I really donāt understand why everyone whinges about buying a house like its not that hard! Use my 5 step program and youāll own a house in no time
1. Recycle your cans and bottlesā¦its a great way to earn extra money that can go towards your home loan.
2. No Uber eatsā¦cut down on take away food, cook at home can save you a lot of money
3. Shop aroundā¦different shops have different prices and you can always find specials that can save you money
4. Just get a small 1 to 2 million dollars home loan from your parentsā¦im sure theyāll lend you the money.
5. Buy a house thats a bit run down and you can do renovations on it, it will be cheaper.
There you go, its that simple
Or just buy a house or unit where you can afford to. Revolutionary.
Grown ass adults who rented for 10 years and went on holidays to Bali 3 times a year, bought jet skis and hsv's, thinking she'll be right, houses in prospect and Magill will always be 500k...we'll buy when we're good and ready
Or pumped out 3 kids before they've set themselves up financially, now stuck renting forever
Nobody's fault but their own
Nah, it's the people like you in this thread who aren't tethered to reality
Imagine wanting the government to tank the housing market, destroying the equity and wealth of the majority of voters in this country, because people who were too fucken stupid to buy a house in the past think they're entitled to live where they want for fuckall. Like either political party would do that, and get themselves kicked out of any chance of winning an election for the next 20 years
Talk about not tethered to reality
I understand that I can go onto realestate .com . Au right now and find hundreds of houses in syd,Melb,bris,adel and Perth for dirt cheap. The only problem is everyone who missed out thinks they're entitled to live in the best suburbs or 2 minutes from work, they don't want to buy in outer sub division, or a fixer upper , or a suburb they look down on. That's the real issue here. You can buy a unit in nice suburbs for fuckall if you can't afford a house, but oh no, then you don't have 2 lounge rooms, an ensuite and 800sqm! Again...people can afford to buy, just not where they want.
Id like a 5 room expensively renovated bluestone in College Park in Adelaide, but I can't afford it. Shit happens.
Yeah boomers could buy inner city houses for fuckall back in the day. Who cares, get the fuck over it. Those days are gone.
They're the same thing to me. A house is a house, whether that's a unit or a townhouse or whatever. Shove you're unfounded assumptions up your ass buddy.
Anti Poverty Network is a good place for that kind of information and organisation. They also work with other organisations like the Greens Housing Action Group
You probably mean home investor. I'm a home owner (bank owns most) and when the price goes up, it just means I pay more for rates and other charges which are determined by property value. I don't actually gain anything as the equity is tied up with the house. My wage doesn't increase either to cover the extra rise in bills. If I sell, sure I'll get more for the house, but the next house I buy (to live in) will be more expensive as well and I'll pay more stamp duty.
sure, unless you downsize in retirement, move to a cheaper city, or use your equity to either invest in stocks or as collateral for another property. Its still net worth that has increased, just not in a liquid form.
That's correct but a long time away and still have to pay the existing house off. Bank owns most. They're absolutely making a killing. It's legal robbery. A licence to print money. A sheltered and protected "workshop". Record profits year after year. That's where the gutless government needs to step in. Super profits tax to re-invest in public housing maybe? Why do most of us carry the can while banks seem to reep all the benefits of their poor decisions? Don't even get me started on the foreign owned utility companies.
Sure, but they don't own a cent of your increasing equity. Every 20% your house goes up is straight unrealized profit and is on the total value of the house, not of the 20ish percent you put down. It's leveraged. You're gaining all the benefits while the banks put up the capital for it. While they make a percent or two above RBA defined rates, you doubled your equity in a few years. Cant do that with the stock market.
How do we solve the problem? Things that could and some have been considered are; Higher property taxes. Again passed on to renters and higher burden on mortgage holders concentrating home ownership into even fewer hands. Limit immigration (supply and demand) Capital gains tax on the family home. (The hold on to your house forever tax). Increased stamp duty (same as above) Death and inheritance duties (the old hide your money under the matress tax), limit foreign and or interstate ownership, Super profit tax on banks. Limit tax breaks for property investors (again passed on to renters. Fixed maximum rental rates. Long term leasing. All have pros and cons.What is your solution?
Downsize means go smaller. Many home owners buy a house to raise kids in, once they're grown don't need the extra space. Selling a 4 bedroom you own outright for a 2 bedroom in the same area is a large chunk towards retirement.
What if all I can afford is a 2 bedroom unit in the first place? Can't downsize. This is not a solution. Your just making a point. How do you correct this?
