it is irrelevant for now.
you can do this comparison before taking the next step of deduction whether their gdp is higher or lower. or whether their big mac is pricier or not.

Feeling hungry...

Thats even worse. Thats stating the obvious. There are more humans in gen y compared to gen x. We all want more of something that is limited in this world hence the intense competition.

fat cat always is and always will

more human in gen y? or u are saying more human now (both gen y and gen x included)?

yeah, we all want more of something that is limited hence intense competition. so true la. it is harder for gen y to become rich as compared to gen x.

this one i have to agree with u. that part gen y really sucks.

Just ordered Mc Delivery!

Precisely my point. When u get lots of buyers visiting the show house, busy busy punching the orders...no time to call potential buyers 😎😎😎😎📉📉📉📉

So... are you trying to say that now not many buyers?

Why ar?

At 28 & 30, assuming they started work at 20-21. If they are graduates and have been working for 8-10 years, rightfully they should have been able to save the 10% for a modest home.

So, the fact is, people need to buy within their means. But they expect the value of things to match their income instead. So, if they have slow growth in their income, then goods and services should also not grow? That's complete BS. There are always home that will match their income, but they do not want it because they either think it's too small, too far, too ugly, not in posh neighbourhood and all sorts of excuse. I remember in another thread someone posted an old house in Bandar Tun Razak going for less than RM200k not too many months ago. Now, tell me if that is unaffordable. Heck if they want to complain, I have a Low Cost Flat about 720 sqft going for RM110k if they want in Puchong. I'll sell it to them. Cyberjaya pigeon hole 700 sqft going for RM400-500k. So? If it's a home people are looking for, do they want it?

It is now about expectations. I bought a 1400 sgft condo for RM260k in 2005 when I was 31. Now you can't find one like that for sure. So, with the same budget or around 300k, opt for something smaller and maybe slightly further away. There is no price to suit everyone. But there are multiple price ranges to suit diff people with different earning capacity.

I only managed to buy my own home at the age of 31, mind you. That's why some people said, we have to work hard, be stingy and save to buy a home. We did not have it easy as you claim. Now graduates come out only, want smartphone, want nice car and etc. If you must know, they are born into an era of privileges as well where the previous generation has provided a roof over their head, provided for their education, provided for their current needs in a bustling environment where good food and entertainment are everywhere. Back in my 20's, I didn't know what fine dining was except at hotels. But now, all these teenagers are eating in them and they are everywhere. When I was in college 1992/94, I had 2 jobs; weekdays night till midnight after classes and Sat/Sun full day. When I started working full time, I still maintain my week nights job and the Sunday job. 3 jobs. Now Gen Y, tak suka only, quit. Look for job, ask for 4-6k even with only 1-2 years experience. Yes, not all of them, but many of them.

So, stop whining puuhleaseeee .. there are many others who had it even tougher than me.

This post has been edited by matthewctj: Sep 10 2013, 02:07 PM

Absolutely spot on to what you say. There are affordable houses out there but these pampered snobbish brats want luxury at a cheap price. And not to forget the DDD campers who dreams that property in Malaysia will crash and hope the worst for the country.

http://biz.sinchew.com.my/node/81819

雪柔供應過剩
豐隆研究根據全國產業資訊中心（NAPIC）資料發現，雪州和柔佛的產業建設量已顯著超越實質交易量，並導致供應過剩的隱憂。

豐隆認為，雪州產業供應過剩情況未令人驚訝，因產業發展商近期的推介計劃如火如荼，尤其發展商承擔利息計劃（DIBS）和融資方案主導的高檔產業；至於柔佛，自2008年開始，產業新建數量也躍升4倍，但產業交易勢頭卻平平無奇。

Developers drop prices to cater to locals? You must be dreaming. They will increase it to min of rm1m so that foreigners can buy.

This post has been edited by robertchoo: Sep 10 2013, 12:14 PM

Already hear such similar news in the market.

IMHO, I don't think government will increase e 500K to 1mil (bcz we're not in situation over-flooded of foreign buyers); they'll RE-announce PR1MA

No. Nowadays fresh grad once graduated straight EXPECT to live the high life. They expect a japanese made car, mind you. Proton/Perodua just can't make it for them. In addition, they expect to be hanging out regularly at starbucks or cafes like they see in friends sitcom, they expect to have a smartphone and expect to take the gf/bf/family out for dining every week and expect branded stuff.

Anything short and they blame the gov

Its amazing to observe how they squander the little money they have on luxuries ... Sometimes I'm really intrigued how they can do it knowing that their credit cards are maxed out... or the fact that they are living from hand to mouth on their small salaries and aid from parents... Do they not think forward and ask themselves what would happen when the aid from their parents run out? Or when their credit is maxed out? Or when they need that little extra for emergencies?

Wonder what is going on in their brains...

+1
yeah, many affordable houses out there

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Added on
+1

You do know pr1ma is just another marketing gimmick for low cost flats, right?
We already have low cost flats/housing. Problem is nobody wants them. So the gov put a spin on it and call it pr1ma.