If this continues the country is in strife over the next decade.
The state of the economy at the street level
- Thread starter Tyler Durden
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If its anything like when I was working, not a lot of smaller companies like taking on Govt work, the Govt is quick to give the work out but extremely slow tp pay their accounts.
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well job stability is going the way of the dinosaur , housing affordability even with 30 year mortgages is beyond the reach of many young families .. if your parents ( or uncles/aunts ) live close to your job why not
the nation has been heading this way for decades ( but the press just keeps on selling dreams and nightmares )
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Paywalled.
I know I've been spending more also, but getting less for it.
Vicious circle. Inflation and shrinkflation.
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@sptrawler Some years ago I use to do contract fencing for Main Rods WA and some other bits and pieces for the water Corp.
Their idea of fair payment was back then 90 days for payment.
When I suggested they pay me now and I would start the work in 90 days time, for them, the penny finally dropped, as I then had dropped them off my work schedule.
There is no way I would even contemplate doing any Government contract work these days.
JohnDe
La dolce vita
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I'm looking out of my office window and across the road. A large block of town houses is being constructed, double story, one car park and no front of back yard. This is what our kids and grandkids are being forced to buy, in a country the size of Europe. So sad.
And the amount of tax, levies and fees on a block in SA is ridiculous. But is nothing compared to the other states.
Check this out, for a 120 sq m block in an old industrial area being reclaimed 40 minutes from the city. Imagine what the future Australia is going to look like in 10 or 20 years if we continue forcing new home buyers into boxes with little to no yards :-(
And the amount of tax, levies and fees on a block in SA is ridiculous. But is nothing compared to the other states.
Check this out, for a 120 sq m block in an old industrial area being reclaimed 40 minutes from the city. Imagine what the future Australia is going to look like in 10 or 20 years if we continue forcing new home buyers into boxes with little to no yards :-(
I had that trouble when I had a large crew. Normally it's best to get in early. Then leave midway through the scheme before the public service mess it up. Government work can be gold the first few months and then a nightmare when it goes off the rails.
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Like any government regulatory body they are very corrupt and only go after the easy pickings (the small operators) while only giving a slap on the wrist to large corporations.
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A house for under $300,000 in a capital city. That is pretty cheap.
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That's what we call a "starter home" but these days this current generation has to have what it took their parents 30-40 years to get.
JohnDe
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That price is only for the 120 sq m block of land, the build is another $570,000+
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On a road trip north now, spent last night in a cabin on a caravan park
And I was thinking looking at it I could probably nail building that cabin in 2 or 3 weeks, on my own..let's say 2 months start to finish if I have to drive a trailer around to get the building material/fixture.cost would be minimal 40/50k max
That type of cabin would comfortably suit a couple, do a second one if you have kids...
Yet we ask people to work a decade to buy their first house.
Our society is screwed by the regulations, laws and compliances: half the people are paid to do BS jobs ensuring the other half is not productive.
The USSR self collapsed that way, and the only way we aka the west are not collapsed yet is debt, fake virtual money borrowed from other fake virtual institutions .
And yes, the extent this mess has reached is new..I would say it kind of was sustainable till the 70s/80s but then..
Economically philosophical today..
JohnDe
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This is more about government regulations and industrial relations; an old mate, Tony, that I haven't seen for several years called me this morning to say hello. He owned 2 large independent grocery stores, they were very successful, and I first met him when my kids got involved in club sports, Tony was one of the top sponsors to the club. Sponsored both the junior and senior side of the club, donated food for the canteen and events, sponsored players, and got on the committee and organised things. As our kids grew up and went to Uni we pulled back and saw less of each other.
Ends up that he sold both his stores because his health was deteriorating from the stress of a very competitive market, both in the food and employment sector, regulations that keep changing, industrial relations that favour the employee, ever increasing wages.
He's too young to retire, and now works using the knowledge he has acquired and earns $150,000 per year plus a car and expenses.
Why have a small business when you can work 9to 5 for that sort of money.
Everyone should be getting that, isn't that what the unions and government is working towards?
JohnDe
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Business owner Kyra Mayfield, 32, has put the call-out on social media for a bold pitch – asking if any generous landowners would be prepared to subdivide.
