Long term housing loan

Housing Loan

Photo courtesy:http://business.rediff.com

To own a home is everyone's dream. However buying or building a house may require you to take up a loan, if you aren't well off.

The Malaysian Housing and Local Government Minister, Datuk Chor Chee Heung urged house buyers to take up long-term housing loan which extends to second generation. And his point for suggesting, here

“If loan repayment is extended to the second generation, that means the family will remain intact,..” Background music "KUANG, KUANG, KUANG...JENG!

The Minister seemed to have found the solution to family breakups! Don't you think so? So if anyone is facing family problem please consider taking up this long-term loan

He also refuted “I don’t think it is a burden for the next generation because the repayment is spread over a long time,” adding that the younger generation is financially strong and can even afford to buy another house.  How does he KNOW that the younger generation will be financially strong?

Another smart alec, MBSB chief executive officer Datuk Ahmad Zaini Ithman said the idea of offering longer-term housing loans was to preserve the value of assets or investments. News source The Star. As far as I know the longer the term, the more interest you pay which inflates the repayment amount to almost 100% -150% of the original loan amount. So, as far as the house owner is concern the value of property is equal to the total loan amount paid. Imagine taking an inital loan of RM300,000 for up to 70 yerars of age and end up paying RM700,000. One can buy two houses for the amount repaid! How does the loan preserves the asset's value? It only eats into the appreciated value.

Long-term housing loans comes with high interest rate and long repayment period, not mentioning the HIDDEN CLAUSES to trap the naive house buyers. Ask any financial expert and they would suggest you to be debt free and repay your loans as soon as possible. How sure is the Minister that the children will repay their parents debt? In this era, where parents are neglected at old age how sure is he that the family will remain intact?. Then comes family feud of owning the house between siblings. So many possibilities.

All parents think of a better future for their children and not create burden for them. No doubt it is a house but it is not the child's responsibility to continue service the loan. I don't want my child to be a debtor, I want them to inherit a debt-free home.

Migrate to New Zealand.

Photo source:http://www.travelwizard.com/newzealand/

Have you ever wished for living a less stressful life? Wished for relaxed pace of life and ease of doing most official or government matters? Wished to feel safe and have a sense of freedom? Have you thought of migrating to New Zealand? If you are one of those people who are considering migrating to New Zealand then this site (click here) might provide you with legal matters.

Once in New Zealand, what are you going to do for a living? If you aren't rich to begin a business then you do need a job. If you are in search of employment, there are multiple opportunities in many different sectors of the economy. You can find job openings in agribusiness, tourism, manufacturing, professional sectors, service and hospitality, among others. New Zeland seeks the more skilled and qualified person and if you are one then more likely you will be able to find work. You can apply for residency under the Skilled Migrant Category (SMC). New Zealand believes that a skilled person could contribute to the economy.

Find out more information from here (click here) on how to make New Zealand as your home.

Disneyland vacation - cheap and affordable



Disney characters. Photo source courtesy of disneypicture.net

 Disney have made millions of children and adults around the world happy with their cartoon characters. Disneyland also have theme parks for fans to visit and enjoy themselves. It's a great place for families to spend their vacation.

While Disney World can be fun, it can be expensive too if you aren;t prudent with money.There are families who needlessly waste their money. Some would argue, it's for fun sake, but is it worth it to put a hole in the wallet?

Fortunately there is a way to have fun and you need not spend too much money too! Now isn't this great? These money saving tips while on Disney vacation are given by a Disney insider. Who can beat that?

If you are planning to go to Disneyland with your family, you should read these tips, Click here!. It could save you a lot of money. You can spend a fraction of what other families spend and still get the most fun. It would be better to get the advice from Disney Insider, click here!. Hope you enjoy yourself at Disneyland. Send my regards to Donal Duck!.

Employee's Act

The moment you attend a job interview in Malaysia, the first thing they shove at you is a 3 to 5 pages application form. You know what, most of the questions are redundant and boring and invades your privacy.

Questions like marital status, date of birth, race, religion, list of family members, your first sexual intercouse...bla, bla are absolutlely unnecessary. Why is so important to know a person's racial and religious background? How does it contribute to their work or company?

Read the article about questions which are against the law, during job interviews in the US. Are we any closer to them? We have employers who treat employees like slaves and expect them to work long hours. In fact if you are able to work 24x7x30 and without much demand, they are willing to employ you. That explains the influx of foreign labour.

