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Careful with your assumptions.I rent and i have no debts.I also...

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nippy

10,195 Posts.

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03/04/24

11:48

Post #: 73165356
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Originally posted by Bunn-Wackett: ↑

"most in huge debt" ?????

Apart from anything else that statement needs proof as the word 'most' would be interpreted as far greater than 50% up around 3 out of 4 which is nonsense.

The younger generation will inherit boomers assets which by all accounts is pretty massive, it'll be property or properties, cash, super but in the meantime you can bank on the HECS being forgiven at some stage----normalcy in the workforce and society will return so that those hard workers, those who study, those who don't take out credit they cannot repay, those who save to buy property so they don't have to rent for life will be best placed!... they deserve it.

Imagine those who purposely decided to rent and missed out on 50-100% tax free gains over the past few years on what are now $1mil properties, and a double whammy of eye watering rental increases... they'd be the ones with the credit card debt too you can't legislate against stupidity.

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Careful with your assumptions.

I rent and i have no debts.

I also have shares capable of going up 200% in a week - property totally sucks compared to that.
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