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Boomers at it again; The most selfish generation can't help but take, take, take
Topic Started: 1 Jul 2017, 09:17 PM (13,999 Views)
Ex BP Golly
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Rat
12 Jul 2017, 05:51 PM
No - I actually said the opposite.

I'm betting she doesn't share your views at all. When she's chatting with her homeowning friends (when you're not around) you can bet they all speak of you with contempt.

I'm sure she gives you a hard time about it too, from time to time, but you're too pig-headed and stubborn to really listen to her.

You've convinced yourself that you made the right decision not to buy a home five years ago, and nothing she says will convince you otherwise.

It will be a bone of contention between you forever.

Yes. In fact 2012 prices were lower then 2003 in real terms, and also lower vs incomes and rents. It was a decade of prices stagnating and falling in real terms.


If houses had been SERIOUSLY unaffordable for the past 16 years then we wouldn't have so many people buying them, and mortgage arrears would be much higher (currently sub 1%). Remember, just because you can't afford to buy a home doesn't mean nobody else can. Like I said Chris, you're only deceiving yourself.
They're not buying homes, they're purchasing a 27 year debt obligation.

WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Ex BP Golly
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Rat
12 Jul 2017, 08:15 PM
No it hasn't. You just made that up. Home ownership rates were much lower in the 1950s. Ownership rates for 24-35yr olds have fallen a bit over the past few decades, but not below 1950s levels.

Young people are putting off a lot of things until later in life... leaving education, starting work, getting married, and having kids. It's a social and cultural change - they're staying in education for longer, and traveling the world before settling down. Putting off marriag
So...., young people aren't buying houses like they use to and you've posted up another irrelevant chart. Awesome.
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Tyson
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Chris
12 Jul 2017, 09:36 PM
So when do you suggest is an optimal age to buy property, seemingly though a university degree with a post grad position will take you on average until 22yrs and an average wage of $45k?

Cmon deckhead, enlighten us

And therefore 'enslaved' by her 'man'?? Holy fark, what would clementine ford make of you? You make Tony Abott blush 😮



You mean corrupt and fraudulent practises are not represented in the ownership stats? I wonder why that is?

So logically, sustainable regulation is now 'credit rationally Ng/discrimination' ? Fark you're a twisted unit!!
If you're earning $45k/yr out of uni then you're doing something wrong. Also if you're not ambitious to move up then that's the fault of the individual.
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Sydneyite
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Chris
12 Jul 2017, 09:36 PM
So when do you suggest is an optimal age to buy property, seemingly though a university degree with a post grad position will take you on average until 22yrs and an average wage of $45k?
:?: I was earning more than $45k in the mid 90s (over 20 years ago!), full time job (not contracting), less than 3 years after I graduated from uni.

[EDIT] a quick google search (eg https://www.glassdoor.com.au/Salaries/sydney-graduate-salary-SRCH_IL.0,6_IM962_KO7,15.htm, or http://www.payscale.com/research/AU/Degree=Bachelor%27s_Degree/Salary) brings up data suggesting average graduate salary today is around $60k, with a significant number of graduate jobs ranging up to $80k, and some even higher. And of course incomes of uni graduates tend to increase rapidly from their starting point as well.

Quote:
 
You mean corrupt and fraudulent practises are not represented in the ownership stats? I wonder why that is?

So logically, sustainable regulation is now 'credit rationally Ng/discrimination' ? Fark you're a twisted unit!!
You really have absolutely no idea what the banking / credit and housing markets were like in the past Chris. You should really just keep quiet rather than looking like a twat time and time again. :re:
Edited by Sydneyite, 13 Jul 2017, 09:41 AM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Rufus
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Sydneyite
13 Jul 2017, 09:13 AM
You really have absolutely no idea what the banking / credit and housing markets were like in the past Chris. You should really just keep quiet rather than looking like a twat time and time again. :re:
Oh come on, next you'll be telling Chris that households didn't have computers, or they weren't connected to the internet, and people didn't carry iPhones back in the 90's.
He's not dumb enough to buy that.....
Edited by Rufus, 13 Jul 2017, 10:10 AM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Trollie
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Chris
12 Jul 2017, 09:36 PM
So when do you suggest is an optimal age to buy property, seemingly though a university degree with a post grad position will take you on average until 22yrs and an average wage of $45k?

Cmon deckhead, enlighten us
As soon as possible, even on $45k it's possible if you're smart.
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Tyson
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Trollie
13 Jul 2017, 10:52 AM
As soon as possible, even on $45k it's possible if you're smart.
On $45k I imagine that person isn't working any more than a 40 hour week.

So if they are smart I assume they'd pick up a second job. Maybe bar work at night and weekends that pays $28 - $30 an hour. Or get a security license and work security for good money too, that's what a lot of people do as a second job.
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Trollie
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Tyson
13 Jul 2017, 11:43 AM
On $45k I imagine that person isn't working any more than a 40 hour week.

So if they are smart I assume they'd pick up a second job. Maybe bar work at night and weekends that pays $28 - $30 an hour. Or get a security license and work security for good money too, that's what a lot of people do as a second job.
Buy a 2 bedder and rent one of the other rooms out, get a 2nd job like you suggested.

there's lots of ways if your willing to work hard and be smart about it. The bears seem allergic to both concepts.
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Sydneyite
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Trollie
13 Jul 2017, 03:01 PM
Buy a 2 bedder and rent one of the other rooms out, get a 2nd job like you suggested.

there's lots of ways if your willing to work hard and be smart about it. The bears seem allergic to both concepts.
They just think that "previous generations" never had to do stuff like that is all, so they think it is "unfair" that it's "harder" for them. But they are of course very mistaken..... :re:
Edited by Sydneyite, 13 Jul 2017, 06:31 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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herbie
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Sydneyite
13 Jul 2017, 06:31 PM
They just think that "previous generations" never had to do stuff like that is all, so they think it is "unfair" that it's "harder" for them. But they are of course very mistaken..... :re:
I typically bought 'n/or built wif family when gettin' a start. (As one of tha youngs wot's single is doin' now.)

'N me mate wot had no family ta buy wif bought wif a work colleague - They stitched it all up as ta wot would happen in tha event of blah blah or rah rah/when it came time for one of 'em ta bail/woz keen ta buy tha other out - Wotever ... wif a contract.

But I's never bothered doin' that wif family - 'Cept for loans ta family these days where I's advised it's necessary ta stay squeaky clean wif tha ATO. (Leastways where IPs are involved 'n I's earnin' interest on tha loans 'n they's claimin' tha interest as a tax deduction.)
Edited by herbie, 13 Jul 2017, 07:08 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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