Well I am a gen Y of 1990. Those around my age are not into buying a house for whatever reason. It already that hard to convince them to do AS saving (with or with out loan), to bring up about mortgage, sheesh. We are more horny to own a wifey.

I know to marry is a part of my religion, living modestly is also part of it, but there is no teaching in my religion that promote being poor and miserable.

I hope I can buy a house next year, as this year I want to clear all of my family debt. 7% dividend is not worthy if you have 18% cc loan interest. Maybe Gen Y will start buying a house after we stop posting food and selfies at FB

In my opinion, Malaysia sentiment and German sentiment is totally different.

Some of the city citizen still value property over nice cars, but many of the Kampung citizen sell inheritance land for a car.

If you are burdened by house mortgage, it just mean that you:

1. Buy the house at unaffordable price
2. Location does not suit your job range. I have an uncle who his wife is not working but rents in KV, which is owned by my father. Every month excuse for paying rent, until 2k++ 'tertunggak'. Maybe they are more suited at Kampung which has lower living cost.

Just to spice things up, if you are renting, it mean you are helping the house owner to own an asset, or maybe even giving him a positive cashflow. Or better yet, you might be his portfolio for him to buy a new Vios