In 1965 it took two years to save for a house, how long does it take now? 💸 #Housing #HousingCrisis

Added: 2026-05-06

[00:00:00]Did it take a lot of saving to get a house?

[00:00:02]>> Yes, a considerable amount of saving.

[00:00:04]About 2 years. It's impossible unless someone inherited from their parents.

[00:00:08]>> Forever, probably. It was probably like a solid 8 or 9 years. In a matter of few years. Uh first one, I saved for about a year. Yeah, my partner and I did. Uh second one, we used the equity to purchase. Maybe like 5, 6 years more. I started saving maybe about 10 years prior. Did you find any difficulty in getting the finance? No, not really. No.

[00:00:29]They're quite willing to give it to you, you know, if you have a steady job and what not.

[00:00:33]It wasn't too bad, but I mean that being said, we both have apartments, so we would eventually like to have a house, but we don't know if we'd have to be able to. I reckon that my family, I reckon I'll be able to afford a house.

[00:00:44]>> We're actually comparing these answers to videos that we recorded in the '60s of people who bought houses. What do you think about that?

[00:00:51]>> We can always go, "Oh, it was so much easier back then."

[00:00:54]But unless you were from there, I don't know.