Welcome Guest [Log In] [Register]


Reply
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 (11,623 Views)
Shadow
Member Avatar
Evil Mouzealot Specufestor

David McAllistair
27 Jan 2014, 04:21 PM
He might be living in the inner west...
He lives in Bondi. The median house price in Bondi is more than double the Sydney median.
Edited by Shadow, 27 Jan 2014, 05:14 PM.
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.
Profile "REPLY WITH QUOTE" Go to top
 
David McAllistair
Default APF Avatar


Shadow
27 Jan 2014, 05:13 PM
He lives in Bondi. The median house price in Bondi is more than double the Sydney median.
Wasn't always though. Bondi used to be home to the largest concentration of Maoris outside of New Zealand. Not that there is anything wrong with Maoris, but they are not, as a rule, generally considered to be buyers of multimillion dollar properties.

At any rate, it was always a bit of dive, and now it is a dive with multimillion dollar houses and expensive parking.
Profile "REPLY WITH QUOTE" Go to top
 
themoops
Member Avatar
Ruby Member
Shadow
27 Jan 2014, 05:13 PM
He lives in Bondi. The median house price in Bondi is more than double the Sydney median.
I don't know if he expects to live in Bondi.

Kind of sounds like he does. :huh:

If you're not in Bondi or some such it's going to be pretty banal and bogan culture wise, must feel like death to trendies like him. :lol

Nice one shooting yourselves in the foot being pro PC and pro mass immigration. Take it in the arse why don't you. :lol
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.
Profile "REPLY WITH QUOTE" Go to top
 
Catweasel
Member Avatar


Catweasel say but what the if.....

.....journo not follow the path of the mouse.

What if the have a savings dump into a NZ the D and a NZSX50?

Would mouse still continue jihad against naughty journo?

Main the problem the be,

mouse hear the narrative,

that fall outside a collective belief system of mousedom.

And mouse see opportunity to express itself,

which actually one way to cotton wool its the fears,

or assert its little the place in pecking the order.
Profile "REPLY WITH QUOTE" Go to top
 
peter fraser
Member Avatar


Catweasel
27 Jan 2014, 05:36 PM
Catweasel say but what the if.....

.....journo not follow the path of the mouse.

What if the have a savings dump into a NZ the D and a NZSX50?

Would mouse still continue jihad against naughty journo?

Main the problem the be,

mouse hear the narrative,

that fall outside a collective belief system of mousedom.

And mouse see opportunity to express itself,

which actually one way to cotton wool its the fears,

or assert its little the place in pecking the order.
Christopher Skase was the last journalist to make the Australian Rich List.

It didn't end well, but at least he made it for a few years.

Here is a list the other finance journalists who have done well:-

1. .........
2. .........
3. .........

Yet they liberally hand out financial advice.

Any expressed market opinion is my own and is not to be taken as financial advice
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

David McAllistair
27 Jan 2014, 05:25 PM
Wasn't always though. Bondi used to be home to the largest concentration of Maoris outside of New Zealand. Not that there is anything wrong with Maoris, but they are not, as a rule, generally considered to be buyers of multimillion dollar properties.

At any rate, it was always a bit of dive, and now it is a dive with multimillion dollar houses and expensive parking.
It has been a fairly expensive suburb of Sydney for a long time. Even when Bondi was cheaper, so was the rest of Sydney.

Personally, I think Bondi is overrated. The Northern Beaches are much nicer. Bondi is too congested, touristy and full of backpackers.
Edited by Shadow, 27 Jan 2014, 06:34 PM.
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.
Profile "REPLY WITH QUOTE" Go to top
 
GloomBoomDoom
Member Avatar


Shadow
27 Jan 2014, 06:31 PM
The Northern Beaches are much nicer.
Is that why you buy there Mr Whyte?
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

GloomBoomDoom
27 Jan 2014, 06:51 PM
Is that why you buy there Mr Whyte?
Yep, that's it. You got me.

Cheers,

Michael.
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.
Profile "REPLY WITH QUOTE" Go to top
 
GloomBoomDoom
Member Avatar


Shadow
27 Jan 2014, 06:57 PM
Yep, that's it. You got me.

Cheers,

Michael.
:D ;)
Profile "REPLY WITH QUOTE" Go to top
 
David McAllistair
Default APF Avatar


Shadow
27 Jan 2014, 06:31 PM
It has been a fairly expensive suburb of Sydney for a long time. Even when Bondi was cheaper, so was the rest of Sydney.
I've lived in Sydney since 1986. The beach has always been famous, but the suburb not so much. Back then the rich lived in Dover Heights. Even Coogee and Clovelly were considered better than Bondi. Bondi was overpriced ice-cream for tourists and full of Europackers doing the new world and Kiwis fleeing socialism.

Sydney was pretty cheap to live in everywhere until 1997, it has been pretty much going downhill since then. In 1985, the Northern Beaches weren't even considered to be Sydney by pretty much everyone. Sometimes we would go up to Dee Why hotel to see bands, and it was basically the same as heading down to Wollongong. I worked with some Brits in 98/99 who lived in Palm Beach/Avalon, commuted into the CBD most days. I thought they were mad, but for them, having experienced London commute times, it was worth every minute spent on the shitty bus to live up there (this was before the bus lanes on Pittwater).

Anyway, the point is, if what-is-name lived in Bondi in 1994, he wasn't living 'beyond his means', not by a long shot. His neighbours were probably Kiwis on the dole.
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Free Forums with no limits on posts or members.
Learn More · Sign-up for Free
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy