hehe, come refinance your property to cash out in overdraft. then you can have standby fund for future invest or to pay your property installment.

actually in the long run it sound logic.

imagine you buy alot of property with MRTA/MLTA, when you die, the MRTA pay off all your property, your children inherit all your wealth.

then your children do the same and pass to his children, then your blood line will have alot of wealth in future.

Well some people purposely buy more and more life insurance for parents as they age. Even my dad believes in this tactic.

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.
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i know old comment, but, as to which, you would have benefit from capital appreciation. And if you were smart, it was rented out to cover the loan payments.

Wah interesting topic......so my 2 cents as follows:

Die with debts can work.....and here's how:
Just like anything, one must have the right condition

Condition: Do not have own family or responsible to anyone....if got also you don't care already one......u are 4ever alone or plan to be alone with 'dun care' attitude.....or u already know u will die soon......

What you need to do:
1) Obviously, borrow, loan, take whatever credit money u can.... there is plenty of place u can take money from.....

a) Banks - all bank brand in M'sia, personal loan, dun care interest rate..
b) Ah Long - all race of ah long from every phone number u see in street lamp post.....
c) Take out all type of expensive materials on loan basis, house, car, furniture, electrical appliances, phones, convert it to cash no matter how low they give......as long as cash u take....

After taking cash, how u use the cash its up to you....

When it comes to re-paying.....
As per topic, Die with debts ma.... so go die lor..... u can always choose to end ur life anytime....

If not, you can pusing2 or U-turn like our politicians these days.....u will still be alive no matter how ppl treat u......no ah long will kill u as they want ur money not ur life.....

or

Run away to China like our Jho Low taiko, Alvin, other Fugitive, our polis so lazy n only know pusing2, they go there investigate also lazy, so nobody will find u eventually...

so can work ma..... why cannot.... if u met the requirement, can try2 !!!

Wah... how much you are paid to lure people in? But I tell you what ... the platinum course so expensive sure got people attend one.... the psychology is — “ so expensive sure very good one”

sure can find one la.. just a matter of price & flexible in who you want as tenants..

you think so easy to foreclose?

you need to miss payments at least 3 months.. then get issued warning letter.

takes you at least 6 months of not paying a single cent before the bank decide to take action..

at least a full year before it get listed on lelong.

at any time, the owner can make just one payment in the 12 months, and the lelong will be called off..

im a seasoned house owner. pretty much know SPA agreement through and through. Also know what the banks can and can't do.

anyways, house owning is pretty straight forwards.. just keep your margin of finance below 30% and you won't run into any difficulty with any of your loans..

Means 100k house pinjam 30k sahaja

Ngam... The bankz also don't want to lelong your hause unless absolutly necessary onee.. who so stupid want to do so many things also need to lugi oneeee... hahaxz...

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I do not understand why the BN government loosely liberalized the banking sector in 1992-93, eg easy max 100% and 30-year house loans, knowing very well (from supply and demand factor) that it would lead to high prices which burdened the Rakyat, eg a DST house in PJ that cost RM150k in 1991 shot up to RM500k in 1994 - just to show off high economic growth numbers of more than 5% to the Westerners.?

Maybe the BN government was blinded by her pro-business and/or pro-bumiputera(= affirmative actions to help bumiputera entrepreneurs) policy.

Why is the government not clamping down on these predatory inflated valuations/cash-backs/multi-loans(or loan compression) practices of housing/condo developers.? More taxes and stamp duties collected.?
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