As much as how most of us refuse to think ‘money is everything’, it is somewhat important and necessary. For couples and families, most of the time having adequate income is ranked the highest priority. Because in order to even have a place to live, you need money to pay the rent/buy a house. In order to satisfy the occupants of your home, you have to at least have something to eat, a place to lie down and rest and a space to spend time with the family.
I understand the economy of Malaysia is very worrying, especially for the younger generations that have high hopes and expectations. University graduates have this impression that ‘yes, a degree entitles me a job with good pay’. Sadly kids, no, it’s not really that. Competition is very high and because of stagnant to dropping economy conditions of Malaysia, high salary comes with fierce and tight competition. It is worsened by favouritism culture of some Malaysians — choosing ‘friendship and family’ over deserved individuals.
While some Malaysians think this is a MALAYSIAN problem, it is definitely not. For instance, the spiking price of housing in Malaysia. It is not just us, people. The world have this problem as well. The housing in Sydney and Melbourne are in the list of 10 least affordable cities, alongside with Hong Kong, San Fransisco as well as London. According to the article I’m referring to (the link at the end of this rambling), The median house price in Sydney jumped from $393,500 in 2002 to $760,000 as of June 2014.
Some of my friends said — okay apa, gaji orang dia tinggi, tak macam Malaysia.
Friends, even when their minimum wage is way higher than us, ‘rakyat biasa’ like us can’t afford to buy a home.
Don’t get me started with the cheap cars they sell here.
One interesting difference is, lack of house supply is linked to the increasing house prices. In a glance, I feel Malaysia in never lack of house supply, there is always new development and housing areas opened. The only problem is having groups or individuals that own 50 houses and rent them out because ‘it’s good business’.
So where do we go from here? First of, it is not fair to directly compare Malaysia with other countries as the variables is significantly different. What we can do is take the good and the bad and try find ways to improve ourselves.
Bitching about it won’t help. Sharing about it may help. Pointing fingers never help.