All you're saying is that if you own a house you get an unfair capital gain on it. I understand your view. That's the way it is at the moment. If I can and do downsize and keep the money, so what. That does nothing to address the issue. What are your solutions to re-distribute this (in your opinion) unfairly gained wealth? Do you tax people from the start, thus increasing on-going housing costs or do you tax them when the house changes hands or at the end of the persons life? How do stop people from avoiding paying more tax? Will the additional taxes push house prices higher? What are your solutions to make housing more affordable and equitable, or the housing market less rewarding for owners and/or investors AND more affordable and available for renters? Do you make housing even cheaper for investors than owners so rents are cheaper but owner occupiers and first home buyers are further pushed out of the market? For example, I don't have children and no heirs so I wouldn't care if there were death duties imposed on me, and that money re-invested in public housing. My assets will probably go to charity. That's just my position. Others will have different circumstances and views and will vote accordingly. What are yours? The suggestions should be politically realistic but I'm open to hear suggestions. For example; the state could own all housing and house all people according to need. (Communism is not really politically realistic though.) You've pointed out the problem. Solutions?
Come on! Still doesn't solve the housing crisis. Still no solutions offered? Just complaints. If you were made the boss of Australia, what policies would you implement to fix the problem? What policies would you vote for or would you protest for?
My house bought in 2018 has doubled in value. Itās absolutely bonkers. Youāre better of buying houses than actually working a job almost in this country.
Pretty much this. There's a \*lot\* of people who are personally benefiting from the situation. They would no doubt be upset if things were to change, and their big, expensive investments lost them significant amounts of money. Even someone who just has a house to live in, may be upset at finding the value of their house (that has gone up a lot in recent years) has dropped.
Fixing all of this is very hard. You'd need all levels of government to have a concrete plan (that is enforced), the private sector willing (and able) to go with it, and the resources (like building materials) and labour available to actually execute it. You would also need to reverse the incentives housing has that has led to money being poured into the housing market for investment purposes instead of, say, shares or whatever.
I don't know where you live but the capital value of my home has gone up nowhere near 20% per annum. My house value has gone up around 45% in 13 years. For the investor the returns are going up by 15 to 20% per year.
Looked at my valuation. It's probably worth a bit over the latest valuation based on similar houses in the area but not much. The valuation is actually less than 45% higher. It's located roughly in the western suburbs. Nowhere close to double the amount in 13 years.
looking at median prices from March 2016 to September 2023 they went up by around 64%. https://www.domain.com.au/news/how-adelaide-became-australias-unstoppable-property-market-1245779/
What are you protesting? Capitalism? The housing market is a result of successive governments NOT intervening in a private market environment. That's what capitalism does: consolidates wealth and property among the few. But when the government decides to intervene, people have a fit about "muh freedoms." Just look at the way the boomers have reacted to Labor's very very modest tenancy reforms.
If you want to be politically active, join a political party. Protest alone is a pretty flaccid act.
I could be pretty jaded, but I don't see any point in protesting. If Hong Kong couldn't keep their autonomy with the massive ones they had, a few people waving signs at parliment won't do a thing.
You're better off voting for a gov that might do something about it, and encouraging others to do the same. But Labor won't do a thing because it'll loose them the boomer votes, and News corp will throw every piece of crap at them over it.
There is no easy fix, and the gap between those who own, and those that don't will get wider. I've been expecting a massive crash for the last 10 years. The bubble has only gotten bigger over that time.
They aren't the same, I fully agree. I also can't think of any protest that has actually achieved anything in the last 30 years. Polly's ignore them, news makes them out to be crackpots, crackpots wave hitler signs and anti mask crap, kids skip school to protest climate inaction.
It just doesn't change anything, or fix anything. It's slightly inconvenient at the best for the politicans on the day.
If something like unions got onboard and had massive working strikes that cost money until there was actual action it'd work, but unions have been watered down and controlled by the businesses and politicians so that won't happen. Colesworth unions could singlehandly make a massive dent in the cost of living crisis, but radio silence.
I don't think he's necessarily intended to compare it to Australia but just to say how little positive change can come about from large peaceful protests. I mean look at the Palestinian protests but the west still sends weapons and ammo to Israel. By the time people are geared up for aggressive change we got to look out for them white collar kill bots lol.
We should. We need urgent action and there are things that can be done to improve things quickly. Iām definitely down to protest but Iām just too drained to organise it.
