Your age is irrelevant. If you have average wealth (income+savings+assets) then you can afford to buy an average house.
The real reason why you can't afford a home is because you've squandered your finances throughout your life, meaning your wealth is well below average.
No.......that's a symptom of a Housing Bubble that's a symptom of a Debt Fueled Asset Boom that's about to come to a Crashing End....
Regardless of whether there's a bubble, someone with average wealth can afford an average home.
NO.....They can afford to service a loan with rates at Record Lows until the Business Cycle asserts itself like it always has and the Economy tanks taking all that hard work and sacrifice with it.
Regardless of whether there's a bubble, someone with average wealth can afford an average home.
If that is the case, then it doesn't really matter whether they buy now or in ten years time.
Not much point in you running a forum about buying now or forever being priced out then.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
If that is the case, then it doesn't really matter whether they buy now or in ten years time.
Not much point in you running a forum about buying now or forever being priced out then.
'Cept Aussies strore our 'wealth' in housin' hey.
'N while you're scroungin' 'round earning thruppence a week doin' shit 'n f*** knows wot gambling on stuff Aussies don't store their wealth in, tha "average" Aussie's wealth stored in housin' just could go up a bit more than yours???
What you actually do is force new buyers to borrow more and further enrich the banking sector.
You benefit from the crumbs of house price rises and take all of the risk if prices fall.
The banks can't lose either way (and if it all goes tits up, we will bail them out with the taxes our grandkids will pay in 50 year time).
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
Why not? Chris has an ideology that does not reflect the real world. I don't believe that the single average wage should be able to afford an average house in an average suburb in one of the capital cities. 14km from the Melbourne CBD.
The first a perfect starter home. Needs some work, but on 400m2 a future development site. $600k tops.
Your age is irrelevant. If you have average wealth (income+savings+assets) then you can afford to buy an average house.
The real reason why you can't afford a home is because you've squandered your finances throughout your life, meaning your wealth is well below average.
The world according to shadow.
Btw, your Tyson sock is incredibly futile!!
Leaving that aside, affordability in general terms for me is not the issue, justification is.
Housing makes no sense.
To pay 100% more than people 5 yrs ago when your wages, at best have risen 22%, is just financial stupidity especially when you consider houses were severely overvalued 5 yrs ago
Rat
2 Jun 2017, 08:18 PM
Regardless of whether there's a bubble, someone with average wealth can afford an average home.
What do you have in the way of evidence.
Sydney has average house price of 1.2mil, average wage is 87k.
What you actually do is force new buyers to borrow more and further enrich the banking sector.
You benefit from the crumbs of house price rises and take all of the risk if prices fall.
The banks can't lose either way (and if it all goes tits up, we will bail them out with the taxes our grandkids will pay in 50 year time).
Wif 6.5 trillion in housin' 'n maybe 2 t in super plus perhaps 1 t cash in bank, I don't reckon I's especially confused as ta where Aussies whack their wealth dude? ...
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
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