Quote:
Originally Posted by xelasnave
Buying a house has never been easy.
These days first home buyers seem to expect to start at the top well it has never worked like that.
These days finance is easy to get once that was not the case. I agree that subsidies for housing only assist vendors and should be avoided but they are adopted as they are a certain vote getter.
Housing, like our education is one of the best exports we have...
Alex
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Buying a house has never been easier? Try chasing a deposit that grows by the same ratio as house prices each year.
Even at the high interest rates of the 90s, buyers now spend more on their home loans because of the bigger principles and loan to income ratios.
No first home buyer wants to start at the top of the market. That’s a generalisation. People just want to live close to where they work, not 2hr commutes each way.
That’s not a life
Plus the general attitude (not aimed at you, Alex, just a comment a I read what other older generations say) of “it was worse back in my day, don’t ask for something better” is something that we need to let go of quickly. Every generation needs to leave the world in a better place for those coming after. Why people would wish their own previous hardships on future generations is puzzling
If housing is an export, that’s pretty sad