BUDGET 2023, at least the one laid out by Tengku Zafrul is one of the laziest, I'ev ever seen and when it comes to house ownership for the B40 and B20 group, it looks more like a pie in the sky type of dream. READ : Govt allocates RM3 billion for housing scheme
What's wrong and what's rightBut when asked how about something to eatThey will answer in voices so sweet:
You will eat, bye and byeIn that glorious land above the skyWork and pray, live on hayYou'll get pie in the sky when you die.
TAKE for instance the RM3 billion allocated for the Housing Credit Guarantee Scheme (HCGC) to help GIG workers and those without a pay slip to own a home under RM400,000. VIEW : The Housing scheme in question.
THREE Billion is a lot of money so let's get cracking. Assuming bachelor X takes a RM300,000 over over 30 years at an average interest rate of six percent, the B40 X will need to pay monthly repayment RM1,798 and at the end of the loan period, X would have paid a total of RM647,514.
HOW many SANE people expect B40 X will be able to pay above the minimum wage and more than 100 per cent the actual home price?
