Tag: could we still afford a property in future

Anyone has this thought on their mind? What happens when property prices become higher than ‘severely unaffordable?’ Basic idea is that when the median property price is 5.1 times the median household income, it becomes ‘severely unaffordable.’ Calculation as follows: Median Income per year (RM100,000) x 3 = RM300,000 (This is affordable but usually not…