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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 (11,620 Views)
stinkbug
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PiratePete1911
28 Jan 2014, 02:11 PM
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?
It's not all of them, but certainly a lot of them.

I work with a lot of Gen Y, and the only ones who tend to live modestly and save are the ones who come from poor backgrounds, because they have learnt to spot opportunity and get ready to take advantage of it. And the other Gen Ys hassle them for this, probably because they feel stupid.
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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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stinkbug
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Count du Monet
26 Jan 2014, 06:20 PM
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.
Hey Count, do you still hold this opinion?
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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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Count du Monet
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stinkbug
27 Mar 2014, 10:41 AM
Hey Count, do you still hold this opinion?
For a ppor in Sydney, inner city. Now is an ok time to look into buying, I'd aim at trying to get in prior to 2016. The other capitals I'd put up to 2 or 3 years on top of that.

Investment wise it lacks because I assume the AUD will be down by the end of the decade. For investment return I'd look offshore. In terms of the AUD I expect general property to be on the rise by the end of the decade and earlier for inner city and Sydney. I figure if the Guy likes Bondi then he should look into drumming up the money for a purchase. If it takes him a couple of years to save for a deposit he'd be better off buying shares (even Aussie ones) than banking it or he could buy gold. Aussie banked money is going to be the lousiest dog on the planet in the coming years.
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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K-town
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PiratePete1911
28 Jan 2014, 02:11 PM
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?
Are we talking about a single Gen Y, here? I have only ever known a few single people to have bought houses. And they have been rubbish out in the sticks.
Almost every single person I've known has started with a 60s/70s flat as their first purchase.
Was there ever a time when unattached young people bought houses?
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Admin
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Author and Fairfax columnist Sam de Brito found dead in North Bondi home
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newjez
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Alex Barton
12 Oct 2015, 02:27 PM
I've always noticed a strange thing about the UK and stories such as this.

Whenever something like this happens, they always tell you the value of the house the person was living in. It's almost as if they want you to rate their social standing so you can decide whether to feel sorry for them or not. Very strange.
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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DragonGM
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newjez
12 Oct 2015, 04:05 PM
I've always noticed a strange thing about the UK and stories such as this.

Whenever something like this happens, they always tell you the value of the house the person was living in. It's almost as if they want you to rate their social standing so you can decide whether to feel sorry for them or not. Very strange.
It is not just a UK thing. We tie so much value of a person's identity to where they live and how much their house is worth.

Soon people's net housing worth will be chiselled on people's tombstones. But I guest the dead person won't care about their home equity or lack thereof, when the flames of hell are licking their feet. :?: Probably too much truth there, but you get the point. Why spend so much energy chasing after wealth and social identity when it won't matter in 70 years.
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peter fraser
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newjez
12 Oct 2015, 04:05 PM
I've always noticed a strange thing about the UK and stories such as this.

Whenever something like this happens, they always tell you the value of the house the person was living in. It's almost as if they want you to rate their social standing so you can decide whether to feel sorry for them or not. Very strange.
It's a tragedy when anyone who has so much left in life to do is taken from their loved ones.

But for the life of me I couldn't find any reference to his wealth or the quality of the house he occupied, apart from the mention of the suburb.
Any expressed market opinion is my own and is not to be taken as financial advice
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PiratePete1911
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peter fraser
12 Oct 2015, 06:16 PM
It's a tragedy when anyone who has so much left in life to do is taken from their loved ones.

But for the life of me I couldn't find any reference to his wealth or the quality of the house he occupied, apart from the mention of the suburb.
I had a look as well and couldn't find anything but I didn't want to risk looking stupid by asking :to:
Edited by PiratePete1911, 12 Oct 2015, 06:30 PM.
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newjez
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peter fraser
12 Oct 2015, 06:16 PM
It's a tragedy when anyone who has so much left in life to do is taken from their loved ones.

But for the life of me I couldn't find any reference to his wealth or the quality of the house he occupied, apart from the mention of the suburb.
No, they don't seem to do it in Australia. I think that is a good thing. A person's wealth is irrelevant to their tragedy.
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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