Disagree on the article above on these grounds:

1) If I rent, I'm paying the same about or slightly lower than the amount that I'll pay if I purchase a house. And also, I'm paying for someone's purchase of the house.

2) If I don't buy a house (asset), I'll most probably be buying a car (liability in disguise as an asset). I take buying a home as forced savings

3) If I rent a place for a few years, and decides to buy the place, the price may have ballooned up and capital appreciation stagnated.

4) Work place may change every now and then. Lawyers are pretty fixed, open up a firm, stay there for life or move to the shop lot next door or a lot down the street.

5) I pay RM1.8k this day is e.g. 60% of the salary, maxed out DSR. It will most probably be 30% of the salary 5 years down the line.

My opinion is that our dear lawyer should write about "Take public transport or car pool first before you buy a goddamned car"

Speaking about low cost flats, TBH, I would not choose to stay there neither would I encourage someone to stay there.

With all due respect, I'm not saying that it's lowly in terms of status and what not. But, with the crime rates on the up side through the recent years, I really doubt that it's a wise choice to do so.

I think people are spending money to buy security nowadays. Well, not to say it's crime proof, but a lower chance of getting mugged or unwanted stuffs to happen to us, or our partners and also eventually, our children.

Oh, editing my post, just realised that I'm seeing 'poverty' as 'property'.

Well, poverty, honestly, I've not seen poverty. neither am I from a wealthy family. middle class, just like 86% of the population of Malaysia. 4% in poverty and 10% upper class.

I've never despised them who live there for reasons of affordability. But I honestly disagree on some who lives in a low coat flat with a BMW parked downstairs.

I think it's easy to say that youngsters want a good life, wants luxury and status. But let's be fair, who doesn't? And I believe that circumstances just doesn't allow us to get a sub-sale house.

As mentioned earlier, many wouldn't stay in low cost houses (pardon me again) and a medium cost apartment will cost about 250-300k subsale.

I need at least 50k for DP + legals fees + this and that. I find that first 50K the hardest to accumulate.

I don't come from a wealthy family, and I have no family support, and thus... I result to DIBS + developers' discount schemes. and that suggests... higher price.

And the irony is, the middle class gets expensive units and the rich may get the middle range with family support. And when the crap hits the fan, the middle class gen-y gets hit first.

I guess let the gen-ys decide. Some know what they're getting into. Majority don't even bother and drool over cars. Like what mentioned, the banks will be the gatekeeper.

This post has been edited by tyshu: Aug 2 2013, 11:12 PM