To understand why 30-somethings feel like they're struggling financially, the ABC analysed five factors — housing, healthcare, debt, tax, and income. The data reveals this generation is caught in an economic perfect storm.
The problem is if it were sold today it’s a 100k loss.
How does that work? House prices have been going up since forever. Even if you bought at the highest peak and sold at the lowest trough of the last 5 or 6 years (if not longer) I’d be surprised if you managed to lose money on a house.
We own two houses because we bought a house each before we were ever together to live in.
The house we have rented out doesn’t even cover the mortgage costs of the house. The problem is if it were sold today it’s a 100k loss.
I’m not saying we’re on full on struggle street but two incomes should be heaps, instead it pays for just enough for a regular life.
We should be in a way better position.
How does that work? House prices have been going up since forever. Even if you bought at the highest peak and sold at the lowest trough of the last 5 or 6 years (if not longer) I’d be surprised if you managed to lose money on a house.
Because one house is in the northern Territory and property prices fell out the arse after the gasplant build