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Be wary of property doomsayers, because they don't have a clue; Imagine if you had missed out because you placed faith in a forecast by Steve Keen or Harry Dent
Topic Started: 29 Aug 2017, 08:46 PM (4,492 Views)
herbie
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Rufus
31 Aug 2017, 12:34 PM
In Brisbane house prices are just a bit over half the price of homes in Sydney with only a small difference n household incomes, yet home ownership rates in Sydney are higher than Brisbane. That shoots your argument out of the water.

Also back in the 60's and even the 70's most people left school at 15 so they had a long time to accumulate a deposit by the time they thought about buying a house. Not so today.

I suggest you read the Kouks summation -
Why we don't own a home anymore
https://au.finance.yahoo.com/news/1678717-005410060.html?soc_src=social-sh&soc_trk=tw
I have no idea why Brisvegas home ownership rates aren't higher than in Sydvegas Rufus - It's simply got me bumfuzzled.

It kind of almost makes me think that unless housing is booming, people don't want to buy?

Tho (for some at least) when it is booming and they can't buy (leastways not what they'd like anyway), they get all bitchy and bitter and twisted and whinge.

Hmmm - "Funny mob of cattle" I believes some chap once said ...
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Veritas
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Rat
31 Aug 2017, 01:00 PM
LOL, the data I posted is the census data you wally. The numbers are right there. :lol
Yes and they are down,

And they are falling even further for younger people.

And for people who are married and have kids.

:re:
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Rat
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Filthy Rodent

Veritas
31 Aug 2017, 07:29 PM
Yes and they are down
Up actually. From an average of roughly 52% in the first half of the century, to an average of roughly 69% over the past 60 years.

Posted Image
Edited by Rat, 31 Aug 2017, 09:44 PM.
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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Chris
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Rufus
31 Aug 2017, 09:47 AM


Correct me if I'm wrong but I think our home ownership rate peaked at 73% and is now about 67% and it will probably fall further and level off at about 60%.
Now show me where it's carved in stone that 67% or 60% isn't a good outcome for a wealthy country. Germany hovers at just above 40% and Germany is held up as a model for the rest of us. Should we aim for 43% instead.


That's deceptive stats Rufus, I wouldn't expect anything else from you.

What are the figure relating to homeownership for 24-35yr olds comparing 1996-2016?

What are the figures for 35-44yrs over the same period?

You are a charlatan when you want to be.
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Rufus
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Chris
1 Sep 2017, 08:22 AM
That's deceptive stats Rufus, I wouldn't expect anything else from you.

What are the figure relating to homeownership for 24-35yr olds comparing 1996-2016?

What are the figures for 35-44yrs over the same period?

You are a charlatan when you want to be.
You clearly don't understand the point. In Brisbane apartments close to the CBD are quite affordable for singles and couples without children.
In the suburbs there are houses less than 20Klm to the CBD for under $350K and that is affordable for most families regardless of their age.

Inner City units under $350K

Houses under $350K

Despite the affordability the ownership rate in Brisbane is less than Sydney and Melbourne when really it should be well above.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Chris
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Rufus
1 Sep 2017, 09:24 AM
You clearly don't understand the point. In Brisbane apartments close to the CBD are quite affordable for singles and couples without children.
In the suburbs there are houses less than 20Klm to the CBD for under $350K and that is affordable for most families regardless of their age.

Inner City units under $350K

Houses under $350K

Despite the affordability the ownership rate in Brisbane is less than Sydney and Melbourne when really it should be well above.
That's spewing propaganda and ignoring the question.
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Rufus
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Chris
1 Sep 2017, 09:26 AM
That's spewing propaganda and ignoring the question.
Ok you are saying that you can't afford a house for $350,000.

Not my problem, most people can.

Millennials have no problems buying these houses and apartments, but if they choose not to buy then that's their choice to make.
Edited by Rufus, 1 Sep 2017, 09:41 AM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Chris
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Rufus
1 Sep 2017, 09:40 AM
Ok you are saying that you can't afford a house for $350,000.

Not my problem, most people can.

Millennials have no problems buying these houses and apartments, but if they choose not to buy then that's their choice to make.
What are the homeownership rates between 25-34yrs and 35-44yrs from 1996 to 2016

Just pure data Rufus, leave aside the propaganda.
Edited by Chris, 1 Sep 2017, 11:02 AM.
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herbie
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Chris
1 Sep 2017, 11:01 AM
What are the homeownership rates between 25-34yrs and 35-44yrs from 1996 to 2016

Just pure data Rufus, leave aside the propaganda.
So what is the pure data Chris?

Re home ownership rates between 25-34yrs and 35-44yrs from 1996 to 2016?

And preferably by State please - Indeed, preferably by Capital City in each State as well please.

With you linking to what you at least regard as a reliable source also Ta.
Edited by herbie, 1 Sep 2017, 11:55 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Chris
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herbie
1 Sep 2017, 11:20 AM
So what is the pure data Chris?

Re home ownership rates between 25-34yrs and 35-44yrs from 1996 to 2016?

And preferably by State please - Indeed, preferably by Capital City in each State as well please.

With you linking to what you at least regard as a reliable source also Ta.
Good deflection sock.

Rufus has the floor, its his deceptive claims that homeownership rates haven't changed significantly and he's the one who's been asked to provide specific data sets. I know what they are, so does the abs I just want him to substantiate his claims by providing them.
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