Raising interest rates is like shooting oneself and will be suicidal..its like askig people to buy and invest wit low rates 1st than raise the rates end up most buyers fail to service their loans and market crash..

Anf dvlopers pls dunt take consumers for fools by building high rise flats udr affordable segment, we want 22x75 landed at Rm300k to Rm400k!!

if price crash.. not to forget.. the bank loan also will crash..

Exactly. Those keep delaying their purchase waiting for price crash, did not think through what will happen. Housing is very illiquid. It effects everyone. Be carefull what you wish for...

I have not been buying since 2016. I expect the market to come down. That unker agreed with me 2 weeks ago. He even predicted 2018 market will crash 40% (RM500k down to RM300k). I don't expect so drastic %. 10% I happy liao.....

Now he U-turn pulak.....WTF ?

Same unker.....

Unker brings us all to hor-land with his expert views?

Property is for cash rich ppl n cash rich ppl prefer land instead of housing at this market situation
If see the data, 80% of unsold units is above 250k, around 70% if not mistaken unsold units is between 250k to 1 mil.
Poor ppl still poor, middle income ppl become middle lower.
Rich ppl still rich.

dear all...would like to check...i booked a house and loan approved...probably the house will be ready next year august and thats when the payment starts...question, if i plan not to take this house due to some personal issue, what is the process and will my deposit be refunded?

Interest rate and liquidity tightening is almost inevitable. leverage amplified both profits and losses. empirically, those with loan service ratio of above 30% of income are at risks of loan default.

Housing loan is only about 30% of local banks loan portfolio; hence, banks could withstand up to certain % of loan impairment without systemic risks.

Property price dropped in sg and hk a few years ago didn't have adverse effect on aggregate economy.

However, data show; the rich become richer, the poor remain poor and the middle class become the new poor.


This post has been edited by icemanfx: Nov 27 2017, 12:03 PM

So middle class ppl need to wait or should not wait ? Wait for price drop or wait for become new poor?

Don't wait but buy within means. Don't need to own 10 properties if one knows it will kill him/her in the long run.

But buy now cos if nothing else happen, the inflation rate will cause the price to be higher.

This post has been edited by David_77: Nov 27 2017, 12:22 PM

experts and politicians needs to be practical also....

50yrs ago...a landed cost only under 20k
25yrs ago...a landed cost around 200-250k

why they expect NOW everybody (95%) of working population be able to afford 250k homes and house price remains at 250k?

Adding debts may make one happy but doesn't necessary make one richer.

At 6% p.a. compounded, $250k after 25 years become $1.07m.

The issue is income didn't rise as fast as inflation, partly due to increasing population, poor improvement in productivity, etc

Of course happpiness is the utmost important lah 😄

everybody should be praying for the property market to be badly hit next year...it is a good thing...not a bad one...

People who say property market will crash, wants them to crash.

Pray or no pray, be it good or bad, long term equilibrium always prevail.

exactly, when people dun help themselves in improving their skills, their mindset, their financial status but expect everything else stay status qua, and expect to buy house at 250k or lower at good location.....and cry wolf when this doesn't happen to them.........might as well move to communist country......

Expert did their analysis.

Moody's expects decline in property prices due to supply overhang

https://www.thestar.com.my/business/busines...upply-overhang/

That unker I think got own agenda....

Wah....like that also can ?

High rise -40%, landed not affected ? He came from Mars kah ?

I have been investing in property and stock since late 80s and early 90s. When market crash, everyone is affected. Where got selective one....

So called expert....