"I’ve been saving for a house for about five years. And I’m further away than when I started,” he sighs.

Literally how we felt, and that was quite a few years back. Can't imagine how it feels these days.

When it comes to those in their 30s, Grattan Institute data shows that in 2016, 30-year-olds contributed twice as much to support older Australians’ living standards than Boomers did at 30. And that’s adjusted for inflation. ... The data projections expect 30-year-olds in 2041 to be paying nearly four times more.

Solid data behind the ladder pulling younger generations have been calling out since before the whole "avocado toast" boomer entitlement.

this generation has contributed more to support older generations ... in part, because more well-off, older Australians are paying less tax.

I guarantee boomers and Gen-X won't support a rebalancing, especially the type of rebalancing required — where housing being treated as an investment vehicle needs to cease via a dozen extreme regulations — like banning all ownership beyond a single investment property, banning all corporate ownership including SMSF's, banning of non-resident ownership, extreme taxes for empty property, and most penalties (beyond a sensible grace period) including outright forfeiture and resale of the entire asset; coupled with strong tenancy regulations to bring us in line with the EU, where the status quo is the opposite of Australia, instead of renting = temporary accommodation and housing insecurity.

I've been saying all this shit for years. Fuck John Howard and fuck greedy boomers.

Housing is a human right.

I totally hit the 30 year olds 30 years ago and my son is in the same age range now. He can't afford to live on his own and I figured that if I was going to help him, I'd rather buy a condo for him to live in. I plan on putting it in his name when its paid off. Then I know he'll have stable housing after I die. HOA + property taxes + utilities are way cheaper than rent.

So I just read this, having just turned 30 in February and my wife turning 30 in 3 weeks time; it is super depressing.

We're not even doing that badly we think, we are paying off two houses live in one rent the other. I'm a qualified tradesmen for the last 9 years my wife is about to finish her apprenticeship after 4 years.

We're struggling, we're not drowning I guess but fuck me we both work flat out 50 plus hours a week each and have no idea how we're going to have children, pay for them especially while one of us stays home to look after them.

Obviously we're doing better then a lot but people should be able to have one home on a single wage and support a family.