3. This generation must work twice as hard for what Boomers had. Here are the real ...

This generation must work twice as hard for what Boomers had. Here are the real numbers.

Yeah we're fucked for housing in Australia lol. I managed to get into the market in 2010 at age 30 after five years of the two of us scrimping and saving a deposit. Even back then it felt like house prices kept rising, but it's nothing like it is now. Managed to get something for $550k about 45km from the city. Meanwhile on a new estate 10 minutes away, I recently saw someone pay more than that just for a smaller piece of land than we're on, no house included.

Meanwhile in the 90s my in-laws bought an acre about 60km out for $40k and built a house on it for about the same. In the 2000s they bought a fuckin' holiday house too. A holiday house, can you fuckin' imagine? And this on one income!

My kids are under 10. I genuinely have no idea how they're going to afford housing; god knows I won't have $200k apiece lying around. I'm planning on them staying with us well into their 20s.

The fucked-up thing of it is wages not keeping pace with the cost of living, as OP illustrates. My kids might be lucky enough to stay at home so they can save/invest most of their income. I'm in two minds whether it will be better for their future to go to uni and get HECS debt or to skip that and get a trade and/or start a business.

What kind of fucked up world is it where you can be working full time (or more) and not afford the basics of life?

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