I started quite late. Could easily gotten a house 1 year plus ago.
However, i was brainwashed by my ex saying it is expensive and blablabla
Sp Setia project was around 400k that time. Currently as we speak, i think the property is 600k or so.
Easily 200k on paper. or at least 100k +

k la im genY too 26 this year. but last time i pakai potong iswara 2nd hand only when i own my 1st prop in puchong, talak pakai vios or city, talak cinema, boh $ travel, dated many ahmois? I hope so

its ok la... it is not easy to find a landed that both of us also like... diff ppl gt diff goals... 5 years later perhaps my house would appreciate till a million... or 5 years later i will be getting another million dollar home...

how u define cheap? dont think got cheap property now... too bad i was born alil late and wouldnt be able to grab a cheap property..

Actually, Gen-Y spending is keeping the economy humming and the banks happy with all the credit card debt.

Mind to share where is your 700k landed prop? Cos it's kinda hard to find nice landed prop that is reasonable these day.

yes, really, that's the truth - our economy is humming thanks to all the debt, gen x-y-z, all of them!

Save some cash and wait for dead chicken

Hoping to snap up a distressed property (corner unit hopefully) sometime end of 2014.

definition of Gen-Y

hi. share with u!
13 years ago. my parent prepare 20k for me just for down payment , this we call "property fund".
bcox this fund. i "buy" condo , when i bought it i only want to buy , still dont know invest.
after collect the key, rent it out. i just can feel it, this we call "Invest".
i m lucky , cox my parent give me a change to open my mind. cox, that time i only 21 years only. no money to invest and dont know what is invest.

so, now . i know what is "invest" already. nowadays, i think parent should support their child to pay the downpayment (if parent financial is ok) and ask them take the responsible. this is "education" also.

thx !

If this is what gen-y is, i am ashamed.

at Setia Alam...

Agree with u, its kinda hard to find... Im not very choosy on location coz i know my budget doesnt allowed me to buy landed at nice locations like PJ/DPC... (for sure not referring to those 10/20years old landed)

Choose this location as I found it quite suitable for own stay, although alot ppl said that this area is overpriced... What to do, I was born so late...

I'm 27, part of Gen Y...and bought my two props so far with my own cash. So pls don't generalize.

I think he/she no longer Gen Y.

I think what she meant was, if you are looking for long term, you should have bought something cheaper so that you have more funds to be used towards investment. Just bear in mind, in 5 years time, if your unit goes up to RM1 mil, it is only on paper value. And even if you sell, the same size property will also be be RM1 mil. First home isn't considered investment in my opinion. As long as it doesn't generate you income, it's not an asset. Because if you sell this asset, you have no where else to go that you can call your own.

So, the term investment is very loosely used these days. Buying a first home to stay isn't an investment. It's an expense.

There's nothing to be ashamed of getting parents help. I for one did not have the luxury and had to struggle to buy a property and wished that I could get some help when times are bad. Getting help from your family members does not make you a lesser person.

Oh...setia alam is quite a nice township actually....

Why do I have a feeling of Gen-Y = bad quality? Are we really that bad or people are generalizing.

In terms of property investment, I did my own study; called various agents/developers; drafted out my own budget; cut the urge for "wants"; paid my own down-payment; and in the future, prepared to pay my instalment and the cycle starts all over again for a 2nd property and so forth.

I do not think Gen-Y is of any inferior (or superior) than any other generations.

Well no parents help me to buy any properties..thats for sure.

But when i have kids, well i cant say that i wont help them to get properties, i will help them if i can.

This post has been edited by AmayaBumibuyer: Sep 10 2013, 07:28 PM