This is a very interesting survey...... it is an overall UK social class. But it should be only relevant to people in KV/ big city like penang/

Should not suitable for people living in Bentong and some small town.

I am staying in a establish house.

saving is technical middle class or establish.

but earning is just same level as affluent workers

meaning. I should downgrade my staying house to affluent workers.

Meaning am I living in an overprice property? market value will drop soon?

which social class are you? if your class is lower, why you stay in a more upper class house? Are you force into it?

http://www.dailymail.co.uk/news/article-23...rker-elite.html

This post has been edited by tikaram: Apr 8 2013, 09:18 AM


Attached thumbnail(s)

UK is a developed country for more than 20 years ahead compare with developing malaysia

the survey will be invalid

look at our soccer team then u will realize why.

i remember in the year 2003 when i was in UK, the UK Government policy on welfare for unemployed and homeless people aid is around £ 200 a week. Not sure raised to how much nowaday.

Imagine Malaysia is giving out rm500 (BR1M) a year only to those needy, our Government is feeling dayum PROUD and always hoo haa here and there on how kind they are.

Mentality is one issue alos.

bro, if u live in european country before, you will know your comparison is in valid.

malaysia still got long long long way to go. Even our ex brother, SINGAPORE, it doing much much much better nowaday, Because of one thing, FAIR.

Peri Kor.

Understand your point. I agree too that UK is developed but malaysia is developing.

That is why I am asking only house in KV / big city like penang can only compare for this.

KV & Penang both are developed areas = according to one report that i read from the economist magazine.

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 to menation drive very expensive overprice car some more.

isn't this is a concern?

This post has been edited by tikaram: Apr 8 2013, 09:51 AM

friend, that's why i don't understand.

Elite saying in GBP 325K house in UK

But in KV. Meddile class already can stay in GBP 325K house in KV.

isn't it KV should be poorer? how come showing richer compare europe?

not sure its a concern.

I can share my personal experience. Most of my educated and professional friends choose to migrate away from Malaysia to SG and Aus for PR after some years of experience and money making in KL or Penang.

They treat them as hit and run. They dont see the potential why they wanna continue to contribute here when the benefit and return are unequal.

Im sure most of your friends are other countries PR too.

Cars in some developed country is not cheap also when come to renewing the ownership premium. Some developed country car petrol also not cheap although car price is cheap. Some country like US and UK where the insurance premium is like 5 times Malaysia insurance price for youngster registration which they are classified as High Prone Accident Group coz they are used to DRUNK. Hence, most of the developed countries having established and throughout Mass Public Transport.

Unlike Malaysia, pickpocket everywhere when u taking KTM and LRT. Limited stations. U r then forced to buy car.

Also to share, there are people that i knew like to drive big and expensive cars but living in low cost terrace and dont mind to let the finance to tarik the car if having finance problem which just to show off their ego and muka. Im sure u know who r they im referring to.

since when malaysian living in a £325k which is close to rm1.6 million house is common?

Rm1.6mil, Singapore perhaps?

it if read some thread @ cyberjaya/ GR

u realised some unit buy by middle class people and not elite.

and some UK estbalished middle class GBP 176,834 in Malaysia new affulent workers start buying GBP176k in KV.

This post has been edited by tikaram: Apr 8 2013, 10:39 AM

What is your definition of middle or elite class people..or else this thread will be another field for ppl to argue abt their salary and affordability..

This post has been edited by dRwh0: Apr 8 2013, 10:42 AM

aiya, u r referring to cyberjaya is it, those area no potential at all. restrict this and restrict that. Dont serve this and dont sell that. it cannot represent as part of KV. Totally isolated and full of odd restrictions place. I dont waste a dime at there.

just now says pound sterling 325k now 176k pulak. u r fast changer

This post has been edited by peri peri: Apr 8 2013, 10:46 AM

no fast changer.

just look at the chart. there are 7 social class.

matching one to one class on the house value and the earning.

i am using chart earning

u have any suggestion?

i am very interested with which class i am.

I am posting this as i though many like me . Wonder which class they are.



