Maybe I've missed something, but I've always considered that having more than one job at the same time to be fairly unusual. Sure, there are some who will work 9 to 5 then a second job on weekends or of an evening, but certainly the vast majority of people I have ever known have only had one job at any given time.
Maybe I've missed something, but I've always considered that having more than one job at the same time to be fairly unusual. Sure, there are some who will work 9 to 5 then a second job on weekends or of an evening, but certainly the vast majority of people I have ever known have only had one job at any given time.
Obviously nobody expects to stay in the same job for life these days, but that's an entirely different issue. Likewise most won't stay in the same house and I don't think that anyone's suggesting that here.
BRITISH house building starts rose 23 per cent in 2013 to reach a six-year high of 122,590, UK Government statistics showed this week.
The boost comes amid concerns that housing supply is not keeping pace with demand but the figure remains well off the peak of 183,000 in the 12 months to March 2006.
On a quarterly basis, starts in the final three months of 2013 were up 23% on the same period a year before, while completions were up 6%.
Communities Secretary Eric Pickles said: "This Government is fixing the broken housing market we inherited in 2010.
"Last year we built the most homes since 2007, and even the appalling weather conditions this winter have not stopped our hardy builders from getting the job done.
"That means an increase in small firms benefiting from the surge in construction orders, and more business confidence in the economy."
But Campbell Robb, chief executive of housing and homelessness charity Shelter, said: "What these figures really show is that we are building less than half of the 250,000 homes needed each year just to keep up with demand.
"With thousands of young people and families already beginning to give up hope that they will ever be able to afford a home of their own, this woeful gap between the homes we need and the homes we have spells disaster for future generations.
"Any uptick in house building is to be welcomed, but we're still nowhere near meeting our housing shortage.
U.K. building stats highest in 6 years !
http://www.news.com.au/world/breaki...s-up-23-per-cent/story-e6frfkui-1226833908139
But but but they went from a bubble to a housing crash and now they have a housing shortage ?
Look out Australia ... we are next according to the "economists"
Depends on your work ethic and how hungry you are to succeed I s'pose. Not necessarily in the RE world but life in general. There is the unionised workforce and then there is the entrepreneurs
* A large % of the current housing stock has spare bedrooms
I'd be interested to know how they calculated that?
Eg a 4 bedroom house with 2 adults and 2 children doesn't necessarily have a "spare" bedroom if the one not being used for sleeping is instead being used as a home office, study, hobby room or whatever as is reasonably common.
http://ftalphaville.ft.com/2014/02/19/1776182/affordability-backwards/
But for someone who owned a house, they did get richer in the sense that their mortgage payment quickly shrinks as a proportion of their fast growing pay packet. This is where the analysis of affordability on the basis of initial mortgage payments, rather than over the life of a 25 year, is fundamentally flawed.
Owning your own home is very important because as you said the interest payments decrease.
Which is why affordability is such an important social issue. If people are locked out (as they are now) then they will NEVER have that benefit
True as long as wages growth is at least as rapid as any increase in interest rates.
But looking at current interest rates and wages growth, anything more than a 0.2% rise in rates over 12 months sends the recent home buyer into reverse financially.
It comes down to leverage. A big debt at low rates leaves you drastically more exposed to risk than does a smaller debt at higher rates. When rates inevitably rise at some future time, that's when we'll see some rather interesting action in the property market.
Hopefully with the liberal government there will be some sanity re-introduced to workplace relations and those on the lower end of the pay scale can have their pay drastically reduced.
That should help ease rental prices somewhat.
Its not a matter of paying people less it a matter of increasing productivity,
In Australia, wages and benefits have increased faster than productivity, thats a problem.
Its not a matter of paying people less it a matter of increasing productivity,
In Australia, wages and benefits have increased faster than productivity, thats a problem.
Ultimately, land prices are just another way in which Australia has become a structurally high cost country.
We have more land than most and yet it costs a fortune.
We have unemployed workers and yet skilled labour is scarce because we stupidly messed about with TAFE etc.
We've got plenty of agricultural land and yet a substantial portion of food sold in supermarkets is imported.
And so on. We've simply become a high cost country in every way. From the perspective of the housing market, to a significant extent it's depending on Australia's high costs going even higher in the future. Meanwhile we've moved away from protectionism and now have to compete against much lower costs overseas. How's it going to work?
that post was mid Feb.Yes smurph, it either ends in a bust or a devaluation of the $Aus to about $0.40cU.S, which is as good as a bust. IMO
FIVE new multi-storey towers, up to nearly 200 metres tall, are set to added to the Melbourne skyline.
The towers, approved on Tuesday, will generate more than $550 million in private investment and 4000 jobs, and drive a construction boom in central Melbourne, the state government says.
The tallest of the towers will be built in A'Beckett Street and reach to 196m and 63 storeys.
It will contain 632 apartments and is worth $164 million.
The approval of the five towers is the largest number of residential permits approved on one day, Planning Minister Matthew Guy said.
"With the release of these five towers in Melbourne, new home buyers and others can once again have confidence that the state government is aggressively tackling the housing affordability issue in outer as well as inner-city markets," he said.
Mr Guy said Melburnians had made it clear they did not want high rises in the suburbs and to achieve this towers would be built in the CBD and Docklands area.
The billionaire uses two personal real estate investments he made to demonstrate some of his key principles: focus on what an investment will produce, not its price; stick to what you know; and don't try to predict what the economy or stock market will do.
“You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognise your limitations and follow a course certain to work reasonably well,” Buffett wrote. “Keep things simple and don't swing for the fences. When promised quick profits, respond with a quick 'no."'
The examples Buffett cited were his 1986 purchase of a 400-acre Nebraska farm and his 1993 purchase of a retail property near New York University's campus. Both purchases were made after prices collapsed.
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