The future of Australian property prices

[robots]

hello,

http://www.heraldsun.com.au/enterta...-our-attractions/story-e6frf96x-1225850660152

oh yeah, they come and just want to stay, they all hooking up with aussies just fantastic and in my opinion why we No.1

we offer things no other joints offer and so aus doesnt go on those lists

just paradise,

thankyou
robots

 

[satanoperca]

With another small rates rise yesterday, thank our govnuts that they didn't create the mess with mortgages like in the US.



Cheers

 

[Tink]

hello,

http://www.heraldsun.com.au/enterta...-our-attractions/story-e6frf96x-1225850660152

oh yeah, they come and just want to stay, they all hooking up with aussies just fantastic and in my opinion why we No.1

we offer things no other joints offer and so aus doesnt go on those lists

just paradise,

thankyou
robots

Good to see you back Robots : )

 

[satanoperca]

Australia is different, it is the land of sunshine and lollipops.

Mortgage borrowers can absorb much higher interest rates, says Moody's

Moody's argues borrowers on a $300,000 mortgage would still be saving $415 a month compared to March 2008 when rates were at 7.25 per cent.

So really no one can complain. No pain and all to gain.

Fantastic.

 

[damien275x]

Wow, I've read through half of this thread and feel as though I'm no better off. All you get is one argument, followed by another which contradicts the first, etc etc. This had led me to develop a severe case of analysis paralysis. 20 years old, decent income, want to do something with my money but the more I read the more I am scared off. For now it is safely locked up in term deposits, (yes.. I am aware money in the bank is 'going backwards' but you know what - money in the bank is better than spending 99.999% of my paycheck each week just to get by)

I have come to the conclusion that life is a ripoff. Simple as that. As such, I plan to live at home paying minimal board for as long as my parents will have me. I don't use a lot of power, a lot of water, or eat their food. They would live here in this home regardless so I'm not really a burden on them financially by choosing to stay here.

At the end of the day, a home to me is a place to sleep and I don't need my own. You all spend hundreds of thousands of dollars on them but let me ask you something - how many hours do you actually spend in them? Take away the time you spend sleeping, and the time you spend chained to your desk to earn your measly wage to pay the damn thing off and is it really worth it?

Maybe in 5-10 years when everything turns to absolute shiet again I'll be all cashed up and ready to take advantage of the situation, without a loan from some stupid bank. Life should be about living it up and having fun. I find it incredibly sad that we all get caught up in such mundane bullcrap just to get by, and that no matter how much we acquire, it's never enough and we continue to work for more, more, more. Jesus F*** christ.

My dad has plenty of money yet keeps working a job he hates, you can see the $$$ signs in his eyes.
It's like, you know what -you'll be dead in 20 years, what a waste of your life.

 

[prawn_86]

I still dont get why people think having money in the bank means your savings are being eroded by inflation

Providing your interest returns are > than the inflation rate, and you are compounding your savings, then why isn't that keeping pace (or growing faster) than inflation?

 

[satanoperca]

I still dont get why people think having money in the bank means your savings are being eroded by inflation

Providing your interest returns are > than the inflation rate, and you are compounding your savings, then why isn't that keeping pace (or growing faster) than inflation?

No. Interest Rates - Marginal Tax rate must be greater than inflation rate for you to stay ahead.

It sucks savings in the bank are tax and that is why debt is king.

Cheers

 

[MR.]

For now it is safely locked up in term deposits, (yes.. I am aware money in the bank is 'going backwards' but you know what - money in the bank is better than spending 99.999% of my paycheck each week just to get by)

Good on you and welcome to the warm fuzzy feeling only a TD can produce.

I plan to live at home paying minimal board for as long as my parents will have me. I don't use a lot of power, a lot of water, or eat their food. They would live here in this home regardless so I'm not really a burden on them financially by choosing to stay here.

Seems like a good decision for now.

 

[awg]

hello,

http://www.heraldsun.com.au/enterta...-our-attractions/story-e6frf96x-1225850660152

oh yeah, they come and just want to stay, they all hooking up with aussies just fantastic and in my opinion why we No.1

we offer things no other joints offer and so aus doesnt go on those lists

just paradise,

thankyou
robots

Hi robots

Are you the guy that commented at 7.42am on that link?

 

[TOBAB]

I have come to the conclusion that life is a ripoff. Simple as that. As such, I plan to live at home paying minimal board for as long as my parents will have me. I don't use a lot of power, a lot of water, or eat their food. They would live here in this home regardless so I'm not really a burden on them financially by choosing to stay here.

Ever heard of independance???

At the end of the day, a home to me is a place to sleep and I don't need my own. You all spend hundreds of thousands of dollars on them but let me ask you something - how many hours do you actually spend in them? Take away the time you spend sleeping, and the time you spend chained to your desk to earn your measly wage to pay the damn thing off and is it really worth it?

Once you have had children you tend to spend more time at home. My advice is that by then you want something comfortable for all. Also what's this idea of being chained to your desk? Not the only way to make money.

Maybe in 5-10 years when everything turns to absolute shiet again I'll be all cashed up and ready to take advantage of the situation, without a loan from some stupid bank. Life should be about living it up and having fun. I find it incredibly sad that we all get caught up in such mundane bullcrap just to get by, and that no matter how much we acquire, it's never enough and we continue to work for more, more, more. Jesus F*** christ.

You are taking a big punt of things going to shiet. It would need to be cataclysmic for a mass advantage to be had. I bought a property in Dec 2008 and have made some dough from that purchase but not life changing stuff - just a nice earn.

