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http://www.ozpolitic.com/forum/YaBB.pl General Discussion >> General Board >> Housing Remains Unaffordable - Many Struggling. http://www.ozpolitic.com/forum/YaBB.pl?num=1361044477 Message started by imcrookonit on Feb 17^th, 2013 at 5:54am

Title: Housing Remains Unaffordable - Many Struggling.
Post by imcrookonit on Feb 17^th, 2013 at 5:54am

More kids growing up in rental homes as financial stress bites families.    :(

Jessica Irvine, National Economics Editor
News Limited Network
February 16, 2013

MORE Australian children are growing up in rental homes, a new analysis of Census figures show.

The proportion of families with at least one child aged 15 years or younger who are renting rose from 24.6 per cent in 2006 to 26.9 per cent in 2011, according to the analysis by Australians for Affordable Housing.

Campaign manager Joel Pringle said more families in rental accommodation was a sign of financial stress.

“Many young families are finding themselves stuck in a rent trap, unable to purchase a home, but also struggling to afford high rents, which make saving for a deposit incredibly difficult.”    :(

New figures released last week reveal the number of first home buyers in the property market fell to an 8 and a half year low last month.

According to Mr Pringle: “Housing remains unaffordable, and many people are struggling.”    :(

First home buyers getting older

More young people are also choosing to rent or live at home for longer before buying their own home.

According to economics professor Mark Wooden of the University of Melbourne, the age of the typical first home buyer is getting older as young people increasingly stay longer in education and take longer to get married.

“We know that age of leaving home has been gradually rising over time, so it’s very likely that age of first home buyers is also rising.”
Generation Rent

Staying at home was also a more comfortable option these days, Professor Wooden said.

“In earlier days young people were effectively driven out of home by the lack of space. Parents today are wealthier and have large homes which can more easily accommodate adult children and their lifestyle than was true in the past, making it more attractive for young people to stay with parents.”

Meanwhile, a greater supply of new rental apartments in inner city areas was luring more young people to rent for longer.

“More high quality rental apartments in attractive areas in the inner city may be leading some to choose rental over home ownership on the urban fringe.”

Read more: http://www.news.com.au/money/property/more-kids-growing-up-in-rental-homes-as-financial-stress-bites-families/story-e6frfmd0-1226579429003#ixzz2L5pVZp8n

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by aquascoot on Feb 17^th, 2013 at 6:31am

gotta grow that pie,
hopefully sacking 20,000 pieces of deadwood will free up a bit of money .

then again, we live in a global economy where you sell your labour into a global market.
if you are on the dole in most of our global trading partners , you live at the dump and fight for scraps with the seagulls.

persoanlly, i would say the average family dog has more luxuries then the average african child.
so lets not get too weepy for the struggling.

we need to sort out and actively help, the battlers who are genuinely putting in an effort. and we need to be harsher with those who arent.

i would give public housing to the working poor and establish safe sleeping quarters perhaps in tents a bit like manus island for the long term welfare recipients.
here they would get food, water, showers and security and they could spend the day thinking about how to motivate themselves.

when they have shown they are no longer whingers and negative lazy bones, they could be helped back into mainstream society.

long term welfare recipients , and i would estimate there are about 1000000 under 65 in OZ need rehabilitation back into mainstream society in much the same way as long term prisoners.

by removing them from the mainstream housing market, the working battlers would have a lot of much cheaper accomodation freed up.

as it stands, long term welfare recipients, in public housing wouldnt dare get a good job or work hard as their tenure would be terminated as their income rose.

this is extremely cancerous and unproductive and just downright foolish.

i would kick them out of public housing if they DIDNT get a job, not if they did.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 17^th, 2013 at 10:06am

hey what's longlosers great financial advice for these people ? Perhaps a time machine ;D LOL

http://www.highshots.com/2011/10/australians-struggling-with-mortgage-stress/

Quote:

MORE than 10 per cent of Australian households – or 850,000 – spend so much on rent or mortgage payments they have little left over to cover other bills, a study shows.

In particular, many households that rent are struggling, with one in four considered to be in ”housing stress”.

The study, by the National Centre for Social and Economic Modelling at the University of Canberra, was commissioned by the group Australians for Affordable Housing. It kicks off a campaign today to encourage all levels of government to tackle the housing crisis.

The group’s campaign manager, Sarah Toohey, said people were struggling to build a life after they had paid their housing costs.

”People feel the impact of food and utility price increases so keenly because housing costs take up so much of their income,” she said.

The study, Housing Costs Through the Roof, focuses on households with the lowest 40 per cent of incomes, taking family size into account, who spend 30 per cent or more of income on rent or mortgage payments. This is a recognised measure of housing stress.

It found almost 300,000 renters and home buyers in New South Wales were in ”housing stress”, at risk of falling into poverty once they had paid for a roof over their heads.

After Hobart, Sydney put the tightest squeeze on renters with 25 per cent, or almost 107,000 households, deemed to be in housing stress, and 180,000 in NSW.

A high proportion of Sydney’s 15,134 first home buyers were also at risk of poverty – 15 per cent – but not as high as in Hobart or Melbourne. Overall, almost 74,000 mortgagors in Sydney were struggling, and 112,000 in NSW.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 17^th, 2013 at 12:01pm

Sir lastnail wrote on Feb 17^th, 2013 at 10:06am:

hey what's longlosers great financial advice for these people

move to somewhere with cheaper rent ... you want CBD living, you pay. You realise nail, that to own a house you must actually make many sacrifices along the way? My dad worked two jobs 7 days a week to pay his mortgage , never went out to dinner, never bought himself any treats or toys ... my grandfather went to work across the other side of the planet to pay his ....

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 17^th, 2013 at 2:09pm

John Smith wrote on Feb 17^th, 2013 at 12:01pm:

Sir lastnail wrote on Feb 17^th, 2013 at 10:06am:

hey what's longlosers great financial advice for these people

yeh move outwards to a place with high unemployment and minimal job prospects because there is only investment in properties and little or no investment in manufacturing :(

how about getting rid of negative gearing rorts for a start thus discouraging hoarding of property that could be sold to people instead of rented out. Like you said rent money is dead money so give people greater opportunities to own their own home. They don't need to be paying off some greedy bastards rental property ;)

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by ian on Feb 17^th, 2013 at 2:20pm

Im sick and tired of hearing people whinge about how unnafordable housing is. I own rental properties but I have worked hard for them, 7 days a week for years. Not to mention the time, money and effort poughed into these places over the years for some lazy tenant to trash. The fact is that owning your own home is a possibility for just about every working family or person in this country. However hard work and personal sacrifice is involved, this is anathema to many. The fact that many choose lifestyle choices like only working 38 hours a week and spending a large proportion of their income on entertainment, junk food and impulse buys doesnt make housing unnafordable and doesnt make landlords greedy. I resent being labelled "greedy" simply for being a hard worker prepared to sacrifice luxuries. Want your own home? Cancel your mobile phone contract, forget about buying the latest plasma TV, stop buying junk food, forget about the pub or casino on the weekend and start working hard, 2 jobs if necassary as I have done for decades. Otherwise, quit your whinging. Your lazy, Im not. Thats why I have more than you. Its called work ethic.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 17^th, 2013 at 2:44pm

ian wrote on Feb 17^th, 2013 at 2:20pm:

Bullshit, nobody asked you to buy those joints. You weren't satisfied with living in your own place and so you bought those joints because of your own greed thus denying other people a place to own. Not only that you got the benefits of tax concessions that other owner occupiers don't even get. You just had to sit tight and get the tenants to pay off those joints for you whilst you the enjoyed capital appreciation. Don't tell us about your hard luck stories. You made the choice to steal homes from other people who just wanted to own ONE place for themselves :(

Next time invest in something that is going to provide a future for this country so you won't have to worry about tenants trashing your joint. No wonder we can't make our own cars here with all of the money plundered into property deals :(

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by ian on Feb 17^th, 2013 at 2:55pm

Sir lastnail wrote on Feb 17^th, 2013 at 2:44pm:

ian wrote on Feb 17^th, 2013 at 2:20pm:

Lol, just the sort of self entitled lazy attitude that i expected. Go ahead, denigrate hard work and the ethic that goes along with it. Look forward to a future of achieving little except whining posts on an internet forum and a life time resentment towards those you percieve as greedy. You are entitled to nothing in this life except what you work for, thats just the fact. Whinge all you like, I will prosper and you wont, thats the bottom line. Im rich, you are not, I got here through hard work and heres how I feel about it. :D ;D 8-) :P

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Innocent bystander on Feb 17^th, 2013 at 2:59pm

ian wrote on Feb 17^th, 2013 at 2:20pm:

Good post, not brain surgery is it?, unfortunately there are a hell of a lot people out there that thinks its their right to take what you've got because you have more, I think the correct term is parasite.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by hadrian_now on Feb 17^th, 2013 at 4:12pm

I think the issue is, it's increasingly difficult for people to get into home ownership within a reasonable distance of the major cities or major suburban/industrial areas without:
1. taking out mortgages they may not be able to sustain in times of financial stress (someone will always sell them one)
2. either putting off having a family until middle age or being prepared to put their kids into extra-long day care & after-school care while they both work all hours of the day.

I don't think the above is an exaggeration, but some might disagree. Of course if one or more is in highly paid occupations it'a different ball game, but I'm talking about average workers here.

Possible solutions:
1. have generous in-laws prepared to house you for years while you save up because it must be hard as hell to save with Sydney rents.
2. after the war (WW2 that is) many people lived in garages for a long time, but I don't think that is allowed now.
3. move to country areas where there is work and housing is cheaper, but in a lot of cases it isn't cheaper anymore. And there is a disadvantage often with the less availability of services like medical

Just a few thoughts.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 17^th, 2013 at 4:12pm

Sir lastnail wrote on Feb 17^th, 2013 at 2:09pm:

John Smith wrote on Feb 17^th, 2013 at 12:01pm:

Sir lastnail wrote on Feb 17^th, 2013 at 10:06am:

hey what's longlosers great financial advice for these people

my grandfather house was in Southern Italy and when work dried up around his town he went to work in Argentina for 5 yrs and sent the money back to his wife and kids .... don't tell me you have to move to an area with high unemployment.

How about getting rid of that attitude where you blame everyone else and stop looking for excuses? Like I said before, you want a house, you have to sacrifice.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 17^th, 2013 at 4:16pm

Sir lastnail wrote on Feb 17^th, 2013 at 2:44pm:

ian wrote on Feb 17^th, 2013 at 2:20pm:

do you even listen to yourself? if he hadn't bought those houses you still wouldn't own a house .... stop blaming everyone else for your bad decisions.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 17^th, 2013 at 4:16pm

Innocent bystander wrote on Feb 17^th, 2013 at 2:59pm:

ian wrote on Feb 17^th, 2013 at 2:20pm:

I agre, it was a good post.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 17^th, 2013 at 4:59pm

John Smith wrote on Feb 17^th, 2013 at 4:16pm:

Sir lastnail wrote on Feb 17^th, 2013 at 2:44pm:

ian wrote on Feb 17^th, 2013 at 2:20pm:

do you even listen to yourself? if he hadn't bought those houses you still wouldn't own a house .... stop blaming everyone else for your bad decisions.

and don't expect everyone else who DIDN'T invest in property to give your kids a job either. Let them buy and sell houses to each other and see how far that gets them ;D

See what happened in Ireland, Spain and US. Proof that you can't sustain an economy with property deals alone ;)

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 17^th, 2013 at 5:04pm

John Smith wrote on Feb 17^th, 2013 at 4:12pm:

Sir lastnail wrote on Feb 17^th, 2013 at 2:09pm:

John Smith wrote on Feb 17^th, 2013 at 12:01pm:

Sir lastnail wrote on Feb 17^th, 2013 at 10:06am:

hey what's longlosers great financial advice for these people

The myth that you keep trying to perpetuate is that unless you own a piece of dirt and a tin roof to sleep under then you haven't been successful in life. It isn't. Ireland, Spain and the US are proof of what happens when you aspire to these goals whilst neglecting everything else !!

