homes4aussies on Australia's housing crisis (1 of 3)

[tonygian10003]

well constructed arguement

[davfritz]

YOU ARE A CHAMPION MATE!

[mrbendoverful]

Get a hair cut mate

[sighbaru]

Australia the lucky country highest housing costs in the world.Infested with land pimps,greedy guttersnipe land sharks and parasites on the savers of the world.Google in Florida land boom and bust.What goes round comes around as can be seen elsewhere USA etc.

[fox20012]

You can also say that these baby boomers and other speculators often borrow the money from the banks that doesn't exist through fractional reserve lending. So the AH are spending the hard work and wealth of our great grand parents causing inflation!

Just a short sob story :), I have three dependents, earn 50k, pay 25k rent + 13k tax + expenses = save 5k per year!!

Thing is I know what will happen, bubble will pop n govt will fight deflation which would help my family :(, I hate all humans sry

[gollstar]

Greedy old farts,i heard from an old timer that you use to be able to pay of your home in 4 to 5 years with 1 income and have a few kids as well, but the bubble is going to burst, suckers wait till all the curry munchers telemarketing or the other cushygo home,wait till all the dudes in the mining secter lose there 100+k a year jobs and come back to melb or syd and cant find a job paying 25k

[Steven2690]

Yeah thats true my parents payed this house off in about 5 years {Sydney}

The same house would now take you about 30 years to pay off

And my parents arent rich either just average and its a nice house too and only my dad worked then

[takuya2047]

Although I have the same point of view as you,you have done some excellent job to prove it.Thanks very much for sharing.You should talk this on tv.

[brettedgerton]

Response to johntnorth - 1) you say I should live overseas. Please note that I have lived overseas for about 3 years in total including central and northern Europe, and Asia. I consider the situation in Europe, where rental accommodation is owned by large companies, to be far superior to ours with small investors. 2) You say that Australian houses are the safest investment in the world. That sounds to me like desperately wishful thinking! I am confident my views will stand the test of time.

[johntnorth]

Would you rather have a handout? oh sorry you say the investors are getting a handout through negative gearing!How about trying to purchase in Hong Kong, Japan, or Singapore? Australian accommodation is second to none far superior to that of any of the location mentioned above. Also you never mention the Huge shortage of Supply of property across Australia and hence the reason for your rental increase. Jealously is a curse!

[brettedgerton]

Actually, I'd much rather NOBODY GET HANDOUT. That's the whole point! Currently investors get a $9 billion a year handout in the form of negative gearing and CGT concessions. Having rented in Europe, I would much rather the same conditions apply here. And finally, the "huge shortage" is debateable - and even if we do have an undersupply, that could change quickly with shifting economic conditions. Watch my other videos and you'll learn I'm very comfortable and this is about helping others. Thanx

[Steven2690]

Mate your a fucken idiot,

This bloke is trying to educate us on housing affordability, and your accusing him of being jelous of rich cunts like u, why should I as a young bloke have to spend all of my life to pay a house off when it took my parents only a few years, I don't want a hand out, The money I have saved now I would be more than half way to owning an average house outright by now if they were affordable 3 years avg income as he said

[Steven2690]

I hope if the shit does hit the fan and prices fall dramatically rich greedy cunts like yourself loose all investment properties value but if that does happen dont worry good old socialism will be there to bail you out, I bet you hate that word SOCIALISM but dont worry it will become your saviour, just like this bloke said and I will be paying for it, just like they did it to the banks in america

[Wildhiland]

Excellent explanation of the situation regarding negative gearings insidious affect on housing prices. This problem has been escalating for more than 20 years, and has now become so ingrained in our economic system, it will probably take another 20 years to overcome.