Quote:
Originally Posted by trollface
I have no idea how ppl in their 30's pull it off anymore.
Houses went from 400k to 2.5m. A crappy TH will run you 700-800 now. That's a 2k mort payment every month before you even turn the lights on. If you make 100k, that eats up half your monthly income before you even think about eating. Let's not even think about Strata fees and $2.22 gas.
Yet everyone I work with has a 50k car. Depressing af.
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Well, people aren't buying houses on their own anymore - a property that is larger than a 1-bedroom/studio requires two incomes nowadays.
Everything these days is costed to monthly payments. A 50K car is not that expensive if leased or if financed over 7/8 years (which is crazy). It's the same with homes - the majority of households are looking at monthly costs.
Anyway, I officially hit mid-life this year. After putting 2 kids through daycare, doing a Masters, and upgrading to our long-term home during the pandemic, I figured it was time to get back into the hobby, so I picked up one of these a few weeks ago:
