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 V10 - Property Prices (Up, Down or .....), and the debate goes on and on and on ...

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joeblows
post May 10 2013, 06:55 PM

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QUOTE(cheraspeople @ May 10 2013, 04:00 PM)
In MY, you can eat seafood until you have to carry your stomach back and it cost peanut even if you are doing it every month. in AU, if you do that, it will cost you a bomb and you probably can do it once a year. I just want to say living cost in MY is still much lower.
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That's bullshit.

Even go to Sydney Fish Market (tourist attraction so higher price) one lobster is around AUD$20-25 (cooked, mind you). In Malaysia? You'd be lucky to get one for under RM100 and even then it isn't gonna be fresh.

Honda Civic for AUD$20k vs RM130k you're havin a laugh mate. AUD$20k you don't even need to take financing - just save for 2 years for a brand spanking new car. Try that in KL?

The best part is, work in AUS or SG, earn x3 or x2.5 then invest back here and buy all those flippers cheap stuff when the situation becomes like Greece or Vietnam in the next few months or years. biggrin.gif
joeblows
post May 10 2013, 06:58 PM

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QUOTE(cheraspeople @ May 10 2013, 05:05 PM)
Correct. When you eat in Paparich MY cost you RM15 and you eat in Paparich Australia cost you aud15. Now who is richer?
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Let's take apple to apple comparison.

Mcdonald Malaysia RM13 for Big Mac set (non-promo price). In Aus about AUD$8 or so.

More expensive by about a factor of 1.5x converted but in dollar-to-dollar is much cheaper.

But you work there, you earn AUD so you don't really care......
joeblows
post May 10 2013, 07:02 PM

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QUOTE(tat3179 @ May 10 2013, 04:53 PM)
Yeah...but what about the durians man..

kan you live without the durians...?

I mean, everytime you want durians you got to take a 7 hours flight....
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Go la Sgp, HK or Shanghai. Got durian also, better quality than KL somemore.

All the best quality Musang King all for export one, you think give poor Msian eat? Saving the best for Stanley Ho from HK, not Ho Ah Beng from Cheras. tongue.gif
AVFAN
post May 10 2013, 07:37 PM

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QUOTE(joeblows @ May 10 2013, 06:55 PM)
That's bullshit.

i also think that's bs.

unless talking about ikan bilis, afrikan fish and sikap, premium seafood price in local restuarants is killing.

i can no longer eat pricey seafood here anymore, need to buy fresh and cook myself! tongue.gif

AVFAN
post May 10 2013, 07:40 PM

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QUOTE(zuiko407 @ May 10 2013, 05:52 PM)
Many down camp start discussing about migration to Australia, they accepted price hardly drop at the current situation, sad...
Oh ya! Where's mr debt???
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price no drop la... but going up or not?

the mood is sombre, no more hyper interest, only banks are happily collecting interest payments.

i say buy bank shares, not property!! tongue.gif
desastar
post May 10 2013, 07:54 PM

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QUOTE(Rooney1985 @ May 10 2013, 04:30 PM)
Tax is high but education is free, cars are cheap, good medical coverage when older... Australian produce is cheaper and better quality... milk, cheese, etc... Cod in UK is freaking cheap... go see how much it is here? And of course lets not forget, the alcohol there is also cheaper, IT equipment is cheaper and newer, home appliances also cheaper, clothing better quality and cheaper and lastly, earning AUD or other western currency can anytime have a holiday in Bolehland and eat all the crab you want!!!! ... crab now RM70 per kilo, crab 5 years ago RM30 per kilo, earn AUD and come back to eat crab is AUD23 per kilo in Bolehland... LOL!!!!! So based on living standard, Bolehland is crap!... Overcharged for internet, cable TV, cars, clothing, everything also over priced and lousy quality even the national cars sold her are worst quality compared to those exported.... and the list goes on and on and on... How much are strawberries here? there you help them pick and you eat for FREE!!! Here you try help them cook crab and they let you eat for FREE? LOL!!!!

