When your children grow up fears of them getting sick, making friends, learning to drive begin to lessen but these days are replaced by the million dollar question, writes Kate Halfpenny. | OPINION
When my kids were little I had two fears: meningococcal and choking. The first never happened but the second did, when my daughter turned blue eating roast lamb and her dad had to knock out her front teeth to save her.
They moved out, the fears lessened. What was to worry about? They were armed with degrees, knew how to ski, drive manual cars and use power drills, had lovely partners and exciting career paths.Figures showingPrices jump daily by over $1000.Where will our adult children live and raise families, especially in a post-pandemic world where it will be on them to repay billions to the public purse?
Even if they manage the Herculean feat of getting into the market, the stonking mortgage repayments mean yes, you have a living room but can’t afford to leave it. None of my grandparents ever owned property. My parents bought a brick veneer in Glen Waverley in 1971 for $26,000, which was $6000 more than their combined salaries. There was room in the budget for cashews and after dinner mints at Saturday night parties.My first place was in West Footscray, a Californian bungalow with an endless backyard. We paid $122,000, about one and a half times what we earned in a year.
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