Ownership rates for 18-35yr olds at 43% in the 2011 census, expected to fall below 30% in the 2016 census.
If that isn't the finest example of intergenerational theft then I don't know what is!
I don't care Chris - Work where tha work is.
Then retire in bumf*** - Like I has (if that's all ya can afford.)
Like sheesh, it woz your militant bear mob wot reckoned it would be just fine 'n dandy ta see tha old folk down in Sydvegas/Melvegas pushed outa them joints ta retire - So's you could get their homes cheap ... So if it happens ta be you instead of them, why would I give a f***?
Hmmm - Just more like KARMA I reckons ... Ya nasty little cnts ...
Like sheesh, it woz your militant bear mob wot reckoned it would be just fine 'n dandy ta see tha old folk down in Sydvegas/Melvegas pushed outa them joints ta retire - So's you could get their homes cheap ... So if it happens ta be you instead of them, why would I give a f***?
Hmmm - Just more like KARMA I reckons ... Ya nasty little cnts ...
There's no malice herb, I don't want anyone to sell anything as in the end it will only serve to disadvantage FHB even mean re. You see FHB currently can't afford to buy these established homes close (e.g. Within 25km) to the cbd boomers are selling, the people that can afford them and they are investors and upgrades. Once the boomers have sold out they are invariably looking to downsize straight into the high end of the FHB market pushing that apartment market further and further away from the people looking to get in.
You see as a part of the intergenerational theft boomers are got massive financial subsidies during a period of significant unprecedented capital growth where they locked out future generations from obtaining a traditional home. Now this has topped out they are cashing in and actively trying to lock out FHB from the apartment market in order to get massive government subsidies to cash out.
They will go down in history as the most selfish, narcissistic, uncaring and greedy generation the world has ever seen and they've still got time to do even worse....... ............scary
There's no malice herb, I don't want anyone to sell anything as in the end it will only serve to disadvantage FHB even mean re. You see FHB currently can't afford to buy these established homes close (e.g. Within 25km) to the cbd boomers are selling, the people that can afford them and they are investors and upgrades. Once the boomers have sold out they are invariably looking to downsize straight into the high end of the FHB market pushing that apartment market further and further away from the people looking to get in.
You see as a part of the intergenerational theft boomers are got massive financial subsidies during a period of significant unprecedented capital growth where they locked out future generations from obtaining a traditional home. Now this has topped out they are cashing in and actively trying to lock out FHB from the apartment market in order to get massive government subsidies to cash out.
They will go down in history as the most selfish, narcissistic, uncaring and greedy generation the world has ever seen and they've still got time to do even worse....... ............scary I read it, it is advise you have just prior to Perth crashing.
Your history of advice (clue giving) has a shocking track record
Chris you either buy a starter home in the Boon Docks or just keep renting.
This is your choice.
The market has transmuted and the days when everyone was pretty much guaranteed owning a home they want is over, sorry.
... boomers got massive financial subsidies during a period of significant unprecedented capital growth where they locked out future generations from obtaining a traditional home. Now this has topped out they are cashing in and actively trying to lock out FHB from the apartment market in order to get massive government subsidies to cash out.
They will go down in history as the most selfish, narcissistic, uncaring and greedy generation the world has ever seen and they've still got time to do even worse....... ............scary
Just people doin' wot suits 'em because it suits 'em Chris.
Wif any 'inter-generational theft' conspiracy theories havin' f*** all ta do wif it.
But anyways, it's only a Sydvegas/Melvegas issue, 'n there's plenty of other places youse dudes can retire rather than there - Hey? ...
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
This is in Sydney, this in Sydney, this is in Sydney.
How many times do I have to say it Chris? You post as though this is Australia wide, when it's specific to Sydney only.
As I've said before, New York, Paris, London, Shanghai, Tokyo etc. You take the most expensive city of any country, and you'll find the average resident of that country cannot afford housing there. Sydney is no different. Or did you expect Australia to be the one country where housing was affordable everywhere? You better get used to the fact that you are NEVER going to be able to afford to own in Sydney, Sydney is forever set to be out of price for your average Australian. Yes it was once affordable, but it has gone through a big transformation since that time, it's too late now. Just like you probably could've bought then but you thought it was 'overpriced', you're going to find the same situation you've been in you're entire life, to continue in the future if you continue with your current crusade.
My advice is to move out of Sydney, get your same unskilled mundane job elsewhere, and live a comfortable life in one of the other great cities/towns Australia has to offer.
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy