Quote:
Originally Posted by Pugsley
Do you own a home or rent? I ask because I find a lot of animosity around this issue with people who rent today and are now facing higher rents from people who saved, bought a home back in the day, and are reaping the rewards.
I have empathy for those who are seeing rent increases but it really is a choice made. 20 years ago we scrapped together the basic deposit over a period of 5-years of saving to get a deposit and BUY our first home. We sacrificed a lot to do that. AND, we sacrificed a lot in the first few years thereafter balancing a mortgage payment, knowing we'd be better off owning than renting.
We had friends who chose to rent and spent the money on dinners, trips, and more. Things we didn't get to do. There motto was "live for the day", not tomorrow.
I ask this because I sense a lot of resentment for people based on their choices. We all have them. We shouldn't blame another generation for having different priotities and investing in real estate.
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I have no animosity toward anybody around this issue. But I know what you mean - I see a lot of comments on Retail Talk and Share when they're discussing new apartment developments - "another building that nobody can afford to live in." "Rich people getting richer off the backs of us average people" etc.