This post has been edited by tikaram: Apr 8 2013, 10:51 AM

The charts cant be used for us malaysian..u should come out with new chart..im a normal working class buying a prop in cbj for own stay..

I think we can just convert the GBP to MYR. And I just did. Technical Middle Class . Long way to go to be with the Elite. Surprisingly I did not see Footballer as one of the class. Their pay per week easily just what the Elite earn over the year.

I would see in differently.

That's how accountant are so much different.

type - earning/ house $$= Cover
elite - 89/ 325 = 3.651685393
emc - 47/ 176 =3.744680851
tmc - 37/ 163 =4.405405405
naw - 29/ 128 =4.413793103

some of us only eanring RM150K but staying in RM1.5 mil house

that is 10 times.

I thought UK house should be less affordable. But see how un affofable our house is?

Pls give some constructive point. Doin't just say this different and that different.OK?

This post has been edited by tikaram: Apr 8 2013, 11:04 AM

Guess you are trying to say, the higher they earn, the less they fork out for a house.

i try to conclude

some of us only eanring RM150K but staying in RM1.5 mil house

that is 10 times.

I thought UK house should be less affordable. But see how un affofable our house is?

& this link to me.

I am staying in a establish house.

saving is technical middle class or establish.

but earning is just same level as new affluent workers

meaning. I should downgrade my staying house to new affluent workers

This post has been edited by tikaram: Apr 8 2013, 11:07 AM

My house price is actually about the same as my annual pay when I first bought it few years back, even now it is just 3x of it. Not even 10x. How I wish I am willing to pay 10x my annual income for a house.

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.
------------------------------------------------------------------------------------------------------------------------------------------------
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

My house is 2x my annual income. Nice...

Anything below 5 still safe isn't it..?

My results...

Result: the class group you most closely match is:
Technical middle class

This is a small, distinctive and prosperous new class group. According to the Great British Class Survey results, lots of people in this group:

Mix socially with people similar to themselves
Work in research, science and technical fields
Enjoy emerging culture such as going to the gym and using social media

Why I said this is a very interesting survey?

You know that Elite class are those
1) Study in private edcuation
2) Elite University
3) banker, Dentist, Lawyer

I am very sure 99% Malaysian that study in cambridge/ oxford/ Imperial college/ LSE = is all elite calss in malaysia

If you are in middle class, responsible parents & wanted to help your kids to move up to elite or higher middle class ( & u can afford it). You better start planning it now 1 to 3 above.

This post has been edited by tikaram: Apr 8 2013, 03:20 PM

Since when banker is elite class?

u have very low 2x , are u elite class?

Are u banker? which should malaysian's banker class?

I don't know in malaysia. But I was told that private banker in malaysia earn a lot in malaysia help by many jutawan portfolio

maybe in year 2010?

10,000 City bankers hit £1m jackpot: 'Grotesque' payouts are set to double

http://www.dailymail.co.uk/news/article-12...set-double.html

This post has been edited by tikaram: Apr 8 2013, 03:27 PM

Not really elite class just a normal joe, 2x based on purchase price, 4-5x based on market value. I guess the affordability shld be based on purchase price right?

This post has been edited by Mikken: Apr 8 2013, 03:30 PM

if you in middle.. I'm very low class lorr.. driving small car, fuel up RON 95.. sometimes take LRT to go work..

this already mentioned by jasontoh

but the economist.com quite consistent with world bank defination

The Median Multiple indicator, recommended by the World Bank and the United Nations, rates affordability of housing by dividing the median house price by gross [before tax] annual median household income). This indicator rates housing affordability on a scale of 0 to 5 with categories 3 and under being affordable. From 3 to 5 the categories are rated as moderate (3.1 to 4.0), serious (4.1 to 5.0) and severe unaffordability (5.1 and over).]

http://en.wikipedia.org/wiki/Affordable_housing

This post has been edited by tikaram: Apr 8 2013, 03:37 PM

Now I see ppl earning 40k buying 400k, quite dangerous situation aint it

most of us have to force buy overprice house, no choice unless you bought the house since soft launch...

this explain why. come to education

理財教育世界大不同‧大馬父母還須努力

5項評分. 大馬4項不及格 malaysian fail on financial education

http://biz.sinchew.com.my/node/72115

This post has been edited by tikaram: Apr 8 2013, 03:48 PM

I don't have much saving and i think i am lower working class aka poor people.

