A Melbourne property investor has deemed young Australians’ “animosity” towards baby boomers “distasteful” as he shared his experience being a landlord today.
A fed-up property investor has revealed why he is selling his investments as he hit out at young Australians over their “animosity” towards baby boomers.
He said the pricing market for the properties he and his wife bought have “dropped in the backside” and they were losing $15,000 a quarter running the properties. “I find, now, that the fact that we're not, and the fact that we are able to look after ourselves, there's still this pent-up animosity towards us.During the discussion about the impact of the 'boomer economy', he described young Australians' animosity as 'distasteful'. Picture: SBS Insight.
"You can't regain the money. All of a sudden, you're churning superannuation, and it's going out the door before it's coming in,” he said. Leanne and Leon Ryland appeared on the show on Tuesday alongside their son who said he approved of their choice to spend their hard-earned dollars on travelling to new destinations.
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