Quote:
Originally Posted by Roostercam
Its all relevant. Every generation has barriers to deal with, I don't subscribe to the theory ''its harder today than in the past''.
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But it's not a theory. The numbers dont lie, only people.
We are at record low interest rates, and affordability is about as bad as it was when we had record high interest rates (which went back down fairly soon after). Back then, we would have advised the young not to get in over their heads, today we criticise them for not doing it.
Cherry picking the hipsters that throw their money around doesnt change the fact that someone entering the property market now is at a profound disadvantage economically compared to someone 20 years ago.