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 Malaysian millennials give up on home ownership

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submergedx
post 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
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average joe has average living lifestyle
A condo with 700k+ is not average joe living lifestyle
JimbeamofNRT
post 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
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+1
studio u stay alone can lar. but until when one wanna be a slave staying in so called affordable RM450K 550sqft pigeonhole?
submergedx
post 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?
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wei that is almost 1kpsf, mana affordable ranting.gif ranting.gif ranting.gif ranting.gif
ts1
post 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.
JimbeamofNRT
post Jan 19 2024, 02:39 PM

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QUOTE(submergedx @ Jan 19 2024, 02:35 PM)
wei that is almost 1kpsf, mana affordable  ranting.gif  ranting.gif  ranting.gif  ranting.gif
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actually many pricing now lagi gila than that. 600 sqft pigeonhole asking for rm500K+, not even in the middle of jalan ampang pun ranting.gif

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
submergedx
post 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  ranting.gif

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
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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 laugh.gif laugh.gif laugh.gif laugh.gif
kerolzarmyfanboy
post 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
JimbeamofNRT
post Jan 19 2024, 02:52 PM

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QUOTE(submergedx @ Jan 19 2024, 02:49 PM)
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  laugh.gif  laugh.gif  laugh.gif  laugh.gif
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if u got that much money to do loan, might be as well buy a better unit with more rooms

emburrar
post Jan 19 2024, 02:53 PM

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Rent je la
Johannlo
post Jan 19 2024, 02:53 PM

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QUOTE(xiaojohn @ Jan 19 2024, 12:34 PM)
haha....you will die faster
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Is it. What’s your alternative view on this then
submergedx
post 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
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Cheap and Strategic locations(expensive) are not equal, choose one.
msacras
post 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.
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Nah, they’ll just register a company and park all those properties under the company.
JimbeamofNRT
post 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.
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user posted image

this is madness I tell you. studio 600 sqft + also I pening already

imagine 2 rooms house with the size of 668 sqft rclxub.gif rclxub.gif rclxub.gif
submergedx
post 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
msacras
post 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.
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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?
JimbeamofNRT
post 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.
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for that, kasi slap extra tax of 50%, sure bring money to the gomen

IB4 gomen also developers ( sime darby, anyone? )
Skylinestar
post 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?
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why foreveralone need >500sqft?
JimbeamofNRT
post Jan 19 2024, 03:02 PM

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QUOTE(Skylinestar @ Jan 19 2024, 03:01 PM)
why foreveralone need >500sqft?
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foreveralone=basement size room=studio?
msacras
post 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.  sweat.gif
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.
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Meanwhile just last week got news ppl get robbed and raped cause using public transport.
kerolzarmyfanboy
post 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.
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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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