If you get five spare minutes today, make sure you watch the above tirade by Alan Kohler on Australian housing , whereby he cheers on Australian house prices and effectively tells first home buyers to eat shit.
While there are many disgraceful quotes in the video, these ones below are perhaps the worst:
“[Is it] all that bad if prices are high? Everyone’s complaining that Australian houses are overvalued. And I’m saying ‘yeah it’s bad for first home buyers’… [My kids’] are complaining to me that they can’t buy a house cause they are having to rent all the time. Well, actually is that so bad? So rent!”…
“The fact that house prices are overvalued is great for retirees. So then they can support their poor renting kids… But the kids don’t really need to buy a house”.
He goes on to joke that the youthful interviewer couldn’t afford his home anyway.
Seriously, you cannot make this stuff up – it is one of the best examples of baby boomer self-interest that I have seen.
Watch it for yourself and literally feel your blood pressure rise.