Just say Millenials are aiming for something above what they could afford.

Affordable housing around KV masih plenty. But these nak condo with lavish facilities, or nak landed with G&G.

Daddy kasi syndrome alrdy hitting Gen Y group liao lo...

ppl in their mid 30s also seeking daddikasi now for housing ...

ukur baju di badan sendiri... plenty of subsales out there, owners throwing price if you know where to look lol

not so correct calculation in terms of impact....

is u pay tax and pay house for 35 years.. for 1m... after you ko.. the house is worth 2m...

your son, to inherit that house... needs to pay 5% inheritance tax... in cash.... 5% of 2m.. fuh..

Capital gains tax.

u mention house kena inheritance tax

i cakap CASH la bro
cash inherit not kena for inheritance tax?

i think youre missing the point

its more on how even they with decades of work also can barely afford a house

house price goes up faster than salary can be

The other solution is a hard limit on residential property owner.

Takpe la... can pay tax means can make living... syukur dah...
Most of the 1st world country also got Inheritance Tax and GST kan.
Yg mampu... buat je lah

no need do so much research and tok kok nonsense

10 years back mcd salary 1.2-1.5k

today you go and see the same position also 1.2-1.5k salary

wages stagnated and income gap widening

Problem is not house price increase but salary stagnant. House price inflation is reasonable compared to overall price inflation of other goods.

if u limit = property will crash , meaning existing will not sell

new property will not launch cause they know price is cheap. no ppl want build
and demand is low. cause now got limit. meaning rich dont buy , poor cant buy also

so how??

dunno????

Isn’t entry home ownership is now at 250k-350k range ie the like of RUMAWIP, SAMM series?

I don't see why, if one have their priorities and expectation set right can be detered from their purchase

This post has been edited by jojolicia: Jan 19 2024, 12:10 PM

i dont think so le, nowadays most modern condos are already like at least 700k if mau those 1k sf kind + decent location

studio still workable but you need at least 400-500k even unless rumahwip kind

for an avg joe assuming earn 4-5k its too damn tight ed unless sacri lifestyle

Unlikely because it'll affect the ruling government's vote count in the upcoming GE

correct people who suggest this probably never own a house b4, they are just some poor kid jealous people got house from FAMA.

imaging this

you got 3 kids, you buy 3 landed houses at cheap cheap 200K per unit 35yrs ago. Finally you die early now 6 feet under, you somehow manage to work your ass hard enough to fully paid all 3 houses. At least you thought your kids dont have to worry about house, thats was the plan.... but...if got new inheritance tax.

Your kids fresh grat baru keluar kerja, house is 2m. 5% means need to come up RM100k cash to inherit the house they are currently staying. fuuh

all 3 of them have to sell the house they are staying, then downgrade to smaller house.

Sad case. But don't be surprise we have to help our kids also for downpayment in the future.

by that time... u dah mampos so cannot feel anything dah...
your kids... gets free money... getting free 2mil or free 1.9mil... still free what... better teach them be thanful and syukur dah la.

yes correct, however those are now beginning to become studio units <500sf kind

so its a good makeshift home for 2 but one will def need more space when starting up family. the inescapable cycle