Friends, about the housing discussion here where y'all are saying it will drop 27%

It won't.

It will drop 50% and such.

Why?

Because them young folks aint going to buy them.

Why?

Because they aint worth nothing friends, thats why. They is poorly built, have bad traffics and such, poor transits, and yer neighbours will be loud music bogans and skateboard kids in a location thats miles away from anywhere with real services and such. Them houses aint worth nothing. And the land? Well friends, look at our fine country - it's like ice for eskimoes.

Here's why friends.

Why yer house aint worth nothing.

And the future of our economies friends, well friends, my heart is heavy, especially with them foreign car makers and refineries and such leaving. And them QANTAS jobs which are over 5000 as explained here friends

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

Friends, it also makes Billy J Jack sad, but them young folks are leaving our fine country.

Why?

Because they aint going to sign up for a 42 Years a Wage Slave Mortgage just to buy them ghetto ass shacks of sticks and bricks at the ass end of some ghetto suburb, and they dont want to rent and be at the mercy of Bogans who Think They'll Become Donald Trump Millionaires Through Housing.

So them folks are gittin their fancy degrees and such and flying away. Because them housing and population ponzis are the only games in town friends, and it makes me sad.

That aint right friend. It aint right!

They now need 100 year mortgages to make them affordable.

The economic landscape is racing past and people are falling by the wayside as the world rushes by. The gravy train's wheels are falling off and the feigned wealth of Australia is just a facade which will be knocked over by the first tempest.

A fundamental of Australia is that markets are small and distances great. Shipping has a cost advantage over land transport which is why many goods are now imported.

The internet is now allowing foreigners to compete for the services market in Australia which might strangle that employment avenue. Some companies in Australia are already using overseas services providers.

The A$ is set to rise higher which will aggravate the current competitiveness malaise.

There is plenty of land and tents are still affordable. I am off to the Billabong to catch me a jolly jumbuck for my tucker bag.

Shoot through Blue. Hit the road Jack and dontcha come back no more no more no more.

Friend, the thread is about house prices.

Y'all are confusing house prices with "wealth".

Y'all obviously do not understand wealth, despite yer musings on our dollar, which again, aint about wealth at all.

Wealth is about having clean foods, waters and airs friend. It's about being able to be born without the risks of having yer life terminated in the wombs and such because y'all are a girl. It's about being part of a community that don't think certain people are special over others, much like y'all seem to demonstrate here with yer superior airs and such, and yer anti-White pro-Yeller superiorities and such.

Friend, I'll give y'all a free pass because we all know what happened to y'all during yer youth. Being dropped on yer head aint pleasant, even if yer have a thick skull.

But friend, please direct yer attention to the topic of this thread, which is about them house prices, and if y'all cannot do that, then direct yer love and attention to improving the plight of these fine folks.

And friend, Yer Most Welcome.

you are an idiot. 

Billy Jack wrote on May 1^st, 2014 at 4:48pm:

They is poorly built, have bad traffics and such, poor transits, and yer neighbours will be loud music bogans and skateboard kids in a location thats miles away from anywhere with real services and such. Them houses aint worth nothing. And the land? Well friends, look at our fine country - it's like ice for eskimoes.

Strange.  I live in a quiet street, with buses to Hornsby, Parramatta and the City just around the corner.  The quality of design, workmanship and the inclusions in our house is pretty high.  The only family that plays loud music around here is two streets away (and it's not that loud that we can hear it in our house) and there is a major centre about ten or fifteen minutes walk away.

I can only assume that you must be talking about Brisbane.  It must be a depressing place.

longweekend58 wrote on May 2^nd, 2014 at 9:24am:

you are an idiot.

Don't you mean "Y'all are an idiot."  ;)
Let him go, he has an interesting writing style. :)


Billy Jack wrote on May 1^st, 2014 at 4:48pm:

Friends, about the housing discussion here where y'all are saying it will drop 27% It won't. It will drop 50% and such. Why? Because them young folks aint going to buy them. Why? Because they aint worth nothing friends, thats why. They is poorly built, have bad traffics and such, poor transits, and yer neighbours will be loud music bogans and skateboard kids in a location thats miles away from anywhere with real services and such. Them houses aint worth nothing. And the land? Well friends, look at our fine country - it's like ice for eskimoes.

