Yep, this is the reality unfortunately in Australia. You can call Aussie property a ponzi all you want (which I do) and hate on it all you want (which I do), but at the end of the day you need somewhere to live and to raise your kids. If you’re not prepared to pay the insane prices, there will be someone else who will. I can’t think of a way around it. Some family members have recently purchased a dual occupancy property on land which is a bit of a hack as it’s cheaper than buying individually, but that has its own compromises… caravan on the road 🤣?
Discussion
Ponzi. Yes. Hate on it. Yes
But, as you say, as entrepreneurs we have to play the game that we see in front of us…
Expensive real estate. Yes. Many other nice sides to life in Australia? Yes. Great food. Safe. English speaking. Emergency hospitals. Sunshine. Beaches.
As always
Trade offs
Ongoing convo!