boss, just because your 'fren' failed doesn't mean everybody fail to manage their financials.
but honestly, i salute those rm3.5k salary earners driving >rm100k vehicles.

if 3.5k salary can drive >rm100k car....proton dont need to sell and close door next month

Moral of story is not about failing (everyone will fail no matter how good they are)... moral of story is, its easy to say you'll be disciplined before you enter the situation... the real test only starts when you're in it...
So why don't you have a simulation to test yourself first (If you're going to commit 3.5K a month) lets see if you can save that amount monthly for 3-6 months first, to be safer, make it 4.5K per month. If you can do it... hey... you've got the discipline... OR you can take the risk and try it out for real... Well that's my opinion of the moral of the story... Feel free to add in other morals...

affordability is vr subjective one...some manager earn 8k but they think they only afford to buy a Vios, some youngster 3K only still stretch themself to get a VIOS...if youngster can stretch themself to get expensive car...they can stretch themself to buy a house too...car & prop is diff products but what i mean here is the mentality of youngster.

what im trying to say is for youngster that choose property over car, they can go for 800k prop if they wish too...and many of them havent bought any house yet, so the demand is still there...

Hmmm I hope someone remembers the above statements... If 3K can buy vios proton better close down... lmfao!!!

Yes. USD changed to RM last 2 week was RM3.05 but now RM3.15. huhu. good for those who earn outside of malaysia but I wanna know what is currently going on? Anybody can help to explain? Some of my friends said that the RM will be devalued even further to rm3.3 like that very soon vs USD

Yes yes... I would also like to know... anybody? anybody care to explain? lol!!! And more importantly for the majority of those who read this forum... what may be the impact on property prices (if any)... please... anybody?

hey bro, they can stretch to that extent but it doesnt mean that it is advisable le....

foreign funds selling MGS dominated in MYR. So sell MYR.....sell sell sell...to buy back their own currency.......then you have local companies / tycoons investing in forien land....selll MYR.......Sell selll sell. and more selling.......That's why in earlier version i siad.....Malaysia lack of fundamental and current economic model cannot sustained.....more selling to come.

if you have children.....best to save their education fund in foriegn land......whcih is picking up close to 2.5....and 5 years later....>3.0 ......

In my opinion, the more devalued the RM, the more foreigners would be interested to buy especially Singaporeans. Our exchange rate is quite bullshit now. I am happy since I earn some parts in USD but I am worried what will happen to my country situation especially we know that we are having huge debt.

Oh.. so are you implying that its not advisable to stretch one's financials? If so, then is it advisable to stretch 8K to buy a 800K property? hmmmm...

Hmmm.. I see... it makes sense that from a purchasing power point of view, it would draw more property investors in to buy because its cheaper.. but from an economic point of view if the currency is devaluing due to weak fundamentals, which investors would want to start up businesses here... and if few, then where will the jobs (especially for expats) come from? And if that is not there then where is the rental demand and yield going to come from? If business declines then wouldn't there be job cuts? Well unless of course and obviously that the whole economy relies again on property development??? Which is what it already has been doing... so is there going to be more? Hmmmm....

Stretch is fine if one has plan B, C, D ,E to service loan... if no plan, i would suggest to buy at own affordability standard.

so cheap one? mine loan 550k 35 years got to pay 2600 p.m.

i doubt 35 vs 40 bring significant diff..

bear in mind if one spend 1k out of 3.5k net income (29%+) or 3k of out 8k (38%) is very different one le, 30%+- from net income but net free cash flow is different.

3k out of 8k net income i think is ok...have enough holding power. if the location is not bad...the area is good...why not ? bear in mind is 1st prop will occupaid for own stay in future...

thx for your practical view, i got what u mean

This post has been edited by blowwater101: Jun 20 2013, 12:04 PM

since the prop appreciate at about 10% per year, when we reach 2Q 2014, the correction will come back to 2Q 2013? Might as well buy now?

that's assuming the trend is 10% appreciation per year. I donno about the real appreciation. ANyone can clarify?

I am not an economist but just saying based on what I think is logic. I believe property prices wont be affected negatively until 2016-2017. why? We have such stimulus like the Economic Tranformation Plan. One of the things is the new MRT phase 1,2,3 and lrt#2,3.

We have employed many foreigners professional and non-professionals to work and actually from the data I have, rental in certain parts of kl is been increasing steadily. well this maybe an artificial effect since it is supported by the projects of the ETP.

I believe since these projects are ongoing, property prices would not be affected as not just foreigners coming but Malaysians are also buying near MRT and LRT. Until around 2016-2017, in which the next GE is around the corner and MRT#1 and LRT#2 almost completed or functional (dunno), then maybe we could see some negative effect. that time MRT#2,#3 and others ETP is still unknown of their status. If BN loses, then we could see something else in the initial stage.


If you ask me, we are in the correct timing to buy near these new MRT, LRT. When all phases completed, I believe price wont be as per current price anymore. bad news for buyer then. This is a chance of a lifetime. one should look into this opportunity just like those early buyers before 2008.

This post has been edited by AMINT: Jun 20 2013, 12:17 PM

Why bro? After mrt and lrt completed, those houses nearby will surely appreciate, right? I consider that as a chance of a lifetime to buy at current price

Before KLIA was completed, house price in Nilai, Sepang, Salak Tinggi area was rocketed. However, after KLIA was completed, lots of these houses were left vacant for many years.

chance of a lifetime...mayb too optimistic...

but compare KLIA with MRT/LRT development .....

KLIA only a good factor for nilai/sepang....MRT/LRT is direct enhancement of the current city

This post has been edited by blowwater101: Jun 20 2013, 01:44 PM