Perhaps you should think about investing in something else rather than rely on some gimmicky government manufacturing industry policy to do it for you.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 17^th, 2013 at 5:16pm

Innocent bystander wrote on Feb 17^th, 2013 at 2:59pm:

ian wrote on Feb 17^th, 2013 at 2:20pm:

then let them do it without 4-5 billion in negative gearing tax concessions per year :( How about a level playing field between owner occupiers and investors ? Lets see how many properties they would hoard then !!

people who hoard properties are the real parasites in society and they get government concessions to do it as well :(

No where else does this happen except australia. It really is a measure of a sick society :(

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 17^th, 2013 at 5:21pm

Sir lastnail wrote on Feb 17^th, 2013 at 5:04pm:

John Smith wrote on Feb 17^th, 2013 at 4:12pm:

Sir lastnail wrote on Feb 17^th, 2013 at 2:09pm:

John Smith wrote on Feb 17^th, 2013 at 12:01pm:

Sir lastnail wrote on Feb 17^th, 2013 at 10:06am:

hey what's longlosers great financial advice for these people

never said that.... are you feeling like a failure and trying to blame someone else for your short comings??

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 17^th, 2013 at 5:23pm

Sir lastnail wrote on Feb 17^th, 2013 at 5:16pm:

Innocent bystander wrote on Feb 17^th, 2013 at 2:59pm:

ian wrote on Feb 17^th, 2013 at 2:20pm:

land has always been the premier investment of choice ... it's been that way for thousands of years ... and will only become more of an investment as populations increase ... you seem to blame negative gearing but fail to realise that without negative gearing, you probably wouldn't have that shack you are renting or would be paying twice what you are now.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 17^th, 2013 at 5:49pm

John Smith wrote on Feb 17^th, 2013 at 5:21pm:

Sir lastnail wrote on Feb 17^th, 2013 at 5:04pm:

John Smith wrote on Feb 17^th, 2013 at 4:12pm:

Sir lastnail wrote on Feb 17^th, 2013 at 2:09pm:

John Smith wrote on Feb 17^th, 2013 at 12:01pm:

Sir lastnail wrote on Feb 17^th, 2013 at 10:06am:

hey what's longlosers great financial advice for these people

never said that.... are you feeling like a failure and trying to blame someone else for your short comings??

It's not just about me mate. It's about everyone else, age notwithstanding who is looking to buy a joint to LIVE IN !! Why do you keep thinking that this thread is all about me like you want to ignore millions of others with issues.

Tell me something. What would have happened if everyone invested in housing and nothing else ? Who would give you and your offspring a job or is that always someone else's problem to make that investment just so you can get a cashflow from a regular income and then you use that money to go about buying and selling houses ?

Also what do you expect the youth of today to do now after you have hoarded property for years on end and used every trick in the book including coercing governments to create corrupt policies in order to push up prices to ridiculous and unsustainable levels ?

Are you going to blame everyone else for not being able to afford these ridiculous property prices like you are now or are you going to take a good hard look in the mirror and finally confess that you have been stealing from future generations to satisfy your own insatiable hunger for greed in life ?

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 17^th, 2013 at 5:54pm

Sir lastnail wrote on Feb 17^th, 2013 at 5:49pm:

John Smith wrote on Feb 17^th, 2013 at 5:21pm:

Sir lastnail wrote on Feb 17^th, 2013 at 5:04pm:

John Smith wrote on Feb 17^th, 2013 at 4:12pm:

Sir lastnail wrote on Feb 17^th, 2013 at 2:09pm:

John Smith wrote on Feb 17^th, 2013 at 12:01pm:

Sir lastnail wrote on Feb 17^th, 2013 at 10:06am:

hey what's longlosers great financial advice for these people

never said that.... are you feeling like a failure and trying to blame someone else for your short comings??

Tell me something. What would have happened if everyone invested in housing and nothing else ? that scenario is never going to happen so it's pointless trying to use that as your excuse ... try to keep your arguments within the realms of reality

Who would give you and your offspring a job or is that always someone else's problem to make that investment just so you can get a cashflow from a regular income and then you use that money to go about buying and selling houses ?

Also what do you expect the youth of today to do now after you have hoarded property for years on end and used every trick in the book including coercing governments to create corrupt policies in order to push up prices to ridiculous and unsustainable levels ?

Are you going to blame everyone else for not being able to afford these ridiculous property prices like you are now or are you going to take a good hard look in the mirror and finally confess that you have been stealing from future generations to satisfy your own insatiable hunger for greed in life ?

you seem to be confused .. I'm not blaming anyone for the 'ridiculous' property prices .. thats what you are doing...

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 17^th, 2013 at 10:47pm

John Smith wrote on Feb 17^th, 2013 at 5:54pm:

you seem to be confused .. I'm not blaming anyone for the 'ridiculous' property prices .. thats what you are doing...

You are. Your argument is to blame a 20 yo for not buying a house 30 years ago !!

That's how stupid your argument is.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by ian on Feb 17^th, 2013 at 11:47pm

Sir lastnail wrote on Feb 17^th, 2013 at 10:47pm:

and don't expect everyone else who DIDN'T invest in property to give your kids a job either. Let them buy and sell houses to each other and see how far that gets them See what happened in Ireland, Spain and US. Proof that you can't sustain an economy with property deals alone

What on earth are you talking about? Australia has an unemployment rate of 5.6 percent with one of the highest standards of living in the world. The price of property is a symptom of our high living standards, not the cause of it. Even malingerers such as yourself have a high standard of living comparitive to the rest of the world. Might help to learn something about the subject unless you want to keep embarrasing yourself. Your posts on this subject are becoming so sub standard that Im actually embarrassed for you.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Annie Anthrax on Feb 18^th, 2013 at 12:02am

ian wrote on Feb 17^th, 2013 at 2:20pm:

Im sick and tired of hearing people whinge about how unnafordable housing is. I own rental properties but I have worked hard for them, 7 days a week for years. [....] The fact that many choose lifestyle choices like only working 38 hours a week and spending a large proportion of their income on entertainment, junk food and impulse buys doesnt make housing unnafordable and doesnt make landlords greedy. I resent being labelled "greedy" simply for being a hard worker prepared to sacrifice luxuries. [....] start working hard, 2 jobs if necassary as I have done for decades. Otherwise, quit your whinging. Your lazy, Im not. Thats why I have more than you. Its called work ethic.

No it isn't. It's called deranged. Do you have children? I hope not - they're probably frightened by the strange man that walks through the door because by the sound of your lifestyle, they wouldn't know who you are.

What kind of life is that? Balance is good.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Spot of Borg on Feb 18^th, 2013 at 5:28am

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 18^th, 2013 at 7:57am

Sir Spot of Borg wrote on Feb 18^th, 2013 at 5:28am:

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

except that they arent, just another thing you made up.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 18^th, 2013 at 8:00am

Sir lastnail wrote on Feb 17^th, 2013 at 10:47pm:

John Smith wrote on Feb 17^th, 2013 at 5:54pm:

you seem to be confused .. I'm not blaming anyone for the 'ridiculous' property prices .. thats what you are doing...

You are. Your argument is to blame a 20 yo for not buying a house 30 years ago !!

That's how stupid your argument is.

I see comprehension is a problem for you? The fact that you didn't buy a house 30 yrs ago has done nothing to affect the price today .. it merely affects yours ability to pay rent upon retirement. Good luck with that by the way.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 18^th, 2013 at 8:07am

Annie Anthrax wrote on Feb 18^th, 2013 at 12:02am:

ian wrote on Feb 17^th, 2013 at 2:20pm:

A bit harsh there Annie ... without knowing his circumstances you probably shouldn't comment on his private life. I also used to work 12 hr/ 7 days a week .... at the time, I was single but I realised that if I didn't do it when I was young, I wasn't going to do it. Now I am in a position where I don't have to do so and I can pick and chose when i work. I would never have got myself in this position if I hadn't made some sacrifices when I was younger.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 18^th, 2013 at 8:33am

John Smith wrote on Feb 18^th, 2013 at 8:07am:

Annie Anthrax wrote on Feb 18^th, 2013 at 12:02am:

ian wrote on Feb 17^th, 2013 at 2:20pm:

the entire concept of hard work, personal sacrifice and taking risks doesnt enter the world of many posters on here. thats why some are well off and others are dirt poor (like toenail)

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Spot of Borg on Feb 18^th, 2013 at 9:09am

longweekend58 wrote on Feb 18^th, 2013 at 7:57am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 5:28am:

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

except that they arent, just another thing you made up.

http://www.realestate.com.au/buy

SOB

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Spot of Borg on Feb 18^th, 2013 at 9:11am

longweekend58 wrote on Feb 18^th, 2013 at 8:33am:

John Smith wrote on Feb 18^th, 2013 at 8:07am:

Annie Anthrax wrote on Feb 18^th, 2013 at 12:02am:

ian wrote on Feb 17^th, 2013 at 2:20pm:

the entire concept of hard work, personal sacrifice and taking risks doesnt enter the world of many posters on here. thats why some are well off and others are dirt poor (like toenail)

A lot of ppl end up dirt poor after losing all their assets in a divorce.

SOB

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by gizmo_2655 on Feb 18^th, 2013 at 9:19am

Sir Spot of Borg wrote on Feb 18^th, 2013 at 9:09am:

longweekend58 wrote on Feb 18^th, 2013 at 7:57am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 5:28am:

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

except that they arent, just another thing you made up.

http://www.realestate.com.au/buy

SOB

You might want to look again...
Mosman: 3 bedroom, 1 bath from $1.5 million
Cootamundra: 3 bedroom, 2 bath, 2 car spaces (2 years old) $319,000

http://ronloiterton.com.au/search/results.aspx?class=1&agtid=1577

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 18^th, 2013 at 9:34am

here's another one for those who want cheap property ... surely you don't think $99g is to much for a house and over 600m2 of land?

http://ronloiterton.com.au/search/display.aspx?ln=1557187

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by gizmo_2655 on Feb 18^th, 2013 at 9:39am

John Smith wrote on Feb 18^th, 2013 at 9:34am:

here's another one for those who want cheap property ... surely you don't think $99g is to much for a house and over 600m2 of land?

http://ronloiterton.com.au/search/display.aspx?ln=1557187

yep. and the average rental income around here is about $230.00 per week for a 3 bedroom house

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 18^th, 2013 at 9:50am

gizmo_2655 wrote on Feb 18^th, 2013 at 9:39am:

John Smith wrote on Feb 18^th, 2013 at 9:34am:

here's another one for those who want cheap property ... surely you don't think $99g is to much for a house and over 600m2 of land?

http://ronloiterton.com.au/search/display.aspx?ln=1557187

yep. and the average rental income around here is about $230.00 per week for a 3 bedroom house

sounds like a good return.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Carl D on Feb 18^th, 2013 at 10:03am

John Smith wrote on Feb 18^th, 2013 at 9:34am:

here's another one for those who want cheap property ... surely you don't think $99g is to much for a house and over 600m2 of land?

When I click on your link my WOT (Web Of Trust) Firefox extension tells me that the site is unsafe.

I would post a screenshot but I don't have enough posts to allow me to posts links or attachments yet. I even had to remove the link from my quote of your post.

