I like your way of participation in a discussion

97/98 crisis is not only on stock market but a financial crisis where we have credit crunch. Liquidity is extremely tight that caused interest to shoot up. All types of loans were affected and bank cut loss by calling up the loans. Those cannot pay will have their securitised assets auction off.

Now we have the stupid Fed printing money and export liquidity to all over the world. There is no liquidity problem. World/regional financial crisis is not in sight at least for the short term

I can't believe the numbers. Malaysia is ranked 83rd in property price to income index at only 6.71. Look at Singapore and China. No wonder people say they come to malaysia to buy properties. Again, I can't believe the numbers

1 Georgia 40.64
2 Cambodia 35.94
3 Singapore 25.38
4 China 25.00
5 Indonesia 24.76
6 Belarus 24.17
7 Hong Kong 23.65
8 Mauritius 23.38
9 Venezuela 23.23
10 Ghana 22.92
11 Syria 22.90
12 Azerbaijan 20.95
13 Morocco 19.83
14 Nepal 19.79
15 Moldova 18.84
16 Lebanon 18.41
17 Pakistan 18.34
18 Thailand 17.67
19 Serbia 17.40
20 Macedonia 17.25
21 Algeria 17.18
22 Philippines 16.35
23 Ukraine 15.52
24 Iran 15.51
25 Taiwan 15.51
26 Montenegro 15.12
27 Albania 15.04
28 Colombia 14.89
29 Ethiopia 14.47
30 Romania 14.33
31 Vietnam 13.77
32 Lithuania 13.67
33 Brazil 13.33
34 Ecuador 13.33
35 Sri Lanka 13.05
36 Peru 13.04
37 Croatia 13.00
38 Poland 13.00
39 Kazakhstan 12.81
40 Italy 12.59
41 Tunisia 12.22
42 Slovenia 12.10
43 Russia 12.00
44 Nigeria 11.80
45 Bosnia And Herzegovina 11.70
46 Greece 11.56
47 Uruguay 11.54
48 Trinidad And Tobago 11.53
49 South Korea 11.52
50 Egypt 11.16
51 Bangladesh 11.11
52 Dominican Republic 11.04
53 Iraq 10.75
54 Hungary 10.71
55 Czech Republic 10.33
56 Israel 10.32
57 Panama 10.31
58 Argentina 10.23
59 Bulgaria 10.22
60 Latvia 10.00
61 India 9.96
62 Spain 9.45
63 Kenya 9.42
65 Finland 9.38
66 Estonia 9.26
67 Chile 9.25
68 Bolivia 8.77
69 Jordan 8.54
70 Austria 8.46
71 Sweden 8.44
72 France 8.38
73 Australia 8.12
74 Portugal 8.01
75 Slovakia 7.86
76 Malta 7.34
77 Norway 7.15
78 Japan 6.99
79 Denmark 6.97
80 Belgium 6.75
81 United Kingdom 6.73
82 Luxembourg 6.72
83 Malaysia 6.71

Based on 2012 IMF figure, Malaysia GDP/capita is US$17k. At forex 3.25, average income is RM55k. Therefore average house price is 6.7 times RM55k = RM370k. Is this average house price reasonable in Malaysia ? If it is reasonable, then the house price in Malaysia is not that expensive compare to other country.

Let's say we increase the average house price to RM600k (more like it for KV). The index increases to 10.86. It will still rank 53th in the world. Still very very low compare to world standard

Figures can't lie. I am DDD. And I am disappointed

It is not about ranking, it is about numbers. We in malaysia is paying just 10 times our annual salary to get a house. There are 52 other countries who have to pay more than us to get a house. Man that is discouraging

This post has been edited by Showtime747: Jan 14 2014, 01:44 PM

http://en.wikipedia.org/wiki/List_of_count...P%29_per_capita

Malaysia rank No 59