i think many gen x hoped to retire at 40 but most failed.

gen y now wants to retire at 30? gen z will want to retire at 25 then?

the stark truth is gen x survives mostly on hard savings, gen y on debt.

at this rate, when gen x exhausts all savings upon death while gen y gets old but still living in debt, what will gen z live on?

well, the movies will show crowded sheds, polluted air and water, very little meat on the table, etc... how grim!


i like the song... mike n mechanics' living years:

Every generation
Blames the one before
And all of their frustrations
Come beating on your door

I know that I'm a prisoner
To all my Father held so dear
I know that I'm a hostage
To all his hopes and fears
I just wish I could have told him in the living years
http://www.lyricsfreak.com/m/mike+the+mech...s_20093565.html

This post has been edited by AVFAN: Sep 22 2013, 02:26 PM

Because Gen Y watch too much korean drama which make them think the world is super wonderful and can be a rich man and live in Big house after few short suffer only
Gen Z probably they all will watch malaysia drama, which teach you u dont need to work, u also can live in a big house, cos government will give you a lot discount and this and tat

This post has been edited by goldchris: Sep 22 2013, 02:51 PM

Lol

People plan to retire early because they are young, and still naive Life isnt a straight road. Just not getting bogged down with overwhelming debt is quite good in many cases.

not agree, retire is not a dream or impossible, it just based on your perception.

Assume you work smart/hard to get enouff money before 40 years old and you dont have any/less commitment.

example:
A retired 40 years old man at 2013 can live pretty well with the criteria below:
- No Son, No Wife , No contact to family (save alot money to spend on them)
- Have 3 cheap apartment that fully paid, 1 for own stay, 2nd & 3rd for rent out (rent out one can fetch 1k rental).
- with 2k of income every month the 40 years old man can have a pretty good life d (cook him self, if free lim teh with fren, stay home online and watch drama)

such a pretty life..

Then, you have truly mistaken the point of my whole post anyway. I wasn't advising on how people should advance in their career nor how to increase wealth by acquiring property. I wouldn't dare nor am I qualified to do so. It was more to highlight that not everyone is going to be able to purchase a property of their choice, especially referring to those who says it is meant for staying. To say that young graduates after working for years and can't afford a property is false. There are many who choose to stay in Seremban/Nilai and commute to work in KL everyday. Far? Yes, but sacrifices are made. Who says life was meant to be fair and easy? An old friend of mine relocated with his wife and child to Malacca, simply because living standards here in KL is far greater than what he can afford. Sold his home in Cheras and bought a smaller size home in Malacca. Is it because he wants to? No, but he did what is best for his family.

People whine. The poor will whine about the mid-income, the mid-income will whine about the wealthy and even the wealthy will whine about the poor for having benefits because of the tax the wealthy pay, and it will continue till the end of the world. The sooner people realize life isn't meant to be a bed of roses, the sooner people get out of their butts and try to improve themselves., irrespective of whatever income groups they fall under.

It might be a lonely silver age. There will also be no one looking after when e person reaches 60s - 80s.

A 40 year old with that lifestyle is ... Pretty sad. Furthermore someone with such low targets wouldnt have had the vision to invest in properties. My opinion lah

2 school of tot
a. Buy within means n b cautious when price is high
b. Buy with borrowings n ride on bull run even price is high

IDK , many young property tycoon take a risky road, that no one dare to take (act out of the box?) that's why they become so successful. Not mentioning a lot more die trying in the process.
Risk is always there, but as long as it is calculated ..... wrong calculation , die and blame own self fair?.

wonder why he didn't keep buying more property? beside rental , there is also flipping , and appreciation .
If i were him, i will sell 2nd & 3rd with profit and buy 3 new one ,then overall i will have 4 and keep on repeating the process... until reach 10 property? or 20 ? or 30?

and i don't see why he need to live alone , he can afford few mistress

+1 agree , just for your note , except i'm not whining on other wealth, of which i don't really care coz it is what capitalist mean , I'm whining on the opportunity and the chances which isn't available during my generation compare to the previous one , of which, no one can change the fate . It happen coz of the government.kindly refer to my previous post, i blame it on tax, tax and tax.

