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I know this is satire, but I want to address a few things anyway:
1) If you plan to use something for 4+ hours every day for 2+ years, then it's worth spending a few grand on it. It doesn't matter whether it's a bed, a phone, a laptop or a nice suit that you wear at work. You're putting those objects to good use, so that money is being spent well. It's only a waste if you spend 2k on something you only plan to use a few times, but that's not at all the case here.
2) Houses in inner city Melbourne/Sydney are unaffordable regardless of how much people save. Even if people go without a phone, without a car, without a holiday, without any weekends, they still can't afford that $1.5m price tag for that broken down shack 10kms away from the city, so the problem is more to do with excessive costs than lack of savings.
3) My grandpa bought 2 houses in Strathmore (inner city Melbourne) working as a mechanic. Nowadays, doctors and lawyers are struggling to afford even one of those houses when they earn 4x what a mechanic does. Older folks need to acknowledge how much easier they had it.
You can rack lines off both sides of this model. That's a major upgrade, this iPhone is precisely 100% more useful than the old version, by usable surface area.
Brenden Stenhouse Marky Marc Taranto Jarrod Michell "the system is geared against us, my dad had a house and a car on a tradie wage when he was my age" - tradie who once had a coke bender and woke up in Bali
I like the fact that people are finding it hard to buy property and are coming to terms with it.. just means more long term tenants =)