The magic of credit growth is that always creates an "illusion" of a sudden explosion in wealth creation, as households magically fast forward income from the next 40 years to be spent today. Those who fail to appreciate the fundamentals behind credit growth tend to mistake the illusion for the real thing, and their optimism leads to even more credit expansion. However, this trend cannot last forever, and the wealth created is destroyed via the process of deleveraging once credit tightens up.

Not all credit is bad of course. Hedge financing is healthy, whereas speculative and ponzi financing are bad. The problem is we don't know how much is bad, how much is good. I've always taken the view that we cannot tell how healthy mortgage debt is from bankruptcy rates when a market is rising faster than interest rates, as rising prices will increase your asset value faster than your debt even if you don't make a single payment. We'll only be able to tell when interest rates start crawling up. Based on recent news I think it is almost certain that rates will start edging up by the end of the year, and the key question is only: how much?

Bro, I am in a multinational F&B company. We have access to a lot of food retail information, so I can strongly disagree with your statement about makan out.
The data showed that the Eating Out market is actually shrinking across board (breakfast, lunch & dinner) compared to the past 2 years.

Just to share.

Dessert market very wide categorization, bro. It depends on which subsegments you are looking at.
Some is up, some is down. But overall quite low growth.
Besides the softening EO market, the biggest problem is the low barrier of entry. It is highly competitive. 
Easy to start, hard to sustain.

heard loan submit on aug onwards will be tighter for approval
bnm have new ruling and the margin approve is stricter
for 3rd prop onwards
this to curp speculation

my observation is that is true.

while many proper restuarants do fine on weekends and festive season, they look pretty empty on other days.

foodcourt, hawkers, traditional coffeshops usually good biz.

it is also easy to see some ambitious restaurant charging a little high only to close down soon after.

the sad fact is the wallet is hurting many. just can't splash around as often as before.

if newly committed to a home, this "makan nasi lemak aje" isn't a joke anymore.

and not nasi lemak at paparich but from roadside!!

How to be so rich to buy so many property...I envy those who can buy a lot of property.

Is it possible to drop so much? I thought Dubai was a heaven... Lots of investors invested in their properties.

None from China? Indonesia?

 

There are many of new development which does that! which questions me.. are we paving the overprice property because of dibs?? and on top of the market? Aurora condo in puchong - rm20k rebate.. sign SNP 10k.. get key another rm10k pay out. Mirage by the lake? i hope i spelled correctly.. in cyberjaya.. giving out approx rm96k cash...

if there is a any major downfall in the property sector most likely these places would go first.. Again it's really up to each individual to choose which part you would like to buy.. RM400k is abit not too affordable and those above rm500k i think they are really pushing the limits..

Rooney, the calculation is base on net income of combined husband and wife. They can choose whether to live in a small place with designer concept built up or big run down flat.. If one play by the rule of average income of Malaysian I don't think we would go wrong anytime soon. It's only when ppl start to goreng those beyond the average standard Malaysian could afford then the risk would increase exponential.

Rooney yes. That's my opinion. If your salary stay stagnant the only option for you is to opt for smaller places or places which is further away from town. Personally I'll still prefer places within the vicinity of Subang Jaya. I would not waste time looking for bigger units in Kajang or Semenyih. Again it's back to individual and their affordability level. You might think it's not true but in the long run if you are playing save within this margin the tendency of things going wrong would be much less of a risk.

  It's all base on individual risk assessment towards their investment.

Just second thought of budget
Because we are first time buyer we are not sure what is the best price. As I see all prices are shitty high
We need a house in the end.
Can jimat then jimat few "k" la

 
A real hardcore DDD...... It's amazing u can find so many DDD related report, news, articles...... U really live up to a DDD.........  

Not consider DDD 'related'??   
Wow..... Then my apology...... Frankly, I stopped at point 4 already.....   
I didn't say its not helpful...... I'm jus 'impress' and 'amaze' by u mah...... It's a compliments u kno?.....   

i pointed out many times, this is the last.

far too many ppl is confused between fed fund rate (0.25%) and mortgage rate. As per today, avg US 30 yrs ARM rate is 4.2% for avg med credit score. Which is quite on par with Malaysia current 4.2 - 4.5%.

oh, if so. can u explain why US mortgage is up now even no changes in the fed rate?

Aiyo....... Patient......
Every year u got to explain the same thing to different group of ppl mah........