This thread has become a venue of feeling proud to own properties. While there is nothing wrong with that, a lot thinks they own properties and think they can get rich in future. While it is true in some form, it also means there is a lack of investment knowledge or education that forms the backbone for investing. At this time of economy, almost everyone believes they should buy properties to get rich. The real problem is Gen-Y. How many Gen-Y knows about Asian Financial Crisis in 1997 ? At that time, they were still kids. They know nothing what their parents went through. Global financial crisis in 2008 has not affected properties in Malaysia and Gen-Y think they have seen enough. My advise is do a lot of research before buying a property and always think of risk and back-up plan when worse scenario happen. In short, be prepared.
Btw, I am also Gen-Y