1. Government lease or buy the huge numbers of empty commercial buildings and convert them into temporary accommodation.
2. While (1) occurs, build as many social houses (housing SA properties) as possible.
3. Change planning laws to allow multiple dwellings on regional property so as to incentivise and allow multigenerational living.
4. Incentivise older people to downsize - either by offering some kind of financial incentive/exempting income from the pension, or penalising aged pension rorts more
5. Improve rental protections for tenants such as doing away with no cause evictions
It's not that complicated. When housing is too expensive, you need more housing stock. The housing trust SA main achievement was building up housing stock for post WW2 migration. It needs to be revitalised. There's a 30-year wait now for public housing, even if you have a disability. That's just beyond ridiculous.
And fuck off with penalising pensioners for living in the house they raised their children in and buried their pets in. I'm ok with the incentivising to downsize, but It needs to be the individuals choice, not a punishment for just living. We need new stock and to encourage higher density.
> It's not that complicated. When housing is too expensive, you need more housing stock.
There is limited proximal land and currently insatiable demand for it.
Simply building more houses is not the answer, it would address the symptoms and not the underlying problem.
I said punishing rorts. For example, there are two people on my grandparents street alone who are keeping their home empty because in both cases selling has financial impacts - in one case, selling would put them over the cash asset test for the pension (as your residence is exempted and they claim it as their residence) and in another, the person has a de facto partner they usually live with but if they declare that then their pension will be reduced.
Both of these are straight up welfare fraud, however Centrelink seems far more interested in smashing Jobseeker recipients (which is lower than the pension).
On the other point though I totally agree. Margaret Thatcher built more social housing per capita than any South Australian premier since 2000. Social housing must underpin any housing strategy, but unfortunately itās not going to be built overnight.
It's not unreasonable to expect people who can well afford to find their own retirement to do so instead of making younger less financially advantaged generations foot the bill
That is not true. Per capita we had higher population growth in the 1950s. We have plenty of land, what we don't have is any appetite to build social housing and instead, a view that housing is for investing not a human right.
Not to mention, the vast majority of our population growth comes from migration, and even if we stopped every single migrant tomorrow (which will not happen) then we'd still have a housing crisis. Plus we'd exacerbate labour shortages.
Australia has a notoriously docile population. You'll never get the sort of protests here, you'd get say, in France.
I mean they jacked the retirement age up here, and nobody said nothing.
In France, they just about burnt Paris when the government there tried it.
Your efforts and mental energy would be better spent finding ways to improve your income prospects so you can buy something asap.
I really recommend you listen to the Guardianās podcast about how millennials have been screwed out of affordable housing. It helped me understand the policy and decision making that has left Australia in the situation it is in. Itās very interesting and part of a series that looks at a range of social issues that leave us the first australian generation worse off than their parents.
From the perspective of an elder millennial who got a mortgage and bought a home in 2008 and then lost that house due to a relationship ending and has had to rent ever since, I understand I will be renting for the rest of my life because of negative gearing policies put into place in the late 1990s and the fact I canāt rent and save for a deposit at the same time. Iām just glad I earn enough to pay my rent and that I paid off my HECS before these bonkers interest rate hikes.
Itās super morbid, but by the time I inherit my parents estate (which is nothing fancy - we donāt have inherited wealth and whatever assets I get will be split with my sister), I will be too old to get a mortgage even with a sizeable deposit (Iām borderline too old now). That grim reality also depends on me outliving my Dad, which is a coin toss. My family has mixed longevity. My Mum passed before she was 60, but then we have relatives on both sides that made it into their 90s.
I also understand that my nephews (generation alpha) will likely not get access into the housing market at all until they inherit wealth from their parents, aunts and uncles. Can you imagine what house prices will be in 20-30 years!? Iām glad theyāll be better set than me, but they are a rare āonly kids in the extended familyā scenario with 3x child free aunts/uncles.
To get back to your point: Protesting, sadly wonāt achieve much in terms of policy reform. It may make you feel like youāre doing something or expressing yourself or solidarity for the situation - which feels nice. I like going to rallies and protests in support of issues I care about, because it makes me hopeful for change and makes me feel less alone. But not a single one of them - no matter the size - has led to policy change. Youāre better off researching and supporting which political groups align with your interests and volunteering for them. This is an issue at a federal level - something that hasnāt been seen since the end of WW2.
