Lowyat.NET: Latest topics by CoolStoryWriter

Houses in KL is severely unaffordable

CoolStoryWriter — Tue, 28 Feb 2023 12:36:55 +0800

Malaysia's average house prices are more than 4 times the median income of its population, making them "seriously unaffordable", research by Khazanah Research Institute (KRI) has revealed.

Kuala Lumpur has especially been branded as "severely unaffordable" with house prices 5.4 times higher than the median income in the capital city. The maximum median range for housing prices compared to median income should not be more than 3 times the median income.

But only one state in Malaysia fits the maximum median range: Malacca, where housing prices are 3 times higher than the median range.

The rest are rated between "moderately" and "severely" unaffordable.

Terengganu is the most severely unaffordable of all the states, with median multiple affordability standing at 5.5.

In Kuala Lumpur, the median house price is now RM490,000 per unit, almost double the median house price ranges in all other states.

Penang was also rated as severely unaffordable while Selangor, Malaysia's wealthiest state, has a median house price of RM300,000, putting it at the moderately unaffordable level.

CORRECT INCOME AND HOUSE PRICE ACCORDING TO KRI:

Household income RM5,000/month = RM180,000
RM8,000/month = RM288,000
RM10,000/month = RM360,000
RM15,000/month = RM540,000
RM20,000/month = RM720,000

Reference: http://www.themalaysianinsider.com/malaysi...azanah-research

Samsung S23 vs Galaxy Flip 4 vs Iphone 13

CoolStoryWriter — Mon, 27 Feb 2023 12:00:48 +0800

First of all I like iphone mute button but it doesnt have PIP, meaning i cant multitask while video calling unlike android phones. Thats the only drawback since i video call alot. And i decide to go for iphone 13 because is so much cheaper than 14 and not much different.

I like the flip 4, is special and cool since u can flip but inferior to both iphone 13 and S23. And plus Flip 5 is coming out in August this year with more cover screen at the front and better hinge design.

The S23 is the best spec wise but the most expensive.

Just realised no point discussing anything here

CoolStoryWriter — Sun, 26 Feb 2023 15:53:53 +0800

I just realised something. Most of forum lowyat members like 90% are urban people. Have stable internet and good understanding of english. Most likely educated and earn above RM3k. The pattern in which they vote also similar, mostly likely PH, then BN.

A PAS kelantan voter wont surf forum lowyat kopitiam section most likely, or hardcore islamists and nationalists. They dont understand english and whatever u talk about. So whatever improvements or policies or thought provoking things u talk about cant enter their brain. U think the PAS cosplay last week, how many of them are ktards?

So the net effect of discussing most things in kopitiam are nothing. Cant change anything because target audience all live in the same bubble.

Is there a way to reach out to these people?

If one day China offer citizenship to you how?

CoolStoryWriter — Sat, 25 Feb 2023 19:44:42 +0800

Only Chinese vote pls. I get it in the 1900s China is nothing and a failed dynasty. So many people left.

But 2023 China is rising and becoming more powerful and prosperous already. And China is ageing. They want more young people to work in China.

So they offer citizenship to all Chinese race worldwide to unite under one party, the CCP to defeat the West. But condition is you must surrender your current citizenship and if caught will be hanged. Also they will re-educate you and force CCP propaganda into your brain for 1 year and learn Chinese culture so you can reassimilate into China

What u do?

Is been around 3 months since PH became Govt...

Thu, 01 Jan 1970 07:30:00 +0800

WTF apparently only 150k T20 in Malaysia...

CoolStoryWriter — Fri, 24 Feb 2023 19:09:41 +0800

Officially based on govt, less than 150,000 income taxpayers earn more than RM100,000 annually, or 9k a month, basically T20 and above.

Wtf so less in T20? Tipu ni or they dont pay tax at all so no record

UPDATE: OK I I THINK I WAS WRONG IT MEANT LESS THAN 150K FROM THE T20 WILL BE AFFECTED.

After thinking long, if you M40 dont breed

CoolStoryWriter — Fri, 24 Feb 2023 15:04:53 +0800

Is just not worth it. I think about this for long before pancut dalam. I spent months coming out with pros and cons, ROI analysis, situational analysis of having children.

My partner hates me but i dont care need to stay rational not emotional.

I realised after months of thinking, that having children is not worth it for M40 people. And M40 in Klang Valley means those earning RM10k - RM20k household.

Some points:
- You dont want your children to support you when you retire. You dont have enough to retire. RM3million minimum to retire.
- Your children will be born in a very polarised country, Malaysia. Malaysia is not exactly a good place to grow up. Alot of elements that can ruin his/her life
- Your children will face with high cost of living, and low quality compared to other country
- Your children suffers because of your selfishness to breed and start a family
- Even if you move and migrate out, your meagre RM denominated assets and cash and cash equivalents cannot help you with other stronger currency countries. You basically suffer, and your children need to start from nothing also and they might be charsiew
- Your children might be charsiew. Imagine working to the bone for 40 years and your children become lapsap gam sniffer
- Why subject your children to some cog in a machine? If you have no business, no inheritance for them, why create them just to suffer? They will probably hate their life working 9 to 5 jobs just to live and sustain older people to some corporations. The cycle will not end. Is up to you to end it.

