What actually is this household debt of 86% ? Does it mean total debt (housing loan, car, credit card, personal loan, etc) divide by gross annual household income ?
If yes, then I see no issue if the percentage rise to 100% or even 200%. Say a household with RM120,000 gross annual income (RM10K per mth)...will have close to 0% if they do not have house or car loan, but the moment the buy a RM400,000 house and took up a housing loan of say RM360,000, the percentage will shot up to 300%. But this is no issue as they can easily pay the mthly housing loan instalment with thier RM10,000 income.

For auctions, they don't trust check...scared bounce.

better to put in savings ac.....some give nearly 3% interest. For a RM50,000....that's over RM120 per mth income.

This post has been edited by topearn: May 4 2014, 09:57 PM