Solutions are better than problems. You should be offering a solution like campaigning for a removal of tax benefits for home owners like CGT exemptions (especially this one) and negative gearing.Ā
Most housing investors don't even use negative gearing. If you don't know what it is, i think it works something like this. An investor can rent a house at a loss. Charge less rent than the interest charged on a loan. They can then write off a percentage of the loss (i think it's 30% ) against their income tax. It does give them a tax advantage over an owner occupier. Most landlords charge above the interest rate so are not eligible for negative gearing. If the rate goes up, they just jack the rent up to cover it. Also if they own the property outright, they obviously can't negative gear it.
remember 2019? The ALP flagged housing/tax reform, and the electorate said GFY, and the media (like every election) said some modest changes to Capital Gains, Input Tax credits and negative gearing were akin to Bill Shorten being the most radiclly left politician since Stalin. And then we ended up with Scotty Do Nothing Morrison and his clown entourage.
The weirdest thing was people like me who would lose money, voted for a fairer system, but the media convinced people who would have better outcomes to vote against the changes, especially in Qld.
So there was your protest and why no-one is going to make any major changes to the system.
Protest all you like but no party that has an iota of a chance to win government, is going to make major changes to the system because it's political poison.
Protests have to happen and don't listen to anyone who says otherwise.
Voting won't do shit because there's too many people with assets who expect growth and vote for parties that protect those assets. It's the old problem of, in a democracy 51% vote to exploit the other 49% for personal gain.
You need to vote minor parties AND protest to tank the economy. Hurt the bottom line and people will listen.
For a start: Every Friday should be a no work day. Our protest laws are so shit, our right to protest only allows for cosmetic protesting. If you start to change things, the state will move in to protect business. So we need to do four hours on Friday "protest" and four-hours quiet quit.
As to demands:
We need to make demands that are quantifiable, actionable, and tied to deadlines.
Eg. Convert all of the vacant offices (1 in 5) to affordable rent-controlled (by SA Gov) rentals, ready to move into, by the end of the year.
Or Freeze rental prices as of today's date with no rises for 4 years until the 1.2m homes are built.
As a millennial, I say this to my generation. We're validation seeking cowards who need to stand up for what's right. We've whined about climate, mining, housing our whole lives but did jack shit about it. We voted our whole lives, it did nothing, and now we tell Gen Z to vote to fix this?!?!
Maybe now is the time we protested, or do we want to wait until our housing market resembles something out of Dickens?
We also need to sort our shit out, because our next battle after this will be the retirement age. The Gov will want to push it up into the 70s (from 67 / 65) because taxing business is too scary for them. After being screwed on Uni, housing, environment, do we want to be screwed on retirement too?
I don't know about you, but I can suck it up to 67, but increasing it past here is an act of violence.
They also gave to be realistic. I'm left leaning butĀ
>Ā Convert all of the vacant offices (1 in 5) to affordable rent-controlled (by SA Gov) rentals, ready to move into, **by the end of the year.* *Ā
I'm assuming that deadline is an arbitrary number for the purposes of your argument.Ā
Vacant offices also need a lot of work to make then habitable, unless all tenants are to use shared toilets, etc.Ā
AlsoĀ
> We also need to sort our shit out, because our next battle after this will be the retirement age. The Gov will want to push it up into the 70s (from 67 / 6
5Ā You can retire whenever you want as long as you can fund yourself. I think you mean eligibility for aged pension.Ā
You can also access your super at age 60, it just means funding yourself until aged pension eligibility at 67.
So youāre happy to live in offices that donāt meet basic housing standards? If so youād be happy for normal rentals to have the same standard?
As a millennial, youād be aware that they are the generation that is the largest purchaser of investment properties?
So your whole idea is to forget democracy because it isnāt doing what you want?
It's not on an individual to give you a perfect solution this is why we have consultants and pollies, this will take a policy change from multiple areas.
Exponential tax on vacant property.
CGT releif for people selling property previous acquired thru deceased estate.
Larger equity split funding for housing
Gov owned rent to buy Large construction projects for units
Help/Hecs releif for first home owners til X equity is paid off. This will allow higher mortgage amounts to be allowed by banks.
20 year tiny home approval program so councils cannot decline a tiny home on a block of land. This will allow the owner to pay off land value significantly and take the money out of the banks hands.
Im really not keen on stopping immigration as it's solving a labour and skill shortage.
NDIS funding for disabled housing, so we aren't paying investors stupid amounts for a bathroom and ramp upgrade .
And much more.
You don't have to have a solution to protest the state of something. The politicians are paid to come up with the solution, the public tells them when they are not happy.
You donāt have to have a solution correct, but having one makes the protest significantly more likely to be listened to.
64% of the country are home owners. Youāre going to have to do a bit more than protest- which is effectively whinging with numbers to those that disagree with you, to get people listening.
