QUOTE(bluesfingers @ Mar 14 2012, 01:49 PM)
Why banks are getting more and more strict in approving the housing loan? Is their Risk Assessment Manager sleeping or what?
My gut feeling told me, there is something going-on behind. Maybe I am wrong.
tell you what! the more our Bank negara take action, the lesser the chances of bubble happen. i'm happy with the rules by Bank negara nowadays, although affected me to buy more, last time with 10% down i can buy 10 properties but now with 30% down i may only buy 3 properties, i willing to buy less rather than market burst.
property bubble is not that kind of you can predict, you can only know once it happen, and it happen so sudden.
If the Central Bank of Japan take action to tighten the loan approval during 80s rather than approved 2-3 generation loan, i think the story may different.
Same as USA 2007/8, the case in USA is different and complecated, it created by a group of people from politician, higher management from bank and etc....with the policy of AIG to insured the housing loan but the responsibility of loan approval are only from the Bank itself, it kind a strange policy, that's why the outsider always laugh at US; you kick your own butt, the more their share index drop, the more money that group of people made. go and check the story behind and i won't tell much here.
price is quite high for majority but i keen on saying "there have plenty of 100-200k subsale out there".
This post has been edited by zuiko407: Mar 14 2012, 03:25 PM 
Mar 7 2012, 09:35 AM
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all the fresh grad will like u. 
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