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What a stupid way to justify it. If housing were affordable more people could buy their own homes instead of being trapped into renting.

A guy at work has a very nice house he has owned for about 6 years now. It's 4 bedroom, ensuite, formal dining, lounge, family room, etc, etc so it's not small. His mortgage is $600 per month, and now the house is worth close to 400,000.

Most of my mates are paying 250 - 300 RENT for shitty horrible houses. Thats at least a grand a month, now you can't tell me thats not f**ked.

And like nightcrawler said my biggest issue is peoples f**king greed when it comes to owning more than one house, you can only live in one.

karl, we are still living in one of the most affordable cities in the world mate, you are clearly aiming too high for your 1st property, like I said, start with a unit or townhouse and get some equity into it before you worry about 4 bedroom houses, lol.

As far as greed is concerned, I stand by my point that the agents are to blame, not just the investors. We've reached zero population growth in Australia where the the pensioner will soon out number the worker, hence the motto, have 2 children to replace the parents and 1 more for Australia. The baby boomers and to a lesser extent the 'X' gens are smart enough to know that one day the work force will not be able to support the pensioner due to their increasing numbers.....check out some overseas countries where there is no aged pension for that very reason. I'm not going to hang around and expect to get by on a $275 per week pension, I'm going to plan for my future and not rely on Gov handouts which may not even exist by then. That's not greed mate, that's just smart.

Stop your whining and go and get yourself a small unit now because in another 10 years you'll be struggling to afford a semi detached ex trust home in towns like Whyalla or Port Augusta, let alone 10km from the Adelaide CBD.

EDIT:

Ohh, and 1 more thing, if you think that your Super will see you past retirement, you're dreaming. Unless your a politician with a $2 million package waiting for you, you've got no chance. In 10 years the average price of a house will be close to $1 million, by the time you retire that figure will at least quadrupple.......you'll be lucky to buy a new car with your Super money.......so get smart and start planning now.

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And like nightcrawler said my biggest issue is peoples f**king greed when it comes to owning more than one house, you can only live in one.

do you see many houses sitting empty? the price reflects the demand to build more.

more you pay the more incentive there is for more n more builders to pump em out.

1 way is to look at it prices are now too high or another way to look at is people were getting a bargin back in the day.

dont like the price move into the trailer park or sleep in your car :cool: enough people do that and you'll see the price drop. or like most people stay living at home longer or do the share accomadation which yes sucks but thats how it go's. im at home saving up for my 1st investment, call me greedy all ya like but ive sacrificed alot to be in this position while most of my family just throw their cash around like its monopoly money and call me stingey

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like most people stay living at home longer or do the share accommodation which yes sucks but thats how it go's.

i for one am living at home for a while , im 18 right now but i would rather work and save up money , get my GTR and have money to afford renting with my mate as by the time we have both saved enough to move out we will be able to live off our savings if we lost our job's so we wouldnt be completely screwed ,

thats my 2 cent's

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