Actually it is not how unaffordable our house price is. It is because the mindset of Malaysian. Like I know some people they are earning about 100K, combined income and they already thought of million dollar house, whereas I solo player don't even dare to think so highly of myself. Why I can choose to stay a house that is like 2-3x of my salary, but my peers can't? It is because of the mindset and peer pressure.

That is why I am link it to buying NOW?

see my early post. " So, just to invite forummer to ask. Why some KV people buying elite house now & at the same time their earning is just peanuts and saving is also peanuts."

Not those buying few years ago which is still afforadble.

new buyer Now is affortable is in question. is n't it?

This post has been edited by tikaram: Apr 8 2013, 11:11 AM

on your combine income is in valid. why? they don't have combine income meah?

i think could be the mindset. and pressure la like "if u don't buy now.... you will never able to affordable.... etc"

This post has been edited by tikaram: Apr 8 2013, 11:25 AM

For my case it is 3.x now and it was 5.x before (7 years back). The ratio is getting smaller.

oh welldone.

u should evalue if you are fail and pass on this. Should be 1.8 times according to one wealth magazine I read long time ago.
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QUOTE(gark @ Apr 6 2013, 01:09 PM)
To see if you have the required networth for your age use the following formula ...
Thomas J. Stanley's and William D. Danko's expected net worth formulas

Formula 1: Expected net worth = age x 0.1 x gross income.
Formula 2: Expected net worth = age x 0.112 x gross income.

Marotta Asset Management's expected net worth formulas

Formula 3: Expected net worth = (adult years / 240 + 0.1) x adult years x gross income; where "adult years" = age - 20.
Formula 4: Expected net worth = [(age / 166) - 0.15] x age x gross income.
Gross income is before tax per year.

You all can calculate if you all pass or fail.... wink.gif

http://forum.lowyat.net/topic/1159185/+800

how about your saving?

are u elite? middle class? working class?

There are some house that is cheaper, just whether you want to get cheap one or expensive one. In GB, only the house in London which are more expensive. My relative are not staying in London anymore, they are staying outside of the city, which can explain why the house is cheaper there. If you see KV so expensive, go to not so expensive area. It finally boils down to what you want.

I know about price in london expensive.

that's why i am using whole UK vs KV only.

I am not using London Vs KV. or Whole UK vs Whole Malaysia.

I wonder which social class are you?

Technical middle class - income + house value (current market price).
Elite - Savings
N/A - house value (based on my buy price )

How about judging on the price range, like how much a low class can afford, how much a middle class can afford, how much a elite can afford. I think its easier to judge it that way. In more detail, what are their household spending and saving for worse situation.

To me it is not that tough to understand your capability to own what kind of property. If your property is 5x the annual pay, this means you have already reached the bottle neck situation. In UK, the household expenses is cheap, the most expensive thing is the tax.

good calculation. No wonder a lot of people taking massimo bread nowadays.. or eat at company canteen.

This post has been edited by Steven83: Apr 8 2013, 11:53 AM

Those skimping on meals most likely on 10x like what tikaram tai gor mentioned.

Yalo lo... a few number of my group starts to skip the group meal. Now eating meal are so boring with little ppl around.

This post has been edited by Steven83: Apr 8 2013, 11:56 AM

Just curious, why really wanna know which class we are in?

AMINT kor, you are from elite class

No la. I am oni middle class... I think

cannot la bro, later i will feel tension

i think most lowyat net property section middle class.

only me lower, new affluent worker

This post has been edited by tikaram: Apr 8 2013, 12:42 PM

You're business class with MAS
we are economy class with air asia