Comments on: Australian Investors Mistakenly Buying American Real Estate http://www.dailyreckoning.com.au/australians-buy-american-real-estate/2007/07/12/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 10:39:45 -0600 http://wordpress.org/?v=2.8 hourly 1 By: C M B Drive http://www.dailyreckoning.com.au/australians-buy-american-real-estate/2007/07/12/comment-page-1/#comment-46257 C M B Drive Mon, 13 Oct 2008 13:36:08 +0000 http://www.dailyreckoning.com.au/australians-buy-american-real-estate/2007/07/12/#comment-46257 It is so false to keep perpetuating this myth that everyone owned their own home in Australia in the past. It is utter BS. The percentage of people who own their home is higher now than ever before and people thinking it is their entitlement to own their home are the ones getting themselves in trouble. And that has happened before - in every generation. Painting false pictures of entitlement and 'the Australian dream'is not helpful. Saying that we aspire to is something else - while we might aspire - we may never get. The last couple of generations with their 'instant gratification' mode on full may well come a cropper -and it is just par for the course. Getting sick of all these people whining about mortgage stress - because they are largely all 'have to have it all right now' generation people. Get over yourselves and try thinking about all the people who never have and never will own their own home - people who have a disability, on pensions etc. Stop with the me me me stuff. It is so false to keep perpetuating this myth that everyone owned their own home in Australia in the past. It is utter BS. The percentage of people who own their home is higher now than ever before and people thinking it is their entitlement to own their home are the ones getting themselves in trouble. And that has happened before - in every generation.

Painting false pictures of entitlement and 'the Australian dream'is not helpful. Saying that we aspire to is something else - while we might aspire - we may never get.

The last couple of generations with their 'instant gratification' mode on full may well come a cropper -and it is just par for the course.

Getting sick of all these people whining about mortgage stress - because they are largely all 'have to have it all right now' generation people. Get over yourselves and try thinking about all the people who never have and never will own their own home - people who have a disability, on pensions etc.

Stop with the me me me stuff.

]]> By: Real estate private sale http://www.dailyreckoning.com.au/australians-buy-american-real-estate/2007/07/12/comment-page-1/#comment-7880 Real estate private sale Sat, 16 Feb 2008 13:54:43 +0000 http://www.dailyreckoning.com.au/australians-buy-american-real-estate/2007/07/12/#comment-7880 A very correct summation Dan. Every day I see the real impact of people struggling with their mortgages. Its a double barrelled assualt really, in fact more like a gattling gun assualt on families with mortgages. First the banks lend to much and inappropriately and then when people get in trouble the actual cost of buying and selling adds to their woes. Home ownership used to be the pride of the nation but is quickly becoming an ancient artifact. A very correct summation Dan. Every day I see the real impact of people struggling with their mortgages. Its a double barrelled assualt really, in fact more like a gattling gun assualt on families with mortgages.

First the banks lend to much and inappropriately and then when people get in trouble the actual cost of buying and selling adds to their woes.

Home ownership used to be the pride of the nation but is quickly becoming an ancient artifact.

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