Soft launch also expensive already.

no so if they have parents support.

Nowadays soft launch also not cheap... Best part is rehda always up yo camp developer sure won't make soft launch cheap.

This post has been edited by Steven83: Apr 8 2013, 04:04 PM

Boss, don't be so humble.

"Malaysian that study in cambridge/ oxford/ Imperial college/ LSE = is all elite calss in malaysia" so to become elite is about how we think Malaysia uni very lag behind then...

I think ppl earning 200k per annum is considered elite class. Anyone begs to differ?

+999.

agreed, if the loan is supported by their parents name or by their parents property. Bank loves properties.

I will avoid sending my children go into local u if they wanted to become enginer. lawyer, banker etc....

Unless their interest is relating to argriculture or become a local teacher la.

every parent wanted to give the best to their child la.

This post has been edited by tikaram: Apr 8 2013, 04:55 PM

U really think so? I am from a local uni but private. Got a scholarship for engineering deg. I can tell u that my friends who went to overseas u are not doing better than me. I went to normal sekolah kebangsaan too even though i got invitation to join maktab rendah sains mara pengkalan chepa (one of the best performance school in msia). It depends on the individual i guess.

Local uni still okay, not much difference in earnings between overseas grad and local grads.

I worked in South Korea for 3 years. Yup, the money was good while it lasted. Repatriated back to Malaysia when my project finished. Came back and bought me a 800K semi-D with a 320K down.

Here in Malaysia I'm earning onli 14K before tax. Currently applying for Australian PR. Can get the 60 points needed to be considered for PR application thanks to me have work overseas 3 years. Malaysialand salary is depressed.

Why you say like that? I'm an engineer, only USM graduate .... even Korean engineer I teach how to do work those days.

This post has been edited by kamilnu: Apr 8 2013, 05:25 PM

I would say the statement is right and wrong. It's right if it's referring to those students (especially b*mi) who granted automatically entry into local u, but it maybe wrong for those who really take the STPM qualification to enter the local u and graduate from the professional courses like engineering, doctor, accountant etc.

If you ask any of the employer who had experience in hiring local u (from university like UM, USM, UKM...) vs oversea u graduate on the mentioned professional field, you'll know what I mean.

UM, UKM and USM i cannot comment but grads from UTP, Monash, Nottingham = not bad

u fr monash?

No I am not. I was from UTP.

Kindly share your experience? Which field you are working in? But seriously, Malaysian manufacturing firm salary were depressing.

This post has been edited by Steven83: Apr 8 2013, 09:46 PM

ehhhhh..... earning and where you are educated seems dont relate nowadays... It works well for our previous generation..

few of my frens who only graduated from TARC now are bosses of their own, owing printing company, real estate company, business annual tax alone RM200k.. both in early 30's

I am local grad as well.. study here but earning oversea but my peers graduate oversea but earning Msia salary...

i think USM (university social masyarakat) pretty important nowadays.. being street smart rather than book smart...

Important of all -> home education... (things that teachers dont teach in school)

This post has been edited by twincharger07: Apr 8 2013, 10:01 PM

Not really, unless your occupation is in the Australia list of critical skillset.
Otherwise its pretty tough to get a job in Aus, not forgetting the 30%-40% tax rates.

This post has been edited by robertchoo: Apr 8 2013, 10:01 PM

If i live in a european country now, i will be crying non stop everyday and would beg, steal or borrow money to come to Asia.
Things have gone from bad to worse in Europe. France, Italy, Greece and Spain has unemployment rate of >10%
UK & USA isn't much better either.

I dont agreed that graduated from which University does matter as long as it is recognized by local goverment, not those college that give permit for student to stay doing illegal thing in MY. It is what kind of altitude you or your children have. If you have a good and right attitude, nothing stop you from shining. I didnt show my paper or whatever during my last few interview, it is useless, eventhough i interviewing people also didnt ask for their certificate or whatever ...

