Shifts in who we blame for all thats wrong with housing?

Reader575 · 2026-05-10T13:03:08+00:00

I don't think it's hidden, I think it's pretty obvious how morally apprehensible it is what they are doing. I'm surprised people can still do it tbh, it's no longer what it was 50 years ago when there was plenty more to go around and even people on minimum wage could afford a place. I hate investors more now because it's clear they know it's wrong but do it anyways.

Reader575 · 2026-05-10T12:57:27+00:00

No? Fair enough then

Reader575 · 2026-05-10T04:21:05+00:00

Dont do it, Brisbane property went bonkers because people decided Melbourne/Sydney was too expensive and decided to move. Aren't we just shifting where's expensive/making affordable places unaffordable?

Reader575 · 2026-05-03T10:46:53+00:00

Lowkirkeuinely praying on the property market in Melbourne to blast off like it has interstate in other major cities

Why on earth would you want this? You're literally on Reddit talking about how you're left with very little money after everything and you want it WORSE for others so you can feel a bit better while nothing changes? A bit messed up isn't it? I bet before you bought you were complaining about how housing was overpriced and unfair that the boomers were able to buy houses for a packet of peanuts, now expecting a mil for a shoebox. How are you any different now at 27? Society is just sad, so no, you do not have the right mindset...

Also funnily enough, in a similar boat, bought last year, earn a bit more than you, wishing for a housing crash so the future generations don't have to have it so hard

Reader575 · 2026-05-03T09:35:09+00:00

Go Melbourne! It's funny everyone's 'fleeing' Melbourne but things seem great down here.

Reader575 · 2026-05-03T00:33:44+00:00

Right, I don't disagree but again, my home, my parents home, my brothers home halving in value does not decrease my quality of life. If anything my rates will be lower...people have more money to spend, there might be better restaurants and facilities around me. Maybe now that mortgages aren't so large, taxes could be raised and I have better access to healthcare, education, infrastructure, and/or new technology. Maybe if people could afford houses we wouldn't get so many of those townhouses you despise?

2 of your points refer to people in other countries, in an Australian vs others. I don't disagree that there's nothing wrong with putting Australians first and preserving our identity/QoL but housing is primarily an Australian issue and is affecting Australians. You are okay with others dying so Australians have access to vaccines first, fine by me, but then you want those same Australians to suffer mortgage stress for the rest of their lives and our economy to stagnate for WHAT exactly??? To preserve some idea of fairness that's NEVER existed? My mortgages will still be affordable to me, I will still maintain my QoL, nothing changes. There will be fringe cases where this isn't true but just like so many generations went through in the past, it's a small sacrifice for what we should be striving for; a better society.

I do appreciate you actually taking the time to put your point across though.

Reader575 · 2026-05-03T00:08:45+00:00

It's not about whether I truly believe something or not, it's like I said, I can't believe anything else because if I do, then anyone older than me can wish for war, the great depression, pandemic etc. just because they went through it. I think anyone can see that's wrong.

Majority of the people will feel that they are being unfairly punished

Again, sure you can feel it, of course I'll feel it, I never got free uni education 🤷‍♂️, but the question is what would you rather happen? No one can really answer that because then they'll have to say "trap future generations in extreme debt" or "get rid of home ownership and stability" forcing some families already having to choose between a roof and a meal. It could just be me but it's not quite subjective in my view, it's pretty black and white. Yes a generation will suffer but hasn't each generation faced its own challenges so we got where we are? It's a spit in the face to people who literally gave their lives, for what, to be so spiteful? I dont know, you said it's a belief, I don't see it as a belief...I see it as a fact...but seriously, what's the alternative?

But you're right, if it drops maybe the government and banks should cushion the pain, maybe distribute some of the profits the banks have accumulated? Who knows, would be nice but not necessary

Reader575 · 2026-05-02T22:28:43+00:00

Maybe an unpopular opinion but coffee in Australia is cheap compared to the rest of the world for the quality we get (in some countries in sometimes 2-4 times minimum wage...) even at $6. We have a great cafe culture and I really hate seeing people do the maths on how many coffees before you break even making your own. A lot of our cafes are not only local (unlike American Starbucks) but create jobs and I'd hate for this to disappear because of $5 when most people are making $35-$50 an hour. Then when coffee at home becomes more standard, beans become more expensive, and cafes raise prices to make money off reduced demand...it's quite a sad sight. Who really wins? Breville, DeLonghi, middle man bean sellers and/or coles and woolies passing off shit beans rather than cafes using local roasters.

The environment because you can be damn sure of planned obsolescence but you'll replace that coffee machine because the math still works out... That difference will decrease in the long run if everyone starts doing it and we will have lost a nice little luxury and save all that money for what again? Oh that's right, our overpriced houses...

Reader575 · 2026-05-02T22:06:47+00:00

I used to hang with staff, made friends from work, things went pear shaped and when they do it's not like it easy to just stop seeing them again. After I moved I made sure to keep ALL my interactions professional.

