The future of Australian property prices

[wayneL]

That's because political parties are in the business of gaining power and staying in power. The days of political parties making tough, pragmatic decisions are a relic of the 20th century. It's all about populism and prosperity now. We will continue to see money printing and the protection of the residential property market as policy priorities of all major parties.

It's a game of political musical chairs. One day it's all going to end, and when the music eventually stops nobody is going to want to be in power, because things are going to get very ugly.

Damn straight!

But when, is the $64,000,000 question. (Which will probably be median Sydney price by then </tongueincheek>)

 

[Smurf1976]

By any objective assessment, it's a bubble.

Agreed but I'm not going to underestimate what government and central banks will do.

It's a bubble but it's one that could well get a lot bigger.....

As an analogy, government seems determined to keep the sprinklers gushing and say nothing about a drought until the dam is literally bone dry with not a drop left. Then we go straight into a monumental crisis.

 

[wayneL]

Agreed but I'm not going to underestimate what government and central banks will do.

It's a bubble but it's one that could well get a lot bigger.....

As an analogy, government seems determined to keep the sprinklers gushing and say nothing about a drought until the dam is literally bone dry with not a drop left. Then we go straight into a monumental crisis.

And who wins from that scenario?

Somebody does, and you can be sure those people will be the so called "elites". (And hopefully a few of we plebs will pick up a few crumbs if we're smart/lucky enough)

 

[greggles]

Get as debt free as possible is my advice, even if it's just an old shack on a block of land large enough to grow some food. Those who are the most debt free and self sufficient will come out of the other end in the best shape.

I walk into supermarkets now and all I see is ready made everything, gourmet this, gourmet that. Everything is being done for us because we no longer have the time, or so I am told. We are being encouraged to lose the skills that make us self sufficient. I believe this is deliberate.

If I could do things over again, I would make the effort to be a lot more proficient with a hammer, screwdriver and saw. That way I could improve a property myself without relying on someone who charges $80 an hour. It's probably my greatest regret. I can do this and that but I just don't have the skillset I wish I did.

 

[MovingAverage]

I walk into supermarkets now and all I see is ready made everything, gourmet this, gourmet that. Everything is being done for us because we no longer have the time, or so I am told.

I came to the conclusion a while back that we have hit peak laziness when I started seeing Coles and Woolworths selling bags of pre-made mixed lettuce leaves and salad. Really, have we become so busy that we don’t have time to make a salad ?

 

[greggles]

I came to the conclusion a while back that we have hit peak laziness when I started seeing Coles and Woolworths selling bags of pre-made mixed lettuce leaves and salad. Really, have we become so busy that we don’t have time to make a salad ?

Agree. The one that still amazes me is these meal kit companies, Hello Fresh and Marley Spoon and others. What a ridiculous rip off. All they do is give you the raw ingredients for a meal and you cook it yourself. For that privilege you pay double or triple what the stuff is actually worth. ?

There are literally hundreds of thousands of recipes available for free on the internet. All you have to do is visit a fruit and veg barn (or even Woolworths or Coles if you like being ripped off on your fruit and veg) and buy some ingredients for the recipes you like and then learn how to use a knife and a stovetop or oven.

Does anyone here subscribe to these meal kits? I want to understand the reasoning behind it, because I can't grasp it. It takes 15 minutes to do some fruit and veg shopping. Why don't we have enough time?

 

[qldfrog]

Get as debt free as possible is my advice, even if it's just an old shack on a block of land large enough to grow some food. Those who are the most debt free and self sufficient will come out of the other end in the best shape.

I walk into supermarkets now and all I see is ready made everything, gourmet this, gourmet that. Everything is being done for us because we no longer have the time, or so I am told. We are being encouraged to lose the skills that make us self sufficient. I believe this is deliberate.

If I could do things over again, I would make the effort to be a lot more proficient with a hammer, screwdriver and saw. That way I could improve a property myself without relying on someone who charges $80 an hour. It's probably my greatest regret. I can do this and that but I just don't have the skillset I wish I did.

