Problem is he don't accept downgrade lifestyle.

In 2014 his income is 3.5K he wanna hoot 600K then in 2015 his income 3.8K he wanna hoot 650K, Now his income 4.1K he wanna hoot 700K.

That's the problem, his target keep going up while his salary cannot catch up.

In fact even he remained status quo to hoot 600K his income still can't secure a loan unless he have 50% Cash to buy, which he doesn't.

We told him, if he die2 want landed he must prepared to travel far like Semenyih & Rawang, if he die2 want Kajang he should switch job to earn more, he can't accept either one.

Now wishfully thinking developer will offer him 20% discount by year end & Bank will from 50% loan revised to 90% loan.

He apply 3-4 banks, all reject his application, only one April fool him & offer him 50%, yet he still don't get the hint, 1 bank even throw out his application in 1 day..

Like almost every goods, property price rise in the long term but at about inflation rate or income level. In 1984, wages, wanton mee, bus fare, kopi o, roti chanai price like property was a few times cheaper than currently. The major difference between 1984 and 2016 is the ratio of home price to ratio, current ratio is unsustainable.

If klcc 83th floor could be accessed by the public, believe many klse stock punters would have jumped from there in 1997/8.
In the US, home price stopped rising in about 2006, subprime only hit the banks in 2008. As local banks easy credit was in 2011 to 2014, it is about time for those sub prime to come home to roost. Hence, you ain't see nothing yet.

Someone unlock it 

Now I truly believe LYN moderator is pro-developer 

In US bearbearwong would have his loan application approved base on 4.1K nett salary taking a 665K loan.

Unfortunately here in Malaysia, Bank reject his application, at best he gets a 333K loan.

Don't worry too much Icy, Malaysia Bank is solid like Diamond.

People will continue invest in property while ignore your investment fund.

Btw your USD saving is depreciating fast, better cash in before it hit 3.85 which is your break even point, any lower you'll be losing every penny you put in..

In US bearbearwong would have his loan application approved base on 4.1K nett salary taking a 665K loan.

Unfortunately here in Malaysia, Bank reject his application, at best he gets a 333K loan.

Don't worry too much Icy, Malaysia Bank is solid like Diamond.

People will continue invest in property while ignore your investment fund.

Btw your USD saving is depreciating fast, better cash in before it hit 3.85 which is your break even point, any lower you'll be losing every penny you put in..

The issue on subprime is not the bank but borrowers.

If there isn't any subprime in local banks, there won't be any npl soon after VP.

  without banker, where got subprime ?

The issue on subprime is not the bank but borrowers.

If there isn't any subprime in local banks, there won't be any npl a few months after VP.

NPL can be from various reason, eg. Business making loses, Gambling debt, Relationship break off (BBW&SY), Sickness, Loss of Job, Family problems  & etc.

Not must be subprime.. only subprime i see is fund manizer trick people into buying snake oil bloated investment fund, similar to Zhang Jian Scam, pretend to stay in luxury condo but avoid appears in public...

Overstretched and greedy flippers is never a reason for npl.

In the US, home price stopped rising in about 2006, subprime only hit the banks in 2008. As local banks easy credit was in 2011 to 2014, it is about time for those sub prime to come home to roost. Hence, you ain't see nothing yet.

NPL at local banks crippling up is not for no reason. Last I heard, NPL at a bank increased by double digit % compared with a year ago.

Why are you all keep talking about history?

its the only way for layman to predict what's coming by looking into past. but most of the time it won't work, otherwise, everyone will make money in stock & commodity market. 

It doesnt look like going to happen so soon. At least ur reference told u got to wait the house price stop increase then follow by another 2 years. Previously the condo size had downsized, then now is plenty of projects upgrade from 20-30floors to 40-50floors. U dont need them to tell u the price is increase but in fact it is increase in another form.

He should see how developer cleverly make a 400ft apartment into a 800ft unit by making what there call duplex & sell at 800sf price (Maju Kuala Lumpur)

Another good example is ultra high density like OUG Parklane & KL Traders Square where few thousands unit are packed into a small parcel land.

Not forgetting Mini DSL like 15X55 2+1 room with no balcony.

This is all price increased which Bukit Tunku Condo Fun Manizer can't see..

What do bear2 see in this fellow...

pro flippers too.. and butt hurt very deep level