No it is amaya maluri in taman maluri

If 719 sq ft last time cheapest 300k. Now its 500k.

This post has been edited by AmayaBumibuyer: Jul 28 2013, 03:15 PM

Are u saying 2008 or 1998?
Because to tell you d truth, 2008 was good for me. Good bonus and increment as well. I dont believe 2008 had any effect in Malaysia..well in banks. I dunno about other industry.

If it is 1998, might be a different story but for 1998 to happen again is actually quite remote. The banks is fully prepared nowadays for it not to happen again.

This post has been edited by AmayaBumibuyer: Jul 28 2013, 06:06 PM

Yeah if u r based in us and uk, then it will affect u. But u know, a malaysian from citibank in usa managed to get a job in our bank. Yeah, malaysian banks need prioritising hiring malaysians. BNM requirement. In that sense, malaysian working abroad were kind of lucky during that time. usa banks were downsizing but malaysia were more than happy to accept them.
Yeah generally local banks in malaysia wasnt affected.

This post has been edited by AmayaBumibuyer: Jul 28 2013, 11:26 PM

Anybody heard this? Diesel is missing all over Malaysia.
And what type of gasoline do the machinery that works on property? Diesel right?

This is a precursor to increase in diesel price ladies and gentlman.... and I guess property will go down???? I mean I want to hear from people who say that property is going to go down camp. Is it possible for property going down?

IMO this is infaltion at its best. Property is going up because of cost push inflation AND combine with demand pull inflation, be realistic.

Chicken goes up, fish goes up, vegetables go up, sugar go up and only property goes down?

Hmmh another point talking about economy, during the 2008 crisis in the US, interest rates went down to almost 0%. But some of us here are arguing that property price will go down because we cant service the loan due to increase interest rates, therefore more default.Learn from US, Japan etc..but really? Let say the economy is really in a bad shape in Malaysia, are we going to increase intrest rates? But then US didn't do that.

My take is always, Malaysia is different from the rest of the world. But the negative thinking people will say...just wait, Malaysia will crash soon. Dont buy anyhthing yet, learn from US, detroit, japan..bla..bla..bla. Well, they can keep on waiting.

only if the FED does that. Dont think it will be soon. And for a cost push inflation, I doubt it will work. The best thing to control the inflation is to reduce oil price. But of course this government will never do such thing.

Then we hav 1998 for us as a benchmark. KLCI went down to just 200++ only but did we hear any property firesales? They were people who lost property due to bankruptcy of course but not because interetst rate increase or interets rate went down.

This is to the fact like iceman said, we hav a different economic theory cant compare wit US. If ever interest rate went close to 0% here, i believe property investor would rejoice. And we still hav huge KWSP to bailout anybody, as what we went through 1998. There will never be the lehman brothers incident here.

This post has been edited by AmayaBumibuyer: Jul 29 2013, 06:55 PM

Thats why i said. We still hav epf as a safeguard. I was imagining the cyprus incident happening here. And if it is that bad, our epf that is in trillions, can still save us. No doubt are epf saving might slash 50%, but better than when Malaysia really in deep shit. Again for this to happen is very small chance.

This post has been edited by AmayaBumibuyer: Jul 29 2013, 07:16 PM

Yes i understand. My thought d same, but opposition is almost half in d parliament, they cant use epf for their personal use anymore without anybody knowing it. Becuase any kind of wrong bailout signals will depress the market. Gov should know this. BNM cant play hanky panky, believe they will be stern because financial institution is govern by international law, with basel and stuff.

Yeah. I am talking epf can still be used, gov can just say..yeah we will use epf to nationalize banks and all income from the bank after that will be rakyats income. Same as what happened in US. EPF fund is huge. Cyprus slash deposits in banks to save their country. And we hav EPF.

US admitted that they made a mistake by not bailing out lehman. Watched "too big to fail" movie.

Yeah malaysia is different. House is actually quite comparable but cars are just crazy. Instead or complaining about property, all of us should band together and complain about car price in malaysia.
I was sitting having bukak puase with frens las week , talking about cars. One saying he wante to buy 200k worth of car. Yup, never complain about cars. Malaysians hav accepted this. Just complain about property. We should change the peoples mindset.


