Household debt is not only from Home Loan. You still have tons of loan out there which contributes to the factor. Go and check out those ppl who went bankrupt. Did they take a home loan and went bankrupt or other loans instead? Again, the household debt is consist of the whole Malaysia. but can you actually compare KV and Kota Bahru?

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Added on September 21, 2011, 3:12 pm

Well good question, but if you are the project manager for this project do you handle projects with allocated funds or ask for funds as an when is required? Well if they really failed because of lack of fund... i guess all these ppl need to kena goreng ady.

you should know how loan and debt happen right? Before you have the allocated fund you think your project can start kicking? Simple process, when you wanna buka kedai, you need a fund for it. You head off to the bank try to propose to them on your BIG PLAN, they go through it, they think it can be done there you go your money to kick off your business. Do you really think you can go rent a shop without paying and say i owe you ah? buy stocks in the shop and again tell them i owe you ah? Even if there is credit, there is so call credit days which is usually 45 days after giving you the stock you have to pay them. It's the same goes to project, without an allocated fund you as a project manager you dare to kick start?

nobody knows what is going to happen in the future but for the past 2 years, those who holding props sleep very soundly and those who yet to buy cannot sleep because getting edgy...fortune may reverse but until then

Only he will invest in Gold.     

I believe he was talking about me but not dare to call my name.

there is no more gold reserve. used long time ago, discarded. that's why every gomen incl usa can keep issuing new money, to keep spending - at the expense of declining currency value relative to the other currencies and inflation.

gomen has little cash to spend on those mega projects. they are mostly funded by borrowings, i.e. bonds - can be sukuks sold to investors in dubai or others bonds in new york or shanghai, and bonds sold to epf.

gomen spending is not very different from individual - if you keep borrowing and spending without a good return, one day you go broke and no one wants to lend you anymore. Just hope for someone or some banks to bail you out for a price with conditions. greece is going thru that now.