this post was submitted on 31 Jul 2023
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[–] cooopsspace@infosec.pub 1 points 1 year ago (2 children)

Every time I see an article like "they paid 1.4 mil for a 1 mil property" I ask the question, how were they allowed to overpay that much? I'd actually argue they shouldn't have been allowed to.

[–] Designate6361@lemmy.letthewookiee.win 1 points 1 year ago (1 children)

They came in with 10% deposit that mum and dad helped with and in some cases mum and dad were the guarantors.

[–] cooopsspace@infosec.pub 1 points 1 year ago

In a lot of cases they were spending mum and dad's money too, or nepositism to a senior position at daddy's work.

[–] Mittens_meow@aussie.zone 1 points 1 year ago

Because at the time, everything was overpriced. Easy to make judgements with hindsight