Quote:
Originally Posted by Peter.M
I will not turn this into a fight over who had it harder, but to say that you have a 75k investment vs a 300k investment is silly. Your house value now is the number we should be comparing, unless your saying that you bought a property for 75 grand and it has not appreciated in any way.
I am not arguing that we have it good, because we do. But participating in this community it seems like some older generations would rather just tell me how easy my lazy, freeloading generation have it to make themselves feel better.
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Yes, my house value now would be an appropriate measure IF I earned the same then, as you do now. The only real way to measure this is house price as a percentage of take home pay.
Back in 1987 our house price was about 5 times our combined take home pay, unless you take home less than $60k, you are actually better off.
I was about to do a comparison, but as has already been pointed out there is no relation to the NBN, so I will stop at this.
Cheers
Stuart