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I've noticed this with my parents — for decades they reacted negatively to any changes the regulations around Australia's housing market, since that was and rem
by nness 3y ago
I've noticed this with my parents — for decades they reacted negatively to any changes the regulations around Australia's housing market, since that was and remains the principal personal wealth creation mechanism in Australia...
Until they reached retirement age. Then the painful realisation that, without plentiful housing, rental prices would consume most of their government pension. Now they're one expense away from financial ruin.
- expertentipp 3y agoThe sold also the last property from their flipping endeavours or investment portfolio? ouch.
- nness 3y agoDivorce, largely.