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Malaysian millennials give up on home ownership
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submergedx
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Jan 19 2024, 02:32 PM
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QUOTE(marfccy @ Jan 19 2024, 11:55 AM) 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 average joe has average living lifestyle A condo with 700k+ is not average joe living lifestyle
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JimbeamofNRT
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Jan 19 2024, 02:33 PM
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QUOTE(submergedx @ Jan 19 2024, 02:32 PM) average joe has average living lifestyle A condo with 700k+ is not average joe living lifestyle +1 studio u stay alone can lar. but until when one wanna be a slave staying in so called affordable RM450K 550sqft pigeonhole?
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submergedx
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Jan 19 2024, 02:35 PM
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QUOTE(JimbeamofNRT @ Jan 19 2024, 02:33 PM) +1 studio u stay alone can lar. but until when one wanna be a slave staying in so called affordable RM450K 550sqft pigeonhole? wei that is almost 1kpsf, mana affordable
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ts1
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Jan 19 2024, 02:38 PM
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blame the property price but didnt blame the overall economy and salary scale. ask those unable buy hse b40 go spore buang sampah immediately afford to buy hse.
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JimbeamofNRT
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Jan 19 2024, 02:39 PM
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QUOTE(submergedx @ Jan 19 2024, 02:35 PM) actually many pricing now lagi gila than that. 600 sqft pigeonhole asking for rm500K+, not even in the middle of jalan ampang pun all these are just fake demand/supply shit hyped by devs whatever lah I tell you. devs make smaller studio with insane price tag hoping that waterfish will buy 900/1000 sqft with 2-3 rooms at inflated price of rm700K and above then janji the moon the star sure got ppl rent at rm2K-rm2.5K for 600 sqft pigeonhole This post has been edited by JimbeamofNRT: Jan 19 2024, 02:40 PM
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submergedx
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Jan 19 2024, 02:49 PM
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QUOTE(JimbeamofNRT @ Jan 19 2024, 02:39 PM) actually many pricing now lagi gila than that. 600 sqft pigeonhole asking for rm500K+, not even in the middle of jalan ampang pun all these are just fake demand/supply shit hyped by devs whatever lah I tell you. devs make smaller studio with insane price tag hoping that waterfish will buy 900/1000 sqft with 2-3 rooms at inflated price of rm700K and above then janji the moon the star sure got ppl rent at rm2K-rm2.5K for 600 sqft pigeonhole True, even DPC Noora also building 600sqft now Although their strategy targeting young, Noora for sure not for average joe, more like T20 young Joe
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kerolzarmyfanboy
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Jan 19 2024, 02:51 PM
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sembang **** that mujaheed... sure I could get the rm300k unit from the affordable housing programs like Rumawip/PR1MA/etc.. but most of the projects are not located in fairly strategic locations (like far away from schools, markets, LRTs, etc)
but in all honesty, i'm just not brave enough to take away 50% of my current income just to pay off commitments.. 35-year long commitment at that
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JimbeamofNRT
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Jan 19 2024, 02:52 PM
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QUOTE(submergedx @ Jan 19 2024, 02:49 PM) if u got that much money to do loan, might be as well buy a better unit with more rooms
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emburrar
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Jan 19 2024, 02:53 PM
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New Member
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Rent je la
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Johannlo
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Jan 19 2024, 02:53 PM
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QUOTE(xiaojohn @ Jan 19 2024, 12:34 PM) haha....you will die faster Is it. What’s your alternative view on this then
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submergedx
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Jan 19 2024, 02:54 PM
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QUOTE(kerolzarmyfanboy @ Jan 19 2024, 02:51 PM) sembang **** that mujaheed... sure I could get the rm300k unit from the affordable housing programs like Rumawip/PR1MA/etc.. but most of the projects are not located in fairly strategic locations (like far away from schools, markets, LRTs, etc) but in all honesty, i'm just not brave enough to take away 50% of my current income just to pay off commitments.. 35-year long commitment at that Cheap and Strategic locations(expensive) are not equal, choose one.
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msacras
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Jan 19 2024, 02:56 PM
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QUOTE(smsid @ Jan 19 2024, 10:07 AM) You limit how many properties a person can have, will automatically fix the problem. Baby boomers owning too much properties. Nah, they’ll just register a company and park all those properties under the company.
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JimbeamofNRT
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Jan 19 2024, 02:56 PM
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QUOTE(submergedx @ Jan 19 2024, 02:54 PM) Cheap and Strategic locations(expensive) are not equal, choose one.  this is madness I tell you. studio 600 sqft + also I pening already imagine 2 rooms house with the size of 668 sqft
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submergedx
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Jan 19 2024, 02:57 PM
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The actual solutions is always encourage the young to earn more.
Invest in themselves, create more value, bring more oppportunities to the table.
That's how you millennial own your house.
This post has been edited by submergedx: Jan 19 2024, 02:58 PM
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msacras
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Jan 19 2024, 02:59 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. You want to point the gun, go blame gomen too. Gomen agencies and service providers like IWK etc are charging quite heftily to get approval and system installed, you expect developers to bear those cost sukati?
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JimbeamofNRT
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Jan 19 2024, 03:00 PM
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QUOTE(msacras @ Jan 19 2024, 02:56 PM) Nah, they’ll just register a company and park all those properties under the company. for that, kasi slap extra tax of 50%, sure bring money to the gomen IB4 gomen also developers ( sime darby, anyone? )
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Skylinestar
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Jan 19 2024, 03:01 PM
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QUOTE(JimbeamofNRT @ Jan 19 2024, 02:33 PM) +1 studio u stay alone can lar. but until when one wanna be a slave staying in so called affordable RM450K 550sqft pigeonhole? why foreveralone need >500sqft?
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JimbeamofNRT
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Jan 19 2024, 03:02 PM
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QUOTE(Skylinestar @ Jan 19 2024, 03:01 PM) why foreveralone need >500sqft? foreveralone=basement size room=studio?
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msacras
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Jan 19 2024, 03:03 PM
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QUOTE(kelvinng92 @ Jan 19 2024, 10:42 AM) Am I the only one think this part is a good direction? Of course not the part buy car as successful benchmark. Utilise public transport if able to, and car use for trips / weekend / place that hardly accessible / emergency, usually trip/weekend will be car pool instead of 1 people in a car. Meanwhile just last week got news ppl get robbed and raped cause using public transport.
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kerolzarmyfanboy
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Jan 19 2024, 03:04 PM
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QUOTE(submergedx @ Jan 19 2024, 02:54 PM) Cheap and Strategic locations(expensive) are not equal, choose one. for normal, private housings, sure but considering it's a social housing program/schemes, shouldn't the location be more accessible to those facilities? at least that's how japan did it for their social housing programs
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