Oh to be a youthful idealist. Brings back memories. Truth is you do not need to jump on the consume, consume bandwagon, however, if you want to enjoy some of the finer things in life you need dough. If you want to cease working (at some stage) you need dough. If you want to get all altruistic you need something behind you. Life costs. The alternative is to go live in the trees in Nimbin (might get a bit smelly though), do nothing and die unfulfilled.

 

[Dowdy]

It sucks savings in the bank are tax and that is why debt is king.

Cheers

Debt turns you into a slave. You find out you're working jobs you hate at hours you don't want to work all to get money. Not my idea of being king.

Hi robots

Are you the guy that commented at 7.42am on that link?

Robot's making that comment would be like me writing a Shakespeare.

 

[satanoperca]

Debt turns you into a slave. You find out you're working jobs you hate at hours you don't want to work all to get money. Not my idea of being king.

Hi,

Agree with your sentiments, but the fact is savings are taxed at full marginal rate and CG on a asset using debt to leverage up being only 50% of your marginal rate, the system is designed for debt to be King.

I don't agree, nor adhere to it but it is how it is.

Add in inflation and debt wins again.

Cheers

 

[robots]

Hi robots

Are you the guy that commented at 7.42am on that link?

hello,

no wasnt me, but great writings from that individual

just like the awakening of China much of this story to you brothers is the emergence of Australia, the people, the culture, the way of life

its going to be a supercycle

chill damien275x, just relax man but to you start "squirelling" it away now man

thankyou
robots

 

[awg]

I have come to the conclusion that life is a ripoff. Simple as that.

lol, things could be worse

As such, I plan to live at home paying minimal board for as long as my parents will have me. I don't use a lot of power, a lot of water, or eat their food. They would live here in this home regardless so I'm not really a burden on them financially by choosing to stay here.

At the end of the day, a home to me is a place to sleep and I don't need my own. You all spend hundreds of thousands of dollars on them but let me ask you something - how many hours do you actually spend in them? Take away the time you spend sleeping, and the time you spend chained to your desk to earn your measly wage to pay the damn thing off and is it really worth it?

Some would opine your circs now are the best time to buy, if you can live at home and rent the property out, that can be very advantagious, not everyone can do that

Maybe in 5-10 years when everything turns to absolute shiet again I'll be all cashed up and ready to take advantage of the situation, without a loan from some stupid bank. Life should be about living it up and having fun. I find it incredibly sad that we all get caught up in such mundane bullcrap just to get by, and that no matter how much we acquire, it's never enough and we continue to work for more, more, more. Jesus F*** christ.

If things go that pear-shaped, inflation may wipe out your savings..do they still teach about Weimar Germany at school, or Zimbabwe for a more recent example..or the banks could go bust, fiat currency collapse

my dad has plenty of money yet keeps working a job he hates, you can see the $$$ signs in his eyes.
It's like, you know what -you'll be dead in 20 years, what a waste of your life.

yes goddam, no-one shows any gratitude, almost enough to make a bloke grumpy

 

[robots]

Good to see you back Robots : )

hello,

thanks Tink, listening to any Offspring recently

thankyou
robots

 

[Go Nuke]

Australia is different, it is the land of sunshine and lollipops.

So really no one can complain. No pain and all to gain.

Fantastic.

http://www.theaustralian.com.au/bus...ates-says-moodys/story-fn4xq4v1-1225850875159

Yeah man.....I don't know WHICH planet this dude is living on :screwy:
He's so out of touch with "average" people imo

I'll take Bill Even's prediction thanks.

 

[explod]

hello,

thanks Tink, listening to any Offspring recently

thankyou
robots

Starting to lose the faith in you ole pal, twice now and in a p/m reply to you have canvassed that meeting for a coffee break you promised and for a good old jaw bone down here in the Penisular when next you visit your Mum (and I am paying). And do not fear, my dear wife will keep me well under the thumb. With your determination personified and my own pig headedness it is sure to have great repercussions. Maybe there are some other ASF'ers in the area that may like to join in the fray. Feel free to P/M

Maybe we could organise the property balloon over the MCG on the next Collingwood game and get Lee Matthews of Devine to hold the pin in pace at the landing platform. t/h could anchour me on top to maximise the explosive pop. It would surely be a most memorable day. Probably need another 5 basis point rise in the loan rate but it may comne sooner than we think so lets get off of our ars.. s and get going on it.

 

[robots]

hello,

no worries, i am in Mt Martha now and for the next few days so saturday could be on the go

early riser explod?

i reckon a mid year hook-up with a few from ASF could be goer, Transport Bar at fed square a great place

thankyou
robots

 

[GumbyLearner]

hello,

no worries, i am in Mt Martha now and for the next few days so saturday could be on the go

early riser explod?

i reckon a mid year hook-up with a few from ASF could be goer, Transport Bar at fed square a great place

thankyou
robots

How about The Supper Club at 161 Spring St across from Parliament? I'm sure it would appeal more to your locale and tastes.

 

[$20shoes]

Just finished reading some interesting links that started over at Colin Twigg's forum and had me read on.

Its testing my limited knowledge on economics but is an enlightening, albeit gloomy, outlook.

What I find concerning is the lies we're fed. For example why does Hometrackaustralia feel we have a had a build up of excess stock of housing in the past six years and yet the mainstream media are shouting SHORTAGE.

http://www.incrediblecharts.com/economy/keen_debt_gdp.php

http://www.debtdeflation.com/blogs/


http://www.centreforeconomicstability.org/2010/01/12/how-expensive-is-housing/

(this one is particularly interesting) -
http://www.centreforeconomicstability.org/2009/04/06/lies-damned-lies-and-housing-statistics/

IMHO, I'll use CBA as my Toll Bell - 60% of their lending book is mortgages running at a 20 times leverage ratio. If anything happens in the property market you'll see CBA's price collapse before the real estate data starts coming through.