This comparison exposes the systemic decoupling of wages from property values, marking the death of housing as a social utility. It highlights a grim reality where home ownership has shifted from a reward for labor to a privilege of inherited wealth.
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In 1965 it took two years to save for a house, how long does it take now? đž #Housing #HousingCrisisAjoutĂ© :
Did it take a lot of saving to get a house?
>> Yes, a considerable amount of saving.
About 2 years. It's impossible unless someone inherited from their parents.
>> 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.
They're quite willing to give it to you, you know, if you have a steady job and what not.
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.
>> 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?
>> We can always go, "Oh, it was so much easier back then."
But unless you were from there, I don't know.
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