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Malaysian millennials give up on home ownership
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SUSskyblu3
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 Jan 19 2024, 03:57 PM
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Getting Started
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QUOTE(HikayatSalju @ Jan 19 2024, 10:05 AM) A total of 2,523 respondents aged 25 to 45 in Kuala Lumpur, Selangor and Putrajaya with individual monthly income of RM4,360 to RM9,620 were interviewed in the study aimed at identifying this group’s financial level, in terms of their ability to save, invest as well as their financial liabilities.
He said that out of the total, 1,697 respondents or 67.3 per cent were committed to monthly car instalments of between RM800 and RM1,200.
“For them, owning a car is a benchmark of their success in life. Ironically, some of them take the public transport to work and leave their car at home,” he told Bernama recently.
Besides that, Mohammad Mujaheed said the study also shows that 1,833 respondents or 72.7 per cent have credit card commitments with at least two banks.
“Having a credit card is a ‘responsibility’ for the younger generation as an alternative for them to have regular access to credit and as cash advance.
https://www.malaymail.com/news/malaysia/202...of-reach/113296  pandam muka if until that age still cannot have own house. |
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SUSskyblu3
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Jan 19 2024, 04:00 PM
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Getting Started
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QUOTE(Slowpokeking @ Jan 19 2024, 10:19 AM) Should impose heavy tax for people that own multiple properties. why? we work hard for it. many of us don't drive fancy cars or new cars. but have multiple properties. |
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SUSskyblu3
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Jan 19 2024, 04:01 PM
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Getting Started
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QUOTE(Unifi agent - YC @ Jan 19 2024, 10:20 AM) This Dr makes it sound like it is so easy for most millennial to buy overpriced house nowadays but easy for millenials to buy overpriced cars , coffee, handphone, etc. where as buying home is always put to the lowest priority. |
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SUSskyblu3
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Jan 19 2024, 04:05 PM
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Getting Started
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QUOTE(xiaojohn @ Jan 19 2024, 04:04 PM) uncle see a lot of successful business man are not coming rich by saving... it is their idea, their innovation, and their value behind their work... if Mark Zukerberg follow our way to study hard and get a job....then buy property etc... he will never build his Meta empire he will everyday think about property and how to buy a property do you understand? no |
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SUSskyblu3
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Jan 19 2024, 04:10 PM
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Getting Started
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QUOTE(CoffeeDude @ Jan 19 2024, 04:06 PM) Fuyoh rich man spotted ☝️ you more rich. Got multiple condominiums in KL renting out to expats. drive fancy cars - Aston Martin, Ferrari , and recently bought a Porche Macan as a daily drive to your company stay in a Villa size house, siap dengan mini home cinema room powered by Yamaha Dolby Atmos sound system with twin 15" SVS subwoofers , movies projected via a laser 8K projector. And just bought an Amazfit watch everyday run 10KM, big boss so free nothing to do everyday go running. |
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SUSskyblu3
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Jan 19 2024, 04:12 PM
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Getting Started
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QUOTE(Boldnut @ Jan 19 2024, 04:10 PM) so how many weekend/weekdays house you got? weekend balik landed house to relax & rest. weekdays stay near workplace for work?  renting out to college students |
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SUSskyblu3
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Jan 19 2024, 04:15 PM
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Getting Started
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QUOTE(CoffeeDude @ Jan 19 2024, 04:04 PM) LOL not surprising to see this all swipe first. use future money first they say. head not so big, but want to wear a size XL hat. this is the problem. |
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SUSskyblu3
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Jan 19 2024, 04:19 PM
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Getting Started
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QUOTE(Boldnut @ Jan 19 2024, 04:18 PM) how is that a problem? We love these kind of people. every time people buy luxury item to show off, I just two thumb up and congrats them with a big smile.  you work in bank is it? |
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SUSskyblu3
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Jan 20 2024, 08:19 PM
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Getting Started
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QUOTE(Lembu Goreng @ Jan 20 2024, 08:13 PM) Yup I bought for my 2 kids already, they are 2 & 4 yrs old Can I be your khai son ? No need big house. Small 600sft apartment I happy. |
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