BJ, they won't drop 50% because them young folks ain't goin' to sell 'em at that there price, not if they still have to keep paying the excess mortgage on 'em.

sherri wrote on May 2^nd, 2014 at 9:50am:

longweekend58 wrote on May 2nd, 2014 at 9:24am: you are an idiot.  Don't you mean "Y'all are an idiot."  ;) Let him go, he has an interesting writing style. :) Billy Jack wrote on May 1st, 2014 at 4:48pm: Friends, about the housing discussion here where y'all are saying it will drop 27% It won't. It will drop 50% and such. Why? Because them young folks aint going to buy them. Why? Because they aint worth nothing friends, thats why. They is poorly built, have bad traffics and such, poor transits, and yer neighbours will be loud music bogans and skateboard kids in a location thats miles away from anywhere with real services and such. Them houses aint worth nothing. And the land? Well friends, look at our fine country - it's like ice for eskimoes. BJ, they won't drop 50% because them young folks ain't goin' to sell 'em at that there price, not if they still have to keep paying the excess mortgage on 'em.

nicely said.  but he is still a one-touthed bogan idiot.

Billy Jack wrote on May 2^nd, 2014 at 7:00am:

Friend, the thread is about house prices. Y'all are confusing house prices with "wealth". Y'all obviously do not understand wealth, despite yer musings on our dollar, which again, aint about wealth at all. Wealth is about having clean foods, waters and airs friend. It's about being able to be born without the risks of having yer life terminated in the wombs and such because y'all are a girl. It's about being part of a community that don't think certain people are special over others, much like y'all seem to demonstrate here with yer superior airs and such, and yer anti-White pro-Yeller superiorities and such. Friend, I'll give y'all a free pass because we all know what happened to y'all during yer youth. Being dropped on yer head aint pleasant, even if yer have a thick skull. But friend, please direct yer attention to the topic of this thread, which is about them house prices, and if y'all cannot do that, then direct yer love and attention to improving the plight of these fine folks. And friend, Yer Most Welcome.

You are right

Property creates debt not wealth as some people on this forum foolishly believe. If property created wealth then Detroit would not be a basket case and there would be no need for productive industries such as manufacturing.

The proof is in the debt clock. Note that property debt clock always increases. It only ever creates debt no matter how many spivs profit from flogging off their investment properties.  Their profit is someone elses bank debt !!

http://www.australiandebtclock.com.au/

---

Let's discuss something about 'debt'.

From my own life's experiences, I had learnt, that there was no way, with just working normal hours, with a normal wage, that I could ever afford to 'save' enough money over x amount of years, for a house back in the 1970's that was then valued at approx $30,000 (based on a 3 bedroom brick veneer home on a 1/4 acre or 1/3 acre).

The only way, and I mean the only way we could get ahead, was to borrow money, and buy it, that secured it for us.
It was better to work on a budget or our pay checks, and living expenses, and not living beyond our means, and pay back the loan, as this was better in the long run, rather than, wait, and wait, and save and save and hope to get it at a price we can just pay for it outright, with our meagre savings, whilst the cost of living also rises. And wait and wait, and save as much as we can, waiting for the price of housing to fall, but it doesn't, what was once $30,000 in the mid 1970's is now about $380,000.

So we would have to live with our parents to be able to do that, work and save, and maybe buy a place outright?

Doesn't happen like that.

If you want a car, you need a car to get to work, the car places offer immediate finance (albeit at a higher interest rate)...but still, if you need a car, and haven't saved anything, then how else do you get a car?
And why wait for a holiday?
We took $5000 against our home loan to go on our 1st cruise holiday back in 2009, and if we didn't do that then, we would never have enjoyed the delights of a cruise.
Why wait until we are 70 or 80 to do that?
So in the meantime, we paid that $5,000 back.

So yes, in order to get ahead, you have to sometimes get a debt. So it's not that bad, the word "debt".
Can have positives to it also.

