Gen Y; Just like Gen X but with interest

With all the media pitching and yawing about Gen Y unable to buy houses for the same reasons as Gen X only people give a fuck about them….it’s worth making the only statement that needs to be made;

Sydney house prices have risen 88% since 2009. The price-t0-earnings ratio is all you need to know. Not much can keep up with that kind of growth. Everything else is just intergenerational warfare to keep us all entertained.

As I have said before, the comes a point where growth impacts its own growth. Sydney is at the point of pole-axing itself. It is reducing itself to a hollowed out facade of banal avarice and 100% proof suburbia, a museum exhibit. I love Sydney but it’s on its way out.

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