Conversation

I got roped into listening in on a conversation between a small group of Gen-Y's yesterday. Let me assure you that this is not my natural habitat.

This was a conversation that lasted for an hour and a half - and the only topic they deemed worthy of discussion - was the housing market.

They spoke of this suburb or that, this home style or that, the merits or otherwise of a sauna or a spa and a pool, whether they needed a garage and a large yard or a small courtyard - and on it went. Even down to the colour of the paint that was used to adorn the walls. Complete obsession.

And why were they discussing housing? Because of this small group of six - most thought of themselves as potential *Real Estate Millionaires*?

Of course none of them are - they all have part time serving jobs or similar that they need to generate a cash flow - but the wannabe *REM's* were actually buying houses. Or more correctly, they somehow had managed to borrow enough money to acquire a residential property which they now called their own. And they were planning to acquire more of them just as soon as they could.

As I mentioned, this conversation went on for an hour and a half - now it was supposed to be a *guided* conversation - and the moderator tried to steer them off onto other topics.

* It was suggested that their education, career, job future were worthy candidates for discussion - no not interested.

* Business was suggested as a topic but the only business they were interested in was acquiring real estate.

* She tried to get them to discuss the GFC and its impacts - but they didn't know what it was. I kid you not!

* Politics, the nation, our national leadership - couldn't care less.

Because as we all know - acquiring real estate is the path to true wealth and happiness. Or that is what they told us ;-)