I find that rather ironic for a real estate company. ;D

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 18^th, 2013 at 11:23am

John Smith wrote on Feb 18^th, 2013 at 9:50am:

gizmo_2655 wrote on Feb 18^th, 2013 at 9:39am:

John Smith wrote on Feb 18^th, 2013 at 9:34am:

here's another one for those who want cheap property ... surely you don't think $99g is to much for a house and over 600m2 of land?

http://ronloiterton.com.au/search/display.aspx?ln=1557187

yep. and the average rental income around here is about $230.00 per week for a 3 bedroom house

sounds like a good return.

all of which powerfully disproves SOB's assertion. However, I fdind that most people start with the assumpt that anything SOB says is wrong unless he provides evidence to prove it. And it is a pretty accurate resumption as well.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Spot of Borg on Feb 18^th, 2013 at 11:35am

longweekend58 wrote on Feb 18^th, 2013 at 11:23am:

John Smith wrote on Feb 18^th, 2013 at 9:50am:

gizmo_2655 wrote on Feb 18^th, 2013 at 9:39am:

John Smith wrote on Feb 18^th, 2013 at 9:34am:

here's another one for those who want cheap property ... surely you don't think $99g is to much for a house and over 600m2 of land?

http://ronloiterton.com.au/search/display.aspx?ln=1557187

yep. and the average rental income around here is about $230.00 per week for a 3 bedroom house

sounds like a good return.

What was my assertion? Seriously didnt even mention rental income.

SOB

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Spot of Borg on Feb 18^th, 2013 at 11:40am

gizmo_2655 wrote on Feb 18^th, 2013 at 9:19am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 9:09am:

longweekend58 wrote on Feb 18^th, 2013 at 7:57am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 5:28am:

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

except that they arent, just another thing you made up.

http://www.realestate.com.au/buy

SOB

Yeah but when you arent dishonest and comparing extremes you will find its about the same in the country rural areas and suburbs of the cities. Most anyway i doubt it costs much for a 5 BR house in dirranbandi.

SOB

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by gizmo_2655 on Feb 18^th, 2013 at 11:46am

Sir Spot of Borg wrote on Feb 18^th, 2013 at 11:40am:

gizmo_2655 wrote on Feb 18^th, 2013 at 9:19am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 9:09am:

longweekend58 wrote on Feb 18^th, 2013 at 7:57am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 5:28am:

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

except that they arent, just another thing you made up.

http://www.realestate.com.au/buy

SOB

so then house prices AREN'T as high in the country as they are in the cities???

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by FriYAY on Feb 18^th, 2013 at 11:46am

Sir Spot of Borg wrote on Feb 18^th, 2013 at 5:28am:

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

Air port, buses, shanks pony.

School - 2 private 2 state primary schools - walking distance.

Work - plenty.

Houses - across the street 3 BR, new kitchen, pool, city center in walking distance, schools as well. $210-230K

FAIL...

:o :o

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 18^th, 2013 at 11:49am

this may be a stupid question, but what the fcks a shank pony?

FriYAY wrote on Feb 18^th, 2013 at 11:46am:

shanks pony

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by FriYAY on Feb 18^th, 2013 at 11:58am

John Smith wrote on Feb 18^th, 2013 at 11:49am:

this may be a stupid question, but what the fcks a shank pony?

FriYAY wrote on Feb 18^th, 2013 at 11:46am:

shanks pony

Walking.. :)

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 18^th, 2013 at 12:01pm

FriYAY wrote on Feb 18^th, 2013 at 11:58am:

John Smith wrote on Feb 18^th, 2013 at 11:49am:

this may be a stupid question, but what the fcks a shank pony?

FriYAY wrote on Feb 18^th, 2013 at 11:46am:

shanks pony

Walking.. :)

[smiley=dankk2.gif]

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 18^th, 2013 at 12:08pm

John Smith wrote on Feb 18^th, 2013 at 8:00am:

Sir lastnail wrote on Feb 17^th, 2013 at 10:47pm:

John Smith wrote on Feb 17^th, 2013 at 5:54pm:

you seem to be confused .. I'm not blaming anyone for the 'ridiculous' property prices .. thats what you are doing...

You are. Your argument is to blame a 20 yo for not buying a house 30 years ago !!

That's how stupid your argument is.

Why don't you stick to the original thread topic instead of criticizing anyone whose opinion you don't like. What is your actual solution to the problem ?

Invent a time machine and go back in time and buy ?

Could you actually suggest something of value instead of coming here and boasting about your bullshit investment strategy in the past that has now got the country into 1.3 trillions worth of housing debt and pushed up prices to ridiculous levels :(

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 18^th, 2013 at 12:16pm

Sir lastnail wrote on Feb 18^th, 2013 at 12:08pm:

Why don't you stick to the original thread topic instead of criticizing anyone whose opinion you don't like. What is your actual solution to the problem ?

but I'm not the one claiming there is a problem .... you are!

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Annie Anthrax on Feb 18^th, 2013 at 12:18pm

John Smith wrote on Feb 18^th, 2013 at 8:07am:

Annie Anthrax wrote on Feb 18^th, 2013 at 12:02am:

ian wrote on Feb 17^th, 2013 at 2:20pm:

Come now, John. I didn't see you complaining of harshness with Ian's post about the private lives of other members. Coming down on people for working a 38hr week and getting riled if they spend a 'portion of that on entertainment'. What kind of a life is that?

He's worked 2 jobs for decades. I find that sad. It's hardly lazy (as Ian suggests) to not want to spend every waking moment at the workplace. If that's what he (or you) want to do, knock yourself out, but there's no need to infer that people with social lives or interests outside making money are failures.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 18^th, 2013 at 12:19pm

Sir lastnail wrote on Feb 18^th, 2013 at 12:08pm:

Could you actually suggest something of value instead of coming here and boasting about your bullshit investment strategy in the past that has now got the country into 1.3 trillions worth of housing debt and pushed up prices to ridiculous levels

I haven't given you any of my investment strategies ... I've used examples of some of my past property transactions to highlight your errors, but thats not the same thing now is it.

I'll say it again, comprehension isn't your forte .

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 18^th, 2013 at 12:21pm

Annie Anthrax wrote on Feb 18^th, 2013 at 12:18pm:

John Smith wrote on Feb 18^th, 2013 at 8:07am:

Annie Anthrax wrote on Feb 18^th, 2013 at 12:02am:

ian wrote on Feb 17^th, 2013 at 2:20pm:

He commented on his life, and that's his choice to make ... I don't think you have enough information to criticise or pigeon hole him.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Spot of Borg on Feb 18^th, 2013 at 2:32pm

gizmo_2655 wrote on Feb 18^th, 2013 at 11:46am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 11:40am:

gizmo_2655 wrote on Feb 18^th, 2013 at 9:19am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 9:09am:

longweekend58 wrote on Feb 18^th, 2013 at 7:57am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 5:28am:

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

except that they arent, just another thing you made up.

http://www.realestate.com.au/buy

SOB

so then house prices AREN'T as high in the country as they are in the cities???

Yes they are. Dirranbandi is an extreme as is st ives in sydney. What are you attempting to do?

SOB

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Spot of Borg on Feb 18^th, 2013 at 2:33pm

FriYAY wrote on Feb 18^th, 2013 at 11:46am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 5:28am:

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

You know that doesnt make any sense right? You obviously left out the point.

SOB

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by FriYAY on Feb 18^th, 2013 at 2:39pm

Sir Spot of Borg wrote on Feb 18^th, 2013 at 2:33pm:

FriYAY wrote on Feb 18^th, 2013 at 11:46am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 5:28am:

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

You know that doesnt make any sense right? You obviously left out the point.

SOB

Go away troll.....

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by gizmo_2655 on Feb 18^th, 2013 at 2:42pm

Sir Spot of Borg wrote on Feb 18^th, 2013 at 2:32pm:

gizmo_2655 wrote on Feb 18^th, 2013 at 11:46am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 11:40am:

gizmo_2655 wrote on Feb 18^th, 2013 at 9:19am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 9:09am:

longweekend58 wrote on Feb 18^th, 2013 at 7:57am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 5:28am:

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

except that they arent, just another thing you made up.

http://www.realestate.com.au/buy

SOB

so then house prices AREN'T as high in the country as they are in the cities???

Yes they are. Dirranbandi is an extreme as is st ives in sydney. What are you attempting to do?

SOB

How so??...you claimed that house prices were similarly expensive in both the city and the country.
I showed you that Cootamundra (where I live) is considerably cheaper than Sydney...so how is Dirranbandi as 'extreme' as St Ives??

You can buy a 5 bedroom house in Dirranbandi for $195,000, and a 5 bedroom house in St Ives is over $1,000,000...

Dirranbandi is only 1/10 the price of St Ives..So far cheaper to buy in Dirranbandi than in St Ives..

The most expensive house here in Coota (or surrounding areas) is less than half a million...and that's for 5+ bedrooms and all the bells and whistles, a friend of mines son is looking to buy his unit in Western Sydney (2 bedrooms, I think) for about $300K..

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by aquascoot on Feb 18^th, 2013 at 2:45pm

Annie Anthrax wrote on Feb 18^th, 2013 at 12:02am:

ian wrote on Feb 17^th, 2013 at 2:20pm:

depends if ian loves his job. if he does, its not sad at all , its inspirational.

whats sad is those sheeple , walking around shopping centres, buying useless trinkets and fast food (as ian rightly points out) and then bitching about having no money.

they are the ones setting a bad example for their kids.

work your arse off in something you enjoy.
get your kids outside as well.
physically and intellectually challenge them.
self esteem and sense of purpose comes through taking on challenges (a second job, climbing a mountain, running a marathon) and then admiring the view from the top.

lazy, sloppy, whinging people will always see "housing" as a struggle.

see it as a challenge. buy the cheapest sh#thole you can find and do it up.
then you can kick back on the porch with a beer and feel the satisfaction that comes with knowing

'the only time you should feel comfortable, is when youre uncomfortable"

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 18^th, 2013 at 3:03pm

John Smith wrote on Feb 18^th, 2013 at 12:16pm:

Sir lastnail wrote on Feb 18^th, 2013 at 12:08pm:

Why don't you stick to the original thread topic instead of criticizing anyone whose opinion you don't like. What is your actual solution to the problem ?

but I'm not the one claiming there is a problem .... you are!

exactly. you are the one claiming housing is unaffordable despite the fact that most do exactly that.

it's just YOU that cant afford it or just as likely WONT afford it.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 18^th, 2013 at 3:26pm

John Smith wrote on Feb 18^th, 2013 at 12:19pm:

Sir lastnail wrote on Feb 18^th, 2013 at 12:08pm:

so your suggestions to help the situation is what ?

Not once have you said to scrap the negative gearing rorts to stop people hoarding properties and bidding up prices and thus denying other genuine wannabee owner occupiers a home that they can own !!

Not once have you said to scrap first home buyers grants which only serve to inflate the bubble.

Not once have you said to stop foreign investors buying and out bidding locals.

You are totally against mandatory architects reports because that would make most houses unsellable and require extensive repairs before they could be sold.

All you can suggest is to blame someone for not buying 50 years ago when they weren't even alive. Hindsight is hardly a solution nor is to keep denying the issues and parrot on about others comprehensions skills :(

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 18^th, 2013 at 3:30pm

longweekend58 wrote on Feb 18^th, 2013 at 3:03pm:

John Smith wrote on Feb 18^th, 2013 at 12:16pm:

Sir lastnail wrote on Feb 18^th, 2013 at 12:08pm:

Why don't you stick to the original thread topic instead of criticizing anyone whose opinion you don't like. What is your actual solution to the problem ?

but I'm not the one claiming there is a problem .... you are!

exactly. you are the one claiming housing is unaffordable despite the fact that most do exactly that.

it's just YOU that cant afford it or just as likely WONT afford it.

