Re:Australia’s new mass surveillance mandate
by rainonmoon on Wednesday September 08, 2021 @06:15AM
(#28455155)
I'm at the age where a lot of friends are beginning to buy (in Melbourne). There's basically two classes: the people buying houses in the outer-inner-suburbs that would still be vastly outside their price range without massive help from both sets of parents; these buyers are unfailingly couples. And second, single friends buying without parental assistance, but buying off the plan apartments not much closer to the city but which at least offer a deposit low enough for someone to get on the property ladder. One is taking on a lot more risk than the other to enter the market.
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Re:Australia’s new mass surveillance mandate
by fancy_hammer on Tuesday September 14, 2021 @10:41PM
(#28534590)
> the people buying houses in the outer-inner-suburbs that would still be vastly outside their price range without massive help from both sets of parents; these buyers are unfailingly couples.
I suspect there is a big difference between the long term wealth implications of buying a house vs buying an apartment. There are never going to be more houses in outer-inner-suburbs. There is going to be a constant supply of new apartments as we move towards higher density living.
People who have wealthy parents are in the best position to make better housing investments.