I think your prediction is very real. And if I am the government, I will do that too

Yea businessmen always has their way around their problem

Actually the 51% should support fully the implementation of GST. As discussed in Real World Issue, only the rich pay tax now. 20% taxpayer x 28m population = 5+ million voters = 51% of voters. The other 47% including bangla and phillippinos never pay tax and get BR1M. Why shouldn't the 47% vote for those who give them money ?

Now if GST is implemented, 100% population and 100% voters pay tax. They government has to account for 100% voters' money now. Those 47% now are forced to pay tax. They will now care where their money goes. They wouldn't allow the government to buy condo for cows. They will make sure their submarine can submerge. The will make sure a laptop is not priced at RM30k

GST is therefore good for the future of Malaysia. I support !

You don't know property, you don't know taxation, you don't know economics. Do you know anything other than "wait and see" ?

You can just google the countries which implement GST and see how many of them fall into recession solely because of GST

Do your homework and post the link here. Rather then just ask people to "wait and see"

Please continue to entertain us. Looking forward to it

Walan, didn't know to win in a debate with you I have to prove I am richer than you. Since when in LYN does a person's wealth will determine who's idea is more convincing ? Grow up boy

I feel like talking to a kindergandener. Trying to teach him 2+2 = 4. Then suddenly he said "you gotta prove to me you are richer than me, if not why should I learn from you ?"

I really like you. You are a great entertainer of this forum

This post has been edited by EddyLB: Jun 10 2013, 06:43 AM

From your previous replies, I don't see a correlation between your (claimed) qualification and experience with the knowledge in taxation and economics

On second part of your comment, you seemed to be more preoccupied in thinking of losing money in the recession than making money in boom times. You only notice the sadness of "people drown by their investment". How about people making money during property boom ? It has 2 sides for every coin

Not to sound too optimistic, in all types of investment there are instances we lose money. But there are also chances we make money. It is up to the people to judge based on their business acumen. Risk and opportunity is always there for us to grab. Of course you can choose not to grab it.

I notice the conservatives tend to wait for all 10 traffic lights to turn green at once before they move. While entrepreneur will solve the issue when they come to a red light.

Of course, the dare devil who beats the red lights takes more risk and may reach the destination a lot faster. But on the other hand, he may be killed when he jumps the red at the 4th traffic lights

While the conservative never move because the traffic lights will never turn all green simultaneously

When you want to express something, don't ask people question, just state down your fact lah. No confident in your own answer, is it ?

And I can't find what you are trying to express in your link. Beside the lack of knowledge in property, economics, taxation, no you show that you can't even read and properly present your points

I will give you in point form so you will find it easier to understand

1. Australia introduced GST in 2000. Australia is not in recession for the past 21 years http://www.huffingtonpost.com/2013/03/06/a..._n_2818610.html

2. Singapore introduced GST in 1994. The GDP growth rate for 1995 is nearly 9% http://www.unesco.org/most/apmrnw13.htm
"As an indication of the level of Singapore's economic growth, it may be noted that real GDP grew by nearly 9 per cent in 1995" - middle of 2nd para

3. Having the above examples, I will not be so naive to conclude that GST is the contributor to economic growth/preventive measure of recession. GST is a fiscal policy, and of course it will affect the economy. But you can't say GST will bring recession or create economic growth. Saying so will expose you are shallow and know nuts about economics

4. UK introduce GST in 1993. UK went into recession in 1994 for about 2 years. But so are most countries around the world during that period. The reason for the worldwide recession in 1973-1975 is because of the infamous oil crisis. That crisis alone is a subject you can write a thesis on and got yourself a PhD

5. The are many cycle of economic recession and boom. Just because a country implement GST in the preceding year of recession does not prove GST is the smoking gun. The same applies when GST is introduced this year, and the next year is economic boom --> you cannot say GST brings benefit to ecnonomy

6. Just like I can't say I start working in 1997. 1998 is Asia financial crisis. So you accuse me of start working in 1997, and caused the Asian financial crisis It is the same behaviour of a childish person, who always find someone to blame.

7. Recession and fluctuation in GDP is not the same thing. The definition of recession is 3 consecutive -ve GDP growth

8. The economy is the government's report card. If GST will cause the economy to go into recession, no government will implement GST. Easy to understand, unless you are really a kindergarderer

Friend, go read the Introduction of GST by MOF. The link I have given. Not those Australian GST lah. Talking complicated things to a kindergardener really make me vomit blood

Cashflow wise, please read this lah. Malaysian one........

http://gst.customs.gov.my/en/ib/Pages/ib_imp.aspx



Friend, no accrual accounting lah. Do you know what are you talking about ? Study first before you make comments lah ! Different level very difficult to communicate

Save your breath.....He knows nuts about GST

Rental yield of about 5%. Not bad in this market

Is it FH or LH ?
Are you cashflow positive ?

Could you lengthen your loan tenure to make it at least cashflow breakeven ? Or reduce the LTV ?

5% doesn't sound bad to me if it is cashflow breakeven at least. In a few years time, you can make it cashflow positive by either increasing the rent, or repaying some of your loan amount.

Rough Calculation :

Loan RM300k, 30 years, interest 4.4% monthly installment = about RM1.5k
Increase to 35 years, monthly installment = about RM1.4k

Is the rental of RM1400 the market rate there ? Doesn't sound like a low cost apartment rental rate to me

For me, investment property I will try to get loan tenure as long as possible to reduce the monthly cash outflow. As long as I have tenant, I don't really mind sharing some of the rental income with bank. It is the tenant who pay my bank loan anyway

I think the orange one is middle cost. The apartment fronting LDP is flora damansara which looks like low cost. I am not that familiar with the place though so didn't know the price went up so high

Like Appreciative Man said, try to get the bank to value as per selling price, so you don't need to fork out more initial capital.

The last thing to check would be the monthly management fees, bi-yearly assessment and quit rent. Total up it may be RM100+ per month (assuming no swimming pool, gym etc which the management fees is cheaper)

Wow, the difference is so much

Your case is not new. Have been hearing it since late last year that the banks are giving lower valuation than market.

It shows the BNM is wary of the hot market and trying to reduce speculation. Cooling measure is good. Controlling the size of the bubble is better than letting it continue to inflate until bubble burst. But it will affect the genuine buyers' ability to buy property.

Car is 100% depreciable expense. So, car loan 100% sure lose money. Property is appreciable asset in long term. So, property loan most of the time make money given time

But there are people who drive luxury cars and live in small DSL. The cars are worth more than the house. No right or wrong, just different people different preference.

Haha, as said previously, one day, property price will come down. Normal cycle for every commodity. The question is WHEN will the property market come down ? I have asked, and you don't even dare to give a range of dates

Those who see property price coming down in the next 6-12 month can wait. Those who think still got 3-4 years to play can still buy and make enough money to sustain the price drop in 3-4 years

Already been tighten now. My banker told me no more -2.5 for <1mil loan

Which bank is that ? PM me if not convenient to post here

+1

For own stay, up or down, you still will stay in the house. No difference. In long term, the price will go up. You will make money on paper for sure

Just make sure not to over-stretch your monthly budget and you will be alright

No offence, I think you are the one who should study more about GST before putting your comments




mroysd@lyn does not know what he is talking about.....yet. Until he study more about GST

Haha, in addition to icemanfx, now I can see another person who make himself look like a fool when it comes to GST

I did. That's why I come to the conclusion....