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 Are you guys ready for hike in interest rate?, Interest rate rising in July & September

Are you guys ready?
 
Yes, my loan percentage is low compared to my earning. [ 124 ] ** [63.59%]
No. (Explain why no?) [ 71 ] ** [36.41%]
Total Votes: 195
  
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bcpbeancounter
post Jul 12 2014, 12:41 PM

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QUOTE(gspirit01 @ Jul 12 2014, 12:34 PM)
This is like killing a frog in a slow heat. Are holders or buyers the frogs, be my guess.
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I think this will only happen if income keep stagnant or worst decrease.
bcpbeancounter
post Jul 12 2014, 12:48 PM

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QUOTE(bearbearwong @ Jul 12 2014, 12:39 PM)
only if people want to buy from you.. or can afford to buy look at PEMANDU and EPF data.. where got many rich ppl.. middle class a lot.. if they stop buying before this hike like now subsales like dead fish.. after 2 cycles of increase and GST.. they just cant buy.. you guys will be holding..

and between, you play rental games, how is yields after BLR increase? increasing rentals or swallow? those newer prop rental yields already depressing now add salt to water luu
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Don't just look at the percentage. Eg...some say the 0.25% increase will cause 3% increase in monthly instalment. Sound a lot but actually only rm60 for a rm500k loan. Likewise, for the rich and poor percentage.
bcpbeancounter
post Jul 12 2014, 12:56 PM

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QUOTE(InF.anime @ Jul 12 2014, 12:46 PM)
So hosehold debt= 86.8% means what ?
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See this.
http://en.m.wikipedia.org/wiki/Gross_domestic_product


bcpbeancounter
post Jul 12 2014, 01:00 PM

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QUOTE(bearbearwong @ Jul 12 2014, 12:52 PM)
so do you think the income will stagnant and expenses increases?
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Other i dont know but my income and expenses keep increase. 😁
bcpbeancounter
post Jul 12 2014, 01:03 PM

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QUOTE(gspirit01 @ Jul 12 2014, 12:54 PM)
I started my midnight US stock trading sometimes ago. Busy learning and trading this high risk investment. So all my time were quite caught up among works, family, trading.  I check the thread from time to time and there were all people attacking each others. Really no point reading. I do miss some of the good discussions here too.
I was in Taiwan sometimes ago. The salary over there do decrease over the years. Talking abt bad economy! Btw, they are having the same, but worse, situation as here. Plenty of empty and expensive condo and apt.  Their young people are even more pressimistic about the future.
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I am not familiar with taiwan but i guess their political issue especially relationship with china hav big impact on their economy.
bcpbeancounter
post Jul 12 2014, 01:04 PM

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QUOTE(bearbearwong @ Jul 12 2014, 01:02 PM)
yup... and others you dunno.. just nice..
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Your income decrease? Pity you. 😂
bcpbeancounter
post Jul 12 2014, 01:06 PM

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QUOTE(bearbearwong @ Jul 12 2014, 01:01 PM)
haha how is your insight towards property market of Malaysia after GST? increased crazily? or many ppl dumping? or they are just cool only...
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Put it this way, if you own 2 prop. Will you fire sell 1 of it due to int increase and gst?
bcpbeancounter
post Jul 12 2014, 01:46 PM

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QUOTE(gspirit01 @ Jul 12 2014, 01:34 PM)
First thing is that, nobody can foresee the future. As for now, it is a situation we call too wide a spread.  If u look at some of the local counter, the bid and ask are very wide, which not many transaction will be done.  So this is called illiquid.  Then, you hv too see which side will have more pressure. That will determine the direction of price.

As for the serviceability of loan, u can take the national average of salary x the total number of salary earners. Take the figure and divided by the total loan interest(gdp x loan percentage x current loan interest), u will roughly know whether people can afford the loan or not. Also, beside household debt, there are commercial loan and public loan. Another word, we can repay all the nation loan in one year.
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Bear bear already foresee price crash 30%. I foresee it is harder for him to buy one now, harder when second round of increase in Sep and no hope to buy 1 after 1 April 2015. tongue.gif
bcpbeancounter
post Jul 13 2014, 10:17 AM

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QUOTE(beyond86 @ Jul 12 2014, 02:51 PM)
Placed RM3k as booking fees that time thinking for own stay.
But now location not suitable, resell value not there
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Mind to share the location?

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