Btw, in Australia there is no contribution to social security whereas in bolehland there is, Australia pays out pension funds to those above 60/65 therefore when you work you pay more tax... bolehland you pay less tax but contribute to social security (with the risk that all will go missing buying big diamonds, submarines, speed cameras, empty buildings and oh towards the corrupts' holiday villas and future generation's well being) LMFAO!!!
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I agree the best course of action would be to make your money elsewhere, then spend in M'sia. Education in Aust is free only till high school, once in Uni you get hit depending on the course. A graduate can have a huge bill before they start even making a dollar, unless their wealthy parents coughs up the dough. Lots of strawberry farms are now Asian owned, so no more free pickings, lol!! You do contribute to Social Security, via the high tax you pay, plus medicare levy. This is one heavy bill for the population to support and will get worse as the population ages. You are right, at least the taxes are less likely to go missing or end up financing cows and condos!
tigana
post May 10 2013, 07:55 PM

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You have consider many things before you migrate to Australia.
If you are a doctor ,dentist, IT, nurse, maybe can make it. Or a mining engineer, civil engineering.
Manufacturing there is dying as the AUD is too high. A huge production from there was transfered to Penang, because manufacturing cost is high.
If you are still young, and don't mind suffering a bit for several months, don't mind odd jobs, have strong metal toughness, you can try to go.

ManutdGiggs
post May 10 2013, 08:55 PM

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QUOTE(AMINT @ May 10 2013, 12:03 PM)
I doubt that will ever happens. Some yes but not all migrate. Just check majority of business owners in malaysia= chinese or other races? Majority of property investors in malaysia = chinese or other races? Majority of share investors in malaysia = chinese or other races? Chinese has a good strong economic power in malaysia. It is not wise to leave when the race have been doing so well in malaysia.
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Many of my frenz who migrated are professionals. Bizmen usually stay put. Somehow the dirtiest gov created lotsa opportunities n billionaire. How sad to c tis.
ManutdGiggs
post May 10 2013, 09:07 PM

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QUOTE(kh8668 @ May 10 2013, 06:38 PM)
Hhaha
Now is only 2013. They can predict future some more 2018. What a good liar at least still got 5 years to go from now.
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Focus more on GE14 rather than recession in 2018. Get rid of be end and every1 ll benefit fr there. Except cronies la.
ManutdGiggs
post May 10 2013, 09:12 PM

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QUOTE(AVFAN @ May 10 2013, 07:40 PM)
price no drop la... but going up or not?

the mood is sombre, no more hyper interest, only banks are happily collecting interest payments.

i say buy bank shares, not property!! tongue.gif
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But many here prwdict kaboom market, default loan, npl etc etc. How to buy bank share if think tat way. A lil contradictory rite???

Anyway I support buying bank share cos I'm stil optimistic bout the whole market. Even thou be end is stil in charge. Too bad for tat.
joeblows
post May 10 2013, 11:49 PM

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Well I think if you are being rational, the result of GE13 is the worst possible result for BBBB camp and for Malaysian economy.

If PR won: Short dip for 1-2 years but can recover due to low corruption, lower brain drain (those migrated already coming back), opening up of monopolized markets, less cronies, open tender, etc.

If BN won big: Long term will be terrible, but at least Najib position secure, he can implement all his transformation program ETP GTP whatnot, less uncertainty, less need to constantly give welfare payments (BR1M etc etc). He can also place his own people in key position so less politicking between PR/BN and also within UMNO itself no infighting.

Now: Bad long term, very bad short term too. So much uncertainty - PR don't accept the election results - but on the other hand UMNO people also blame Najib for bad results and plan to kick him out. Whole nation is in paralysis - notice no one even know who is in cabinet yet. Racists gain more power in BN govt, higher brain drain, possibility of more funds flowing out and lower FDI (when Utusan is slamming Chinese everyday will Chinese Singaporean buy property in Iskandar? LOL). With gap between PR and BN closing year by year even despite BN best efforts to cheat and buy votes - they will turn up the give all ppl welfare goodies tactic again, the only tactic they know. This means more govt debt.

You can call my analysis biased, but deep down, I think you agree.

This post has been edited by joeblows: May 10 2013, 11:49 PM
kh8668
post May 11 2013, 12:06 AM

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QUOTE(joeblows @ May 10 2013, 11:49 PM)
Well I think if you are being rational, the result of GE13 is the worst possible result for BBBB camp and for Malaysian economy.

If PR won: Short dip for 1-2 years but can recover due to low corruption, lower brain drain (those migrated already coming back), opening up of monopolized markets, less cronies, open tender, etc.

If BN won big: Long term will be terrible, but at least Najib position secure, he can implement all his transformation program ETP GTP whatnot, less uncertainty, less need to constantly give welfare payments (BR1M etc etc). He can also place his own people in key position so less politicking between PR/BN and also within UMNO itself no infighting.

