chops_a_must
Printing My Own Money
- Joined
- 1 November 2006
- Posts
- 4,636
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- 3
Really?Buster said:
Maybe you are getting senile in your old age?Buster said:
Really?Buster said:I don't think young people are anything just quietly
Maybe you are getting senile in your old age?Buster said:I'm not completely sure, but I'm tipping Nokia is making a general, sweeeeeeeping, statement.. and one that I agree with on the whole.
Never intended my post to be directed at you individually. My comments are general and result from reading a series of posts saying rents are too high, too low etc, and house prices are too high,renting is better than buying etc. The theme is usually" we want more for less" and this is on a forum where everyone wants to get rich quick through investing. It is a great feeling to give someone something for nothing but the feeling disappears if the someone expects to get it for nothing.chops_a_must said:Hey. I'm NOT complaining!
And you ARE NOT in the age bracket that I am using as an example. Clear?
Buster said:[On Topic] Anyone who thinks that rents are not too low obviously does not own an Investment property here in Perth.. $200 - 300 a week for a $500K property is NOT a good return.. IMHO anyway..
Cheers,
Buster
Stop_the_clock said:MODERATORS PLEASE CLOSE THIS THREAD DOWN!
Funny how you criticise others for wanting something for nothing yet does this not seem ironic when it comes to asking for more rent?nioka said:Never intended my post to be directed at you individually. My comments are general and result from reading a series of posts saying rents are too high, too low etc, and house prices are too high,renting is better than buying etc. The theme is usually" we want more for less" and this is on a forum where everyone wants to get rich quick through investing. It is a great feeling to give someone something for nothing but the feeling disappears if the someone expects to get it for nothing.
Only if a higher rent was not justified. A rental property like everything else material is usually priced at a level which is set by the laws of supply and demand. Ask too much and you don't get a sale. Ask too little and you don't have enough product. Why should it be any different to the price of shares. You often are seen to quote a share which is a good buy because the price will rise. Shares are some peoples investment, rental properties are others. Do I have a valid point or not?chops_a_must said:Funny how you criticise others for wanting something for nothing yet does this not seem ironic when it comes to asking for more rent?
The problem that I see, is a lot of people can't actually handle a rising in rents. Wages simply haven't risen at the same rate as the cost of living has.nioka said:Only if a higher rent was not justified.
Wysiwyg said:On the subject of rents...they are ALWAYS in line with what you want to pay.
Freeballinginawetsuit said:True, if youre not willing to pay the market rate, you can always pitch a tent or live in youre car.........and don't be naive enough to think that is not occuring.
Buster said:[On Topic] Anyone who thinks that rents are not too low obviously does not own an Investment property here in Perth.. $200 - 300 a week for a $500K property is NOT a good return.. IMHO anyway..
Cheers,
Buster
What is the trend in rents?
Why will rents outpace inflation (and wages)?
If they do why will this not put upward pressure on inflation and interest rates?
What is the current trend for inflation?
What is the current trend for interest rates?
What is the current trend for prices?
What happened after the last property boom?
Will this time be any different?
But a lot of people can. That is why many would be tennants are already bidding for properties and paying rent well above so called "market value".chops_a_must said:The problem that I see, is a lot of people can't actually handle a rising in rents. Wages simply haven't risen at the same rate as the cost of living has.
Wishful thinking, not reality. You don't have to like it, but reality will win.Until we see some large real wage growth, rent value against property value will probably remain low. It's not simply a matter of supply and demand but willingness to pay and affordability issues as well.
That argument only means that there will be serious consequences.And lets face it, the majority of renters are amongst the more disadvantaged in the community economically, so their ability to absorb rent increases without serious consequences somewhere else is severely limited.
moses said:But a lot of people can. That is why many would be tennants are already bidding for properties and paying rent well above so called "market value".
Indeed. The problem is in speculative booms people realize that too late.moses said:... reality will win.
LOL. New York city wages are waaaaaayyyyyyyyyyyy higher than Aussie wages and NY is one of the biggest cities in the world... not directly comparable in any way shape or form. Go upstate NY and you will see an entirely different story.moses said:Go to New York and see what people are paying to live in, and you may recalibrate just how far tenants can be pushed.
In that sense, yes, but I wasn't really trying to compare.wayneL said:LOL. New York city wages are waaaaaayyyyyyyyyyyy higher than Aussie wages and NY is one of the biggest cities in the world... not directly comparable in any way shape or form.
Yep. Overheard on the news tonight that workers will not come to Perth because rents are ridiculously high. No new skilled workers = top in economic growth.moses said:That argument only means that there will be serious consequences.
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