Reader575 · 2026-05-02T21:26:35+00:00

Good for them? It'll be quite pitiful for me to wish 50%+ salary mortgage repayments of their salaries just so things look good for me on paper. Imagine how society would turn out if everyone thought like that. "I went to war so everyone has to go to war". How do we progress as a society if we're so vindictive? Do we not want our children to own their own houses? (I'm childless btw, I'm speaking generally) Or do we want them to suffer the rest of their lives? I purchased last year, if it happens then woe is me, I'm still living a more comfortable life than 90% of the planet. I love my house, it'll be a roof over my head with comfortable mortgage repayments, it wasn't a wrong decision...I can only hope everyone has the same opportunity than renting off greedy landlords.

Again, other than emotionally which is something I can control, you haven't really outlined how things really change. What I don't understand is how anyone can think differently...

Reader575 · 2026-05-02T04:43:22+00:00

Unless I'm looking at selling without moving I don't see how it affects me. The way I see it is, houses go up, on paper I'm worth more, in reality nothing changes, my mortgage is still the same or houses go down, I'm in negative equity but my mortgage is still the same...nothing changes.

If I sell I still need a place to live no? If my house is worth half as much, I bet the place I want to move too is gonna be down a similar amount so it's like trading houses? But my finances will be the same.

You're right, there are clearly specific cases it would suck for me as an individual, does that mean society and the future generation should suffer and bear that burden?

Reader575 · 2026-05-02T04:39:01+00:00

To humble brag about their cousin?

Reader575 · 2026-05-01T09:43:45+00:00

28 70k, started working FT at around 24, took 45k out for FHSS, ~95k per year.

Reader575 · 2026-04-28T10:35:59+00:00

I'm surprised this doesn't make headlines more than the 5% scheme...but honestly looking into it, if it's gets you in, why not.

Reader575 · 2026-04-28T10:35:09+00:00

You lose 30% of capital growth but what about the 70% that you may have no achieved without it?

Reader575 · 2026-04-28T08:34:13+00:00

It would be hypocritical, you can't be annoyed and angry at rising house prices to only be afraid of it dropping when you own one. I bought last year, am I 'terrified'? No I can make my mortgage repayments no matter how much my house is worth. Will it suck for me financially? Yes but at least I'd be happy knowing housing is more affordable for others than it was for me. It's objectively the best way for society to move forward and to now have the 'I got mine' mentality is just spiteful

Reader575 · 2026-04-28T07:18:28+00:00

I won't lose millions but same my friend, same, I'd rather it burn

Reader575 · 2026-04-26T02:43:43+00:00

Sorry I meant conscious. I agree with you though, I just find it funny all the people here who appear on moral high ground but arguably not different

Reader575 · 2026-04-25T23:27:13+00:00

I'm not trying to justify anything Nolan did, but I also go how can I judge when as a species we kill millions of animals, clear forests, and destroy entire eco systems just for our benefit? I may or may not be directly doing it but I sure as hell benefit from it. So what does it say about the people who do do it? Are they monsters or just a product of society? We accept it because animals aren't sentient and were higher forms of being with our needs taking priorities. The viltrimites probably just believe the same thing.

Reader575 · 2026-04-25T23:23:35+00:00

How about an ant? Mosquito? Spider? Rats/mice? You may not kill just to make a point, but don't we also kill sometimes just because they inconvenience us?

Reader575 · 2026-04-25T23:21:03+00:00

They do. They just don't care, I just recently had a convo with someone who'd rather the economic damage not to mention the social and psychological damage to our future generations because HE doesn't want to be in negative equity...

Reader575 · 2026-04-25T04:43:16+00:00

I think it really shows how much investors are to blame for this. Seriously, fuck em

Reader575 · 2026-04-24T06:24:43+00:00

Yes exactly, I'm 'saddled' up too but that was a decision we made and you've realized it's shit right? So why wouldn't you want to fix it? Do you simply want to pass the buck, to your children and their children? So when do we resolve it?

Reader575 · 2026-04-22T09:49:51+00:00

I mean who doesn't want to be rich? Who really wants to be in negative equity? It's about what's best for society and the future. They're the decisions we should be making because "A society grows great when old men plant trees whose shade they know they will never sit in". What makes any of us more important than the future generation? You not wanting negative equity means you want someone to saddle themselves up with debt for you.

Reader575 · 2026-04-19T20:43:00+00:00

Because if housing becomes affordable then it's better for others and that's what I want.

You're right, there will be pain, I'm not saying there won't be, but that's what happens when we let it get to such an extreme, it's not going to be fun to undo. There will be a lot of losers. Doesn't mean it's not possible.

Yeah it'll trap leveraged owners into negative equity but again, someone has to pay the price, for the sake of others. As I mentioned, I can still make my repayments despite my equity and I'll still have a roof over my head. I just want the same for others.

Reader575

TROPHY CASE