Quite rightly great chunks of the (younger) population have just given up on home ownership.... so why save for something that will never be in your reality. In our new feudal economy if you got lucky in the birth lottery and have access to the bank of mum and Dad your a chance under feudalism... else your screwed.
These are just macro economic facts when you consider Aus has the greatest housing bubble on the planet and the only indicator that matters.... average household income vs average house price.
I always love to ask a Boomer..... if you were 22 and starting out would you prefer the economic conditions now as opposed to the conditions you enjoyed over your life ?