Sophia wrote on May 2^nd, 2014 at 9:27pm:

So yes, in order to get ahead, you have to sometimes get a debt. So it's not that bad, the word "debt". Can have positives to it also.

Of course if people actually worked up debt and actually paid it off it would be dandy but most people don't, they just keep spending on their credit cards, keeping paying the interest off their homes and refinancing.

As far as government debt goes the problem is the reasons for going into debt, they didn't do massive investments to go into debt, they had to spend to avoid the ills of the GFC, however since then we were supposed to be recovering not having a youth unemployment problem, an aged pension problem where our Welfare expenditure is rising whilst our individual tax income is falling to the point where it won't even cover welfare, let along health and everything else. (currently it's around 78% of our individual tax income, combined with Health it goes to 115% and is only kept in check by other revenue streams)

Another problem with government debt is if the economy doesn't grow whilst in debt it makes it harder to actually pay it off and we risk contraction, inflation, unemployment and if the GFC comes back around we won't have that surplus to spend to keep us afloat, whilst the EU and US will not be able to lower interest rates as they're pretty much 0% now!

Also there's the potential issue of malinvestment where investments were made that are unsustainable in the long term especially if interest rates rise meaning pretty much "fake growth" where it's not really fake but rather unsustainable if something happens in the next 10 years.

Government debt is a very dangerous game especially when the liability for it falls onto subsequent generations meaning we are potentially selling out children and grand children into debt slavery, forcing them to pay for us while trying to get ahead and that's a recipe for disaster.

PS. Something like 70-90% of home loans in Australia are variable rates, I'm not sure of the fine print on those contracts but I doubt people will be able to pay their loans if Interest rates go from 2.5% to 5%/10%/15%, we may have a big housing bubble on our hands

Vuk11 wrote on May 2^nd, 2014 at 11:10pm:

Of course if people actually worked up debt and actually paid it off it would be dandy but most people don't, they just keep spending on their credit cards, keeping paying the interest off their homes and refinancing.

No, thats quite incorrect. While a certain  amount of people do live like this the majority dont. The average australian is actually 2 years ahead in mortgage payments and pays off their credit card monthly.

ian wrote on May 2^nd, 2014 at 11:13pm:

Vuk11 wrote on May 2nd, 2014 at 11:10pm: Of course if people actually worked up debt and actually paid it off it would be dandy but most people don't, they just keep spending on their credit cards, keeping paying the interest off their homes and refinancing. No, thats quite incorrect. While a certain  amount of people do live like this the majority dont. The average australian is actually 2 years ahead in mortgage payments and pays off their credit card monthly.

The finance reported the other night, showed that personal debt was down by 9%.
So people are actually learning about money (and credit card) management.
I have to say, I notice a decline in shoppers in any shopping centre now, and if you look, the place seems so quiet, and the shoppers that are there, are mainly in the dining area, and if you look, they don't have much shopping bags they are carting around.

As for our government debt, you can thank the Labour government for that. The Liberals (John Howard years) were so tough on us, cutting back on so many services, and even closing down smaller regional schools etc and selling off the land, to get us debt free, and we were.

Damned all for nothing wasn't it?

Where are the sensible people to manage money in government now?
Where are the savvy business people that can teach some of these politicians a thing or two about better management deals?

The thing about debt is the ability to service it - in terms of our personal finances, we do that out of income we generate via work etc.

In the case of government, which finds some amazing need to borrow massive amounts of money for its pet aims, the ONLY way of recouping money - i.e. 'earning it' to service that debt is through taxation = through us who work to pay off our debts.

Basically governments here have been borrowing too much with too little collateral, and it is thus we who are forced to pay the price for debt we have not incurred.

There are better ways - and government has adequate income from taxation (I've outlined before the cycle of taxation) to NOT incur massive debt - yet it does.

That speaks to me of mis-management - about on a par with most businesses - which , without all the comfy shelters etc, simply cannot survive.

You've seen that in the past year with certain industries.... for which disasters who takes the debts and the responsibility?

You guessed it - the working public who, in good faith, negotiated and accepted pay rises given to them through negotiation with that management and the government, or through the government's own body that determines wage rises.

