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CornChip

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05/09/22

10:34

Post #: 63517682
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Originally posted by Tapdancer: ↑

I would wager that over the last 40 years, housing has doubled in real terms across Australia - perhaps your quadrupling example is an outlier?

Anyway, we could even agree that it's tougher for younger people. But I don't think it's tougher to the extent they should give up hope. They're certainly going about life the wrong way.

They've had it far too easy up until recently, as witnessed by their saving and expenditure patterns. A lot of that has to do with low unemployment, no real recession over the last 3 decades, peer group pressure, an incredibly dumbass education system that prioritises gender studies and aboriginal dispossession indoctrination over economics, and seductive advertising luring young people into the belief that they can have it all.

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Here is a very detailed site showing the cost of the average home vs average wage from 1973 to 2020. This site does not show the craziest price increases of the pandemic however as it ends in 2020.

https://www.savings.com.au/home-loans/australian-house-prices-over-the-last-50-years-a-retrospective

You could have bought 5 houses in Sydney in 1970 for the same price as 1 today.
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