Valkie
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Australian Politics
Posts: 16142
Central Coast
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quote author=Violet_Crumble link=1574839249/1#1 date=1574840068]What is wrong with people these days?
What ever happened to SAVING a third of your income, EVERY payday?
Sure, when you are under 40 you never think you will get OLD but you will. If you are so lucky.
You surely can't rely on getting an "inheritance" when your parents die in their 90s, where will you live until then?
Go without a few things, save like mad and get the deposit. It doesn't have to be your perfect home. Interest rates are low, you don't need to be able to only get a loan for 25% of your income for 25 years.
Work 2 jobs. Stop whining. Life could (and will) get worse if YOU don't act now! [/quote]
You are quite correct
I worked two nd even 3 jobs to save enough to build a deposit. We, my wife and I did without in the early years, so that we could meet the mortgage payments. When interest rates hit 18% we were on the bone of our arses, but the kids were always well fed and clothed, not in brand name, but in New clothes.
When interest rates fall, we continued paying the same amount. I got better jobs and our house was paid off in record time, on one wage.
Second hand cars Salvos for furniture, which I repairs to as good as new, sometimes better. Did all my own services and repairs. Worked on my own home.
But the whyning new generations want new everything, and don't want to work two jobs. They don't want to buy second hand cars or repair them themselves, most can't. They get deep into debt and rely on their parents to get them out.
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