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Thread: Breaking news, millenials find a way to drive down house prices.

  1. #1
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    Breaking news, millenials find a way to drive down house prices.

    I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food

    A bookshop is one of the only pieces of evidence we have that people are still thinking

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    The betoota advocate , a fine journal to cut and paste from 🤣

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    Quote Originally Posted by trog View Post
    The betoota advocate , a fine journal to cut and paste from 🤣
    Some of the best satire in this country, if you can recognise it.
    I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food

    A bookshop is one of the only pieces of evidence we have that people are still thinking

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    Always a good laugh.
    + 2016 D4 TDV6

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    aahhh....Betoota....something attracts me to that place.

    I always turn in have look stop and breath in the fresh country air.

    The race track is magnificent as well as the facilities.

    And the locals are friendly

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    Quote Originally Posted by ramblingboy42 View Post
    aahhh....Betoota....something attracts me to that place.

    I always turn in have look stop and breath in the fresh country air.

    The race track is magnificent as well as the facilities.

    And the locals are friendly
    Emus and kangaroos.
    I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food

    A bookshop is one of the only pieces of evidence we have that people are still thinking

  7. #7
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    I feel sorry for them .... How they hell can they afford a house .... well ever. Even with two average incomes. In the baby boomer times, one average wage could pay off a house ( small modest family house in the lower socio economic areas to be sure) ... these days the millennials can't ... even with two average wages.

    They need to immediately remove the insanity called "negative gearing" on houses. Houses are for living in, not so the current retiring generation can retire with several rental houses. We also need to mandate only australians can "own" property in Australia. A home is somewhere to live ... not something that should be driven up in price to stupendous, ludicrous amounts as investments (sure, investing in housing is fine, after all where will rentals come from if no-one owns houses as an investment). NOT with negative gearing, so the upper middle class can buy a rental house or 3 .... and end up paying no income tax as they have written down so many expenses.

    It won't happen though .... 'cos just go and do a google search on how many properties the politicians own ....... They aren't going to stop there own cash cow.

    seeya,
    Shane L.
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    Was talking to one of the younger people at work who was moaning about how house prices here in the U.K. are the highest in the world and out of reach as it was not possible to save a deposit. Now I agree the multiple between income and house price seems too high but we did some quick maths and if he did not buy that new car he was looking at for £350 per month, stopped buying the Costa coffee one on say to work and one on way hone plus had only one overseas holiday in next 3 years would have the deposit

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    Quote Originally Posted by 3toes View Post
    Was talking to one of the younger people at work who was moaning about how house prices here in the U.K. are the highest in the world and out of reach as it was not possible to save a deposit. Now I agree the multiple between income and house price seems too high but we did some quick maths and if he did not buy that new car he was looking at for £350 per month, stopped buying the Costa coffee one on say to work and one on way hone plus had only one overseas holiday in next 3 years would have the deposit
    They all want the McMansion

  10. #10
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    Quote Originally Posted by rangieman View Post
    They all want the McMansion
    There's no way anyone just starting out (or starting over) can afford a place near a major capital these days.

    Things were bad in the early nineties with 17% interest rates and a lot of people lost a lot, but at least the unit cost of an average house wasn't the crazy multiplies of an average income it is now.

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