That is provided that you have gain much working experience, Then paper qualitification carry less weight. For a fresh graduate that has zero experience. How are they going to compete to get into the trainee post? That is the important question that you have to ask.

Also I want to emphasize that you cannot use your Good old time, aka 10 to 15 yrs ago as a yard stick. Time change, things change, requirement change. Competition to get job become Much more intense nowadays.

Eg. A stack of application CV for you to filter through to give interview. I am very sure the Oxbridge, Ivy league uni graduate get the 1st round interview before the rest. Would you agree ?

Just my 2 cp

This post has been edited by Halamdar: Apr 8 2013, 11:10 PM

I think public local unis are ok. But can be improved somemore. Obviously there is some catching up to do, if not why do the govt still give scholarship to study overseas? The only put off for me concerning local uni, is having to qualify thru STPM. I rather if my kids go straight to uni after form 5 - which some local - mostly provate unis - offer.

Halamdar,

<<Eg. A stack of application CV for you to filter through to give interview.>>

Only people that Do NOT KNOW how to use BETTER METHOD to find a job use that method. 90+% of jobs are never advertised to begin with. Hence, those people are competing with 10% of the open positions.

Dreamer

Hmmm may be I am dinasaurs...and completely out of touch...

But isnt with MNC, the job offer is going through that procedure?

Or just by connection? You cannot be serious...

I understand about the internship thingie. But that in itself usually is advertised. That is what I know how my friend kids got the job.

But I could be mistaken..

Halamdar,

I had 10+ jobs across 20+ years. Only my first job is through advertisement. Yes, people can CHOOSE to use the INFERIOR METHOD to competing for the 10% open positions. But, SMARTER people grab the 90% open position before it is advertised.

Dreamer

Folks,

IMHO, there are only 2 social classes:

1) You are not RICH enough. Hence, you need to CARE how people think of you.

2) You are RICH enough to live your life INDEPENDENT of how people think of you.

Dreamer

My house 6.875x of my annual income.
How is that means?

Actually I'm still a small potato and poor (this is not a joke)

Dreamer boss, Im having the same mindset as you do the moment I read through the post.

Hehe, I guess you're still have within 10 years bond with them

Only 3 years left

This thread seems meaningless to me.

I replied only because of u. I am local graduate + working oversea too.

Most of university graduates, doing normal unless exceptional good in corporate ladder.

BUT I do know many people, earning exceptional well > RM 500k running own business, with only secondary school education.

The top 20% rich? Earning > RM 60k monthly.


This post has been edited by xyyap: Apr 8 2013, 11:42 PM

edyek,

Congratulation!!!

That means you are either there or almost there..... You are about to be FREE.....

Dreamer

To all the dads who wanna send their children to petroleum engineering uni so they can earn big bucks, check this out. UTP is no.6 in the world. Not bad. http://www.collegerag.net/top-10-worlds-be...ering-colleges/

This post has been edited by AMINT: Apr 9 2013, 07:38 AM

This thread put me off big time !

I don't know what's the purpose of this thread.

If it is trying to say people make small money and buy big properties, present the facts in local data/context and then we can discuss.

If it is trying to say oversea graduates make more money than local graduates, that's quite a sweeping statement.

If it is trying to say :- make more money is higher social class, it stings big time! How can we equate income with social class ? Ah loong and drug traffickers and so on make more money than us, are they higher in social class ?

This post has been edited by puchongite: Apr 9 2013, 08:00 AM

the purpose of this thread is to

1) let yourself evalute are you one class but you are staying in another class
2) if you are lower class why you are lower? what are those higher? how to achieve those higher? what are the normal higher people are like?
3) if you are a father like me. If you are in working class. You don't want to let your son remain working class. Now you now how you can try to help your son to move up to higher class.

i think different.

according to the chart edyek spend most time in internet adn social media so should be new affluent worker.

If he/she wanted to move up to elite. Still 3 more steps.

This post has been edited by tikaram: Apr 9 2013, 08:11 AM

I dont see a problem to be in the working class if u could earn rm60k-100k a month...