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All things avocado (thread); Thinking of giving up the smashed avo and coffee to buy a house?
Topic Started: 1 Jun 2017, 01:06 AM (15,893 Views)
Simon_S
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Rat
2 Jun 2017, 08:11 PM
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....

Edited by Simon_S, 2 Jun 2017, 08:16 PM.
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Rat
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Filthy Rodent

Simon_S
2 Jun 2017, 08:16 PM
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.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
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Simon_S
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Rat
2 Jun 2017, 08:18 PM
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.

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Jimbo
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Rat
2 Jun 2017, 08:18 PM
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.
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herbie
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Jimbo
2 Jun 2017, 09:08 PM
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???

Maybes? Maybes not? - But ya never knows eh? ... :)
Edited by herbie, 2 Jun 2017, 09:17 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Jimbo
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herbie
2 Jun 2017, 09:16 PM
'Cept Aussies strore our 'wealth' in housin' hey.
You think you store wealth in housing.

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.
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Ex BP Golly
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Matthew
2 Jun 2017, 04:30 PM
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.

https://www.domain.com.au/150-millers-road-altona-north-vic-3025-2013599030

The second brand spanking new. $700k and it is yours. https://www.domain.com.au/1-8-conway-court-altona-north-vic-3025-2013616801

Of course neither would suit Chris. His first house needs to be in a better suburb and cheaper.
14km from city and still 8.2x Sydney's average wage.
=
Overpriced shit

They spend do much on the house they can barely fill it with trading post freebie shiite
Rat
2 Jun 2017, 08:18 PM
Regardless of whether there's a bubble, someone with average wealth can afford an average home.
Sydney wage $85,000pa, ave house $1,125,000 or thereabouts.

Let me tell you, with 6 properties (all subdividable) I'm glad I'm not facing that shit now.

A horribly average position to be in.



Edited by Ex BP Golly, 3 Jun 2017, 12:22 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Chris
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Rat
2 Jun 2017, 08:11 PM
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.

Your comments display the shill you are
Edited by Chris, 2 Jun 2017, 09:39 PM.
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herbie
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Jimbo
2 Jun 2017, 09:26 PM
You think you store wealth in housing.

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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Matthew
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Ex BP Golly
2 Jun 2017, 09:29 PM
14km from city and still 8.2x Sydney's average wage
The houses are in Melbourne.
Edited by Matthew, 2 Jun 2017, 09:42 PM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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