car price does not depend on us, The car itself is overprice but that is due to government taxation and import duty policy. It is not the car distributor purposely increase the price of the car,they don't want to have a reduced profit margin anyway.

People still buy it thinking that they don't have a choice. People for example want a better and safer car that's why they buy cars even though it is priced higher compared to US or UK.

As for housing price, if everybody thinking it is overprice, surely there will be not much sales and some of the existing property flippers will start feeling the heat and sell some below market price,just to get some money back or to limit their loss.

It is not wise to compare house and car, it works differently. At least we all know we have no power in determining the price of car, it is not overprice in a sense that the high price is attributed by taxation and import duty policy of our government.

I myself do not over commit in property market and just use 10% of our household income for the monthly payment to pay for a condo so me and my wife at least have a place to stay for the time being.

I don't say that property market will go down, but i don't say it will go up either. The most important thing here is not to over commit. As for me, either the house price is going up or down, at least I have a place to stay. Regardless of what is going to happen in the future

This post has been edited by backspace66: Apr 6 2014, 09:57 AM

that will probably happens when the sun rises in the west and sets in the east. I certainly do not want to wait for that and jeopardize my family safety by buying sub standard car. 6-7 years ago ,I could not afford a safer car and stuck with a perodua which is not exactly a safe car. Are u saying i should wait for the price of cars to go down and I will only buy after that happens. Wow, your logic is certainly flawed.

errr, you are assuming that I don't buy a house. Yes you are correct in a way as I only bought a condo 3 years ago. However I don't over commit and spend only 10% of our combined income for this condo. Regardless price is going up or down, I still have a place to stay and I am properly protected in a case even that the BLR increase 2 fold from current level, even though that is unlikely to happen. I am more consevative type of person, I won't go buying anything without having enough cash to pay for the installment for at least 4-5 years.

Ok. i get you now. sorry for the misunderstanding.

or maybe they just want to sell it faster before the property market slumps or stagnating.

in my industry 200k to 300k is norm for people with 5 to 10 years experience. Of course this is total compensation including bonus.

you know that you basically describing a flipper. flippers naturally won't hold any property for long right after VP, that is why they are called flippers. they do not think of future value appreciation, just wan't to make a killing as quick as possible

just got an email from IOI properties offering 0%/24 month ezy home package. Developers have become more desperate these days to push sales

actually almost all the condo u have mentioned have not reached 500 psf. eq: 222,288 & setapak green. heck, even my unit over there just barely went above 400 psf.