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Investment Is it Good Time to Buy Property Now or later, Now or Later

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icemanfx
post Nov 6 2022, 08:40 AM

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QUOTE(Aldo-Kirosu @ Nov 6 2022, 08:27 AM)
I know increase opr is a tool to control inflation, but at Malaysia it's situation is very special. RM devalue further is not the issued ready care by majority of the citizen, but living cost is.

Example, a plate of chicken rice. Before MCO opr rate is 3.25 per pax is around Rm6

During MCO it rise to Rm 6.5, during the time opr rate is 1.75

and post MCO it rise to Rm 7, opr increase at 2.75

Why this happen? Refer to cooking oil price and raw chicken price. Because government setting the maximum price and reduce the chicken farm subsidies. So the chicken farm have a small period have shortage issues. Then government start to restrict export chicken to Singapore. But the real issue is, if sell to Singapore the chicken farm can still get profile dur to currency but sell to local is rugi money.

Chicken rice, coffee, sugar etc is the thing Malaysian eat a lot, it ready affected Thier living. So from this situation you can see. The increasing of opr was increasing the people burden. And I believe chicken rice will never drop to below rm7 anymore. (For example scenario, I believe some seller want to do clarity or certain rural area still sell cheaper price).
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Chicken feed, sugar, coffee, fertilizer, etc, over half of food stuffs are imported. Devalued RM and rise in minimum wages has caused production cost to gone up. If selling price is not profitable, it is natural for producer to reduce production.

Bnm opr rate rise is to tame inflation rate and strengthening RM else inflation could be out of control. Continue RM devaluation will cause inflation rate to rise further e.g turkey, Pakistan, Sri Lanka, etc.

icemanfx
post Nov 6 2022, 08:44 AM

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QUOTE(tgeoklin @ Nov 6 2022, 08:31 AM)
Not ever gonna happen ........ in fact public sector employees will keep expanding until we become Sri Lanka #2 or #3 😵‍💫
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If majority of people didn't learn from the experience of the last 60 years then they deserve the outcome.
tgeoklin
post Nov 6 2022, 08:46 AM

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QUOTE(icemanfx @ Nov 6 2022, 08:44 AM)
If majority of people didn't learn from the experience of the last 60 years then they deserve the outcome.
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You need to fall before you get back up again ....... Karma is a bitch after all 🤷
icemanfx
post Nov 6 2022, 08:50 AM

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QUOTE(tgeoklin @ Nov 6 2022, 08:46 AM)
You need to fall before you get back up again ....... Karma is a bitch after all 🤷
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The harder the fall, the better the changes.
tgeoklin
post Nov 6 2022, 08:57 AM

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QUOTE(icemanfx @ Nov 6 2022, 08:50 AM)
The harder the fall, the better the changes.
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Changes may not be for the better ........ and will take double the time just to recover back to pre-fall, so good luck to those peons still around by then 😅🤞
Cavatzu
post Nov 6 2022, 09:33 AM

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QUOTE(icemanfx @ Nov 6 2022, 08:50 AM)
The harder the fall, the better the changes.
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It’s not about the quick crash fall. It’s the agony of being slowly suffocated for years like in a crowd crush before you lose all will to live. Wouldn’t wish it on my worst enemy.

This post has been edited by Cavatzu: Nov 6 2022, 09:37 AM
icemanfx
post Nov 6 2022, 10:55 AM

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QUOTE(Cavatzu @ Nov 6 2022, 09:33 AM)
It’s not about the quick crash fall. It’s the agony of being slowly suffocated for years like in a crowd crush before you lose all will to live. Wouldn’t wish it on my worst enemy.
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After afc 1997; gomen chose slow suffocating treatment. hence, the economy and market didn't recover until after 2010. as next gomen whoever may be, will lack political will to take drastic measure, will likely follow post afc 1997 policy.


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