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 Malaysian millennials give up on home ownership

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SUSskyblu3
post Jan 19 2024, 04:00 PM

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QUOTE(Slowpokeking @ Jan 19 2024, 10:19 AM)
Should impose heavy tax for people that own multiple properties.
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why?

we work hard for it.
many of us don't drive fancy cars or new cars. but have multiple properties.



SUSskyblu3
post Jan 19 2024, 04:01 PM

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QUOTE(Unifi agent - YC @ Jan 19 2024, 10:20 AM)
This Dr makes it sound like it is so easy for most millennial to buy overpriced house nowadays


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but easy for millenials to buy overpriced cars , coffee, handphone, etc.

where as buying home is always put to the lowest priority.



SUSxiaojohn
post Jan 19 2024, 04:02 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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don't always take advantage on other people...
you need to be fair and treat other people fair...

saving that little money cannot make you become top 10 rich in malaysia
SUSxiaojohn
post Jan 19 2024, 04:04 PM

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QUOTE(skyblu3 @ Jan 19 2024, 04:01 PM)
but easy for millenials to buy overpriced cars , coffee, handphone, etc.

where as buying home is always put to the lowest priority.
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uncle see a lot of successful business man are not coming rich by saving...

it is their idea, their innovation, and their value behind their work...

if Mark Zukerberg follow our way to study hard and get a job....then buy property etc... he will never build his Meta empire

he will everyday think about property and how to buy a property

do you understand?
B0ss_ku
post Jan 19 2024, 04:04 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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Only limit on developers build property

You can't stop people building their own houses
CoffeeDude
post Jan 19 2024, 04:04 PM

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QUOTE
the majority of youth who were declared bankrupt in the country was due to credit card debts.

SUSskyblu3
post Jan 19 2024, 04:05 PM

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QUOTE(xiaojohn @ Jan 19 2024, 04:04 PM)
uncle see a lot of successful business man are not coming rich by saving...

it is their idea, their innovation, and their value behind their work...

if Mark Zukerberg follow our way to study hard and get a job....then buy property etc... he will never build his Meta empire

he will everyday think about property and how to buy a property

do you understand?
*
no



CoffeeDude
post Jan 19 2024, 04:06 PM

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QUOTE(skyblu3 @ Jan 19 2024, 04:00 PM)
why?

we work hard for it.
many of us don't drive fancy cars or new cars.  but have multiple properties.
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Fuyoh rich man spotted ☝️
SUSskyblu3
post Jan 19 2024, 04:10 PM

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QUOTE(CoffeeDude @ Jan 19 2024, 04:06 PM)
Fuyoh rich man spotted ☝️
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you more rich. Got multiple condominiums in KL renting out to expats.

drive fancy cars - Aston Martin, Ferrari , and recently bought a Porche Macan as a daily drive to your company

stay in a Villa size house, siap dengan mini home cinema room powered by Yamaha Dolby Atmos sound system with twin 15" SVS subwoofers , movies projected via a laser 8K projector.

And just bought an Amazfit watch everyday run 10KM, big boss so free nothing to do everyday go running.


Boldnut
post Jan 19 2024, 04:10 PM

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QUOTE(skyblu3 @ Jan 19 2024, 04:00 PM)
why?

we work hard for it.
many of us don't drive fancy cars or new cars.  but have multiple properties.
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so how many weekend/weekdays house you got?

weekend balik landed house to relax & rest.
weekdays stay near workplace for work? brows.gif
BL98
post Jan 19 2024, 04:10 PM

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QUOTE(Boldnut @ Jan 19 2024, 10:36 AM)
1 unit of shop these days is 2million easily. And it is not like developer will build them anymore. They just spam building condo kao kao because it earn a lot more.

Good luck buying shoplot
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That's why shoplot is better, because supply is less.
Everywhere also building new condo, too much supply.
SUSskyblu3
post Jan 19 2024, 04:12 PM

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QUOTE(Boldnut @ Jan 19 2024, 04:10 PM)
so how many weekend/weekdays house you got?

weekend balik landed house to relax & rest.
weekdays stay near workplace for work?  brows.gif
*
renting out to college students brows.gif
ShadowR1
post Jan 19 2024, 04:13 PM

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QUOTE(xiaojohn @ Jan 19 2024, 04:04 PM)
uncle see a lot of successful business man are not coming rich by saving...

it is their idea, their innovation, and their value behind their work...

if Mark Zukerberg follow our way to study hard and get a job....then buy property etc... he will never build his Meta empire

he will everyday think about property and how to buy a property

do you understand?
*
There can be only a handful of MZ in this world but a lot more that can have have multiple property.

I know Im not a MZ so I buy more property.

This post has been edited by ShadowR1: Jan 19 2024, 04:13 PM
SUSskyblu3
post Jan 19 2024, 04:15 PM

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QUOTE(CoffeeDude @ Jan 19 2024, 04:04 PM)
[b][/b]
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LOL
not surprising to see this
all swipe first. use future money first they say.

head not so big, but want to wear a size XL hat.
this is the problem.


hollyweed
post Jan 19 2024, 04:17 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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my mom did this to all of my siblings..
but 1 person only get 1 property each.
Basically the best is just rent it out to get passive income without wasting any effort & time.
Boldnut
post Jan 19 2024, 04:18 PM

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QUOTE(skyblu3 @ Jan 19 2024, 04:15 PM)
LOL
not surprising to see this
all swipe first.  use future money first they say.

head not so big, but want to wear a size XL hat.
this is the problem.
*

how is that a problem?

We love these kind of people. brows.gif

every time people buy luxury item to show off, I just two thumb up and congrats them with a big smile. thumbup.gif
FappyBird
post Jan 19 2024, 04:19 PM

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QUOTE(Unifi agent - YC @ Jan 19 2024, 10:20 AM)
This Dr makes it sound like it is so easy for most millennial to buy overpriced house nowadays

Life is not only about getting a house, paying half or most of your monthly net income for over 35 years, and just die

Unless it is your dream house to settle down and you are really ready to commit, don't buy and just rent.

Don't listen to these boomer "experts" and get pressured into buying a property. They will never see things from millennials' POV because they are already established.
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True la, for my case I sell bkt here and while most times the old folks here just tell me to buy a house or a shop...I'm not gonna stay here and sell rm13 bkt forever, that's a garbage level of price considering some ulu place like kinta sungkai or bidor also priced higher, many customers also told me how mine tasted better and cheaper too...once I have enough exp and money I'll leave for better place.

U know this area? Not much entertainment outlets or facilities nor government offices but a proton hq on a deeper part of the suburbs then a UPSI with majority muslims...I just dun see much prospects as a bkt seller. The shops here those old ones and not even facing main roads costs almost 400k and those single storey terraces old ones 250k+ new ones almost 300k...mahai can't imagine working 35 years of life just to pay off the loans in this kind-of-a-shithole
acbc
post Jan 19 2024, 04:19 PM

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Commercial property is easier to kick lousy tenants out too. Laws do not protect commercial tenants, unlike properties with residential titles.
SUSskyblu3
post Jan 19 2024, 04:19 PM

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QUOTE(Boldnut @ Jan 19 2024, 04:18 PM)
how is that a problem?

We love these kind of people.  brows.gif

every time people buy luxury item to show off, I just two thumb up and congrats them with a big smile. thumbup.gif
*
you work in bank is it? biggrin.gif
darkterror15
post Jan 19 2024, 04:21 PM

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thats why ppl laugh at china housing market collapse but didnt know why the reason their government let it collapse.

youngster now if no own house dont want breed. especially chinese. 0.7 to 0.8 fertility rate for chinese malaysian

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