I came to know from a friend who live in Arkansas , US and he said the Single Storey house is less than RM 150K . Although its a remote area but you get to see a lot of wilderness and streams.

Would you buy your retirement home elsewhere if its cheaper than in Malaysia.

I discover that Most Developer in Malaysia had jack up the property price because of this. In the Development plan when they develop an area, they have to take into consideration(must be the Govt Regulated Special NEP LAw) to built low cost apartment or house to those special privilege retards . All these cost will later be absorb by the non bumiputera in the purchase of the new project. Even the cheapest property now is RM 200K to RM 300K in remote area. Even this remote area, the place you call home is so dirty and polluted with noise from socialy ill mat rempit and hooligans .

Try look around every new project and you will notice some of the new low cost apartment will be built. Even in Penang , the E&O properties in tanjung Tokong have a few block of low cost apartment and single storey landed houses locating near to the luxurios property in Penang. What an eye sore to see this people around when you turn into those Bungalows.

Lets discuss overseas properties which we can call Home Sweet Home when we retires.

This post has been edited by hackwire: Feb 12 2008, 10:44 PM

think if u buy houses SS bungalow in Kuching will cost u less than 100k, and you will also get plenty of wildernesss + streams. U r not comparing apple to apple if u compare Arkansas VS KL.

Property prices in Malaysia is expensive? Mebbe u r right (again, it really depends what country u use as the benchmark) but property prices in Bangkok, Delhi, Jakarta are way more expensive as compared to KL. Why do u think Koreans, Hongkies and many rich indon's are snapping up our million dollar condo's in KLCC without even blinking an eye?

hackwire,

If you are retiring, you do not have to live in the big city. You could get a single storey bungalow in rural Selangor for less than 100K. Ditto for Perak and so on...

Dreamer

alright maybe im comparing KL or PJ with arkansas.
But our kampung compare with their kampung is alot different .
its a develop township and very modern.

I just feel that we are paying so much for the malaysia property because of hidden cost unseen to the buyer like i said we also bear other cost like building low cost house for the privilege race.

If you've been to some of the more rural areas in the US you'll find them pretty much the same as our kampungs.

hackwire,

1) Who say that you MUST buy newly built house?? You could alway wait for recession to buy your retirement home.

2) I paid 82K for a 40 X 80 single storey bungalow in rural Selangor. That may be my retirement home.

Dreamer

Dreamer
are you forecasting a possible recession here?
Prices of materials & houses is creeping up right now, so, lets say recession may be in 2-3 years' time, property may be up by 10% already. By recession time, it may just drop by 5% , then eventually recover to current prices.
Won't you think it is cheaper to get now?

The idea is to wait for ppl who are in financial trouble due to the recession and then snap up property at far cheaper prices.
An ex-neighbor of mine got a multi-million bungalow lot around the 1Utama area for about 75% of the market price because the owner needed cash fast.

You do have do understand that if you havent reach retirement age and is still taxable, the US government will take 40% of your total earnings to fund the US military.

This i know because a few malaysian friends of mine just came back from San Francisco.

Its not always a bed of roses.

This post has been edited by quiksilve: Feb 13 2008, 11:19 AM

quiksilve,

<<You do have do understand that if you havent reach retirement age and is still taxable, the US government will take 40% of your total earnings to fund the US military.
>>

So what?? What makes you think that you are NOT paying the same amount in Malaysia?? You are paying through income tax but receive no benefits. You pay EPF and hopefully the money is still there. Plus, you pay incredible amount of tax by buying a car.

<<This i know because a few malaysian friends of mine just came back from San Francisco.

Its not always a bed of roses.>>

It is NOT a bed of roses in Malaysia too. Let's see whether Malaysia can survive the next recession first.

Dreamer

Dude you have you or have you not experience the living in US first hand?If you do then good.If not then its risky.

If you agree with me the tax are quite similiar with malaysia, so whats the point you wanna invest in properties in US?

There are pros and cons of course for both country. You pay cheaper for a car in US but the cost of petrol is like crazy.
At least you dont get shot by a 9mm or any other firearm for walking down the walkway by someone you dont know.

In Arkansas you get a lot of red necks trying to find trouble with you.

This post has been edited by quiksilve: Feb 13 2008, 02:15 PM

my guess is US is nearer to recession than Malaysia now?

why do you think US petrol price is more expensive? it's not gov regulated but its not that expensive if you don't convert... if you do convert, you have to convert their average earning there... get the ratio, that will be fairer comparison...

if 40%, its similar to Aussie and frankly i'd rather pay taxes there than in Malaysia because Malaysians pay taxes and these taxes goes into someone's pocket/used to support some money losing company rather than investing back into developing the country...

here when you pay taxes, you also pay for somebody Three Storey bungalow such as the one in Klang.

I heard also that the former tourism minister has a huge mansion in Baling hidden in a virgin rubber estate farm.

kenji1903,

<<my guess is US is nearer to recession than Malaysia now? >>

IMHO, both USA and Malaysia is in recession now. Except it is NOT official yet. In Malaysia, the problem is hidden by stock market rally. But, you will see it clearly after General Election.

Dreamer

---

Added on February 14, 2008, 1:34 amhackwire,

To be precise, you only pay HALF. The other HALF come from OIL MONEY.

Dreamer

This post has been edited by dreamer101: Feb 14 2008, 01:34 AM

election is coming...start ur actions now then just talking crap
show the power of the people...vote obama..er..

You may have some truth TS, but that doesn't hide your biased towards the other races. Yea, Malaysia ain't perfect, so is the US of A. If you're griping of not getting the benefit of the income tax, then stop using the roads, the public transports, the schools and the product here. Fact is, you're just another ungrateful Malaysian who heard so much of the news abroad. I'm just glad that not everyone is like you here.

funnyTONE,

<<then stop using the roads, the public transports, the schools and the product here. ??>>

Wake up!! Who is ungrateful here??

1) Road is not free. You pay toll.

2) Public transport is not free either.

3) School?? After paying tax, you need to pay more for SRJK© school since 90+% of the funding come from private donation.

On the other hand,

1) Half of the population but only pay 20% of the tax as per TDM

2) 20% to 30% work for government or GLC aka funded by tax money and OIL MONEY

3) Collect majority of the scholarship

Now, who is ungrateful here?? Who is NOT paying but collecting MAJORITY of the benefit?? Who is calling who unpatriotic?

Thank goodness that it will be over soon enough.

Dreamer

eh guys, cool it off. We r discussing properties here, no need to turn this into racial argument.

Bottomline, life aint all rainbows and pony's. Its the same for any country. Live with it or move out to seek that ideal country. Tell us when u find it

The housing industry is modelled on the concept of cross-subsidy, which explains why the cost of housing appears to be extremely high relative to the average income of the population.

Rough rule of thumb when a piece of land goes into conversion for housing development approval is 50% of land bank will be left as saleable land , the rest been acquired for public amenities like roads, sewarage treatment plants, schools, places of worship, community halls, padangs,etc...

Then a certain percentage of total units built in the scheme has to be low-cost housing to be sold at govt controlled price , which in many areas are way below land + construction cost + infrastructure cost. In most states, it's 30 % - 40% of total units = low cost housing.

In addition to that, 30%-40% of all non-low cost units are to be reserved as bumi lots to be sold at a discount. In Johor the discount is 15% of whatever market selling price of the non-bumi lots.

All of the above are to be cross- subsidised by buyers of the balance of the non low cost, non bumiputra units in the housing development.

This post has been edited by ??!!: Feb 20 2008, 02:40 AM