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A real class "A" act: Adult children abuse parents to get into Perth property market
Topic Started: 14 Sep 2015, 07:47 AM (2,729 Views)
Foxy
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Zero is coming...

http://www.news.com.au/national/western-australia/adult-children-abusing-their-parents-to-get-into-the-perth-property-market/story-fnii5thn-1227524008011
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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The Whole Truth
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Sick alright, but in most cases the parents brought it on themselves by not instilling discipline into their children. Parents have been too soft, giving them everything they demanded, stupidly believing that the children would grow Into decent human beings if they were spoilt enough. The old reap what you sow saying is coming home to roost for them.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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peter fraser
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The Whole Truth
14 Sep 2015, 08:01 AM
Sick alright, but in most cases the parents brought it on themselves by not instilling discipline into their children. Parents have been too soft, giving them everything they demanded, stupidly believing that the children would grow Into decent human beings if they were spoilt enough. The old reap what you sow saying is coming home to roost for them.
"Generation Expectation" they are called.

Luckily the majority of them are decent human beings, but there are always a few.
Any expressed market opinion is my own and is not to be taken as financial advice
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ThePauk
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And if housing was as affordable to them as it was to their parents? The cause is bubble prices of property.
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peter fraser
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ThePauk
14 Sep 2015, 08:36 AM
And if housing was as affordable to them as it was to their parents? The cause is bubble prices of property.
Generally it is as affordable.

Base your calculations on mortgage repayments as a % of household income and you will find that it's pretty good buying , except for some suburbs in Sydney and Melbourne, and the standard of housing is much much better.

The issue that many have is that as our cities grow and mature the competition for well situated homes and allotments has increased, which increases the price of those assets. On the outskirts however, the prices are good.

Any expressed market opinion is my own and is not to be taken as financial advice
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Frank Castle
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Business As Usual

ThePauk
14 Sep 2015, 08:36 AM
The cause is bubble prices of property.
Fuck you are an idiot pauk.
The children are pieces of shit end of story

Ferraris are out of my justifiable price bracket, but I am not going to steal one or sell my mothers home to get one.
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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ThePauk
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peter fraser
14 Sep 2015, 09:10 AM
Generally it is as affordable.

Base your calculations on mortgage repayments as a % of household income and you will find that it's pretty good buying , except for some suburbs in Sydney and Melbourne, and the standard of housing is much much better.

The issue that many have is that as our cities grow and mature the competition for well situated homes and allotments has increased, which increases the price of those assets. On the outskirts however, the prices are good.
"Generally it is as affordable."


lol...... spoken like a true mortgage broker.
Edited by ThePauk, 14 Sep 2015, 09:36 AM.
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Ex BP Golly
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Selfish.
Abusive.
Manipulative.
Self entitled.
????

They don't call them bullies for nothing.

Edited by Ex BP Golly, 14 Sep 2015, 10:19 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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peter fraser
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ThePauk
14 Sep 2015, 09:33 AM
"Generally it is as affordable."


lol...... spoken like a true mortgage broker.
That's the way Paul, when you can't win an argument with logic and reason resort to a pointless ad hominen.

Well done.
Any expressed market opinion is my own and is not to be taken as financial advice
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ThePauk
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peter fraser
14 Sep 2015, 09:58 AM
That's the way Paul, when you can't win an argument with logic and reason resort to a pointless ad hominen.

Well done.
I do not need to win an argument about housing being as affordable as it was in the past.

Only the deluded think that and I would prefer to remain sane.
http://www.theguardian.com/business/grogonomics/2014/jun/12/why-australia-third-most-expensive-houses

Posted Image

Deposit Gap

Posted Image

http://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/FlagPost/2015/April/Superannuation-for-housing-deposits

Really, your post gave me a good laugh as it is clear that a vested interested, like a mortgage broker, would in fact be in denial and quite deluded. Probably more of a chuckle...
Edited by ThePauk, 14 Sep 2015, 10:48 AM.
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