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#1431440 - Yesterday at 11:52 Re: Australian Politics [Re: ColdFront]
samboz Offline
Weatherzone Addict

Registered: 16/11/2014
Posts: 1687
Loc: Between Maffra & the Mountains...
Saw the ABC program last night, no surprises really, its been coming for decades.

Drive around new housing estates, hundreds of 20sq ++ houses, why ?, not needed in reality.

We are shifting soon, very hard to find a <4 bedroom home of under say 15yrs age.

With interest rates from Super Fund OzT the $ return keep us pretty careful with expenditure.

Glad to own everything we have and owe no bstd nothing.
_________________________
Rain 2016 - 753.5mm.
J-173mm F-5mm M-66mm A-32.5mm M-24mm J-88mm J-143mm A-17.5mm S-89.5mm O-53.5mm Nov-61.5mm Dec - 26mm TOTAL 2016 - 779.5MM
Rain 2017. Jan-9.5mm Feb-23mm March-49mm April-40mm May-12mm June-12mm July-15mm Aug 25.5mm to 0900 19th.

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#1431465 - Yesterday at 17:23 Re: Australian Politics [Re: ColdFront]
Locke Offline
Weatherzone Addict

Registered: 27/12/2007
Posts: 4278
Loc: Brisbane
ROFL at it being hard to find a <4 bedroom home. The majority of the population would be hard pressed paying the mortgage on a 2 bedroom unit in any of the major capital cities.

We end up with more and more people commuting long hours to get to their job and working longer hours to pay their mortgages.

This leads to poor eating and exercise habits for people who are time starved putting greater strain on our health care system. The direct and indirect costs related to obesity are putting a horrible strain on our budget.

Meanwhile I would suggest many people have such large mortgages these days combined with limited job security that even a 1-2% interest rate rise will cause absolute carnage.

Not a time to be investing in either stock or property IMHO. Things are going to get ugly soon.

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#1431467 - Yesterday at 18:16 Re: Australian Politics [Re: ColdFront]
samboz Offline
Weatherzone Addict

Registered: 16/11/2014
Posts: 1687
Loc: Between Maffra & the Mountains...
Those people you refer to Locke, they live where they choose do they not.

Self imposed hardship?

Re longer hours to pay mortgage, maybe they could live else where, then buy a sensible size/age house, not hard economics.

Re it getting ugly, the secret is to buy&sell on the same market I reckon L.
_________________________
Rain 2016 - 753.5mm.
J-173mm F-5mm M-66mm A-32.5mm M-24mm J-88mm J-143mm A-17.5mm S-89.5mm O-53.5mm Nov-61.5mm Dec - 26mm TOTAL 2016 - 779.5MM
Rain 2017. Jan-9.5mm Feb-23mm March-49mm April-40mm May-12mm June-12mm July-15mm Aug 25.5mm to 0900 19th.

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#1431469 - Yesterday at 18:57 Re: Australian Politics [Re: ozthunder]
Seira Offline
Meteorological Motor Mouth

Registered: 27/08/2003
Posts: 6972
Loc: Adelaide Hills.
Originally Posted By: ozthunder
More and more people are paying electricity, other household bills and even groceries on credit.

Wow -- if true!

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#1431475 - Yesterday at 21:30 Re: Australian Politics [Re: Kino]
Red Watch Offline
Weather Freak

Registered: 14/03/2010
Posts: 296
Loc: Cranbrook, Townsville
Originally Posted By: Kino
Originally Posted By: Red Watch

You really need to read posts as the article he linked to said
"A decade of housing price rises, low interest rates and relatively easy credit has left Australians carrying the second-highest level of household debt in the world."


I read it and disagreed with it. People getting home loans isn't the same to racking up things they'd like on the credit card (which is also bad household debt).

It doesn't matter weather you agree or not but carrying the second-highest level of household debt in the world with most of that being mortgages is a fact .....period.

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#1431476 - Yesterday at 21:41 Re: Australian Politics [Re: samboz]
Red Watch Offline
Weather Freak

Registered: 14/03/2010
Posts: 296
Loc: Cranbrook, Townsville
Originally Posted By: samboz
Those people you refer to Locke, they live where they choose do they not.

Self imposed hardship?

Re longer hours to pay mortgage, maybe they could live else where, then buy a sensible size/age house, not hard economics.

Re it getting ugly, the secret is to buy&sell on the same market I reckon L.

Yea buy a dump in Townsville for $300K and try and find a job to pay off that loan plus fixing up the place as well. Capital cities have lower unemployment and why should those places be for the well off people only.

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