this post was submitted on 25 Mar 2024
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Draining entire superannuation savings wouldn’t cover most young couples’ home deposits, research finds (www.theguardian.com)
submitted 7 months ago by [email protected] to c/[email protected]
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Research by the Association of Superannuation Funds of Australia casts doubt on the Coalition’s plan

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[–] [email protected] 1 points 7 months ago (1 children)

in neither case did it end up with them making very much money on the deal.

The point isn't really to make money (you're not supporting the current housing crisis with your desire to financially gain from a home are you?? 😉 ), it's more to move in to something more size and maintenance appropriate.

[–] [email protected] 5 points 7 months ago (1 children)

I guess I was addressing the "living in poverty" part of the parent comment and the suggestion to downsize in your follow-up. I thought you meant to downsize to get some money to pay the bills. But it seems like you're saying to downsize to get a house which is easier to maintain?

[–] [email protected] 2 points 7 months ago

¿Por qué no los dos?

Can't manage a large property... sell large property, acquire money... purchase suitable sized property and use balance of cash for a motorbike, or a jet ski, or just keeping up with the rising cost of living.

Why go broke (both financially and physically) in a large house as an old person?