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My disdain for mega banks knowns no end
(i.imgur.com)
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this post was submitted on 29 Jun 2024
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It was an Australian Senator that said that in a comment about housing affordability for young people, about them being able to afford a deposit if they weren't so frivolous with money.
Ironically, totting that up, and assuming that they buy that every day ceaselessly, and that the cafe never closes, it's only 10 grand, and Australian housing prices are high enough that in most places, that's not even enough for a 5% deposit for a $500,000 home. You would only be half-way there.
You'd still not be able to afford the mortgage, even after buying said home.