How should we judge a government?

In Malaysia, if you don't watch television or read newspapers, you are uninformed; but if you do, you are misinformed!

"If you're not careful, the newspapers will have you hating the people who are being oppressed, and loving the people who are doing the oppressing." - Malcolm X

Never argue with stupid people, they will drag you down to their level and then beat you with experience - Mark Twain

Why we should be against censorship in a court of law: Publicity is the very soul of justice … it keeps the judge himself, while trying, under trial. - Jeremy Bentham

"Our government is like a baby's alimentary canal, with a happy appetite at one end and no
responsibility at the other. " - Ronald Reagan

Government fed by the people

Government fed by the people

Career options

Career options
I suggest government... because nobody has ever been caught.

Corruption so prevalent it affects English language?

Corruption so prevalent it affects English language?
Corruption is so prevalent it affects English language?

When there's too much dirt...

When there's too much dirt...
We need better tools... to cover up mega corruptions.

Prevent bullying now!

Prevent bullying now!
If you're not going to speak up, how is the world supposed to know you exist? “Orang boleh pandai setinggi langit, tapi selama ia tidak menulis, ia akan hilang di dalam masyarakat dan dari sejarah.” - Ananta Prameodya Toer (Your intellect may soar to the sky but if you do not write, you will be lost from society and to history.)

Tuesday, October 18, 2011

Times are bad?

While the rest of the people in Malaysia are feeling the effects of an economic slowdown, there are some who have made big bucks (by middle income standard) from property speculation.

In the rural areas, smallholdings have increased in land prices from say Rm30,000 an acre to over Rm100,000, depending on location. For example, land owners in Sitiawan areas who sold their much appreciated land at over Rm200,000 per acre would find prices in Pusing cheap. The demand from the mainly Fook Chou buyers had caused the prices to increase, leaving local potential buyers lamenting that they could never afford to buy at such prices. Like any market in an uptrend, those who sold much earlier regretted while those who bought from them are sitting on potential gains.

The house prices in KL and its surrounding Klang valley areas have risen much despite depressed property markets in the West. While some are expecting the bubble to burst, others are still enjoying the gains from speculation. For example, a buyer in Putra Heights paid 10% downpayment for a Rm450,000 house has seen the price risen to over Rm700,000 nearing completion.. But this is like a 'catch 22' situation in which the owner cannot sell to realise the gain without having to pay a similar amount for a similar house in or near the locality! It would have been ideal for someone, especially a would be retiree, to sell in the process of downsizing or to move to a smaller town for retirement.

The rising property prices for the past few years had created an unhealthy demand from speculators. Having seen how some could easily make six-figure gains from a mere 10% down payment, many new entrants have joined the game. The Build Then Sell concept is actually helping to fuel speculation. Imagine not having to pay for progress payments like before, for 2 years, after which any appreciation in price is like a windfall should he cash out.

To prevent speculation, there is a proposal to increase RPGT from 5% to 10%, if sold within 2 years of purchase. This is not a deterrent when the gain is into six figures. The working class is now faced with house prices which are beyond their reach. The speculators are still laughing all the way to the bank, unless and until policy makers decide to put a credit or other squeeze on them.

I think our houses and apartments are considered too generous in size when compared to those in the developed countries in the West. One way to help first-time buyers is to build smaller apartments, like studios or one-room apartments in expensive KL, and slightly bigger ones, even houses, in the outskirts but near railway or LRT stations, for easy commuting to work. In fact, where land is cheap, planning for cheaper houses and public transport should be coordinated. As a retiree, my idea of a livable house is just one room, a kitchenette, a small sitting area, toilet and shower. I am sure first-time buyers can live in such conditions until they are able to upgrade.
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