'Illegals', fuel dictate new house prices
Four years ago a friend wanted to buy a house. Many adviced him against it saying the property bubble will burst soon and that prices of houses will crash. But he ignored such talks and bought the house anyway. The bubble didn't burst. In fact, prices of house have escalated higher than before. And property developers now say new homes will cost 10 per cent more due to the crackdown on illegals and hike in fuel prices, as reported here . The friend is glad as he had forked out less for the down payment and could stretch the loan longer than most within his age group who have are now thinking to buy their dream house. The friend also chided his other friends who claimed foreigners were apparently voting during the 13th general election, adding how the nation now needed them more than ever. "Those Bangladeshis and Indonesians build homes for people like you and I to live in. Malaysians are too arrogant, rather become gangsters or hisap fit than to actually work. S...