Mega Thread The Random Thoughts Thread Part 1

[Eddie Dingle]

Cider is cat urine.

 

[5um0F1]

After reading the old baby boomer/millennials/housing guff I wondered why first time buyers , nowadays, seem to think if they can't buy their ideal home in their ideal suburb with all mod cons the world has somehow ganged up n them to deprive them of their obvoius birth right.

When I got my first house is was in a shitty area, run down and needed TLC but thats what I could afford.
After a couple of years of reno and living in a dump I sold and upgraded.
After a total of 4 moves I got to a house I wanted in a location I wanted.

Property owership has never been easy (well not since I started), houses may appear to have been cheaper but we all earned a crap load less too.
My first mortgage payments were almost 3/4 my takehome pay.

Unless you are rich you start where you can and work up.
80 inch gold plated TVs, rhino leather sofas stuffed with dodo feathers and the latest fully equipped top-of-the-range car need to wait until you can afford them - or, its your choice to rent and blow you money on toys.

<flame suit on>

 

[Magpiespower]

Free travel on trains today. Glad I didn't catch the bus. Do we thank Lonsdale for this?

Also, train drivers, it's not Noar-lutta...

 

[chiwigi]

I've got a ticket and I don't even like them. Should be fun though.

Just don't bring your daughter to the slaughter as you may end up running to the hills.

 

[chiwigi]

After reading the old baby boomer/millennials/housing guff I wondered why first time buyers , nowadays, seem to think if they can't buy their ideal home in their ideal suburb with all mod cons the world has somehow ganged up n them to deprive them of their obvoius birth right.

When I got my first house is was in a shitty area, run down and needed TLC but thats what I could afford.
After a couple of years of reno and living in a dump I sold and upgraded.
After a total of 4 moves I got to a house I wanted in a location I wanted.

Property owership has never been easy (well not since I started), houses may appear to have been cheaper but we all earned a crap load less too.
My first mortgage payments were almost 3/4 my takehome pay.

Unless you are rich you start where you can and work up.
80 inch gold plated TVs, rhino leather sofas stuffed with dodo feathers and the latest fully equipped top-of-the-range car need to wait until you can afford them - or, its your choice to rent and blow you money on toys.

<flame suit on>

This is as untrue as Port Adelaide Est 1997 propaganda is.

 

[5um0F1]

This is as untrue as Port Adelaide Est 1997 propaganda is.

I guess you have parts you disagree with but I'm sure you have no detailed knowledge about my actual house buying experiences or the costs associated with me doing it.

 

[Eddie Dingle]

This is as untrue as Port Adelaide Est 1997 propaganda is.

Why is it untrue?

It's his experience???

I always laugh at "poor" people and their V8 cars that suck nitro like no ones business, their winnie blues at $30 a pack a day, Jim Beam premixed cans at $100 a carton, their latest gadgets including the 400 inch ultra HD tv cos you can't watch a normal size tv and then whinge because they can't afford to live in a decent house.

I'm being oppressed by the man don't cha know.

 

[I Dont Care]

I could live in a tent and be happy

 

[chiwigi]

Why is it untrue?

It's his experience???

I always laugh at "poor" people and their V8 cars that suck nitro like no ones business, their winnie blues at $30 a pack a day, Jim Beam premixed cans at $100 a carton, their latest gadgets including the 400 inch ultra HD tv cos you can't watch a normal size tv and then whinge because they can't afford to live in a decent house.

I'm being oppressed by the man don't cha know.

Of course its true for some, but it is hardly universal or the majority, which is what he is suggesting.

 

[tribey]

Why is it untrue?

It's his experience???

I always laugh at "poor" people and their V8 cars that suck nitro like no ones business, their winnie blues at $30 a pack a day, Jim Beam premixed cans at $100 a carton, their latest gadgets including the 400 inch ultra HD tv cos you can't watch a normal size tv and then whinge because they can't afford to live in a decent house.

I'm being oppressed by the man don't cha know.

Yeah look, I'm leftist by nature but all this "BAWW COST OF LIVING" shit you hear today is absolute muffcabbage.

Sure, council rates and utilities will always be an unwelcome whack for lower socio-economic types, but by the same token, there has never been greater access to welfare of all kinds (i pay tax and have kids, give me my tax back and some AND maintain health, education, roads, police and military pls) and even your average povlov is usually replete with multiple of the following: brand name clothing, Foxtel, 3 or 4 wireless devices, wi-fi, a flatscreen TV or two, a fridge full of booze, smokes, non-generic foods of all descriptions.

Having grown up poor and seen my mother work her fingers to the bone to cling to her home when interest rates were 17-18% - indirectly self-inflicted mind, because her choice of men (chiefly my father) was ****ing terrible - those roughly 35-40 and below who think this a tough economy or a capitalist dystopia are freaking kidding themselves.

As with any given generation there are genuine battlers who are struggling to keep their heads above water, but by and large it's the cost of luxuries rather than living that are the primary issue.

tl;dr took a left turn at albuquerque

 

[Vic_Vinegar]

Midnight Oil reforming with live shows next year.

