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 Malaysian millennials give up on home ownership

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vhs
post Jan 19 2024, 09:39 PM

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QUOTE(smsid @ Jan 19 2024, 09:25 PM)
I said, "limit how many properties a person", it is PLURAL, and A person, means if spouse, each can have properties under their own name or under children name.

Ofc it will not be done spontaneous, it will be done gradually, by few decades if need to, but need to stop them from acquiring any future development project that cost under 1 million, perhaps?
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It is easy for government to implement housing scheme to encourage one person one house. The real problem is developers won't like it because how to earn big money like Li Ka Sing otherwise? Developers want scarcity so that they can sell more and more expensive house at smaller and smaller size. That's how tons loads of money is made. devil.gif
vhs
post Jan 19 2024, 09:54 PM

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QUOTE(smsid @ Jan 19 2024, 09:47 PM)
Correct me if I'm wrong, Lawyers has to do some pro bono once a while right in the US? Is it the same here as in US?

Maybe same concept but for developers they can't make insane profit, once a while they need to create affordable housing to give back some to society.

Meaning the profit is not high compared to their other projects.

Just my random thought...
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The requirement on private housing developers to build at least 30 per cent of affordable housing in mega housing projects has been imposed since 1981. But many people complain they cannot get house. Why that happens no one know.

What is the definition of "afforable housing"? 100K or less? 300K or less?

Who bought up those 30%? The developers only need to ensure 30% are created but there is no requirements on qualifying buyers?
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