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Australia's problem is inflated property prices, it's money being generated out of the air. This is a disaster for renters and is creating disparity. Boomers an
by landswipe 4y ago
Australia's problem is inflated property prices, it's money being generated out of the air. This is a disaster for renters and is creating disparity. Boomers and older gen X are or will be cashed up to their eyeballs after offloading one or two investment properties, this has happened over the last few years.
- vinyl7 4y agoI think it's going to be worse. Boomers think their house is worth million dollars today, but in 5-10 years when more of them start to retire, they will find out that a) millenials and younger can't afford their inflated prices and b) there are no other boomers to trade houses with. So if they rely on their house to be a retirement fund....that might not exist when they actually retire.