You are moving the goalpost.
In your first reply to me you were cherry picking.

Anecdotal evidence
From Wikipedia, the free encyclopedia

See also: Cherry picking
Anecdotal evidence is evidence from anecdotes: evidence collected in a casual or informal manner and relying heavily or entirely on personal testimony.

The term is sometimes used in a legal context to describe certain kinds of testimony which are uncorroborated by objective, independent evidence such as notarized documentation, photographs, audio-visual recordings, etc.

When used in advertising or promotion of a product, service, or idea, anecdotal reports are often called a testimonial, which are highly regulated[1] or banned in some[which?] jurisdictions.

When compared to other types of evidence, anecdotal evidence is generally regarded as limited in value due to a number of potential weaknesses, but may be considered within the scope of scientific method as some anecdotal evidence can be both empirical and verifiable, e.g. in the use of case studies in medicine. Other anecdotal evidence, however, does not qualify as scientific evidence, because its nature prevents it from being investigated by the scientific method. Where only one or a few anecdotes are presented, there is a larger chance that they may be unreliable due to cherry-picked or otherwise non-representative samples of typical cases.[2][3] Similarly, psychologists have found that due to cognitive bias people are more likely to remember notable or unusual examples rather than typical examples.[4] Thus, even when accurate, anecdotal evidence is not necessarily representative of a typical experience. Accurate determination of whether an anecdote is typical requires statistical evidence.[5] Misuse of anecdotal evidence is an informal fallacy[6] and is sometimes referred to as the "person who" fallacy ("I know a person who..."; "I know of a case where..." etc.) which places undue weight on experiences of close peers which may not be typical.

In all forms of anecdotal evidence its reliability by objective independent assessment may be in doubt. This is a consequence of the informal way the information is gathered, documented, presented, or any combination of the three. The term is often used to describe evidence for which there is an absence of documentation, leaving verification dependent on the credibility of the party presenting the evidence.

Not sure if you are trolling or serious. It will be good for you to really read through people's advice when they give it to you, as opposed to trying to argue your way out of it.

This post has been edited by prody: Feb 22 2021, 08:55 AM

ONLY 4% with net worth of MYR400k?

Actually now is the time to get good value properties either new development or auctions market. Open your eyes.

if you are looking to buy your 1st house or buying for own stay, yes.
for investment, nope.

Yes, according to a investment bank wealth reports.

for reasons, household debts in this country is among the highest in the region.

like that one la. When stock market crash, the negative people will see it as end of the world.

The optimistic people like us will see it as opportunity to purchase shares on discount and will pour more money and savings into buying up the market.

Only the perma bull crowd, many inside here, will say 'oh property is crashing, I dont want to buy.', when instead they should be saying, wow! discounted price, time to buy!

if you don't think you can earn even 8k ringgit in KL is not achievable, then that is your problem, not mine.

I already said you can supplement your income by doing outside job from your usual full-time job. So easy and straight-forward.. But noo, you want to post on a forum about how sad your lives are that you can't even afford a property in KL..

I have lived in SG, Aus, Canada and Malaysia. I can tell you for a fact that buying your own house in Malaysia is by far and away, the easiest to accomplish.

Try buying a property in Toronto, where the Chinese and HK citizen have been ramping up prices there for half a century. Same thing in Australia now. You haven't seen a bubble until you go to Australia and see for yourself what a property bubble looks like.

As for SG? sure, public housing is affordable. But people in SG are restricted in their property ownership, choices and what they can or can't do with their HDB flat. Not to mention, nobody in SG knows what is going to happen after their 99 year property expires. Government can claim it back, can demolish it, or renew the lease. Nobody knows and that affects their prices as the age comes closer to expiration.

Malaysia is still a hidden gem of property ownership. And alot of foreigners are also attracted by the property here. In your unlikely scenario that the local KL market can't support ownership of property prices, then the foreigners certainly can. You can cry until the cows come home, but wishing a demise on property prices in Malaysia, especially in KL where landed prop is hard to come by, is an unlikely scenario. Certainly not within our lifetime. If there is a price drop, I will buy some more units. But I don't even see the prices dropping. It will remain stable for the next few years, and there will be 2-4% appreciation in the prices.

This post has been edited by Liamness: Feb 22 2021, 11:54 AM

Think it may be due to the middle income trap which has happened 10 years? back.

The middle income then has become the lower income now. Sad country.

Ok, it's kopitiam time I see.

Enjoy buying the "cheap" property here.

wow... that's cool to be able to work and travelling around the world... it is easier to understand the local market at different countries and their policy...
to be honest, Malaysia did not setup a good framework for the property development as what the Singapore government has done.
that's why the rich is getting richer and poor is getting poorer.

I have also seen recently, more and more people are looking at auction properties at prime location, as they're waiting for those who cannot sustain the property to let go. I believe that after this pandemic, the income inequality gap will increase even wider.

BS

Property price is opaque, probably the least transparent among investment assets. market, asking, offer, valuation, transacted, auction, etc could be significantly different. for the same property, one could have a range of price. the question is how realistic is the price? if you find the price cheap, how many have you bought?

KUALA LUMPUR (Nov 6): The overall household debt increased by 4% to RM1.27 trillion, accounting for 87.5% of gross domestic product (GDP), as at end-June 2020.

The increase was mainly due to a sharp contraction in GDP during the first half of the year, the Ministry of Finance (MoF) said in its Economic Outlook 2021 report.

The bulk of the debt comprised loans for purchases of residential properties (55.9%), followed by personal use (14.2%) and passenger cars (12.3%).

As at end-July 2020, total outstanding household loans rose by 4.4% to RM1.02 trillion, accounting for 56.8% of total outstanding loans in the banking sector.

https://www.theedgemarkets.com/article/hous...-making-875-gdp

Do you guys think that amount of lelong house will still increase after June 2021?

as with the latest mora, it is up to June 2021.

Yes

The official data but ask yourself the question how true the data is when you know

1) almost all hawkers that have good business will never report it
2) almost all bisnesmen in msia one way o another lowered their revenue
3) online profit/soc med earnings are majority not recorded
4) Cryptocurrency which no one will even go n tell LHDN

and i am not even including illegal bisnes like those drugs/pros/cig/mlm/"gurus" yet

n biggest one..politic cable connection.

Yes.

There are ppl who lost their jobs n those who enticed for the loan compression technique. Also those who join those gurus class n go holland

In kang kong land, one need us$540k net worth to join the richest 1%.

https://www.bloomberg.com/news/articles/202...s-of-wealthiest

it is consistent with other wealth reports that only about 4% of adults in this country have over us$100k net worth.

This post has been edited by icemanfx: Feb 24 2021, 02:30 PM

Now is 2021... dunno follow this tered for how long dee... in prime area or those good location area.. price hardly fall as there is demand or owners got holding power... end of the day when it comes to property, instead of waiting for bubble to pop... better just focus on buying at the right location...