I agree that subprime will not happen in Malaysia and we will not be like US as well as our parameters is not the same as US. Malaysian banks are more stringent in loan approval compared to the banks in US. So we shall not use the word subprime for Malaysia.

What I believe is that the current property price is not sustainable based on my previous post and calculation as well.

Another issue is that there are investors out there whom I know that have very very high leverage. They use tenancy agreement to show to bank to have higher loan amount or additional loan. (I do not want to speculate if the tenancy agreement is real or not; or even if the figure stated inside is real or not) So with those documents, some banks (not sure if most bank accept tenancy agreement as source of income) loan based on that as well.

So now I'm curious if these group of people can be classify as subprime?

There's a lot of factor will determine what will happen. Of course not all place will DDD and definitely not many place will UUU as well.

By the way, everyone has their own point of view and their own analysis. So best is just understand the whole thing and share point of view. I don't see arguing anything here will change anyone's mindset

I believe I had touched sensitive nerves when saying bubble......
Well, share market just drop quite a bit .... lets see how it goes.....

We already reaped our rewards and basking in the sun. Today i am too poor according to the bear theory.

share market drop...property up or down?

if share market drop...ppl dare not buy stock...use money to buy property...so property up?

If already reap rewards then got bullets to go in FULL SWING right?
ALL IN LA...... PUT YR MONEY WHERE YR MOUTH IS.....

Alright even if what u say is true which is invstors who over leveraged according to you, it wont be a significant high number maybe 1%, maybe lesser than that. And u know what? Most banks are more afraid of fraud issues rather than subprime because the loan given are just too stringent.

Now in the US, these practice are universally standard for the banks there. Which is giving high loans to buy properties to poor people who likes to spend time on forums.

Already put laa, already got my return. I already nick my name Amaya. When ddd ask me not to put 3 years ago, i still put and wow look at my rewards.

For refinance case, the cash out portion, the bank cap at 10 years repayment period when calculating monthly installment.

Evil evil ..he he

This post has been edited by UFO-ET: Jan 27 2014, 11:44 AM

The last of the Mohicans

Hv to agree bubble "burst" already started since 2010, here and there, it's piling up, DDD tktt pls stay tuned, it will be yr turn to slaughter the pigs

This post has been edited by UFO-ET: Jan 27 2014, 12:01 PM

Malaysia Household debt to GDP of 83% as at Oct 2013.


80% "households" earn less than RM5,000 and thus can ill afford mortgages for 30 years loan on a RM500,000 property that costs RM2,460 monthly service at 4.25% interest but would cost RM3,193 a month , at prevailing base lending rate of 6.6%

Household debt in Malaysia – Is it sustainable and healthy?
Why S&P Cuts Outlook on Malaysia Banks on Household Debt Concern?
Why BNM implemented so many new measurement aimed to avoiding excessive household indebtedness and to reinforce responsible lending practices by key credit providers partially the new reference rate frame work?

These figures and actions speak louder than words.

Ya lor.. forumers here all half pass 6 salary worker.. why wanna pretend old uncle and cash loaded lehh..

I also suggest u guts all in.. but in their heart "siao meh750 DSL outskirt or 600k high rise in kl or more)"

haizzz... dat amanya last someone pick wild card issue and report us .. this threads was close ... pissed bo.. agent..

but in actual fact u say u want hold it for long term dat 2 room studio.. ok lahh I make it more general lor manny studios around you oso cost the same size d same..

actually potential buyers who have the above cinsideration run through is enough liao..

Earlier say di.. many ppl seeing no reply when burn their investment sure reply geh..

No, I dunno others, I hv no confidence

Dude.. ok we agree increase ok... but just making loss even increase.. u just want to say prop price will increase right.. in mature areas.. u tell your ppl wen you bring them to see house tell them bout my calculatiob..then tel them at the end still increase.

Ehh.. last I check u say u want to hold and still hold right and say got ppl offer u leh.. u say u dun want sell leh just last week lehh.. now sell liao.. reap profit liao.. name I check d S&P .. or I do land search see.. transfer di ir not agent..

Just hope their property to sell off and painting how good d market is they will justisy everyting.. and count ngam ngam for you to service d loan.. other issue they keep low..

Kind of like pay to talk.. we then again is just pure talk without proof..

After BNM's curbing rulings, market is unsustainable and will go down. The worse case is stagnant. Why the hurry ? If there is a full blown crash, I will treat it as bonus

You are right. Thats why we have to do selective buying even in a good time. But no buying at all just want to wait for bubble happen is not a good strategy. Unless you really not afford to buy a house even in a good time and expect fire sale in bubble. I still reserve my bullet for bad case scenario like bubble and make sure have enough cushion to face it.

Emm i am reaping the benefits of buying it before it increases and holding it. Yes i dont want to sell. No need when sunway velocity is 1m.