BFM 89.9

Podcast  >  Bigger Picture  >  Beyond The Ballot Box  >  ThinkLeft #3: Why Can’t We Afford to Buy Houses Anymore?

ThinkLeft #3: Why Can’t We Afford to Buy Houses Anymore?

Sivarajan Arumugam, Secretary-General, Parti Sosialis Malaysia

09-Jun-22 15:00

ThinkLeft #3: Why Can’t We Afford to Buy Houses Anymore?

There was a time where working a regular 9-5 job would enable you to buy a house (at the very least a single storey landed property) and raise some kids in it, if you so desire. After all, that’s what Baby Boomers and Gen Xs did. Unfortunately, that is not the case for most millennials today, not unless they’ve inherited some family wealth. You constantly hear about the average Malaysian, even degree holders, not being able to afford adequate housing, despite it being a basic necessity – a human right. One would think that the demand is so high and the supply is so low. But this isn’t the case in Malaysia -- there are new developments every day, you drive around neighbourhoods and see empty houses and luxurious condos, and yet, nobody can afford them. So, what went wrong? And how do we fix it?


Image credit: Shutterstock

Produced by: Dashran Yohan

Presented by: Dashran Yohan


Download the BFM mobile app. Stay at home and stay up-to-date.

Tags:  HDB Flatsmalaysian politicspoliticshousing crisisaffordable housingppr flatscapitalismsocialismGovernment/Regulatory/Policy MakingProperty, Real Estate, ConstructionPolitics, News, Current AffairsPropertypoliticsgovernmentproperty


Share this podcast




Play / Pause

Listen now : Tech Talk: Welson Ang, Founder, ExpressPrint

Today’s Shows



6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

7:15 AM

Morning Brief

8:00 AM

The Breakfast Grille

Andrew Yap, Co-Founder & Managing Director of BookXcess

8:30 AM

Morning Brief

9:00 AM

Opening Bell

9:35 AM

Ringgit & Sense

10:05 AM

Open For Business

Chong Nge Seng and Brian Jeevan, co-owners of Piccoli Lotti

11:05 AM

Tech Talk

Welson Ang, Founder, ExpressPrint

12:00 PM

Enterprise Biz Bytes

Sheila Singam, managing partner at Human Equation

1:00 PM

The Breakfast Grille Repeat

Andrew Yap, Co-Founder & Managing Director of BookXcess

2:05 PM

Live & Learn

Out of the Box #8: Shari Tishman on Slow Looking & Project Zero

3:05 PM

Beyond the Ballot Box

tbc

4:05 PM

Health & Living

Para Athletes: Victories and Injuries

5:00 PM

The Evening Edition

5:35 PM

Today On Twitter

6:05 PM

Inside Story

7:05 PM

The Evening Edition

7:35 PM

Popcorn Culture - Supercut

Darkness on Screen

9:00 PM

I Love KL

10:00 PM

Back To Back