Oct 11 2008, 02:23 PM
QUOTE(gkl83 @ Oct 11 2008, 11:31 AM)
if economy recessions hiked, everything will be less demand and material price increased... by common sense new property price wont drop... the common issues during recession is on the Bank Negara Malaysia side... the BNM's BLR will increase (current 6.75%) for sure, maybe 8%++ later? and for sure bank wont offer fixed interest rate even again for now... overall only the bank interest will killing you but bank still will reduce the little of interest rate for u during recession, if unlucky that ur company going to fire some staffs to cut cost, u will having big problem that jobless but need to pay house installment...
actually if u wanna to buy a new house, the best may early of this year before petrol hike... quite a lot of house price increased because of petrol, transportation and material... but if u dont mind for old houses, u can get it quite easily during economy recession bcos some investors may loss money that time and selling their house to cover their loss...
Above really a puzzling statement. actually if u wanna to buy a new house, the best may early of this year before petrol hike... quite a lot of house price increased because of petrol, transportation and material... but if u dont mind for old houses, u can get it quite easily during economy recession bcos some investors may loss money that time and selling their house to cover their loss...
If economy will go into recession, demand will less, with less demand how can materials price being increased? It doesn't make sense.
When economy is heading into recession, the only way of interest rate is heading is down, BLR will be reduced as BNM or central banks will reduce the interest rate to spur the economy (that's what happening now globally especially in US).
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