Australia's largest stock trading and investment forum Australia's #1 stock forum

Generational divide, page-3

First 3 Last

Share
Profile

Follow
pintohoo

97,013 Posts.

75

23/05/24

18:09

Post #: 73981083
Share

Originally posted by Scott th Ratbag ↑

cheers alonso....I sailed straight through the 70's stagflation recession, despite one job loss, because of my career choices. I was equally unaffected by the 80/90s recessions. I also managed to pay off my mortgage in 10 years despite the interest rate. all because of my career choices.

but many many others were severely impacted. the 70s was the start of the long-term unemployed problems. the economy was severely impacted too. even more so in the 90s global recession. and the high interest rates?

I don't accept that young adults are struggling as hard as many did back then. but distance from the lived experience always results in gentler feelings.

the problems today revolve around rental rates and housing prices. these are artefacts of the previous LibNat govt actions. the Labs are currently still working to repair the damage caused by Abbott and Morrison.

so please remember the LNP legacy of deeper deficits and appalling and unnecessary fed govt debt and exploded housing prices and unmanaged rental price increases, which could have been avoided by LNP govt building social housing and ensuring adequate lower cost housing.

Expand

oz would take half a century to fix housing - IF It decides to and if times were normal

neither of which are true
3 Upvote

Reply

Top Stories

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Most investors will get this earnings season wrong. Will you?

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

ASE

Astute delivers high-grade lithium hits at Red Mountain

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

First 3 Last

SPONSORED BY