The Federation of Malaysian Consumer Associations (FOMCA) has proposed a dedicated housing bank to help young people save for home purchases. The plan ensures they accumulate at least 20% savings. Experts urge wage reforms, citing unstable jobs and low salaries as major obstacles to homeownership.
Regulating house prices better for youth rather than debt encouragement – netizen
An X user says that regulating house prices is better than encouraging the youth to be in debt just to be able to have a roof over their head. The user claims that house prices are unaffordable for most locals as the price is too high for them while their salaries are too low.
Another suggested that having a rent control scheme is more advisable as some prices are unbelievable for many. They suggested that a price regulation is recommended for future development.
Follow us on:
Read More News at #latestmalaysia #BusinessNews and #WorldFuture
