Almost impossible to achieve DSR <=20%, with the house prices keep UUU. If like this, many people can't afford to buy house. That's why bank's DSR is 60%, imagine they put 20%, they can close shop because not many eligible for the loan in the beginning

DSR < 20% is unrealistic. I think 40% may be a more realistic figure.

He referring to house only. Is doable.

He referring to house only. Is doable.

DSR < 20% is unrealistic. I think 40% may be a more realistic figure.

I would agree with this. Let's say <50% is good enough.

50% on house? Individual income or household? I think is a bit high.

I would agree with this. Let's say <50% is good enough.

I would say 50% on loans, be it mortgages or car loans / CC loans

Meaning to say total loans < 50%

If dsr is about <50%,; after deducting epf, commuting, education, etc expenses, how much is left?

without bank loan, if one couldn't save similar amount regularly will likely stressed.

On paper it looks good, but realistically, in our current world, our finance system and economy is been driven based on capitalism. Putting low DSR discourage spending which in returns slows down the money flowing in the system and slow down the growth of the economy.

Yes, is good for individual, but bad for banks, the government, the corporations. There's reason why BN or government didn't imposed such thing.

High dsr was introduced by bijen to spur spending. Many took it line, hook and sinker.

And during his times, our economy improved a lot isn't it? The numbers on the paper looks good during his times. We even achieved a 1 USD = 2.8 MYR

The thing here is, we are all under this system, and it is very hard to find a right balance so that every single entities within this system benefited. Most of the time, some entities will have greater benefits compared to the rest. This is how the world works anyway

RM 2.8 to USD was a few decades ago, certainly not under bijen rule.

RM 2.8 to USD was a few decades ago, certainly not under bijen rule.

Dato' Sri Haji Mohammad Najib bin Tun Haji Abdul Razak (Jawi: محمد نجيب بن عبد الرزاق, Malay pronunciation: [muhammad nad’ɪb]; born 23 July 1953) is a Malaysian politician who served as the 6th prime minister of Malaysia from April 2009 to May 2018.

You can buy a cheap house today and upgrade it into a palace, but buying a cheap house could put you in an undesirable neighborhood which you cannot upgrade...

For me, i take the same simplest fundamental approach in everything.

"You have to crawl before you walk, walk before you run."

Either investing or for your own stay, if this is your first house, start small first. Take baby steps.

Alot of us nowadays are too eager, too gungho. First car already buy City, first house already want 500k house, first investment already want to multisub 3 property.

We are underestimating the value of experience. Each commitment has more to it than just the monthly mortgage that we tend to oversee.

Why not just start small,you can always upgrade in the future. But to downgrade or cut your losses, it's much more tougher than you think.

No such things as dream house.
Age 30 you buy dream house.
By the time you at 50, the house already 15-20 years.

Dream house also become old house.

Buy something that's convenient to you and comfortable to live in for at least 10 years.

Then after 10 years move on and find another nicer house.

Dream house doesn't have to be landed btw.

The baby boomers had a different run and saw a prosperous side of Malaysia post war. Now we are waging a war of a different kind. Your old neighbourhoods in PJ, OKR, Cheras are a different beast now and have gone up more than 10X. My dad’s starting salary in 1970s was 2k and the RM was a lot stronger. They had a pretty good quality of life for an Asian country. What is it now?