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I don't go to concerts because they are too expensive AND I still cannot afford to buy a house.

The point is that you probably purchased it at a low price and struggled because you had a low income, due to your own mistakes. The simple fact is that house price growth has way out paced wage growth making it harder and more expensive to purchase today.

Exactly, and the majority of aussies are made to feel grateful for earning that. Sure, the elite earn more and good on them, but that doesn't change the fact that a lot earn a lot less. Unless you want to pull the "screw them" line, then what is the point of discussion economics if we only talk...

Yet again, they chose to have kids they could not afford and then they actually had to wash and cook and clean for them ? We don't call that doing it tough these days. We call it taking responsibility for your own actions. Baby boomer mindset is obvious in you Wylie..

No one is gobsmacked these days.

Income has grown slower than house prices.

I find that funny. While the 90s were pretty tight I found that as a kid I was able to get most of everything that I needed. Things were cheap too. Less congested, less crowded and buying a t-shirt didn't cost $50. I got my first job in 1998 paying $4 an hour and thought I was the richest kid...

That'd explain it, the 90s was a backwater caused by the excess of mostly the 80s but also the 60s and 70s to a lesser extent. Sure, there were minor recessions in there, but the difference is they were reported back then where recessions are not reported now due to different measures of what...

They drank beer, went to concerts, had pre-marital sex and worked at Coles or drove taxis in jobs which paid the equivelant of what an engineer might get paid today. You've been listening to too many somersoft lies. My Dads weekly wage would pay an entire months rent on a house. Mum said...

You do know rates are going up ? Prices will come down at least a bit and unemployment will increase if there are huge cuts to the budget in may ? Right ?

As a general rule, boomers do not know the meaning of sacrifice, they have had everything given to them their entire lives. That is why what they think is sacrifice they talk about so encouragingly. The fact is a low wage in boomer times if probably equivelant to 100k today in purchasing power...

The idea is to get 3 jobs to pay off an unaffordable mortgage so that a baby boomer who bought it for 1/10th of the price can get rich. Then prices WILL crash, the baby boomer will have SOME exposure but will buy the properties up cheap and probably take yours off your hands for 60% of what you...

Yes tooth paste is a real luxury.

b.c it is only indexed at cpi the discount is only 10% now if u get it at all

Yeah........ which is about the extra income gone.

Because unlike most people on somersoft I can do mathematics and have considered the financial implications of decisions. I'm not just ranting on about the amazing growth of the past decade. VY it is called a HECs debt and you pay a flat percentage of total income. It works out to be about...

You are trying to win an argument. I'm talking about reality. That house, is fine if you are an investor who wants to take a risk. As a first PPOR you'd have to be stupid. I'm also a little flattered. No one has ever called me "sweet cheecks" before. You keep those compliments coming.

If you buy that x-govie and live in it for 3 years without modifying the property beyond repairing it I'll be convinced that my ways are errenous.

Don't need to get a second job. I prefer to study and work and move towards a good salary. I did the sums in my head and I decided I was better off concentrating on improving my job rather than getting a second one. I discussed it with my old man and he agreed. I'd keep about 50% of what I...

Please listen to yourself, then have a look at that property. This is almost comical.