ARE WE BEING FORCED TO DO THINGS WE DONT WANT TO DO?

 Having been in real estate for 27 years I have seen a lot of things come and go.

Having Mum and Dad be the bank for their children was pretty unheard of really unless you had extremely wealthy parents, investors mainly bought locally (usually in their suburb) down sizers would not have even considered apartment living - that would only be 8 years or so ago.

The downsizers with the lack of homes in your area you have been forced into apartment living as that's all your options, the builders have not built the homes that you want to retire in and now they would be way too expensive for you anyway.

Is it because the market is just going way above everyone's reach? My answer is yes. I can honestly see in the future that children will take over the parent's mortgages (well I suppose it depends if the Government doesn't make it too hard for the kids to get their parents super once they have gone also) this is very common overseas. Maybe you need to go on the title earlier ha ha you know what our Government is like they will invent something else so you have to sell. 

The kids just have to stay at home longer or in their parents' investment property to save their deposits and parents don't charge them any rent. There is no longer the choice for them - poor parents - poor kids.

I have also noticed that Grandparents are now being used as the sitters or nannies to help save their kids some money, so there's not grand retirement plans for them is it (just make sure you don't use your best years up here; this is the time you need to travel).

Grandparents are very special people to have in children's lives, but they need to be the spoiler, the one that does special things for the kids, not bring them up. 

Europe for a long time have had their parents in their homes, Australians have always been very different (although they are now being forced to with the lack of availability of aged care), the other option is the granny flat in the back yard - makes good sense to me.

Are we being forced to do things we simply just don't want to do? - yes as we don't have any other options as the Government is not keeping up with the demand on anything, aged care homes should have been built a long time ago for those baby boomers coming up. Now we have no hope in catching up. 

With doing a lot of appraisals for elderly people sometimes it's just too late for them to move they are too old it would kill them - I tell them the truth of course. Reverse mortgage I would never recommend it unless absolutely it's necessary, perhaps ask your older kids for money, get that put onto the title of your home for when the kids sell it, these are real options you know - talk to us if you need some insight to options or the right people to give them to you.

Is real estate too expensive - yes - but there's not a damn thing we can do about it - so if you need to buy - just buy what you can afford - do it soon - do it today stop hesitating it's not the right move.

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK AND THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!!