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 Malaysian millennials give up on home ownership

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Natsukashii
post Jan 19 2024, 10:48 AM

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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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Actually from last time they should have implemented that


marfccy
post Jan 19 2024, 10:48 AM

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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 just this, but more on the developers getting more greedy + profit minded

nowadays fucking studio <500sf already RM1k per sf. go eat shit and die la
@@@@@@@@@@
post Jan 19 2024, 10:49 AM

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Force 50% down payment + maximum 15 years loan. See will crash or not.
likefunyouare
post Jan 19 2024, 10:49 AM

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QUOTE(smsid @ Jan 19 2024, 10:32 AM)
Not a commie, it is a simple way to fix greedy people who want easy money by hogging all properties.

Did I step on someone's toe? Hahaha.
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Easy?

If so easy why cant everyone own many properties?


This post has been edited by likefunyouare: Jan 19 2024, 10:49 AM
diffyhelman2
post Jan 19 2024, 10:50 AM

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QUOTE(Boldnut @ Jan 19 2024, 10:31 AM)
the point I am trying to make is those parties ie. developer,cement,sand,steel maker are responsible for high housing price.

you can go try to build your house at cost price, you will find yourself these guys are the ones earning biggest bucks in the entire food chain.
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Land cost increase much more than the building materials or labor. Look at the psf price of land compared to before and compare the increase. Ofc I’m ltalking about high house prices areas like kv and Penang.

user posted image

This post has been edited by diffyhelman2: Jan 19 2024, 10:54 AM
jojolicia
post Jan 19 2024, 10:51 AM

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In short, that's the lifestyle. No wrong.

1)car
2)credit card
3)rent, why buy
4)travel
hoonanoo
post Jan 19 2024, 10:51 AM

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QUOTE(likefunyouare @ Jan 19 2024, 10:13 AM)
Send thoe house hoarders to old folks home
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house hoarders kena dementia, all properties pass down to their kids
mushigen
post Jan 19 2024, 10:52 AM

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QUOTE(Zaryl @ Jan 19 2024, 10:13 AM)
Limit max to 2 houses is okay already.

But boomers buy lot of houses nowadays ARE to provide for their children ahead in future though.
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Why max 2? Because you have 2?

Should limit to one as you only need one house.
pgsiemkia
post Jan 19 2024, 10:53 AM

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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.
*
Jeles unker work hard? Support family, send kids to univ, buy a few houses then lazy millennials bitch pulak. Less time on socmed, holidays, concerts and bullshit lattes, see how much you can save. Condos, apt these days no need dep to own, just keep monthly payments cukup, buy affordable cars not civics or bmws.


hteekay
post Jan 19 2024, 10:55 AM

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If studio apartment didn't costs over RM100k, I'd buy one by now...
Farking stupid shit costs almost RM200k
diffyhelman2
post Jan 19 2024, 10:56 AM

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QUOTE(mushigen @ Jan 19 2024, 10:52 AM)
Why max 2? Because you have 2?

Should limit to one as you only need one house.
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You forget he is from the group that legally can have four wives. Need separate households to keep the peace
smsid
post Jan 19 2024, 10:57 AM

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QUOTE(likefunyouare @ Jan 19 2024, 10:49 AM)
Easy?

If so easy why cant everyone own many properties?
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because it is limited in quantity, that's why it is a hot commodity.

You can't just simply buy a house like buying a car, car is mobile.
ctys2012
post Jan 19 2024, 10:57 AM

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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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house buyers need to fix their low income 1st, save a alot 1st.... no use if they push out all these initiatives but their income still do not qualify for it
JonSpark
post Jan 19 2024, 10:57 AM

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Aww kecian
swanlover
post Jan 19 2024, 10:59 AM

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Bolehland millennials are heading into Korea/japan, seems to accept fate they work til die also cannot afford a prop anymore…hence , f it, spend first before mati….lolx
Boldnut
post Jan 19 2024, 11:00 AM

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QUOTE(diffyhelman2 @ Jan 19 2024, 10:50 AM)
Land cost increase much more than the building materials or labor. Look at the psf price of land compared to before and compare the increase. Ofc I’m ltalking about high house prices areas like kv and Penang.

user posted image
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We cannot manufacture land. This is why it will get even more expensive than building material.

So I have not see a system that punish wasteful use of land implemented yet.

our cukai tanah 10 units of bungalow still much cheaper than entire block of condo that use the same amount of land area.


IMO, cukai tanah should have been only base on land area.

smokey
post Jan 19 2024, 11:01 AM

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But developers keep launching new dev with unattainable prices
Fresh grad after deducting basic necessity expenses cant even save much money..even buying PPR need to save money for downpayment and lawyer fees

So how?
SUSdattebayo
post Jan 19 2024, 11:03 AM

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actually how hard is it to afford a rm400-500k apartment
monthly just ~rm2.3k can split among 2 person


ry8128
post Jan 19 2024, 11:03 AM

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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.
*
Like strike eureka la, so far owning 11 properties in kl and every month just collect rent as passive income while he lepak at port cheong vietmoi everyday.

This kind of ppl make us cant afford a house ranting.gif
ShadowR1
post Jan 19 2024, 11:04 AM

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While at setting the max property one can have, set max ceiling salary to 2k per month as well la rclxm9.gif

Those high paying job hording all the ringgit laugh.gif

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