Outright home ownership plumments over the past 15 years - The only winners are the banks!; Proportion of households that are outright home owners has fallen from almost 42% in the mid-1990s to 30.9 % today
Tweet Topic Started: 29 Aug 2013, 10:55 AM (4,906 Views)
So what, if the wife used to work 10 hours a week she now has to work 40 to service the mortgage principal is the same they now need duel full time wages last time when previously it was a lot less.
If the wife used to work 40 hours a week and now she only has to work 10 hours to service the mortgage, then houses are much more affordable now.
Do you really want to live in a society of have and have nots? Research shows that countries that have a smaller amount od inequality are the happiest.
I can believe bulls here seem to be advocating a society where ws have an owner and a renter class. That will not be a better place fo live.
So, you are saying that countries with high home ownership (like Spain and Greece with >80%) are better places to live than countries with low home ownership (like Switzerland and Germany with ~40% home ownership or lower).
I agree. I'd much prefer to live in Spain or Greece than live in Germany or Switzerland - provided that I had a job or money.
Hmmmm - is see you could not come back to your last stuff up with me (when you suggested I left out Negative gearing when calculating the benefits of owning rather than investing - when I didn't).
Affordability is based on household income - always have, always will. The data shows affordability has not changed.
Deal with it.
Bs, so to you it is more affordable to pay 400pw on a 30 year mortgage than 430pw on a 15 year mortgage because of the lower weekly payments. What a crock it should be on total payments over the course of the loan?
Using your logic we should introduce intergenerational loans because they are so much affordable. What a great affordable society we would have.
30 years ago 'the wife' DIDN'T have ta work ta service the mortgage Shady! - Ferk!!!
The wife in my example did need to work now and in the past. Also, the wife mentioned by the guest poster who I was replying to did need to work now and in the past.
Not sure which wife you're thinking about, probably a different wife to the ones from our examples (so you seem to be off on a different tangent again Herbie).
Do you really want to live in a society of have and have nots?
BP seems ta want'ta ... Positively revels in the thought in fact? - Good Believing Christian lad that he is. 'N Shady 'n Strindberg seem keen as well ... Plus Skamy 'n Mike wouldn't be at all adverse to it I reckon?
That's it bears - take the moral high ground. We all know most of you *really* wish for economic armmageddon just so that *you* can pay less for a house than what it would cost you right now. Not for selfish motives though of course - for the good of society of course.....
Yes she did... the wife in my example did anyway (not sure which wife you're thinking about, probably a different wife to the one from my example).
Well 30 years ago you were living in a shithole called Ireland. 'N I was living in a nice country called Oz. So yep, I imagine our recollections of what things were like 30 years ago just could be a bit different?
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
So, you are saying that countries with high home ownership (like Spain and Greece with >80%) are better places to live than countries with low home ownership (like Switzerland and Germany with ~40% home ownership or lower).
I agree. I'd much prefer to live in Spain or Greece than live in Germany or Switzerland - provided that I had a job or money.
My father hated Swizerland, he found it difficult to conceive & accept life without home ownership ..he came to oz to actually escape from most of his family attitudes to home ownership
Quote. " I do not wish to be a puppet in some else's egotistical brilliant castle"
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Well 30 years ago you were living in a shithole called Ireland. 'N I was living in a nice country called Oz. So yep, I imagine our recollections of what things were like 30 years ago just could be a bit different?
No, I think you were just talking about a different wife to the one 'guest' and I were discussing.
The wife mentioned by guest did need to work now and in the past, and that's who I was replying to.
Probably best if you try to work out what people are talking about first, before jumping in with both feet...
Hmmmm - is see you could not come back to your last stuff up with me (when you suggested I left out Negative gearing when calculating the benefits of owning rather than investing - when I didn't).
Affordability is based on household income - always have, always will. The data shows affordability has not changed.
Deal with it.
Bs, so to you it is more affordable to pay 400pw on a 30 year mortgage than 430pw on a 15 year mortgage because of the lower weekly payments. What a crock it should be on total payments over the course of the loan?
Using your logic we should introduce intergenerational loans because they are so much affordable. What a great affordable society we would have.
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