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Readers say buying house for kids is 'not even slightly viable'

The comments came after Prime Minister Malcolm Turnbull said wealthy parents should
The comments came after Prime Minister Malcolm Turnbull said wealthy parents should "shell out" to help their children who are locked out of Australia's property market. Brett Wortman

THE majority of Sunshine Coast Daily readers say they're flat out affording their own house without even contemplating buying their children a house.

The comments came after prime minister Malcolm Turnbull said wealthy parents should "shell out" to help their children who are locked out of Australia's property market.

Some agreed that the rich should help their kids.

"He is suggesting that a wealthy man whinging that his kids can't afford a home help them get into the property market," Elle Francis commented.

"Obviously parents already struggling shouldn't be overextending themselves but if I was worth millions I certainly wouldn't be sitting back saying, 'my poor kids' and doing nothing to help them out."

"He was talking to a millionaire who was complaining his kids could not buy a house. Of course the guy should help them with the deposit if he can and the kids deserve it," Scott Hochgesang said.

Most people agreed though that normal income earners could not provide such a luxury to their kids.

"Most parents are flat our paying for their own house," Jules Evans said.

"Parents have a hard time getting their own home let alone the responsibility and expectation for their kids too," Rachel James wrote.

"It's hard enough for parents to survive in a lot of cases, so how are they supposed to buy houses for their children, especially if they have more than one child," Allison Flanders said.

"I personally don't see how it is even slightly viable for my parents to buy me a house," Tom Bedingfield said.

"I think teaching your kids to be money savvy is important from a young age, that is the best thing they can do to help them be ready to buy their own house. Keep giving in to everything they want and they will learn nothing and expect everything," Sarah Leahy concluded.

Topics:  general-seniors-news house malcolm turnbull real estate


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