Of cos tis should b the way in logic. Otherwise how to create history.

the samething I would say.

Last time the 100k could be a big value, everyone feel costly. Now 300k could be a small value, everyone feel cheap.

You don't get what I am saying.
There are many people out there earn 7-8k or even up to 10K income, which can afford the 700k loan.
Just because a person getting 5K income, doesn't mean there are no people that can get 10k income, there can be 10k people around that are getting income.

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Added on November 3, 2011, 9:21 amThe VSS is because there will be overlapping of personnel after merger.
Ain't you see sometimes besides the road, there are EON and HLB just side by side?

Please get real, Malaysia now are facing shortage both unskilled and skilled workers across.
Simply drive through the industrial park, hiring banner is everywhere.

Simply pluck a headline to conclude? Nice try.


This post has been edited by cherroy: Nov 3 2011, 09:21 AM

Aiya ?? My folks bought Bangsar Bharu link 40 years ago at RM35K from developer. Then can get Bowl of mee at 20cents. Now house cost RM1million +++ and the same mee cost RM 7 to 15, if u compare for same quality. U can get scaled down bowl of mee for RM 4 to 5 depend on which are in KV.

On another note I bought Damansara Perdana RM168,888,00 .. 10 years ago, now market price pushed to just over RM 300K. The point is our salary never keep up with inflation and the value of the currency but properties mostly tracks it eventually. another example when I started work my salary RM1.8K, then can buy car for 12 to 18K, BMW 7 and Merc S class around RM60K. Now how much

my real story,

yesterday nescafe + meehone = RM4.30
today exactly same thing (nes + meehone) = RM3.80

not everyday inflation... sometime is deflation mah....

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Added on November 3, 2011, 9:48 amthe purpose of merger is to save cost... so vss is in their planned initially... a prefect planned

yes... many "cheap labor" vanancy needed... life will become very competitive now and future....




This post has been edited by sampool: Nov 3 2011, 09:48 AM

Really?

So equipped ourself with skill and climb the ladder up.

Skilled employee in high demand and they are being paid well generally across.

hahaha! I think the foreign worker don know how to count. either he cut u first day or give u discount second day

You have to consider the time horizon. short term price will go up/down like 97/98 drop more than 50% in some places but by 99/2000 recovered and actually went up. Don expect a repeat of 97/98. But if it did happen again then prop prices will be the last thing on your mind coz most ppl will be looking for survival and food on hand to mouth basis. On a brighter note, slowdown/recession may be coming. however the impact cannot predict probably will present some buy opportunities but IMO not at 97/98 levels. If can get at 10 to 20% discount already very good. But one fact remains despite all the doom and gloom stories, MY economy as of writing this is still chugging along for now, its only the sentiment that has tanked and rightly so.

Another fact to consider, our population (and Asia in general) is growing unlike in the west n EU especially so over the longer term (10 to 20 years) there will be increased demand for property of all types. So prices will definitely go up. so the trick is for one to be able to ride this wave and capitalize on it.

This post has been edited by antal: Nov 3 2011, 10:12 AM

the restaurant owner is chinese uncle and some more he is very calculative type, but he still managed to give me RM0.50 discount for today... see the discount/deflation still continue tomorrow or not. [To be continue] ...


the natural disaster is something unforesee beside economy over expanding.... like, earthquake, flood....

This post has been edited by sampool: Nov 3 2011, 10:17 AM

Actually 4.30 for mee and nescafe very cheap ma. I am guessing u r not in KV, maybe butterworth. Dam just paid Rm5 for bowl of pork mee at tmn Equine n 1.50 for teh ice.

put it this way guys, there are only 2 scenario that will cause the property price to fall:

1. our malaysian government is SO BAD that everyone is fleeing the country
2. the location of the property is BAD

other than that, the price may be corrected but we won't be seeing drastic fall and eventually it will still rise. my personal view that is.

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

Bangsar...


anyone can say anything this yrs as economic is relly good in 2010-2011 (base on the outdated data)........ but, 2012 nobody dare to say, all just prediction only (good/bad/moderate).

This post has been edited by sampool: Nov 3 2011, 11:01 AM

Been out of this thread for sometimes...as usual, there are some waiting eagerly everything in this country to crash, the Property price crashed, the flipper burnt and they are the only group profit to get cheaper property

What u said is true, the group that will suffered are those below middle class...

