Tuesday, November 15, 2011
My New Toy
I got my driving license since 17 and I've been driving for more than a decade but yet yesterday I realise that I don't really know how to drive. For those that know me, I'm getting a new toy for myself and it's a really a scary toy. I need to learn all over again, talk about taming the beast, so right.
Thursday, November 3, 2011
Malaysia Property Market Crisis
With the gloomy world economic outlook all around, everyone is in doubt on what's going to happen in future. As global economic crisis affects everyone, including myself, I studied and found some information to share.
US Financial Crisis Explained
Spanish Housing Bubbles
Global Financial Crisis Explained
The information is all around the internet and everyone is still repeating the same mistake. The way I look at it, Malaysia is also very close to what's happening in the world. With the salary level frozen, housing price increase exponentially and inflation is everywhere. Money is getting more and more worthless everyday and people are not happy. Fast cash manipulation from the market is not sustainable, and will eventually lead to collapse.
With the housing price increasing in such a manner, everyone thought it's a gold mine and invested in it hoping for a good flip, similar phenomenal like stocks crisis in 1997 when even roadside beggar also invested in stocks. But salary didn't increase, where the money come from? Of course the bank, and to qualify for a house loan with a small salary, the bank decrease the lending rate to BLR-2.4% to attract home buyer / investor and allow 40 years mortgage! When in history it happened before?
If everyone is genuine home buyer then it should be sustainable, but investor intended to flip is the majority. They borrow beyond their limit gambling to flip the property. Been successful so far, so they follow same strategy and buy with eyes closed. When the bank reached their limit and stop borrowing, the demand for housing will decrease as no one is buying anymore, the housing price stagnant or maybe decrease. Investor couldn't sell the property nor afford the loan, so they burnt and default the loan by declaring bankcrupt. Bank tighten up the criterias and chain reaction will bring down the entire property market. Property market collapse will eventually bring down the entire economy as people and bank have no money. It will lead to economy crisis and fall into recession.
I only wish people will come to their senses and earn money the traditional way. Earn an honest salary and be an investor, not gambler. If want to be gambler betting on property, might as well go bet in casino. Faster results. Wish luck.
US Financial Crisis Explained
Spanish Housing Bubbles
Global Financial Crisis Explained
The information is all around the internet and everyone is still repeating the same mistake. The way I look at it, Malaysia is also very close to what's happening in the world. With the salary level frozen, housing price increase exponentially and inflation is everywhere. Money is getting more and more worthless everyday and people are not happy. Fast cash manipulation from the market is not sustainable, and will eventually lead to collapse.
With the housing price increasing in such a manner, everyone thought it's a gold mine and invested in it hoping for a good flip, similar phenomenal like stocks crisis in 1997 when even roadside beggar also invested in stocks. But salary didn't increase, where the money come from? Of course the bank, and to qualify for a house loan with a small salary, the bank decrease the lending rate to BLR-2.4% to attract home buyer / investor and allow 40 years mortgage! When in history it happened before?
If everyone is genuine home buyer then it should be sustainable, but investor intended to flip is the majority. They borrow beyond their limit gambling to flip the property. Been successful so far, so they follow same strategy and buy with eyes closed. When the bank reached their limit and stop borrowing, the demand for housing will decrease as no one is buying anymore, the housing price stagnant or maybe decrease. Investor couldn't sell the property nor afford the loan, so they burnt and default the loan by declaring bankcrupt. Bank tighten up the criterias and chain reaction will bring down the entire property market. Property market collapse will eventually bring down the entire economy as people and bank have no money. It will lead to economy crisis and fall into recession.
I only wish people will come to their senses and earn money the traditional way. Earn an honest salary and be an investor, not gambler. If want to be gambler betting on property, might as well go bet in casino. Faster results. Wish luck.
Tuesday, November 1, 2011
Goldview Hakka Food Restaurant @ Taman Paramount
Trying hard to push all my overdue food blog out so that it's share with all of you =) sorry.
