60 Minutes Australia House Bubble POP Rent Vs Buy
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26:22
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That young couple that think there smart for renting are fools,
Renting for 50years is 10 times higher in cost than owning, the rent you will pay goes up every year with inflation, as you pay off your home the interest bill gets less each year.
Plus the owner gets to sell the house one day and sit on a lump sum.
82snowball 2 weeks ago
you want a big house, an acre block, big screen tv.....live within your means you fools
2305toby 3 weeks ago
you did it to yourselves. Baby boomers have caused this issue
2305toby 3 weeks ago
Sadly, this is exactly what happened in the U.S. in 2008. If it weren't for the Australian accents, you would think these families were in Nevada or California.
avocate201 3 months ago
@hugeboofhead Probly more like 20% employment is a massive factor with income rates.These are nosediving because the labor gov has murdered this countrys confidence,financial position and industry.
twinspur 3 months ago
@charlie000111 looking at current stock on market, clearance rates etc, most likely it will be down about 5% in next 12 months.
hugeboofhead 3 months ago
does anyone know what will happen in 6months or a year from now with sydneys property ,
charlie000111 5 months ago
@MrAntiFarLefthang on - that mans they get $150,ooo bonus on the people just 3 years older who bought in at the peak - who also cant afford kids!
BiggerThinking1 5 months ago
chris gray is disgusting pig.
tvimportantlife 5 months ago
property analyst lowlife comparing australia with Singapore/Hongkong which are like .01%. thanks to the media fcking up the first home buyers. Greed and deceit is rife. I am very worried person where this country is heading. the entire continent with a 20 million population and 1 person per square kilometer population density. unlucky country.
tvimportantlife 5 months ago