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  1. I

    Housing Affordability for GEN Y

    Yep. Say a 350k mortgage now might well be seen as tiny in 25 years time, when average salaries are sitting at 300k. Or maybe not. 50k now is a whole lot less money now in terms of wages than 50k 20 years ago. Look at the average multiple of income for an average mortgage for a...
  2. I

    Housing Affordability for GEN Y

    There is truth for every generation. This whole myth that you can pigeonhole a whole generation by some pathetic little cliche is truly feeble minded.
  3. I

    Housing Affordability for GEN Y

    Friday night. Last night was dinner at my uncle's place. Chicken just about to go in as well. Do dinner for tonight, 2 nights of lemon chicken pasta plus tones for stock. Hope that helps.
  4. I

    Housing Affordability for GEN Y

    I think that is an excellent point. I didn't finish uni until I was 23. But that was a 5 year degree (undergrad plus post grad). I'm perfectly happy with where I am sitting, and knowing that I will be purchasing my first residence in my early 30s. It doesn't phase me in the slightest...
  5. I

    Housing Affordability for GEN Y

    I must have better taste in friends then :D I'm 28. Part owner of a business. Bought 2 investment properties and then sold them to do a rezoning and 30 lot subdivision on a large parcel of vacant land. The constant language of "gen y does this" and "gen y are so self entitled" and "baby...
  6. I

    Housing Affordability for GEN Y

    No. My circle of friends and business acquaintances aren't a bunch of self-entitled whingers. Some are buying, some are not buying. None of them, well, ok, one of them, are whingeing.
  7. I

    Housing Affordability for GEN Y

    A few factors 1) Price. It just takes a bit longer to save 2) Dealing settling down (in terms of long term partnerships). The property market has increased the average price from 3x average wage to a bit under 6x average wage, as both people in a relation ship tend to work. If you are single...
  8. I

    Housing Affordability for GEN Y

    Most of my friends have either a) Bought a house/actively searching b) renting with friends to save more money c) At uni doing a MA while working full time so renting d) Investing heavily in other areas and renting (that would be me) e) Renting and spending money on other things but not...
  9. I

    Housing Affordability for GEN Y

    Oh, so your narrow social circle defines a whole generation then?
  10. I

    Housing Affordability for GEN Y

    I've missed them. Obviously. Unless you are talking about kilts :p
  11. I

    Housing Affordability for GEN Y

    What absolute nonsense. Pathetic generalisations and misguided assumptions.
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