A pack of condoms cost only RM20, a child costs RM500k minimum from age 0 to 18.

I think Malaysia is on the right track

CoolStoryWriter — Fri, 24 Feb 2023 12:05:05 +0800

Ive visited many countries and can safely say Malaysia is going on the right direction.

Kudos. Cant imagine a land of immigrants and bumiputera fucked over by the british and her majesty can one day standing in the eyes of world.

Founded in 1957, Malaysia is a medium sized company with positive cash flow and net assets, specialising in electrics and electronics. But recently been trying to diversified into high skilled labour like Singapore, a small family business but very successful in the region.

I wonder what those legend ktards are doing?

CoolStoryWriter — Thu, 23 Feb 2023 16:51:19 +0800

During my time the femes are like dinox, sadsouls, judehow, neerlee, heckline, maymay, malayneum, johnkor, polaris, kampung2005, hexism, etc.

All macam not active anymore. Sad. I wonder where they r now? Some got children dy no time for forum lowyat, some died i heard, some banned, some become old and moved on...

Come share who you miss from 2010s?

Have you ever bribe or corruption before?

CoolStoryWriter — Thu, 23 Feb 2023 15:15:35 +0800

Be honest. Police stopped u. Either u give RM50 or saman RM300. What u choose?

Money can settle most things. True or not?

Best robo adviser in 2023?

CoolStoryWriter — Wed, 22 Feb 2023 21:57:29 +0800

I used stashaway from 2019 to 2022. Switched to KDI. Currently my growth portfolio on KDI invest is negative almost 1 year

Should I switch? Which robo adviser consistently outperform benchmarks?

HOLY SHIT NEW GOD CAR LOOKS NICE

CoolStoryWriter — Wed, 22 Feb 2023 20:32:25 +0800

[youtube]HR4ELY1Xm3w[/youtube]

Do you feel like a woman trapped in mans body?

CoolStoryWriter — Wed, 22 Feb 2023 19:34:53 +0800

I feel weird sometimes like i am a woman. I got the urge to look beautiful. Like when i pass by sephora or victoria secret i got urge to try makeup on my lips and face and wear lingerie.

I look at female models and magazines to get inspired by women clothing.

I dont feel good having a dick sometimes. I feel like a girl trapped in mans body. How can this happen to me.

I may become a ladyboy

I regret buying property, but here are my lessons

CoolStoryWriter — Wed, 22 Feb 2023 17:45:15 +0800

Main concern is landed or high rise. I think need look at situation, many factors other than type of property. But general rule of thumb, if you young like 20s can buy high rise. BUT buy high rise that is in the city, and near shopping malls, lrt/mrt, schools, and mature neighborhood. That is the only competitive edge high rise has over landed.

Buy landed if you confident you will stay and die in the landed house forever, becauee first is harder to rent out landed and second is harder to sell. Your property might appreciate to 1 million but no buyer, so appreciate also no use. And life is long. You never know maybe you relocate overseas or outstation. So need holding power of your property.

Then affordability. Of course monthly not more more than 30% of net income or household income. Need factor in maintenance fee, furnitures, utilities, and other bills.

Rent or buy - Rent if you single and really no money to buy a unit. And rent as cheap as possible. The goal is to rent and save money to eventually buy a unit. Houses getting smaller and more expensive. The trend is towards those developed cities like tokyo, shanghai, hongkong, new york, london. Small size and more expensive psqft. Dont regret later down the road 500sqft apartment in KL costs RM800k. And your salary cannot grow on par with house prices and appreciation.

Which project? Checklist ideally is publicly listed developer (sunway, Glomac, etc.) And have many years experience in property with good portfolio. Also do a thorough study of the project. Developer and agent wont tell you bad things about the project. You need to search for yourself. Also developer promise might not happen. Developer say will build this build that but in the end nothing. Many cases. So take developer promise and masterplan as extra, dont too high hope.

SHOPEE now provides Personal Loan service.

CoolStoryWriter — Tue, 21 Feb 2023 13:34:06 +0800

Is harder to be rich these days

CoolStoryWriter — Tue, 21 Feb 2023 13:25:26 +0800

The best time to get rich was before 1990s. If your parents or grandparents got successful businesses or lands or lots of properties before the 90s, you confirm rich and can enjoy inheritance.

In 2023 is very hard oledi, got internet, people getting smarter, everything got high entry barrier. Kuli kena squeezed. Houses getting smaller. Startup capital become expensive. Property no longer can flip, oversupply of condos.

