Die die....everybody bankrupt. Sure property crash..

good lesser pool of buyers, and also existing pool of buyers aware of this and pause buying, those see the market different view also stop buying in view of super inflation next year, with no demands around, as usual investors will call their won price, and try to fortified with valuers, by paying under table money like RM1k to get the valuation report on higher price, bank officers chasing for commission will tutup mata and say loan approved based on valuers

JOHOR BARU: Young Malaysians are being declared bankrupt because they spend more than they earn, says Minister in the Prime Minister’s Department Nancy Shukri (pic).

This trend was worrying because most of them had just started working but already had debt problems, she added.

“This younger generation are supposed to be the next leaders. Instead, we have those who are already facing financial difficulties at a very young age,’’ she told a press conference after opening an information programme for young people at the Home Ministry complex at Setia Tropika here yesterday.

Quoting figures from the Insolvency Department, she said there was an increase in the number of young Malaysians being declared bankrupts in the past five years.

She said there were nearly 22,000 cases last year, an increase from about 13,200 in 2007.

Within the first six months of this year, more than 12,300 young Malaysians had been declared bankrupt. They include 3,680 women.

“On the average, 70.22% of the cases are men,” said Nancy, adding that most of them have outstanding debts of RM30,000 or more and could not afford to settle their dues.

She said the high bankruptcy rate among Malaysians at a young age mainly resulted from defaulting on instalment payments on car, housing and personal loans.

Nancy said there had been celebrities who were also declared bankrupt but most of them declined to seek assistance from the Insolvency Department.

She added that aside from the department, those who have problems managing their finances could seek advice from the Credit Counselling and Debt Management Agency.

Bear bear, laLat, mraccountant, student, agentdiary, msSper$m, pls dun buy. Wori u all end up pokai on the street.

That is a very mild news....more people getting bankrupts n mostly from the younger generation.

You only worries if the news cone out - more n more people jump from 14th floor n leaving their wife/husband/kids to shoulder the debts....

Bear bear dun buy and if someone ask u yaksi, pls jz ignore him.
Bear bear, pls dun buy.

Kena phobia already? 

buy la bear bear.

Market very bad...I got 1 condo vp soon, very worried about installment.

I ask my agent sell 1.2, someone give me offer 700k, instead of ask him go road side tfk..

This is serious advice....Suggest u sell your property at least 50% discount to Bearbear now

Market very bad...I got 1 condo vp soon, very worried about installment.

I ask my agent sell 1.2, someone give me offer 700k, instead of ask him go road side tfk..I beg the buyer increase little bit so that I can settle my loan..is buyer market now   

Everywhere is dropping..I can sense it..new VP condo all no demand..you consider lucky if someone buy your unit at dirt cheap..please don't hold..cut lost now

Next year after GST I foresee property at least drop 50% worst than 97 crisis

Ringgit going to depriciate to lowest point in history..sooner all our ringgit become worthless..

Please convert to rupiah n Thai bath or peso..anything happen we can run to Thailand and work as Gigolo or go Indonesia as contraction worker..

Europe n us already bann malaysian due to too many jump aeroplane there

Take half of your saving in bank n buy rice n keep under your bed..sooner rice will more valuable than gold

This is serious advice...latuk manutdgiggs , tiger , zuiko , appreciate man,clould ,showtime , jolokia u all take care since u all r big property holder. Suggest u sell your property at least 50% discount to Bearbear now ...next year is repoman market the biggest winner in industry...if u not dispose now next year will worst ...u sell butt also need to die 

Bad enought boh?

50% is just the tip when the crash happen.

It might take 1 year for the price to bottom down to at 90%. I will buy from you when price drop 90%.