RE: Life is a debt trap

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Housing cost are an absolute joke as a house is a basic need and now it's become a cash cow for the bank's etc.



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It's being treated as a commodity and a retirement investment. This is the lie that was sold to our parents generation because houses weren't typically being bought for that purpose previously. If you owned more than 1 house going back to our grandparents era people would have thought why?

Many people bought multiple so their whole family lived in the same street. This is still a practice in regional towns.

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A commodity it should never have become.

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Agreed with that, if COVID continues there will he and shift in the housing market which will see city prices reduce and more regional areas receive investment.

It will be interesting to see what occurs over the next 5 years.

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