Mega Thread The Random Thoughts Thread Part 1

[Dylan8]

It shouldn't take waiting for boomers to sell off all of their investments for housing to be viable for the majority a generation. Stop enabling this shit through negative gearing.

 

[Portia]

Yeah it is sad.

But at least he has made a conscious decision to not let it define him as a person.

You reckon?

He's learned as a kid that the world doesn't give a shit, and that he therefore needs to work EVEN HARDER so if he dies his kids maybe might have the occasional sit down dinner with mum. Pay it forward to your kids, exactly like how the baby boom came about in response to WWII.

Having a baby is a choice yeah?

You do realise thats basically eugenics, right? Just a plutocratic version.

 

[Magus]

Having a baby is a choice yeah?

Carn m8, unexpected things happen.

 

[bomberclifford]

Gen X actually misses out though because they'll probably be too old to enter the housing market by the time boomers croke it in 20+ years

Which is me.

 

[Portia]

My advice to Millenials is just sit tight, you have the sheer weight of numbers, like the Boomers before you, so that when the Great Boomer Extinction Event occurs, you'll be in the prime position to reap the rewards.

You'd think that but we're already seeing that they'd rather sell their investment properties to foreigners for a profit than as a collective group sell their houses to the next generation at a lower sale price.

Millenials won't reap shit unless boomers are `forced' to sell within the same market they bought in.

 

[CrimsonRaven]

Haven't we already established that not everyone living below the breadline is an alcoholic or a compulsive spender?

Not being able to save money might be as simple as having a baby and losing 50% of your income as a couple. Ok, so one of you goes back to work. How much is childcare costing you versus staying at home and being there for your kid?

If you earn the average wage, it's almost impossible to save for a house while renting unless you're a couple without children IMO.

Yep, and good luck if you are single and renting and work in an industry where the best wage you can hope for caps out at 100k or so and the average is around 45k.

 

[Dylan8]

Yeah it is sad.

But at least he has made a conscious decision to not let it define him as a person.

Huh? It literally has. He said so.

 

[Doctor Feel]

Yeah it is sad.

But at least he has made a conscious decision to not let it define him as a person.

That's it. I'm not advocating that the system is perfect, but I am advocating that you can succeed in spite of it. Expecting things to change quickly is unrealistic. Just ****ing get on with it. Oh and "but muh kids" cop out is the worst. Put them off you horny campaigners, you can't have everything - especially all at once. That is and will always be the way of things.

 

[Eddie Dingle]

You reckon?

He's learned as a kid that the world doesn't give a shit, and that he therefore needs to work EVEN HARDER so if he dies his kids maybe might have the occasional sit down dinner with mum. Pay it forward to your kids, exactly like how the baby boom came about in response to WWII..

Wow dramatic much? - The world doesn't give a shit.... He could have sulked, got on drugs, shot up Port Arthur, blamed everyone/society but he didn't. He got on with living.

You do realise thats basically eugenics, right? Just a plutocratic version.

No it's not. It's a life choice.

 

[Magus]

That's it. I'm not advocating that the system is perfect, but I am advocating that you can succeed in spite of it. Expecting things to change quickly is unrealistic. Just ******* get on with it. Oh and "but muh kids" cop out is the worst. Put them off you horny campaigners, you can't have everything - especially all at once. That is and will always be the way of things.

So no-one can expect to have a child and a house and that's ok? Cool, because our bodies don't exactly allow us to put it off forever.

 

[manureid]

Kids were much easier to have when you got the plasma screen bonus.

 

[Portia]

Wow dramatic much? - The world doesn't give a shit.... He could have sulked, got on drugs, shot up Port Arthur, blamed everyone/society but he didn't. He got on with living.

Sure, thats another possible outcome. He chose the one which isn't self-destructive, good on him, and that probably puts him in the lower percentage of people facing that shit. Its still formed by it.

Its like when you go overseas and see kids suffering. Options you might have are to decide to dedicate your life to improving living conditions and lives of others. Or you could come away afraid of poverty, and decide that your kids will never suffer that, and **** anyone that gets in the way of you achieving that. Both defined by the event.

No it's not. It's a life choice.

Saying that if you don't game the system (with all the disprivileges imposed on people who don't meet the ideal in race, sexuality, gender, income class) that you don't deserve to have kids, yeah thats definitely eugenics.

 

[Steve Dore]

 

[Eddie Dingle]

....Saying that if you don't game the system (with all the disprivileges imposed on people who don't meet the ideal in race, sexuality, gender, income class) that you don't deserve to have kids, yeah thats definitely eugenics.

But we're just a bunch of white guys chatting....

 

[Portia]

But we're just a bunch of white guys chatting....

Yeah, no shit. When I deliberately stay out of the conversation and leave you all to it, **** me it gets horrifying in here.

 

[Doctor Feel]

Sigh.

 

[JimmyBeerCans]

What about poor Hammer though.. get around him

 

[bomberclifford]

But we're just a bunch of white guys chatting....

I'm more of a pinkish grey.

 

[Lagooner]

This basically captures it. You can go on trips and spend whatever but understand you can't have it both ways. You build an empire or you live in the moment, completely up to you but the point is - don't get upset when you can't afford a house because "muh cost of living" because you piss your paychecks up the wall or are loaned up to your eyeballs paying for trips, tvs or anything else. There is only so much you can lean on a government in terms of expectations.

Bingo.

When I was younger I sacrified travel to scrape together a depost. Now I'm sacrificing buying an investment property because I want to go away once a year.

Basic opportunity cost. When you choose to do one thing you forgo the alternatives.

 

[Eddie Dingle]

I'm more of a pinkish grey.

Last time I saw you, you had a bleached whale type of hue about you.

 

[Peck]

Buying a house is a daydream AFIAC.

On 500k a year you still can't buy a house anywhere close to the city in Melbourne without saving half your pay for 10 years, or getting a loan and paying that off with half your pay over ~ 11 years.

As an average person you can buy a house outside of the city, spend 3-4 hours a day travelling which has been proven to be unhealthy, and give a shit tonne of your money to the bank through interest over the course of 20 years. And you are precisely ****ed if your circumstances turn to shit, which is increasingly likely as you have less money/family to fall back on.

Renting an apartment in a nice-ish place, not having kids, saving and investing X amount of your money in a "diversified portfolio" seems the best way to leech the system, while resembling a happy person. The fact that even that option doesn't exist for most people is staggeringly unfortunate, but who am I to question a system in which I can be one of those happy leech-people?

 

[JimmyBeerCans]

It's interesting though how many of us aspired to be Jim n' Sally Whitebread with 2.5 kids & a house when we were teenage dreamers... I miss that floating head in wonder clouds n' craving for experiences immature nimrod I once was.

*Well I'm still gloriously immature but ya get the gist

 

[manureid]

Renting an apartment in a nice-ish place, not having kids, saving and investing X amount of your money in a "diversified portfolio" seems the best way to leech the system, while resembling a happy person. The fact that even that option doesn't exist for most people is staggeringly unfortunate, but who am I to question a system in which I can be one of those happy leech-people?

Is that code for drugs, hookers and booze?

 

[Eddie Dingle]

Buying a house is a daydream AFIAC.

On 500k a year you still can't buy a house anywhere close to the city in Melbourne without saving half your pay for 10 years, or getting a loan and paying that off with half your pay over ~ 11 years.

**** me who do you bank with?

 

[chiwigi]

When I say luxury I mean living beyond just working and being a miserable piece of shit. Again, developed nations should be asking for more than just being wage slaves in order to have a roof.

EXACTLY, well done young man! I think this is the SECOND time we have agreed.