Baby boomers paid tax while they worked and now get a pension card, a big tax free house in the inner ring, and a pension, or part government funded pension.
You keep bangin' on about these inner ring houses like they should be freely available and cheap to the masses.
Don't forget the rates on those babies these days too...ouch.
They were at the end of civilisation back in those days - not inner ring at all. They were "cheaper" then in dollar terms, but not more affordable for the folk of the times.
Two examples;
1. my Grandmother ran a boarding house on Princes Highway (Dandenong road) down near the Caulfield station. It was near the tram track going into the City, but was - in those days - an outer suburb. She was a stay at home mum and my GF was a train driver - not high income earners at all; just hard workers and good with dollars.
Now that house is worth almost $2 mill, and it is the sort of house that if it was at the end of civilsation now it would be someone's McMansion (it was a guesthouse; so quite a decent size) - either a second PPoR or a very good first PPoR.
But, no-one wants to live out at the end of civilisation these days - it's not the BB's fault the current FHB's have that mindset.
2. My Auntie lived in a new tract home out in Burwood - again; end of civilsation back then, down a dirt road at the end of the Burwood Hwy tram line. Now Burwood is middle ring; very nice second PPoR's and very good first PPoR's.
If you look at those two houses now as a FHB, you would be seething because they are unaffordable to most of them, and they bleat it's not fair.
It's not the BB's fault the population tripled or whatever, forcing folk further and further out from the CBD.
It's supply and demand, and the more close in areas will always be more sought after.
What's with the gripe over the pension too?
You'll probably get it when you retire; it will probably still be around - but why would you even want it?
It's pathetic, and anyone who has one is not living like Bill Gates, despite what type of house they live in. My In-laws own their own house and a factory, and still get the pension. But they don't live the life of Reilly, I can assure you.
Get over it (the pension) and forget it's there.
There will always be some folk in various generations who will get stuff that other generations didn't. I never got a FHOG, or any "Plasma" handouts, etc....big deal.
You are sounding like the kid who got less presents at Xmas than your brother.
Gen x's pay tax, pay super, and may or may not get a pension when they retire.
Their Employer pays their super for them....
BB's didn't have Employer Super Guarantee.
Oh yeah; it's going up by .25% in July.
Another friggin' cost I'll have to wear. Good on ya, Gubb and Unions. Happy Days.
Now let's talk whinging.