Housing Crisis

What are people's thoughts on the cost of housing presently? Is there a crisis? I was watching a 4 corners programme the other night and a young couple had just purchased there first home in Mascot for $1,700,000 and had a mortgage of $1,400,000. Their parents had to go guarantor on the loan. There must be a few Sydney residents on this forum with kids looking to buy their first home. Is this the norm? Would you guys do the same?

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                  • Now you're just getting damn silly 🙄

              • Hope the opperation comes soon mate, all the power to you bro

        • I dont care if you are black. brindle, white ot yellow.....you are racist

    • 9854098699?profile=RESIZE_930x

  • I've got a house crisis

     9854168895?profile=RESIZE_930x

    • You need a 🐐 

      • Some guinea pigs will sort that out, you might lose sight of a few in the beginning looking at that but they’ll come into view eventually 

  • Biggest financial rug pull in the history of the world is coming...

    Whether you own your own home or 10, rent or are mortgaged to the hilt, we will all suffer when the global reset hits.

    • I was thinking something similar Frank. Well done to all those people who "own" homes. Unless you have paid the full mortgages already, you better be prepared for staggering rises in interest rates. They have gone up 3 times in the past 6 weeks and there are warning signs it could balloon out far worse.

      If you haven't paid the mortgage yet, you don't own your home at all, the bank does.

    • I don't know anything about a global reset but I do know several people that have dived in the deep end of the mortgage pool in a big way in the past 12 months or so with the belief that the way things are now is how it's going to stay. I think there are going to be a lot of stressed out young aussies in a year or two if interest rates head north.

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