This is part of our series “The Switch-up”, where we look at both sides of an issue, in a reasonable and balanced manner. In this case, we’re looking at housing affordability. Make sure you check out the link at the bottom for the other side!
86% of all property sales in Sydney and Melbourne include a clause that grants the seller the naming rights to the buyers’ firstborn. Millennials are outraged at this, but baby boomers have stated that they should have the rights to name their grandkids anyway, so this isn’t a big deal.
Real estate industry spokesman Ben Mussolini says this is only fair in the current market.
“Buyers have to be willing to set themselves apart from the pack if they want to get ahead. With the government’s misguided crackdown on blood sacrifice in the name of ‘housing affordability’, the market has found other ways to extract value.”
With the percentage reaching such high levels, experts are now speculating that we could see secondborn naming rights being included as well.
Early reports have also shown cases of Chinese property investors using the opportunity to name children “Gullible” and “Ignorant Whiteboy”. The Foreign Investment Review Board had no comment at this time.