Seriously, the young would target you as someone who has no idea. As I said in my first post, the average income to median house price is what is the issue here. Affordable for us at 3 time income, unaffordable fro the young as it is above 5 times income and we are talking average. Now lets gets these other facts down:
1. Yes we had one TV back then but that TV in real dollars today would buy us three televisions today. Remember the video, we bought one around 1980 worth $2000 dollars, which today would be the equivalent of me putting into my house a few TV, a nice stereo player etc etc.
2. Remember we had full time jobs so getting a loan is far easier than today. Even if you earn good income but are employed on a contract basis it is much harder to get a loan.
Yesteryear technology was crap but the cost of living was low and the price of housing was low so even at 10% one income we cover the lot and your house would be paid off in less than 10 years. Today technology is cheap, cost of living is high and you need two incomes to pay of average mortgages in 15 years to 25 years. And we didn't pay for our university education as we do now.
We are comparing chalk and cheese.
Cost of living wise it is far far far harder today than back in the 1970s and 1980s. Tell that to a young family for example - you talk welfare bludgers but if you have two children and put them in childcare they will cost you $50,000 - $60,000 per year. Take away the child care rebate and you would still be $30,000 worse off - what is the average wage in Australia before tax - $75,000 so in the first five years most are paying child care fees. I am talking here of a dual income couple so don't get of the program and talk about those with kids who do not work. Infact middle class workers are those most disadvantaged today - earn too much for welfare support but need to work so hard to pay off mortgage and in university debt and general cost of living. If can't see that you are going to get a hell of a shock when payback comes from the next wave of Gen Y and Gen Z parliametarians.
Finally, if you have children late in life or reduced children (look at the family today compared to the past and count the kids) well immigration fills the void. Oh we are way to expensive to attract Europeans/USA nationals now so where are they coming from??
