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

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

Facts. But you'll see many even here in /k cannot accept it. Help has always been there- RUMAWIP la, PRIMA la, Rumah Selangor Ku la, MyHome la etc. But nooooo this cannot that cannot, want nice want posh want cheap n quality, like pay RM10 but expect full course dinner at Le Gavroche

This post has been edited by bigwolf: Jan 19 2024, 10:34 PM

We're talking about home ownership or leasehold expiry here? If everything also scared leasehold expiry or building mgmt then no need buy homes lor.

If you can't afford that landed property then start off with something cheaper and slowly build from there la.

When I first started out, I bought a crappy 850sf apartment for RM115k, that was me n wifey first home. We saved as much as possible minimizing on spending useless stuff like starbucks, posh dinners, expensive holidays etc to maximize the repayment, and also utilized epf acct-B further reduce the loan. 10 years later the apartment was fully paid off (loan tenure was 25 years) and we were able to sell it off and used the proceeds to buy our dream landed property. Bear in mind I wasn't even drawing RM5k salary at that time.

Point here is, your first house may not necessary be your permanent home, but at least get something that belongs to YOU no matter how crappy it is. That's because the monthly installments goes to YOUR own property rather than renting and paying for SOMEONE ELSE'S home installment. Then you can consider upgrading when your financials are better. Even if worst case scenario you're stuck and unable to progress much in your career and salary, at the very least you still have your OWN roof over your head.

It very much depends on your mindset and how you plan for your finances, not just whining about location la, quality la, maintenance issues la or leasing expiry la or limiting ownership (I thought we not communists?)