I do not think currency appreciation directly impacts the property investment within the Malaysian property market. It helps businesses with loans in US$ too because then repayment will be easier. A strong currency also provides a positive sentiment and I think that’s very much needed in a slow property market. Perhaps too many media outlets … Read moreRinggit to strengthen further in 2019. Good news yeah?
When the world’s largest economy sneezes, many countries may catch a cold. Wall Street ended last week on a very bad note. It was the worst performance since late 2008. (That was when the sub-prime crisis happened, remember? When the banks lendings and speculative activities got too ‘crazy.’ All these are contributing to the worst … Read moreWorst week ever within past decade. Is this a sign?
A good friend told me that he just bought 10,000 units of a dividend stock 2 weeks ago. I think this is the right way to go. If we are still looking at the stock market for quick wins, it may also be a quick loss too. Then, this news appeared today: US faces biggest … Read moreBiggest stock decline in 87 years is definitely a shock
I agree with Finance Minister Lim Guan Eng fully on this one.Article in TheStar here. American investment bank Goldman Sachs should return the US$588mil (RM2.4bil) in it was paid for 1MDB-related matters. This RM2.4 billion fee was for the raising of bonds totalling US$6.5 billion (RM23.29 billion) 1MDB back in 2012 and 2013. He said, “They must pay … Read moreExtra RM2.4 billion for affordable home, good news? (Only if…)
When stocks are overvalued, stop buying them as if we are in a ‘never ending’ best-seller movie. When properties are overpriced, stop buying as if they are an asset. An asset is also defined as “an item of property owned by a person or company, regarded as having value and available to meet debts, commitments, … Read moreIMF’s warnings: ‘risk of a sharp tightening of financial conditions’
It’s not a prediction for Malaysia but then again, if it does happen to the largest economy in the world, it will affect us yeah. It’s only by how much. Article in TheStar here. Another recession is looming. The article says that the reasons for this prediction is because the high level of asset prices today already … Read moreIt’s coming… next recession. (not us but then again will affect us)
We want to sell our home today and we engage a real estate negotiator (REN). He advised us the current market price based on some recent transactions. Here’s a place for us to check recent transactions; Brickz.my After the advertisement is up for a few days, our REN tells us a potential buyer called and … Read moreEven the richest are not immune to a slowing property market
I am just referring to a news article in CNBC.com Hopefully they did not publish some fake news. One American President aspirant says that if he is elected, Americans will get US$1,000 per month. Nope, not once per year. It’s every month and I think the period would be as long as he is the … Read moreVote me and get US$1,000 per month. WOW.
Remember subprime-mortgage crisis in 2008? In brief, the banks were lending to borrowers who SHOULD NOT have gotten the loan in the first place. Then, everything collapsed when the borrowers really could not pay. This is the reason why I would not want the banks to lower their lending standards here in Malaysia. Buyers just … Read moreWhen borrowers need not even qualify for it, better be fearful!
The war has not yet started but the warnings are already there. It’s not just the wine and the planes from the U.S. that may be affected. It has now been reported in media that the returning ‘slap’ from China for U.S. companies would include citrus (orange and lemons) and even pork produced in the U.S. … Read moreThe ongoing saga of a ‘brainless trade war?’