@macca Makes a lot of sense macca I would like to be 50 years younger also, though I not sure if I would want to change to much as I have had a pretty good innings so far.The lifestyle choices made by those who have accumulated assets are much the same as the younger generation face now.
You can only spend it once still applies,
if you borrow to spend then you will have to pay it back from future earnings still applies
Buy needs not wants still applies
Have two jobs still works
live in modest housing still works
drive a cheap reliable car that will do the job
Instead of an OS holiday twice a year buy some shares with the money
invest in your skills set for better income for the same hours
Sell garage sale stuff on ebay new opportunity
be an influencer ads and freebies new opportunity
be a part time carer for NDIS new opportunity
Heaps of things that are new in todays world that I believe I could make money from if young and aware of todays trends (which I am not)
Yep, so part of the reason the cost of living has gone up is because of the price of land caused by increased population, but also just the sheer increase of the goods and services we now take for granted has risen.
Did you know that most food items are now 10 times cheaper than they were in 1960, if you compare it to how many minutes the average wage took to pay for it.
I think value hunter suffers from life dysmorphia.
And yet people like you are somehow convinced that continued immigration is a good thing..... I am sure it helps you as the properties you own become worth more.because of the price of land caused by increased population,
I doubt it is true when you look at basic food items with good quality (general food quality has gone down over time). Sure if you are talking about chocolate or supermarket bread its probably cheaper today but if you are trying to tell me grass fed steak or organic free range eggs (probably fairly equivalent in quality to what standard eggs and steak were like back in the day) are cheaper today then back in the day I doubt it.Did you know that most food items are now 10 times cheaper than they were in 1960, if you compare it to how many minutes the average wage took to pay for it.
rcw1 much prefers to live in style in a cave ha ha ha ha
True but also irrelevant. You can always point out that there are people worse off than you. This does not negate the point that for younger generations in 1st world countries their standard of living is falling. Only people who are deliberately blind like Value Collector will debate that this is the case.Get a grip the majority of the world lives like this
Yet the majority will whinge and whine and the few will take advantage of what a first world country can only make possible .True but also irrelevant. You can always point out that there are people worse off than you. This does not negate the point that for younger generations in 1st world countries their standard of living is falling. Only people who are deliberately blind like Value Collector will debate that this is the case.
If you read my thread title it’s far more than that !the thread is about home ownership.
does one ounce of gold still buy you a very nice tailored suit , that was the historic measure of gold vs .actual buying power in the last 200 years ?I am not saying people should just cry about it but we need to honestly accept that life has gotten harder for the majority of young people now. The reality is that in a city like Sydney or Melbourne even young people who do all the right things scrimpping and saving, working two jobs, living with their parents to save rent, not taking vacations, etc they typically end up buying a house on the fringe of the city 50km - 100km from the CBD because that is what they can afford. 40 years ago young people who made the same sacrifices could buy a house
5 - 20km from the CBD.
Not just that but even 20 years ago I remember a lot of young people were renting one bedroom apartments or at least studio apartments with the paycheck from entry level jobs. Today young people with entry level jobs are mostly living in shared accommodation.
Value Collector you can make up whatever nonsense excuses you want to say that people's living standards have increased but the fact that your salary buys less than 1/4 of the ounces of gold it did in 1971 tells us everything we need to know. Gold has not changed an ounce of gold is still the same ounce of gold it was in 1971. The gold price has not risen its simply the currency which has fallen in value.
Yes it still does and there are in fact articles written about comparisons like this showing gold has maintained its value for hundreds if not thousands of years.does one ounce of gold still buy you a very nice tailored suit , that was the historic measure of gold vs .actual buying power in the last 200 years ?
i would suggest young people in a modern society have more demands/ distractions on the earnings they make , and many will not make the really hard choices .. for instance the last TV i bought was $10 and i bought it because it would double as a computer screen ( seamlessly ) , a radio ? i haven't bought on of them for over 40 years , car .. the last car i bought was $100 , all it needed to do was go around the property where i was residing/working ( i much prefer a bicycle for traveling the wider world )True but also irrelevant. You can always point out that there are people worse off than you. This does not negate the point that for younger generations in 1st world countries their standard of living is falling. Only people who are deliberately blind like Value Collector will debate that this is the case.
I am doing just fine thank you.If you are committed you’ll find a way .
VHI am doing just fine thank you.
SOME immigration is a good thing , but NOT just to increase the tax-baseAnd yet people like you are somehow convinced that continued immigration is a good thing..... I am sure it helps you as the properties you own become worth more.
ImhoYet the majority will whinge and whine and the few will take advantage of what a first world country can only make possible .
We are all born naked and penniless
So it’s tougher
Toughen up and find a way bring others with you
Make your circle one worth having
Find solutions don’t create problems
If you don’t want to be financially independent don’t carry on about how opportunities aren’t like they were when the oldies were kids woe is me.
If you are committed you’ll find a way .
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