Ya-lah, need a lot of money for your level !! since the rate is down, down & down again...
I already have only the little !! already cannot survive ... now cut & cut again ...
ask old folks like me eat what ? No right to sick, is it ?  that is why I say survive (生存 Not 生活)

You rich people cannot imagine one how people live at "down"/ poor level here !!

You all only think, wah ! good loh ... the rate cut ... I can think change new car loh, can buy more property for rental income loh !! wah ! next time sub-sale can gain more! kaya loh, wonderful loh !!

Who ask you not enough $ also go to buy car/ house & loan $ at the first place ?
yes, I know, is the salesman fault, they say, buy property lah, can gain big big money when you sell it after 5 years, some more pay lesser RPGT then, meanwhile the loan is pay indirectly by your tenant mah !

Buy car lah, you young mah now, enjoy the good car, glamour car ... when you old then only buy, other people at the street will laugh at you when they see an old man get out from a Ferrari !!

Who is the one who bump the property price rocket up at the first place ?? Those greedy people lah, no need extra house but go & buy ... buy ... buy ... non-stop buying, simple economy rule, demand > supply , price goes up, this is what my Form 5 teacher taught me last time !!

Imagine in late 1980s, my school teacher (freshies) only earn RM350/mth, that time wan-tan mee at KL area is RM1.00 to RM1.50 per bowl, people said can still survive but no $ left for saving lah
Now, Yr2020, min wages is about RM1,100 or 1,200 but wan-tan mee price at KL area already how much now ? chin-chin chai-chai cost you RM6.50 - RM8.00 per bowl
Can see the ratio is rise not in the same percentage !! my form 5 teacher said this is call inflation.

So, your RM1mil (ie, RM1000k) assumption for survival is only when you only use the interest earned (RM35k/ year or RM2,916.67/mth), not touch the principal, this is better than a worker who earn RM3,000/mth, because

RM3,000 less EPF 11% already RM2,670, not yet less socso & etc.

I got go to jobstreet & survey the current wages, some boss still offer RM1,400/mth for an executive !!
Funny, right ... but that is actually/ reality happen under the sun today !

You think retiree can get a comparative salary even they are lucky to get a job ? No way, bosses take us is only, chinese say, "good wash, good use/ hoo-sai hoo-yoong", got knowledge & pay cheap.

If you only owned a low/medium cost house, the 0.25% cut for your 30yrs loan, the monthly instalment is only save you how much ? is less than RM40, right ?

Who is the one who can benefit the most from this rate cut is actually those who take loan/ mortgage in millions or hundred million or billion, ie, those people doing business, ie rich-man lah !!
I dun know whether you are one of them but definitely Not small potato like me loh !!

Off course I appreciate Deal Hunter effort too, at least got some kind people here.

Note, I want to declare that I only have the first mobile phone in my almost 30 years old, until now, I still travel by bus/LRT/MRT/train, in my newly marriage years, my dinner is only Gardenia bread for weekdays, weekend only buy food & cook dinner, once awhile only celebrate at fast food restaurant- KFC/ McDonalds. I also forgot whether I got go to cinema or not after I get married. My husband & I only own a nasional car & a low medium cost apartment after all these hard years, all the money is hard earned money, chinese said, "got blood got sweat" one, yet still very little.
I mean, if the rate is higher, I no need to use up the principal that much, can use longer time a bit, I dun hope to see myself can't even afford to buy a bowl of porridge after 1/2 days collect & sell the old card-board, just like an old lady in Hong Kong documentary TV programme.
I hope our country by that time got incentive for old folks to help them to live.

If you are still young, you wouldn't understand lah, what we old folks worried about ... one day later when you also old liao, maybe you will understand, hope that time your life is better, no need to worry & off course no need to understand, all the best & good luck.