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 Malaysian millennials give up on home ownership

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McDullDull
post Jan 19 2024, 11:04 AM

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How bout Inheritance Tax?
Why aren't we doing that ya?
Randomization
post Jan 19 2024, 11:05 AM

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Why buy properties when not going to have kids.

Nobody to inherit.

KEK
kelvinng92
post Jan 19 2024, 11:05 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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no knowledge on this, just curious how you change/move house with only 1 name (due to 1 house limit)? let say the person want to move somewhere better
ShadowR1
post Jan 19 2024, 11:06 AM

Im still HeRe ...
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QUOTE(diffyhelman2 @ Jan 19 2024, 10:56 AM)
You forget he is from the group that legally can have four wives. Need separate households to keep the peace
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Then should be 4, satu rumah letak satu ... happi family.
hteekay
post Jan 19 2024, 11:07 AM

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QUOTE(Randomization @ Jan 19 2024, 11:05 AM)
Why buy properties when not going to have kids.

Nobody to inherit.

KEK
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So you can sell it off and get more money in 10 years time.. provided if Malaysia's economy manage to get out of this shithole situation right now
SUSdattebayo
post Jan 19 2024, 11:07 AM

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QUOTE(smokey @ Jan 19 2024, 11:01 AM)
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?
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you see in those first world western countries,

even Switzerland has less than 50% home ownership, they too have troubles accumulating DP and loan eligibility; while US has lots of homeless street crawlers

inb4 Sean Tan aka iHerng says Malaysia is the only country in the world that has zero DP with cashback, one can buy 2 props with 90% loan

apa lagi cino mau
gamehype
post Jan 19 2024, 11:08 AM

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QUOTE(imin @ Jan 19 2024, 10:26 AM)
This. I don't know why it seems all gomen doesn't matter from which party cannot do this.
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Because all the politicians and the people inside government are the one who owns multiple property. Where will they limit their own property one.

B40 and M40 can go mampus
Skylinestar
post Jan 19 2024, 11:14 AM

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"A house is an asset with its value appreciating every year."

This statement is so wrong.
Boldnut
post Jan 19 2024, 11:16 AM

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QUOTE(McDullDull @ Jan 19 2024, 11:04 AM)
How bout Inheritance Tax?
Why aren't we doing that ya?
*

you mean I work my ass so hard for my whole life, just so my kids got better life

you come in tell me to share my wealth even tho I already pay tax?

F of man, that is evil even M40 will against this policy.

SUSM4A1
post Jan 19 2024, 11:17 AM

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good

keep rent from me
Red_rustyjelly
post Jan 19 2024, 11:18 AM

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when I was late 20s, my dream of buying a home shattered when I read a lot about inflation. With a yearly 4-5% increase, the property price will also increase.

So I quit my job and worked hard on projects and now have my own business. Some of my staff who I coached also can afford a house now in their early 30s.

is just how u want to fight for it. blaming inflation, and spending too much on lifestyle is not always the solution. period.
SUSM4A1
post Jan 19 2024, 11:18 AM

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QUOTE(McDullDull @ Jan 19 2024, 11:04 AM)
How bout Inheritance Tax?
Why aren't we doing that ya?
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ur hardwork sudah kena INCOME TAX

so ur saving from ur hardwork kena tax lagi? laugh.gif
Mixo Mania
post Jan 19 2024, 11:19 AM

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When boomers hog all the properties in hope of making a profit, what they’re essentially doing is taking money from the future generations. They believe future generation will die die need a property.

Now millennials don’t want to subject their children to the same fate as them, thus refuse to raise a family and the next generations which suppose to support the boomer property price.
Etude8891
post Jan 19 2024, 11:19 AM

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Kecian, already strawberry snowflake now no home ownership summore.
DupeIkan
post Jan 19 2024, 11:20 AM

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QUOTE(Raddus @ Jan 19 2024, 10:46 AM)
No reason to buy house when my dad already buy one for me
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must be nice to be daddykasi
SUSBlackscreamerz
post Jan 19 2024, 11:20 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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Most logical solution.

It is time for gov to rethink space as a limited resource too.

Food, water, space is part of the future security.

Do the Singapore HDB style.
Seawater
post Jan 19 2024, 11:20 AM

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This post has been edited by Seawater: Jan 19 2024, 11:21 AM
Etude8891
post Jan 19 2024, 11:20 AM

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QUOTE(Mixo Mania @ Jan 19 2024, 11:19 AM)
When boomers hog all the properties in hope of making a profit, what they’re essentially doing is taking money from the future generations. They believe future generation will die die need a property.

Now millennials don’t want to subject their children to the same fate as them, thus refuse to raise a family and the next generations which suppose to support the boomer property price.
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Means human ending soon? 😄

This post has been edited by Etude8891: Jan 19 2024, 11:20 AM
SinzChan
post Jan 19 2024, 11:20 AM

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QUOTE(emino @ Jan 19 2024, 10:14 AM)
Gaji 4k car 800. Genius.

Meanwhile aku my motor 4k sekali bayar and my house 800+ je monthly.
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apa problem, i gaji 3k car installment 950, janji bergaya la woi
Red_rustyjelly
post Jan 19 2024, 11:21 AM

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QUOTE(Boldnut @ Jan 19 2024, 11:16 AM)
you mean I work my ass so hard for my whole life, just so my kids got better life

you come in tell me to share my wealth even tho I already pay tax?

F of man, that is evil even M40 will against this policy.
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US and Aussie is practicing this.

but, u can turn the property into trust, do some paper work, and pass to kids after number of years. 0 tax.


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