Now the same working public are copping it for the government not having enough income to cover its debts.

Sophia wrote on May 2^nd, 2014 at 11:32pm:

ian wrote on May 2nd, 2014 at 11:13pm: Vuk11 wrote on May 2nd, 2014 at 11:10pm: Of course if people actually worked up debt and actually paid it off it would be dandy but most people don't, they just keep spending on their credit cards, keeping paying the interest off their homes and refinancing. No, thats quite incorrect. While a certain  amount of people do live like this the majority dont. The average australian is actually 2 years ahead in mortgage payments and pays off their credit card monthly. The finance reported the other night, showed that personal debt was down by 9%. So people are actually learning about money (and credit card) management.

yes, I agree with this.

Sophia wrote on May 2^nd, 2014 at 11:32pm:

I notice a decline in shoppers in any shopping centre now, and if you look, the place seems so quiet, and the shoppers that are there, are mainly in the dining area, and if you look, they don't have much shopping bags they are carting around.

I have seen other people say this, so maybe it is true of other centres but I was at my local shopping centre yesterday morning and I was lucky to find a parking space - and that's not unusual.  The place is often so crowded that, unless I have to get some things that are heavy or bulky, I'll quite often walk there instead.  Yes, the eating area is busy, but so are the shops and the cinemas - and David Jones is often busier than Myer...

Frances wrote on May 3^rd, 2014 at 7:47am:

Sophia wrote on May 2nd, 2014 at 11:32pm: I notice a decline in shoppers in any shopping centre now, and if you look, the place seems so quiet, and the shoppers that are there, are mainly in the dining area, and if you look, they don't have much shopping bags they are carting around. I have seen other people say this, so maybe it is true of other centres but I was at my local shopping centre yesterday morning and I was lucky to find a parking space - and that's not unusual.  The place is often so crowded that, unless I have to get some things that are heavy or bulky, I'll quite often walk there instead.  Yes, the eating area is busy, but so are the shops and the cinemas - and David Jones is often busier than Myer...

That's just the weird thing, the car parks are full and I too have to search for a car park, and then, when I go in, they are all cluttered in the cafes, or supermarkets ( including Aldi), the bank, and the chemist. And a long line at Donut King or Wendys.

But, if there is a special on in any store, there is a clutter there too.

The jewellery stores seem busy also, especially for them Pandora things, which reminds me, I got one of them Pandora Bracelets from my kids for my big birthday bash, and now I want something to add onto it, for mother's day  :)
Oh and the pet stores, people gawking at the cute little pets in them pet stores, and quite a wait at the Medicare centre too.

Most other stores are just void of people, looking very empty of any activity.

Another place popular, is Swarovski stores. Pricey, but oh so beautiful stuff.

Another good place, is them tea shops (T2) where you can sample hot or cold teas  :)

Sophia wrote on May 2^nd, 2014 at 9:27pm:

Let's discuss something about 'debt'. From my own life's experiences, I had learnt, that there was no way, with just working normal hours, with a normal wage, that I could ever afford to 'save' enough money over x amount of years, for a house back in the 1970's that was then valued at approx $30,000 (based on a 3 bedroom brick veneer home on a 1/4 acre or 1/3 acre). The only way, and I mean the only way we could get ahead, was to borrow money, and buy it, that secured it for us. It was better to work on a budget or our pay checks, and living expenses, and not living beyond our means, and pay back the loan, as this was better in the long run, rather than, wait, and wait, and save and save and hope to get it at a price we can just pay for it outright, with our meagre savings, whilst the cost of living also rises. And wait and wait, and save as much as we can, waiting for the price of housing to fall, but it doesn't, what was once $30,000 in the mid 1970's is now about $380,000. So we would have to live with our parents to be able to do that, work and save, and maybe buy a place outright? Doesn't happen like that. If you want a car, you need a car to get to work, the car places offer immediate finance (albeit at a higher interest rate)...but still, if you need a car, and haven't saved anything, then how else do you get a car? And why wait for a holiday? We took $5000 against our home loan to go on our 1st cruise holiday back in 2009, and if we didn't do that then, we would never have enjoyed the delights of a cruise. Why wait until we are 70 or 80 to do that? So in the meantime, we paid that $5,000 back. So yes, in order to get ahead, you have to sometimes get a debt. So it's not that bad, the word "debt". Can have positives to it also.

