Baby Boomers - Stop Bloody Complaining!, page-150

  1. 2,296 Posts.
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    What jobs are they in to do that?
    What help did they get?

    Lets say an 18yo goes to university, gets a degree in three years and starts on a 60k salary with a payrise of 5k every year. More successful then most.

    If somehow they are debt free after uni, they would have earnt $190k minus tax. So roughly $150k over three years.

    Even if spending nothing that is only a deposit for a basic place in a city.

    Owning without help is not possible. Paying off a loan for a place in a small city is.

    Its not all about choices. A leg up helps.

    I call bs on this story. Either very important details are missing or bs.

    This is only done by a very small fraction of adults in their 20s because the current situation is near impossible. House prices are growing faster than inflation which is growing faster than wage growth as full time jobs per capita decrease.

    Bs
 
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