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Yes.I think one of the first stories after the budget was some tripe about the rent to own thingy that they may be in negative equity.So f&^%king what! Just live in it and pay your bills and if it drops to zero or increases to a billion you have a roof over your head.

apparently

If I was young and found myself suddenly in a position to buy a first home, I'd be waiting and considering the illegal Iran war whilst waiting to see if house prices are going to drop a little before buying..

If it’s about a portfolio for spoilt rich kids - yes If it’s about a home, a forever home like mine, my parents place, my grandparents home, & called The Australian Dream - no…it’s Home.

That’s not our house. It’s the average for the suburb. But boomers think they were smart or worked hard. Fact is we were just your average couple. Blew ALL our money on travel then came home and bought a house 4 years later. Not possible now.

Today:

I don’t think all first home buyers buy the forever family home . Have lived in the same street since 1991 and are the oldest residents . The original houses were almost all 3x1’s . A lot moved on when they had kids , separated, changed jobs and continue to do so .

E Roll Amy after 10 years of absolutely nothing on housing from the Liberal Party Labor is trying. It is not perfect and to complete a change will take years. There are more in first homes in the last 2 yrs than the past 13yrs

All those youngsters keen to get on the investment bandwagon yes. First a small one, then bigger, then 2, then 3, then 8, then Poland!!! 1,000 years!!!!!! 😞

@ fergusonnews and @news.abc.net.au @abcsyd believe that's the only game in town.

Yes! Funny how hysterical everyone gets over housing. Shares have declined steeply a number of times over the past few decades. ASX: 1987 Black Monday -49%, 2008/9 GFC -54%, 2020 Coronavirus -39%, 2022 inflation/interest rate hikes -25%. Corrections happen eh? Sit tight until things improve.

Unfortunately, this isn't just NOW. For some years, that's the nonsense that's been peddled because the main commercial networks/news websites (7, 9) also own real estate websites.

NEGATIVE EQUITY!!!! Most people have no idea that it doesn't affect the average 'home' buyer.

The politics of 'self' will never see the problem solved. The media will make sure of that

I’ve been on the same step of the ladder for 35+ years, can’t be arsed climbing

Just getting their feet on the bottom rung of the property ladder, yada yada yada

Apparently yes.

Investor types think everybody is like them. We’re not.

Yep Albo is. Creep

#auspol #housing The only way houses will become universally affordable if if they drop massively in value relative to the median wage. . Once upon a time the average house was worth 3 times the average annual wage and it took 20 years to buy it. . But along came greed and neo-con economics.