You guys have such a narrow view.
Most of the boomers are freeholding asset for passive income.
They won't sell---won't/don't want to sell.
They will have taught their siblings the power of passive income going forward as well.
When they cark it many of them won't sell either.
Your glut of housing won't eventuate.
The demographics in SA alone over the next 30 yrs is 52000 new homes in the South
And 158000 in he North.
The thing that will smash house pricing is world economies.
But if youown it it won really matter that much --- passive income
Deflation in the short term ---- next 10 years is un avoidable.
The un winding of world debt personal / institutional / government will
Leave a trail of destruction of the deflationary kind --- but after that!
The days of boom time are well and truly gone. To see similar growth you'll be looking at 600k-1 million dollar properties in the outer suburbs and as you have shown with the pay rates you give to your workers that is just not affordable by the average person and they yeild in that case could never justify the cost.
Even a 5% a year increase is still 25k a year on the average property, which means another 5k required on the deposit and I just can't see ordinary working people as able to make the down payment with that kind of growth.
House price are going to be either flat or down for a long time.
Are DINKS, delay in parenting and women in the workforce a consideration?
I haven't seen any figures or analysis on this but with women in the workforce for longer and less children this may drive up prices?
Maybe not..
Are DINKS, delay in parenting and women in the workforce a consideration?
I haven't seen any figures or analysis on this but with women in the workforce for longer and less children this may drive up prices?
Maybe not..
I'm just guessing that instead of spending a million on the chillins education DINKS put it on the apartment, townhouse, or holiday, etc. One less kid, is worth a million spare cash flow these days. Instead of buying out in the burbs they buy close to the action within 5km of the city and there's limited space. yada yada... Might just be a minority that that effects and no price mover. Maybe grasping at straws.Nah. IMO DINK women just have higher expectations. I see them at work all the time. OMG A BABY MUST BUY BRAND NEW HOLDEN COMMO WAGON AS WE NEED IT FOR KID !!
Spend $4.5 in morning for coffee. Home made lunches more expensive than a shop bought one. Over seas holidays as a right of passage into knowledge. Can't live in a share house must get over priced apartment.
But as you said DINKS have the money so why not. I just can't see many of them saving it to reduce mortgage costs. They go into a tonne of debt instead.
Always has been kennas. Even when my wife and I bought our house in Sydney we gave up the idea of having kids in order to get ahead and that was 25 years ago. Today it would be the same, no different I would think.
+1You guys have such a narrow view.
Most of the boomers are freeholding asset for passive income.
They won't sell---won't/don't want to sell.
They will have taught their siblings the power of passive income going forward as well.
When they cark it many of them won't sell either.
Your glut of housing won't eventuate.
The demographics in SA alone over the next 30 yrs is 52000 new homes in the South
And 158000 in he North.
The thing that will smash house pricing is world economies.
But if youown it it won really matter that much --- passive income
You responded to this as if I was personally insulted by you. Not so. I was just commenting on your saying how insulted you felt because some other poster didn't actually agree with you.You consider you have a monopoly on insults?
I replied:Have you priced a retirement home recently? We did the exercise a few years ago for a relative.... 300K bond and 60K a year!
This is just one example of my, politely, questioning one of your statements. A 'retirement home' would normally be considered a dwelling within a retirement village, certainly not a nursing home placement where a bond is required.Perhaps you could describe the retirement situation you are referring to. There are hundreds of high quality retirement villages where people can buy a property. either freehold or leasehold, and still receive whatever level of care they need, at prices between $250K and $1M+.
Again, because I'm a fully self funded retiree I'm interested in this and would like to have known the context of your claim here. I hardly think that's unreasonable. Your response was that it was from a comment by someone you know who made this assertion. Is that really a valid reference to such a definite assertion, stated as absolute fact? Not for me.. It is sobering to remember that under 1% of retirees make it fully self funded.
Oh please, spare me the pop psychology. You have made several assertions, most based on your opinion. That's fine. All opinions are welcome. No need to get aggressive when politely questioned as to the basis of those opinions.Nice retort, lead with a bit of passive aggression, step into a slur of arrogance, feign disinterest and exit stage right.
You guys have such a narrow view.
Most of the boomers are freeholding asset for passive income.
They won't sell---won't/don't want to sell.
They will have taught their siblings the power of passive income going forward as well.
When they cark it many of them won't sell either.
Your glut of housing won't eventuate.
The demographics in SA alone over the next 30 yrs is 52000 new homes in the South
And 158000 in he North.
The thing that will smash house pricing is world economies.
But if youown it it won really matter that much --- passive income
You've totally missed the pointi
In your opinion.
Fortunately your opinion has
No bearing on my future.
Self funded debt free with passive income.
Happy to have missed the point.
Evidently I'd missed the point in 1995 through 2003 as well.
You know you only have to get it right ONCE in a lifetime to
Join Julia in the 1%
In your opinion.
Fortunately your opinion has
No bearing on my future.
Self funded debt free with passive income.
Happy to have missed the point.
Evidently I'd missed the point in 1995 through 2003 as well.
You know you only have to get it right ONCE in a lifetime to
Join Julia in the 1%
Factor in that in aggregate terms Australian households just simply can't take on any more debt, then where do you think the price growth is going to come from? Mortgage debt is already 80% of GDP! If rents go up too fast then the number of spare bedrooms is going to decrease. There is a massive amount of excess capacity out there.
You know you only have to get it right ONCE in a lifetime to
Join Julia in the 1%
Dont know what you guys are on about.
I agree prices are likely to fall further and then stay flat for som years.
Eventually deflation will give way to growth could be many years.
As for what my family does with assets when I'm out a here.
That will depend on their own situations at the time.
They will get advice when that time comes.
A way off I hope.
Yeh yeh we got it so so easy!
You guys have got it so so hard.
We've never seen hard times.
Sick of this home investing ponzi bull****. It has already caused far too much human misery around the world.
House prices are the CAUSE not a symptom ? Get it through your heads. Housing investment is a greed fueled evil which needs to be stamped out. Repeat after me - it is not the bankers it is housing investors ruining the world.
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