2019 Federal Election

[84 Baby]

Who said anything is wrong with renting? It's a perfect valid option, it just shouldn't be the only option people can afford.

These people:

Yes.

A badge of honour that means many people will never be able to afford a house...how very Republican

Prices are high because people want to live here. Some of them can afford to buy, others can not so rent this fueling more investors to buy in their stead.
The best way to make it more affordable to live within distance of your work is to move the work thus hubs like the Parra Ghetto (shout out to @phantom eel).

FFS when I started working I had to drive uphill in the snow both ways. With leaves for shoes. And I’d eat those leaves for lunch

 

[hindy111]

You also have no kids, or spouse to look after. You work in an industry where you can pretty much get a job wherever you go. I presume no HECS debt eating away at income. Live alone, so bills are less and you can rent a smaller place for less.... Etc

Depends if your spouse works.
Things like rates, insurance, internet,water bill is then a shared expense. Right there is about 6k. And food for one is hard. Plus I need entertainment to stem the loneliness which is also an expense.

 

[Bazal]

FFS when I started working I had to drive uphill in the snow both ways. With leaves for shoes. And I’d eat those leaves for lunch

That's nothing.

I have to travel through Canberra

 

[hindy111]

What the f**k is wrong with renting? Even with low interest rates, the cash yield is better if you rent. You take that excess cash and invest above the capital return of the property market. All of a sudden your ahead of the property market.
Or spend it on classy cars, booze and travel and then whinge you can’t afford to buy

I am currently renting. I personally dont like it. I can't do f**k all with the place and so take little pride in it.My hot water in shower lasts about 6mins and I have no Air con.

 

[Bazal]

Depends if your spouse works.
Things like rates, insurance, internet,water bill is then a shared expense. Right there is about 6k. And food for one is hard. Plus I need entertainment to stem the loneliness which is also an expense.

Yes but two people makes the bills more expensive. Two people need a bigger place than one, usually. That makes rent and bills more expensive again.

Living alone also means you are probably more likely to want extra work. I sure did a lot more work when I lived alone because I didn't have someone I wanted to go home and spend time with

Point is, it's easy to judge without living the same kind of experience as the people you might be judging.

 

[hindy111]

Who said anything is wrong with renting? It's a perfect valid option, it just shouldn't be the only option people can afford.

Odd rant.

BTW my mortgage repayment works out about $200 bucks a month less than I was paying in rent for this house. Which is very common in Canberra with rents being so high, although they have softened somewhat.

And you can have creature comfort and a sense of pride.

 

[hindy111]

Yes but two people makes the bills more expensive. Two people need a bigger place than one, usually. That makes rent and bills more expensive again.

Living alone also means you are probably more likely to want extra work. I sure did a lot more work when I lived alone because I didn't have someone I wanted to go home and spend time with

Point is, it's easy to judge without living the same kind of experience as the people you might be judging.

True. And why I mentioned in my situation. But it's also true plenty of people spent most of there 20s partying and travelling. While others where more interested in working and career focused. And of course those people will take advantage of the others by using wealth as their weapon.

A lot of people worked hard and took risks to start businesses. They then deserve to reap there rewards. And that can means someone works for min wage while the profit from it .

 

[Eelogical]

Sydney and other cities like it suffer from urban sprawl, poor town planning and a losing battle with infrastructure projects. The typical family house on a quarter acre block from decades ago has been replaced by multi dwellings on the same block, thus putting increasing pressure on the transport links that can't keep up with the demand of extra commuters. Meadowbank is a prime example. Out west just take a look at Lalor Pk. Big blocks with old fibro houses on them progressively being knocked down and replaced with unit blocks. While I see Parramatta as an emerging commerce hub I don't see the supporting infrastructure keeping up with the expected population growth working there.

 

[Gronk]

Well I sure have Bill. #boring

 

[Bazal]

Lol

Shorten: *Spends all his time in the media in a slanging match with the Libs*
Also Shorten: "Negative politics is ruining the election!!"

 

[Eelogical]

Lol

Shorten: *Spends all his time in the media in a slanging match with the Libs*
Also Shorten: "Negative politics is ruining the election!!"

 

[strider]

Don['t be a hater @strider . I know you want Hurstville to become the new Parramatta. Maybe you could get a light rail too. F**k it you can ALL have a light rail !

Nothing would make me happier than a f**k load of businesses based at hurstville and me getting a job there. But that wont happen in my lifetime if ever ... it is a dirty crap hole

 

[Bandwagon]

What the f**k is wrong with renting? Even with low interest rates, the cash yield is better if you rent. You take that excess cash and invest above the capital return of the property market. All of a sudden your ahead of the property market.
Or spend it on classy cars, booze and travel and then whinge you can’t afford to buy

There's absolutely nothing wrong with renting, except for all the things about renting that suck balls, like not having a secure home that you know you'll be in until you want to move, or that some years down the track you'll still be renting, and on the pension and unable to afford the rent.