850,000 in mortage and rental stress means they are NOT affordable !! Why are you so delusional ? Do you need the evidence again for the 100th time ?

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Andrei.Hicks on Feb 18^th, 2013 at 3:37pm

My parents funded their retirement through holding 4 properties in 4 states of Australia.

Provided accommodation and rental places for students.
Provided capital influx into the country.
Provided them a fairly sizeable increase in capital when they sold.
Provided my sister and I an increased inheritance.

Yeah Lastnail, property sounds like everyone loses all round eh?
You enjoy your rent mate and paying off someone else's mortgage.

Rent is dead money after the month is gone, its gone.
You will never save more than I have made in capital gains from selling property in the same period.

I don't know why you can't see that and I have no idea why you get so angry about it.
Just get on board.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 18^th, 2013 at 3:38pm

Sir lastnail wrote on Feb 18^th, 2013 at 3:26pm:

John Smith wrote on Feb 18^th, 2013 at 12:19pm:

Sir lastnail wrote on Feb 18^th, 2013 at 12:08pm:

so your suggestions to help the situation is what ? are you deliberately trying to ride me now or are you just plain stupid? I don't think there is anything wrong with the situation as it is

Not once have you said to scrap the negative gearing rorts to stop people hoarding properties and bidding up prices and thus denying other genuine wannabee owner occupiers a home that they can own !!

because I don't think they should scrap negative gearing

Not once have you said to scrap first home buyers grants which only serve to inflate the bubble.

personally, i couldn't care one way or the other about this one ...

Not once have you said to stop foreign investors buying and out bidding locals

You are totally against mandatory architects reports because that would make most houses unsellable and require extensive repairs before they could be sold.

any house is sellable even if it is falling down, you want to repair it you do it, . ... you want the report you pay for it,

All you can suggest is to blame someone for not buying 50 years ago when they weren't even alive. Hindsight is hardly a solution nor is to keep denying the issues and parrot on about others comprehensions skills :(

and you've proven once again that you do not understand what you yourself are saying. You keep complaining that I'm not offering solutions despite my telling you on many occassions that I DON'T THINK THE SYSTEM IS BROKE .... if you fail to understand that then yes, you have a comprehension problem

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 18^th, 2013 at 3:43pm

Sir lastnail wrote on Feb 18^th, 2013 at 3:30pm:

longweekend58 wrote on Feb 18^th, 2013 at 3:03pm:

John Smith wrote on Feb 18^th, 2013 at 12:16pm:

Sir lastnail wrote on Feb 18^th, 2013 at 12:08pm:

Why don't you stick to the original thread topic instead of criticizing anyone whose opinion you don't like. What is your actual solution to the problem ?

but I'm not the one claiming there is a problem .... you are!

exactly. you are the one claiming housing is unaffordable despite the fact that most do exactly that.

it's just YOU that cant afford it or just as likely WONT afford it.

850,000 in mortage and rental stress means they are NOT affordable !! Why are you so delusional ? Do you need the evidence again for the 100th time ?

maybe those 850 000 should have bought 3 bedroom with single garage rather than go for the 4 bedroom with home theatre and 4 car garage. People make bad decisions, that doesn't mean it is the fault of the market or anyone is ripping them off ... if they stop offering excessive amounts to buy the property, the market adjusts and the vendor has to sell at a lower rate or not sell. No one makes you buy at the higher rate. A simple rule, and not just for properties, is to not spend more than you can afford to repay .....

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Andrei.Hicks on Feb 18^th, 2013 at 3:47pm

TWO Golden Rules I stick to and offer to you

1. (courtesy of my mate in real estate)

Have three prices.
1. What you want to pay.
2. What you think its worth now.
3. Your top price. Do not ever go over this price, if the auction goes over it then smile and think of the next property you want because this has gone.

2. Courtesy of my old man.

Never, ever borrow more than 3 times your salary for a mortgage. Ever.

Stick to them and you'll be alright.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 18^th, 2013 at 4:04pm

John Smith wrote on Feb 18^th, 2013 at 3:43pm:

Sir lastnail wrote on Feb 18^th, 2013 at 3:30pm:

longweekend58 wrote on Feb 18^th, 2013 at 3:03pm:

John Smith wrote on Feb 18^th, 2013 at 12:16pm:

Sir lastnail wrote on Feb 18^th, 2013 at 12:08pm:

Why don't you stick to the original thread topic instead of criticizing anyone whose opinion you don't like. What is your actual solution to the problem ?

but I'm not the one claiming there is a problem .... you are!

exactly. you are the one claiming housing is unaffordable despite the fact that most do exactly that.

it's just YOU that cant afford it or just as likely WONT afford it.

850,000 in mortage and rental stress means they are NOT affordable !! Why are you so delusional ? Do you need the evidence again for the 100th time ?

Well of course it's always their fault and nobody else's !! Maybe they got sucked in by the triple first home buyers scam and the property spruikers on the 6 o'clock national news telling them NOW is always the best time to buy :(

I'm very surprised you don't blame them for not buying 50 years ago when they weren't even born.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 18^th, 2013 at 4:06pm

Andrei.Hicks wrote on Feb 18^th, 2013 at 3:47pm:

well tell that to the people in Ireland, Spain and the US !!

Your old man never told you that a house is only worth what the bigger fool is willing to pay and there are no shortage of fools in australia :(

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 18^th, 2013 at 4:53pm

Sir lastnail wrote on Feb 18^th, 2013 at 3:30pm:

longweekend58 wrote on Feb 18^th, 2013 at 3:03pm:

John Smith wrote on Feb 18^th, 2013 at 12:16pm:

Sir lastnail wrote on Feb 18^th, 2013 at 12:08pm:

Why don't you stick to the original thread topic instead of criticizing anyone whose opinion you don't like. What is your actual solution to the problem ?

but I'm not the one claiming there is a problem .... you are!

exactly. you are the one claiming housing is unaffordable despite the fact that most do exactly that.

it's just YOU that cant afford it or just as likely WONT afford it.

850,000 in mortage and rental stress means they are NOT affordable !! Why are you so delusional ? Do you need the evidence again for the 100th time ?

first problem... 'mortgage and RENTAL stress'. that is not the same thing. get the figures for mortgage stress (since we are talking abotu home OWNERSHIP and then come back

second problem 'stress' implies difficulty. Do you think this is the first generation to have had to work hard to pay the mortgage? we all did. We all went without and often without the kids of things many of these 'stressed' are unwilling to give up'

third problem: that number leaves an AWFUL LOT who arent 'stressed'

fourth problem: despite this supposed 'stress' they are still managing to do it with repossesions still very low esp by international standards

fifth problem: you.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 18^th, 2013 at 6:42pm

Sir lastnail wrote on Feb 18^th, 2013 at 4:04pm:

John Smith wrote on Feb 18^th, 2013 at 3:43pm:

Sir lastnail wrote on Feb 18^th, 2013 at 3:30pm:

longweekend58 wrote on Feb 18^th, 2013 at 3:03pm:

John Smith wrote on Feb 18^th, 2013 at 12:16pm:

Sir lastnail wrote on Feb 18^th, 2013 at 12:08pm:

Why don't you stick to the original thread topic instead of criticizing anyone whose opinion you don't like. What is your actual solution to the problem ?

but I'm not the one claiming there is a problem .... you are!

exactly. you are the one claiming housing is unaffordable despite the fact that most do exactly that.

it's just YOU that cant afford it or just as likely WONT afford it.

850,000 in mortage and rental stress means they are NOT affordable !! Why are you so delusional ? Do you need the evidence again for the 100th time ?

yes it's their fault ... I cannot tell you how many times I saw first home buyers looking at $500 - $600 thousand properties. Are you kidding me? Dad gives them the $50 000 deposit and they think they can go straight to the top of the market? ... they wanted the big McMansion with all the trimming rather than start with something more modest and build up to the McMansion. These are often younger couples who are starting of in life, not thinking that in a few years they'll probably have kids which will mean one has to stop work. Yes it's their fault. My first house I bought 15 yrs ago at $98 000. I would have loved the $500 000 house, but it was unafordable at the time. If you consider a mortgage you need to consider it long term, not just here and now. Fail to do so and you can only blame yourself. There have certainly been enough warnings out there.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 18^th, 2013 at 8:17pm

John Smith wrote on Feb 18^th, 2013 at 6:42pm:

Sir lastnail wrote on Feb 18^th, 2013 at 4:04pm:

John Smith wrote on Feb 18^th, 2013 at 3:43pm:

Sir lastnail wrote on Feb 18^th, 2013 at 3:30pm:

longweekend58 wrote on Feb 18^th, 2013 at 3:03pm:

John Smith wrote on Feb 18^th, 2013 at 12:16pm:

Sir lastnail wrote on Feb 18^th, 2013 at 12:08pm:

Why don't you stick to the original thread topic instead of criticizing anyone whose opinion you don't like. What is your actual solution to the problem ?

but I'm not the one claiming there is a problem .... you are!

exactly. you are the one claiming housing is unaffordable despite the fact that most do exactly that.

it's just YOU that cant afford it or just as likely WONT afford it.

850,000 in mortage and rental stress means they are NOT affordable !! Why are you so delusional ? Do you need the evidence again for the 100th time ?

my first place was a 3BR hom for $36000. now I have expanded it to a 6BR place. But I bought what I could afford in a humble suburb that is now not so humble.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by bobbythebat1 on Feb 18^th, 2013 at 8:29pm

Longy,

Quote:

my first place was a 3BR hom for $36000. now I have expanded it to a 6BR place.
But I bought what I could afford in a humble suburb that is now not so humble.

Was that one of those extension factory jobs?

What are the rates?

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 18^th, 2013 at 10:12pm

John Smith wrote on Feb 18^th, 2013 at 6:42pm:

Sir lastnail wrote on Feb 18^th, 2013 at 4:04pm:

John Smith wrote on Feb 18^th, 2013 at 3:43pm:

Sir lastnail wrote on Feb 18^th, 2013 at 3:30pm:

longweekend58 wrote on Feb 18^th, 2013 at 3:03pm:

John Smith wrote on Feb 18^th, 2013 at 12:16pm:

Sir lastnail wrote on Feb 18^th, 2013 at 12:08pm:

Why don't you stick to the original thread topic instead of criticizing anyone whose opinion you don't like. What is your actual solution to the problem ?

but I'm not the one claiming there is a problem .... you are!

exactly. you are the one claiming housing is unaffordable despite the fact that most do exactly that.

it's just YOU that cant afford it or just as likely WONT afford it.

850,000 in mortage and rental stress means they are NOT affordable !! Why are you so delusional ? Do you need the evidence again for the 100th time ?

none of that is the issue and you are also generalising about everyones financial situation when you have no idea. The real issue is why is the house price to average income ratio the highest in the western world ? When you can answer that then you can answer why so many are in mortgage stress in this country !!

Try dealing with the facts instead of generalising about everyones financial position.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 18^th, 2013 at 10:17pm

longweekend58 wrote on Feb 18^th, 2013 at 8:17pm:

my first place was a 3BR hom for $36000. now I have expanded it to a 6BR place. But I bought what I could afford in a humble suburb that is now not so humble.

so what do you expect people to do today ?

go back in a time machine and get a good deal ?? How does you buying a house in the 60's help people now ? Is this supposed to be a solution of some kind ?

You're just a one trick pony who bought a house out of necessity and not through any financial wisdom of what was going to happen in the future especially with successive governments medaling in it all of the time :(

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by ian on Feb 19^th, 2013 at 12:04am

dupe post

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by ian on Feb 19^th, 2013 at 12:05am

Sir lastnail wrote on Feb 18^th, 2013 at 10:17pm:

The real issue is why is the house price to average income ratio the highest in the western world ? When you can answer that then you can answer why so many are in mortgage stress in this country !!

