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The Bar For non Automotive Related Chat |
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#1651 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,046
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Why would they see any point in saving? Term deposits under 1%, house prices skyrocketing, stagnant wages. Little wonder they've decided to live for today and to hell with mortgaging their life away.
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#1652 | ||
Guest
Posts: n/a
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What's the point? Wages aren't increasing and they can't save faster than house prices are going up.
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#1653 | |||
Banned
Join Date: Nov 2016
Location: Perth Australia
Posts: 3,618
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Quote:
Telling them to work hard and save, and you will be set for life ![]() They don't have to, when the parents kick the bucket, they get the lot, or the crumbs, lol, ![]() "Oh what a tangled Web we weave, when first we practice to decieve" |
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#1654 | |||
Guest
Posts: n/a
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#1655 | ||
Guest
Join Date: Aug 2018
Posts: 1,892
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#1656 | ||
PURSUIT 250
![]() Join Date: Mar 2009
Location: sydney
Posts: 5,776
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in 2014 we missed out on a semi in Annandale that sold for 1.2 million. the bloke who bought it wanted a place for his 2 kids to stay at whilst doing uni at sydney uni.
its back on the market with only a paint job for a 2.4 million guide. not bad at all, kids accommodation sorted and uni paid for and walk away with a million. now that's the way to do it... |
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#1657 | |||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,759
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Quote:
Dang, and its largely all tax free and into the super! ![]() Sent from my iPad using Tapatalk |
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#1658 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,046
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#1659 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,860
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How strong is the owner-builder scene in regional Victoria? Compared to parts of NSW there are undervalued (IMO) areas that could perform well if you’re handy. The VBA requirements don’t look onerous, but I have no idea of the premiums for balance of new home warranty.
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#1660 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,350
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its all pretty subjective isn't it......
Some just stay in the mindset of never never and every negative under the sun. Well so be it - we set our own paths - funnily those that stay in the same mindset are always the ones who keep bringing up the hardships/challenges that in the big picture every one faces in the beginning or till the rest of their lives. Only the very small % are born with a silver spoon. There is always someone tackling the challenges no matter the harder times and in time step up and keep their head down......whereas the latter do nothing but live day by day and justify their position, sure be happy with that. We all have choices to change with the times, to better your outcome, it doesn't come to you we've all heard that...... Re kids due to slowsnakes generalised comment. For every air headed kid brought up there are opposites always. Those that get everything haven't been taught much but to take. I quoted re our kids wasting $$'s through the mobile But at the same time they do so because they can. Wife and I just see it as impulsive spending when in the big picture you really don't need to. The tangled web we weave'd isn't through deception as that quote eludes to and I'm sure countless average parents are similar. In the big picture you make your own mind up. Live day to day or head down bum up that may or may not set you up for life but in general your peace of mind is better than the latter to some. CB, Owner Builder is way to go to save alot of incurring costs as you'd know. Win win, we have done so a few times instead of paying someone managing your work and buying items.
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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#1661 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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I think there are still plenty of affordable housing around. Problem is, many of the younguns just want everything all at once. A nice house, in an affluent area, with big back yard, close to the CBD, next to cafe strips, within walking distance of a train station etc.
If you jump on realestate.com.au there are plenty of sub 600k housing around within a 30km radius of the CBD. Except, they are not in the desirable areas of the 20s and 30s.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#1662 | |||
Peter Car
Join Date: Dec 2004
Location: geelong
Posts: 23,145
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Quote:
As I posted earlier, prices are up around 25% here in the last 12 months. Staggering. The demand is just off the charts, and a lot of it is coming from people trying to get the hell out of melbourne. |
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#1663 | |||
#neuteredlyfe
![]() ![]() Join Date: Apr 2012
Posts: 10,527
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Quote:
The acreage next door to us while slightly better than ours but same size house built on the same size block sold a couple of months ago for double what we paid for ours. I was only talking to the new neighbours a few says ago. Yep, wanted out of the rat race and now that they car work from home... |
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#1664 | |||
Peter Car
Join Date: Dec 2004
Location: geelong
Posts: 23,145
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Quote:
We built our house at a perfect time, cause it's gone ballistic since then. |
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#1665 | ||
FF.Com.Au Hardcore
Join Date: Mar 2019
Posts: 596
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Why can't it be both?
All those challenges you list that they are up against are true, so the fact that they **** money away on stuff they don't need and avo-on-toast does not help them meet those challenges. Those challenges you list are even more reason for them to live frugally - not just go "Others had it easier therefore someone needs to make it easier for me" I'm not a boomer - gen X. Bought my first house 2004, average house price in Adelaide then was 7 times average salary. I built in a new housing estate in low socio-economic area as it was all I could afford. Sold my car to scrape together the deposit - we went back to one car (wife's) and I took bus and train into CBD to work. Wasn't where I wanted to live; was where I could afford to live. Didn't want to sell my car, but had to to get minimum deposit. Last edited by russellw; 06-11-2021 at 06:16 AM. |
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#1666 | ||
FF.Com.Au Hardcore
Join Date: Mar 2019
Posts: 596
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Not suggesting it isn't harder these days, but what "sacrifices" have you made to try to get into the market. Foregoing avo on toast and other frivolous spending is not a sacrifice, that is logically the minimum any generation has had to do to get a deposit together.
