But owning a decent home is a basic necessity, a key for the B40 to upgrade. This housing conundrum has been particularly stark in recent years.
For instance, those in the middle-income group, who earn between RM3,900 and RM8,350 monthly, cannot afford a landed property in urban areas, such as Kuala Lumpur, which are priced between RM800,000 and RM1 million.As a result, owning a house for some is no longer a life-long ambition. And what of their parents? They spent much of their adult life on housing — installments and renovations.
Why not emulate China’s rent-to-own scheme — the government takes over the unsold properties from the developers, identify households needing homes and devises a rent-to-own mechanism for such households? Look at what the various income groups can afford based on their income — for example, about RM118,000 a unit for the B40, or RM230,000 for the M40 and RM400,000 for the T20.
We let income stagnate when everything else grew and grew. We priced ourselves out of real estate
Govt allowed such housing policies
Too many bastards in the real estate industry
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