No wonder this generation will never be able to afford a house!
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Things I did to afford my first house:
1/ 40 hours was a short work week
2/ Limited my going 'out' spending bigtime
3/ Yep - was crazy tired a lot of the time
4/ Ate a lot of crap but in fairness that was a me thing - it's not a job thing and I'd argue same now
5/ Holidays were always of the short and cheap variety.
On the plus side - at least I'll have somebody to rent my investment properties to well into the future
No this generation will never be able to afford a house because the speculation on home buying is causing a price surge.
let's say you earn $1000 a week in hand, $400 go's to rent, $100 to fuel, $200 to food, $100 to power, phone, gas, water, broadband ect.
So you can save $200 at best, now you need 10% for a loan these days, say you buy a 600k house, near impossible.
That would take you 6 years at very best, this doesn't take into account any car repairs, any doctors bills, new clothing, new furniture.
You also have to think Reaper, not all people in your situation are successful either, so there is an element of risk buying real estate, for someone that struggles to save for 6-10 years to get a deposit, well it's then more money and a big risk if they can't afford the repayments.
But that also only is true if the house prices keep rising, they might fall?
That girl, oh man.
Traveling for a year, what she really meant was that she spent a year going to other countries getting pumped by Chad, Tyrone and Enrique.
Now she's back in Australia, she's spent many sleepless nights trawling Tinder and Hinge trying to find a man that is 6' plus tall makes $150k and is ripped, but alas she struggles to find such a man, as they are .1% of the population.
So she tries to find a man outside of the top .1% so she looks at the top 1%, then she can't work out why they ghost her after the first bed time fun.
Princess doesn't want to work full time because she is empowered! stunning! brave!, then reality hits and she needs some money for the iphone 39 with 5 cameras instead of 4.
Then Princess learns that some girls make lots of money on
Noonecares.com. showing them doing the sideways boogie, so princess opens an account, makes $5 and wonders what she is doing with her life.
Solution, I will buy a cat.