Thanks guys learned quite a bit from the recent posts. now got some idea whats happening with the economy.

was wondering why bloomberg and CNBC never used the word bankrupt to describe Greece always say deb default, now I know

predict if there is a crash (political correct term = price correction) it will start at Desa Park City, followed by all those >1000sf but more than half million condos at ulu places.

i do not agree for DPC

ulu places >500k >1000sf = where oh X2?

This post has been edited by sampool: Nov 4 2011, 07:38 AM

Now you know, bankrupt is scary, default is even scary!!!!!

+100 vote wisely!!!!

When the property go up, it does not mean that the property value is increasing, it mean that the money is getting less value day by day.

The food is getting more expensive.

I am not saying property is causing poverty.

This post has been edited by kelvinfixx: Nov 4 2011, 01:26 PM

" why don't you do the right thing in the next GE? When we are able to ensure all 13 state to operate like Penang"

This one really gives me the shits as there is nothing I can do about it. Either way one votes in next GE, just get screwed. So which one is the lesser of two evils??

vote BN get more or even worse of same crap

vote pakatan not proven to be able to work together without bickering at each other at federal level. GE coming and still don even announce their shadow gov yet. give impression not got their act together yet.

So from house market and economy point of view which one better?

Both opposition and BN are crap.. If want to choose i will choose on one that has least crap.... This is politic..... tiring of it...

http://www.malaysiakini.com/news/180515

GE could be anytime soon before april '12... be prepared....

Your link is to 陈广才 case la. Anyway, unlucky Chan, he is just horse f$#$k by UMNO.

u cannot get me....wat i mean. no prblem as long as prepared......

hi,

wz the new ECB rate cut, do you guys think other central bank will follow suit to do the cut and there will be more easy credit? will this mean another boom in property pricing?

LOL, who else got room to cut? US, Japan?
Almost everywhere near zero already.

While for Asian countries are fighting inflation due to QE, the room for cut is limited.

Now already easy credit, more easy credit make little difference.
0.5%, vs 0.25% make very little difference only.

Yes, at least let them be more competitive and work harder for rakyat rather then shaking legs for years enjoying their meals and expensive binoculars with lame dumb excuses,,,

Guys, read today the star, higher end property market may get slow down..

Completely agree with you on this, choosing the right gov determines everything else.

But I don't agree with the rest.

I think the problem is with the optimism, of banks and speculators. This is a known and recognized fact. Til the point that our gov with it's board of "experts" could make najib make such bold promises 400k loan to 3 k income. Lol.

Many have started to become more conservative, but as a whole, we're still a pretty optimistic lot.


One poster once provided inside info that prices kept increasing even though raw materials had dropped. The price of materials were nothing more than an excuse. It's like shopkeepers increasing the price of their teh tarik because of sugar.

The whole reason raw material prices went up, is fueled by the demand for property by speculators.

Quality homes, would mean a proper home where we would feel safe in, not referring to flats with graffiti in the lifts. And definately not a second-hand run down terrace house sold by a greedy speculator, which we buy out of desperation.

The question can be reversed and asked, how rich do we have to be? and how hard we have to work, in order to get a proper home for ourselves? All this is just an excuse, and an encouragement to support the speculators.

The issue had always been with the speculators and how their actions have deteriorated our standard of living.

Actually, that is inflation.

Kevin is not asking the gov to print more money, he is saying if this continues, gov will be forced to print, and that's exactly what we don't want.

That is a secondary issue. Scenario example: when we are in the big city, everything is more costly, but that's ok, because we earn a big income. The problem is, everything is expensive, even in the small villages, with people's low income. And the reason for this is unrealistic demand and runaway inflation.

so, despite how singapore is doing, if Malaysia is poor, it's prop price should also be low, based on the demand. However we have unnatural demand posed by speculators, and runaway inflation, which I believe was helped by the speculators too.

Once again, please note that I am all for a cleaner and more efficient gov.

US 'Underwater' Homeowners Increase to 28.6%

http://www.businessweek.com/news/2011-11-0...ow-reports.html

I see no practical application for this sort of information except the fact that the house price in America has dropped tremendously and it affects the buying power.

Let me explain myself.

A rich person might have lots of assets and cash, say RM4,000,000.00

In his latest transaction, he borrows say RM1,000,000.00 from the bank(although he has much cash) to finance a property worth say RM1,100,000.00

However half year later he still owe bank say RM976,000.00 and due to whatever reason, the house price has since dropped to RM800,000.00.

Does this make him underwater home owner?

*********

It is however a totally different scenario if the percentage reported refers to the total assets and cash that one has against the total mortgage he has. Which I think it is not what the reports mean. I stand corrected.

You have a point, however, I tend to think that most people, take loans because they can't afford the homes themselves. If there is a price drop, then it should effect the rest as well, and not just the rich.

@TheDoer

bro, your points would be valid if there are more speculators compared to genuine buyer? Well i am not too sure about others but i know a couple of relative who himself alone is buying more than anyone of us in the family combine. His Properties when you ask him? lost count.

What i wanted to say is that as long as the GLC, Cronies and the few who are reaping the wealth from us is still there, there is nothing much we can do. Ppl are buying without going through the bank when we need 3-4 months time to complete the lawyer and loan process done. All they need to do is, they get their relative signatures here and there and reap the benefit out of it.

If there is more of this kind of people compared to flipper then your logic has a BIG FLAW. As far as i know, our economy is being monopolized and i do believe there are only a few heads who are controlling them. Just a quick example the fellow in Sime Darby...

This post has been edited by kidmad: Nov 8 2011, 05:43 PM