The state of the economy at the street level

[divs4ever]

Just what the left hate, as if. Lol

no no , the Leftist politicians have investment properties as well and only pretend to hate the greedy capitalist class ( they are a part of

after all the plebs are the ones tricked into voting for them

ever notice how many Leftist politicians have a law degree and just they help write so many crap regulations that need changes for decades to come ( to make them look busy/needed )

 

[SirRumpole]

True but only because development hasn't kept pace. It's the imbalance more than the actual numbers I think.

There has to be a limit. Water resources are the limiting factor if people want to move west of the GDR, as the Bathurst-Orange Development Council for one found out.

 

[qldfrog]

There has to be a limit. Water resources are the limiting factor if people want to move west of the GDR, as the Bathurst-Orange Development Council for one found out.

Tell that to the millions in Arizona or California, and as far as I know, the total amount of water required for these annual half million extra migrants will be the same be they in Melbourne Sydney or Orange .
Pipes and dams can..well could be built but the greens will both freeze any project while opening the floodgate at the borders.
And allowing secondary buildings on big acreages in Noosa , sunshine coast or Moreton council in places where people need no infrastructure: tank water, self powered and severage is still denied.
It is a voluntarily engineered squeezed RE market

 

[SirRumpole]

Tell that to the millions in Arizona or California, and as far as I know, the total amount of water required for these annual half million extra migrants will be the same be they in Melbourne Sydney or Orange .
Pipes and dams can..well could be built but the greens will both freeze any project while opening the floodgate at the borders.
And allowing secondary buildings on big acreages in Noosa , sunshine coast or Moreton council in places where people need no infrastructure: tank water, self powered and severage is still denied.
It is a voluntarily engineered squeezed RE market

Yep, more debt for pipes and dams, why not, we can't afford infrastructure projects as it is so let's add some more unaffordable infrastructure to support all the new migrants, a lot of which end up on welfare.

 

[Dona Ferentes]

there's nothing more " Street Level " than engaging in a bit of a real estate relocation, and the process of selling and moving somewhere else.

Following the sale of my property in one of the more temperate southern capitals (can't say cool, as it's not ) I am looking to locate, as do many , to more gentle climes. And downsizing. The coastal towns and smaller cities look attractive and affordable, and I will soon have a low "1 handle 2 comma" balance to go in with a cash offer.

After a few months on the internet (I hope ASF gets fees from my click throughs on banner ads) it was time to meet the agents. Nosy as I am, I look for the backstory. There are lots more places coming on the market as supply rises. The demand is still there. From the dozen or so places I looked into, main selling motivations seem to be
a. Deceased estates
b. Retiring and downsizing locals
c. Investment properties where there was likely distress in servicing loans.
d. Investments/ weekenders that they'll flip if the right price offered.

Now with a), I could sense the next generation wanting to get the money. But generally, properties were run down, and unattractive
With b), houseproud locals had the best offerings if not optimal locations. But even here, at around 900k to 1.2 mill, the plans seemed to be to move further N and buy cheaper.
c) were identified by short ownership periods, a few only held for a year or so. Imagine the increased interest if highly geared.
d) were the best locations, stroll to beach and coffee shops sort of thing, but unwilling to be flexible.

So, like everything, its not static, we're not passive victims but are making conscious decisions. I have no doubt the Type B's will move to somewhere cheaper and maybe pocket a few hundred k's, contribute to super if
well advised. The Type A crowd, inheritors, will take the offer after a while, to enhance their own financial positions. Those with investment places that timed the market badly should have learned something, I hope. And the D crowd .... they're among us and have been all along. Some are clever, but some are just lucky with the timing.

Markets are interesting. I'll do the downsizer contribution even if the money is withdrawn for a purchase, I may even trim assets to buy a more expensive place. And I'll be making straight cash offers

 

[farmerge]

there's nothing more " Street Level " than engaging in a bit of a real estate relocation, and the process of selling and moving somewhere else.

Following the sale of my property in one of the more temperate southern capitals (can't say cool, as it's not ) I am looking to locate, as do many , to more gentle climes. And downsizing. The coastal towns and smaller cities look attractive and affordable, and I will soon have a low "1 handle 2 comma" balance to go in with a cash offer.

After a few months on the internet (I hope ASF gets fees from my click throughs on banner ads) it was time to meet the agents. Nosy as I am, I look for the backstory. There are lots more places coming on the market as supply rises. The demand is still there. From the dozen or so places I looked into, main selling motivations seem to be
a. Deceased estates
b. Retiring and downsizing locals
c. Investment properties where there was likely distress in servicing loans.
d. Investments/ weekenders that they'll flip if the right price offered.

Now with a), I could sense the next generation wanting to get the money. But generally, properties were run down, and unattractive
With b), houseproud locals had the best offerings if not optimal locations. But even here, at around 900k to 1.2 mill, the plans seemed to be to move further N and buy cheaper.
c) were identified by short ownership periods, a few only held for a year or so. Imagine the increased interest if highly geared.
d) were the best locations, stroll to beach and coffee shops sort of thing, but unwilling to be flexible.

So, like everything, its not static, we're not passive victims but are making conscious decisions. I have no doubt the Type B's will move to somewhere cheaper and maybe pocket a few hundred k's, contribute to super if
well advised. The Type A crowd, inheritors, will take the offer after a while, to enhance their own financial positions. Those with investment places that timed the market badly should have learned something, I hope. And the D crowd .... they're among us and have been all along. Some are clever, but some are just lucky with the timing.

Markets are interesting. I'll do the downsizer contribution even if the money is withdrawn for a purchase, I may even trim assets to buy a more expensive place. And I'll be making straight cash offers

South-West of WA is the place to be. We will be looking down this way sometime in the near future.

