It really bugs me listening to boomers who got houses for cheap telling the younger generations to just work harder and save more. The real problem is escalating prices caused by lack of supply and a drastic increase in housing as an investment both from locals and foreigners. Governments are filled with old dudes who own investment properties and they do not have the guts to make any changes to help first time home buyers get into the market.
Also the avocado argument is complete crap. For example if I wanted to buy a house in Sydney I could get into the bottom of the market in an condo or small house in the suburbs for maybe $600k if I was lucky. Needing 10% for a deposit and having to pay 10% tax that means I need to save $120k. If I cut out one $20 avo on toast each week it would take me 115 years to save that deposit. If I cut out one $20 avo and four $5 coffees I could cut that down to 58 years. Sure I could cut other things such as netflix and travel however I still want to do more with my life then sit around doing nothing while saving for a home.
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The masses of humanity have always had to surf.
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