We need to burst the bubble.
By
Sarah Norton

3 May 2016 - 11:47 AM  UPDATED 3 May 2016 - 12:49 PM

Last night 4 Corners shed light on the issue of housing affordability in Australia and negative gearing, that some argue is driving an increase in housing prices.

The story delved into the arguments between millennials and baby boomers. The show tweeted that, “Boomers want millennials to know it was patience and hard work – not luck – that got them into the housing market.”

Before, during and after the show’s airing, social media buzzed with opinions and reactions to the housing debate. Many of the loudest voices shouting for people who are trying to break into the housing market.

The show was watched by many Australians on the eve of the Federal Budget. It highlighted how people trying to become homeowners are doubtful they’ll ever get there. It delved into the world of investors who are buying houses they’ll never occupy, preventing young hopefuls from getting into the market at all.

The Feed
You Can't Buy A House And It's Not Your Fault: Jan Fran explains
Home ownership among the young has hit the lowest rate in thirty years. Gen Y are increasingly feeling that owning their own home is not an achievable goal.

Social media was fuelled with angry voices from around the nation.

Some voices came through, standing up for housing in Australia.

But most voices came from upset millennials or those in support of their struggles.

 

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