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 Malaysian millennials give up on home ownership

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SUSxiaojohn
post Jan 19 2024, 12:30 PM

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YOUNG? = then buy RumahVIP saja la...RM300k or less
empyreal
post Jan 19 2024, 12:31 PM

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QUOTE(M4A1 @ Jan 19 2024, 12:30 PM)
corp tax is company ma

not my hard earn salary ma
we macai only care TAKE HOME PAY / SALARY aje
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So what tax does the recipient of your inheritance pay?
SUSxiaojohn
post Jan 19 2024, 12:32 PM

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QUOTE(Boldnut @ Jan 19 2024, 10:14 AM)
as always... salah house buyers, not developers, not cement/steel/sand makers.

You go check how much steel/ sand price first. Those are unchecked inflation.

You cant even build a landed double storey house now with 200K even you are given land for free.
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uncle can tell all that the condo they build is not going to sell to young people....young people will opt for RUMAWIP etc...uncle already know it since Najib announce this affordable housing plan
RC1234
post Jan 19 2024, 12:32 PM

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buy a house - you are paying for the land, materials , builders , architect , agent , lawyer , bank , etc .
These people aint going to work for free.
Play around the equation , someone has to pay the price , house dont grow like trees.
On the bright side, rent is always a good option
bashlyner
post Jan 19 2024, 12:32 PM

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QUOTE(Zer0 c00L @ Jan 19 2024, 12:23 PM)
its not really, you have options, even at the lower end, there are affordable ones and even the secondary market has good value buys

its just mostly i find

1. people want to live at a brand new landed next to KLCC (exaggerating of course) at 200k
2. refuse to sacrifice subscriptions or lifestyle choices to save up to even be able to have options in the secondary market
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One thing that we can blame government is the failed civil planning causing most white collar jobs to concentrate around KL City Center and with bad road & public transport planning most people would want to stay as close to city center as possible.
SUSxiaojohn
post Jan 19 2024, 12:33 PM

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QUOTE(malz89 @ Jan 19 2024, 10:11 AM)
At least better than sg .. at least most of us can still afford a  house .. according to kexpert
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afford a house is not an issue....
afford to the long term maintenance is the real issue...
also afford to rebuild it after 60 years is another problems...

tkwmm
post Jan 19 2024, 12:34 PM

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QUOTE(malz89 @ Jan 19 2024, 10:11 AM)
At least better than sg .. at least most of us can still afford a  house .. according to kexpert
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In Singapore, you got a proper job, confirm you can get a house.

In Malaysia, you got a job, won't confirm get you a house.

A lot of my friend and my family member work in Singapore, they all agree this.
SUSxiaojohn
post Jan 19 2024, 12:34 PM

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QUOTE(Johannlo @ Jan 19 2024, 10:13 AM)
Buy shoplot, rent condo.
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haha....you will die faster
SUSxiaojohn
post Jan 19 2024, 12:35 PM

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QUOTE(emino @ Jan 19 2024, 10:14 AM)
Gaji 4k car 800. Genius.

Meanwhile aku my motor 4k sekali bayar and my house 800+ je monthly.
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why not? YOLO
danabu
post Jan 19 2024, 12:35 PM

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Financial planning and prioritisation is the key....
SUSxiaojohn
post Jan 19 2024, 12:36 PM

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QUOTE(Jigoku @ Jan 19 2024, 10:14 AM)
I know of a rich auntie, pass down by her parents of course.

18 property at town area where all she need is just collect rent every month and she is set for life.
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hopefully she have good planning to manage all these 18 property...not easy and it need a lot of cash to refurbish too
tkwmm
post Jan 19 2024, 12:36 PM

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QUOTE(RC1234 @ Jan 19 2024, 12:32 PM)
buy a house -  you are paying for the land, materials , builders , architect , agent , lawyer , bank , etc .
These people aint going to work for free.
Play around the equation , someone has to pay the price , house dont grow like trees.
On the bright side,  rent is always a good option
*
In certain area, Owner just transfer the cost to tenant, due to too much demand.
swanlover
post Jan 19 2024, 12:41 PM

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At rm7000 monthly, u can only buy highrise that sharing lift with bangla.. around KV..

Boomer keeps reminding newer gen to save to the bone..but we are in an era whereby eating out is a culture nowadays...

Even if millennials savor sikit once a while also tak cukup buy house..


lopo90
post Jan 19 2024, 12:41 PM

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QUOTE(jojolicia @ Jan 19 2024, 12:17 PM)
Your last para. In contrary, this will in turn make existing landed houses a gem.
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Is it? But how hmm.gif

Who's gonna buy up the freehold landed properties?
jojolicia
post Jan 19 2024, 12:41 PM

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QUOTE(emino @ Jan 19 2024, 10:14 AM)
Gaji 4k car 800. Genius.

Meanwhile aku my motor 4k sekali bayar and my house 800+ je monthly.
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This. Exactly what i meant by setting the priority right.
RC1234
post Jan 19 2024, 12:42 PM

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QUOTE(tkwmm @ Jan 19 2024, 12:36 PM)
In certain area, Owner just transfer the cost to tenant, due to too much demand.
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Yea prime location, everyone wants .
Zer0 c00L
post Jan 19 2024, 12:44 PM

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QUOTE(bashlyner @ Jan 19 2024, 12:32 PM)
One thing that we can blame government is the failed civil planning causing most white collar jobs to concentrate around KL City Center and with bad road & public transport planning most people would want to stay as close to city center as possible.
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This I agree

But the sacrifice and compromise point stands
marfccy
post Jan 19 2024, 12:45 PM

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QUOTE(Zer0 c00L @ Jan 19 2024, 12:23 PM)
its not really, you have options, even at the lower end, there are affordable ones and even the secondary market has good value buys

its just mostly i find

1. people want to live at a brand new landed next to KLCC (exaggerating of course) at 200k
2. refuse to sacrifice subscriptions or lifestyle choices to save up to even be able to have options in the secondary market
*
i dont disagree, but we all know theres alot more to picking a property than just seeing from pricing ultimately

like i have a friend who recently bought an affordable (for her) 2nd hand terrace house but because house is so old need spend more for reno, so stuff like this for me is no no despite how excellent the location is

both #1 and #2 part in general its stupid, when buying big commitment shit you gotta sacri something unless you are swimming in monies and see reality la
dps404
post Jan 19 2024, 12:46 PM

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QUOTE(marfccy @ Jan 19 2024, 11:57 AM)
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
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eh sure or not?

i just tekan rumawip website all newer project also 800 sqft for 300k

https://residensiwilayah.jwp.gov.my/
langstrasse
post Jan 19 2024, 12:49 PM

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QUOTE(Jigoku @ Jan 19 2024, 10:14 AM)
I know of a rich auntie, pass down by her parents of course.

18 property at town area where all she need is just collect rent every month and she is set for life.
*
This auntie single ka? biggrin.gif

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