"This generation wants what they have seen their parents get, a free ride from easy credit in the pyramid property scheme. They're going to be disappointed, the fundamentals are changing."
A free ride. So you are telling me that they never ever saw a downturn in the economy.
Please.
My parents tried to buy their first home in 1971 for $12,500 !!
They had $14,000 cash saved, both worked full time.
They wanted to put down $11,000 and get a loan for $1,500.
The Bank said NO!!!!
If I hear anyone say that the Baby Boomers had it easy, they need their heads read.
You can still buy a home with a 5% deposit quite easily today after the GFC.