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Added on November 3, 2011, 11:06 amagreed...

quote from the star today-
"he country has enough funds to cushion the economy, should the contagion from the European debt crisis hit Malaysi according to Second Finance Minister Datuk Seri Ahmad Husni Mohamad Hanadzlah."

but to what extend we can trust that...

This post has been edited by bearbearhong: Nov 3 2011, 11:06 AM

I wonder the ENOUGH FUNDS is known to all as EPF??

Or maybe there are enough ink for the printer?

Or maybe he is referring to BOTH EPF and printing???

Also, you must know... America printed so much money.. we have printed enough yet. So lots of FUND to print more!!!!!!!!


Btw.. which restaurant of kopi shop sells nescafe + mee for RM 4.30??? I will go there everyday..



This post has been edited by chengcheng: Nov 3 2011, 11:22 AM

Price stagnant means depreciate in price when inflation kicks in. So if price stagnant for over 5 years, you can consider yourself a 30% discount. I always take the gomen figure of CPI x2 to be the real inflation figure.

Prop price in China already sky rocket high, but subsale market is so strong, stagnant at most, because China real CPI is double digit. Those you see price falls are newly launch leftover units developer wanna cash out. China practice build then sell mehtod, different from here.

If there is a correction, it is good for long term, even if it isn't, price stagnant is not bad, consider a discount in later date.

No I won't want it to happen. People just need to know the truth and fix it asap.

Property and food is rising at a rapid rate that is killing us. Bank lending 100% for max 400k house to 3k house hold income through the recent budget is really not healthy. That is borrowing to unqualified buyer. I know all people is just dreaming to own a house, I feel that too, but the problem is it is lacking of quality affordable house. All developer, investor and agent is flipping the price like no people business.

So government have to print and give out more money to keep the feel good economy floated, all else it will be just like the sub-prime crisis in US.


This post has been edited by kelvinfixx: Nov 3 2011, 11:33 AM

yes.. because bank interest is the liability.... normally house increase 6% per year to cover interest... if market stagnant for 5 yrs... consider discount 30% lioa loh

This maybe the best solution for many party involved, logic....

This post has been edited by sampool: Nov 3 2011, 11:42 AM

its sad to see how shallow your thoughts are towards people who disagrees with you. honestly, i do not believe any right minded Malaysian would want our economy to collapse. this thread is about escalating property prices, remember. and although real estate is a large chuck of the economy, it is not wrong in any way for people who hope that they can afford better living conditions for themselves and their family. People who complain are not necessarily lazy, unappreciative nor undeserving. a number of people work very hard but achieve very little. probably they are not brilliantly gifted, or maybe unlucky with opportunities, or for whatever reason, they can't seem to catch up to being minimumly comfortable with their lives.

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. the ones who whine or rant in this thread aren't complaining about RM4 million bungalows. a lot of people seem to be referring to apartments, condos, terraces or semi-Ds in which should be realistic enough to represent the general purchasing power of the respective forumers here. please have some empathy not sympathy.

i am definitely no expert in economics. but it doesn't take einstein to see that there is something wrong which is causing unrest among people regarding property (and other things as well). household debts are remarkably high. while one may say that we should spend within our means, note that things may not appear to be as they are. take into consideration living costs especially in urban cities, unexpected medical-related needs, increasing price of goods, rising rates for 3rd or 5th year of home loans or any other unprecedented factors.

put it simply, price of property shot up too fast for people to catch up. while developers and speculators are happy with their investments, genuine buyers who want to buy a house to live in it with their families are being denied this humble privilege. i.e. 2 people came to buy last unit from developer. one a flipper and another a genuine buyer. as a human being, would you want the flipper or the genuine buyer to end up with the house. or better still, imagine if the flipper was me and the genuine buyer was you.

btw, i already own a house. was a silent reader befor but couldn't help myself so this is just my 2 cents worth. no pun intended.

yes, agree. if stganant for just 2 years, it's >10% discount.
if desperate seller gives 5% off, then it's 15% cheaper than today.
but that's the case only if you buy in 2 yrs time in the example, not buying now.
all about cost of capital.

that's why a good no. of people here say "no crash but stagnant price, maybe 5-10% drop".