I grew up in the country side working on farms. Post covid I can’t even afford a house there because boomers priced me out. My expectations have been meager my whole life. It took me six months to land a shitty 60s falling down 2 bedroom place during our housing crises. In Australia many people get evicted after 12 months and lose their savings to moving costs. You Americans need to stop telling people from other countries what to do.
Ah yes. The American libertarian position. If you find an affordable rental in Australia during a housing crisis let me know.
Whatever mate. You don’t know a fucking thing about the job market and housing market in Australia. Get fucked seppo.
You are commenting from an American perspective. There are no houses in Australian capital cities for less than 100k. And there are no job opportunities for many professions outside the capital cities.
Its not the workers who are to blame. Its the folks who aspires to live on “passive income” who used housing as a vehicle to steal wealth from the younger generations. I finished high school during the GFC and everything about the housing market has been fucked since then.
Mate, I have an electrical engineering degree and work for a big chip design company. Wages have stagnated to the point where I can never afford afford to buy a house, and rent eats nearly half my wages. I live a modest life and the only time I travelled was when I was working full time in Europe. Never been on a holiday. There’s literally nothing I could have done to fix that except find a squat to live, or put up with share houses into my thirties. No family I can live with. Its out of many peoples control. The house I rent is valued at 1.2 million in Melbourne. It was 370k 15 years ago.
The average worker has no choice but to funnel their money up the wealth chain through rent and mortgages. That’s the bulk of it.
The only way expansion works I’m Australia is if we build new cities like what they have in Europe and US. Commuting 3 hours to work is not feasible for anyone.