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Home ownership declines directly related to price; Everyone else sees it but not you blokes
Topic Started: 25 Jun 2017, 09:20 PM (1,952 Views)
Matthew
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Chris
25 Jun 2017, 09:20 PM
If that isn't the finest example of intergenerational theft then I don't know what is!
There is no intergenerational theft here, just you bitching and moaning as per usual. Find a more productive hobby kid. Go live life with the cards you have dealt yourself and get on with it.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Simon_S
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Matthew
26 Jun 2017, 04:08 PM
There is no intergenerational theft here, just you bitching and moaning as per usual. Find a more productive hobby kid. Go live life with the cards you have dealt yourself and get on with it.
But watch Matthew Bitch and Moan when house prices fall that the Govt isn't doing enough to help those in Debt....

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Stoo
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Boondocks'll never be cheaper..., best if it's your PPOR tho

http://www.realestate.com.au/buy/property-house-with-3-bedrooms-in-baldivis,+wa+6171/list-1?activeSort=price-asc&includeSurrounding=false
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Black Panther
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Stoo
26 Jun 2017, 04:58 PM
Exactly. But of course the Bear retort is I will not live in a Shitbox out in the Sticks.

Boy will they regret not taking this opportunity.
Edited by Black Panther, 27 Jun 2017, 07:49 AM.
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DragonGM
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Tyson
26 Jun 2017, 10:22 AM
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.
And Sydney is our largest city, so it is significant. We are the most urbanised nation on earth at 88%. High house prices are a national problem.
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A Lurker
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As a number of us have been saying for years. In a growing city you are going to be pushed to less desirable suburbs as time passes. It doesn't matter how wealthy you are or how much you earn, there is a proortion or the new entrants that are wealthier or that earn more than you, it doesn't matter if you earn a million a year some people arriving here earn $1.2m. The longer you leave it the more suburbs you can draw a line through. It's possible that during a short period of stagnation or reversal you can beat the system and claw back a few suburbs (eg a recession where you keep your job and/or do well) but long term the general trend will beat you. It's simply maths.

Moving to a more quiet town or city with less growth is also a solution for some.
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hidflect
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Simon_S
26 Jun 2017, 04:21 PM
But watch Matthew Bitch and Moan when house prices fall that the Govt isn't doing enough to help those in Debt....
The property mosquitoes are already buzzing with concern. Their hosts look seriously underweight. Must be time to extend them a new line of credit so they can rent a bigger place...

From that Chicom, pinko, communist outfit of Marxists, Bloomberg.

Wage Woes May Leave Australians Struggling to Make Ends Meet
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