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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 (11,621 Views)
themoops
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herbie
28 Jan 2014, 11:16 AM
Not to a lot of the working class dudes born back in the late 1800s who fought WWI I'd guess Moops - Which that particular grandad of mine was and did.
Well fair enough, but that's when a ruler would have cost $100 or something. :lol

That's a fair enough saying for 1930.
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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stinkbug
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themoops
28 Jan 2014, 11:18 AM
Well fair enough, but that's when a ruler would have cost $100 or something. :lol

That's a fair enough saying for 1930.
There's a difference between measuring things that are useful (e.g. timber) and measuring something that is completely useless (e.g. your dick).
---------------------------------------------------------------

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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Dr Watson
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herbie
28 Jan 2014, 10:45 AM
University educated people are 'a dime a dozen' these days pretty much Doc no?
True, I meant to say people who are cultured, refined, appreciate the arts, earn maybe $80,000 p.a. These people will increasingly have to buy into criminal suburbs if they want to own a freehold title.
Edited by Dr Watson, 28 Jan 2014, 11:30 AM.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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Pig Iron
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Bogan scum

Dr Watson
28 Jan 2014, 11:27 AM
True, I meant to say people who are cultured, refined, appreciate the arts, earn maybe $80,000 p.a. These people will increasingly have to buy into criminal suburbs if they want to own a freehold title.
it doesn't matter how cultured and refined you think you are if being cultured and refined means spending all your disposable income on crap rather than saving for a house.

all this says to me is said people consider working class suburbs beneath them.
I am the love child of Tony Abbott and Pauline Hanson
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Dr Watson
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Pig Iron
28 Jan 2014, 01:16 PM
it doesn't matter how cultured and refined you think you are if being cultured and refined means spending all your disposable income on crap rather than saving for a house.

all this says to me is said people consider working class suburbs beneath them.
I think you would also find that many people on the lower rungs of the social ladder would consider the posh suburbs above them. We all fit in somewhere.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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Billy Jack
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The Duke of Brisbane Town

Friend, y'all are missing the point. Only folks like yer good self think that owning is everything at that age. I remember being that age even though it's a long time now. Any young folks now have passed that paradigm. They realise that they aint going to be living here at the mercy of folks like yerself or other Bogans who think they'll be millionaires through housing and they are just leaving and they will live in a normal economy and such where renting is normal because labourer folks don't git all uppity and such about owning the property and treat is as a consumable. Besides friend, y'all can live many miles away from folks such as yerself as them young folks are wont to do, in the centre of a city and pay 10k a year in rentals and such without being fixed in one location surrounded by People Who Think Utility Trucks Are King. It's a Win Win Friend, them folks with the fancy britches dont be around y'all , and y'all can live with yer like kind.
Edited by Billy Jack, 28 Jan 2014, 02:00 PM.
Tell Billy Jack the Truth
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Frank Castle
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Business As Usual

Billy Jack
28 Jan 2014, 02:00 PM
y'all , yer , aint , yerself ,git all uppity, y'all ,yerself , fancy britches,y'all ,y'all , yer.
Lets hope they wont have to live near inbred hillbillies such as yourself
And see how I used YOUR instead of yer?

(Cue aspie cholo rant)
Edited by Frank Castle, 28 Jan 2014, 02:09 PM.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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PiratePete1911
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Pig Iron
28 Jan 2014, 01:16 PM
it doesn't matter how cultured and refined you think you are if being cultured and refined means spending all your disposable income on crap rather than saving for a house.

all this says to me is said people consider working class suburbs beneath them.
Do you honestly believe that the reason Gen Y has trouble purchasing a house is because collectively we have all started spending our entire disposable income on stuff we don't need?
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Dr Watson
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Billy Jack
28 Jan 2014, 02:00 PM
Friend, y'all are missing the point.
Piss off, Billy.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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Admin
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Quote:
 
Majority believe it is harder to get into property now than for previous generation: Genworth

Jennifer Duke | 26 March 2014

Housing affordability is an emotive topic across the country, and it comes as little surprise that the majority of borrowers surveyed currently believe that getting a foot on the property ladder is harder now than it was for the previous generation.

Interestingly, the Genworth Homebuyer Confidence Index saw a 1.6 point drop from September 2013 to March 2014, which they note was partially to a decline in first home buyer confidence, as well as overall cost of living pressures for those currently holding mortgages.

Home buyers experiencing or expecting mortgage stress did, however, largely drive the decline in the confidence index, said Genworth Australia's chief commercial officer, Bridget Sakr.

“Of those surveyed, 49% cited the rising cost of living as the key driver of mortgage stress," said Sakr.

“The high cost of living has remained the number one cause of mortgage stress for homeowners since September 2011,” she said. Of those surveyed, four in 10 make overpayments to their mortgage.

Similarly, the proportion of those using more than 50% of their income to service this debt dropped from 28% to 25%.

The first home buyer component dipped from 85.0 in September to 82.3 in March, driven by fears around unemployment.

“While 71% of first home buyers consider the dream of home ownership to be realistic, this group continues to struggle to save for a deposit,” she said.

A third of prospective home buyers noted it would take them four years or longer to save a 20% deposit, while 60% of all respondents said it would take four years.

Sakr also noted that nearly two thirds of all borrowers believe first home buyers have it tougher than the previous generation did, with 86% expressing a willingness to help their children buy property, but significantly fewer noting they were in a financial position to be able to do so.

“The struggle to enter the property market may also be exacerbated by any future dwelling price growth,” said Sakr.

“This ongoing challenge for prospective first home buyers highlights the value of low deposit options such as Lenders Mortgage Insurance which can help people enter the property market sooner,” she said.

The index surveyed more than 2,000 consumers and analysed the proportion of monthly income expected to be used to service debts, repayment history and expectations for the nest 12 months, as well as their beliefs about home buying.

Read more: http://www.propertyobserver.com.au/finding/residential-investment/1st-home-buyer/29618-harder-to-get-into-property-now-than-for-previous-generation-genworth.html
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