Yes sure in those days you had to have a healthy 30% deposit to buy a house and there were plenty of manufacturers and value added industries creating real wealth to help people pay off their debts. But where have all of the productive industries gone ?

I just don't see an economy which is productive. It is an economy being fueled by debt and not real growth and that spells trouble.

You can sell as many over priced houses to each other until the cows come home but it won't create one extra cent of wealth. Sure it's great for banks and people who profit from getting other people into more debt but it will create further problems down the roads as people struggle to generate enough income to afford their current standard of living.

you really need another string on your guitar.  there is only ever one note for you -housing.  everything is about housing to you.  time to move on and develop and interest and understanding of a few more things.

longweekend58 wrote on May 3^rd, 2014 at 12:21pm:

you really need another string on your guitar.  there is only ever one note for you -housing.  everything is about housing to you.  time to move on and develop and interest and understanding of a few more things.

don't worry. I've got a twelve string guitar unlike your one string ukelele.

like most libbos you've got no interests except how to hatch up new plans to screw the majority using monopolies masquerading as competitive businesses.

And did you hear the latest about the whining electricity suppliers ? They are complaining about having to compete with joe average and his solar panels. Screwing them at 6 cents a kWh they still can't compete :D LOL

Sophia wrote on May 3^rd, 2014 at 12:05pm:

That's just the weird thing, the car parks are full and I too have to search for a car park

I went this morning, but I decided to walk there instead, as it was after 11am.  Turned out it was a good decision - there were cars queueing up to get into the car park....


Sophia wrote on May 3^rd, 2014 at 12:05pm:

when I go in, they are all cluttered in the cafes, or supermarkets ( including Aldi), the bank, and the chemist

The cafes were pretty busy and Coles was so crowded I went across the road to the old shopping centre to get what I wanted from the IGA.  I didn't go into Aldi, any bank or chemist, so I don't know what they were like.


Sophia wrote on May 3^rd, 2014 at 12:05pm:

And a long line at Donut King or Wendys.

Sorry, but I try to keep my distance from those two...


Sophia wrote on May 3^rd, 2014 at 12:05pm:

But, if there is a special on in any store, there is a clutter there too.

Yes.


Sophia wrote on May 3^rd, 2014 at 12:05pm:

The jewellery stores seem busy also, especially for them Pandora things

Not surprising though at this time of year....


Sophia wrote on May 3^rd, 2014 at 12:05pm:

people gawking at the cute little pets in them pet stores

I did stop to look at a black and white Cavalier (although I think it was one quarter poodle - I'm nit certain because I forgot to bring my glasses and I couldn't read the tag on the window properly).


Sophia wrote on May 3^rd, 2014 at 12:05pm:

quite a wait at the Medicare centre too.

I'm not sure if that's an accurate guide to the current economic situation.


Sophia wrote on May 3^rd, 2014 at 12:05pm:

Most other stores are just void of people, looking very empty of any activity.

There were some stores that were a bit quiet, but I don't think there were any that were completely empty.


Sophia wrote on May 3^rd, 2014 at 12:05pm:

Another place popular, is Swarovski stores. Pricey, but oh so beautiful stuff.

Beautiful?  I don't know about that.  I find it rather kitschy.


Sophia wrote on May 3^rd, 2014 at 12:05pm:

Another good place, is them tea shops (T2) where you can sample hot or cold teas

Good idea to try them - some of the combinations are very nice but are not something you would think of yourself.  I was in Hornsby a few weeks ago and walked into the T2 shop and tried a mix of Turkish Cherry and Vanilla Slice teas.  We had friends over for dinner tonight and I mixed up a couple of jugs of it and it went down very well......

