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 Malaysian millennials give up on home ownership

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KenM
post Jan 19 2024, 03:23 PM

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QUOTE(kerolzarmyfanboy @ Jan 19 2024, 01:51 PM)
sembang **** that mujaheed... sure I could get the rm300k unit from the affordable housing programs like Rumawip/PR1MA/etc.. but most of the projects are not located in fairly strategic locations (like far away from schools, markets, LRTs, etc)

but in all honesty, i'm just not brave enough to take away 50% of my current income just to pay off commitments.. 35-year long commitment at that
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we average joe, all had similar thoughts before our commitment… so long as all home payments ( loan, utilities, maintenance,?minor expenses) do not cross 50% of your net income, it’s doable…

admittedly first two years a bit stressful, after that it’s just a norm that you will get used to

 

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