Saturday, August 21, 2004
price war
this afternoon we went looking at houses and apartments around our area. we live in sydney's nothern beaches. we currently rent an apartment or unit. we would like to buy a place of our own, but in looking at the the options on the market, you would seriously need about 600 thousand dollars just to get in the door to most places. and these are the shit boxes, that need serious attention or in a lot of cases to be torn down. i came away today feeling terribly discouraged and frustrated. the insane thing about it, is that people are willing to pay that amount and often times much more. where do they get this kind of money, and for the people who don't have it, how can they afford the payments on a loan of that much? i am failing to understand this. with the cost of living in a city like sydney so ridiculously high, how can one afford to live in a house or apartment at that price on top?