Chinese Lantern (Photo credit: Ulrich Thumult)
I really am, you know, having a sort of envy how the Chinese developers make tones of money at the expense of the majority of young urban Chinese who have been crushed like an orange for the juice.
Buying a house is a damned tough decision financially and looking for an alternative place to live in while working in the city is now becoming erratic. Many are happy to settle living in a rented room, sharing the whole house with friends, forgetting buying, or investing in a home in the city.
Many people said they were resilient. Now as it seems, their resilient too has a limit.
They become reckless, but as they are still young, living in a shared home is good enough. Those who were married however are on a different level. Sleeping in a room in a shared house for married couples is uninviting choice, by the local norm. They are urban married Chinese couples, and by their standard always a must have a house. It seems that this is no longer true.
Today’s top 50 rich and famous people in this country comprise mainly or majority Chinese, the same clans as the most urban Chinese. Moreover, many of them have a wide range of businesses from housing to telecommunication and all businesses.
A new place would cost something like RM700, 000, well above the affordable level of these Chinese blokes. In and around Damasara a similar house would cost something like RM1.4 million, double the amount of a house in a suburb, like Putra Jaya.
This hash housing market for some is a tiring business, they begin to alter fault in the government’s policy. However, the fact that, the developers who are mainly Chinese clans, with the help from their own representatives in the government have smart played the market for high earnings, thus many of whom are listed in the top 50 richest men in this country.
Why do I say smartly played the market?. By stressing in location, location, and location, and owning a large chunk of potential development land in the city, built houses on the land when demand is high, and always forgetting the low and middle-income group like the miserable young urban Chinese who were just starting work.
We don’t need to include other races in this equation due to the fact that they are a bit less superior than the Chinese, the one who normally live in high-rise flats and in the outskirt of the city.
The Malay and Indian have faced similar housing problem much earlier however developers in the last 10 years were requested to build low and medium cost housing in any development should they decided to launch, a policy that maintains to redress the housing shortage for the poor, like us. The current requirements are believed to scrap the need as most are constructed for the medium high-income group. Thus as a result pushes out the lower and middle-income group comprising the Chinese.
The frustration is high among this group who begins to reject the government policy involving housing for ordinary citizens, the voice sometimes looms in the social media, not only involving the outcry on the housing problem, high food price or cost of living but, on the religion issues too. Their switch of support from MCA to DAP represents their frustration over all these issues. MCA while in the government has enriched the top 50 richest men in this country, MCA loyalists, and supporters.
So, I believe MCA has done a lot of rubbish while it was in the government, but by switching support to DAP the young urban Chinese would be worse, unless the government role is in the hand of DAP, which is unlikely as at today’s politic.