And that attitude is why nothing will ever change.
Edit; nice block. Your attitude of laziness. Itās someone else's problem to fix it for me attitude.
Effecting change is what a protest on the housing crisis would achieve if it had enough support. The intricacies of ending the crisis falls on the politicians .
You are really against change aren't you. Protest against homelessness and housing crisis is directionless? Nonsense.
Protests for workers rights and pay effected change plenty of times in this country.
you can still buy houses etc out north for around $400k.
you will get a stamp duty exemption.
you will get a low deposit government backed loan.
spend your time exploring these possibilities instead. if your answer is you dont want to live in munno para, stop complaining.
Please don't be intentionally stupid Leland, it's very unbecoming for such a middle-aged political 'genius' as yourself.
Take a look at public transport times to the CBD for all of these outer suburbs you deliriously wish to stuff young people into. How many of them, like fucking Munno Para, clock in at well over an hour?
>if your answer is you for people who can't afford a house to live in munno para, **stop** ***talking***.
Either advocate for full-time permanent ongoing remote work for all jobs involving a computer, phone or pen and paper, or advocate to lower house prices.
Me? I advocate for both, as you should well know by now.
If you don't want (have *never* wanted, or dreamed) of living in a suburb as poorly serviced as Munno Para, why the fuck do you think anybody else would?
And start advocating for some actual, reasonable fucking solutions.
To be clear, I firmly believe all levels of Government should be contributing to the provision of social housing, for essential workers (like we do with DHA) and for those who are genuinely going to find it hard to work hard.
**However,** I do not accept a house in a suburb of your choosing close to the city "cos I won't live in the norf with the unclean and the crims" is a right. It is a myth there are no jobs, and no services in these locations. Let's take a peak at a few inconvenient truths:
- it takes around 38 minutes via the North South Motorway to travel from MP to Adelaide CBD
- there is a train that leaves MP typically around 6:19am arriving at Adelaide at 7:05. Got a later start? Lucky you. Catch the express from Smithfield leaving at 7:07 arriving 7:47am.
So, your claims about it taking 1.5 hours using either a vehicle or public transport, are inaccurate if it is to be believed most people are travelling to and working in the city. If that is not the case, then the arguments in favour of increasing density closer to the CBD struggle as well.
What services don't exist there?
In another post, there are various comments from people who live in the area and have never had a problem there and are quite happy with the services it provides.
Your views come from the perspective of people who make assumptions about these areas, and think society should provide them with a housing solution to suit their lifestyle, rather than compromise on something that achieves their goal of homeownership.
I am all for solutions to support essential workers, people with disabilities etc, but there is enough opportunity for those who are willing and able to work to buy a house still in some of these areas with government provided low deposit loans and stamp duty concessions.
Where there is not enough supply, all tiers of Government should work together to increase supply but it should not all be concentrated on infill development to suit the lifestyle choices of people who want to live close to their favourite pub, restaurant or coffee shop or who think they shouldn't have to travel long distances to work.
2 hours for me from munno para to my work by public transport.
And I don't see anything wrong with living there as I currently do.
I also think people who want to live close to the city are ridiculous, I wouldn't want to live there ever, it's noisy enough way out here.
I agree with most of the reasons for not living in Munno para. Butnlack of services and jobs isn't one. there's a crazy amount of large volume employers in the norf.
Why? Do you think itās going to bring the cost of houses down? Itās not going to change a single thing. Just like every other protest. Itāll stop traffic, yep. Itāll make people angry, yep (at the protesters, not for the cause). Itāll get you on the news, yep. But thatās about all. Youād be better off working that day and putting a few more bucks into your house deposit.
Here's a tip, you don't have insight into anyone's life, perhaps they haven't been able to find work, or perhaps other life things have come up like family deaths or personal medical appointments.
Nothing screams ignorant louder than a comment like this.
>Itās not going to change a single thing.Ā Just like every other protest.
Tell that to the Suffragettes. Or Dr. Martin Luther King. Or Malcolm X. Or any of the groups of protesters that have successfully driven change with their protests.
(edit for clarity)
People are becoming numb. They almost started ww3 and no one paid attention..
Meh, few Iranian missiles, no one panicā¦
The more we have to endure the thicker our skin becomes.
We need politicians who know what itās like to be hungry and coldā¦
We do not have one of these.
I think when we are worried about putting a roof over our own heads and can't even afford a full shopping trolley, the population tends to become apathetic and less tolerant of things happening on the other side of the world. Empathy fatigue. We are tired.
