"It would be better if they threw in a well paying job that would enable the buyer to repay the mortgage they require to buy these houses.
In the eighties and nineties we paid our houses off in three years cause our mortgages were typically three times our wage.
Now they are nine times our wage and our jobs are are disappearing because our country cannot compete with cheap overseas labor.
If you wake up tomorrow and sign a mortgage nine times your salary to buy a home in this climate you're just another brick in the wall which is full of suckers."
lol this post got 27 thumbs up?? My lord the bears are a joke...
Yes lets compare the eighties to today. Typically households were single income, they are now typically double. Back in the eighties people didnt spend much money on 'luxury items' yet today most people wear nothing but brand name clothes, have plasma TV's, iphones, nice cars, new furniture...nothing is hand me down, everything must be new. In the eighties people bought where they could afford, yet today people complain that the price of houses are to expensive in inner city blue chip suburbs lol
Its a joke-anyone can go out to say Werribee and Melton etc and buy a nice 3 bedroom house for a smidge over $230k. Or you can buy a 2 bedroom townhouse in Kensington within 6 ks of the CBD for a smidge over $500k. The choice is yours....just stop your whining and get on with it