Sir lastnail wrote on May 3^rd, 2014 at 2:36pm:

longweekend58 wrote on May 3rd, 2014 at 12:21pm: you really need another string on your guitar.  there is only ever one note for you -housing.  everything is about housing to you.  time to move on and develop and interest and understanding of a few more things. don't worry. I've got a twelve string guitar unlike your one string ukelele. like most libbos you've got no interests except how to hatch up new plans to screw the majority using monopolies masquerading as competitive businesses. And did you hear the latest about the whining electricity suppliers ? They are complaining about having to compete with joe average and his solar panels. Screwing them at 6 cents a kWh they still can't compete :D LOL

The libbos could always kill people installing pink bats in roofs or employ Kevin Rudd to spend 100 Million a day just for posterity and to make the lefties feel right at home. They could even stage 2 prime minister knifing's to gain credibility :D :D

Mattywisk wrote on May 4^th, 2014 at 12:49am:

The libbos could always kill people installing pink bats in roofs

That would make a change from installing pink batts I suppose.


Mattywisk wrote on May 4^th, 2014 at 12:49am:

They could even stage 2 prime minister knifing's to gain credibility

There's still time for that to happen.....

Frances wrote on May 4^th, 2014 at 12:55am:

Mattywisk wrote on May 4th, 2014 at 12:49am: The libbos could always kill people installing pink bats in roofs That would make a change from installing pink batts I suppose. Mattywisk wrote on May 4th, 2014 at 12:49am: They could even stage 2 prime minister knifing's to gain credibility There's still time for that to happen.....

No doubt there is, the Labor party gets another turn every once and a while to make fools of themselves with such nonsense with the Greens in tow..

Mattywisk wrote on May 4^th, 2014 at 12:49am:

Sir lastnail wrote on May 3rd, 2014 at 2:36pm: longweekend58 wrote on May 3rd, 2014 at 12:21pm: you really need another string on your guitar.  there is only ever one note for you -housing.  everything is about housing to you.  time to move on and develop and interest and understanding of a few more things. don't worry. I've got a twelve string guitar unlike your one string ukelele. like most libbos you've got no interests except how to hatch up new plans to screw the majority using monopolies masquerading as competitive businesses. And did you hear the latest about the whining electricity suppliers ? They are complaining about having to compete with joe average and his solar panels. Screwing them at 6 cents a kWh they still can't compete :D LOL The libbos could always kill people installing pink bats in roofs or employ Kevin Rudd to spend 100 Million a day just for posterity and to make the lefties feel right at home. They could even stage 2 prime minister knifing's to gain credibility :D :D

don't worry the libbos helped kill a lot more trying to find the weapons of mass disappearance in Iraq. Have you found them yet or are you still looking for them ? Oh no !! lets blame it on faulty intelligence and then wash our hands of it all :D LOL

Mattywisk wrote on May 4^th, 2014 at 12:49am:

The libbos could always kill people installing pink bats in roofs or employ Kevin Rudd to spend 100 Million a day just for posterity and to make the lefties feel right at home. They could even stage 2 prime minister knifing's to gain credibility :D :D

Damn - does that mean we won't be treated to a Caesar-esque spectacle with Tony copping it from Joe Brutus and Cassius Turnbull?  I enjoy my live theatre..... and those darned Libs are going to spoil it all by playing 'Party Solidarity' instead of  'Surgery On Demand' at the Australian Theatre........

You are an infant in politics - Julia was a deliberate ploy from Labor to install the 'first woman prime minister' - and thus was a token woman of the first water, and was paid handsomely for the job.

It was always the plan that Big Kev would make a comeback from the floor, and sweep the electorate off their feet by doing a Bob Hawke and 'taking charge again in a crisis situation'.....

Didn't work... lots of reasons why, but it didn't work...

Grappler Racist Filth wrote on May 4^th, 2014 at 12:04pm:

Damn - does that mean we won't be treated to a Caesar-esque spectacle with Tony copping it from Joe Brutus and Cassius Turnbull?  I enjoy my live theatre..... and those darned Libs are going to spoil it all by playing 'Party Solidarity' instead of  'Surgery On Demand' at the Australian Theatre........

Maybe you'll have to watch the NSW Liberals instead....