Uh, no its not. And it appears you dont even understand the term price to income ratio.
73 countries have a house price to income ratio higher than Australia.
30 countries have a house price to income ratio lower than Australia.
Only THREE countries have a ratio at 3 or below - USA, Saudi Arabia and Iceland.

wrote on Feb 18^th, 2013 at 10:17pm:

Try dealing with the facts instead of generalising about everyones financial position.

Indeed.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Spot of Borg on Feb 19^th, 2013 at 5:19am

FriYAY wrote on Feb 18^th, 2013 at 2:39pm:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 2:33pm:

FriYAY wrote on Feb 18^th, 2013 at 11:46am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 5:28am:

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

You know that doesnt make any sense right? You obviously left out the point.

SOB

Go away troll.....

So you arent going to explain what you are talking about? Typical.

SOB

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Spot of Borg on Feb 19^th, 2013 at 5:21am

gizmo_2655 wrote on Feb 18^th, 2013 at 2:42pm:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 2:32pm:

gizmo_2655 wrote on Feb 18^th, 2013 at 11:46am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 11:40am:

gizmo_2655 wrote on Feb 18^th, 2013 at 9:19am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 9:09am:

longweekend58 wrote on Feb 18^th, 2013 at 7:57am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 5:28am:

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

except that they arent, just another thing you made up.

http://www.realestate.com.au/buy

SOB

so then house prices AREN'T as high in the country as they are in the cities???

Yes they are. Dirranbandi is an extreme as is st ives in sydney. What are you attempting to do?

SOB

you completely ignored the other part of my sentence about extremes. That is dishonest.

1/2 a million is too much for a house IMO and its the same price as the suburbs of the cities.

SOB

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Spot of Borg on Feb 19^th, 2013 at 5:24am

Andrei.Hicks wrote on Feb 18^th, 2013 at 3:47pm:

so you agree that housing in australia is now unaffordable for most ppl

SOB

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Spot of Borg on Feb 19^th, 2013 at 5:27am

John Smith wrote on Feb 18^th, 2013 at 6:42pm:

Sir lastnail wrote on Feb 18^th, 2013 at 4:04pm:

John Smith wrote on Feb 18^th, 2013 at 3:43pm:

Sir lastnail wrote on Feb 18^th, 2013 at 3:30pm:

longweekend58 wrote on Feb 18^th, 2013 at 3:03pm:

John Smith wrote on Feb 18^th, 2013 at 12:16pm:

Sir lastnail wrote on Feb 18^th, 2013 at 12:08pm:

Why don't you stick to the original thread topic instead of criticizing anyone whose opinion you don't like. What is your actual solution to the problem ?

but I'm not the one claiming there is a problem .... you are!

exactly. you are the one claiming housing is unaffordable despite the fact that most do exactly that.

it's just YOU that cant afford it or just as likely WONT afford it.

850,000 in mortage and rental stress means they are NOT affordable !! Why are you so delusional ? Do you need the evidence again for the 100th time ?

That 98k house is now worth about 500k anyway

SOB

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by JC Denton on Feb 19^th, 2013 at 7:19am

wow you managed to get a house at $98,000. nobody could do that anymore.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 19^th, 2013 at 8:37am

JC Denton wrote on Feb 19^th, 2013 at 7:19am:

wow you managed to get a house at $98,000. nobody could do that anymore.

I put up a link a few pages back that had a 3 bd house at $99 000 .... rent in the area is about $220 - $230 . Look it up if your looking for an investment. needs a little work but at that price who cares.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 19^th, 2013 at 8:39am

Sir lastnail wrote on Feb 18^th, 2013 at 10:12pm:

John Smith wrote on Feb 18^th, 2013 at 6:42pm:

Sir lastnail wrote on Feb 18^th, 2013 at 4:04pm:

John Smith wrote on Feb 18^th, 2013 at 3:43pm:

Sir lastnail wrote on Feb 18^th, 2013 at 3:30pm:

longweekend58 wrote on Feb 18^th, 2013 at 3:03pm:

John Smith wrote on Feb 18^th, 2013 at 12:16pm:

Sir lastnail wrote on Feb 18^th, 2013 at 12:08pm:

Why don't you stick to the original thread topic instead of criticizing anyone whose opinion you don't like. What is your actual solution to the problem ?

but I'm not the one claiming there is a problem .... you are!

exactly. you are the one claiming housing is unaffordable despite the fact that most do exactly that.

it's just YOU that cant afford it or just as likely WONT afford it.

850,000 in mortage and rental stress means they are NOT affordable !! Why are you so delusional ? Do you need the evidence again for the 100th time ?

and you are genaralising about everyones finacial situation ... except your assuming they did all the right things and it's everyone else's fault.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Andrei.Hicks on Feb 19^th, 2013 at 9:02am

My first place was $1m - but I rented for 10 years and as per my rule, only borrowed 3 times the salary to pay for it.

It's irrelevant the price to some extent, as long as you stick to the funding rules.

Lastnail - 850,000 in rental/mortgage stress?

There are 16m in Australia over the age of 18.
Of that 66% either rent or have a mortgage. The others are owner occupied/no mortgage.

So roughly there are 10,560,000 people renting or with a mortgage.
If 850,000 are under stress - while I believe its their own fault for biting off too much than they can eat - thats 8% of the people.

Therefore there's 92% not in stress?

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by gizmo_2655 on Feb 19^th, 2013 at 9:30am

JC Denton wrote on Feb 19^th, 2013 at 7:19am:

wow you managed to get a house at $98,000. nobody could do that anymore.

A friend of mine bought a 2 bedroom house for $92,000 in October last year.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 19^th, 2013 at 9:40am

John Smith wrote on Feb 19^th, 2013 at 8:39am:

and you are genaralising about everyones finacial situation ... except your assuming they did all the right things and it's everyone else's fault.

So everyone in mortgage stress has only got themselves to blame because they bought a house in a country where house prices to average income ratios are about 8 verses the worst case of 3 in the US before the GFC !! And rents are over the top because some scumbag property hoarder expects the tenant to pay it all off for them when the tenant should have bought that place for themselves and be paying it off for themselves :(

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 19^th, 2013 at 9:56am

Sir lastnail wrote on Feb 19^th, 2013 at 9:40am:

John Smith wrote on Feb 19^th, 2013 at 8:39am:

and you are genaralising about everyones finacial situation ... except your assuming they did all the right things and it's everyone else's fault.

houses range from $100 000 to $40 million in Australia ... it's up to you which you chose to buy. Why is that such a difficult concept for you to understand? If you cannot afford it, don't buy it. If no one can afford it, no one buys it and the price comes down. Thats how it works. Stop trying to blame everyone else and accept responsibility for your own choices.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 19^th, 2013 at 10:06am

Here nail .. I found for you an example of what it means to sacrifice. Sure, this example may be a little extreme, and I don't suggest everybody do what this woman did, but if you are suffering from mortgage stress it's up to you to make it right .

http://au.pfinance.yahoo.com/money-manager/debt-and-budgeting/article/-/16179942/mum-of-six-erases-debt-worth-85000-in-six-months

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by greggerypeccary on Feb 19^th, 2013 at 10:09am

gizmo_2655 wrote on Feb 19^th, 2013 at 9:30am:

JC Denton wrote on Feb 19^th, 2013 at 7:19am:

wow you managed to get a house at $98,000. nobody could do that anymore.

A friend of mine bought a 2 bedroom house for $92,000 in October last year.

:-/

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by KJT1981 on Feb 19^th, 2013 at 10:09am

gizmo_2655 wrote on Feb 19^th, 2013 at 9:30am:

JC Denton wrote on Feb 19^th, 2013 at 7:19am:

wow you managed to get a house at $98,000. nobody could do that anymore.

A friend of mine bought a 2 bedroom house for $92,000 in October last year.

Stockinbingal? Wallendbeen ? Bethungra? Grong Grong? Matong? The Rock?

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Andrei.Hicks on Feb 19^th, 2013 at 10:12am

Its horses for courses Lastnail.

I had a mortgage in Australia of $4,500 per month.
It wasn't nice but it was the going rate for borrowing half a mill off of the bank at the time - it's about $1,000 per month cheaper now but still a lot.

I could afford it as a 28 year old.
I couldn't have afforded less than half that as a 22 year old so I rented.
If I had wanted to buy in those years, then I would have done so in a much different suburb and also would have got 2 less bedrooms.

My brother in law in Townsville bought a place for $90k by the way only 3 years ago, so I know they are still around.

By the way, place that house of $90k in my suburb of Armadale where I bought mine and it's a $900k house.

Them's the breaks - I am not understanding what the rage about this is from?
It's obvious - buy what you can afford, where you can afford?

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by gizmo_2655 on Feb 19^th, 2013 at 10:14am

KJT1981 wrote on Feb 19^th, 2013 at 10:09am:

gizmo_2655 wrote on Feb 19^th, 2013 at 9:30am:

JC Denton wrote on Feb 19^th, 2013 at 7:19am:

wow you managed to get a house at $98,000. nobody could do that anymore.

A friend of mine bought a 2 bedroom house for $92,000 in October last year.

Stockinbingal? Wallendbeen ? Bethungra? Grong Grong? Matong? The Rock?

Cootamundra, about 2ks from the main shopping street

Used to live outside The Rock, way more expensive now days.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by KJT1981 on Feb 19^th, 2013 at 10:18am

gizmo_2655 wrote on Feb 19^th, 2013 at 10:14am:

KJT1981 wrote on Feb 19^th, 2013 at 10:09am:

gizmo_2655 wrote on Feb 19^th, 2013 at 9:30am:

JC Denton wrote on Feb 19^th, 2013 at 7:19am:

wow you managed to get a house at $98,000. nobody could do that anymore.

A friend of mine bought a 2 bedroom house for $92,000 in October last year.

Stockinbingal? Wallendbeen ? Bethungra? Grong Grong? Matong? The Rock?

Cootamundra, about 2ks from the main shopping street

Used to live outside The Rock, way more expensive now days.

Cootamundra is a nice town. My brother spent 20 years there with his family.

One house was in Bradman st, one on an acre or so behind the sale yards and I can't remember the third.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by gizmo_2655 on Feb 19^th, 2013 at 10:22am

KJT1981 wrote on Feb 19^th, 2013 at 10:18am:

gizmo_2655 wrote on Feb 19^th, 2013 at 10:14am:

KJT1981 wrote on Feb 19^th, 2013 at 10:09am:

gizmo_2655 wrote on Feb 19^th, 2013 at 9:30am:

JC Denton wrote on Feb 19^th, 2013 at 7:19am:

wow you managed to get a house at $98,000. nobody could do that anymore.

A friend of mine bought a 2 bedroom house for $92,000 in October last year.

Stockinbingal? Wallendbeen ? Bethungra? Grong Grong? Matong? The Rock?

Cootamundra, about 2ks from the main shopping street

Used to live outside The Rock, way more expensive now days.

Cootamundra is a nice town. My brother spent 20 years there with his family.

One house was in Bradman st, one on an acre or so behind the sale yards and I can't remember the third.

Yeah, nice town still...
I've got a dream of buying here, someday. (If I ever get the right Powerball numbers)

There's 2 nice ones for sale now.
http://ronloiterton.com.au//search/display.aspx?ln=1484583

http://ronloiterton.com.au//search/display.aspx?ln=1651768

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by KJT1981 on Feb 19^th, 2013 at 10:28am

gizmo_2655 wrote on Feb 19^th, 2013 at 10:22am:

KJT1981 wrote on Feb 19^th, 2013 at 10:18am:

gizmo_2655 wrote on Feb 19^th, 2013 at 10:14am:

KJT1981 wrote on Feb 19^th, 2013 at 10:09am:

gizmo_2655 wrote on Feb 19^th, 2013 at 9:30am:

JC Denton wrote on Feb 19^th, 2013 at 7:19am:

wow you managed to get a house at $98,000. nobody could do that anymore.

