Non Footy Chat Thread II

[RustedonEel]

Thank you. 42 years.
View attachment 98443

Your poor long suffering Mrs. Living with an Eels supporter for 40+ years

 

[RustedonEel]

I worked in Windsor for a while. The smell of the mushroom farms are still up my nostrils.

Yum ay.

 

[Eelogical]

Your poor long suffering Mrs. Living with an Eels supporter for 40+ years

I told her she can open and consume the Mick Cronin and Ray Price decanters of port when we win our next premiership. She was there with me all day at Parra Leagues in '81.

 

[Eelogical]

Narrowed it down between two places for dinner on our anniversary on Wednesday.

https://www.sandbaryamba.com.au/_files/ugd/ea508b_9236930c690e4508936a3e2ab03faaff.pdf

IN-HOUSE MENU | Sassafras Yamba

Bar & Restaurant located in the heart of Yamba. Serving up delicious hand-crafted cocktails, beer wine and spirits to accompany our mouthwatering pizzas, pastas, chef specials and desserts.

www.sassafrasyamba.com

 

[hindy111]

Maybe the young merkins have conditioned themselves into renting for life so have decided to spend their dollars on RAM's and tattoos.

I don't know if thisnis completely true. I'd lean towards they don't see it as possible to own their own home so spend their money elsewhere. I'd do the same.
But yes they probably do live a more adventurous and fun lifestyle then my parents generation. Overseas holidays, subscriptions to media,TV,music etc.
Dining out and so on so yes I get your point. They do have more expensive lifestyles along with more complicated.

 

[Eelogical]

I don't know if thisnis completely true. I'd lean towards they don't see it as possible to own their own home so spend their money elsewhere. I'd do the same.
But yes they probably do live a more adventurous and fun lifestyle then my parents generation. Overseas holidays, subscriptions to media,TV,music etc.
Dining out and so on so yes I get your point. They do have more expensive lifestyles along with more complicated.

TikTok stars! Surely some on here have posted vids without us knowing. Gym workouts, for instance.

 

[Bandwagon]

I think it's unfair also. I don't know the solution

The only solution is policy that drives down house prices,

How well do you reckon the voting public will reward any government that deliberately sets out to make their most valuable asset less valuable?

Whatever that policy may be, it ain't happening until people are ready to accept that making housing affordable literally means your house will be worth less tomorrow than it is today.

 

[Gary Gutful]

Thank you. 42 years.
View attachment 98443

Nice one.

 

[Gary Gutful]

Narrowed it down between two places for dinner on our anniversary on Wednesday.

https://www.sandbaryamba.com.au/_files/ugd/ea508b_9236930c690e4508936a3e2ab03faaff.pdf

IN-HOUSE MENU | Sassafras Yamba

Bar & Restaurant located in the heart of Yamba. Serving up delicious hand-crafted cocktails, beer wine and spirits to accompany our mouthwatering pizzas, pastas, chef specials and desserts.

www.sassafrasyamba.com

I prefer the menu at Sandbar.

 

[T.S Quint]

The only solution is policy that drives down house prices,

How well do you reckon the voting public will reward any government that deliberately sets out to make their most valuable asset less valuable?

Whatever that policy may be, it ain't happening until people are ready to accept that making housing affordable literally means your house will be worth less tomorrow than it is today.

If it means my kids will be able to buy their own houses then I’d be ok with taking a bit of a hit. It won’t be just my house that goes down in value, so it doesn’t make much difference.
I honestly can’t believe what my house is worth. A two bedroom terrace house with a small garden, no parking, front door literally opens up onto the footpath outside, and worth about $2m. They say it’s worth it because I have a 5 minute bus ride into the city. I only think it’s worth it because there’s about 12 pubs within walking distance, including one about 20m from my front door.

 

[Bandwagon]

It won’t be just my house that goes down in value, so it doesn’t make much difference.

Yeah, if your house is your home, nothing really changes, you still own the same house, you still pay the same mortgage, and if you want to upgrade you are upgrading in the same market.

It is a bit of an issue though for folks who wanna downsize, or folks who go into negative equity. And obviously investors lose our big time, but hey, if you think investment should be without risk it should probably also be without return.

 

[hindy111]

Yeah, if your house is your home, nothing really changes, you still own the same house, you still pay the same mortgage, and if you want to upgrade you are upgrading in the same market.

It is a bit of an issue though for folks who wanna downsize, or folks who go into negative equity. And obviously investors lose our big time, but hey, if you think investment should be without risk it should probably also be without return.

Stagnating house prices would be best or very slow growth. 1-2% a year.
In 7-8 years wage growth average 3.5% a year would mean a 15% difference.
That's a few hundred a week people would be better off

 

[Bandwagon]

Stagnating house prices would be best or very slow growth. 1-2% a year.
In 7-8 years wage growth average 3.5% a year would mean a 15% difference.
That's a few hundred a week people would be better off

That'd be a start, but really 15% is nowhere near enough to make housing affordable.

 

[Poupou Escobar]

We all use a different road to get where we're going. Mrs Eelo and I lived lived in a flat in my parents backyard for six months, then rented an old fibro house at Mortlake off her parents for 2 years while we paid off the block of dirt we bought at Oakhurst. We used that as a deposit for building a new home.

So you're saying you didn't live in a 3 bedroom townhouse walkable from amenities and all your favourite cafes and wine bars? Because that's how good the kids think you had it.

 

[King-Gutho94]

I only think it’s worth it because there’s about 12 pubs within walking distance, including one about 20m from my front door.

Do you ever got "lost" on the walk home with all these pubs around

 

[hindy111]

That'd be a start, but really 15% is nowhere near enough to make housing affordable.

25% would be affordable I think. That would bring your basic 3 bedda in western suburbs into the 700k range which is achievable for plenty.
Nobody is voting in anyone who crashes the housing market to much. 15% over a time won't be notcied

 

[hindy111]

So you're saying you didn't live in a 3 bedroom townhouse walkable from amenities and all your favourite cafes and wine bars? Because that's how good the kids think you had it.

How's Canberra's lifestyle,

 

[Poupou Escobar]

I don't know if thisnis completely true. I'd lean towards they don't see it as possible to own their own home so spend their money elsewhere. I'd do the same.

I had no chance of buying my own home either, at least not one I wanted to live in with my kids, so I invested in the share market for eight years before buying my first place. I would have much preferred buying a suitable place at the start and just paying it off (which is the 'easy' option) but I couldn't afford to, so I rented while building a deposit through investing (not saving). Merkins giving up because they can't have everything they want right now deserve the situation they end up in.

But yes they probably do live a more adventurous and fun lifestyle then my parents generation. Overseas holidays, subscriptions to media,TV,music etc.
Dining out and so on so yes I get your point. They do have more expensive lifestyles along with more complicated.

They certainly don't seem to be willing to make any sacrifices, although to be fair, I wasn't either until my mid thirties.

 

[T.S Quint]

Do you ever got "lost" on the walk home with all these pubs around

I occasionally have to get out to ‘walk the dog’.

Thing is I don’t have a dog.

 

[Bandwagon]

25% would be affordable I think. That would bring your basic 3 bedda in western suburbs into the 700k range which is achievable for plenty.
Nobody is voting in anyone who crashes the housing market to much. 15% over a time won't be notcied

700k with a 20% deposit = 560k at 6% is $3358 / month. over 30 years

950k with a 10% deposit = 855k at 2% is $3161 / month over the same 30 years.

So that would mean, all else being equal, that if house prices had dropped 25% odd over the last three years, they'd still be less affordable now than they were prior to the price drop.

But of course prices aren't falling