Sadly, it appears that few in Malaysia have real knowledge on what went on during the US housing bubble. South California was one of the wealthiest places in the US, and their median prices bottomed out at about RM 750k.

http://www.nuwireinvestor.com/articles/a-b...tate-53126.aspx
Here's a chart for you: http://www.doctorhousingbubble.com/wp-cont...home-prices.png

As I recall, Florida did around the same or worse than SoCal, but I can't spoonfeed all the details. Prices in both places are recovering, but we are after all 6 yrs from the peak, in an environment of zero interest rates and QE and many government initiatives to help homeowners, so the recovery is by design. Like I said, I was only seeking to correct a misunderstanding that desirable and wealthy places must always hold value in order to guide this forum's discussion back to the use of accurate facts and examples. Debt and liquidity is always the most important factor. You should be looking to places like London, NY and Sydney to justify why our values will maintain.

In any event, it is far fetched to suggest we will ever suffer a 50% crash (apart from multimillion luxury condos of course). Although it is clear to me that current pricing levels are not sustainable by our fundamentals, I do not subscribe to the belief that a  massive crash must necessarily follow. It is just one of many possible outcomes, and is dependent on a myriad of factors, political and economic, domestic and international. With so many factors at play, there is no way to predict with absolute certainty, so one must hedge their risks. My view is that holding too much debt at this point in time is foolhardy, as the chances that it may work out well is growing slimmer every day. The unfortunate fact which I distill from these forums is that many in Malaysia have no hope to achieve wealth aside from wagering away their lives (multiple 40 year mortgages) on the property market in the hope that prices will continue their upward spiral. I wish you all the best, although the very fact that there seems to be no feasible way to achieve wealth other than gambling on highly leveraged asset appreciation must tell you that something is seriously wrong with the economic fundamentals of this country.

Many shared. But later on ll b accused of boosting or being an agent trying to push the price up. So many now hav chosen not to voice out any experience. Instead let the opposition do the cut & paste. Let them do the study like nerds. And of cos some ll assume all details econ.com r 100% 1 sided.

Cheer.

Everywhere according to many negative minded people.

Yes and no. Just to share. I have a friend who rents at rm7k for a bungalow with a pool. He is a malaysian btw. If he buys the bungalow, the monthly installment is rm10k. He doesnt bother to buy coz he earns a lot more money elsewhere. I have a 100% different view from him coz i gain profit from prop. People say he is stupid but he earns more money than those people who call him stupid. LOL.

Lately i realized most Malaysians are using "Apa lagi cina mau"as a joke sentence regardless of race (dunno how can utusan writes such a thing and gets away with it)..Same like if anything bad happens, everyone goes, " ini semua mesti salah Anwar".

Even the Malaysians can afford higher interest rates, with the currrent unhealthy property market that buyer needs "lobang" with developer in order to get VVIP status to attend the 'pre-pre-preview', do you think this is fair to all Malaysians?

That's why sometimes I don't agreed with people here asking other people to buy according to your affordability, when we look into a bigger picture, it's not fair as just putting a statement "buy according to affordability eg. RM220k at outskirt areas".

Blaader, you haven't tell your place where 250k apartment can rent out for 1.5k. PM me la I wanna invest.

wow..now im getting divided whether I should get a place fory little sister now or to wait..prices really going to the roof now..

i was renting for more than a year and actively looking for my first property to buy. One fine night, it was Saturday nite while browsing in mudah.my, I noticed one house at the same area of my current rented house... I give the agent the call at about 10pm... and arrange for viewing it the next day, and the next day I paid 3% deposit.. it was a steal.... at 305k... the bank valuer valued it at 340k. the house is never occupied before, the previous owner just bought and never done anything to the house... it was last year... I signed SnP in November... and been living in the house for almost two months already...
nearby new development is way beyond my reach... 20x70 landed property is going 500k and above... and at 305k for 22x75 freehold is really, really a bargain...

Kajang Perdana, nearby TTDI Grove.. TTDI launched in 2012 for 570k.. huhu

My financier is HLIB, HLIB appoint that valuer.

yes

You'll be surprise. My row of houses, there is one house that the chinese wont touch because in front of a T junction. Becuase of the Fengshui factor and thus I believe that house was empty for years and still is and cheap but I never know the price. But that is what I heard.

So when I buy a property, even when I am not chinese, will be very particular about this becuase it means half of the population of Malaysia is not considering your house, thus the value will not be on the high side. Something that I notice laa, I might be wrong but Chinese really particular this feng shui stuff...and the number four. Stay away if you have the least bit of intention to sell your house one day.

But If I want to live there for the rest of my life I am Ok especially if it is cheap enuff to offset the non marketability of it. I hope I can find one in KL particularly my area, I am still looking, but can't find any.

If you think about it, fengshui and "pantang larangs" have logical and practical reasons. If you are facing a T, your lving room will get sudden brightness from incoming cars. Also, in the case of a "run away", the car might crash thru your living room. But those can be remedied with some practical solutions.