Boomers deepen housing problems

[Spitty_the_alpaca]

Selfish boomers ain't dying quick enough so their kids can cash in.

Boomers deepen housing crisis by staying in empty nests

Family homes are in hot demand in Sydney. The problem is that more and more of them are not being used by families.

www.smh.com.au

 

[Caesar]

Yeah, my mum lives alone in a four bedroom home. Bit ridiculous - she goes upstairs about once a month - but she likes the location, and since dad died she's loathe to leave her neighbourhood support network.

The main obstacle is the maintenance but as long as you've got the cash, the growth in property prices kind of justify the costs.

 

[Off The Couch]

The constant whining is doing my head in.
Even if I sold my home, it would only be affordable to a top end market and then us moving to the “outer” suburbs removes us access to medical services that we will require as we do age when we can no longer drive.

I want to keep my home so grandkids can stay over, family can still come stay and I just don’t see why I should move just to accomodate the “we want it now crowd”

 

[Hawk Dork]

My dad was alone in a 4 bedder into his 90s
Problem is when you do stop driving the Dr and Shops are still too far away, even if they are only 2 blocks away and your family is scattered all over Australia but he had his neighbours and his friends and relatives until they all died or stopped driving
Sure I will have the ability to order online and do online banking that he didnt but

My plan is to eventually downsize into a very urban area where everything is walking distance Dr, shops, cafe ,restaurants and entertainment and near an international airport and there is no maintenance and it can be locked up for months at a time.

 

[FRUMPY]

The constant whining is doing my head in.
Even if I sold my home, it would only be affordable to a top end market and then us moving to the “outer” suburbs removes us access to medical services that we will require as we do age when we can no longer drive.

I want to keep my home so grandkids can stay over, family can still come stay and I just don’t see why I should move just to accomodate the “we want it now crowd”

Spot on. Just buy what you can afford you complaining w***ers.

Sent from my CPH2005 using Tapatalk

 

[MatthewB]

my mum lives in the house her parents built in the 50's, she has no plans on moving and i doubt she ever will, my sister and i get the house eventually, her neighbours have lived in their houses for years or they have be inherited from family, they know each other and keep a eye out for each other, its 5 mins from the city, has shops and everything nearby, why would she want to move and sell it to someone who would knock it down put a couple houses on it

 

[Power Raid]

Selfish boomers ain't dying quick enough so their kids can cash in.

Boomers deepen housing crisis by staying in empty nests

Family homes are in hot demand in Sydney. The problem is that more and more of them are not being used by families.

www.smh.com.au

time to change our dumb stamp duty laws and replace it with a property tax

 

[burge13]

Spot on. Just buy what you can afford you complaining w***ers.

Sent from my CPH2005 using Tapatalk

This. The stories about "my wife and i earn 100k between us, have 3 kids but cant afford a 4 bedroom house 5 mins from the cbd, its so unfair" are just ridiculous. Theres a few things you could have done differently in order to benefit financially there...

 

[burge13]

time to change our dumb stamp duty laws and replace it with a property tax

We're taxed enough in this country arent we?! Get rid of stamp duty, replaced by nought

 

[Power Raid]

The constant whining is doing my head in.
Even if I sold my home, it would only be affordable to a top end market and then us moving to the “outer” suburbs removes us access to medical services that we will require as we do age when we can no longer drive.

I want to keep my home so grandkids can stay over, family can still come stay and I just don’t see why I should move just to accomodate the “we want it now crowd”

Youth want avocado, mango, latte, a mobile, tv subscriptions, tatts, a sportsbet account, insurance, a credit card

The reality is only 5% of youth, in any time in history can actually afford this and move ahead in life

I know many will say they need these things but then stop whinging when there is an opportunity cost

 

[Power Raid]

We're taxed enough in this country arent we?! Get rid of stamp duty, replaced by nought

yes, government services should just appear out of thin air

can I ask how old you are?

 

[Off The Couch]

time to change our dumb stamp duty laws and replace it with a property tax

there already is - it’s called rates and I pay quite a whack for living where I do. This need at the moment to go after the “elderly” is appalling

 

[burge13]

yes, government services should just appear out of thin air

can I ask how old you are?

Government waste*.

We are taxed up the wazoo. Let people buy their damn house, theyre already taxed on income, gst and pay medicare, council rates, ESL and everything else. Our services are covered 5x over, maybe government could cut down on waste

 

[Off The Couch]

We're taxed enough in this country arent we?! Get rid of stamp duty, replaced by nought

We aren’t actually - taxes in this country are quite reasonable. It’s how the taxes are levied that is the problem. There was a review done and the federal governments have been loathe to implement them because it impacts their donors

 

[burge13]

We aren’t actually - taxes in this country are quite reasonable. It’s how the taxes are levied that is the problem. There was a review done and the federal governments have been loathe to implement them because it impacts their donors

Thats actually more my stance than we are "over taxed" tbh. We pay enough if they distribute it better.

 

[kickazz]

Selfish boomers ain't dying quick enough so their kids can cash in.

Greedily banking on an inheritance is about as selfish as it gets.

 

[utility]

The main obstacle is the maintenance but as long as you've got the cash, the growth in property prices kind of justify the costs.

It's not growth it's inflation.

 

[utility]

We aren’t actually - taxes in this country are quite reasonable. It’s how the taxes are levied that is the problem. There was a review done and the federal governments have been loathe to implement them because it impacts their donors

Ken Henry tax review over a decade ago and not a single recommendation implemented (to my knowledge).

 

[Off The Couch]

Remove franking credits - 123mil a week is what it costs
Just think about how much social housing that builds and how low cost home loans for that housing gets people into their own homes.

 

[Power Raid]

Government waste*.

We are taxed up the wazoo. Let people buy their damn house, theyre already taxed on income, gst and pay medicare, council rates, ESL and everything else. Our services are covered 5x over, maybe government could cut down on waste

I agree with you on the waste issue but we also have to reform tax

there is an over reliance on income, we need to increase GST to 15% and introduce wealth taxes to balance out our tax take

 

[Power Raid]

Remove franking credits - 123mil a week is what it costs
Just think about how much social housing that builds and how low cost home loans for that housing gets people into their own homes.

yep

let's penalise to poor and ordinary and enshrine a class system

not to mention anyone old enough to remember the 80s will understand preference shares will be issued, reducing tax take on companies and working around a dumb ideological misunderstood position on franking.

do you really want a class system for a scheme that can be worked around anyway?

 

[edgie]

City people problems

Sent from my Nokia 7.2 using Tapatalk

 

[edgie]

I agree with you on the waste issue but we also have to reform tax

there is an over reliance on income, we need to increase GST to 15% and introduce wealth taxes to balance out our tax take

GST is a tax on everyone including poor

Sent from my Nokia 7.2 using Tapatalk

 

[Off The Couch]

yep

let's penalise to poor and ordinary and enshrine a class system

not to mention anyone old enough to remember the 80s will understand preference shares will be issued, reducing tax take on companies and working around a dumb ideological misunderstood position on franking.

do you really want a class system for a scheme that can be worked around anyway?

What - you don’t think there isn’t already a class system in Australia

 

[Power Raid]

Ken Henry tax review over a decade ago and not a single recommendation implemented (to my knowledge).

there have been a few including removing the 37% tax bracket

but Ken has recommended a property tax to replace stamp duty and increase GST.

would you support increasing GST and introducing property taxes?