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 Malaysian millennials give up on home ownership

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tometoto
post Jan 19 2024, 03:32 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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this is 200% true... most people at age 50 and above owe 3-5 properties.
even a single (not marriage one) baby boomer owing 3-4 properties...this was base on true story people around me.
Boldnut
post Jan 19 2024, 03:37 PM

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QUOTE(xiaojohn @ Jan 19 2024, 03:30 PM)
Beware their quality….
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long time contractor, he is not gonna screw me over for this. This is why make fren with contractor is best.

besides I VIP, I am allow to pay after build. brows.gif

h@ksam
post Jan 19 2024, 03:37 PM

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QUOTE(xiaojohn @ Jan 19 2024, 03:26 PM)
Don’t play play la…later developers stop work and terus lari you baru tau…our country already very poor….not affordable to have property market gembar bumi
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actually those landed properties when they deserted attract rats, mosquitoes and roaches, maybe even bangala curi sleep there
submergedx
post Jan 19 2024, 03:38 PM

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Dont blame. Let's work hard Millennial. Someday these boomers going to die and one day you'll own your first house.

Cheers.
tometoto
post Jan 19 2024, 03:42 PM

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QUOTE(@@@@@@@@@@ @ Jan 19 2024, 10:20 AM)
Or force everyone to put at least 50% down payment.
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50 to little make it 80 percent that reasonable..
Bananahead
post Jan 19 2024, 03:44 PM

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QUOTE(krishtiano86 @ Jan 19 2024, 10:09 AM)
Lol true that, my father in law itself has 7.
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Itself eh? What is he? Some kinda slug?
tometoto
post Jan 19 2024, 03:45 PM

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QUOTE(submergedx @ Jan 19 2024, 03:38 PM)
Dont blame. Let's work hard Millennial. Someday these boomers going to die and one day you'll own your first house.

Cheers.
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yes everybody can die if they don't die until age 100, which makes them more money-hungry how...?
soul78
post Jan 19 2024, 03:45 PM

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QUOTE(xiaojohn @ Jan 19 2024, 03:27 PM)
Worst is the rental don’t even able to cover your cost…lol
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then we increase rental lor...
Bananahead
post Jan 19 2024, 03:46 PM

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QUOTE(tometoto @ Jan 19 2024, 03:32 PM)
this is 200% true... most people at age 50 and above owe 3-5 properties.
even a single (not marriage one) baby boomer owing 3-4 properties...this was base on true story people around me.
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Then those millennials should blame their parents for not owning any to pass down to them.
dudester
post Jan 19 2024, 03:48 PM

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Ktards kids already provided have house and car, no need to own.
SUSxiaojohn
post Jan 19 2024, 03:52 PM

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QUOTE(Boldnut @ Jan 19 2024, 03:37 PM)
long time contractor, he is not gonna screw me over for this. This is why make fren with contractor is best.

besides I VIP, I am allow to pay after build. brows.gif
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haha...

none of uncle friend will do like you...

we will source another contractor to do the job...so that we can pinpoint at no hesitate...

also, we are willing to pay higher a lot to see how they work...

we normally will not put all the egg into one basket...

if the boss pannai....then uncle will make one new friend...


SUSxiaojohn
post Jan 19 2024, 03:53 PM

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QUOTE(soul78 @ Jan 19 2024, 03:45 PM)
then we increase rental lor...
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you can try....

this sentence only make sense in singapore...

hahaha
zenix
post Jan 19 2024, 03:54 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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local and foreign ones
boomers all buying alot of cheap residential properties then rent out for cashflow stream
pipedream
post Jan 19 2024, 03:55 PM

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As usual sarahan Millienials when millienials has to deal with rising inflation caused by the boomers

Boomers also paid 200k for one property while millennials gotta pay 400k for similar property all the while suffering from rising cost, shitty public transport that requires car ownership

But as usual millennials are lazy and don’t want to buy house kek
SUSxiaojohn
post Jan 19 2024, 03:55 PM

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QUOTE(h@ksam @ Jan 19 2024, 03:37 PM)
actually those landed properties when they deserted attract rats, mosquitoes and roaches, maybe even bangala curi sleep there
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it is not about rats, mosquitoes and croaches....all these will be taken care by KKM
also not about Bangla....these will be take care by immigration and police...

it is about LC/VP....it is about money...

bodo kau
Lesane
post Jan 19 2024, 03:56 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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Not so easy. Construction industry will died if you bring such limitation.

Construction is major economy driver
SUSskyblu3
post Jan 19 2024, 03:57 PM

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QUOTE(HikayatSalju @ Jan 19 2024, 10:05 AM)

A total of 2,523 respondents aged 25 to 45 in Kuala Lumpur, Selangor and Putrajaya with individual monthly income of RM4,360 to RM9,620 were interviewed in the study aimed at identifying this group’s financial level, in terms of their ability to save, invest as well as their financial liabilities.

He said that out of the total, 1,697 respondents or 67.3 per cent were committed to monthly car instalments of between RM800 and RM1,200.

“For them, owning a car is a benchmark of their success in life. Ironically, some of them take the public transport to work and leave their car at home,” he told Bernama recently.

Besides that, Mohammad Mujaheed said the study also shows that 1,833 respondents or 72.7 per cent have credit card commitments with at least two banks.

“Having a credit card is a ‘responsibility’ for the younger generation as an alternative for them to have regular access to credit and as cash advance.

https://www.malaymail.com/news/malaysia/202...of-reach/113296
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biggrin.gif
pandam muka if until that age still cannot have own house.
Lesane
post Jan 19 2024, 03:58 PM

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QUOTE(krishtiano86 @ Jan 19 2024, 10:17 AM)
I'm very sure she doesn't declare all this income. LHDN weak in this area.
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may be she does declare but there is always a way to reduce the tax.
Ivan113
post Jan 19 2024, 03:59 PM

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Millennial gave up owning home? lol, data where? how many millennial out of how many? Wait till you see Gen Z
sadlyfalways
post Jan 19 2024, 03:59 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.
*
Rich will just but it under a different family member’s name.

If you actually look into our rich, all have really expensive homes overseas and locally in different names

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