Cheap cars can help everybody.

Real Estate Home Appreciation - Last 12 Months
Last Updated: 7/17/2013

Home prices continued to skyrocket all around the country in May. The Northeast saw its median price rise to $269,600, up from $245,100 and up 12.3 percent from the year before.

Home prices in the Midwest increased to a median of $159,800 in May, up from $148,700 in April. Compared with May 2012, the median there was up 8.2 percent.


In the South, the median home price rose to $183,300 from $167,800 in April and jumped 15.0 percent from the previous year.


The median home price in the West climbed to $276,400 in May from $265,400 the month before. It was up 19.9 percent from one year earlier.

The above article refers to housing price in the US.

Now i am doing car comparison. Bear with me here.

Let's say a house in US is 200k usd. A toyoto camry is around 20k usd. You need to exchange 10 toyota for 1 house.

Let's say malaysia. A house is 500k RM. A toyoto camry is 100k RM. You need to exchange 5 toyota for 1 house.

You guys see what i am getting here? People still buy cars even cars in malaysia are exorbitantly priced.

And foe expat who wants to live in malaysia as 2nd housing scheme.
Goverment of malaysia hav this policy that this expat can buy car in malaysia tax free.
Can u believe it? They like to torture their own citizens but the gwailos can have it cheap. Our government are just idiots.

This post has been edited by AmayaBumibuyer: Jul 30 2013, 01:19 PM

I think this is the whole of US. If you want to compare klang valley, then maybe u hav to compate with new york. And new york prices are crazy. You guys can google it urself.

I mean u hav to in malaysia, we still hav affordable ones in kedah, kelantan, terengganu etc etc..

Of course cannot but if gov wants we cant do much and if it there is no choice, what to do.

Car loan forms a bulk of household debts. A used car for 20k is still expensive when in US we can get for a couple of thousand. Remember how much did sam witwicki bought bumblebee in transformers 1? U think we can get such car in malaysia at dat price?

And lots of malaysians do buy car 1st hand. And i hav given example of a 100k rundown flat in d middle of KL that many younsters dont want to buy. There are choices of flats at 100k 600sq ft. Check back my past posts.

I believe car price is an issue. People go bankrupt because of this. cannot pay for their car more than cannot pay for the house. I mean thats waht i see from the list of bankruptcy reason, anybody can prove me wrong?

An excerpt from an article

Malaysia Insolvency Department (MID) state director Zalina Yacob said yesterday that the main cause for bankruptcy was failure to fulfil hire-purchase agreements.


Read more: http://www.theborneopost.com/2013/05/16/24.../#ixzz2aVbX1Z7b

Correct, but if car price are cheaper then probaby a bulk of your income can be put on property. And the reason subprime reason is more complicated than just a simple defaulting. They call it subprime because they are giving out people who cannot afford to buy. In Malaysia that is not the case. Controls are there to manage these. We can go many angles here, but believe evrybody made up their minds already. And there are cheap rundown homes out there, look around, you'll find it. It is just that people want to buy a Ferrari instead of a rundown proton.

It doesnt matter if loose lending is the case, if they were cheap, we will always have extra disposable income that can go to other places.

Well that is actually not bad all blacks. But US case was much worst, they believe that house will just increase that you dont need to go and prove to them how much you actually make. some banks just say, o u wanna buy a house? Ok sign here and your loan is approved. If u hav trouble getting loan becuase of ur income is low. we can give u loan but at a high interest. That was the practice in US and i think UK too. At least malaysia check your income. I feel it coz it was so hard for me to get the second loan approve. But i know i can pay up.

Yes, that is how bad the practice was.

I believe your story about this banks 70% margin is in your total loan, which includes the car loan too. Right? That 3.5k should have include your car loan. I mean bank checks your total loan not just the loan on the house that you are applying.

And your story is if the salary is 5k. If the salary is 10k, then you hav balance 3k. If salary 20k, then balance 6k. A reasonable margin by all accounts. And seriously, if you are at 5k salary, who would want to buy a house that has to pay 3.5k monthly?