@Pai,
I don't know if MY is going into recession but we're definitely going into 'worse' times.

Also, dreamer101 is right. USA is oredi suffering from recession, not just an economic slowdown.

Bloomberg.com: U.S. Economy: Growth Rate Falls Short of Forecasts

@muscaa,
Anything on paper can be 'dressed up' be it MY, Korea, SG or US

Besides what's the big deal? [oK oK i'm just being smart alec here!] Japan's been through an entire decade of recession before

@muscaa,
At d v least U still qualify for pocket $, I don't! And I haf to fill other people's pockets before I can even fill mine *siGh*

@shadowz,
AhH..... loads of cash at hand huh?

@noproblems,
Er.. I don't see the link between the article & this discussion? *scratch head*

@noproblem,
Ah...I see. However, I find it 'weird' that a PR Manager isn't able to finance a RM400 car loan; seriously!

@ed1torz,
I don't think it's possible.

@shawdowz,
I don't know what U haf found out about dual currency investment; or assuming U intend to just put $ in those countries; but for Australia taxes are rather high.

@tianbian,
I thought RPGT of 5% is confirmed to be applicable only for properties sold within a 5 year period. Any properties bought and sold out of the 5 year period is exempted from the RPGT?

Also, my take is that in the last 2 years, the property market has indeed slowed down but this cycle of economic downturn has not seen property prices dipping [unlike the last cycle]. My POV is that the property market will start flourishing and prices will not drop.

@epalbee3,
I doubt there's going to be a dip in property prices; seriously.

@kochin,
I do agree with you cost of living in MY is exorbitantly high. Don't even need to look far; just take Singapore as a comparison.

I don't even foresee property prices to drop; anyhow my family just bought into several properties so am keeping fingers crossed we'll make $ from the investments

@philipsenderos,
I don't believe we'll ever be in the same crisis the USA was/is in. Also, as much as I personally feel prices of properties are skyrocketing too fast, I really don't think it'll be slowing down soon; maybe in the next 3-5 years but even then people today seem to be more conscious and may have sufficient $ to hold on to their properties should there be a dip in the market.

@eugene jk,
Act, U have a point - maybe we should just merge this thread with that...

TS,
What'd U think?