Housing Affordability - What's to be done?

[Rooster1908]

Lol Paddo, you are 100% correct. If I was writing a formal email or essay I would have proof read about 50 times. That’s the perfectionist in me. But as this is just the Chookpen, I usually only proof read once. Plus I do suspect my fellow penners kind of get what I’m saying and are not grading my posts for proppa English.

Well I never . Just the chookpen

[mightyrooster]

Well I never . Just the chookpen

Oops. I didn’t explain that very well did I? Hehe. Of course the Chookpen is not JUST the Chookpen but……

[Rooster1908]

Oops. I didn’t explain that very well did I? Hehe. Of course the Chookpen is not JUST the Chookpen but……

Your forgiven and I truly hope you have a spectacular Xma's and an excellent New Year

[Eggspert]

Horse has bolted to do anything about the property market now.
Population growth, generous negative gearing & foreign investment priced the average Ozzie out 10yrs ago.

You needed to be in the game in 2012 before prices went crazy. Now it's predominately the people before that time who sell/buy amongst themselves.

Only rates going up significantly & causing a housing crash could help some but in reality a lot of people make bad money decisions when their young & don't have the smarts to think ahead about their future making home ownership in a major city really hard in later years unless luck, inheritance...etc.. come along.

Don't think taxing the rich more & more to help the little guy will have a significant effect.

[mightyrooster]

Your forgiven and I truly hope you have a spectacular Xma's and an excellent New Year

You have a great Christmas too 08.

[eddie]

Yes definitely Eddie but there seems to have been inadequate preparation for the Immigration influx in terms of infrastructure and when investors can link real estate to their Super you have a real problem especially when the masses vote against their own interests.

Merry Christmas Eddie and the lectures were my pleasure. You may be assured that there will be plenty more to come. I have a lot of work to do here.

Merry Christmas Mr Colt.
I have enjoyed a lot of your contributions.

[Paddo Colt 61]

And to you Eddie. And to the King, Izzy, the Mighty One, Randy, Andy, The Count, Voods and all the Congas. Funny how this season gets to ya - a bit like Ecstasy or so I've heard.

I leave 2022 convinced that I'm just a few lectures away from a breakthrough.

[Paddo Colt 61]

[QUOTE=Eggspert; Horse has bolted to do anything about the property market now.
Population growth, generous negative gearing & foreign investment priced the average Ozzie out 10yrs ago.

You needed to be in the game in 2012 before prices went crazy. Now it's predominately the people before that time who sell/buy amongst themselves.

Only rates going up significantly & causing a housing crash could help some but in reality a lot of people make bad money decisions when their young & don't have the smarts to think ahead about their fu[RIGHT]Don't think taxing the rich more & more to hel[/RIGHT]

p the little guy will have a significant effect.

A bleak outlook Eggsy but sadly the truth. We were a caring society once in that we didn't begrudge tax money being spent on all sorts of services including housing. There were massive government housing departments in all States. Neo Conservatism finished all that. It well may be more efficient and economical but the paternalism of Government which has been a central feature up to now is gone. I also feel that private access to Government money fuels the avarice.

I don't know that we're taxing the rich more and more. There's an industry out there protecting the wealth. The 4% on mega sales is modest at most. It won't happen, it's the Greens trying to build on election successes. After all, the refunds on nil contributions tax proposal couldn't get a guernsey. The Churches, too, are untouchable.

[A Country Member]

Wish I was a multi millionaire so I could live in an effluent area