bank crisis almost as worse as subprime in US are coming to Malaysia.    Home price drop 50% is achievable end of this year or next. 

Me too. Waiting.

But need to wait for few years because from history of US subprime problem, property crash will continue crash for 5 years. Have to hold on to property for 5 years with risk of no one renting.

In the property game, there are a few constants:
1. Developers are at the top of the pyramid
2. Buyers are at the bottom of the pyramid
3. In between are the suppliers and contractors. Many of them who get their units for free cos developers cannot pay them or sell off remaining units. They are "forced" to take up the units in lieu of payment.
3. Buyers act on "information" fed to them by "experts" who say that prices will always go up and they should buy now or regret later. This belief in turn fuel rise in property prices.

Smart investors do their due diligence:
1. Property prices should always be pegged to GDP and per capita income. If prices increase is not in proportion to GDP growth, a correction is imminent.
2. Use EPF returns as benchmark. Any property giving less than 6% returns is probably not worth the trouble. It's better to leave the money in EPF.
etc

even FD also got risk, %inflation risk...

Not much information for Bond can be found online... seem malaysia bond is not so active le...

anyone got link for bond?

how do we buy Singapore bond in Malaysia ?

EPF has been giving 5-6% returns for past 10-15 yrs.

No worries, we are all adults and this is just friendly discussion. Everyone will have different views but I try my best to stick to facts based on historical & economic data. BTW our EPF performs much better than CPF in S'pore in terms of % returns and ease of withdrawal upon maturity. So we have to give credit where credit is due. I am not sure about the inner workings of EPF but... again historically... no Msian has ever been denied access to his funds upon maturity - at least not that I heard of. 10-20 years later? Who knows? I might be dead by then. 

wow.. 10% rebate also came out..
http://www.starproperty.my/PropertyScene/P...Scene/18048/0/0

What you are talking about is not cash rich people.
CASH RICH people NEVER let their investment ROT, what you are talking about is NOT CASH RICH people but DUMB BRATS/DUMB ALEC.

You think you don't need to pay cukai pintu, maintenance fees, etc on your property? One fine day, I'll be picking up YOUR property from the auction house then.

What the hell are you talking about? There's no such thing as net assets.

It's obviously NET ASSETS = CASH. If you need to add other assets things to it, then you are NOT RICH.

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Added on January 6, 2012, 5:16 pm

I'm very poor only. 

To them maybe spending RM50k-100k a month is pocket change as their entertainment budget could be even more.

Hopefully my buyer will cancel oso
I have a 2nd thought on selling it

just wonder
if both parties signed offer letter
and buyer paid the 2% deposit, doing S&P and loan
but the seller keep delaying the S&P sign and delay giving documents to lawyer
how ah?

not true. It pay to get a really good lawyer, not those copy & paste SnP type. You can insert a clause as any delay by seller will bear an interest as well.

If it earnest deposit done by an broker agent, i believe there are clause to refund plus interest if seller abort it.

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Added on January 12, 2012, 10:54 am
you are paying the S&P fees ler, what make you the losing side