Applying same logic as yours, those who invested more in 2012 and 2013 also had invested in 2009 and 2010 or even earlier 

Before bnm clamp down, believe similar scenario was fairly rampant among flippers.

First loan is 90% of purchase price of 450,000 which comes to loan amount of RM 405,000. For that monthly instalment refer to the amortization schedule at http://www.amortization-calc.com/#loan-405...35-4.6-1-2014-2

Second loan is RM 540,594 which the instalment can be seen here --> http://www.amortization-calc.com/#loan-540...35-4.6-1-2014-2

You are unaware of this trick? Means you don't have many flipper friends or they didn't share their "secret of the trade" with you.

If this is not a sub-prime, what is?

Nope. But feel free to check with your banker on the instalment amount. Anyway  that is based on 70% DSR of nett income. And one caveat I forget to mentioned is that if the 70% DSR is what bank practise. The 70% is based on few sources that I read and some mortgage officer that told me.

the calculation is wrong.. because bank only borrow money if provided the first property is inflated lets said from 200k to 400k in market value base on bank evaluation. because if the flipper unable to pay the loan.. bank can lelong the 2nd house with value [540k - (30% x 540k) ] = 378k and then 1st house... actually the flipper already sell the 2nd house before bank lelong it. in another word, we call it refinancing the 1st inflated property to buy the 2nd property and no base on rental income in 1st propery. rental is just supporting income for the payment capability.
 

BBW can tell banks file bankruptcy by the dozens every week, unless one owe the bank over a few hundred millions, why bank takut owner bankrupt?

now ah.. before bank files bankrupcy.. the person adi jump from top floor to grd floor liao lo. dun play play wo they r so many ppl monitor that person... u never know what backgrod is it lo. 

Yes I did check. In fact I just refinance one of my property up to the maximum of my 70% DSR just late last year.

I also realised when market is not good, bank is very cautious in lending. Besides that with the 10 years refinance limit, then sure blow the DSR if do the refinance this year. So I decided to refinance to the maximum of my DSR and keeping the cash on standby. And also waiting for dead chicken if there is any to pick. 

Yes for up till last year around Oct. This year I don't know if that is still possible.

bankruptcy is not the end of the world ... besides having rm500 .. and cannot have the following:

1) bank accounts
2) members of parliament or state assemblyman
3)professionals doctors & lawyers ( those not within these are not)
4)cannot travel out
5)cannot flip
6) ppl will Shaun away
7) no loans and car
8) no rights to sue

and etc .. other than that still live as a free man... if you bankrupt at age 30.. u got a chance to discharge when you are at the verge of death.. it is sad...
but bank as object wor...

well credit card hmm i heard 30,800.00 bankrupt lor...

Erm... I don't think that's a good idea. Since I revealed quite a lot on this forum, I don't want to get anyone into trouble if someone go report him/her. Just go and check with your loan officer and perhaps try a few banks. Tell them you want to take loan and ask them the method I describe earlier and ask them if they can do. I'm sure they would be very happy to "assist" you. The bigger the loan, the better for them as well. Their commission is a percentage of your loan amount.

rabel got this desperate meh? need cash BUY property ah? dude kc chan.. you are quite near FSAMA violation i guess... very jialat one.. that bank officer keep good time for maximization of cash for dead chicken

ya youngster manayak bankrupt...  quite number of it related to housing prop and poor management of money..

cash advance to pay housing loan.. which agent teach them? convince them sure can flip..

ya youngster manayak bankrupt...  quite number of it related to housing prop and poor management of money..

cash advance to pay housing loan.. which agent teach them? convince them sure can flip..

step on the reality... owayls living in inflated life, inflated house, inflated money.. get to to the grounds.. work not the end of the world... this capitalist system still 60% percent worker..

today u rich maybe tomorrow change back to worker lor.. some worker also promoted to rich maa... working class not bad wat... i also working class

one time economy come gao gao.. hoh seh liao... jatuh dan mati katak..

u guys lor investing maa.. dat y sipeh jilat... middle class also no use...

Yeah I know. So perhaps I shall stop commenting. Anyway I think this year all banks will start to be "more" strict lar.
Rich? Please la. This is double edge sword. It can make you very rich but can kill you as well. You have to be very prudent and have good financial management. It's a very high risk and you have to look carefully lar. If market dive a little, die straight.

That's why I've been saying. This past few years, there is a lot loan easy approval for the property speculation market. And in my own personal opinion, I don't see the fundamentals that can continue to support the market growth any more. Most of the new launches these 2 years have been out of reach for the majority of the working class.

Wow, something new to learn, can teach? Don't mind to pay you %.