Vic Wasteland Thread - 15.0

[alr33x]

Even if this sweeping generalisation is true, what chance are you giving them with such an inflated market?

I'm not a housing bubble person, but we reputably have some of the most expensive housing in the world...that's a huge title to have.

And likely highest wages to go with it can't have one without the other

People are lazy man and you would know plenty of the I'm too good for that job crowd as I do, which has opened the door for Indian and Chinese migrants to come in and take the jobs and flows on to the houses

[joeyjoejoejuniorshabadoo]

Didn't say it's making zero impact but the media are create a half story, in sure your aware all those established properties are 100% off limits to foreigners right? So ok they look Chinese perhaps they are perhaps second generation but they are citizens as entitled to buy as you and I.

Also Did u see there are other nations buying more than the Chinese? Nobody minds the Americans?

Actually the Chinese have overtaken the Americans.

Also it's the second generation buying the property, then breaking it up and selling the lot to internationals.

[Birds]

The wages are not proportionally high. If I could be bothered I'd go searching for that graph that shows the median wage : house price and how much closer it was in our parents heyday, but I'm part of that generation so I won't.

Edit: found an article (unfortunately news.com.au, but the facts remain)

http://mobile.news.com.au/finance/money/years-of-change-what-were-paying-way-more-for/story-fnagkbpv-1227239199146

The ratio has nearly tripled in terms of housing affordability

[Birds]

The point remains, whatever you want to say about a generation of people, housing in Australia is getting ridiculous. It's a problem you should be concerned about, because it means more tax on you to fund the welfare of people who can't afford their own housing, whether they have shitty work ethic or not.

[alr33x]

either way it's a beat up to blame it all on foreigners and ignore every other factor influencing the market and I'm sure nobody will worry if the apartment market falls off a cliff and the foreign investors lose a bunch of money

[Rekin]

I dont understand why you think the Chinese aren't affecting the house prices though Alex? Come sell some houses in the South East, particularly Box Hill and now venturing out into Burwood and surrounding suburbs. You're looking at over 1 million dollars for lots of sub-par houses.

Conflict of Interest - Where do you think his Pay check comes from? Either way, directly or indirectly, Alex is riding the housing boom for all its worth.

No different to me proclaiming the benefits of coal to Australia.

#corporatelyf

[joeyjoejoejuniorshabadoo]

either way it's a beat up to blame it all on foreigners and ignore every other factor influencing the market and I'm sure nobody will worry if the apartment market falls off a cliff and the foreign investors lose a bunch of money

No one is saying it's solely the Chinese causing the issues...

[alr33x]

The wages are not proportionally high. If I could be bothered I'd go searching for that graph that shows the median wage : house price and how much closer it was in our parents heyday, but I'm part of that generation so I won't.

Edit: found an article (unfortunately news.com.au, but the facts remain)

http://mobile.news.com.au/finance/money/years-of-change-what-were-paying-way-more-for/story-fnagkbpv-1227239199146

The ratio has nearly tripled in terms of housing affordability

Yes however those graphs ignore the significant changes of interest rates dual income households been the norm and so on. I can't be bothered on a Sunday going into it further

Believe everything the media tells you if you wish but I can tell you it won't get you any closer to owning a property whining about it

[joeyjoejoejuniorshabadoo]

Yes however those graphs ignore the significant changes of interest rates dual income households been the norm and so on. I can't be bothered on a Sunday going into it further

Believe everything the media tells you if you wish but I can tell you it won't get you any closer to owning a property whining about it

interest rates don't come close to bridging that gap and duel incomes don't mean a thing seeing as both before and after figures are based off a single average wage

[alr33x]

for someone who works in a bank ham you seem to have little idea about this stuff.

If you think buying today vs buying 20+ years ago is comparable it's ridiculous. Average wage is one measure with a favorable "houses cost to much" argument. population increase alone tells a large part of the story to prices

I find it so Strange that they are so crazy unaffordable yet literally thousands of properties are transacting sooo how come they can afford it? Can't all be high income earners.. Reminds me of the bubble thread wonder how those circle jerkers feel about the couple hundred grand they lost by not buying lol

[Birds]

We're actually saying buying house these days vs 20+ years ago is NOT comparable...

[joeyjoejoejuniorshabadoo]

If anyone has no idea round here it sure aint me....

[Birds]

I find it so Strange that they are so crazy unaffordable yet literally thousands of properties are transacting sooo how come they can afford it? Can't all be high income earners..

Are you serious...I just told you that a moment ago

[alr33x]

All I know is I've sold 112 in the last twelve months .. Zero fks given if ya'll poor folk can't afford em. Cos plenty people can and they ain't foreigners

Edited October 18, 2015 by alr33x

[joeyjoejoejuniorshabadoo]

Would you like a medal?

[Rekin]

All I know is I've sold 112 in the last twelve months .. Zero fks given if ya'll poor folk can't afford em. Cos plenty people can and they ain't foreigners

Yeah but how can you use a sample size from one suburb/west 'burbs to represent the buying population of Australia?

That doesn't fly with statistics yo'

Where my statistical brothers at?

[alr33x]

Would you like a medal?

Nah man no need I get paid a truck load for doin it, a medal seems a bit over the top

& birds I talking about factors around buying not just the income to purchase price

[alr33x]

Yeah but how can you use a sample size from one suburb/west 'burbs to represent the buying population of Australia?

That doesn't fly with statistics yo'

Where my statistical brothers at?

That's funny box hill seemed to represent foreign investment for all of australia few posts ago

Edited October 18, 2015 by alr33x

[Rekin]

That's funny box hill seemed to represent foreign investment for all of australia few posts ago

And that's what we call sampling bias.

How good is coal ey

[emts]

I love that is the exact story that AU ahd in laste 80's early 90's when we were going to be bought out by a japanese.

this is a short term thing. some of the big investors in Chain see the market there is about to go to shit so they buying up to protect some money.

when market stabilizes in China they will sell and reinvest at the dirt cheap market there.

(and prob drive us to a new recession like last time but that a different story)