Which you prefer?

This post has been edited by kidmad: Nov 2 2011, 09:50 PM

+1

This THREAD is really long life la... from V1 till V3 page 118...still debating...

at the same time, property price is still heading up.

Hoping for V4, V5, V6....to be continued.

you sure about this?
maybe true for new from developer. how are they selling?
subsale transacted, i think stagnant.

ok, here we go again.

This post has been edited by AVFAN: Nov 2 2011, 11:04 PM

Kekeke .. maybe at V10 someone will be able to say ... I told you so!!

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Added on November 2, 2011, 11:12 pmNo ler ... must have periods like this.. in fact has always been like this, only recently the transition period has been cut short..

If always up up up ... die very fast

This post has been edited by 1ullaby: Nov 2 2011, 11:12 PM

Tat might b many yrs later. But stil I think prices ll go upward rather backward. Stagnant now n won't drop drastically.

Well I dont disagree, depend how long u mean la .. I'm giving this decade to Asia anyway

But I still dont pity some greedy developers .. they do deserve the anxious moment they're in now ... lol

This is exactly the problem.
You describe 300k apartments as affordable, but previously you could get an apartment in a good location for below 100k.