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.)

Monday, September 05, 2016

Chang Kim Loong: Affordable housing: How to own it?


'HBA has consistently called for government intervention to prevent a “homeless generation of young adult Malaysians” from emerging, especially in urban and sub-urban areas, who, if not for wild speculation, would have been able to buy their own houses.
In the Government’s drive for home ownership, low stamp duties have been imposed to encourage first-time house buyers. But speculators have taken advantage of this to accumulate multiple properties and manipulate prices with housing developers.
There are three types of purchasers, namely:
• Necessity: Those who buy out of need (owner-occupied),
• Precautionary: Those who buy to hedge against inflation and for long-term investment, and
• Speculative: Those who buy to “flip” and make money against everyone’s interest except their own.
The less affluent, who constitute the majority of the population, have been marginalised, with those having more than others accumulating property far in excess of what they need.'
HBA says: We want our children to inherit our houses, not our housing loans
It’s naivety to accept the developers’ arguments to re-introduce the DIBS gimmick. It should be noted that Bank Negara had prohibited “any form of interest capitalisation scheme”.
The economic downturn is seen as a fresh opportunity for DIBS to be reconsidered and mooted by none other than Rehda, the trade organisation that represents developers. This time around, it says it’s only for “first time house buyers”
DIBS or any other permutation similarly “schemed” cannot be allowed to continue for the betterment of the housing industry as it risks creating a property bubble as property prices have been artificially increased and they create a snowball effect. This is especially so when the young, unwary and first time house buyers come on stream. They need more protection compared with seasoned players.
DIBS prohibition announced in Budget 2014 had been effective in curbing the unbridled escalation of house prices. DIBS must continue to be prohibited and outlawed and should not be re-instated in any form or substance.
Pay nothing to own a house?
DIBS is popular with speculators as they pay nothing to make a profit. The argument that purchasers don’t have to pay for anything during construction is specious: attractive to the naive buyers.
The expenses, in any form, incurred by the developer will eventually have to be paid back, by the purchaser with a “premium”. The increased amount ranging from 10% to 20% and some even as high as 25%, will have to be paid by purchasers in exorbitant instalments.'

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