Let us start with the definition of myth: (a) a widely held but false belief; and (b) an exaggeration or idealised conception of a thing.
The dominant narrative in the discourse on home ownership and affordability in Malaysia is best captured in this one-page highlight in the Bank Negara Malaysia Annual Report 2021 (see Chart 1). The data is from Bank Negara, the Department of Statistics Malaysia (DoSM) and the National Property Information Centre (Napic) of the Ministry of Finance.
