Sydney housing crisis tv show on tonight

I just read that abc article. Disgraceful journalism. An unbalanced opinion piece masquerading as news. LF economists seem to have an agenda (selling doom and gloom books and or short selling banks perhaps) and Denise is a known crack pot who refuses to believe any borrower could possibly be complicit in their own misfortunes.

 

I would guess that this is their business strategy.

 

I didn't like it from the time they showed how expensive it is to buy into harbour-side suburbs like Point Piper. The audience (me) was positioned to then feel for the hopeless FHBs who cant get into the property market in such places. Palease, since when do FHBs start out in Bennelong and Point Piper? For that matter, when does 99.99% of the population ever buy into such places?

 

Funny, I must have missed the part where they interviewed the entitled millennials who want everything now and aren't willing to work for it. The show was 45 minutes long - anyone want to give me a heads up as to the time they appear?

 

That part was borderline ridiculous! Sensationalist and selective....

 

I stopped watching about a quarter of the way. Good on her having a nice deposit, probably a combination of hers and partners. But I fail to understand why she can't buy a home. I agree with the previous posts. No one starts out being a manager or ceo of a company.. Why is property any different? Maybe not a great analogy but there are jobs around and not enough workers.

 

They have $150K, they can easily buy a house, they just don't want what they can afford

 

I still don't have an ensuite.

 

I must lead a sheltered life. I thought everyone bought in those areas first up then sold up and moved to the outer suburbs.

 

Totally agree. I was car shopping recently and wanted a bog standard McLaren P1, but it's just not affordable. Something is definitely wrong with the system because I'm pretty sure I'm entitled to one.

 

Again it shows a little arrogance on your behalf. Remember... the renter and FHB are your customers... don't p*ss them off

 

Indeed they are, they rent my small apartments and buy my small apartments, because those are realistic properties for them to occupy and own.

Not that I mentioned renters and FHBs anyway, I was talking about cars.

Again I feel that I am entitled to a $2 million dollar car even though I only earn $50,000. My friends are on the same salary and are buying Corollas and Golfs, but I don't consider those sufficient for my needs.

 

I agree however the goal posts (or walls) keep getting smaller for FHBs. I'm saying this as a lucky person who has a property to live in in a decent enough area to bring up my kids. Ask any FHB I'm sure they aren't looking for the dream house just to be a less shafted in the property market, they aren't as silly as many posts in this thread have assumed.

 

Tell me about it! They only made 375 McLaren P1s, and I can't possibly believe that there are 375 other P1 buyers in the world who earn more than me. Owning a P1 is becoming a distant dream for reasons I can't comprehend. My pet turtle deserves a better car than a hatchback.

Wait.... ARE YOU ONE OF THE 375!!!???

 

Pray for the next boom and hop on the wave... I'm sure you'll get one soon.

 

Thanks for the advice! Praying is a great strategy, I'll try that.

I'll probably still occasionally whinge to my friends every cycle though, it should make a P1 appear eventually. (Maybe I'm not whinging the right way...)

 

Try Marrickville.

$95k in 1987.
$1.25mil today.
13x.

 

Exactly.
There was a whinger at work the other day saying how unaffordable it is. Buy where you can afford then.