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Wages stagnate while rents double: Australians are working harder but going backwards; The typical Australian family takes home less today than it did in 2009
Topic Started: 5 Aug 2017, 10:50 AM (2,659 Views)
Foxy
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Zero is coming...

Swine
6 Aug 2017, 03:00 AM
well, whatya gonna do about it?

working for a salary is for suckers, i figured that out a long time ago. my dad always said, make your money work for you and not vice a versa.

invest in property and stop being a wage slave is my advice for any gen y. its tried and true advice, and has ensured early retirement for the clever ones amongst us that placed our trust in property.

until the complaining gen yers wake up and see reason, they'll just be crying into their fancy lattes and breakfasts every weekend un til the end of time.

all the best

Cheers
Yes,
30 years ago it was the way to go,
Now not so sure.

Costs of property ownership have risen.

My cousin bought a modest house when he was 18, he paid it off in 2 years, now he works with a chap that bought half the size block in the area and it will take him 35 years to pay it off.

You see in the hands of humans everything becomes marginalized.

Housing is a huge cost on the average person now.

And borrowing money is the only way they can start, so they do not just buy a house, they buy a mortgage.

Mortgage insurance, house and contents insurance, stamp duty, then the renovation.

so as you can see, it is a different game now.

Peter

but it was ok...

http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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herbie
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Foxy
6 Aug 2017, 10:44 AM
Yes,
30 years ago it was the way to go,
Now not so sure.

Costs of property ownership have risen.

My cousin bought a modest house when he was 18, he paid it off in 2 years, now he works with a chap that bought half the size block in the area and it will take him 35 years to pay it off.

You see in the hands of humans everything becomes marginalized.

Housing is a huge cost on the average person now.

And borrowing money is the only way they can start, so they do not just buy a house, they buy a mortgage.

Mortgage insurance, house and contents insurance, stamp duty, then the renovation.

so as you can see, it is a different game now.

Peter

but it was ok...
The ability of some of you dudes to be all misery gutted and sad and perpetually focused on potential negatives really IS pretty amazing - I reckons.

Sheesh, as I've commented quite recently my 18 yo niece has just bought half a pretty respectable property - With it being affordable for her. (Including eff all maintenance costs for MANY yrs that I can think of.)

A gen X in the family has recently scored a pretty plumb job - Both in terms of being challenging/interesting/potentially exciting even AS WELL AS pretty well paid.

A nephew will presumably graduate from uni next year; At a time (hopefully) that unemployment remains low; So his employment prospects (again hopefully) will be pretty damn fine.

And hey, we don't have raging inflation - If anything, it's a bit low for the powers that be's tastes even?

The Aussie 'peso' hasn't crashed.

While mining isn't great, it certainly seems it may have stabilised - Well, as much as an inherently unstable industry like mining might ever be able to be regarded as being 'stable'.

Turnbull and co seem to have budgeted for some pretty big infrastructure projects?

Lordy dudes, there's plenty of positives.

And these statements are coming from someone who sure as shit doesn't regard meself as being ANY sort of a particularly Pollyanna type ... :)

Like wot tha f*** is wrong wif youse dudes ('n ya media 'n ya pollies [plus wotever other specific internet sites ya go to for ya daily infusions of misery?]) that all ya can EVER seem ta focus on is potential/possible future (and current) negatives about pretty much everything?

Sheesh, my dear ole mum who's all crippled up and my dear ole dad who's got three types of cancer any one of which is likely to kill him off 'soon' plus surely AREN'T rich, both still manage to be WAY happier 'n more cheerful than plenty of youse dudes?
Edited by herbie, 6 Aug 2017, 01:48 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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hidflect
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Foxy
6 Aug 2017, 10:44 AM
Yes,
30 years ago it was the way to go,
Now not so sure.

Costs of property ownership have risen.

My cousin bought a modest house when he was 18, he paid it off in 2 years, now he works with a chap that bought half the size block in the area and it will take him 35 years to pay it off.

You see in the hands of humans everything becomes marginalized.