A friend of mine bought a 2 bedroom house for $92,000 in October last year.

Stockinbingal? Wallendbeen ? Bethungra? Grong Grong? Matong? The Rock?

Cootamundra, about 2ks from the main shopping street

Used to live outside The Rock, way more expensive now days.

Cootamundra is a nice town. My brother spent 20 years there with his family.

One house was in Bradman st, one on an acre or so behind the sale yards and I can't remember the third.

They are both nice looking homes mate.

Ok, seeing the map jolted the memory. Thompson st was one.

Bradman may have been where they had the acre. They had a bore put down on the acre.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by FriYAY on Feb 19^th, 2013 at 11:30am

Sir Spot of Borg wrote on Feb 19^th, 2013 at 5:19am:

FriYAY wrote on Feb 18^th, 2013 at 2:39pm:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 2:33pm:

FriYAY wrote on Feb 18^th, 2013 at 11:46am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 5:28am:

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

You know that doesnt make any sense right? You obviously left out the point.

SOB

Go away troll.....

So you arent going to explain what you are talking about? Typical.

SOB

WTF? :-?

Really WTF? :-?

You made 4 claims. :-/

None of them are correct for my area. ;)

We have plenty of transport, plenty of schools, plenty of work, plenty of affordable accommodation. :o

Now if you have nothing decent to add, I suggest you take your trolling elsewhere. >:(

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by hadrian_now on Feb 19^th, 2013 at 1:59pm

It seems to me that it is both incumbent on a society from an ethical view and necessary for social cohesion that housing should be available to those for whom the market does not provide the solution.
The market does a good job allocating housing to those with various levels of income sufficient to purchase or rent according to their means. But we have many people in this country who will always be unable or at certain times will be unable to get into that market.
That is one reason we have a state. Unfortunately the state has for several decades concerned itself all too often with allocating resources to those who in all truth don't need it's assistance. We call it middle class welfare, which may be in the form of direct grants or over-generous tax relief.
For that and other reasons the state has defaulted on the housing responsibility, not that it has ever been a strong priority in this country.
PM Rudd made a promise to tackle this issue but we all know what happened to that. But this has been the only serious attention paid to the issue in a long long time.
At some point, a government will have to address it because it will only get worse. Access to reasonable housing is the first essential step to ensuring that the underbelly doesn't take over the whole social body.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 19^th, 2013 at 2:11pm

hadrian_now wrote on Feb 19^th, 2013 at 1:59pm:

All rudd did was make matters worse by inflating the housing bubble more. Tripling the first buyers scam just encouraged people to borrow more and pay more for overpriced rubbish. There was no benefit whatsoever to the first home buyers. As usual the property scammers got their way again by using more corporate welfare to prop up their corrupt industry :(

The housing sector in this country is no different than the retail sector which has been ripping people off for years and sending local manufacturers broke. In this case the housing sector is sending the average punter broke :(

Watch this video and see how the scam is perpetrated !!

http://www.youtube.com/watch?v=XL3n59wC8kk

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by hadrian_now on Feb 19^th, 2013 at 2:17pm

rusty, I was referring to his promise for a large scale public housing program.
Something like that would have been a much better GFC response than any of the cash splashes or the BER which was such a rip-off.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by gizmo_2655 on Feb 19^th, 2013 at 2:31pm

greggerypeccary wrote on Feb 19^th, 2013 at 10:09am:

gizmo_2655 wrote on Feb 19^th, 2013 at 9:30am:

JC Denton wrote on Feb 19^th, 2013 at 7:19am:

wow you managed to get a house at $98,000. nobody could do that anymore.

A friend of mine bought a 2 bedroom house for $92,000 in October last year.

:-/

LOL no...actually closer to this (but no, that's not it)

http://ronloiterton.com.au//search/display.aspx?ln=1557187

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by gizmo_2655 on Feb 19^th, 2013 at 2:38pm

Sir Spot of Borg wrote on Feb 19^th, 2013 at 5:21am:

gizmo_2655 wrote on Feb 18^th, 2013 at 2:42pm:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 2:32pm:

gizmo_2655 wrote on Feb 18^th, 2013 at 11:46am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 11:40am:

gizmo_2655 wrote on Feb 18^th, 2013 at 9:19am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 9:09am:

longweekend58 wrote on Feb 18^th, 2013 at 7:57am:

Sir Spot of Borg wrote on Feb 18^th, 2013 at 5:28am:

hadrian_now wrote on Feb 17^th, 2013 at 4:12pm:

Yeah rural areas have no transport and other things (like choice of schools etc) and there is less work but the house prices are just as high in most places.

SOB

except that they arent, just another thing you made up.

http://www.realestate.com.au/buy

SOB

so then house prices AREN'T as high in the country as they are in the cities???

Yes they are. Dirranbandi is an extreme as is st ives in sydney. What are you attempting to do?

SOB

you completely ignored the other part of my sentence about extremes. That is dishonest.

1/2 a million is too much for a house IMO and its the same price as the suburbs of the cities.

SOB

Actually I didn't ignore your other part of the sentence about extremes..
Extreme would be those house houses in Sydney, Melbourne and Brisbane that sell for several MILLION dollars, or those houses that the banks sell (usually foreclosures) for the price of a family car...neither is really applicable.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 19^th, 2013 at 2:47pm

hadrian_now wrote on Feb 19^th, 2013 at 2:17pm:

The BER was again designed to help out the property sector by giving building companies more corporate welfare. It had no effect of building any education revolution. Had they used that money to fix a whole lot of public schools in desperate need of repairs then you could argue it was a good use of money.

Labor are a bunch of f.cking idiots who are bad at managing money and making the poor become poorer :(

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by JC Denton on Feb 19^th, 2013 at 3:29pm

greggerypeccary wrote on Feb 19^th, 2013 at 10:09am:

gizmo_2655 wrote on Feb 19^th, 2013 at 9:30am:

JC Denton wrote on Feb 19^th, 2013 at 7:19am:

wow you managed to get a house at $98,000. nobody could do that anymore.

A friend of mine bought a 2 bedroom house for $92,000 in October last year.

:-/

yep.

i'm also not talking about places out in book book or MUMBIL, gizmo.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by gizmo_2655 on Feb 19^th, 2013 at 3:59pm

JC Denton wrote on Feb 19^th, 2013 at 3:29pm:

greggerypeccary wrote on Feb 19^th, 2013 at 10:09am:

gizmo_2655 wrote on Feb 19^th, 2013 at 9:30am:

JC Denton wrote on Feb 19^th, 2013 at 7:19am:

wow you managed to get a house at $98,000. nobody could do that anymore.

A friend of mine bought a 2 bedroom house for $92,000 in October last year.

:-/

yep.

i'm also not talking about places out in book book or MUMBIL, gizmo.

I know...but Cootamundra isn't Book Book..or Mumbil

We've got a population, in town, of 5, 579 people, 2 supermarkets, a library, and an airport, a swimming pool, 6 pubs and 2 clubs...plus we're one of the major stops on the Sydney-Melbourne XPT route.

They're even talking (not very seriously), of putting in a traffic light...someday!!!!!

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by JC Denton on Feb 19^th, 2013 at 4:44pm

cootamundras alright actually. one of the better rural towns of its size range. not comparable to genuine sh1t places like wellington.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by bobbythebat1 on Feb 19^th, 2013 at 5:09pm

Sir lastnail wrote on Feb 19^th, 2013 at 2:47pm:

hadrian_now wrote on Feb 19^th, 2013 at 2:17pm:

Hear hear Nail,

Labor cannot manage money.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 19^th, 2013 at 6:42pm

Sir lastnail wrote on Feb 19^th, 2013 at 2:47pm:

hadrian_now wrote on Feb 19^th, 2013 at 2:17pm:

The BER was designed to help out the building sector, not the property sector. There is a difference.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 19^th, 2013 at 7:03pm

hadrian_now wrote on Feb 19^th, 2013 at 1:59pm:

so your idea is that if you cant afford a house then the govt should give you one? so the rest of use have to pay for two homes instead of one?

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 19^th, 2013 at 7:05pm

John Smith wrote on Feb 19^th, 2013 at 6:42pm:

Sir lastnail wrote on Feb 19^th, 2013 at 2:47pm:

hadrian_now wrote on Feb 19^th, 2013 at 2:17pm:

The BER was designed to help out the building sector, not the property sector. There is a difference.

perhaps they could have had them building things that were actually value for money and not just one thing - school buildings. its like the insulation fiasco. 100 industries to support and Rudd picks on just ONE. and then ruins it for years to come.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 19^th, 2013 at 7:09pm

longweekend58 wrote on Feb 19^th, 2013 at 7:03pm:

hadrian_now wrote on Feb 19^th, 2013 at 1:59pm:

so your idea is that if you cant afford a house then the govt should give you one? so the rest of use have to pay for two homes instead of one?

I don't disagree with that ... everyone should have a roof over their head.

What the govts. need to do is get rid of the tenants in dept. of housing as soon as they are in a position to join the free market and leave dept. housing free for those that need it. As it is you get lifetime tenants no matter how well off they are. I remember one house in particular i worked in, he had a new 4x4 for the wife, a newish merc for himself, he worked as General Manager of a club, wife worked in a legal office ... very good income, no kids, and lived in housing commission. Meanwhile the single mum had to wait 10 yrs.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 19^th, 2013 at 7:12pm

longweekend58 wrote on Feb 19^th, 2013 at 7:05pm:

John Smith wrote on Feb 19^th, 2013 at 6:42pm:

Sir lastnail wrote on Feb 19^th, 2013 at 2:47pm:

hadrian_now wrote on Feb 19^th, 2013 at 2:17pm:

The BER was designed to help out the building sector, not the property sector. There is a difference.

such as? I know, how about an airport for the miners, or a railway exclusively for Palmers use.

no matter where they spend the money someone will always whinge. BER and insulation programmes did what they set out to do. They were a sucess in every way measurable in over 90% of cases.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 19^th, 2013 at 7:25pm

John Smith wrote on Feb 19^th, 2013 at 7:09pm:

longweekend58 wrote on Feb 19^th, 2013 at 7:03pm:

hadrian_now wrote on Feb 19^th, 2013 at 1:59pm:

so your idea is that if you cant afford a house then the govt should give you one? so the rest of use have to pay for two homes instead of one?

and THERE is the problem with the management of public housing. those who need it cant get it often because those that no long need it wont get out and the govts wont push them.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 19^th, 2013 at 7:29pm

John Smith wrote on Feb 19^th, 2013 at 7:12pm:

longweekend58 wrote on Feb 19^th, 2013 at 7:05pm:

John Smith wrote on Feb 19^th, 2013 at 6:42pm:

Sir lastnail wrote on Feb 19^th, 2013 at 2:47pm:

hadrian_now wrote on Feb 19^th, 2013 at 2:17pm:

The BER was designed to help out the building sector, not the property sector. There is a difference.

the point I am making is the stimulus was amateur hour. $4B into INSULATION??? not $1B into insulation and $3B into 6 other industries. that woudl require too much effort and too much actual thinking. no, all went to ONE industry. and the BER... exactly why was $16.7B spent on ONE industry? how abotu spreading it around... but no. that would require thinking. not thinking outside the box but just actual thinking. You could use that money to build roads, fix hospitals, put money into training, build dams, do a whole lot of things but no.. JUST ONE.

small thinking but with massive dollar amounts.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by hadrian_now on Feb 20^th, 2013 at 7:31am

so your idea is that if you cant afford a house then the govt should give you one? so the rest of use have to pay for two homes instead of one?

