A drop -out for high school that is played real estate, says that reports about a home crisis are 'exaggerated' and it says that it has never been easier to buy a house.
Jack Henderson, 28, claims to have built a real estate portfolio worth more than $ 35 million since he saved his employment controls to buy his first home in Sydney just 18 – three years after he was kicked out of school.
His first first building was a $ 720.00 apartment with two bedrooms in the suburb of Coogee on the beach. He saved the money for his deposit while still living at home.
He believes that the reason that many younger Australians have difficulty buying real estate is because they 'want everything now'.
Unlike previous generations, Mr Henderson believes that younger people are not willing to bring the lifestyle sacrifices needed to save money.
“Of course there are many people who are making a hard time, but I think SBS Insight was published to SBS Insight on Tuesday evening,” Mr Henderson said.
'It is very easy to spend money with everything within reach, everything is on our phone. We want the newest of everything.
“We want our cake and we want to eat it too.”
Jack Henderson (photo) said that SBS Insight is now the 'easiest it ever' to buy real estate
When host Kumi Taguchi (photo) was questioned, Mr Henderson claimed that Australia was a 'expenditure crisis costs' and the financial misery of people contributed to their lifestyle habits
Mr Henderson's comments left several members of the public, but that did not stop him from giving hard advice.
“Everyone can do his bit to try to earn more money and reduce what they spend,” Mr Henderson continued.
“But to say that there are aa costs of living crisis, I think it's a bit exaggerated.”
Host Kumi Taguchi pushed him further and asked Mr Henderson: “What would you call it? Lifestyle? '
He replied: 'We got used to two percent interest rates and we got used to everything that was much more affordable than what it was.
'You only have to drive a highway and look at 90 percent of the cars on the road and see that they are all new model cars.
'I am sure that most people in the audience open their phones and it is a brand new phone or one of the latest phones.
“Those things are not cheap and they are not free.”
Public members were stunned while listening to Mr Hendson
Henderson (Left) bought his first house, an apartment with two bedrooms in Coogee, for $ 720,000 at the age of 18
Taguchi insisted on Mr Henderson to be easier in his answers and asked him, “Why do you think some of us are struggling?”
The 28-year-old answered 'people struggling in all economies' but' people who keep up with the world will earn more money than they ever have, and they will probably work less than they ever have. ”
He also refuted claims that it is more difficult than ever For aussies to in the Real estate market.
“It is easiest that it has ever been (to buy a house) with all the incentives that are there for the first time buyers in many states,” said Mr Henderson.
'You need a deposit of five percent, you pay the mortgage insurance of no lender, you do not pay stamp rights.
“The only thing that is easier than that would give you a house for free.”
Many public members looked unbelieving with his comments, including economist Evan Lucas.
“At any time in history you had to work harder to get that five percent deposit to actually get to a point that you can buy a house,” he explained.
'Where do you buy this house?
'Housing prize composed interest now has blown up for most people for the places they would like to buy, in the areas they can work to continue to maintain the mortgage.
“The other difference is those who have assets versus those who have never been bigger either.”
Mr Henderson's comments about SBS Insight were labeled 'one -dimensional' by some viewers and 'honestly' by others
Mr Henderson's views divided viewers, with a number of comments on supporting his non -welfare truths.
'Do you totally agree. I trust no one but myself. I worked hard for my fantastic retirement, “they wrote.
“Good that you go to the show would have been difficult to do,” said another.
However, others were not impressed, in which one commentator labeled Mr Henderson's answer as 'very one dimensional'.
“Speaking like someone who has probably experienced minimal adversity in life and misses empathy for others,” they wrote.
“Maybe if we don't pay much tax, we will not be so worried about what the government does or does not do for us.”
