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Tuesday, 17 November 2009

What is the price for this house?

 
How much do you think this house valued? RM100K, RM200K, RM300K?....
Maybe it is the value if this house in Ipoh...but here this house cost about RM620K....more than half milllion.
That is the price today, can you imagine the price for next 5,6 years ...?
Let say every year price of this house increase 8%, how much it will be in the year 2015....

=RM620K(1+0.08)^5
=RM984K.....wow near a million.

Means that in the year 2015only a millionaire able buy it. This is what we call as inflation....rich will become richer, poor will become poorer.

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