Oddbean new post about login | logout The #AUStriches Housing Ponzi will be kept afloat with 50-year mortgages. Nevermind that it now takes 26 years for a school-leaver to save up for a deposit on the average home meaning these people will be in their 90s by the time they pay off their hooom; the Boomers must be kept dumb and happy at all costs! https://i.nostr.build/DP3VWDTBkNWvN7FQ.jpg https://i.nostr.build/XQ7e8SiDFJ8tFAYY.jpg nostr:note1xykr5mdlwfuhl8sjveyptwqj336d50e6v9u0suc0hyen2r2d60fswzu4z9
Either rent from a landlord or rent from the bank.
The State still owns the land either way unfortunately.
Yes. nostr:nevent1qqspvnvh2zj4dkl96ln546xyf9fqu0wk3emnrllt63k0l3udwnj4npgpz4mhxue69uhhyetvv9ujumn0wd68ytnzvuhsygx2kng3zpdcd86qjftscgd7hp5feafpkua9qtdgessaxf57dxjvpypsgqqqqqqsscr8qk
Pump that ponzi
The bank of mum and dad is gonna take on a new meaning with multigenerational mortgages like this
17 years to save up for the deposit, 50 years to pay it off, then reverse mortgage to live in your golden years what could go wrong, keep pumping the ponzi
The parasites seem to think this is just how it’s going to be, as if nobody has any agency whatsoever to determine if that’s a system they want to plough 7 decades of adulthood in to. It’s not going to work out how they think it will..
