yes, please keep up your spirit.
2nd hand property that is in town centre but kinda old, don't want
new property far far away with no public transport, don't want
so please wait until they launch a rm220k property in town centre.

that's the problem with some people nowadays.
they want it fast
they want it cheap
they want it to be the best
but the best part is they doesn't want to work for it!

Don't buy a car. Take public transport, take train from Rawang,

I don't want to be harsh, 3K income, don't deserve a new car + a >220k house.

The solution is always build up your income.

No money, or income not high enough, no convenience.
Take harder route.

Yup, everything is possible. Foresee that shall be the trend in KV in the near future. People will go for budget AirAsia style. Tat's why D'sara Perdana selling so well ages ago.

A friend in Tokyo having a small apartment of less than 600sqft. No complain. Still alive and kicking wat after the big quake.

Looking at positive side, a small house = nothing to buy aka cannot buy anything cause no space in your house so save more money! Want to buy new furniture have to give it all away or pay to discharge old furniture ie force saving in a way.

Nowadays esp recent days (3 biggest quakes of the century hit in <10 yrs) world hit by many many crisis. But life still have to go on what. So continue to wait for more crisis or look at positive side, find out how to minimize/mitigate risk, make full use of opportunities around and make the best out of it.

But guess prob with youngster nowadays upon graduation first get a brand new car first (hey you been con by the gomen/bank already)! After finish paying off car loan then think of house. Problem is after paying off car loan thinking of a new car cum a new house cum a new hubby/wify cum a new kid on the block .... so forever and ever waiting and complaining properties too high. Stories never end.


ps:- buying new cars is the worst financial decision in this country (one of the most expensive car rates in the world with the highest import duty and taxes) no many many thanks to this Tun and his legacy to keep subsidizing his baby Potong which cannot export and compete with global brands. Now all suffer poor public transportation as long ignored and forgotten, all force to buy car to support Potong.
Solution:- kancil or bike

This post has been edited by Bobby C: Mar 16 2011, 11:46 AM

that's the common dream killer to most of the people.
and it's getting increasingly more difficult to get out of the rat race!

well obviously ,price are increasing more and more

ha ha... car (>RM100k) is status of a person...once u bring it out to pickup ur gal. ur confident level is diffrent compare to ppl with car <RM100k... that is why ppl still go for the car 1st. the property taste change and as well as the gal taste change as well, bro not like 10 yrs back lah...

Cost of living is expensive nowaday...

This post has been edited by sampool: Mar 16 2011, 02:05 PM

You are not alone here, try to book cheap AA cheap ticket to S'pore, China, HK or Taiwan, do a simple survey, I think you will feel relief, my friend MBA work and married in Taiwan (Taipei), wife degree working too, say 40 yrs ++ only dare to dream of a small apt, never in his mind of owning a landed property, unless Malaysia going backward like Myanmar, otherwise we are getting closer to these countries lifestyle & thinking
p/s : When in Taipei, I saw a few very pretty girls selling used goods at the road side (late nite), they are working 7 days (1-2 extra part time job) to earn money, and we, Malaysian youngsters spend weekend in TGV & KaraOK perhaps....

I have more confidence with 100k cash in bank, and use the 100k for investment and grow even more money, even a pathetic 3% FD rate, I get extra Rm250 every month, compared with you have to paid RM250 loan interest alone (not yet count the capital), every month, the difference is RM500, rich become richer, poor become poorer.
One year, difference already Rm6k.
If investment successful bring in more return like 10%, the gap even widen further.

More money, more confidence.

I can have even more gal with more money.
Your 100k car will getting old after 3-5 years, lot of money need to be spent again.

You have confidence in split second when getting the new car only. Once petrol bill, maintenance invoice, bank loan statement come in, all confidence can go down to the drain.

More money, more confidence.. more lansi, forumers NO like! they prefer all poor & get everything PLC for minimal fees

I see it differntly, one thing property better than cash is not so liquid, hand got cash will spend easily, imagine if gomen dun enforce EPF savings, how many do you think every workforce hv when come to retirement?
Secondly, if you really want to keep cash unless you hold Sing dollar, RM in long run mana boleh tambah nilai one? Young man must work, work harder, work harder harder, save money, study and gain investment knowledge then do investment, success then only entertainment..when I see those fb, to my surprise that many young people travel a lot, sharing theirs photos in fb, then they login to lowyat forum to blame no $$ and price too high.
I 1st travel overseas (company trip) at 30 yrs, 2nd overseas at 40 yrs, I know m not eligible to spend travelling, vacation cost too much to me

many ppl understand this, but the reality is different. human is too complicated to understand... definately secure a house is more important, gal is second...

