Is the crisis hitting us soon?

Don't you think it's almost impossible to buy a property under Rm250k, limited on under RM400k? How much is a person under the age of 30 earning? RM5 to RM10k? It's ridiculous on the salary vs prop price.

So many high value projects, especially on the recent launches, were fully snapped up. I wonder they can pay it. I know the power of leveraging kicks in, but it doesn't make sense seeing current development. Alot of MNCs coming in M'sia to spike the RE prices? No, i dun think so...

And those easy entry scheme, like the most recent some project in ara damansara, selling houses basically just bangin on lrt station, providing 10% discount but the price jack up like so high, half a million to buy a condo? developer didnt even get the license to advertise yet but the sales are crazy. just pay RM3k...sounds good but scary....especially youngster just buy it without much due diligence...

It reli worries me!

Sigh...somehow i feel that most of u all trying to console urself...maybe u guys are the ones who bought alot out there, and definitely wiser thing to do to prevent the fear or hide it instead...i'm quite certain most of the people who bought alot doens't have the ability to repay the loan, if and only if, all tenants are taken away...it's happening around me, people that i know, they are too clouded by "rich dad" book...anyway, it's jz disheartening to see poorer ppl needs to move out from urban area....Malaysia equal balance and affordability is slowly fading away...

I nv mentioned on comparing to oversea, coz i know u can't do that. Msia is still immensely far behind to those big cities....population wise is totaly not compatible...economic wise is extremely tiny what more to say on currency and spending power? speculation is undoubtedly small in msia if you are trying to analyse across regions but u jz can't comment on that as the macro environment is totaly different. I doubt people reli have the holding power, seriously.