Your Investment Property forum is the place for positive industry interaction and welcomes your professional and informed opinion.

'Generation selfish' have themselves to blame for property woes

Notify me of new replies via email
Your Investment Property | 27 Jul 2016, 03:00 AM Agree 0
Those complaining about real estate prices in Sydney are likely young people who are too “selfish” to make lifestyle changes necessary
  • Steve | 27 Jul 2016, 03:01 PM Agree 0
    This is certainly part of the problem, there is no denying however, that the effort required to save a deposit due to the price of homes is much greater than it used to be in past generations.

    Do the math, average home @80% needs a $200k deposit...
  • Marty | 28 Jul 2016, 07:57 AM Agree 0
    I'm a property investor, but it is a bit rich calling people who are unwilling to downgrade their expectations form what previous generations had, or uproot their lives and move to a different city 'selfish', particularly on a website aimed at property investors, who are, by default, in property to make money.

    The median income to average house price ratio is multiples of what it was 20,30, 40 years ago. It's a lot easier to pay down a mortgage at 17% interest on a house 2x your income with income growth of 14% than pay interest of 5% on 10x your income with 1% income growth.
Post a reply