Housing affordability

[tech/a]

Paid Managers or owners of business?

 

[Wysiwyg]

Paid Managers or owners of business?

Both but you will want to keep the ones at the top of the tree alive.

 

[tech/a]

Your view is narrow.

Where your likely to unfortunately loose some
It's better than becoming obsolete and loosing ALL?

Same happens in down turns
Sometimes valued people who through no fault of their
Own become redundant for the sake of the survival of
The business and all of those employees left.

As a business owner who has been in exactly that position
If you told me I didn't care about all those who I had to make
Redundant you'd be doing it from a horizontal position.

 

[Smurf1976]

Morrison said inequality is getting better, the Reserve Bank governor says its getting worse. Now, I wonder who to believe ?

I've said plenty about engineers versus politicians in the energy thread but the same concept applies here.

Power, gas etc - engineers "get it" whilst the politicians are messing about trying to force their half baked square pegs into naturally round holes.

House prices, economy etc - RBA gets it whilst the politicians are messing about once again.

There's a common element here and it's those who actually know about a specific field being ignored and overridden by those who don't have a clue. Needless to say, there's not much chance of government fixing the mess and that applies regardless of which party is in power.

 

[Wysiwyg]

Your view is narrow.

Not a view, an experience. From a small business of 15 workers to businesses of thousands of employees, as technology rolls in, the worker numbers are reduced. Efficiency, cost saving, quantities, accountability are achieved with technology. Been going on from the first fire lit but is accelerating more than ever.

 

[tech/a]

Did you bother reading what's under your narrow and now un considered view.

 

[Smurf1976]

http://www.examiner.com.au/story/48...dream-a-million-dollars-now-its-nothing/?cs=7

At first everyone loved the boom but over time the number of losers relative to winners has steadily increased. With it now to the point that parents and even grandparents are starting to see it as a problem, from a purely political perspective it would seem that government can no longer afford to do something about house prices.

Broader economic issues aside, government simply can't afford politically to have a continued rise in house prices it seems as the number of losers continues to rise and the number of winners diminishes.

 

[Wysiwyg]

God there is some whingers in that article. Expectations and reality don't line up where they want to live.

 

[crackajack]

That is simply false. 200- 300k for a house is affordable on average wage. Again it is wanting something one can't afford. Take a back step and buy what one can afford.

lol where do you buy a house for 300K in a major city? Please tell me and I will jump right in.

 

[crackajack]

lol where do you buy a house for 300K in a major city? Please tell me and I will jump right in.

Anyway best option, rent houses in Australia live somewhere else lol ;-P

 

[tech/a]

There are house and land packages in Adelaide a little over $300 K

 

[Garpal Gumnut]

There are house and land packages in Adelaide a little over $300 K

Same in Townsville and Mackay.

Buy in gloom, sell in boom.

gg

 

[SirRumpole]

Same in Townsville and Mackay.

Buy in gloom, sell in boom.

gg

I guess there is a reason prices are low in regional areas; no demand. Few jobs there so people don't move. What comes first, the jobs or the new settlers ?

I believe Townsville is in the grip of a water shortage, so that's another barrier to new settlement.

 

[Wysiwyg]

Same in Townsville and Mackay.

Buy in gloom, sell in boom.

gg

Could be increased interest in that area as the Adani $22 billion gets around.

 

[SirRumpole]

Could be increased interest in that area as the Adani $22 billion gets around.

If it ever does.

 

[moXJO]

Its a market cycle. Sooner or later it will bust. Property just turns slower on the clock, which is exactly how you want it.
If it crashed like stocks the country would be ruined.

 

[crackajack]

Its a market cycle. Sooner or later it will bust. Property just turns slower on the clock, which is exactly how you want it.
If it crashed like stocks the country would be ruined.

Maybe the country going there, just no one knows it YET lol

 

[moXJO]

Maybe the country going there, just no one knows it YET lol

Property has massive lag time. I'm talking years. It looks like nothing is happening, but in fact it is. Just very slowly.

Imo if immigration measures and buying rules are in place like they say, we will get a price slump.
I want it gradually. If it happens to fast it will shock the system.
People forget all the hardship and suicides back in the late 80's and early 90's.
If it crashes too hard no one will be buying. The economy would be up the creek.

 

[Tisme]

If it wasn't for the risk of being run over by a crazed religious nut :

 

[SirRumpole]

If it wasn't for the risk of being run over by a crazed religious nut :

There's obviously a catch, otherwise the Chinese would have bought them all years ago.