You hit the nail on the head.

That's why GST being delayed and delayed.

Implement GST will affect greatly on poor one.

Reduce income tax only benefit the rich. Nothing to do with poor one whom pay no tax currently.(below Rm3000 or Rm2xxx monthly)

agree.
the hongkie said the same thing and also acknowledge it.
he said hk life is no life. small unit apartment. worse if there's more occupants in it. they may have a lot of high tech stuff in it like large 3d led tv bcos they afford it. latest gizmo and gadget. latest clothing and all. but not much enjoyment from their dwellings. due to prop expensiveness, most units are shared with a lot of family member. they feel cramped and stuff. daily wait for bathroom is also intolerable. therefore hk business is thriving bcos nobody likes going home so they just stayed at the streets most of the time. they just go home to shower and sleep only.
and business also suffer because prop too expensive and 80% of the revenue goes to rental.
we advise him if he quit anytime, he can afford any of the luxury klcc condo liao. no need work.
that's why hongkie 'must' go for trips every now or then to 'escape' from their jail.
luckily they can afford it else most of them will have gone bonkers.

Lol... I'm laughing!

Good news also tonne of them on nets.

The buyer should not HOPE that the market crash, that would be too selfish.

Neither should seller pray for bullish market that the price is too high for the poor to afford. This is also too selfish.

INSTEAD we should all STUDY the market so that whether good thing or bad thing comes, we are all prepared. And that we could adjust accordingly and minimum damage to any party.

We should also equip ourselves with financial knowledge and be fully informed of the local and international happenings.

As it is said, success are for those who are prepared. Good or bad, we should face it together as a country.

Of course 300K at 8-9% are better, Is is How much you Owe the bank that matters the most. when one declares bankrupt, banks will go after the amount owe, if one buys the property at a low price, chances for the reasonably price property to be auctioned at close to reserve price is higher than the overpriced property.

Furthermore, it you are buying for own stay, interest rates fluctuates, can always refinance.

I wander people like us communicating in this thread hoping for an up or down in properties?

For me, I hope its up and up and up again. No harm. Like for our salaries, noone will hope to stay stagnant for years.

Hoping for up in properties prices doesnt actually make us any bad as its only opinions from everyone.

Investors or flippers will definitely not hoping for a downturn. People who are not confident can actually join us rather than beat us.

Hopefully we will see another bull run in property market till 2020. Then what you buy today can at least double or triple the price by then. Everyone can retire early. Isnt that good?

so mean the banks are making good $. hopefully they can lend more $ to SMI to grow the economy. (especially to those compete globally not the jaguh kampung type of co). Infact msia hv many good SMI who need support from the govt and bank.  we need them to bring msia product/service internationally. govt shud pay more attn to this innovative co i/o GLC, cronies etc. (waste all our resources, $ etc)

+1, well to be honest i still can't accept the fact that gold will replace the current currency, If there is something which will take replace of the current currency it might be transactions online. Now days ppl are buying gold especially from bank investment, but i am really skeptical on whether the bank has that much of gold reserve.

Anyway. I still believe on the basics roof, cloths, food and now we really need to take into consideration on transportation and communication if you want to move yourself even during the bad days to come.

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Added on September 15, 2011, 10:59 am

agree, and i don't see the logic on it as well. While others are betting on gold prices i choose to have a place for me to call home and some funds to make sure i can still buy food and feed myself.

is the property price going up? yes ...

there;s one i looking at ads since past year
the unit not being sold and ytd the property agent goreng another 50k into it

How come so many of us are speculating that the flippers are definitely taking a home loan? haha

There are a couple of person whom i know of who are buying house with cash under other ppl's name? I do believe there are quite a number of people who whom are cash load free.