QUOTE(robertchoo @ Sep 5 2013, 04:34 PM)
Its the truth. They should learn to grow up.
During my time people are also complaining that property in bandar utama at launch date somewhere in 1996(?) at rm180k was so expensive because the generation before managed to buy taman tun houses for ~rm60k and that wages cannot support the purchase of houses.
Today its the same arguments only different figures.
Pointless.
And believe me, you don't want the gov to get involve. Firstly because they can't do anything to curb prices like what happened in SG and HK and two, knowing our gov, they will find ways to screw it up. In the end you may pay even more for property prices!
If you want to own one, find ways to increase your earnings. Otherwise just rent. Remember nobody owes u nothing
I vaguely remember Bandar Utama DSL houses in 1996 was more than RM180k already. More to RM300k-RM400k range. The RM180k ones maybe the 1st phase launch price deep inside near Damansara tol side. Not the 1 Utama shopping centre side. During my time people are also complaining that property in bandar utama at launch date somewhere in 1996(?) at rm180k was so expensive because the generation before managed to buy taman tun houses for ~rm60k and that wages cannot support the purchase of houses.
Today its the same arguments only different figures.
Pointless.
And believe me, you don't want the gov to get involve. Firstly because they can't do anything to curb prices like what happened in SG and HK and two, knowing our gov, they will find ways to screw it up. In the end you may pay even more for property prices!
If you want to own one, find ways to increase your earnings. Otherwise just rent. Remember nobody owes u nothing
But I agree with you. I also Gen X. Nowadays upon graduation, they are talking about buying properties. Our time, we don't even dream to buy property until working for 5-6 years to accumulate 10%-20% deposit. Recent years got DIBS, zero down, free SPA, 40 year loan and BLR -x%. With RM10k they can buy RM500k property. Our time, no zero entry packages, loan tenure max 20 years and interest always BLR +x%
And look at Gen Y salary. Some of them before 30 year old hit RM10k already. Gen Y should appreciate the good times they are enjoying now. Be more patient. Don't expect to buy property right after graduation. Your turn will come eventually
Sep 5 2013, 06:07 PM

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