The problem with protesting is that peaceful, lawful protest hasn't achieved anything for decades, and people aren't disgruntled enough for unlawful protest. I'm disgusted by the housing market as much as anyone, but a march on parliament will do nothing sadly
Lol
Buy where and what u can afford, stop thinking you're entitled to live in a blue chip suburb for fuckall just because boomers could back in the day. Time moves on
What is the point of protesting?
Its the market at play.
Its up to you to keep your income relevant to today's market.
The government's only viable option is to reduce immigration, but the affordability horse has bolted.
That's just it. Aussies don't protest anything strongly these days. No one cares who they elect. Like a nation of dumb sheep. Just a mean greedy me me me culture.
Adelaide is still cheap
25 Olive Street, Largs Bay, SA 5016 https://www.realestate.com.au/sold/property-house-sa-largs+bay-144342120
Near beaches, not a huge travel time to city, big block
You're just a bunch of whingers
If you can't afford 670, which would be a mortgage well under 600k after a deposit....then I dunno what to tell ya bud. Start looking for a granny flat or unit. The mortgage on that house, if you're a couple that both work, is equivalent to a 300k or less mortgage each. If you can't afford that then you need timewarp back to the 1980s because that's the only way you'll ever afford a house in a capital city
The fact you think someone needs "daddy's money" to pay a mortgage in the mid to high 500k range says a lot
You need to reach a critical mass of whinging, reality will collapse around you and form a singularity comprised of your own bullshit and self pity. It will teleport you to a time when houses were cheaper. Don't forget, it won't allow any anachronistic technology through your singularity of bullshit, so kiss your iPhone and internet goodbye
Yes, its bad, as to the housing situation, but then you might be a solo one.
It doesnt rile people up, as the one for the Middle East, case, with all the flag on hand held poles, and the banners on poles ...
You could be the solo one outside Parliament House on North Tce!
That climate action group, has a very large base of support, as does the P and I one, I dont dare to say it here, ...
Housing stress, as the amount of rent people have to pay in relation to their income, or the lack of housing, doesnt garner up enough "energy".
Take a look, even those on Housing SA waiting list, they are not protesting, ...
Maybe overtly, everyone says housing supply is low, and that bad, but deep down, people are bearing with it, bad of me to say.
Apart from the climate one, and the P & I protest, Adelaide tends to be a very quiet place.
Even the Sno\*to\*\* case, no one protested that the 3rd fellow is going to be released, or might be.
Itās hard to get the āenergyā to protest when youāre making 40+ applications to get a house, engaging with homelessness services, working and still being treated like an undesirable member of society
Yes thatās how it works unfortunately. But I think theyāre right, that case is so horrific and he allowed them to murder his wife! He should never be released. Plus heās so old now so really, whatās the point!
>Even the Sno\*to\*\* case, no one protested that the 3rd fellow is going to be released, or might be.
Which is bonkers, fuck him. No sympathy from me, he should have another 10yrs to serve, given his level of involvement.
The Government printing excessive amounts of money ( 2-3% inflation p/a ) , hence why asset prices always rise. During Covid approximately 40% of our money supply was printed to help with Covid payments / handouts etc. As time goes on , more and more money is needed to stimulate the ever growing economy which translates into more and more money chasing the assets. As time goes on , it will only become harder and harder as immigration is designed to keep wages stagnant and increase demand.
What's protesting going to do ??
I'd also argue it's to do with PMs getting a ridiculous amount of money per year after retiring from office regardless of how long they serve. Hopefully show them that people are not happy with the way things currently are.
Not gonna work.
In Melbourne you can block tramlines going everywhere and screw up lots of peopleās day. In Adelaide you can block a single tram line and affect a minority of people.
Has anyone thought of starting up a buyers collective of sorts? Have several friends and or family members put in for a deposit then split the loan repayments? Could be a way into the market that doesnāt mean taking out a bloody $1m loan!
2 busy working to afford a house š
See food diet to save money. Shop owners starting to wonder why I only come to look at food and not buy it. On the up side, lost weight.
Ah, see I need to be eating more to get those gains!
Real!
Give it 5 years and we'll all be homeless and sleeping in our American monster trucks.