With the rent for her Goodwood hair tattoo studio Hype SMP costing $600 per week, Ms Mayfield said it was simply not doable to balance the costs of a home with her work.
Single mum Kyra Mayfield’s bold pitch to buy a home amid housing crisis
Single mum Kyra has saved $80k but still can’t afford a roof over her children’s heads – so, she’s made a bold pitch in the hopes of a lifeline.
A desperate single mother has taken to social media in an ambitious bid to put a roof over her children’s heads, saying it was now “nearly impossible” to buy a home on one income.
Business owner Kyra Mayfield, 32, has put the call-out on social media for a bold pitch – asking if any generous landowners would be prepared to subdivide.
With the rent for her Goodwood hair tattoo studio Hype SMP costing $600 per week, Ms Mayfield said it was simply not doable to balance the costs of a home with her work.
Ms Mayfield and her two children, Amani, 11, and Jye, 9, have been living with her mother since she separated from her partner three years ago.
“Rental costs had just soared and we just couldn’t make it work off a single income,” she said.
“I would have had to give up on the business to rent a house.”
Single mum Kyra Mayfield with her children Amani and Jye. She is hoping a good Samaritan will help her achieve her dream of building a home in the housing crisis. Picture: Supplied
While juggling children and her own business, Ms Mayfield had managed to save $80,000 to put toward a place of her own, but said she was turned away by most mortgage brokers.
With the stress of housing insecurity taking its toll on her family, she decided to attempt an unconventional path to home ownership.
“If someone has a large amount of land and wants to subdivide me a little teeny section of it, please chuck me a message,” she wrote.
Her post quickly picked up hundreds of comments, with many sending messages of support.
Ms Mayfield said she recognised the chances of finding land for $80,000 was “absolutely wild”, but hoped her “crazy shot” would pay off for her children.
“In today’s time, trying to afford the lifestyle you wish to have for your children as a single mum is nearly impossible,” she said.
“If I had the opportunity to get some land and build in my own time it could change our lives … I understand $80k for land in today’s world is far fetched but you never know until you put yourself out there.”
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*** “I would have had to give up on the business to rent a house.” ***
.. or find a house you can run the business from , it is not as though she is specializing in heart transplants
sure the tax is more tricky , but so it seems is renting a house and a business premises , and maybe one of the children can learn a skill watching mum at work ( it seems we are still dreadfully short of hairdressers )
.. or find a house you can run the business from , it is not as though she is specializing in heart transplants
sure the tax is more tricky , but so it seems is renting a house and a business premises , and maybe one of the children can learn a skill watching mum at work ( it seems we are still dreadfully short of hairdressers )
JohnDe
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When news came out that prime Minister Albanese is selling one of his investment properties, I said to my wife "what does he know that we don't?"
It's not as if he needs the money, his wage and Super are very good. Maybe he wants to upgrade the family home for himself and his partner, but if that's the case why doesn't he sell his residential home which is currently empty.
There are other scenarios. Price drop as owners struggle to pay bills. Housing glut as all the new rushed projects go online. Or is it in preparation for a media blitz on the unfairness of property investors? Or maybe new property taxes and regulations after the election?
I think that the Prime Minister has a moral obligation to tell the people why he is selling while he is in office representing the peple.
It's not as if he needs the money, his wage and Super are very good. Maybe he wants to upgrade the family home for himself and his partner, but if that's the case why doesn't he sell his residential home which is currently empty.
There are other scenarios. Price drop as owners struggle to pay bills. Housing glut as all the new rushed projects go online. Or is it in preparation for a media blitz on the unfairness of property investors? Or maybe new property taxes and regulations after the election?
I think that the Prime Minister has a moral obligation to tell the people why he is selling while he is in office representing the peple.
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Agreed. Obviously knows more than the average investor in housing
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Many new reforms are coming in favour of the tenants but great to see the w@#ker get burnt by his doing.
Truth behind Albo’s ‘ruthless’ eviction - realestate.com.au
Anthony Albanese’s defence of his eviction plans for his investment home tenant have centred around rental costs, but are they on the money?
www.realestate.com.au
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he has plenty of friends ( ALP MPs ) watching the housing market for him ( and themselves ) , maybe he is only hearing whispers
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basically if the government cant tell you what to do, how to live your life and make money from you, they do not like you!
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