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I read that inflation in the U.S is 5%, so the ship may be turning at last?
I read that inflation in the U.S is 5%, so the ship may be turning at last?Where do y'all reckon central banks and the debt market fit into this?
Maybe that's the hidden enemy?
The other thing that has had a major effect, is the cost of air travel, it has reduced to the point that workers can live where ever they like.So has migration. But the urbanisation problem has gotten worse as the population in capital cities has increased. Yes, a big contributor to that has been immigration. We have had about 3.4 million net migration in the last 15 years. If we had a more decentralised population the impact on property prices would have been much less. My personal view is that they shouldn't have been permitted to all settle in capital cities. No reason why many couldn't have migrated to regional centres.
Where do y'all reckon central banks and the debt market fit into this?
Maybe that's the hidden enemy?
I read that inflation in the U.S is 5%, so the ship may be turning at last?
In the context of those wanting affordable housing:Who is the real enemy?
Putting public housing out to the private sector, with negative gearing assistance, was the thin edge of the wedge IMO.In the context of those wanting affordable housing:
Government.
They created much of the situation themselves and allow central banks, retail banks and developers to do the rest.
The Betoota Advocate is not a real media outlet. It just takes the piss.Muppets, I bet you didn't buy there Humid.
Crazy stuff.
Hell yeah...the 90s produced some of the best super cars. I really miss that era of carsHey this is a half serious post but I actually liked everything better in the 90s, as a response to the argument housing was cheaper but other things weren't as good as now
- cars were better
That figures, coming from Humid, at least you get laugh with him. ?The Betoota Advocate is not a real media outlet. It just takes the piss.
I grew up in the 70's and 80's, as you say everything is different, there was very few consumer goods to buy, now the problem is there is too much choice.Hey this is a half serious post but I actually liked everything better in the 90s, as a response to the argument housing was cheaper but other things weren't as good as now
- cars were better
- tv shows were better (yes tvs were smaller but somehow we saw it just fine)
- not having a mobile phone was maybe better in hindsight (less distractions)
- houses were cheaper, built and designed better (personal preference)
- political correctness wasn't as stupid and aggressive as it is now
- there was more time for family time
- schools and universities were more sensible and cheaper
- interest rates were fairer
Anyway I was a teenager so I'm sure everything was better for that reason.
p.s what happened to robots? he was big when I joined up here.. professor robots as he called himself
I’m not so sure about that. The ALP has has several opportunities to change some of the fundamentals of the housing market to address the issues they continually point the finger. But guess what, the ALP has changed nothing despite having had the opportunity to do so. They’re full of hot air and deep down I think they know that interfering in the housing market is likely to have far reaching implications to the broader economy. What the ALP say and what the ALP do are two very different thingsThis is not true, the primary driving force is government policy. As soon as the ALP gets in there is a real risk they will do things to crash/cool the market. You're a loser if you didn't get into the market by this point, no matter what you do from here on you will lose.
It's satire.Family Lives The New Australian Dream Of Barely Being Able To Pay Mortgage On Yardless Display Home
More to come.www.betootaadvocate.com
Boomered lol
YesDo you actually think that the current state of the housing market is some kind of accident/unintended side effect?
Really? Immigration has pretty much ceased since Covid yet here we are seeing record pricesI'm not disputing that immigration has had an impact.
Yup....for all those out there with million dollar plus mortgages...inflation is coming...your mortgage repayments are about to get seriously painfulwww.wsj.com/amp/articles/us-inflation-consumer-price-index-may-2021-11623288303
still being downplayed as temporary, see what happens
I grew up in a regional centre. I had to move to an expensive city precisely to get work. That's the problem - no work where it's cheap, or housing is so expensive where there is work that you're being bled dry by rent, bills etc etc and saving nothing anyway. It's a no-win situation.So has migration. But the urbanisation problem has gotten worse as the population in capital cities has increased. Yes, a big contributor to that has been immigration. We have had more than 3 million net migration in the last 15 years. If we had a more decentralised population the impact on property prices would have been much less. My personal view is that they shouldn't have been permitted to all settle in capital cities. No reason why many couldn't have migrated to regional centres.
Then you're a fool.
Prices and affordability are not the same thing. Prices are dictated by interest rates. Affordability is dictated by supply & demand.Really? Immigration has pretty much ceased since Covid yet here we are seeing record prices
And who elects the government on what policies/sales pitch?In the context of those wanting affordable housing:
Government.
They created much of the situation themselves and allow central banks, retail banks and developers to do the rest.
Then you're a fool.
That is very true, it was the craziest bit of social engineering ever done, closing down manufacturing increasing mining and making everyone get degree.
What a disaster, then having to import trades from overseas, while those with a degree fight for barista's jobs, an absolute tragedy IMO.
By the way non of my kids went to uni.
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