Quote:
Originally Posted by leesa
Sorry Yellow Festiva but at 42 you're out of touch with the experience of younger generations. You got in at the tail end of a reasonable economy, just before the industry was shifted to an investment opportunity. If you had to do it all again today, including saving for a deposit while also paying rent at today's rates, I'd think you'd have quite a different experience.
Edit: out of interest how much did you pay for the million dollar mansion that you just sold?
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Out of touch?? I'm a High School teacher. I think I have a pretty good grasp on the younger generation.
I paid $525k for vacant land in cash after selling off other assets and built it together with a builder using surplus funds and borrowed money. I did a lot of the work myself where I could, sourced materials myself, saved money where I could.
https://www.domain.com.au/885b-henry...213-2016939715
If I did it all again nothing would change. Hard work across multiple jobs, sacrifice, investing and watching what I spend.
Sometimes the game gets harder, but the fundamental rules stay the same.