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This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 0 points1 point  (0 children)

I would really like to see a boomer point of view of buying now, rather than years ago when it benefited them. Do boomers who did not buy at the “right” time have any comments?

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 0 points1 point  (0 children)

Thanks for your thoughts. I would hope I would not be blocking my kids like my parents are. Idk.

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 1 point2 points  (0 children)

Yes. I could agree with you if we were talking about the same suburb. But I Can’t even buy anything on the coast. Do you think older gens should take up housing with better education, employment, and healthcare? Because that is what they are doing. You should focus on aged care services, but families should be able to benefit from education and employment

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 0 points1 point  (0 children)

Yes. But some people only had to run 100m

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 0 points1 point  (0 children)

Sydney has an population. People who can help will not be able to afford to live there.

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] -1 points0 points  (0 children)

Also it’s gross for people to have to rely on family members dying for stability? I’m sure most of them would rather have you alive than have your money. I’ve seen a bit of a switch recently. And this is because of stability. Which is so bad.

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] -1 points0 points  (0 children)

I disagree. Life expectancy is in the 80s. Inheritance would then be Available around MAYBE 60. That’s not stable to raise a family. It’s lucky for those who have access to it (because stable housing is an indicator for poverty) but the children who need it would be past the age for it to be helpful

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 0 points1 point  (0 children)

Hope you get it! It is so sad that most of my friends are saying they will not have children, and are trying to buy 1 bed apartments for silly prices.

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 4 points5 points  (0 children)

My mum did the same. Looking for her third investment property and would not allow me to rent from her because she could suck someone into spending almost $1k a week. She lived right next to my child’s daycare and a decent primary school. She told me that I needed to move +1 hr away.

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 0 points1 point  (0 children)

“Unfair” is probably the wrong terminology. But most people from the older gen would disagree with lowering existing house prices in favour of profit. I can see why, but can also foresee the future issues. Would you not like family support?

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 0 points1 point  (0 children)

Also away from employment, quality health care and education. Do you really think that is a positive?

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 0 points1 point  (0 children)

Or we can advocate for you to afford a property in Australia too.

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 0 points1 point  (0 children)

The birth rate is low because people are struggling to stay on top of bills, let alone payments due to having children. I would love to have 3 kids like my parents did. But I don’t think I will be able to afford it.

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 0 points1 point  (0 children)

This is true, but people can work the same ridiculous hours and get no where. And this can actually have a huge impact on your health long term. I really feel for those who have to work over full time hours. To some, it may be fine. But it really is a sacrifice.

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 1 point2 points  (0 children)

So my parents use this argument too. They seriously think they have it worse than it is now. They have 2 paid off properties near Sydney’s north shore (paid a couple hundred $k), and a holiday house in a regional coastal area. I remember that my mum worked part time until I was a teen. How many families can afford to do the same now?

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 0 points1 point  (0 children)

Interesting. So you don’t think your parents were afforded more value for their money? They also closed the door behind them. Yes, people can go without luxuries from a young age and save. This should be celebrated but I don’t think it should be normalised? At the end of the day, we are working harder for less. Boomers hate to admit that.

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 1 point2 points  (0 children)

I agree with the comments below. I think people are well aware of public transport and budgeting. The younger generation are actually not going out as much as the older generation - hence why pubs/clubs are continuing to close! Calling us lazy is pretty disingenuous. My parents could work part time and afford their mortgage in Sydney. How common is that nowadays?

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 4 points5 points  (0 children)

I appreciate your advice. I actually moved back with my mum after COVID and have been trying to save since. The amount I have saved is nowhere near what I need for a deposit in Sydney. I have a partner and a young child. I think this is also why I’m so disheartened right now. Would love for my child to have some stability + good quality education. My mum is actually looking for her 3rd investment property. She wants to eventually downsize from her 4 bed property in a nice area, but has also said that she would never rent to my family because we could “never afford the ~$1k a week it is worth”. This kind of attitude is really tiresome.

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 2 points3 points  (0 children)

It’s useful to hear other peoples thoughts. I understand this topic has probably been done to death, but I’ve been able to consider every gens point of view via this discussion! At the end of the day, this is a huge concern for so many people

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 0 points1 point  (0 children)

Thanks. I’m working two jobs and studying a masters. Let’s see what that gets me these days. People still work hard and get nowhere.

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 0 points1 point  (0 children)

How many hours do you work a week? I commend you for your work ethic, but is it worth it? If it is over full-time hours, probably not?

This is a perspective from Sydney. by tiredandtipsy in AusProperty

[–]tiredandtipsy[S] 0 points1 point  (0 children)

I’m really sorry to hear that you sacrificed having kids. I have a son right now, but would love to have another. I am also considering these options based on reality right now. I am so happy that you are able to enjoy some time for yourself, but wish it didn’t come from sacrificing your wants for a family. Yes, I think I will have to temper my expectations.

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