I agree 323onp The youth of today are being herded by unfair forces that are totally out of their control, and it's my belief that it's our 4 big banks (and 2 big supermarket chains) that are in control, not our politicians. The trend is in place as we speak: we are going back to how things were like 100 years ago where young adults remained in their family homes due to cost pressures. Homes that were trending with only one generation are now heading towards 3 generations under the one roof. There is no other solution for the youth of today without borrowing far beyond acceptable levels of debt, even in the outer burbs.
I hear all the time how the youth must suck it in, that they never had it so good. Much of it is true, but I'm sure that, given the choice, they'd choose more affordable housing and forego their flash lifestyles; is it the fact that buying a home is so out-of-reach that many have accepted the situation and just splurge on holidays, etc, to escape their horrible dilemmas?
And even if they choose to live well out from the city to buy something more affordable, they are then faced with much less opportunities of earning the same incomes as those who live closer to where the money is. But even with the cheaper out burb home, the lesser incomes available are still not enough to live within one's means, especially once nature takes its course and brings you a baby to care for. To cap it off, globalisation is affecting the outer suburbs negatively, with incomes being crunched big time - manufacturing is a key player for these areas, so they will remain vulnerable. At the same time, the inner suburbs are raking in the hot money created from globalisation: either via incomes, businesses or cashed up foreigners.
