Lowyat.NET: Latest topics by kianwei8

Room for Let

kianwei8 — Tue, 17 Mar 2015 01:29:47 +0800

Fully Furnished master room with private bathroom + A/c + Wall fan/ceiling fan + Queen size bed with 12" matress+ 6' Wardrobe + 2 nos Table + Window + 32" LED TV + DVD Player

Fascility Provided:
A) Living Hall
- Designer sofa
- 50" Full HD LED TV
- Blue Ray Player
- Astro ( Including Astro On Demand )with PVR recorder
- Unifi 20 MB

B) Dinning Hall
- 8' dinning Table with chair

C) Kitchen
- Fully Furnished Kitchen
- Refrigerator
- Microware
- Water dispenser
- Hood & Hop

D) Others
- WIFI (20MB Unifi)
- Water heater shower for All Bathroom
- Fully Auto Washing machine - 2 units
- Water Filter ( Out door and Indoor )
- Magnetic door with access card
- Smoke detech Alarm System

Weekly cleaning service provided at Comman Area
Monthly cleaning service provided inside the room

Please contact by email to kianwei8@gmail.com

*This is Guarded Gated Area

Only for Chinese student / working Adult

Australia’s housing bubble ready to burst

kianwei8 — Sat, 05 Jul 2014 21:08:36 +0800

Australia’s housing bubble ready to burst, US investment guru claims

House prices set to plummet by up to 50% as ‘demographic crisis’ and falling Chinese demand looms

If you are one of the many thousands of Australians at risk of being priced out of the property market, you had better wish that Harry Dent has got his sums right.

Dent, an American investment guru who uses demographics to forecast economic cycles, thinks the soaring housing market is ready to burst any day now, perhaps reducing values by as much as 50% in some places.

Dent, who was in Sydney this week to promote his book The Demographic Cliff, has a formidable record. He claims credit for predicting Japan’s deflationary decade and the US boom and bust of the past 20 years, and has now turned his numbers on Australia.

“I don’t see an upside in Australian real estate but there is a lot of downside. If you are going to own a house and live in it forever then perhaps it’s OK to buy a house, but speculative property – don’t do it.”

With housing valued at 10 times average incomes – the same level as California’s just before the subprime crash – Dent thinks Australia is heading for a fall which will be sparked by a sharp reversal of the current global economic recovery.

“I see a decline in the 30-50% range across Australia, although it may vary from city to city,” he says.

“The rule with bubbles is that they always go back to where the bubble started. So the US housing bubble started to grow in 2000 and now house prices have fallen back to that point – a 55% fall.”

He is supremely confident that it will also happen here.

“Most people buying houses are aged between 28 and 41. When they can’t afford to buy a modest house for 800k as in Sydney, for example, then demand falls and real estate falls.”

While the many Australians with large mortgages might view Dent’s forecasts with alarm, he insists a crash would benefit the economy.

“People should be praying that real estate will fall because it’s not good for living standards and it’s not good for the economy to have such high prices.’’

As a young consultant working for Bain & Company, Dent’s job was to study consumer spending patterns for his clients, mostly small- and medium-sized businesses.

He discovered that he could predict what he calls the “spending wave” according to people’s age. At that time the postwar baby boom generation were having children and reaching the peak of their lifetime spending – not just on mortgages, but nappies, food, school fees and all the other extras that come with raising children.

The problem comes as that large generation passes its spending peak – at 46 in the US and about 47 in Australia, the UK and other western countries – and starts planning for retirement. This is the crux of his pessimistic world view.

“For the first time in history, the generation following is smaller. I spotted this first with Japan in 1988-89 where their demographics were turning. Everyone thought the 90s would see Japan pass the US and become the biggest economy in the world, but it collapsed and has been in deflation ever since,” he explains.

“The same thing is now happening in the US and Europe, especially southern Europe. Everyone thinks that in the current crisis we are fighting a debt bubble but it’s not a temporary financial crisis, it’s a demographic crisis.

