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 Malaysian millennials give up on home ownership

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bashlyner
post Jan 19 2024, 10:20 AM

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No worry developer will chop down 1000sqf apartment to become 2x500sqf studio and sell for $400k many millennial who has no plan to have children will BBB UUU
bashlyner
post Jan 19 2024, 11:23 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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Boomers - I am not greedy I just want to pass down my 20 properties to next generation
Next generation aka millennials - Daddy akan kasi I rather spend my $$$ on Starbuck or Iphone or travel.
Boomers - Millennials are strawberry just want YOLO and tongkat ranting.gif

This post has been edited by bashlyner: Jan 19 2024, 11:24 AM
bashlyner
post Jan 19 2024, 12:22 PM

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QUOTE(HikayatSalju @ Jan 19 2024, 11:58 AM)
These prices are in line with overall inflation. Like saying McDonald's menu twenty years ago how much now price how much. How can expect McDonald's menu price increase but house price cannot?
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Yeap house prices are actually in line with inflation, but the income of most millennials aren't. So boomer hogging up properties causing millennials to give up and spend their money on YOLO stuff = more inflation = even harder for millennial to own property without FOMO support.


bashlyner
post Jan 19 2024, 12:32 PM

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QUOTE(Zer0 c00L @ Jan 19 2024, 12:23 PM)
its not really, you have options, even at the lower end, there are affordable ones and even the secondary market has good value buys

its just mostly i find

1. people want to live at a brand new landed next to KLCC (exaggerating of course) at 200k
2. refuse to sacrifice subscriptions or lifestyle choices to save up to even be able to have options in the secondary market
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One thing that we can blame government is the failed civil planning causing most white collar jobs to concentrate around KL City Center and with bad road & public transport planning most people would want to stay as close to city center as possible.
bashlyner
post Jan 19 2024, 01:28 PM

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QUOTE(hteekay @ Jan 19 2024, 01:18 PM)
what are you smoking?
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He could mean the old PJ landed house could drop in market price because it's too expensive to renovate >20 years old house. Would rather spend 800k on a 900sqft condo than an old landed house because you'll need another 200-300k to renovate it.

 

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