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Old 26th Mar 2024, 06:17
  #1064 (permalink)  
Ollie Onion
 
Join Date: Mar 2012
Location: Dark Side of the Moon
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My mate bought a house in Sydney when he got his first Jet job in 2005, his fiance who is a Lawyer also owned a home. Both homes together would have cost a total of $1 million, both were able to purchase them with a $50k deposit and on a single income. EACH house would be approaching $1.8 million in value and are mortgage free with one being rented. Not for a second do I think they achieved this personal worth of almost $4million through astute financial management, they were bloody lucky and rode the market. No way could a single 24 year old pilot in their first Jet job get a mortgage to by an average Sydney property now. To tell young pilots to work harder and cut out the coffees and smashed avo just minimises the actual problem, wages have not kept pace with the cost of living. I feel sorry for young people now, my kids will only get a house if we help them which fortunately we can do
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