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Locked Out? Turning 45 and bearing the distinction of being a 'no home buyer' - Sam de Brito; Investors lock out a generation from home ownership
Topic Started: 26 Jan 2014, 03:59 PM (11,625 Views)
Count du Monet
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themoops
26 Jan 2014, 05:52 PM
Are you a bull now Count?

He's right to be whinging about house prices, but not in Bondi.

To be fair he is a writer, and a good one, so it takes time and selflessness to do that. Rather than just becoming a bloodless dislikeable person corporate slut like most of you lot.
For buying a ppor in Sydney....yes. Although I'd target 2016 for making a purchase. After that rising prices and rising rents, for the Sydney lubber now is the time to plan that purchase. I'd target a year or two later for other capitals.

However for investors right at this moment, I'd choose shares over property.

I've been a property bear since easter 2008, with me it's a question of timing. I'm not a perma bull or bear on anything.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Decimator4000
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He made a life choice to be a writer. Don't give him sympathy.

Much like some people make life choices to invest in houses, to better the accommodation of people without their own place.

Stop being such a hypocrite moops.
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themoops
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Count du Monet
26 Jan 2014, 06:11 PM
For buying a ppor in Sydney....yes. Although I'd target 2016 for making a purchase. After that rising prices and rising rents, for the Sydney lubber now is the time to plan that purchase. I'd target a year or two later for other capitals.

However for investors right at this moment, I'd choose shares over property.

I've been a property bear since easter 2008, with me it's a question of timing. I'm not a perma bull or bear on anything.
So you may as well just say buy now. What makes 2016 so good?
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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Count du Monet
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themoops
26 Jan 2014, 06:16 PM
So you may as well just say buy now. What makes 2016 so good?
Last drinks for good prices!

We are talking about ppor's here. The life style element is worth something and you end up paying for it!

2016 will be a good year to get in, rather than face rising prices after that.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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themoops
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Decimator4000
26 Jan 2014, 06:12 PM
He made a life choice to be a writer. Don't give him sympathy.

to better the accommodation of people without their own place.

Stop being such a hypocrite moops.
Oh please, don't tell me you became an "investor" to help others.

I don't really give him sympathy because he's just another lefty who refuses to see the connection between mass immigration and house prices. In fact generally I hate these people more than I hate bulls.

But fundamentally we do need people to write and create art. So on that account I do have sympathy.

Unless you're happy for your "art" to solely be the likes of The Block and Underbelly, which I suspect you are.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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Strindberg
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The picture in the article is labelled:
Quote:
 
Locked out: Who will acknowledge the "total disenfranchisement of a generation from home ownership?"

Nobody should acknowledge that statement. It is false. His generation are not totally disenfranchised or locked out. The majority of his generation are home owners.

He himself is in a minority as a renter in his generation. A 25% deposit would result in mortgage payments being less than the rent he is paying. He's had 27 years to save such a deposit.

The latest ABS data (for 2011/12) shows:

62.1% of households with the reference person aged 35-44 are owners.

74.6% of households with the reference person aged 45-54 are owners.

Posted Image



Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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stinkbug
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Strindberg
26 Jan 2014, 06:30 PM
The picture in the article is labelled:
Locked out: Who will acknowledge the "total disenfranchisement of a generation from home ownership?"

Nobody should acknowledge that statement. It is false. His generation are not totally disenfranchised or locked out. The majority of his generation are home owners.
Spot on. From a financial perspective, the guy is an underachiever. If he had invested elsewhere he would easily have enough money for a deposit, or to simply buy outright.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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jesusjones
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45!! He needs to get a wife and kids or he will
Be a lonely man left on the shelf.. He sounds like a few guys I know
there's only so much partying and living in nice areas pretending to be rich
and blowing money sniffing coke off hot Korean hookers arse you can do on a weekend.
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Count du Monet
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It's no use going boo-hoo, boo-hoo. This is his upcoming opportunity to buy, he should start working on it. Bondi isn't going for axes and blankets anymore.

Unless he can rig a free house from the government, this is his time to start planning. He could put money in shares right now, make some earnings there for a deposit in 2016.
jesusjones
26 Jan 2014, 06:44 PM
45!! He needs to get a wife and kids

Maybe he is gay? :D

In any case, what's the use? The wife turns into a bitch (they do that from 35 onwards) and he's paying an arm and a leg for years for kids he hardly sees. :lol
Edited by Count du Monet, 26 Jan 2014, 06:52 PM.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Decimator4000
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themoops
26 Jan 2014, 06:22 PM
Oh please, don't tell me you became an "investor" to help others.

I don't really give him sympathy because he's just another lefty who refuses to see the connection between mass immigration and house prices. In fact generally I hate these people more than I hate bulls.

But fundamentally we do need people to write and create art. So on that account I do have sympathy.

Unless you're happy for your "art" to solely be the likes of The Block and Underbelly, which I suspect you are.
So we need people to make art but we don't need people to house the masses?

Weird.
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