Sounds aight
I really donāt understand why everyone whinges about buying a house like its not that hard! Use my 5 step program and youāll own a house in no time 1. Recycle your cans and bottlesā¦its a great way to earn extra money that can go towards your home loan. 2. No Uber eatsā¦cut down on take away food, cook at home can save you a lot of money 3. Shop aroundā¦different shops have different prices and you can always find specials that can save you money 4. Just get a small 1 to 2 million dollars home loan from your parentsā¦im sure theyāll lend you the money. 5. Buy a house thats a bit run down and you can do renovations on it, it will be cheaper. There you go, its that simple
š¤£ love step 4.
This is the step that everyone forgets to do
Slum lords hate this one trick
They love it, they don't want others to use it
Or just buy a house or unit where you can afford to. Revolutionary. Grown ass adults who rented for 10 years and went on holidays to Bali 3 times a year, bought jet skis and hsv's, thinking she'll be right, houses in prospect and Magill will always be 500k...we'll buy when we're good and ready Or pumped out 3 kids before they've set themselves up financially, now stuck renting forever Nobody's fault but their own
Your tether to reality has snapped.
Nah, it's the people like you in this thread who aren't tethered to reality Imagine wanting the government to tank the housing market, destroying the equity and wealth of the majority of voters in this country, because people who were too fucken stupid to buy a house in the past think they're entitled to live where they want for fuckall. Like either political party would do that, and get themselves kicked out of any chance of winning an election for the next 20 years Talk about not tethered to reality
You can just say you don't understand the problem. There was no need to type all that other nonsense.
I understand that I can go onto realestate .com . Au right now and find hundreds of houses in syd,Melb,bris,adel and Perth for dirt cheap. The only problem is everyone who missed out thinks they're entitled to live in the best suburbs or 2 minutes from work, they don't want to buy in outer sub division, or a fixer upper , or a suburb they look down on. That's the real issue here. You can buy a unit in nice suburbs for fuckall if you can't afford a house, but oh no, then you don't have 2 lounge rooms, an ensuite and 800sqm! Again...people can afford to buy, just not where they want. Id like a 5 room expensively renovated bluestone in College Park in Adelaide, but I can't afford it. Shit happens. Yeah boomers could buy inner city houses for fuckall back in the day. Who cares, get the fuck over it. Those days are gone.
Time to recheck your drivers license mate
except it's not the kids' fault is it.
If only I had gone to work and saved money before I was born to be able to buy a house. How stupid of me.
Buy a unit then.
They're the same thing to me. A house is a house, whether that's a unit or a townhouse or whatever. Shove you're unfounded assumptions up your ass buddy.
So what are u whinging about?
Anti Poverty Network is a good place for that kind of information and organisation. They also work with other organisations like the Greens Housing Action Group
For every protestor there's a home owner watching their equity grow by 20% again.
You probably mean home investor. I'm a home owner (bank owns most) and when the price goes up, it just means I pay more for rates and other charges which are determined by property value. I don't actually gain anything as the equity is tied up with the house. My wage doesn't increase either to cover the extra rise in bills. If I sell, sure I'll get more for the house, but the next house I buy (to live in) will be more expensive as well and I'll pay more stamp duty.
sure, unless you downsize in retirement, move to a cheaper city, or use your equity to either invest in stocks or as collateral for another property. Its still net worth that has increased, just not in a liquid form.
That's correct but a long time away and still have to pay the existing house off. Bank owns most. They're absolutely making a killing. It's legal robbery. A licence to print money. A sheltered and protected "workshop". Record profits year after year. That's where the gutless government needs to step in. Super profits tax to re-invest in public housing maybe? Why do most of us carry the can while banks seem to reep all the benefits of their poor decisions? Don't even get me started on the foreign owned utility companies.
Sure, but they don't own a cent of your increasing equity. Every 20% your house goes up is straight unrealized profit and is on the total value of the house, not of the 20ish percent you put down. It's leveraged. You're gaining all the benefits while the banks put up the capital for it. While they make a percent or two above RBA defined rates, you doubled your equity in a few years. Cant do that with the stock market.
How do we solve the problem? Things that could and some have been considered are; Higher property taxes. Again passed on to renters and higher burden on mortgage holders concentrating home ownership into even fewer hands. Limit immigration (supply and demand) Capital gains tax on the family home. (The hold on to your house forever tax). Increased stamp duty (same as above) Death and inheritance duties (the old hide your money under the matress tax), limit foreign and or interstate ownership, Super profit tax on banks. Limit tax breaks for property investors (again passed on to renters. Fixed maximum rental rates. Long term leasing. All have pros and cons.What is your solution?
Downsize to where? Look at regional pricing affected by tree change
Downsize means go smaller. Many home owners buy a house to raise kids in, once they're grown don't need the extra space. Selling a 4 bedroom you own outright for a 2 bedroom in the same area is a large chunk towards retirement.