Now: Bad long term, very bad short term too. So much uncertainty - PR don't accept the election results - but on the other hand UMNO people also blame Najib for bad results and plan to kick him out. Whole nation is in paralysis - notice no one even know who is in cabinet yet. Racists gain more power in BN govt, higher brain drain, possibility of more funds flowing out and lower FDI (when Utusan is slamming Chinese everyday will Chinese Singaporean buy property in Iskandar? LOL). With gap between PR and BN closing year by year even despite BN best efforts to cheat and buy votes - they will turn up the give all ppl welfare goodies tactic again, the only tactic they know. This means more govt debt.

You can call my analysis biased, but deep down, I think you agree.
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rclxs0.gif property price is firmed.
joeblows
post May 11 2013, 12:20 AM

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QUOTE(kh8668 @ May 11 2013, 12:06 AM)
rclxs0.gif property price is firmed.
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Firmed only?

Why not up up up?

Say la going up 50% by another 5 years. LOL.
kh8668
post May 11 2013, 12:24 AM

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QUOTE(joeblows @ May 11 2013, 12:20 AM)
Firmed only?

Why not up up up?

Say la going up 50% by another 5 years. LOL.
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check the price after 6 months. you will surprise tongue.gif
joeblows
post May 11 2013, 12:31 AM

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QUOTE(kh8668 @ May 11 2013, 12:24 AM)
check the price after 6 months. you will surprise  tongue.gif
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Means everytime I will see less and less "Bank Lelong" sign stucked at the traffic lights? Unlike now every weekend got new signs up and some traffic lights got three or four different lelong?

Good also - make our Malaysian scenery less eyesore. tongue.gif
kh8668
post May 11 2013, 12:33 AM

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QUOTE(joeblows @ May 11 2013, 12:31 AM)
Means everytime I will see less and less "Bank Lelong" sign stucked at the traffic lights? Unlike now every weekend got new signs up and some traffic lights got three or four different lelong?

Good also - make our Malaysian scenery less eyesore.  tongue.gif
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talk about it after 6 months, ok. tomorrow got cimb auction fair. go to see how hot the market is tongue.gif
kidmad
post May 11 2013, 12:38 AM

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QUOTE(Rooney1985 @ May 10 2013, 04:30 PM)
Tax is high but education is free, cars are cheap, good medical coverage when older... Australian produce is cheaper and better quality... milk, cheese, etc... Cod in UK is freaking cheap... go see how much it is here? And of course lets not forget, the alcohol there is also cheaper, IT equipment is cheaper and newer, home appliances also cheaper, clothing better quality and cheaper and lastly, earning AUD or other western currency can anytime have a holiday in Bolehland and eat all the crab you want!!!! ... crab now RM70 per kilo, crab 5 years ago RM30 per kilo, earn AUD and come back to eat crab is AUD23 per kilo in Bolehland... LOL!!!!! So based on living standard, Bolehland is crap!... Overcharged for internet, cable TV, cars, clothing, everything also over priced and lousy quality even the national cars sold her are worst quality compared to those exported.... and the list goes on and on and on... How much are strawberries here? there you help them pick and you eat for FREE!!! Here you try help them cook crab and they let you eat for FREE? LOL!!!!

Btw, in Australia there is no contribution to social security whereas in bolehland there is, Australia pays out pension funds to those above 60/65 therefore when you work you pay more tax... bolehland you pay less tax but contribute to social security (with the risk that all will go missing buying big diamonds, submarines, speed cameras, empty buildings and oh towards the corrupts' holiday villas and future generation's well being) LMFAO!!!
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For the first time i have to agree with fake rooney on whatever he have said. Indeed MY ringgit is shitty! Take pork price for example.. Here we buy few pieces of ham > RM10... in UK you can buy the same amount for a pound or 2. Comparing the purchase power... That's really shitty to be malaysians. Knowing that the UK dollar currency is going down and the property price there had stagnant for quiet sometime maybe the few tycoons here can start investing in UK? tongue.gif Or maybe they have already done that.

Let's not look too far... our neighbor singapore has hell lot stronger buying power as compared to us.. of course buy car there gonna cost you a bomb la. As for someone in the IT world the bolded part really gets on my nerve actually.

http://info.singtel.com/personal/phones-pl...stpaid/standard !!! SGD40 bucks and you can call for 100 minutes.. 800 free sms and also 2gb data.. In malaysia the cheapest plan would be either digi/umobile.. and that's rm48 for 1gb data plan any subsequent call or sms you gonna pay for it..
joeblows
post May 11 2013, 12:46 AM

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QUOTE(kidmad @ May 11 2013, 12:38 AM)
Let's not look too far... our neighbor singapore has hell lot stronger buying power as compared to us.. of course buy car there gonna cost you a bomb la. As for someone in the IT world the bolded part really gets on my nerve actually.

http://info.singtel.com/personal/phones-pl...stpaid/standard !!! SGD40 bucks and you can call for 100 minutes.. 800 free sms and also 2gb data.. In malaysia the cheapest plan would be either digi/umobile.. and that's rm48 for 1gb data plan any subsequent call or sms you gonna pay for it..
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Despite I think Malaysian ringgit like "hell money" our phone and telco prices relatively cheap.