Housing is a huge cost on the average person now.

And borrowing money is the only way they can start, so they do not just buy a house, they buy a mortgage.

Mortgage insurance, house and contents insurance, stamp duty, then the renovation.

so as you can see, it is a different game now.

Peter

but it was ok...
That's it exactly. The mantra is, those that got there first made all the money. You can see it in Perth. Roll around the sad, little cafe block in Applecross at 2pm on a Wednesday and its full of fat blondes sipping lattes wondering what to do with the rest of their day. None of them work. They got in when the prices were $150,000 and now they're $1.5M. Swine is an idiot. Does he really think the same model is gong to work now for Ali Hassan who arrived here last year? He's going to buy 5 properties on a mortgage for $600,000 apiece and make himself a fat profit in 5 years? Not gonna happen. The ponzi has been exhausted.
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Ex BP Golly
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Swine
6 Aug 2017, 03:00 AM
well, whatya gonna do about it?

working for a salary is for suckers, i figured that out a long time ago. my dad always said, make your money work for you and not vice a versa.

invest in property and stop being a wage slave is my advice for any gen y. its tried and true advice, and has ensured early retirement for the clever ones amongst us that placed our trust in property.

until the complaining gen yers wake up and see reason, they'll just be crying into their fancy lattes and breakfasts every weekend un til the end of time.

all the best

Cheers
Keep telling them the only option they have is to be a dullard invested in property, and Australia is down the tubes for sure.

WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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hidflect
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One the one hand, specufestors rub their hands with unfettered glee at how they're sucking the life blood from renters and then the next minute they're talking about how they'll just jack rents up to cover the rising costs they face. Well, 60,000 people in Sydney alone are facing power cuts because they can't pay the bills. Methinks there's no rent increases to be had. The IO specufestor is heading for extinction.

Full article
Sydney is on the blink as surging electricity prices put 60,000 homes in danger of disconnection

Posted Image
Posted Image
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Swine
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Ex BP Golly
6 Aug 2017, 01:39 PM
Keep telling them the only option they have is to be a dullard invested in property, and Australia is down the tubes for sure.
'dullard' is a tag im proud to wear as im a millionaire mate! if that makes me a dullard, well fine then.

you run along now, im going to go and hop in the spa with a glass of margaret rivers finest chardonnarys.

everythings fine from where im standing thats for damn sure. dont know about this whole 'down the tubes' nonsense you been crapping on with for the last 5 years. sounds like yr imagining things to avoid your reality

Cheers
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Ex BP Golly
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Swine
6 Aug 2017, 05:26 PM
'dullard' is a tag im proud to wear as im a millionaire mate! if that makes me a dullard, well fine then.

you run along now, im going to go and hop in the spa with a glass of margaret rivers finest chardonnarys.

everythings fine from where im standing thats for damn sure. dont know about this whole 'down the tubes' nonsense you been crapping on with for the last 5 years. sounds like yr imagining things to avoid your reality

Cheers
Your so aspirational.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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stinkbug
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Ex BP Golly
6 Aug 2017, 01:39 PM
Keep telling them the only option they have is to be a dullard
You sound like some academics I occasionally have to work with. Anyone not as 'clever' as them is a dullard, especially when such people have had far more financial success, and enjoy a vastly better life.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Ex BP Golly
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stinkbug
6 Aug 2017, 08:52 PM
You sound like some academics I occasionally have to work with. Anyone not as 'clever' as them is a dullard, especially when such people have had far more financial success, and enjoy a vastly better life.
So successful they sit on websites anonymously telling random people how good they've got it, millionaire landlord in his tub chugging down lethal amounts of alcohol.🤔

Sure
Edited by Ex BP Golly, 7 Aug 2017, 09:24 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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stinkbug
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Ex BP Golly
7 Aug 2017, 02:22 AM
So successful they sit on websites anonymously telling random people how good they've got it, millionaire landlord in his tub chugging down lethal amounts of alcohol.🤔

Sure
:lol

You get sloppy when you're angry. It's your tell.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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