 

[moXJO]

Restaurants and barbers (local) had a real tough week last week. Customers disappeared.

 

[divs4ever]

Restaurants and barbers (local) had a real tough week last week. Customers disappeared.

on the flip side the local pub ( hotel ) catered for 3 Xmas parties this weekend , so far two Saturday evening and one for Sunday lunch

interesting for a village with a population (according ABS ) of 300 people those parties easily surpassed 10% of the official population and it is still only November

maybe rural folks like to get things done early

 

[Smurf1976]

There has to be a limit. Water resources are the limiting factor if people want to move west of the GDR,

Easy water is a limit but hand the task to some appropriate engineers and you'll have water.

How much it costs, and whether it ought be done, is another matter but technically it's possible.

 

[SirRumpole]

Easy water is a limit but hand the task to some appropriate engineers and you'll have water.

How much it costs, and whether it ought be done, is another matter but technically it's possible.

Sure, we could have a "turn back the rivers" project, but what is the final objective ? To have a population of 150 million or more ? Will that make us all wealthier ? I'd like to see some studies on that.

 

[farmerge]

Decided to have take-away for nosh last night.
Went to our local in Straton, once again efpos not available.
Is the organ grinder's monkey making sure inflation is not rising through fast food outlets not being able to operate.
The one time I didn't have cash on me.

 

[farmerge]

Restaurants and barbers (local) had a real tough week last week. Customers disappeared.

Surely with this good/happy news then the organ grinder's monkey can re-evaluate the rate of inflation to a downward trend.

 

[Belli]

I've only copied the link but haven't read the article but more of the same regarding Boomers and their outrageous spending which is upsetting the aspirations of others to reach the same position I guess.

Boomers, I beg you: please stop spending

I know dining out is fun, and you want to treat your children and spoil your grandkids this holiday season. But right now is not the time to splurge. Let me explain why.

www.theage.com.au

 

[SirRumpole]

I've only copied the link but haven't read the article but more of the same regarding Boomers and their outrageous spending which is upsetting the aspirations of others to reach the same position I guess.

Boomers, I beg you: please stop spending

I know dining out is fun, and you want to treat your children and spoil your grandkids this holiday season. But right now is not the time to splurge. Let me explain why.

www.theage.com.au

Hmm.

Well, the other side of the coin is that spending creates employment and if those with money stop spending it then surely that increases the chances of recession and a lot of those kids will lose their jobs.

So how far do "we" boomers go in reducing spending ?

Maybe the answer is do more foreign travel , because that creates demand in other countries, but if "we" eat at restaurants and cafes less or do less travel in Australia then why should "we" cop the blame for higher unemployment ?

 

[qldfrog]

I've only copied the link but haven't read the article but more of the same regarding Boomers and their outrageous spending which is upsetting the aspirations of others to reach the same position I guess.

Boomers, I beg you: please stop spending

I know dining out is fun, and you want to treat your children and spoil your grandkids this holiday season. But right now is not the time to splurge. Let me explain why.

www.theage.com.au

Sad outcome of a country already afflicted by the tall poppy syndrome and enforced further by years of education/brainwashing socialism:
What is yours is mine, you need to be taxed to share etc etc.
Add in the new tribe moves: them vs us based on age,race, colour, sex or sexual preferences.
Division, division, division so that your country can be sold off, invaded, and the toothless brought back to servitude....
And I am not even a boomer
An aside: I am privileged to live in Noosa and can observe first hand what the teal council ,or should I say WEF sons and daughters, plan for this country.
And I am scared,and so should you.
I can assure there is no shortage of money spending here in the elite

 

[Value Collector]

Yep, more debt for pipes and dams, why not, we can't afford infrastructure projects as it is so let's add some more unaffordable infrastructure to support all the new migrants, a lot of which end up on welfare.

Let the Water companies sell bonds, and pay the principle and interest back via the water charges from the additional water supplied.
As FROG suggested, the USA supplies a much larger population, in much drier regions by moving water around and recycling it.

Water doesn't disappear after its used, we pump billions of litres are treated water out into the ocean, it could be pumped back into our dams and re-used.

 

[SirRumpole]

As FROG suggested, the USA supplies a much larger population, in much drier regions by moving water around and recycling it.

The US and Australia are far different geographically as well as economically.

The US has huge rivers fed by melting snow which we simply don't have.

Any comparison between the US and Australia in terms of water is irrational.

 

[Value Collector]

Any comparison between the US and Australia in terms of water is irrational.

Not in terms of funding.

And not in terms of water recycling, we could easily be taking advantage of that to perhaps double our water supply, as I said we pump a lot of treated water out to sea, putting it back into the dams instead, and letting it flow though the cycle again would be a wise move. We do a little bit of water recycling up here in south east Queensland, but more could be done.

But, There are heaps of projects that could be done to store and move flood waters around, but we tend to shy away from big projects, and the other side of politics will always try and trash talk big ideas from the other side, look at the snowy 2.0 and how much trash gets talked.

 

[SirRumpole]

But, There are heaps of projects that could be done to store and move flood waters around, but we tend to shy away from big projects, and the other side of politics will always try and trash talk big ideas from the other side, look at the snowy 2.0 and how much trash gets talked.

I agree there. We could do a lot more to trap floodwater, but maybe the cost/benefit ratio isn't favourable.

 

[Value Collector]

I agree there. We could do a lot more to trap floodwater, but maybe the cost/benefit ratio isn't favourable.

Maybe not, but eventually at some population size it is, and if you are recycling each litre you capture a few times, a relatively small project of water capture can multiply into large amounts.

South East Queenland, has developed a pretty good system of moving water around its 19 or so dams to provide Brisbane with pretty decent water security, all they need now is to add in more recycling, only one treatment plant has the ability to pump back to the dams at the moment.