House prices to keep falling for years

[chops_a_must]

Me and my mates moved out and supported ourselves at 16, some of us even got married.

But, Its different now

It certainly is.

You can't get married at 16 for one.

 

[Lancelot]

I'd say a whole heap.

Many have been walking out straight into big salaries, and big mortgages or big rents after graduation.

.

Times are changing again just like in the 90's

Now they'll become taxi drivers and checkout chicks

 

[prawn_86]

None of us stayed at home sponging allowing bucketloads of disposable income for continual holidays and pissups, while parents supported us, purchased food, paid the bills, and cleaned up our mess

When you put it like that it makes me wish i still lived at home!

Really its the parents fault, why would you move out in that situation. The parents obviously dont care, or dont have the balls to kick their kids out, so no-one to blame but themselves. Each to their own, etc etc

 

[numbercruncher]

Originally Posted by Lancelot
None of us stayed at home sponging allowing bucketloads of disposable income for continual holidays and pissups, while parents supported us, purchased food, paid the bills, and cleaned up our mess

Damn im moving home too ....

So this is the norm huh ?

And I guess its also the only reason your property investments arnt going to the moon ?

 

[Lancelot]

Damn im moving home too ....

So this is the norm huh ?

And I guess its also the only reason your property investments arnt going to the moon ?

latest figures in my areas havent shown this yet, nothing like it

 

[sinner]

Ah yes, things are so different now compared to back in the good old days...

"I see no hope for the future of our people if they are dependent on
frivolous youth of today, for certainly all youth are reckless beyond
words... When I was young, we were taught to be discreet and
respectful of elders, but the present youth are exceedingly wise
[disrespectful] and impatient of restraint" (Hesiod, 8th century BC).

"What is happening to our young people? They disrespect their elders, they disobey their parents. They ignore the law. They riot in the streets inflamed with wild notions. Their morals are decaying. What is to become of them?"

Old people been spouting the same crap for millenia.

 

[Glen48]

Now when you are 50ish and got a divorce paying CSA you move back with your parents its called progress.

 

[Lancelot]

Ah yes, things are so different now compared to back in the good old days...

"I see no hope for the future of our people if they are dependent on
frivolous youth of today, for certainly all youth are reckless beyond
words... When I was young, we were taught to be discreet and
respectful of elders, but the present youth are exceedingly wise
[disrespectful] and impatient of restraint" (Hesiod, 8th century BC).

"What is happening to our young people? They disrespect their elders, they disobey their parents. They ignore the law. They riot in the streets inflamed with wild notions. Their morals are decaying. What is to become of them?"

Old people been spouting the same crap for millenia.

Might have been a bit less violence involved with that disrespect in the past

What do you think?

 

[chops_a_must]

Might have been a bit less violence involved with that disrespect in the past

What do you think?

Caesar wants a word.


Seriously... where do these people blow in from? Christ almighty!

 

[theasxgorilla]

But, Its different now

Yep, it's better now. And soon enough the youngens will be in charge doing it their way which means it will get even better again. So long dinosaurs.

 

[Lancelot]

Seriously... where do these people blow in from? Christ almighty!

The same place you would have blown in from 3700+ posts ago

 

[Lancelot]

Yep, it's better now. And soon enough the youngens will be in charge doing it their way which means it will get even better again. So long dinosaurs.

Mid 30's, is that a dinosaur now?

 

[chops_a_must]

Geez... old people these days.

Back in my day they weren't in their mid 30s.

 

[Lancelot]

Geez... old people these days.

Back in my day they weren't in their mid 30s.

They were when I was 5

 

[chops_a_must]

Mmm... Mugabe... must have been all those young people who drove him to where he is today...

 

[numbercruncher]

Seems the Government has you property speculators in their crosshairs ....

Cheaper housing target of radical tax overhaul
Jacob Saulwick
December 11, 2008

THE Rudd Government's tax review will home in on housing affordability, the Treasury Secretary has said, suggesting it could prompt cuts in stamp duties, and will examine changes to negative gearing concessions for investment properties.

Ken Henry yesterday stoked expectations that his review will prompt the most far-reaching overhaul of the tax system in decades.

Releasing a consultation paper on the review's progress, Dr Henry reiterated his aim of getting rid of personal tax returns; suggested harnessing the tax system in support of the environment, education and training; and said he was looking at ways to cut taxes on savings

http://www.smh.com.au/news/national/cheape...ge#contentSwap1

 

[So_Cynical]

One of the 6 guys that got sacked at work today was telling me how he
will prob have to sell up and move back to the country, and live with his
parents or in laws...he's a young guy with a wife and small child of 2 and
a mortgage the same age.

I told him it was prob a bad time to sell (Western Sydney) and he just looked
at me blankly and shrugged...like no choice....interest rates and FHB crap is
irrelevant if u haven't got a job.

 

[numbercruncher]

One of the 6 guys that got sacked at work today was telling me how he
will prob have to sell up and move back to the country, and live with his
parents or in laws...he's a young guy with a wife and small child of 2 and
a mortgage the same age.

I told him it was prob a bad time to sell (Western Sydney) and he just looked
at me blankly and shrugged...like no choice....interest rates and FHB crap is
irrelevant if u haven't got a job.

In the good old days of the very start of this century - you could just scrape by on the dole and pay the mortgage while looking for a new job , not these days, straight down the gurgler for most ....

Its a phenomenal amount of people that live hand to mouth ..... only 20pc of Australians have 20k of savings or more ....

 

[Beej]

Its a phenomenal amount of people that live hand to mouth ..... only 20pc of Australians have 20k of savings or more ....

Bogus stat - what about their superannuation savings??

Beej

 

[troppojoe]

Ummmm, let's try the other way around. Property prices fall, they have negative equity so why would they sell? They wouldn't, they will stay put creating a reduction in supply and prices start to go up again as demand goes up.

And this hot off the press, the number of homeloands ROSE 1.3% in October. That can't be right isn't there massive supply and no one buying? Changed my glasses, yep it's right number of homeloands ROSE 1.3% in October.

HERE

No mention of NEW homeloans, the increase could be for people refinancing, cutting their losses on fixed rate and moving into the lower variable loans.
JIMOO