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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 (4,491 Views)
herbie
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Chris
1 Sep 2017, 12:05 PM
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.
Give me the pure data on what I asked for (which you continue to bring up) from what you'd regard as a reliable source please Chris.
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, 12:11 PM
Give me the pure data on what I asked for (which you continue to bring up) from what you'd regard as a reliable source please Chris.
So I provide the data to you that I asked Rufus for effectively answering my own question?!

go away sock.

Rufus come out from under herbs skirt and answer the question
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herbie
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Chris
1 Sep 2017, 12:13 PM
So I provide the data to you that I asked Rufus for effectively answering my own question?!

go away sock.

Rufus come out from under herbs skirt and answer the question
So you have strongly held opinions on stuff you have no pure data on and would like others to provide then it seems Chris???

Or have I misunderstood you?
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, 09:41 PM
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
And up 100% since 1770.

you muppet :re:
herbie
1 Sep 2017, 12:11 PM
Give me the pure data on what I asked for (which you continue to bring up) from what you'd regard as a reliable source please Chris.
The HILDA data clearly shows home ownership rates falling for younger people.

And that includes couples with kids.

Shadow and Rufus are just spinning.

Edited by Veritas, 1 Sep 2017, 12:29 PM.
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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Rufus
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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.
I don't have the data for age groups by capital cities, I haven't seen that mentioned by anyone with hard data. I was only referring to aggregate data in a conversation with Veritas.

My point was that overall the ownership rate in Brisbane is lower than other much more expensive Capital Cities. I guess you can't explain that otherwise you wouldn't have interjected with your toxic little comments.

My point is that if people, young or old, choose not to buy in Brisbane then it's probably not just a financial decision, there must be other reasons. No doubt those reasons apply nationwide. Just because you have become a rabid angry house deficient little man who hates everyone who owns a house doesn't mean that other people are not more rational in their approach. They probably make decisions based on their wants and needs, and future plans.

For example - if they plan to travel the world for a few years then they probably won't buy a house, they will wait until they come back. Decades ago the ability for someone to travel the world wasn't as easy or as cheap as it is now, yet for some reason you don't take changing opportunities into account. People now have internationally recognised education and qualifications that they can use almost anywhere to get work. That hasn't always been the case, perhaps you didn't know. Now almost 40% of people gain tertiary qualifications, once it was 2%.

People also commence their working careers much later than they once did - that's about a decades difference which pushes back the rate of home ownership.

Did you not know these things?
Edited by Rufus, 1 Sep 2017, 01:07 PM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Veritas
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Rufus
1 Sep 2017, 01:05 PM
I don't have the data for age groups by capital cities, I haven't seen that mentioned by anyone with hard data. I was only referring to aggregate data in a conversation with Veritas.

My point was that overall the ownership rate in Brisbane is lower than other much more expensive Capital Cities. I guess you can't explain that otherwise you wouldn't have interjected with your toxic little comments.

My point is that if people, young or old, choose not to buy in Brisbane then it's probably not just a financial decision, there must be other reasons. No doubt those reasons apply nationwide. Just because you have become a rabid angry house deficient little man who hates everyone who owns a house doesn't mean that other people are not more rational in their approach. They probably make decisions based on their wants and needs, and future plans.

For example - if they plan to travel the world for a few years then they probably won't buy a house, they will wait until they come back. Decades ago the ability for someone to travel the world wasn't as easy or as cheap as it is now, yet for some reason you don't take changing opportunities into account. People now have internationally recognised education and qualifications that they can use almost anywhere to get work. That hasn't always been the case, perhaps you didn't know. Now almost 40% of people gain tertiary qualifications, once it was 2%.

People also commence their working careers much later than they once did - that's about a decades difference which pushes back the rate of home ownership.

Did you not know these things?
The fact that couples with kids are renting in far greater numbers than 20 years ago tells us all we need to know in my opinion.

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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herbie
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Veritas
1 Sep 2017, 12:25 PM
The HILDA data clearly shows home ownership rates falling for younger people.

And that includes couples with kids.

Shadow and Rufus are just spinning.
I believe that while my knowledge and personal life experience in many, many things quite possibly is rather broader than that of quite a few others Veritas (excluding that of my best mate who has traveled to over 50 countries and functioned at quite a high level in his working life (plus a few others I know); Whose opinions I always value; But don't always accept - Even in the case of my best mate, who I had cause on one occasion to get just a bit cranky at and comment along tha lines "Wot tha f*** were you expecting?" - In relation to his then expectations re a particular issue regarding a staff member of his that had come up in a country that I'd spent quite some time in and at least knew a bit about, that my personal knowledge and life experience (overall 'in the big scheme of things' so to speak) are actually pretty genuinely limited!

So before I start going Rah Rah and Blah Blah over this shit, I'd like to see some pure data on it of the type I asked for please.

Hmmm - And apart from that, my only other general comments on it all in the apparent absence of any pure data on it at this time are:

1. To reiterate that my 18 yo niece HAS just recently bought half a pretty respectable 3 bedroom 1 car garage unit that is well serviced in terms of transport and shopping within 5 clicks of the Brisvegas CBD, and

2. Under absolutely no circumstances at all, am I accepting of having my thoughts on any such shit, dictated to me a by an obviously ignorant just pretty much non-family orientated little snot nose like Chris, just simply because he reckons Sydvegas/Melvegas housing prices are a bit high for his taste - And he reckons "It's not fair" - Like Jesus, cry me a river!
Edited by herbie, 1 Sep 2017, 02:38 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rufus
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Veritas
1 Sep 2017, 01:53 PM
The fact that couples with kids are renting in far greater numbers than 20 years ago tells us all we need to know in my opinion.
It tells me that they are choosing to. Very few people can't afford a house in Brisbane. Perhaps not the mansion they feel entitled to, but a house nevertheless.
I can't remember an easier time to buy in Brisbane for a young couple.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Rat
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Filthy Rodent

Rufus
1 Sep 2017, 02:19 PM
It tells me that they are choosing to. Very few people can't afford a house in Brisbane. Perhaps not the mansion they feel entitled to, but a house nevertheless.
I can't remember an easier time to buy in Brisbane for a young couple.
People like Veritas and Chris believe that just because they can't afford a home then it must mean nobody else can either.

But the truth is even someone on minimum wage can afford to buy a home in Australia, if they're willing to make a few sacrifices (something Veritas and Chris aren't willing to do).
Veritas
1 Sep 2017, 12:25 PM
And up 100% since 1770.

you muppet :re:
Why the abuse?

Yes, home ownership is much higher today than it was in 1770 or 1950 or any time in between. For the past six decades it has remained within +-2% of 69%.

After rising sharply from ~50% in the 1940s to ~70% in the 1960s, what did you expect to happen? Did you expect it to keep climbing at that rate until it hit 100%?

Of course not, it can't rise forever, so after rising rapidly to a very high level it then plateaued for 60 years, just declining very slightly from that all-time peak.

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Edited by Rat, 1 Sep 2017, 02:41 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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See folks a simple question taken by the propaganda specialist and turned into an opportunity to spread deception, myths and misdirection rather than the truth.

Rufus is a sham
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