Grappler Truth Teller Feller wrote on May 7
th, 2019 at 12:00pm:
Left out the war on Baby Boomers that is part of this ad itself...... short-sighted and narrow minded in that regard... generally I like these ads, on the mark etc - but they missed there.
It's not Baby Boomers buying their fifth investment property - it's business parasites. Most Baby Boomers in retirement have the pension and little more.
However, IF they own their own home and if they are on the Age Pension they get rebates on Rates, Electricity, Registration, cheap medications, Bulk Billing and a bunch of other stuff. They do not need to starve.
On the other hand, IF they didn't go without when younger to buy a house and rented, they have nothing and the Age Pension will definitely NOT cover a decent living.
The moral of the story is:
Get a job
Save your money for a deposit on a house and go without all the "frills" and holidays to Bali
Buy what you can afford (i.e. a 1 bedroom apartment ... up grade later)
Pay off the Mortgage over 25 years
Keep working until retirement
Live Happily Ever After with the love of your life who you met when 20.