This time let's go to the Taman Paramount for some really good hakka food. As the name suggest, Goldview Hakka Food Restaurant, serving a true authentic hakka cuisine. It's a little misleading sometimes as this restaurant also serve dimsum in the morning. Hakka food only available in lunch and dinner time only. So don't be surprice to see them selling dimsum if you are there early.
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Entrance of the Goldview Hakka Food Restaurant. The chinese name indicated their specialty in hakka food and also spicy soup, which is one of the signature dish in hakka food for this restaurant.
Clean and nice interior with typical chinese practical decor for a good lunch or dining experience. The place is run by a couple and the wife is the lady in purple while husband is the main chef in the kitchen. I'm not sure if they are both hakka, but they are churning out good foods.
The signboard on the wall indicate all the famous hakka dish available in the restaurant and these are only the recommended dishes. There are also a full menu if you have something else in mind. Stick to the list and I'm sure it's very nice.
This time let's go to the Taman Paramount for some really good hakka food. As the name suggest, Goldview Hakka Food Restaurant, serving a true authentic hakka cuisine. It's a little misleading sometimes as this restaurant also serve dimsum in the morning. Hakka food only available in lunch and dinner time only. So don't be surprice to see them selling dimsum if you are there early.
\Entrance of the Goldview Hakka Food Restaurant. The chinese name indicated their specialty in hakka food and also spicy soup, which is one of the signature dish in hakka food for this restaurant.
Clean and nice interior with typical chinese practical decor for a good lunch or dining experience. The place is run by a couple and the wife is the lady in purple while husband is the main chef in the kitchen. I'm not sure if they are both hakka, but they are churning out good foods.
The signboard on the wall indicate all the famous hakka dish available in the restaurant and these are only the recommended dishes. There are also a full menu if you have something else in mind. Stick to the list and I'm sure it's very nice.
LYJ Restaurant, Poon Choi @ Sungai Buloh
My life is so busy nowadays with so many things coming up at the same time. It's a blessing to there are many things to look forward to everyday. Exhaustive but it's happy thing.
Today I'm going to post up a long due food post on a very special restaurant called LYJ Restaurant. LYJ a short form of the restaurant name in chinse, called Lee Yong Jee, I think. The owner of the place is Mr. Lee, so I think it must be a family bussinesss. It's located is the middle of the Sungai Buloh Industrial place and you will be surprise with what they can offer.
LYJ Restaurant got around 4-5 shop lots along the road and parking is very difficult. Just find a roadside slot and rest your car keeping finger cross hoping no one scratch it. No choice, there is no alternative.
The interior of the restaurant, a very chinese style decorated place and the Tang Lung is there because I went there on Chinese New Year. Yes, this post is almost 8 months delayed. Sorry, but I can assure you it's worth the wait.
A good friend of mine actually a big fan of this restaurant and since it's a Chinese New Year celebration, he suggested to eat in this restaurant, ordering the signature dish that's award winning. I raised both hands to support his suggestion immediately! Let's see.
Today I'm going to post up a long due food post on a very special restaurant called LYJ Restaurant. LYJ a short form of the restaurant name in chinse, called Lee Yong Jee, I think. The owner of the place is Mr. Lee, so I think it must be a family bussinesss. It's located is the middle of the Sungai Buloh Industrial place and you will be surprise with what they can offer.
LYJ Restaurant got around 4-5 shop lots along the road and parking is very difficult. Just find a roadside slot and rest your car keeping finger cross hoping no one scratch it. No choice, there is no alternative.
The interior of the restaurant, a very chinese style decorated place and the Tang Lung is there because I went there on Chinese New Year. Yes, this post is almost 8 months delayed. Sorry, but I can assure you it's worth the wait.
A good friend of mine actually a big fan of this restaurant and since it's a Chinese New Year celebration, he suggested to eat in this restaurant, ordering the signature dish that's award winning. I raised both hands to support his suggestion immediately! Let's see.
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