It forces speculation, witness Zimbabwe's stock market against its trashed economy. An extreme example but the mechanism is the same. Dividend payers with pricing power will be highly sort after.
Cash will erode exponentially!
You must move in affluent circles. I don't believe that is typical.It is certainly the norm among the people that I know to own at least one IP, by far the minority own just their PPOR.
Thank you. I appreciate the response.take it... leave it.
With this, however, you're obviously correct. The only redeeming feature is that the boomers have on the whole looked after their health pretty well, so hopefully this might offset some of the inevitable disease processes.As and aside the boomers are also a challenge to our medical system.... not only do they represent a good % of the talent and are looking to retire, they are also becoming an increasingly larger part of the demand as age takes it toll. We are going to import more doctors and nurses! We have to! If you have had a look around nursing homes recently you will have noticed a majority immigrant staff, at least at everyone I visit..... less and less this year, they are all dying! Its an epidemic!
Thank you. I'll largely leave it because you seem to be taking anecdotal situations from your own observations and asserting these constitute facts on a more general basis.
The Biggest Housing Bubble in the World Is in ... Canada?
http://www.theatlantic.com/business/archive/2013/01/the-biggest-housing-bubble-in-the-world-is-in-canada/272499/?google_editors_picks=true
The only redeeming feature is that the boomers have on the whole looked after their health pretty well, so hopefully this might offset some of the inevitable disease processes.
Of course you do.That I think is questionable...
That I think is questionable...
Here is another reason why I think baby boomers will start divesting themselves of their IPs. If they still have them negatively geared and they stop earning then the negative gearing no longer applies and IPs just become an expense for them so naturally they will want to offload them, especially if they don't forsee any decent capital gain in the short term future.
Of course you do.
More to the point. They'll stop going up 10% a year on year and the baby boomers won't like it because for once, they'll actually have to WORK for something. Rather than having it handed to them.
Wow
Bit of anger there.
I employ some of you guys
I'd back a baby boomer on efficiency/punctuality/reliability/
Work ethic/willingness to go the extra mile and longevity in a position
Over those younger.
I have 4 who have taken long service and 2 close to their second lot.
Biggest turn over of staff are in the 20-24 age group who are either
Suffering from delusions of grandure which the other staff pick as quick
As look at you---or they want everyone else to make them look good.
The rest of the guys 20 - 50 pick that quick smart as well.
We pull our weight!
By the way
To afford the chance to take up opportunity banks need collateral
And serviceability. Neither comes from sitting on your arsse.
Wow
Bit of anger there.
I employ some of you guys
I'd back a baby boomer on efficiency/punctuality/reliability/
Work ethic/willingness to go the extra mile and longevity in a position
Over those younger.
I have 4 who have taken long service and 2 close to their second lot.
Biggest turn over of staff are in the 20-24 age group who are either
Suffering from delusions of grandure which the other staff pick as quick
As look at you---or they want everyone else to make them look good.
The rest of the guys 20 - 50 pick that quick smart as well.
We pull our weight!
By the way
To afford the chance to take up opportunity banks need collateral
And serviceability. Neither comes from sitting on your arsse.
erm. people leave when you pay them a lot less than they can get elsewhere.
Employers will just want you to work for nothing forever and it is worse if you are seen as a "youngster" because that means you do not deserve to get paid for the work you do.
I found this in my travels...
The orange square covers the boomers...
They are the wealthiest generation in terms of assets held period, I have never seen a stat that says otherwise! Although I believe a greater % of the older generations own homes they are smaller generations BUT the same argument applies them and they are far more likely to divest than invest going forward, that much I would think is self evident.
I really can't see the logic in being on the same side of the boat as boomers when it is obvious that as a group they will need to raise funds going into retirement. I really looks to be a no brainer, ignoring demographic turning points like this and the lessons of other similar markets globally seems to me to be foolishly optimistic!
I'd concede that we have some mitigating circumstances so I expect an easier time of it but...
ZZZZ your not thinking are you!
(1) Under 40 people haven't accumulated a great deal of Collateral and they are working toward the Accumulation of Investment and hence wealth phase which the baby boomers are now in---the younger they are the longer the road.
(2) Those over 60 have retired and those 70-80+ have been retired for years.
They dont have the same (In General terms) required cashflow to accumulate wealth.
When they did accumulate their wealth (Take my own Father now 90) At the time of retirement the average wage was 10-14K a year. Now its $65K so they dont have the clout and never will of those who are younger.
The SAME will happen in years to come when those in their 20s reach retirement and are compared with the holdings of the baby boomers. The average wage in 30 yrs time is likely to be $250K + a year.
Makes the $1.2 million used as a bench for retirement these days look sick!
Err My people leave when they are told to leave.
My staff sort out the shirkers not me.
I have site supervisors who are 26 on $35/hr (46 hr week av) With a car and Fuel Card. They dont leave nor are they poached!
They are often called because they are damned good.
How did they get there?
They put in the hard yards on $18/hr for a few years and impressed their PEERS.
They adopted the qualities of stability and knowledge.
They didn't hop job to job looking for $$$$s
They bought enthusiasm,organisation and leadership commitment and respect to the table.
This is valuable to any employer. So when the Wannabe's roll up demanding top $$ my boys
and girls who are on top dollar sort out the chaff.
They demand equality and bludger's wont be tolerated.
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