yea i strongly agree with it. This bubble is much bigger or in the sense, much worse, because too many players (homeowners) involved. Robert Kiyosaki teach too many people to do it. American just like us, see properties( houses) are the strongest investment., and it's a sure win investment.
will not depreciate in value. This subprime mortgage doesnt happen in Malaysia just because bank play safer (30% of your salary repayment) than those banks in america ( more than 100% value of your properties) . when the BLR in america rise a bit, no one able to afford to payback , then people lose confidence on property investment, no one buys = drop in property value. when you house price drop = you have to pay back.
when people unable to pay back bank..bank burst. government bails. even loweing the interest rate is no use anymore. because people already lose confidence.
This is same like the dot-coms bubble. But with more player, more money involves and therefore bigger hole ...

5K deposit to loan RM150k .....i dont think you are able to.
if few years ago and you're american ...lend you RM170k ....cos your properties will appriciate in value...lol

the story different now

buy and rent . use rental to pay off mortgage.
I didnt say it does not works.
many people follow. but kinda blindly and didnt think of consequences behind the risk. more to american, whom many treat it as "get rich quick scheme".

Yes, people have choices,they can choose not to buy and rent, not to flip, stay with the current job , save and die. They been told they can do other things, to have easier money. What choices will they make? Choose to follow the trend or not?

if you treat it as a business.. it involves a lot of effort and time. and many problem, tenant problem main concern.

yes, leverage . still it involves risk. And i'm not telling you guys not to do it. you can , but think a bit long term. you able to get loan, tenant, rental. that is short term. think 5 years , 10 years 20years.
every decades, is an economic cycle...will you still be with your job? or do you have a huge pile of money backup all your mortgage?
dont need rocket scientist to help you thinking... common sense involve.

be4 this downturn, credit crunch, everyone ( i dont deny myself) think is a sure win, until this crisis happens.
just like the history, goldrush, dotcom, now the property.

it involves risk and rewards. know your risk and situation.
i dont against it, cos my parent does the same, in a safely manner. I am going to do the same as well.

i quite rarely see 1 room or 2 rooms houses/apartments...
either studios or 3 bedrooms ...