“Now I go to South Korea, for example, and say to them ‘you are Japan on a 22-year lag’. The Korean market peaked last year and will now decline.’’

Many economists believe that this kind of doom-mongering is misplaced and that China, with its centrally controlled economy and huge cash reserves of more than US$2t, can keep on growing and drag the world with it.

But Dent is in no doubt which side he is on.

“We’ve had bubbles throughout our time – oil, gold, stocks. But China is the biggest bubble in modern history. It’s 30% overbuilt in everything and has huge over-investment. The housing market is valued at 28 to 35 times income in the major cities. London, by way of contrast, is 15 times.

“For people who say the government can control it, I say that’s bad. It means a bigger bubble and a bigger burst.”

Again, he sees demographics as the key.

“China’s growth peaks in 2012 and plateaus by 2023. Then it’s off the cliff. They’re desperately trying to move people from rural areas to the cities to increase their spending power but they won’t have the workforce to grow because the population is not growing fast enough.

“There’s so much over-capacity it will burst: 24% of condos in China are vacant,” he says, with the kind of big-picture flourish that has put him in great demand on his Australian trip. He is due to speak at the Secure Your Future investment conference in Sydney this weekend.

Dent sees falling Chinese demand leaking out into the economies of countries dependent on selling their commodities to the superpower, starting a vicious circle in which demand then falls for Chinese manufactured goods and spreads back.

So, look out Australia, which has had a larger “echo boom”, as Dent calls it, than most. But he has an uncharacteristically optimistic view for Australia, which he thinks will do better than most thanks to its demographics – he sees the population reaching 36-38m by 2060, which is not as high as a recent government study found. Low government debt and mineral wealth will inevitably help the economy grow again in the next commodity cycle, he believes.

Then there is the wildcard of China’s ultrawealthy, more than half of whom now have investments overseas, according to a study by Bain & Company and quoted by Dent.

They are already recognised as having helped inflate house prices in Australia and Dent believes they are motivated by the prospect of collapse at home.

“The rich think that if it goes wrong, they’ll come after us. The rich Chinese want to move to London, New York, California, Sydney, educate their kids. But if the rich leave, where does that leave the property market in China?

“This is the wildcard, so it might keep prices up in Australia.

“But there will come a point when the Chinese government will not allow them to move so much money out. More are emigrating to get around the current limit of $50,000 a year but the government could get stricter and say ‘we can’t afford it, we’re going to stop you’.”

This conclusion offers some hope to those who want prices to fall and some to those who want to see their investments grow. Dent says he will apologise if he’s proved wrong, which he acknowledges could happen if central banks revert to their printing presses rather than slowing monetary stimulus as many are now doing.

“If we don’t see something starting to crack soon, a 20-30% fall in the stock market, for example, I’ll apologise. Governments will have pulled it off again and kicked the can down the road.

“It’s much easier being bullish than bearish.”

http://www.theguardian.com/business/2014/f...ble-ready-burst

Any workshop/ service centre to recommend

kianwei8 — Sun, 08 Jun 2014 21:27:42 +0800

Hello Everyone!

I think most of us have experience conned by Workshop/ Tyre Shop.

like Pewfy 'case by Topspxxx - https://forum.lowyat.net/topic/2307802/all

Please recommend your trusted Shop . Is time for us to boycott those 'Con' shop and reward the honest&reliable one

1. Shop Name
2. Location
3. Specialize in ( Tyre, Overhaul, Painting,Spare part etc)

Thank you

Master Room for Let

kianwei8 — Sat, 27 Apr 2013 19:39:31 +0800

Master Room for Let[U]

- Block B - Floor 8
- With air-Cond, Queen size bed,
- New freezer & washing machine
- Attached bathroom
- UNIFI 5MBs (Sharing)
- Available on 1st June 2013

For more detail, SMS -Ben 016-332 6515

Any Free PDB File reader

kianwei8 — Mon, 26 Nov 2012 01:10:23 +0800

hi all ,

Any Free PDB File reader
used ISilo before , after trial -period, cant use ady

thanks

AIA Anniversary Life

kianwei8 — Fri, 23 Nov 2012 10:59:14 +0800

To All, anyone brought/heard AIA Anniversary Life plan before?

http://www.aia.com.my/en/individuals/produ...rotection/life/

Any Opinion?

