Sceptical of housing, me and the wife are building

When you get a bit older you'll see.... They were saying that same shit in 1980 when houses cost 20k

Were people on salaries of 20k then tho?

Not that high... But the argument was just different... The outlay per month was the same because of interest rates

I'm not doom and gloom but I'm not confident in the market for housing

It seems like a ponzi scheme

And people weren't to know they'd come down.... For all they knew it would go up

Yes, I talk with my father in law about this

It sucks that that happened

But they drew lucky in the end

Imagine buying a home in 1975 at a rate of 5% or whatever then, a few years later it's 10% .. more people buy and a few years later it was 19%

Good for them

I'm not against the older gen wacka

I get it

We each face our own shit

Good? That was terrible

I typed that before you sent

It was continuation of the previous

And for all they knew.. their 300 a month mortgage that became 600... Could be 1200 in a few years

Lot of people went bankrupt

Yes, but right now our mortgages are that, and people are on around the same amount of money in general

I get wacka

The situation hasn't improved substantially

I'm in a lucky position where I'm earning substantial money

What I'm saying is... In 20yrs... People will be saying, man you had it so good in 2020

But I still dont trust the market

I'm sure they will, if the situation improves

However, I dont think were going to see negative interest rates

You could buy a house for only 300k!!! That's only a years wages!

So I'm not sure where our benefit will come from

My salary is 75k

But that is a lot for this time

Not in 20yrs it won't be

Yes, but its greater than 3x my salary

In 20 years I'm sure I will earn more based on inflation

And in 1975 the average wage was what... 15k?

And average properties like 40k?

I thought a min ago you just said 20k

Council property was 3k then I believe

Correct me if I am wrong

I'm sure you could buy a home for 20k