Sep 7 2025, 01:56 PM
QUOTE(LDP @ Sep 7 2025, 09:36 AM)
Lets assume a DSL at PJ selling for 100K back then in the 80s....
Gaji back then 1000 - 1200 a month...Lets say 1000 a month, a year is 12K...Lets assume thats the gross income for a year...
A normal makan gaji person (not even senior executive or manager) can easily settle paying for that house within 8 - 9 years (100K/12K), stretching it to 10 years...
Today, DSL at PJ selling 1.0M or more. I round it up to 1M to simplify my calculation.
Gaji sekarang lets say on average 5K a month. In a year, 60K gross income.
Take 1M/60K = 17 years, stretching to 20 years....easily...
Its not becoming affordable like it was, hence middle class getting squeezed out ....A place can only prosper when there is a large middle class community.
I know my maths above is not perfect (a lot of ppl will come and tembak me coz I didnt include this and that like gaji fresh grad sudah 4K so 5K so low, gaji sure naik mana ada static with 5K, why no downpayment, why parents never help to pay and blar blar blar) but I am just proving my point that its no longer affordable for younger gen to own a landed in PJ...
Your point is spot on, landed house in prime PJ is no longer a starter home category vs 30years ago. I am not sure why the younger gen keep using landed home prices in PJ, Bangsar，Damansara etc as benchmark for their salary. Gaji back then 1000 - 1200 a month...Lets say 1000 a month, a year is 12K...Lets assume thats the gross income for a year...
A normal makan gaji person (not even senior executive or manager) can easily settle paying for that house within 8 - 9 years (100K/12K), stretching it to 10 years...
Today, DSL at PJ selling 1.0M or more. I round it up to 1M to simplify my calculation.
Gaji sekarang lets say on average 5K a month. In a year, 60K gross income.
Take 1M/60K = 17 years, stretching to 20 years....easily...
Its not becoming affordable like it was, hence middle class getting squeezed out ....A place can only prosper when there is a large middle class community.
I know my maths above is not perfect (a lot of ppl will come and tembak me coz I didnt include this and that like gaji fresh grad sudah 4K so 5K so low, gaji sure naik mana ada static with 5K, why no downpayment, why parents never help to pay and blar blar blar) but I am just proving my point that its no longer affordable for younger gen to own a landed in PJ...
The prices will not crash down anyway as any weaknesses in prices will be quickly taken up home buyers.
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