Quote:
Originally Posted by casstony
Furthermore, you are deprived of retirement income because the 'have everything now' generation needs low interest rates to afford the loans for their overpriced and oversized new houses - all orchestrated by the politicians and bankers via supply of cheap money.
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When I see statements like this on this site it immediately highlights the age difference between me and probably the majority of the community. I am 26 years old, I went to university after school and am in a modest paying job. If I choose to own a modest house for say $300000 my weekly repayments will be 70% of my wage. This house will be so far from my workplace that petrol will probably cost me the other 30% and that is before I pay any bills, registration, insurance, or eat anything. I don't deny that it was hard for your generation, but please don't belittle me into believing that I have it so easy.