Last time if you professionals like doctor, accountant, lawyer, can live very wealthy. Now you only stay in condo and drive normal b segment or c segment car. No different from average kuli.

Last time got degree means successful. Now 8 out of 10 people got degree.

And then saving and investing also hard. The goal post keeps moving and shrinking. 1 million is consider average in 2050.

Life getting tough in Malaysia, and in the world.

How can Malaysia beat Singapore? JENG JENG JENG

CoolStoryWriter — Tue, 21 Feb 2023 10:28:34 +0800

Asked ChatGPT: How can Malaysia surpass Singapore economically?

Answers:

Here are several ways Malaysia can improve its economic performance and potentially surpass Singapore. Here are a few possible strategies:

Develop a Stronger Technological Infrastructure: Investing in research and development and creating a robust technology ecosystem can help Malaysia foster innovation and attract foreign investment. This could include offering incentives to tech startups, building technology parks, and investing in the education and training of a tech-savvy workforce.

Focus on Key Industries: Malaysia could concentrate on developing specific sectors, such as renewable energy, biotechnology, and information technology. This would allow the country to build a competitive advantage and attract investment in these areas.

Encourage Trade and Investment: Malaysia could work to attract foreign investment by offering incentives such as tax breaks or lower regulatory burdens. It could also work to improve trade relationships with other countries, especially within the ASEAN region, to expand export opportunities.

Invest in Infrastructure: Malaysia could invest in infrastructure to make it easier and more efficient for businesses to operate. This could include improvements in transportation, telecommunications, and energy.

Focus on Human Capital Development: Developing a skilled and educated workforce can help Malaysia attract investment and compete with other countries. This could include investments in education, training, and upskilling programs to provide Malaysians with the skills they need to compete in the global economy.

These are just a few strategies that Malaysia could pursue to improve its economic performance and potentially surpass Singapore.

WOW Did You Know? Our Founder is a Doctor.

CoolStoryWriter — Tue, 21 Feb 2023 10:22:51 +0800

Asked ChatGPT on who is Vijandren Ramadass.

ChatGPT:

Vijandren Ramadass, also known as Dr. V, is a prominent Malaysian technology journalist and commentator. He is best known for his work as the founder and editor of Lowyat.net, one of Malaysia's largest technology news and forum websites.

Dr. V started Lowyat.net in 2002 as a personal project, and it has since grown to become a leading source of information and discussion on technology-related topics in Malaysia. The website includes news articles, reviews, and forums for discussion and community engagement.

In addition to his work at Lowyat.net, Dr. V is a respected voice in the Malaysian technology community and has frequently been invited to speak at conferences and events. He is also known for his expertise on cybersecurity issues, and has provided commentary on a range of topics related to technology and society in Malaysia and beyond.

Overall, Dr. V is widely regarded as a key figure in the development of Malaysia's technology and online community, and has made significant contributions to the growth and success of Lowyat.net and the wider tech industry in Malaysia.

[@se7en]

Why Did Singapore leave Malaysia? Real Answer

CoolStoryWriter — Tue, 21 Feb 2023 10:17:35 +0800

Asked ChatGPT. The truth:

Question: Why did Singapore leave Malaysia?

ChatGPT:

Singapore was a part of Malaysia for a brief period of time from 1963 to 1965. However, the merger between Singapore and Malaysia was short-lived and Singapore became an independent country on August 9, 1965. There were several reasons why this separation occurred:

Political Differences: The People's Action Party (PAP) in Singapore, led by Lee Kuan Yew, had a different political ideology and vision for the country compared to the ruling political parties in Malaysia. This led to tensions between the two sides, particularly over issues such as the role of the central government versus state governments.

Economic Differences: Singapore was more developed and had a stronger economy than the rest of Malaysia at the time. This led to some resentment among the other states in Malaysia, who felt that Singapore was getting an unfair advantage. There were also disagreements over economic policies, including trade and industrialization.

Racial and Cultural Differences: There were also cultural and racial tensions between the Malay-dominated government in Malaysia and the Chinese-majority population in Singapore. The government in Malaysia was concerned about the growing influence of Chinese culture and language in Singapore, and saw it as a threat to the country's stability.

In the end, these tensions proved too difficult to overcome and led to the separation of Singapore from Malaysia. While it was a painful process for both sides, Singapore went on to become a prosperous and successful country in its own right, while Malaysia continued to develop as an independent nation.

Your age and how much cash u need saved

CoolStoryWriter — Tue, 21 Feb 2023 00:21:10 +0800

Savings by age 30: the equivalent of your annual salary saved; if you earn $55,000 per year, by your 30th birthday you should have $55,000 saved
Savings by age 40: three times your annual income
Savings by age 50: six times your annual income
Savings by age 60: eight times your annual income

Did u achieve the above? Discuss.