Generation Rent - Another sob story

Discussion in 'Property Market Economics' started by neK, 13th Mar, 2017.

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  1. VB King

    VB King Well-Known Member

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    I unashamedly earn more than this bloke, and I reckon I earn every cent given some of the locations I work and the work I do.

    Even though I could afford to blow a grand a week, I don't. And it's not just me, it's me plus wife & 2 kids.
     
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  2. TMNT

    TMNT Well-Known Member

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    OK let's break it down.
    I don't and have never lived in Sydney so go easy

    Mobile Internet 20
    Hrslth insurance 30
    Public transport 50
    Utilities 50
    Groceries for home 200 assuming you cook at home a little
    Takeaway 50
    Friday night go out 150
    Satudrday night go out 150
    Decent Meal out weeknight 100
    Decent meal out weeknight 100

    Thats 900 per week

    Could have save 6k in a year!
    Suppose if you went out once per week big. You could still save 25k per year!
     
  3. dabbler

    dabbler Well-Known Member

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    Well, I wish I had 60k in hand income in healthcare, cause I could be out of Sydney no problem into one of my fav inland towns as they always looking for healthcare workers, I know, many are forced there when they come from OS, then as soon as they can they head for nearest capital city.

    Would be 5 mins drive to work, any time of the day instead or 40-60 min in Syd to get anywhere, also, nearly everything there and open long hours as well, minus some of the large places like costco (which I do not go to even here)

    250 - 350k gets you a very nice place to live, with the latter only being maybe 5 year old, or even new if you do not want quarter acre block.

    Rego cheaper, insurances cheaper, rates and water approx same, fresh air, food and other living expenses very similar.
     
  4. wylie

    wylie Moderator Staff Member

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    No young person I know has a mobile plan of $20 a month.
    Groceries $200 plus $50 takeaway would sound ok without the $200 in other meals you've added.

    I guess the nights out $150 each are just drinks, no food?

    That comes to $750 in food and alcohol for one week, with three evening meals out.

    I reckon that would be double what is really spent.
     
  5. paulF

    paulF Well-Known Member

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    750$ in alcohol and food a week?!! Do people really do that?!
     
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  6. TMNT

    TMNT Well-Known Member

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    thats per week my friend :)

    $80 per month for a plan seems to be the market rate for the latest iphone
    obviously more if yu add home internet
     
  7. bob shovel

    bob shovel Well-Known Member

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    There are literally hundreds of jobs for nurses around Australia, outside the cap cities. If you're a nurse and want to get ahead do a year or two out of the city. gain some experience being a jack of all trades instead of big city factory system. Also see how disadvantaged rural Australia is with healthcare and the skill levels of nurses out there ( :eek:)
    And for your troubles you can earn double what old mate is on!!

    What are the ongoing courses and fees? Hecs?

     
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  8. TMNT

    TMNT Well-Known Member

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    im not a young 20s something anymore (mentally I am)

    when I was living alone as a poor student, I had the time of my life but I never went to posh places, i went out every night for dinner but found good value places,

    however many of my friends would do whatever they want and without a thought

    eg some were getting $400 a month phone bills and not flinching, I kept mine under $50

    but i talk to many young people of today and many seem not to flinch spending $100 per head for any dinner

    its not a cricism by me, but merely an observation that values and priorities have changed over the years,

    some of these kids spend more than me on eating out and im almost a generation older
     
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  9. Zoolander

    Zoolander Well-Known Member

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    Saving $6k on 6 years... So he puts $2.70 into his piggy bank per day. Scary thought :/
     
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  10. dabbler

    dabbler Well-Known Member

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    No one needs to go out and spend that much.

    Anyone spending 400+ a week to go out and booze on or socialise just means they are out of control, or not that concerned about getting a place to live of their own.

    At some point you have to realise that spending like that should only be done on things that have a return, or at least you can get your money back if your on lower income.
     
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  11. TMNT

    TMNT Well-Known Member

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    honestly, I wouldnt say thats out of control, but to me its very lavish. and a great lifstyle,

    judging by some of the younger people ive been chatting with recerntly, I get the vibe that its more normal than what I consider

    just like those with a $400 per month phone bill, especially when unlimited voice plans are availalbe for as low as $30, and with data, you can buy data packs
     
  12. MikeyBallarat

    MikeyBallarat Well-Known Member

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    I am 23 and can assure you that is not normal at all! I'm actually mortified that people can spend that much guilt free...

    There is HECS to consider, but healthcare professionals are also required to undertake continuing education as a condition of maintaining registration. We have to pay for these out of our own pocket. As well as this, we have to pay for indemnity insurance (which for some medical specialists can be $20k per year or more). Not to mention that we have to pay for our AHPRA registration and maybe even radiation licensing. This all adds up!

    Still doesn't justify spending ridonculous amounts on caviar, champagne and an apartment in Bondi though ;)
     
  13. bob shovel

    bob shovel Well-Known Member

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    For drs perhaps.
    Nurses rego <$200 per year.
    Very few do the cpd or work covers it . But there are online courses for <$200 which get the cpd points covered. Not really big costs
     
  14. MikeyBallarat

    MikeyBallarat Well-Known Member

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    Lucky things :p
     
  15. dabbler

    dabbler Well-Known Member

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    If someone does that week in, week out on low income, they are not in control, or are living with parents and have no responsibility, either way, can't complain you have no money left.

    regarding the youngies, isn't that exactly the crowd moaning about the cost of living in the Eastern suburbs and housing generally ?

    400 on phone costs ? same, they have no control, only a business should have a bill like that.
     
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  16. Ginny L

    Ginny L Member

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    The figures on spending seem like a lot, but don't take into account other potential bills such as HECS - probably around $150 per week
    Car bills - petrol,rego,repayments
    Electricity, water and Gas
    Clothing/Shoes/haircuts etc etc
    Gifts/holidays/hobbies etc
    I agree though to have only saved $6000 in 6 years suggests a lot of discretionary spending.
     
  17. Greyghost

    Greyghost Well-Known Member

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    20 here, $100 there.
    The bloke is a peanut and apart of the age of entitlement. Wake up buddy. Can't holiday in Ibiza and have bricks in the burbs on that income.

    But everyone is missing the point.
    The article is garbage. Noted.

    Bigger question is who and what are the motives behind the article in the first place? besides **** journalism that is.

    Some labor fear mongering affordability, reintroduction of FHBG (which we pay for), maybe nurses union lobbying for pay increases again.. my guess is Labor though.
     
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  18. dabbler

    dabbler Well-Known Member

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    It is to stir people up, maybe even a bit of a joke between multiple people writing the articles which are just fluff/filler, but potentially damaging.
     
  19. Cimbom

    Cimbom Well-Known Member

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    Gets clicks and comments which they show their advertisers to get them to pay more for ads as they can say they have a big audience
     
  20. Greyghost

    Greyghost Well-Known Member

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    So for those who don't believe the media position us to accept what's coming:
    Annndddddd here it is:

    Cheaper housing for our nation’s nurses, cops and teachers

    Old mate on $60k who can't save was just the worm on the hook..
     
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