WAKE UP !WAKE UP! KNOCK !! KNOCK!!

Do you guys really think this Announcement is great!!!
the Rich getting Richer which is TRUE.

They want our EPF money to convert into Liabilty for LIFE and leave us POOR for Life??
EPF is our retirement money and don't forget that the houses now were OVERPRICED!
Down the road, we may need money for HEALTH CARE PLAN or Payment to other HIDDEN BILLS till we DIE.

Why didn't they just lower the cost of Building Materials and built a cheaper Quality homes. If IKEA can Do That , Why can't Malaysia Govt do that? Is it because of JACKED UP PRICE again in the layers of corruption. Alot of people took this Budget Day and were happy with this plan..

Everybody i just want you all to understand this.

Buying house is a good thing because it has higher interest rate for Landed Properties. Other thing need to consider is Leasehold properties and Bank Interest rate. Do you know that 30 years of investment is also depend on the Fluctuation of Loan Interest Rate?? Properties get old and prices drop too depending on location and classes of people.

Im talking of Steady Asset you own. Means you pay it by CASH and you own it NEW and living without any fear of DEBTS and been CHEATED by the DEVELOPER.

BUDGET DAY must be FOCUS on stopping the RED TAPES and Rules that protect buyers from losses after owning the property or paying someone IMAGINATION that became a white elephant. How many of you have encounter the promises by the Developer in their projects later to find out that their property does not have VALUE as claimed.

Retirement fund if use to buy a wasted property is throwing into the rubbish bin .

If by all mean you think its worth buying, why not if you have a passive income elsewhere. Let retirement fund in EPF buys you a better life in your afterlife like building a nicer cemetery on top the hillside facing the ocean. That i say is a good investment.

This post has been edited by hackwire: Sep 16 2007, 09:35 AM

well said . an eye opener but the question is ... how many people dares? The Risk is a stopper. Inadequate of investment knowledge can be a setback.

i think EPF is best use to start small business than buying a House that uses a lot of money . Again, buying a condo for investment is not a great decision. These days, rental rate is low , hidden cost is rising and cannot super cede the bank loan u take.

good location all snap up. If for investment, look for landed prop outside city and sometimes shoplots can be a lot better than condos due to higher turnover rate of tenant.

In the end, dare u takes risk.

Many EPF account holders will definetely not think twice anymore when buying new house. Everybody needs a ROOFtop but the Govt is helping them to invest in the nation economy by withdrawing its EPF . There are other means of Helping. Helping us to own a house can be in different form like creating an ECo-Friendly houses and cheaper labours without so many awarded contractors. How about DIY house ? Reduce land price so that we can puchase them to build an economic home.

They just don't want something different .

This post has been edited by hackwire: Sep 16 2007, 11:11 AM

i think its a good deal. at least the interest is lower than the bank given.

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Added on September 17, 2007, 9:19 pmgood advise. 9 out of 10 huh. scary.


This post has been edited by hackwire: Sep 17 2007, 09:19 PM