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 Malaysian millennials give up on home ownership

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SUSxiaojohn
post Jan 19 2024, 04:59 PM

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QUOTE(ShadowR1 @ Jan 19 2024, 04:13 PM)
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.
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You should look around the youngster how they make money
Slowpokeking
post Jan 19 2024, 05:04 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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Hoarding is bad.

Just like we have laws that prevent people from hoarding necessities like rice, sugar etc etc. there should be laws that prevent people from hoarding properties.
SUSxiaojohn
post Jan 19 2024, 05:13 PM

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QUOTE(Slowpokeking @ Jan 19 2024, 05:04 PM)
Hoarding is bad.

Just like we have laws that prevent people from hoarding necessities like rice, sugar etc etc. there should be laws that prevent people from hoarding properties.
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WTF…that is different la..
ShadowR1
post Jan 19 2024, 05:18 PM

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QUOTE(xiaojohn @ Jan 19 2024, 04:59 PM)
You should look around the youngster how they make money
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It what you say is true then "millennials give up on home ownership" is fake new lo.
teslaman
post Jan 19 2024, 05:20 PM

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QUOTE(cursetheroad01 @ Jan 19 2024, 10:10 AM)
Or better, tax them kau kau, and then give back as subsidy for first time buyers.
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why give money freely to the poors ?
Unifi agent - YC
post Jan 19 2024, 05:24 PM

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QUOTE(teslaman @ Jan 19 2024, 05:20 PM)
why give money freely to the poors ?
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exactly, always this mindset, everything subsidy.

always want to take from others.

ZforZebra
post Jan 19 2024, 05:25 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 the most viable solution.
Flippers will inflict fear that property market will die cause of this.

But no gomen will have the balls to implement this.
Unifi agent - YC
post Jan 19 2024, 05:26 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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I mean, everyone has their own choice; let them pick their priority la thumbup.gif

as long as they are self-sufficient
bigwolf
post Jan 19 2024, 05:50 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?
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You don't need to be a mark zukerberg or bill gates business empire level to be considered rich. Plenty of reasonably well off ppl saved their way to where they are. Something which millenials/ gen z don't seem to understand

This post has been edited by bigwolf: Jan 19 2024, 05:57 PM
bigwolf
post Jan 19 2024, 05:54 PM

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QUOTE(Slowpokeking @ Jan 19 2024, 05:04 PM)
Hoarding is bad.

Just like we have laws that prevent people from hoarding necessities like rice, sugar etc etc. there should be laws that prevent people from hoarding properties.
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The fact that we have surplus unsold properties showed that hoarding is not the issue with our property market. It's the price itself

This post has been edited by bigwolf: Jan 19 2024, 05:55 PM
cursetheroad01
post Jan 19 2024, 05:55 PM

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QUOTE(teslaman @ Jan 19 2024, 05:20 PM)
why give money freely to the poors ?
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Because they will spend it back to the rich
First time into capitalism?
Mixo Mania
post Jan 19 2024, 06:10 PM

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QUOTE(submergedx @ Jan 19 2024, 02:57 PM)
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.
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Boomers can afford their own house, and what they do? They start speculating on property and thus getting more income not by creating value but by hogging limited resources and transferring the burden of value creation to the next gen.

This post has been edited by Mixo Mania: Jan 19 2024, 06:11 PM
mambangafro
post Jan 19 2024, 06:11 PM

ME IS KUDA PING :3
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Understandable
iammasivers
post Jan 19 2024, 06:24 PM

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As a millenial, I regret buying a house. So many headaches. The taxes, maintenance, repair. My emergency fund also need to increase to take into account my house upkeep. Previously i have 3 months emergency fund saved up. Now only 1 month after buying house to take into account house expenses
h@ksam
post Jan 19 2024, 08:00 PM

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QUOTE(xiaojohn @ Jan 19 2024, 03:55 PM)
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
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can KKM enter private property without owner's consent??

owner overseas how?
teslaman
post Jan 19 2024, 08:19 PM

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QUOTE(Unifi agent - YC @ Jan 19 2024, 05:24 PM)
exactly, always this mindset, everything subsidy.

always want to take from others.
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those tax payers also deserve benefit from what they’re paying.

QUOTE(cursetheroad01 @ Jan 19 2024, 05:55 PM)
Because they will spend it back to the rich
First time into capitalism?
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yes if this continue, we shall continue lawball salary and charge more to the poors as well, they deserve as they getting subsidy aids.
Shanks747
post Jan 19 2024, 08:22 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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Boomers : what ? I want keep my 30 properties for my children and thier grand children and thier great grand children. who are you ?

party
post Jan 19 2024, 08:27 PM

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QUOTE(keybearer @ Jan 19 2024, 10:12 AM)
Got me thinking though, I don't think I see much of gov. incentives / home ownership campaign / affordable housing program under Madani. Not the focus anymore because of supply overhang & subsale depreciation?
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Madani dun care u homeless.

U see penang u know d.
jojolicia
post Jan 19 2024, 08:28 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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Isn't the current national affordable housing policy good enough?

This post has been edited by jojolicia: Jan 19 2024, 11:02 PM
bukankhadam
post Jan 19 2024, 08:30 PM

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make 200sqft 'house' sell 200k
ramai beli nanti, confirm.
kek

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