As for the cash yield being better, well there would be instances of that in certain areas, but on average, I very much doubt that is the case. Mind you for most that's a moot point at any rate because as far as investment goes, where are you gonna get better leverage on the finance than has been the case for an owner occupier, and even if you could you'll be paying a premium on the cost of finance.

Obviously, now that the market is falling, that doesn't work so well, and getting a better return is easy. But again, that only holds true because the market is falling now.

 

[84 Baby]

There's absolutely nothing wrong with renting, except for all the things about renting that suck balls, like not having a secure home that you know you'll be in until you want to move,

I guess there’s some certainty over where you are living, but even if you own, you still may not be able to move if you wanted to

or that some years down the track you'll still be renting, and on the pension and unable to afford the rent.

Did they really rent where they should have then? My yield comparison was like for like, but if I downgraded then I’m raking in the dough

As for the cash yield being better, well there would be instances of that in certain areas, but on average, I very much doubt that is the case.

In Sydney and Melbourne, truthfully based mostly on my own research but like for like I was better off renting each place than buying to live in it. It’s part of the reason market low, rental yield doesn’t reflect cost.

Mind you for most that's a moot point at any rate because as far as investment goes, where are you gonna get better leverage on the finance than has been the case for an owner occupier, and even if you could you'll be paying a premium on the cost of finance.

Well we’re not talking about the same level of finance because if people had the funds, they’d be buying a house presumably. Admittedly buying a house is probably “simpler” investment than other investments with lower entry points but research is the cost of the market at the moment.

Obviously, now that the market is falling, that doesn't work so well, and getting a better return is easy. But again, that only holds true because the market is falling now.

Anyone who wasn’t just whining about house prices the past 5 or so years and had been preparing their finances is now well primed to buy in.

 

[Bandwagon]

I guess there’s some certainty over where you are living, but even if you own, you still may not be able to move if you wanted to


Did they really rent where they should have then? My yield comparison was like for like, but if I downgraded then I’m raking in the dough


In Sydney and Melbourne, truthfully based mostly on my own research but like for like I was better off renting each place than buying to live in it. It’s part of the reason market low, rental yield doesn’t reflect cost.


Well we’re not talking about the same level of finance because if people had the funds, they’d be buying a house presumably. Admittedly buying a house is probably “simpler” investment than other investments with lower entry points but research is the cost of the market at the moment.


Anyone who wasn’t just whining about house prices the past 5 or so years and had been preparing their finances is now well primed to buy in.

We could go around and around here, so rather than address all this i'll make just a coupla points.

Firstly, there is a clear historical difference in wealth between those that own their own home and those that do not, I don't think you'd argue that point, and it probably goes a lot to the idea you present of it being "simpler", that is what it is. There'd be many a reason, but like for like home ownership has been very good to the past few generations in terms of improving their standard of living, but that has been at the expense of those coming through, that should prices remain so high, will not see the benefit of this.

And secondly, your last sentence goes to the point of where it's not all bad news, sure, it sucks for those who have bought in over the last coupla years, but there's always winners and losers in investment, the winners now will be more of those that where priced out of the market, at for the most part that will come at the expense of those that have done ok out of it, and end up with a slightly lower return than they thought they'd get. I don't think that's all that bad a thing TBH

 

[Kornstar]

Seriously, will people honestly vote Labor in the election? As i have mentioned i vote Korn cause i hate all politicians but seriously, people would vote for Shorten to be in charge?

 

[Obscene Assassin]

Seriously, will people honestly vote Labor in the election? As i have mentioned i vote Korn cause i hate all politicians but seriously, people would vote for Shorten to be in charge?

People are going to vote for morrison to be in charge and that's a lot worse imo.

 

[Bandwagon]

Seriously, will people honestly vote Labor in the election? As i have mentioned i vote Korn cause i hate all politicians but seriously, people would vote for Shorten to be in charge?

Why not?

 

[Suitman]

Seriously, will people honestly vote Labor in the election? As i have mentioned i vote Korn cause i hate all politicians but seriously, people would vote for Shorten to be in charge?

People are going to vote for morrison to be in charge and that's a lot worse imo.

And this is the biggest problem in this country and at this election.
I've NEVER known a worse lot of politicians in my life time. It doesn't matter who gets in. They are all as bad as each other, and nothing will change. The country will just plod along, so as long as whoever gets elected gets to have a job for the next 3 years.
I'm so f**king sick of politicians.
I'll be signing my name off at the polling booth, folding up the papers I'm given, and walking straight over to the box and slotting them in.
I simply have no faith in either leader or their party to run our country for the better of the country rather than themselves, so I will not vote for anyone.
I cannot believe that politics in this country has stooped so low.

 

[Kornstar]

People are going to vote for morrison to be in charge and that's a lot worse imo.

Why not?

He sounds like a dope. Plus i hate unions........scum of the earth!