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Investment MOVE TO COOL OFF PROPERTY INDUSTRY COULD BACKFIRE, None of the Asian countries had success

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Showtime747
post Sep 5 2013, 06:07 PM

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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
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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.

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
Showtime747
post Sep 9 2013, 03:22 PM

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QUOTE(AMINT @ Sep 9 2013, 08:31 AM)
Huh? Do u know what u r actually saying? Do u know that salary hasnt moved much but property prices have moved so much that gen Y cant catch up? And the loan period, we only have 35 years, not 40 years now, mind you. Even with 35 years, u think that is good affordability? We have to pay until we are old, liao. Yeah our salary hit rm10k by 30 years old. So what? A rm7k earner also finds it hard to afford normal houses these days. Not like last time. There is this thing called inflation too. Look it up. Remember, it is the gen x that shaped this screwed up malaysia for gen y. Not to mention that gen x inherited most of the lands from previous generation freely and sell and used the money gao2. Gen y got nothing mah. Check la which generation that boasts about having so much of land. Gen x or gen y? Gen x was imho the right generation to make money because they came in just after merdeka and development was quite rapid. Now gen y peeps have to be more creative to get the same wealth. Gen x gets scholarship  easily with stupid results. Gen y no way. Gen x easily gets a job with a degree. Gen y not easy to get a job with just a degree. Just because u r not gen y, dont think that situation is easier for us. I am speaking in general by not considering some exceptional cases.
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Lets just concentrate on ease of buying property. Last time we never complain cant afford houses when we graduated. Because we are realistic. We knew we must work hard, save hard to buy property. It will be late 20s or early 30s before we buy our first property.

Nowadays, fresh grad complain they cant afford. Just compare to yourself. You bought property at 23. At our time, it was impossible. We dont have Dibs, zero entry cost etc etc. We must have 10-20% to buy. I will be laughing if i can buy property 1-2 years after graduation.

Be appreciative man yawn.gif
Showtime747
post Sep 9 2013, 03:53 PM

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QUOTE(AMINT @ Sep 9 2013, 03:26 PM)
Thats why I said dont compare with me. maybe i was lucky coz also naik pangkat laju than the normal standard. but if u check the general gen-y, they are not doing good, bro. 1st house also kenot afford even though at 28 to 30 years old.

u can say they are lazy, they complain too much, they dont work hard enough but the fact that the majority of them are facing this issue. takkan semua teruk2 kot.
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Same with my generation. There are some who cant afford properties even in the early 30s. But thats because they are choosy. Nowadays properties like flats with security in the range from rm1xxk still got. Those walkup apt with security in the range of rm2xxk also got. They can buy these cheaper ones and upgrade later when they get promoted

 

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