Dress Up for Halloween

Are you confused about choosing what to wear on Halloween day? Do you want to attract others attention with your Halloween outfit?

Just head to Fancy Dress Outfitters. They have a wide range of selection in various categories such as Movie/Music/TV characters, sexy, children and themes ranging from medieval to modern. You can do online purchases. They accept credit card payments too. You can even contact their sales line to verify. Head over to Halloween Costumes to find out more.

Shelves for you

Have you ever stepped into a room to find the books piled on the table and against the wall. The only shelve you have is already packed and some books stuffed into carton boxes. Imagine when you need to refer a book and you can't seemed to find it. That's when your pressure builds up. Now with portable and flexible shelves you can arrange all the books neatdly, orderly and by categories. These shelves come in various sizes and are flexible. It is also dynamic and can be scaled up or down. It could be mounted on the wall too. It comes in various design and shapes. To find out more about these shelves, click here.

Bald Land Transport

The transportation system in the country is tangled in a web. What we need is someone to untangle the knots and provide a smooth flowing land transportation and reliable public commuting system. Well, Prime Minister Najib just fumbled by selecting Baldy Syed Hamid as Public Land Transport Commission's (SPAD) chief.

Syed Hamid is well known for his spinning! Pakar putar-belit! What can "past the shelf life" guy do to improve the land transport system? God knows what is in store! Malaysians are a cursed lot for tolerating idiots as chiefs, directors and ministers. All these morons do not have creative thinking to build the nation. All they know is to scheme to formulate discriminative policies, thieving projects, and swindle the nations wealth. 

We are dished with high cost and ill managed public transportation system. Traffic congestion is giving headache. As though to add insult to injury, we are once again need to tolerate "Bald remarks!".

The whole land transport system is going to be in chaos!

Gasing out Semi Value

Dr. Mahatir quoted,

"One must not overstay one's welcome!"

He is referring to Datuk Seri Samy Vellu's long reign as MIC's president. MIC is a component party of Barisan Nasional coalition.

MIC represent the Indian community in Malaysian.

In the last election, majority of the indians abandoned MIC and the ruling BN government. This was due to numerous discriminative policies and obvious snubbing of the indians by the government. Though it was difficult to proof but the discrimination is very fertile on the ground. Due to frustration, the indians vent their anger and voted the opposition. They blamed Samy for failing to voice for the Indians the past 30 years or more.

Recently Samy announced that he would step down as MIC president in 8 to 9 months time. This didn't go down well with Mugilan who was recommended by UMNO as a by-election candidate in Hulu Selangor. However, Samy Vellu objected vehemently and Mugilan was replaced by Kamala nathan. It is very obvious that Mugilan holds grudge and he told Samy to quit immediately. Samy viewed it as dissent and sacked him and two others who joined Mugilan's chorus. Mugilan have now orchastrated an anti Samy movement (GAS) to oust Samy.

That is the current situation of MIC's problem. Well, Samy may have failed as a leader for the Indians, but is it really Samy's fault? We know Samy was a cabinet Minister until last election, but did the Prime Minister's during his tenure really listened to his grouses and tried to help? I doubt Dr.Mahatir did, all he would jealously say is "Indians are doing good, there are many doctors and lawyers...". As though all that Indian doctors and lawyers are taking care of the other Indians.

UMNO blames Samy for failing to get the indian votes. How convienient to put the blame? Samy's son said, "UMNO has been the bus driver and all other parties in the coalition are passengers!" How true and it is an open secret. It is UMNO which calls the shots and throws crumbs to the partners who are the lapdogs. Now the "driver" have driven into a ravine and blames the passengers for the mistake. UMNO blames everyone except itself. It fails to look inwards. It fails to attract the non-malays.

The troubles in MCA and MIC seemed to indicate UMNO's invisible hand in causing the internal problem. UMNO thinks changing the current leadership of MCA and MIC will help to get the non-Malays support. Is it so? What UMNO failed to realise is it's doing, the discriminative policies it formulates, obvious sidelining of Chinese and Indians and other minorities in projects, business licences, scholarships, university entry, shoving of Islamic values and forcing of syariah compliance on non-Malays and much more hegemony.

It is evident that UMNO has a hand in this GAS effort. Samy is right to expel Mugilan and others. Though I am not a Samy supporter but I agreee with him.