Never too late, get youtube, become an apprentice to the next tradie doing work at your place and in a few years you have reasonsble knowhow for painting,tiling, carpenter or plasterboard work, etc..and you do not need much more than that.do own plumbing in sheds or chook pen.not rocket science and once you have the few trade tricks, you are fairly competent, not as quick or flawless as a 10000h practise tradie but not that bad, enough to do the job

 

[Humid]

That's because political parties are in the business of gaining power and staying in power. The days of political parties making tough, pragmatic decisions are a relic of the 20th century. It's all about populism and prosperity now. We will continue to see money printing and the protection of the residential property market as policy priorities of all major parties.

It's a game of political musical chairs. One day it's all going to end, and when the music eventually stops nobody is going to want to be in power, because things are going to get very ugly.

Some parties are better at it than others if you look at the stats
Some parties do try to introduce change through mining taxes,franking credits and talk about negative gearing but are shot down as left loonies and poor economic managers and look where we are biggest debt ever......you make your choices

 

[MovingAverage]

look where we are biggest debt ever......

So you’d prefer it if the libs did nothing? So you think the libs should have just let people do it tough so long as our national debt remained unchanged? This debt comment is ridiculous given that Covid impacted a lot of hard working ordinary people. Explain to me why exactly you think our current debt is bad—and please don’t just wheel out the usual “generations to come will pay for it”

 

[Humid]

So you’d prefer it if the libs did nothing? So you think the libs should have just let people do it tough so long as our national debt remained unchanged? This debt comment is ridiculous given that Covid impacted a lot of hard working ordinary people. Explain to me why exactly you think our current debt is bad—and please don’t just wheel out the usual “generations to come will pay for it”

Since the GFC was before this and labor was in power maybe you go first why debt seemed to be a problem then as it was an election issue with the current government

 

[MovingAverage]

Since the GFC was before this and labor was in power maybe you go first why debt seemed to be a problem then as it was an election issue with the current government

Huh…I did say debt was a problem…you did.

 

[Humid]

Some parties are better at it than others if you look at the stats
Some parties do try to introduce change through mining taxes,franking credits and talk about negative gearing but are shot down as left loonies and poor economic managers and look where we are biggest debt ever......you make your choices

No I said the left were touted as poor economic managers you concluded the rest in your head

 

[MovingAverage]

No I said the left were touted as poor economic managers you concluded the rest in your head

The left are poor economic mangers, but we digress from Aussie house prices

 

[Humid]

I came to the conclusion a while back that we have hit peak laziness when I started seeing Coles and Woolworths selling bags of pre-made mixed lettuce leaves and salad. Really, have we become so busy that we don’t have time to make a salad ?

on topic

 

[Humid]

So you’d prefer it if the libs did nothing? So you think the libs should have just let people do it tough so long as our national debt remained unchanged? This debt comment is ridiculous given that Covid impacted a lot of hard working ordinary people. Explain to me why exactly you think our current debt is bad—and please don’t just wheel out the usual “generations to come will pay for it”

Like Gerry Harvey

 

[MovingAverage]

on topic

Ok…I just can’t be bothered arguing with you on which side of politics is better…right or left. I suspect we will not cover any original ground and will be confined to you usual issues that headline the mainstream media

 

[MovingAverage]

Like Gerry Harvey

? like I said…confined to main stream media issues…boring

 

[Humid]

Educate yourself turn off Sky and the main media then

Budget Spin: Labor's debt a 'disaster'; Coalition's debt, three times larger, 'sustainable' - Michael West

Debt of 16.8% under Labor a “debt disaster”; Coalition debt of 50% is “strong and sustainable”. Galling hypocrisy but media is shtum.

www.michaelwest.com.au

 

[Humid]

Yeah lets talk about salads

 

[MovingAverage]

Yeah lets talk about salads

Ok…I am a big fan of feta cheese in a tossed salad. I’m also more of a fan of rocket instead of iceberg lettuce. When cherry tomatoes are in season I also like them in a salad. I don’t care too much for mushrooms. As for dressings, Paul Newman’s balsamic is my go to.