Agreed. Take your own risks - the success or failure is yours. My comment really meant that some young peole think early retirement is 'easy' and that the older gen cannot retire early because they're not hot shots like the young ones. The truth is many, if not all, young healthy adults from every generation start working life with the intention of striking it big. It takes huge sacrifices to move ahead of the pack, something many will not be willing to make.

that why i said... diff people diff target, they can set their target lower to achieve "retirement".

but according to your plan, you will never retire.. lol~ u keep BBB

Most important live happily. To some people, BBB can make them happier.

So I shared mine @ https://forum.lowyat.net/index.php?showtopic=2977640

I dunno why some insist the measures are not working.. but Singapore has shown that IT IS WORKING.


http://www.themalaymailonline.com/money/ar...in-six-quarters

SINGAPORE, Oct 1 — Singapore home prices increased at the slowest pace in six quarters after the government introduced new loan measures to cool prices in Asia’s second-most expensive housing market.

The island-state’s private residential property price index rose 0.4 per cent to a record 216.2 points in the three months ended September 30, after it climbed 1 per cent in the second quarter, according to preliminary figures released by the Urban Redevelopment Authority today. That’s the smallest gain since the first quarter of 2012, when the index dropped 0.1 per cent.

Record home prices amid low interest rates raised concerns of a housing bubble and prompted the government to widen a campaign that started in 2009 to curb speculation in the property market. Singapore unveiled new rules in June governing how financial institutions grant property loans to individuals, in addition to previous curbs including new taxes and higher down-payments.

“The loan curbs are biting into the market,” said David Neubronner, national director at broker Jones Lang LaSalle Inc’s residential project sales in Singapore. “The days of easy borrowing are over.”

The new loan framework requires that lenders take a borrower’s debt into consideration when granting mortgages, the Monetary Authority of Singapore said June 28. Home loans should not exceed a total debt-servicing ratio of 60 per cent and those that do will be considered imprudent, it said.

Loan growth

The gain in housing and bridge loans slowed to 13.5 per cent in August compared with a year earlier, the slowest increase in almost four years, according to data compiled by Bloomberg based on information from the central bank.

Apartment prices fell 0.5 per cent in prime districts in the third quarter, more than the 0.2 per cent decline in the previous three months, the URA data showed. Those in the suburbs climbed 2.1 per cent, compared with the 3.8 per cent increase in the previous quarter, according to the data.

The measures are also affecting public housing, where 82 per cent of Singaporeans live. The resale price index for public housing fell 0.7 per cent in the third quarter, the first decline since the first quarter of 2009, according to a statement from the Housing & Development Board.

Singapore’s home sales rose in August as developers marketed more projects, rebounding from July when they slumped to the lowest since December 2009. Home sales increased 54 per cent to 742 units in August, compared with 482 in July, according to a separate data from the URA. Sales in August last year were 1,427 units.

The island-state is Asia’s most-expensive housing market after Hong Kong, according to a Knight Frank LLP and Citi Private Bank report last year.

“The measures are working,” said Nicholas Mak, an executive director at SLP International Property Consultants in Singapore. — Bloomberg

Opportunity is always there.

One thing people don't understand yet in Malaysia. What goes up, must come down. Especially when our Fundamentals is not there to support it.

Loan curbs are very powerful in slowing down the market, so does RPGT. But the result may not be what the government, developers, investors or those vested actually want. Malaysia needs to attract talents or build them up to generate higher value business.

Yup agree with you saying our fundamental isn't there to support it . malaysian average wage isn't at that level to support the property price, and with the current speculation price, we hardly can see ROI of 7-8% enjoyed by old skooler last time,With these kind of price nowadays, property in malaysia will turn to be like AU , rental will never covered the bank loan repayment and we need to top up some.

Of which is also related to i'm saying, we never really enjoyed the opportunity enjoyed by my father generation.