Topic 'Die with massive debts' From my understanding is, someone borrow whatever money he can borrow as on his/her capability and then die without paying? it is what it mean? haha

Die while having all those assets attached to insurances so that all debts will be paid off and the dependents get to enjoy

ah got it

Reminded me of that guy who took out a big loan before he went out to space in ARMAGEDDON.

did he pay back or not?

Dunno. Haven't watch ARMAGEDDON 2 yet.

I see, means have to do at least minimum 30% reduction on rental when calculating LA. Means it is impossible for bank to take 100% of rental to calculate LA la, no matter it is LA for company or personal.

yes. even salary earned also wont take in 100% for calculation.

Oh now I understand more, that’s the 30% reduction for EPF SOCSO necessary expenses etc.

salary calculation is base on net income ( afer munus EPF and SOSCO ) then x 80% of the net income.

Just wondering those who have bought a lot of properties before MCO, is everybody coping ok?

Sounds like the art of a scam

Never go to these seminars, they usually have vested interest and are most certainly in the economic favour of these organisers, not yours

https://kopiandproperty.com/2019/03/25/of-c...ney-management/ - March 25 2019.

This seems to be the extension of the 1997-98 Asian Financial Crisis which was the culmination of banking liberalization policy by the WTO/IMF in 1992-93 when loans from banks got easier, cheaper and more generous but riskier, eg from maximum 80% and 15-year tenure house loans to max 100% and 30-year = most workers like even KFC/McD waiters could afford to buy a house/flat and higher-income workers like doctors and engineers could buy a few or up to 40 houses for investment.
....... This created an artificial economic boom, eg a DST house in PJ that cost RM150k in 1990 shot up to RM500k in 1994. Many Malaysian companies borrowed heavily in US$ short-term high-interest loans to satisfy the pent-up demand for highways, houses/condos/apartments/flats, cars, consumer goods, etc. When the RM was manipulated to drop from RM2.5 to RM4.2 to the US$ in 1997, many of these companies defaulted on their US$ loans. Those who invested in more than 10 houses in 1995-97 mostly got bankrupt or a few jumped 14th floor in 1998-99.

Now, in the 2010s and 2020s = no more economic boom, so the housing companies use easy inflated valuation, cash-backs and multi-loans to artificially create another artificial economic boom which will culminate in another crisis.

BillCollector - fyi. Maybe you are interested in the RM1 million cash-back.
.