Thread: Welfare. Can't Get A Job,..Yeah Right.

Nice story Pickles...

It's so easy to get dragged into the doom and gloom the media seem to enjoy spreading. It's easy to get the view it's all hopeless and the younger generation have no chance.

But from stories like this and what I've seen with my own kids (19 and 20) and their friends. For those that get off their backsides and are willing to travel to the work and do what it takes - there is work and those that accept the challenge deserve to thrive.

Good on her, that's great. On a daily basis I see so much of the 'feral' side of our population, that I start to lose faith....but when I hear of or see people like that, it restores the faith.

My experience of both our girls moving to the bush, is that there are many such good kids, who get on with life and do what it takes. Unfortunately we only hear of the no-hopers in the media
Don

Very true Don

These are the people that need the tip $ and encouragement. So good to hear☺☺

Jc

We youngins work hard! we have to considering the housing price to income ratio is 2.5 times greater now that it was 30 years ago

Nice story Pickles. Improved my night somewhat.
Bobby D, hard work is a necessary pain but I want to let you know that 30 years ago we were on 17 % + interest on our housing loan.
All the best to your future & I hope rates stay down for you.
Cheers
Steve

Originally Posted by Saitch

Nice story Pickles. Improved my night somewhat.
Bobby D, hard work is a necessary pain but I want to let you know that 30 years ago we were on 17 % + interest on our housing loan.
All the best to your future & I hope rates stay down for you.
Cheers
Steve

We all know hard work is the only way of achieving your goal, it's not a new concept. Youth unemployment is actually very low at the moment, the lowest it's been for a long time, so we are all working hard. What's not new as well is the older generation complain about the younger, there is Ancient Greek texts that have these ramblings, very funny to read actually.

The reason why interest rates are low is because inflation is low and inflation is low because wage growth is slow. Slow wage growth means that the size of your repayments don't shrink much relative to your pay packet over the decades it takes to pay off a home loan. This is in contrast to most of the baby boomers, i mean yes, they had to put up with peak mortgage interest rates of 17 per cent for a while, but inflation was also much higher which meant the real size of their debt and repayments fell over the life of the loan (Not to mention that the initial size of their loans was generally much lower relative to their incomes than it is now).

I don't want to get into an argument about who has it harder, because of course every generation has worked hard over their time, each generation with unique challenges. But statically it is proven it is much harder to afford a house now, and yes the older generation has greatly benefited from the spike in house prices.

I don't own a house or land yet, but I plan on buying some land outside of the ACT and building my own house myself. I'm actually really excited to do so, every tradies dream, right?

Cheers, Bob.