maybe u r still lucky can go vacation oversea at older age.
looking at the situation now economic is getting unpredictable and life is getting tougher,
how can gurantee the youngsters now that if dont enjoy now, garantee can go enjoy when they get older?
if dont enjoy now, then older still not afford to enjoy, then wasted the whole life.

like planning to visit japan in the next 3 years but then, no chance liao??

but i kinda agree to UFO. must work hard first before savouring the fruits of your labour. and it seems UFO have made it quite alright. purchasing TMS semi-D liao wor!

Tat's d case go modified/remake/repaint old kancil or old cars Jap brand or old wira v Mitsubishi engine and make them brand new.

Thereafter when got more money go get a pickup truck can pick up many many gals as u wish.

Why truck you may ask? Here the reasons

i. Diesel fuel efficient, more efficient than 1.3M satria
ii. Diesel comparatively still cheaper than petrol. Their dare no simply hike else all transport companies will hike full then big hoo haa
iii. Diesel engine long lasting some recorded 500,000km no need overhaul engine
iv. Truck no 130% import duty compares with SUV, MPV, MiniUV blah blah
iv. Truck bulky and big can withstand langgar and harrassment from BM, MB on the highway
v. Can do partime delivery during wkend
vi. Diesel more green than hybrid. Go check how much environmental damage from the hybrid batteries, from manufacturer to the tong sampah
vii. Euro country 1.3cc also use Euro 4 / Euro 5 diesel. Msia dare not upgrade else kill off what else but Potong completely

Potong wins pants down thanks to b***** Legendary Tun!

spend within your capabilities... of cuz if parents got pump some $$ then it's a bonus , which im sure many is getting such privileges .
of cuz every1 dream of a new nice/good car.. i too have the same dream but looking at our car prices, not worth it at all... house prices going up as well... we believe in changes? so next election see what ya guys can do LOL

I help my friend looking a property, Jz flip through Iproperty site and filter KL area and within 3 days post.....amazing that 5725 were responded...
let say average selling 800k per unit...

5725 * 800k = 4.58B

Wooo.... r we malaysian hv this buying power to absord all this property???

Dun forget is only KL wt 3 days post...how about a week, a month & 3 months or another place like selangor?

Yr money is in yr pocket, how to spend is yr full right, nothing right or wrong, but one thing for sure, property price in long run is an upward trend, interim "might possible" see some 5%-10% corrections, the real question is are you ready to buy? At least at younger age, if you keeps savings, until certain age, you stand a chance to buy a property, best is when suddenly "if" mkt crash 30%, you can react faster than others to grab, remember to keep yourself an "opportunity"!!
I want to share someone's (stock mkt analyst) mindset, everytime I meet him for minum, he will let me know how long he can withstand his life if he lost his job immediately, fr 1 yr till 25 yrs now, he can own a BMW but he drive Waja age 41. He prepares the worst to come, he says if nothing happen by 52, he can retire and travel every week until "Tak boleh Jalan"
You can spend all the money in younger age but dun blame the cruel property rising price

Having cash doesn't mean stay in cash, it gives you chance for investment, that yield return.


Typically new generation mindset, enjoy now.

Guarantee what?
Parent born a child, and give guarantee to the child to enjoy life?
Life is a journey one explore through, life is for enjoyment only?
Want to enjoy, work for it.

Economy is unpredictable, life is getting tougher?
Please compared with those after WWII, 70-80's, whereby people beg for job.

Life is getting tougher when you cannot have a job to feed.
Life is not getting tougher when one taking up car loan to buy 100K car, taking house loan to buy 250k house, buying IPhone with installment, clubbing every weekend.

No offence.

No offence at all
I am not a youngster actually
Am doing part time jobs and saving as much as I can
I am like the other forumer that only order plain water with mix rice
Driving a proton
The furthest vacation is hong kong once
Saving $$$ for future and kid insurance and education fund

Just sometimes wonder
Is it really worth it my frugal life style
Hopefully when I get old I really can go enjoy a bit
But who knows what will happen in future?

So youngsters enjoying the moment life style is not something that we can say right or wrong
Just like grand grandfather told grandfather how tough his life was
Then grandfather told father how tough his life also
Then father tells his son now, his life was tough…