Top6 Agribusiness Corp

kianwei8 — Thu, 31 Mar 2011 17:03:17 +0800

Anyone work for Top6 Agribusiness Corp ?

Monsanto, DuPont, Dow chemical, Syngenta, BASF and Bayer

charge by Maxis for data usage at wireless place

kianwei8 — Mon, 21 Mar 2011 00:47:35 +0800

To all,are you faced or heard someone have similar situation...

When you use internet browser with handphone at free wireless place (confirm data service roaming was off )only wireless feature on

later charge by Maxis or other Network operator

rate abt : 1000KB for RM10
1024KB=1MB

My friend bill: 17610KB =RM176.10

whr hv sell Japan Natto?

kianwei8 — Tue, 01 Mar 2011 09:19:09 +0800

Hi All, Did you know where have sell Natto?

Natto is a Japanese original and traditional food. Natto is a fermented food made of soybeans and is rich in vegetable protein

Nokie E5 RM830?

kianwei8 — Wed, 20 Oct 2010 23:46:29 +0800

Found this nokia E5 model with original hv quite differ price RM830 and RM899 both v memory
Expert ,how to u think?

work v Small company Or Big corp

kianwei8 — Wed, 27 May 2009 23:04:28 +0800

work v Small company Or Big corp

hv u ever face the such dilemma?

Small one learn more,work harder,pay lower,
Big one politic,more specific,pay more,easy get promote

Did you do Career Planning?

kianwei8 — Tue, 26 May 2009 17:12:19 +0800

What is Career Planning?

Career planning is a lifelong process, which includes choosing an occupation, getting a job, growing in our job, possibly changing careers, and eventually retiring.

Great Ppl like Steven Jobs@Bill Gates found them passion when young....then became Master

Planning= Success

Jackie Chan Special Edition Mitsu Evo IX

kianwei8 — Fri, 17 Apr 2009 16:15:47 +0800

only 50 available worldwide and 2 in Msia
and with FEDERAL RS-R!!! JACKIE Chan Sign on Tyre

[attachmentid=911670]
[attachmentid=911672]
[attachmentid=911675]
[attachmentid=911677]
[attachmentid=911678]
[attachmentid=911679]
[attachmentid=911680]

self -intro for salesman

kianwei8 — Mon, 09 Feb 2009 01:02:18 +0800

self-intro for salesman
maybe we may refer customer to each other, intro food&hotel at cover area to each other

start v me

job: wholesale tyre
cover area: selangor and pahang

No Passion At Work?

kianwei8 — Mon, 12 Jan 2009 00:11:54 +0800

No Passion At Work?

Do you see people at work who just seem to be going through the motions? They have no fire, no passion. They just show up, put in their time, and go home

are u faced same prob?sharing here

Semi slick tyre!

kianwei8 — Sat, 13 Dec 2008 11:05:54 +0800

Hello,,bro , who use semi-slick tyre be4? hehe,write u comment here

U may book with me also, hehe

Black Colour make inner car hot!?

kianwei8 — Mon, 03 Nov 2008 20:24:56 +0800

hello,Black colour really make inner car very hot? as Black was attract light,i think it only make little effect , how u view? Young as me like balck la, black=cool!

credit control?

kianwei8 — Wed, 22 Oct 2008 23:18:30 +0800

hi, anyone work as credit control be4? May describe work scope?calling or door to door?like ah long?
salary high? coz high risk job

studio for convo pic

kianwei8 — Thu, 16 Oct 2008 00:07:44 +0800

hello, fres
i will hv a graduation ceremony on this sunday,UPM,serdang, i live at usj, pls intro me nice studio, if u know it

Tesco

kianwei8 — Sat, 28 Jun 2008 23:05:01 +0800

anyone work for Tesco be4?sharing