What area and what price range are you looking to buy into? |
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#1667 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,350
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Like a boomerang leesa and expected from you
![]() My own, what they do as mentioned re spending on the mobile is likely little in $$ compared to many others in the big picture but to me/wife we see it as wastage. Saying its parenting ? turn it up. I'll have to blame our parents gen we had to pay more than they did as well be it mortgage/fuel/bread/milk etc...... By the way many stayed home till mid late 20's in my gen, my brother late 20's. Naturally that has grown today. Pricing goes up always, never seen anything go down in all my years. No sorry correction one example, being in the auto parts game many parts went down what we used to pay in the 80's. Delusion, No matter the times, all the points you quote, you either sink, float or swim or its other gens fault ![]()
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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#1668 | ||
FF.Com.Au Hardcore
Join Date: Mar 2019
Posts: 596
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Well I am sorry it is so hard for you to get into the market when you have no intention getting into the market...sucks when a task you have no intention of doing is difficult.
Also sucks that your own choices make it even harder for you to do what you have no intention of doing. And if I was your employer I would have given you the option to work remotely long before the pandemic, I would have encouraged it. |
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#1669 | ||
FF.Com.Au Hardcore
Join Date: Mar 2019
Posts: 596
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Wasn't that hard to go back to one car Leesa - is what needed to be done to reach my goal, so that made it an easy choice.
It is what was needed for me to get a house so I could make those mad gainz, keep others struggling, contribute to their mental illness and negatively affect their lives, all to satisfy my materialistic tendencies. |
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#1670 | ||
Banned
Join Date: Nov 2016
Location: Perth Australia
Posts: 3,618
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All this talk about housing costs gives me the ****s!
If you were born smart enough to chase your future job and the income that comes with it well good for you, but there are good honest decent people out there, who were not born with the smarts or the right upbringing, they still make a go of it, even those in the lowest paid menial jobs are never going to afford a house, flat, unit or duplex in any area because the big earners are buying them out of the market, oh but not to live there, but to rent it to the poor folk with menial low income jobs! I know from my own family life and my dads struggles just to keep a roof over our heads, he had no chance of buying a house in the UK, but when we moved to Australia in December 1968, he suddenly found out he was entitled to a low interest housing loan, mainly due to his war service! Other than that he could never save for a house deposit, sadly investors in bricks and mortar are the cause of this. You used to buy a house to live in, now it's like the share market, it's bloody disgraceful and based on pure personal greed! ![]() |
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#1671 | |||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,559
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Quote:
If people want to be financial hero's invest in shares, build a company and make some jobs dont bump the price of housing so it can be used as a tax incentive. IMO its the countries biggest issue.
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#1672 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,350
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complaining yes but its no game breaker, thats being a caring parent.
What they spend is up to them like any of us, we the parents are tight ****'s so you tell me where younger gen in general get their spending habits from ? Mine as I said would be minimal compared to many but we have a right pulling them up be it 10 or 20bucks wasted. Many struggle more so sacrifice getting your foot in the door, like Mulva selling his car, one step back 2 forward in time. Our first home that we scratched our butts for to get in, in a area I didn't like but could just afford a c rap hole semi needing so much hands on renos wife happy with sheets as curtains/no this and that where in time you saw later gens as mentioned the greed, more debt have to fit out everything for no can't live without keep up with the Jones's, not living to their means and has got worse due to the many added circumstances mentioned. Struggle - yes its getting worse - more population - more everything, world is going mad. There was struggle before, what gen doesn't, homeless, don't you think there was mental health before, ofcourse there was...... I'm sure all have concerns whats going on. Looks like its going to get worse. Oh but hang on your also pi ssed with earlier gens who worked hard and prospered, seriously thats a joke and insult to anyone who tries to get somewhere and to those today getting somewhere.
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" Last edited by russellw; 06-11-2021 at 06:18 AM. |
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#1673 | |||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,046
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Quote:
How does a first home buyer compete against that? And honestly, why should they? Is living in the burbs of Sydney worth $1million? Not even close. |
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#1674 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,046
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#1675 | ||
FF.Com.Au Hardcore
Join Date: Jun 2009
Posts: 18,985
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#1677 | ||
#neuteredlyfe
![]() ![]() Join Date: Apr 2012
Posts: 10,527
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I will re-open the thread, however, if the insults continue the big stick is going to have to come out.
Another thing that seems to be creeping into threads is members having digs at people about things that are said in other threads within AFF. This also is to stop. Also, this thread is about the housing 'bubble' (if there is such a thing). It is not about marriage breakups and who gets what in the property settlement. To sum up... Robust discussion is inevitable when you have so many personalities, however, these discussions are to remain on topic and without the insults or the moderation team and admin are going to have to keep intervening. If we have to keep intervening, some members are not going to be happy with the result. Everyone, please play nice, us moderators don't want to have to intervene and quite frankly have better things to do with their time. |
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#1678 | |||
Experienced Member
Join Date: Sep 2006
Location: Australasia
Posts: 7,540
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Quote:
Plenty of affordable housing for first home buyers, they should be buying in areas where it is affordable not looking at areas where prices are out of their reach or wanting to have everything straight away. |
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#1679 | ||
FF.Com.Au Hardcore
Join Date: Mar 2019
Posts: 596
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Wasn't as easy buying and selling property back in 'the good old days' that some would have you believe...less than 2 minutes, good for a laugh: https://www.youtube.com/watch?v=QHtDJ7GnjQY
I can never embed these things *sigh* Last edited by PG2; 05-11-2021 at 10:43 AM. |
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#1680 | |||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,759
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Quote:
https://www.youtube.com/watch?v=QHtDJ7GnjQY Click on the Red Youtube button in the Reply menu and paste that bit in. |
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