No longie, that's not my idea. I didn't canvas the economics of it but since you ask.
The first point is that the occupants would be either on a long term purchase plan or an affordable rent.
The second point is that it should not be beyond the ability of a capable govt (obviously does not include the present one) to manage a large scale procurement of public housing achieving economies of scale and discounts from suppliers.
The combination of the two should ensure a manageable cost to the taxpayer which in turn would be offset by lower social costs in the community, not to mention economic gains from the stimulus to the building & supply industries.
It's time this country got moving with some worthwhile projects.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 20^th, 2013 at 8:01am

hadrian_now wrote on Feb 20^th, 2013 at 7:31am:

are you aware that any govt project costs 2-4 times that which a private contractor can provide? Witness the BER where when private schools managed the money got excellent value but when run by the education departments had those $600000 canteens the size of a carport with $110,000 for PLANS!

govt housing will always be mega expensive because govt is involved.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by hadrian_now on Feb 20^th, 2013 at 9:18am

You're talking about an incompetent govt and Labor mates.
I'm talking about a sensible govt which would harness the power & expertise of private enterprise, overseen by leading achievers.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 20^th, 2013 at 9:29am

The govt. should simply provide low deposit, low or no interest loans to first home buyers (I would limit it to homes under $400 000 for syd residents, and $300 000 elsewhere). No fee's, no exorbitant charges. Just give people a chance to get a start and pay it back.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 20^th, 2013 at 11:25am

Andrei.Hicks wrote on Feb 19^th, 2013 at 10:12am:

but on the flip side you whinge about the price of a loaf of bread in australia compared to everywhere else !!

Them's the breaks I guess. You get ripped of on housing here as well as on everything else !!

Maybe the penny will finally drop and the average punter will see the housing sector just as it now sees the retail sector as being one big ripoff !!

My "rage" about property is that the government should stop medaling in it and stop providing corporate welfare in the form of tax breaks to property hoarders and speculators. Surely that can't be a difficult concept for you to understand after all I have said it about a hundred times !!

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 20^th, 2013 at 11:31am

John Smith wrote on Feb 20^th, 2013 at 9:29am:

NO IT SHOULDN'T !! IT SHOULD STOP MEDALING IN IT PERIOD !!

What you are suggesting is just like the first home buyers scam which just serves to push up house prices as people borrow more to pay more for the same old rubbish.

The simple solution is that the government should stop providing corporate welfare in the form of tax breaks to property hoarders and speculators !!

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 20^th, 2013 at 11:36am

Sir lastnail wrote on Feb 20^th, 2013 at 11:31am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

you need to get it out of your head that the first home buyers scheme pushes up prices .. it doesn't ...consumers do. If you see a house worth $300 000 you offer $300 000 ..... if the govt. gives you $10 000 and you offer $310 000 for the same house than you are an idiot.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 20^th, 2013 at 11:50am

John Smith wrote on Feb 20^th, 2013 at 11:36am:

Sir lastnail wrote on Feb 20^th, 2013 at 11:31am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

a real estate agent told me years ago that government grants were useless because every time the government doled out money to buyers the sellers would increase it by at least that much because they new the sellers had that much extra to spend ;)

http://www.businessspectator.com.au/bs.nsf/Article/property-housing-first-home-buyers-grant-market-pd20130121-45R9V

Quote:

So the real beneficiaries of the first home vendors’ grant weren’t the poor first home buyers, but those selling their first homes to them – which is why I call it the 'vendors grant' – and the banks, who took the extra deposit the first home vendors’ grant gave first home buyers, and ladened them up with initially three and ultimately over ten times as much more debt.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 20^th, 2013 at 11:51am

John Smith wrote on Feb 20^th, 2013 at 9:29am:

why?

that low/no interest funding has to come from somewhere - taxpayers. and it will be just like public housing. people will get these loans when they are young with low incomes and then keep them when they have two high-paid jobs while everybody else subsidises their unneceesary cheap loans.

I dont mind helping legitimately poor but i have great objection to helping lazy people or those that were ONCE poor but no longer. and means testing seems to only apply when it can harm liberal voters rather than applied in cicurmstances like public housing etc.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 20^th, 2013 at 11:53am

John Smith wrote on Feb 20^th, 2013 at 11:36am:

Sir lastnail wrote on Feb 20^th, 2013 at 11:31am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

he just hates home-owners and that is the sum of his argument. He thinks govt should assist manufacturing then criticises that very assistance. he is dumber than snot.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 20^th, 2013 at 12:08pm

longweekend58 wrote on Feb 20^th, 2013 at 11:53am:

John Smith wrote on Feb 20^th, 2013 at 11:36am:

Sir lastnail wrote on Feb 20^th, 2013 at 11:31am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

he just hates home-owners and that is the sum of his argument. He thinks govt should assist manufacturing then criticises that very assistance. he is dumber than snot.

and you believe that only foreign car companies should get government assistance and no one else !!

and there is a big difference between these asset classes although you still have a hard trouble understanding it.

investment in manufacturing produces a productive asset whereas investment in in a non productive asset such as housing produces nothing but debt otherwise you would be receiving a dividend cheque every year for your house.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 20^th, 2013 at 12:13pm

longweekend58 wrote on Feb 20^th, 2013 at 11:51am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

and who subsidizes negative gearing tax rorts which cost between 4-5 billion in uncollected tax ?

The people who hoard property and expect to receive special tax concessions as well as capital gains whilst tenants pay them off for them are just as much a parasite on the system as those lazy people you always complain about but somehow you have never mentioned this once ever !!

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 20^th, 2013 at 12:15pm

Sir lastnail wrote on Feb 20^th, 2013 at 12:08pm:

longweekend58 wrote on Feb 20^th, 2013 at 11:53am:

John Smith wrote on Feb 20^th, 2013 at 11:36am:

Sir lastnail wrote on Feb 20^th, 2013 at 11:31am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

he just hates home-owners and that is the sum of his argument. He thinks govt should assist manufacturing then criticises that very assistance. he is dumber than snot.

you LIVE in someones investment. What would losers like you do if it werent for investors in housing?

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 20^th, 2013 at 12:29pm

longweekend58 wrote on Feb 20^th, 2013 at 12:15pm:

Sir lastnail wrote on Feb 20^th, 2013 at 12:08pm:

longweekend58 wrote on Feb 20^th, 2013 at 11:53am:

John Smith wrote on Feb 20^th, 2013 at 11:36am:

Sir lastnail wrote on Feb 20^th, 2013 at 11:31am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

he just hates home-owners and that is the sum of his argument. He thinks govt should assist manufacturing then criticises that very assistance. he is dumber than snot.

you LIVE in someones investment. What would losers like you do if it werent for investors in housing?

Did it ever cross your mind that if greedy landlords didn't hoard so many properties then these properties could be made available to people to actually buy and own and perhaps the price would drop because there would be plenty for everyone to buy and own for themselves ?

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 20^th, 2013 at 12:45pm

Sir lastnail wrote on Feb 20^th, 2013 at 11:50am:

John Smith wrote on Feb 20^th, 2013 at 11:36am:

Sir lastnail wrote on Feb 20^th, 2013 at 11:31am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

a real estate agent told me years ago that government grants were useless because every time the government doled out money to buyers the sellers would increase it by at least that much because they new the sellers had that much extra to spend ;)

the seller may try , but ultimately it is the consumer that sets the price. If no one bought it then the seller would quickly drop the price.
http://www.businessspectator.com.au/bs.nsf/Article/property-housing-first-home-buyers-grant-market-pd20130121-45R9V

Quote:

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 20^th, 2013 at 12:47pm

longweekend58 wrote on Feb 20^th, 2013 at 11:51am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

because even if they have two high paid jobs, they pay the government back ... it is a loan, not a handout. Ultimately, it costs the govt. only what it costs to administer the programme, and in the case of low interest loans, they should be able to recoup that anyway

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by perceptions_now on Feb 20^th, 2013 at 12:53pm

There are some basic flaws, at the crux of the FHOG scheme!

It inflates Government Debt.
It often enables younger Home Buyers to enter the Home market, by providing them with a sufficient deposit, even though their previous (particularly savings history) may have meant they would NOT qualify for a Housing Loan.
All of which sound a little like the aim of the US subprime system?

In any event, it does distort the system & it is now doing so at a time when Housing Prices are struggling to increase and in many instances they are actually in Decline.

This is completely different to much of the last century when housing Prices were virtually guaranteed to rise.

IF, as seems likely, Australia follows the trends already shown in Japan, the USA & many European countries, then Housing Prices will continue to Decline further, over the next several decades, WHICH WOULD MEAN MANY YOUNG AUSTRALIANS WILL LOSE THEIR HOUSING DREAM & THEN STRUGGLE WITH THEIR BAD CREDIT RATING!

If my memory serves me, the FHOG was introduced around 2000 as an offset to the GST, which is now well entrenched and I would suggest that the FHOG has now outlived its usefulness, along with some other benefits, such as the Baby Bonus and it's time to get rid of some of these benefits.

At the same time, we should also enact many of the Henry Report suggestions and then keep going, with an eye on Productivity, with additional measures to ensure ALL segments, including companies & the top 10% of income earners also pay their fair share of taxes!

Just as an aside (some would no doubt say useless), did you know that, in the USA -
1) The bottom 50% of income earners in the US, collectively own less than 1% of the national wealth.

2) Between 2001-2007 66% of income growth went to the top 1% of US citizens.

3) The wealthiest 1% of US citizens owns more wealth than the bottom 95% combined.

The situation in OZ may not be quite as bad, BUT we are certainly heading in that direction.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 20^th, 2013 at 12:56pm

John Smith wrote on Feb 20^th, 2013 at 12:45pm:

Sir lastnail wrote on Feb 20^th, 2013 at 11:50am:

John Smith wrote on Feb 20^th, 2013 at 11:36am:

Sir lastnail wrote on Feb 20^th, 2013 at 11:31am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

a real estate agent told me years ago that government grants were useless because every time the government doled out money to buyers the sellers would increase it by at least that much because they new the sellers had that much extra to spend ;)

the seller may try , but ultimately it is the consumer that sets the price. If no one bought it then the seller would quickly drop the price.
http://www.businessspectator.com.au/bs.nsf/Article/property-housing-first-home-buyers-grant-market-pd20130121-45R9V

Quote:

in a bull market or bubble the sellers set the price ;) The tripled first home buyers grant just served to inflate the bubble. It was the proverbial carrot in front of the horse trick and of course you had to get it before the expiry date. Everyone rushes in to get it and the prices increase because demand increases. Classic bubble behaviour ultimately design to help out sellers and not buyers :(

They also encourage cashed up foreign investors to outbid locals and the bubble got inflated even more. Nothing the government did helped first home buyers as evidenced by the real estate institute gloating on national news about how first home buyers were being pushed out of the market :(

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 20^th, 2013 at 1:04pm

perceptions_now wrote on Feb 20^th, 2013 at 12:53pm:

According to Steve Keen the FHOG was introduced by Bob Hawke back in 1983.

Quote:

What bollocks. First home buyers weren’t locked out by the ending of the first home vendors’ grant: they were locked out by the impossibly high prices that this grant has helped generate over the 30 years since it was first invented. And its purpose has never been to give first home buyers a helping hand: it has always been used as a way of giving the economy the economic equivalent of a steroid injection. First home buyers have instead been the sacrificial lambs of an asset-price-inflation route to apparent national prosperity.

