Everybody's in debtlah...whether you are in the the developing or in the developed.

Everyone's in debt in order to attain their wanted lifestyles...

The only country where the people has no debt worries is probably North Korea or some certain African countries.

Irony, as a responsible and mindful adult, we should have debts that we are capable. Without debts, your wealth will surely and definitely been 'transfer' out to those closer to the monetary expansion circle, both public and private.

I am more bearish.

from what I know, the overly high debts has prone BNM to make speedy counter measures in order to pull back the number within the BASEL standard.

Current spike in foreigner owning local bonds is a double edge sword. Coupled with expected accelerate inflation, pressure to interests rate is clearly seen.

I think once this stagnant market go for another year (I don't know how long), the whole situation will start to go south. The newer and higher up (stratified property) the property, the greater the impact will be. If it ever happen, I don't think govt can do much about it like taking up problematic assets (aka TARP) or pushing down rate (aka Fed). It is beyond them. But if it really do so, well, then be very very very worry about our ringgit.

It will take some time before the market can recover.
   
To Halamdar: I owe you an explanation. The debts I mean, is fixed not free float one that tied with OPR or BLR. All my remaining mortgage loans already converted to fix because I bet on the inflation.

don't conclude so fast.

Open mind and just think about it:

Superman have 2 prop, one for own stay (RM650k) and one for rental (RM350k).

For own stay, he paid 2k installation and 1.5k respectively. But he receive 1.2k rental.

Thing is, Superman is very conservative and have 1 million in FD for rainy day despite continue saving 2k a month for rainy too.
He also got EPF, insurance and equity too. Bcoz he is so conservative, all derivatives instruments is out from his mind.

This leverage help him!

The problem nowadays is alot of people, most of them I think, leveraging like no tomorrow. Many are on the cliff.

Fire kills, doesn't mean we have to be so scare from using it for our benefits. That's why I am saying 'responsible and mindful adult"

Wow... I hope you didn't up your 2 cents to 4 cents because I said the earlier two were very valuable... haha... kidding...

But again.. another valuable 4 cents...

Different ppl different definition... I see a gal as pretty doesn't mean u see the same.... 
The basic definition in poor, middle, rich for me is:
Poor - struggle to earn a living for those most basic needs such as a shelter, food, clothing..... Need to calculate every single penny on expenses... Hardly hav any savings...... In short, survive day to day basis...
Middle - Range will be wider.... On a job (can be self employed, businessman, or professionals), earning enough, basic need is not their most worrying but their future income, and expenses.... In short having the ability to plan for tomorrow but not to the extend of no worries.
Rich - Basically no worries about money.... Future have been taken care of too already....

Holy sh*t ! Soon, UK will be bankrupt !