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)

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?

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

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

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

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

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

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?

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?

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

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

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

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

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 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

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.