This was why Bob Hawke’ introduced the first home owner’s grant in the first place back in 1983. Bob Hawke had just beaten Malcolm Fraser in an election over the level of unemployment, and his advisors suggested a grant as a way of reviving the housing market, and perhaps the economy. It worked a treat, and that (plus speculative lending to finance the Ponzi schemes of Christopher Skase and the rest of the White Shoe brigade) enabled Paul Keating to claim the mantle of 'World’s Greatest Treasurer' in the 1980s.

But the grant also supercharged house price rises as well, so each boost to a flailing economy flailed the chances of first home buyers being able to buy a house in the first place. The impact of the grant on house prices is obvious when you look at movements in house prices before it was introduced, after, when it was in operation, and when it was doubled (or trebled, as under Kevin Rudd).

http://www.businessspectator.com.au/bs.nsf/Article/property-housing-first-home-buyers-grant-market-pd20130121-45R9V

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 20^th, 2013 at 1:07pm

Sir lastnail wrote on Feb 20^th, 2013 at 12:56pm:

John Smith wrote on Feb 20^th, 2013 at 12:45pm:

Sir lastnail wrote on Feb 20^th, 2013 at 11:50am:

John Smith wrote on Feb 20^th, 2013 at 11:36am:

Sir lastnail wrote on Feb 20^th, 2013 at 11:31am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

a real estate agent told me years ago that government grants were useless because every time the government doled out money to buyers the sellers would increase it by at least that much because they new the sellers had that much extra to spend ;)

the seller may try , but ultimately it is the consumer that sets the price. If no one bought it then the seller would quickly drop the price.
http://www.businessspectator.com.au/bs.nsf/Article/property-housing-first-home-buyers-grant-market-pd20130121-45R9V

Quote:

but it's consumer demand that creates that bull market, not the govt. grant .... no one pays, prices drop

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 20^th, 2013 at 1:23pm

John Smith wrote on Feb 20^th, 2013 at 1:07pm:

Sir lastnail wrote on Feb 20^th, 2013 at 12:56pm:

John Smith wrote on Feb 20^th, 2013 at 12:45pm:

Sir lastnail wrote on Feb 20^th, 2013 at 11:50am:

John Smith wrote on Feb 20^th, 2013 at 11:36am:

Sir lastnail wrote on Feb 20^th, 2013 at 11:31am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

a real estate agent told me years ago that government grants were useless because every time the government doled out money to buyers the sellers would increase it by at least that much because they new the sellers had that much extra to spend ;)

the seller may try , but ultimately it is the consumer that sets the price. If no one bought it then the seller would quickly drop the price.
http://www.businessspectator.com.au/bs.nsf/Article/property-housing-first-home-buyers-grant-market-pd20130121-45R9V

Quote:

but it's consumer demand that creates that bull market, not the govt. grant .... no one pays, prices drop

The government grant is the catalyst in the consumer demand. Why do you think labor tripled it and why do you think it didn't actually help the people it was intended to help simply because it was not designed to !!

Read this article. It explains it better than I can.

http://www.businessspectator.com.au/bs.nsf/Article/property-housing-first-home-buyers-grant-market-pd20130121-45R9V

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by perceptions_now on Feb 20^th, 2013 at 4:10pm

Sir lastnail wrote on Feb 20^th, 2013 at 1:04pm:

perceptions_now wrote on Feb 20^th, 2013 at 12:53pm:

According to Steve Keen the FHOG was introduced by Bob Hawke back in 1983.

Quote:

http://www.businessspectator.com.au/bs.nsf/Article/property-housing-first-home-buyers-grant-market-pd20130121-45R9V

Perhaps Keen is correct, you would think his research would be more accurate, than my memory, but a quite google brings up the following -
The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. It is a national scheme funded by the states and territories and administered under their own legislation.

Under the scheme, a one-off grant of up to $7000 is payable to first home owners that satisfy all the eligibility criteria.
http://www.firsthome.gov.au/

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by ian on Feb 20^th, 2013 at 4:40pm

Sir lastnail wrote on Feb 20^th, 2013 at 12:29pm:

That is one of the most absurd comments in the history of the internet. ;D

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 20^th, 2013 at 8:03pm

Sir lastnail wrote on Feb 20^th, 2013 at 12:29pm:

longweekend58 wrote on Feb 20^th, 2013 at 12:15pm:

Sir lastnail wrote on Feb 20^th, 2013 at 12:08pm:

longweekend58 wrote on Feb 20^th, 2013 at 11:53am:

John Smith wrote on Feb 20^th, 2013 at 11:36am:

Sir lastnail wrote on Feb 20^th, 2013 at 11:31am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

he just hates home-owners and that is the sum of his argument. He thinks govt should assist manufacturing then criticises that very assistance. he is dumber than snot.

you LIVE in someones investment. What would losers like you do if it werent for investors in housing?

if landlords didnt have homes to rent you would be living in that 20yo commodore of yours. you still wouldnt own a home because you are either too lazy, too stupid or too broke to do so. and the prices would be lukcy to drop a few percent.

you hate just about everybody, dont you. IN fact, what and who do you actually like (other than your wife boooby)?

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 20^th, 2013 at 8:05pm

John Smith wrote on Feb 20^th, 2013 at 12:47pm:

longweekend58 wrote on Feb 20^th, 2013 at 11:51am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

not at all. these people with high incomes get to pay off a loan at significantly lower cost than the rest of us which is intrinsically unfair since we taxpayer get to subsidise it.

how about the govt stop subsidising everything and start making some people stand on their own two feet or do what everyone did decades ago and start of buying a small house in an outer suburb and upgrading as the years go by.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by longweekend58 on Feb 20^th, 2013 at 8:08pm

Sir lastnail wrote on Feb 20^th, 2013 at 1:23pm:

John Smith wrote on Feb 20^th, 2013 at 1:07pm:

Sir lastnail wrote on Feb 20^th, 2013 at 12:56pm:

John Smith wrote on Feb 20^th, 2013 at 12:45pm:

Sir lastnail wrote on Feb 20^th, 2013 at 11:50am:

John Smith wrote on Feb 20^th, 2013 at 11:36am:

Sir lastnail wrote on Feb 20^th, 2013 at 11:31am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

a real estate agent told me years ago that government grants were useless because every time the government doled out money to buyers the sellers would increase it by at least that much because they new the sellers had that much extra to spend ;)

the seller may try , but ultimately it is the consumer that sets the price. If no one bought it then the seller would quickly drop the price.
http://www.businessspectator.com.au/bs.nsf/Article/property-housing-first-home-buyers-grant-market-pd20130121-45R9V

Quote:

but it's consumer demand that creates that bull market, not the govt. grant .... no one pays, prices drop

so according to nail without the FHOG no one would buy homes. pity about the fact that he is wrong. people buy homes because (unlike you) they dont want to rent for the rest of their lives. the FHOG might make it easier or it might no but it certainly does not make it worse. and the FHOG is a drop in the ocean of the price of a home.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by John Smith on Feb 20^th, 2013 at 9:03pm

longweekend58 wrote on Feb 20^th, 2013 at 8:05pm:

John Smith wrote on Feb 20^th, 2013 at 12:47pm:

longweekend58 wrote on Feb 20^th, 2013 at 11:51am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

Whats unfair ? that someone else gets a leg up? The loan would be open to first home buyers only, with repayments possibly geared to their income .... I don't have all the details worked out and it would probably take someone smarter than me to work them all out .....your argument about it being unfair is rubbish ... it's not about being fair it's about giving those that need it a start so that we don't have people on 10 yr waiting lists for housing.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by salad in on Feb 20^th, 2013 at 9:08pm

wrote on Feb 17^th, 2013 at 5:54am:

More kids growing up in rental homes as financial stress bites families. :(

Jessica Irvine, National Economics Editor
News Limited Network
February 16, 2013

MORE Australian children are growing up in rental homes, a new analysis of Census figures show.

[...]

Read more: http://www.news.com.au/money/property/more-kids-growing-up-in-rental-homes-as-financial-stress-bites-families/story-e6frfmd0-1226579429003#ixzz2L5pVZp8n

Quote:

The Australian government has encouraged broad-scale home-ownership through tax incentives (although mortgage interest is not tax deductible as, for example, in the USA); as a result, 70% of households own their own homes — one of the largest proportions of any nation.

http://en.wikipedia.org/wiki/Home_ownership_in_Australia

I'mphukingcrook, stop posting tosh.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Soren on Feb 20^th, 2013 at 9:38pm

Se tutto ciò che hai è un martello, ogni problema sembra/sarà un chiodo.

When the only tool you have is a hammer, you will see every problem as if it was a nail.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Annie Anthrax on Feb 20^th, 2013 at 9:46pm

Soren wrote on Feb 20^th, 2013 at 9:38pm:

Se tutto ciò che hai è un martello, ogni problema sembra/sarà un chiodo.When the only tool you have is a hammer, you will see every problem as if it was a nail

You are so pretentious it's nauseating.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 20^th, 2013 at 11:31pm

ian wrote on Feb 20^th, 2013 at 4:40pm:

Sir lastnail wrote on Feb 20^th, 2013 at 12:29pm:

That is one of the most absurd comments in the history of the internet. ;D

and why is that ?

every house bought by a hoarder or speculator is one less home to be owned by someone who wants to live in it.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by thelastnail on Feb 20^th, 2013 at 11:34pm

longweekend58 wrote on Feb 20^th, 2013 at 8:08pm:

Sir lastnail wrote on Feb 20^th, 2013 at 1:23pm:

John Smith wrote on Feb 20^th, 2013 at 1:07pm:

Sir lastnail wrote on Feb 20^th, 2013 at 12:56pm:

John Smith wrote on Feb 20^th, 2013 at 12:45pm:

Sir lastnail wrote on Feb 20^th, 2013 at 11:50am:

John Smith wrote on Feb 20^th, 2013 at 11:36am:

Sir lastnail wrote on Feb 20^th, 2013 at 11:31am:

John Smith wrote on Feb 20^th, 2013 at 9:29am:

a real estate agent told me years ago that government grants were useless because every time the government doled out money to buyers the sellers would increase it by at least that much because they new the sellers had that much extra to spend ;)

the seller may try , but ultimately it is the consumer that sets the price. If no one bought it then the seller would quickly drop the price.
http://www.businessspectator.com.au/bs.nsf/Article/property-housing-first-home-buyers-grant-market-pd20130121-45R9V

Quote:

but it's consumer demand that creates that bull market, not the govt. grant .... no one pays, prices drop

I never said that idiot. Why don't you read what I write properly as well as the links that I provide. The FHOG serves only to inflate property prices and not benefit first home owners !! And it does make it worse if you cared to read the link I provided.

Why are you so thick ?

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by ian on Feb 21^st, 2013 at 9:44pm

Sir lastnail wrote on Feb 20^th, 2013 at 11:31pm:

ian wrote on Feb 20^th, 2013 at 4:40pm:

Sir lastnail wrote on Feb 20^th, 2013 at 12:29pm:

That is one of the most absurd comments in the history of the internet. ;D

and why is that ?

every house bought by a hoarder or speculator is one less home to be owned by someone who wants to live in it.

One of my houses is up for sale soon, Its available if you want it.

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by Carl D on Feb 21^st, 2013 at 10:47pm

Quote:

One of my houses is up for sale soon, Its available if you want it.

I'll give you $40,000 for it. :)

Title: Re: Housing Remains Unaffordable - Many Struggling.
Post by ian on Feb 21^st, 2013 at 11:16pm

Carl D wrote on Feb 21^st, 2013 at 10:47pm:

Quote:

One of my houses is up for sale soon, Its available if you want it.

I'll give you $40,000 for it. :)

Make that 4 a 6 add a zero and its yours. No one can accuse me of "hoarding" houses, Lol.