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Jilted generation stays with parents
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Newspaper Article
Jilted generation stays with parents
2012
Overview
High house prices are certainly one of those and it's not just that we haven't been building enough house prices, it's also that a lot of people have decided, older people have decided that they haven't actually got the revenue they expected to get from their pensions and so have started investing in buy-to-let speculation and that's certainly going on in Australia right, where huge numbers of people are buying up houses to let out, and turning a generation who can afford not to live with their parents into a kind of renter-class really who have no chance of being able to buy somewhere but who are forced to pay this kind of tariff to the older generation which is peculiar. So that's one. Of course old people say well no, that's absolutely outrageous and rightly so, this is my home. So what do you want to do about it really? That's the question, you know, because you can't have it always and we can't be worried about everything and yet do nothing for young adults. [MARK COLVIN]: The Guardian's [Shiv Malik] and The Spectator's [Ed Howker]. And you can hear the full version of that longer and very vigorous interview on this week's edition of Friday Late.
Publisher
Australian Broadcasting Corporation
Subject
