Post by sherri on Oct 30, 2017 23:03:44 GMT
Just read this on one internet site.
It's about a reality TV show here called "The Block."
Now, the Block is a renovator show, were 5 sets of contestants were given houses next to each other & each week had to renovate & furnish a room, with points given at the end of each week to the winners for that room. Then at the end they do up the garden etc and finally the houses go to auction. The couple who can get the most over their reserve get $100,000 in prize money plus all contestants get to keep anything over the reserve.
www.msn.com/en-au/entertainment/tv/the-block-finale-just-opened-our-eyes-to-a-seriously-depressing-reality/ar-AAucUQi?ocid=spartandhp
Now, there was major disappointment for some partners because their houses 'only' reached eg $2.6 million (which was under reserve), although they did sell immediately after auction for a decent profit.
But the article has a point. It's getting almost impossible for what I consider normal people to get a toe hold in the property market now. I worry about my grandkids.
Back when I was young, people could buy in inner suburbs but there is now a huge divide. There is no way I could afford any of these places & I don't see how average workers on wages under $100,000pa (which is most people) could.
So it makes me wonder-where to next for the young ones?
It's about a reality TV show here called "The Block."
Now, the Block is a renovator show, were 5 sets of contestants were given houses next to each other & each week had to renovate & furnish a room, with points given at the end of each week to the winners for that room. Then at the end they do up the garden etc and finally the houses go to auction. The couple who can get the most over their reserve get $100,000 in prize money plus all contestants get to keep anything over the reserve.
www.msn.com/en-au/entertainment/tv/the-block-finale-just-opened-our-eyes-to-a-seriously-depressing-reality/ar-AAucUQi?ocid=spartandhp
Now, there was major disappointment for some partners because their houses 'only' reached eg $2.6 million (which was under reserve), although they did sell immediately after auction for a decent profit.
But the article has a point. It's getting almost impossible for what I consider normal people to get a toe hold in the property market now. I worry about my grandkids.
Back when I was young, people could buy in inner suburbs but there is now a huge divide. There is no way I could afford any of these places & I don't see how average workers on wages under $100,000pa (which is most people) could.
So it makes me wonder-where to next for the young ones?
