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
Tweet Topic Started: 29 Aug 2017, 08:46 PM (4,492 Views)
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 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"
LOL, the data I posted is the census data you wally. The numbers are right there.
Yes and they are down,
And they are falling even further for younger people.
And for people who are married and have kids.
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
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?
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.
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.
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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