Best. News. Ever.

 

[Magus]

Why is it untrue?

It's his experience???

I always laugh at "poor" people and their V8 cars that suck nitro like no ones business, their winnie blues at $30 a pack a day, Jim Beam premixed cans at $100 a carton, their latest gadgets including the 400 inch ultra HD tv cos you can't watch a normal size tv and then whinge because they can't afford to live in a decent house.

I'm being oppressed by the man don't cha know.

Yeah, those people suck. However all luxuries aside, the cost of living is a lot higher now than it was for older generations. I know plenty of people that don't live beyond their means, but live from paycheck to paycheck and can pretty well forget about saving for a deposit for a house.

Of course, there's always an answer.to people that can't make ends meet though isn't there? Go to uni, get a better job, don't have kids etc etc

 

[JimmyBeerCans]

I could live in a tent and be happy

On a hill behind the Fox n' Firkin

 

[5um0F1]

Of course its true for some, but it is hardly universal or the majority, which is what he is suggesting.

My intention was not to suggest it was true for everyone, well no more than the current media propaganda that all people who got houses before the current generation had it easy.

Any of my friends that bought houses during that time struggled with payments, interest rates were over 12% I remember it going to 18%. It was not all roses.

One of my kids has recently started this process and he does not find it easy but he brought where he could afford to get a foot on the ladder.
He knows later he will move when he has made improvements to his current house and so on.

Good areas have always attracted a premium and (generally) first-time buyers are priced out of that end of the market.

FWIW I think house prices are obscene, but I also think they always have been taking way too much of people's disposable income just to get a roof over their heads.
I'm just pointing out this is not new.

 

[FromTheHartland]

I could live in a tent and be happy

I lived out of a swag for a year in the sticks. It was effing fantastic!

 

[5um0F1]

On a hill behind the Fox n' Firkin

Don't ruin my view..

 

[Eddie Dingle]

I lived out of a swag for a year in the sticks. It was effing fantastic!

I always wondered what that smell was.

 

[Dylan8]

Of course, there's always an answer.to people that can't make ends meet though isn't there? Go to uni, get a better job, don't have kids etc etc

But of course a lot of getting a better paying job is about who you know and people struggling to make ends meet will probably be time poor and can't attend uni. I can't speak for getting into the housing market but people I know years ahead of me have struggled and continue to struggle (no they aren't bogans spending all of their money on JD and Crusty Demons merch). Meanwhile many boomers sit on investment properties through little risk via negative gearing while those below them can't even get into their own homes.

 

[Magus]

Can I also add, massive HD TV's are so bloody cheap these days and Ruddy bought everyone a few years ago, so no-one can make the "well you've got a $700 telly, why dont you have thirty grand for a house deposit?" argument anymore.

 

[Steve Dore]

I've got sisters and brothers-in-law that are considerably younger than my wife and I and they exhibit a lot of the attitudes towards starting at the top that 5um0F1 posted about. When I start telling them that we bought a run down old house in an, at the time, not popular suburb and worked a couple of jobs while having hand me down furniture, a tea chest with a bit of ply on top for a coffee table, no TV and one car between the two of us I get this;

 

[edgie]

Why is it untrue?

It's his experience???

I always laugh at "poor" people and their V8 cars that suck nitro like no ones business, their winnie blues at $30 a pack a day, Jim Beam premixed cans at $100 a carton, their latest gadgets including the 400 inch ultra HD tv cos you can't watch a normal size tv and then whinge because they can't afford to live in a decent house.

I'm being oppressed by the man don't cha know.

Don't forget tattoos from head to toe and before the last one is dry they're already planning the next.

 

[manureid]

Having grown up poor and seen my mother work her fingers to the bone to cling to her home when interest rates were 17-18% - indirectly self-inflicted mind, because her choice of men (chiefly my father) was ****ing terrible - those roughly 35-40 and below who think this a tough economy or a capitalist dystopia are freaking kidding themselves.

Are you my brother??

 

[tribey]

Are you my brother??

If the legends are true it probably can't be ruled out.

 

[Dylan8]

Anyway the real enemy is big corporations and their almost absolute evasion of tax hashtag feelthebern

 

[chiwigi]

My intention was not to suggest it was true for everyone, well no more than the current media propaganda that all people who got houses before the current generation had it easy.

Any of my friends that bought houses during that time struggled with payments, interest rates were over 12% I remember it going to 18%. It was not all roses.

One of my kids has recently started this process and he does not find it easy but he brought where he could afford to get a foot on the ladder.
He knows later he will move when he has made improvements to his current house and so on.

Good areas have always attracted a premium and (generally) first-time buyers are priced out of that end of the market.

FWIW I think house prices are obscene, but I also think they always have been taking way too much of people's disposable income just to get a roof over their heads.
I'm just pointing out this is not new.

Affordability is at an all time low though. It is at least twice as hard. These figures (2011) have since worsened, hence my point that it is mostly untrue and unfair to say.

Mean mortgage debt to income ratio

Home ownership rate 1982-2011, in percentage terms