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Re: House prices
Originally Posted by pomikev
(Post 10527834)
thats the words i was looking for. :thumbsup:
what the landlords don't realise when they tell everyone else to get on the investment property bandwagon is that if everyone did they would be no renters, these people have ideas above their station, I thought we abolished any notion that being a lord with serfs was something to be proud of back in the 1300s Buy 1 house, live in it and stop bottom feeding off everyone elses misery. |
Re: House prices
Originally Posted by pomikev
(Post 10527834)
thats the words i was looking for. :thumbsup:
what the landlords don't realise when they tell everyone else to get on the investment property bandwagon is that if everyone did they would be no renters, these people have ideas above their station, I thought we abolished any notion that being a lord with serfs was something to be proud of back in the 1300s Buy 1 house, live in it and stop bottom feeding off everyone elses misery. If you follow that train of thought having Super / Pension in Gold is like depriving planet earth of one of it's limbs or organs. |
Re: House prices
Originally Posted by geordiebloke
(Post 10527845)
So what about those who will never own a house, either through choice or situation..................who will provide them with a home?
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Re: House prices
Originally Posted by pomikev
(Post 10527851)
Not you obviously, they couldn't afford your rent.
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Re: House prices
Originally Posted by pomikev
(Post 10527721)
Ok
The older I get the more I have started to see through all that materialism and started to value the immediate moment of felt experience instead of gazing with regret at the past or standing on tiptoes staring over the wall into the future and projecting unnecessary worry and anxiety into that space. Instead of seeing life as some competition to see who can grab hold of the most objects and possessions in an attempt to feel secure I am starting to see life as more of a dance, and the point of a dance is not to arrive at a certain spot on the dance floor at the end, the point is the dance itself. One thing I have learnt as I have gotten older is "Nothing Lasts" not your friends, not your enemies, not your fortune, not you loves not even your dear dear self, all things change, everything ends, degrades, morphs into something else, evaporates. so the point for me has changed from "what can I get to make things secure forever" to "what do I really want to be doing today that will give me joy right now". Hope this makes sense, and thank you for listening to the eccentric ramblings of an old ex-pat schoolboy who still wishes he was playing conkers and making bows and arrows in the fields and lanes of the old Devon countryside of long ago. Capitalism was a big con in my opinion, it failed to deliver the things they promised it would and I have seen through a lot of the doctrine as the shell game that it is. Love you all. whay a gr8 post, briliant post cheered m rite up |
Re: House prices
Originally Posted by pomikev
(Post 10527851)
Not you obviously, they couldn't afford your rent.
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Re: House prices
Originally Posted by geordiebloke
(Post 10527597)
[/B]
Maybe some of those "asset rich old folk" should be doing more to help their kids/grand kids get onto the property ladder? Or maybe these threads are more about "asset poor old folk" who are bitter that they missed the boat? |
Re: House prices
Originally Posted by Amazulu
(Post 10527881)
It was a good question.........who will provide them with a home?
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Re: House prices
Originally Posted by sign
(Post 10527886)
i am not poor nor bitter just kids in ntheir 20's they are our future who will work pay taxes to support the bitter asset poor old folk the kids aint got a chance but with opinions like yours its obvious to see why
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Re: House prices
Originally Posted by sign
(Post 10527890)
the council
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Re: House prices
Originally Posted by sign
(Post 10527890)
the council
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Re: House prices
Originally Posted by sign
(Post 10527875)
whay a gr8 post, briliant post cheered m rite up
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Re: House prices
I'm a bit sceptical of property boosters and spruikers coming onto forums (suddenly) claiming the road to riches..... as one sees on Fairfax newspaper comments. Many neglect economic fundamentals now (ignoring Oz media etc. who have interest in supporting the property religion), i.e. increasing unemployment, much lower sales volumes etc.
The real value is what would a property be worth now if on market, less all ongoing costs of property management, insurance, maintenance, depreciation, council rates, utilities, losing tenants and income etc. Give me a well balanced conservative share portfolio any day which produces income, potential but modest capital growth, is liquid and transparent price signals at any give moment via stock exchange. But each to their own. |
Re: House prices
Originally Posted by balkanghost
(Post 10528046)
Give me a well balanced conservative share portfolio any day which produces income, potential but modest capital growth, is liquid and transparent price signals at any give moment via stock exchange.
What pisses me off about property is the way the whole system is set up to encourage house price inflation. Negative gearing, first home buyers grants, unbelievably slack lending. It means that money that could be getting invested in productive businesses is going to property instead. Having said that, I regret not piling in to property here in Oz when I first got here and would have no qualms going "balls deep" into houses if the opportunity arises and it makes economic sense. And for me economic sense means yield not capital gains. I stil reckon the best bet at the moment is precious metals. |
Re: House prices
I'd agree with that, however, not everyone is negatively geared, or believes in that. I'm not. I try to cover my costs and then pay down. It works for me and I think I'd rather do that than rely on superannuation which is a total rip off in my opinion.As for shares, bonds, gilts, futures and the like - I am not clever enough to be able to do it for myself.
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