Of course you can't compare with SGP a tiny island. Their telco cost of wiring up the entire island with HSDPA is really cheap as a few sites will more or less span the entire island.

Used to stay in UK and lived in US for awhile and the cost in larger nations is more expensive - the reason being you a user in KL needs to subsidize Maxis or Digi's cost to wire up Pasir Mas, Lahad Datu or Bintulu on 3G as well. In US for example, lets say you take AT&T iPhone 5 plan, you can expect to pay ~ USD$80 a month on bills (with USD$199 upfront for 16GB). This would get you 3GB data, unlimited SMS (but who uses SMS?) and about 300 minutes of calls.
kidmad
post May 11 2013, 12:56 AM

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QUOTE(joeblows @ May 11 2013, 12:46 AM)
Despite I think Malaysian ringgit like "hell money" our phone and telco prices relatively cheap.

Of course you can't compare with SGP a tiny island. Their telco cost of wiring up the entire island with HSDPA is really cheap as a few sites will more or less span the entire island.

Used to stay in UK and lived in US for awhile and the cost in larger nations is more expensive - the reason being you a user in KL needs to subsidize Maxis or Digi's cost to wire up Pasir Mas, Lahad Datu or Bintulu on 3G as well. In US for example, lets say you take AT&T iPhone 5 plan, you can expect to pay ~ USD$80 a month on bills (with USD$199 upfront for 16GB). This would get you 3GB data, unlimited SMS (but who uses SMS?) and about 300 minutes of calls.
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you are right and wrong at the same time. You are right in the sense that the cost of setting it up is high but you are wrong in the part of affordability.

1) Malaysia has larger customer base as compared to Singapore
2) Malaysia's broadband backbone infrastructure owns by TM... Crony if it's open to competition i'm sure the total cost of setting up would differ.
3) Since the old days... 3G and followed by 4G&LTE license were given to crony exclusively. Why uMobile, YTL, and another telco which i can recall where initially the 3G rights were taken back because of inactivity? Maxis were always the first to get them.
4) The total cost of ownership to own a device + a affordable plan. They are always talking about something within USD1k in a period of 2 years.. While us malaysian are always looking at RM3.5k and above...

This post has been edited by kidmad: May 11 2013, 12:57 AM


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joeblows
post May 11 2013, 01:04 AM

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QUOTE(kidmad @ May 11 2013, 12:56 AM)
you are right and wrong at the same time. You are right in the sense that the cost of setting it up is high but you are wrong in the part of affordability.

1) Malaysia has larger customer base as compared to Singapore
2) Malaysia's broadband backbone infrastructure owns by TM... Crony if it's open to competition i'm sure the total cost of setting up would differ.
3) Since the old days... 3G and followed by 4G&LTE license were given to crony exclusively. Why uMobile, YTL, and another telco which i can recall where initially the 3G rights were taken back because of inactivity? Maxis were always the first to get them.
4) The total cost of ownership to own a device + a affordable plan. They are always talking about something within USD1k in a period of 2 years.. While us malaysian are always looking at RM3.5k and above...
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1) That's very true. But remember, thanks to BN we are mostly low-income although larger. Some cities outside KL majority of people earning under RM3k a month only. In KK some people earn just RM900 a month!

2) Again, this is true (I used to work for one of Malaysia's largest private telco so I know). But SGP also all backbone owned by Singtel. When spread out of cost per user, the cost is relatively low. wink.gif

3. This is true. Corruption is a cancer. IIRC it was YTL, Greenpacket and Asiaspace given WiMax license. Of the 3, P1 and Asiaspace half dead already and YES still alive but burning cash every yr. TIME also got 3G license (which is si beh stupid of Govt) and they sold it to digi for fat fat profit. Some cronies got rich loh.

4. This one Apple + Samsung fault. ;-)
USD1k is around RM3.5k when converted........iPhone is actually highly overpriced, and although I earned money from AAPL shares, I would never buy a iProduct ever. Their margin is something like 30-40%.



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