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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 (11,624 Views)
Catweasel
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Catweasel say more to a life that chain to white picket the fence,

and a journalist can be the interesting the life,

and can move in many direction,

include write PR for white shoe industry,

and play with mouse mind and emotions like kitten with ball of wool,

and make nice the income,

but be the life of a soulless,

and a braindead.

Life the box of chocolates,

for the mouse,

and it need to try a new sweets,

to break a free.
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themoops
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Ruby Member
Decimator4000
26 Jan 2014, 06:54 PM
So we need people to make art but we don't need people to house the masses?

Weird.
It's fine and necessary to invest the old fashioned way, to simply provide a nest egg for retirement, but invesment has become mostly about capital gains these days.
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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newjez
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The man's an idiot. At 45, anyone could and should own at least one house. Probably fully paid off. Except for divorce, illness, the only other excuse is stupidity. The man's a moron. Now, if he was 30 I may have some sympathy.
Catweasel
26 Jan 2014, 08:39 PM
Catweasel say more to a life that chain to white picket the fence,

and a journalist can be the interesting the life,

and can move in many direction,

include write PR for white shoe industry,

and play with mouse mind and emotions like kitten with ball of wool,

and make nice the income,

but be the life of a soulless,

and a braindead.

Life the box of chocolates,

for the mouse,

and it need to try a new sweets,

to break a free.
You don't have to live in the house cat, but by that age you should own one.
Edited by newjez, 26 Jan 2014, 09:24 PM.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Count du Monet
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newjez
26 Jan 2014, 09:23 PM
The man's an idiot. At 45, anyone could and should own at least one house. Probably fully paid off. Except for divorce, illness, the only other excuse is stupidity. The man's a moron. Now, if he was 30 I may have some sympathy.

You don't have to live in the house cat, but by that age you should own one.
That's mighty white of you! :lol

He's a journalist, in any case I'm not sure how to take what he writes seriously. The guy has to produce crap for his column.
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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Shadow
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Evil Mouzealot Specufestor

Sam de Brito
 
I turn 45 next week bearing the distinction of being a ''no home buyer'' i.e. I don't own property, never have and wonder if I ever will.

It's largely been a lifestyle decision because to buy property where I choose to live you need to be a hedge-fund manager, Rinehart, or arms dealer, so I pay a boatload of rent instead of buying in more ''affordable'' suburbs.
Yep, as others have said, there is really no excuse for getting to that age and then whinging about not owning property. Plenty of his peers (people he grew up with and who don't earn more money than him) have managed to buy property by now. How come the vast majority of 45-year-olds DO own property, if it is so 'unaffordable'?

Sam has had at least 20 years of working life where he could have saved up for a deposit, instead of choosing to pay 'a boatload' of rent to live in a top suburb while sipping lattes with hedge-fund managers, Rineharts, and arms dealers, and no doubt eating out and going out on the beer multiple times a week, and taking plenty of foreign holidays, and probably driving a flash car?

Just another self entitled whingy renter who has lived it up for two decades and now thinks the world owes him a house. The secret to getting ahead financially is to not spend all you earn. A portion needs to go towards savings or investment. It sounds like Sam has instead chosen to consume all his income on 'lifestyle'. He has been living above his station in life. He writes a blog for a newspaper... so his income is not at an appropriate level for living in a top-end suburb. He doesn't belong there. He can't afford to live there. By choosing to live somewhere above his station in life, he has left himself financially crippled.

Do all the 45-year-old property owners now have the right to whinge on the MSM that they didn't get to live in top suburbs mingling with hedge-fund managers, Rineharts, and arms dealers? No, they sacrificed some 'lifestyle' in order to own property. Sam sacrificed owning property in order to get the 'lifestyle'. We all make our choices and must live with them.
Edited by Shadow, 27 Jan 2014, 11:34 AM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Not MacroBusiness
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I tweeted a link to this thread and Sam de Brito immediately blocked my twitter account in response.

Thin skinned coward. :lol

I got a retweet by Stephen Koukoulas too, I wonder if Sam also blocked The Kouk?

Posted Image

Attached to this post:
Attachments: Sam_De_Brito_Coward.jpg (23.41 KB)
Edited by Not MacroBusiness, 27 Jan 2014, 12:09 PM.
Not MacroBusiness on Twitter
Not MacroBusiness on Reddit
Not MacroBusiness on FaceBook
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Catweasel
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Not MacroBusiness
27 Jan 2014, 12:09 PM
I tweeted a link to this thread and Sam de Brito immediately blocked my twitter account in response.

Thin skinned coward. :lol

I got a retweet by Stephen Koukoulas too, I wonder if Sam also blocked The Kouk?

Posted Image

Catweasel say if journalist,

want to express itself,

it need to roll in a mud with a rapscalls,

who take to a social media,

like a psuedo-nationalists flock to a Australian Open.

Or it take the opportunity,

block a rapscalls on a twitter,

if it so the choose.

And that the a beauty of a social media.

And a behavior of the protect from the troll up.
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Drgonzo
Member Avatar


Catweasel
26 Jan 2014, 08:39 PM
Catweasel say more to a life that chain to white picket the fence,

and a journalist can be the interesting the life,

and can move in many direction,

include write PR for white shoe industry,

and play with mouse mind and emotions like kitten with ball of wool,

and make nice the income,

but be the life of a soulless,

and a braindead.

Life the box of chocolates,

for the mouse,

and it need to try a new sweets,

to break a free.
Well said - property "journalists" are complete hacks.
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Dr Watson
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Count du Monet
26 Jan 2014, 06:48 PM
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
You're bearish on women.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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David McAllistair
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Shadow
27 Jan 2014, 11:23 AM
It sounds like Sam has instead chosen to consume all his income on 'lifestyle'. He has been living above his station in life. He writes a blog for a newspaper... so his income is not at an appropriate level for living in a top-end suburb. He doesn't belong there. He can't afford to live there. By choosing to live somewhere above his station in life, he has left himself financially crippled.
Wow, look who is putting on airs. How do you know he is living in a top-end suburb? He might be living in the inner west, which until quite recently was the home of drug addicts, ferals and the mentally ill.

Still, I don't really know what he is complaining about. Most places in Sydney, like the inner west, used to have a certain character and charm, and now they are full to the rafters with tasteless, self-important, nuveau riche blowhards. As the blowhards move in, the culture moves out. Quite frankly I don't know why he still wants to live there.

The other question that comes to mind is; When would you rather live in a 'lifestyle' suburb? From 20-40 or from 50-70? There are advantages and drawbacks to both. Often those who squirrel away savings in the prime of their life turn out to be interminable bores. Established, but with no one to share it with because nobody can stand their company. And sometimes those who 'waste their youth' downshift gracefully to more relaxed lifestyle in far flung burbs or beach towns.

At any rate, at some point in your life, you need to have a plan.
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