If you read Economics Nobel Price winner Robert J. Shiller's book Irrational Exuberance, you will notice that Malaysia Real Estate Bubble has entered 'negative sentiment' phase since 2013, and will enter 'negative feedback loop' phase soon, then burst! The entire post-bubble dynamics might take few years to play themselves out.

This guy has successfully predicted 2000 US stock market crash, and 2008 US housing market crash with quite good accuracy!

No ... that's not what subprime means.
SUBPRIME in USA are category of ppl NOT qualified to get house loans. Not just bankrupt. It's bcoz banks in USA got a plan to reduce their risk from subprime borrowers with MBS (mortgage backed securities). They sell this MBS to other investors hence "transferring" the risk. With MBS, they also "average" out the risk bcoz it's a mixed of subprime and prime borrowers.

So in Msia ... are there ppl NOT qualified to get loans, getting loans. YES. They are consider SUBPRIME.
Ppl who uses  REFINANCING to buy another property with 10% downpayment. They refinance one property to buy 2 properties. And then they flip these property to make a huge profit margin. The process repeats until they are holding more and more properties. This is ONLY good when the market is in BULL mode.

Some even quit their day job doing this, living on rents. So their credit worthiness is compromised when they quit their jobs. Basically putting ALL in one basket .... Property basket. They also moved themselves frm PRIME to SUBPRIME category. The Msian banks may be prudent in their loans approval but borrowers were not. They think good times will keep rolling and property prices NEVER drop.... 

Is it that difficult to google "Subprime mortgage crisis" ?
How to define subprime in USA ?
FICO score
BNM strict rulings and CCRIS checks essentially is the malaysia version of FICO. I suspect the current stringent of credit granting has cause the score to move to the 90s.
1. Payment history - those "0s" in CCRIS report
2. Credit utilisation - have you repaid down the outstanding loans. How many years to go
3. Length of credit history - to determine whether you are good paymaster
4. Types of credit used - list down the CC, car loan, personal loan, property loan
5. Recent searches for credit - all your existing application (not yet approved) are reflected in CCRIS

On top of that, BNM also has LTV 90%/70%, net income ruling, top up loan limited to 10 years, personal loan limited to 10 years etc

You guys judge for yourself if there is any resemblance of malaysian property loan to US subprime mortgage

If Malaysia property crash 50%/70%, "Subprime" is still not an appropriate word to be named
IMO, correct word is "Property market bubble and crisis"

I hv a 70% loan with a bank, my property has gone up 67% now, I try to refinance my property with new valuation but it was rejected, bank says my income cannot support a higher loan. I try 2 banks
It is not easy to refinance as claimed by you
My LTV stands at 43% now

Actually subprime or not subprime refers to ones ability to repay.. if subprime (based on the above) is not a similar model to malaysia(claimed by many here)...  that does not negate the fact that investors / flippers who hold prop in vacant mode will get burn.. correct or not..

Why suddenly malaysian in banking sector are as good as singaporean as we speak?..  no loop holes.. no bribe.. loan officet no sales target.. all loan approve to flippers are good all pass stringent test .. then no need worry di.. storm come also no problem... just dat u making a lost in investment right..

burst huh? see the demand these people age 15-24 

I really doubt you hv borrowed money fr banks before, IMO Malaysia banks are more conservative than Singapore's bank

Yeah, the demand is there for all first time owners and younger generation. Problem is that non of them can afford the high prices now.

I was countering people who wants to keeps harping about subprime subprime subprime and how similar to US we are when Malaysia is nowehere close. Sometimes DDDs are annoying like to twist peoples words. That bankrupt was an example because it cant happen in Malaysia.

Biasalah...
A few hardcore DDD always say "UUU camp says market always up, forever up and no corrections"
p/s : I damn miss the GOLD fella lah, he knows m goin to screw him for th PIGS (Euro crisis)

Biasalah...
A few hardcore DDD always say "UUU camp says market always up, forever up and no corrections"
p/s : I damn miss the GOLD fella lah, he knows m goin to screw him for th PIGS (Euro crisis)

If Malaysia property crash 50%/70%, "Subprime" is still not an appropriate word to be named
IMO, correct word is "Property market bubble and crisis"

I agree with you. It is totally 2 difference scenario (if malaysia property market crash really happen in the future). At the point of giving out loans, the banks have vet through the borrowers' ability to service the loan and the borrowers are not "subprime" so to speak. Only when there is a mass unemployment problem, or crazy interest rate hikes like 1997/98 then borrowers will face difficulties paying installment. But there is nothing to do with "US sub prime". The extreme DDD people here are too obsessed with seeing a bubble burst. Every example like sub prime, Euro crisis, Japan deflation, Bkt Beruntung will be related to the next property crash 

Well said well said. When they are too obsessed on seing a bubble that is when they become annoying.

I mean i already ackonowledge bubble burst already..in bukit beruntong but they want all of Malaysia. Never can admit that prime areas are really doing very well....and really likes to pick on Amaya ( the condo and me).