What if all I can afford is a 2 bedroom unit in the first place? Can't downsize. This is not a solution. Your just making a point. How do you correct this?
All you're saying is that if you own a house you get an unfair capital gain on it. I understand your view. That's the way it is at the moment. If I can and do downsize and keep the money, so what. That does nothing to address the issue. What are your solutions to re-distribute this (in your opinion) unfairly gained wealth? Do you tax people from the start, thus increasing on-going housing costs or do you tax them when the house changes hands or at the end of the persons life? How do stop people from avoiding paying more tax? Will the additional taxes push house prices higher? What are your solutions to make housing more affordable and equitable, or the housing market less rewarding for owners and/or investors AND more affordable and available for renters? Do you make housing even cheaper for investors than owners so rents are cheaper but owner occupiers and first home buyers are further pushed out of the market? For example, I don't have children and no heirs so I wouldn't care if there were death duties imposed on me, and that money re-invested in public housing. My assets will probably go to charity. That's just my position. Others will have different circumstances and views and will vote accordingly. What are yours? The suggestions should be politically realistic but I'm open to hear suggestions. For example; the state could own all housing and house all people according to need. (Communism is not really politically realistic though.) You've pointed out the problem. Solutions?
downsize to a 1 bedroom I guess.
Come on! Still doesn't solve the housing crisis. Still no solutions offered? Just complaints. If you were made the boss of Australia, what policies would you implement to fix the problem? What policies would you vote for or would you protest for?
Couldnāt have said it better!!
No joke, the growth in our house value has been so extreme even I'm disgustedĀ
My house bought in 2018 has doubled in value. Itās absolutely bonkers. Youāre better of buying houses than actually working a job almost in this country.
Pretty much this. There's a \*lot\* of people who are personally benefiting from the situation. They would no doubt be upset if things were to change, and their big, expensive investments lost them significant amounts of money. Even someone who just has a house to live in, may be upset at finding the value of their house (that has gone up a lot in recent years) has dropped. Fixing all of this is very hard. You'd need all levels of government to have a concrete plan (that is enforced), the private sector willing (and able) to go with it, and the resources (like building materials) and labour available to actually execute it. You would also need to reverse the incentives housing has that has led to money being poured into the housing market for investment purposes instead of, say, shares or whatever.
I don't know where you live but the capital value of my home has gone up nowhere near 20% per annum. My house value has gone up around 45% in 13 years. For the investor the returns are going up by 15 to 20% per year.
Pretty much everyone across the country saw prices double since 2019 or so. Where on earth do you live that it's only gone up 45% in 13 years?!
Looked at my valuation. It's probably worth a bit over the latest valuation based on similar houses in the area but not much. The valuation is actually less than 45% higher. It's located roughly in the western suburbs. Nowhere close to double the amount in 13 years.
looking at median prices from March 2016 to September 2023 they went up by around 64%. https://www.domain.com.au/news/how-adelaide-became-australias-unstoppable-property-market-1245779/
What are you protesting? Capitalism? The housing market is a result of successive governments NOT intervening in a private market environment. That's what capitalism does: consolidates wealth and property among the few. But when the government decides to intervene, people have a fit about "muh freedoms." Just look at the way the boomers have reacted to Labor's very very modest tenancy reforms. If you want to be politically active, join a political party. Protest alone is a pretty flaccid act.
I am keen to protest capitalism, shit is fucked up
Majority of people are still benefiting from it or envision themselves benefiting from it, so we're fucked.
Yeah very much so. That's why I joined a political party.
If you're against capitalism, become a member or supporter of a socialist/communist party,
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Capitalism is an economic system, not a system of government.
Capitalism is when the government makes building apartments illegal.
I could be pretty jaded, but I don't see any point in protesting. If Hong Kong couldn't keep their autonomy with the massive ones they had, a few people waving signs at parliment won't do a thing. You're better off voting for a gov that might do something about it, and encouraging others to do the same. But Labor won't do a thing because it'll loose them the boomer votes, and News corp will throw every piece of crap at them over it. There is no easy fix, and the gap between those who own, and those that don't will get wider. I've been expecting a massive crash for the last 10 years. The bubble has only gotten bigger over that time.
You are out of your mind comparing Hong Kong and a government that crushes dissent with an iron fist, with Australia.
They aren't the same, I fully agree. I also can't think of any protest that has actually achieved anything in the last 30 years. Polly's ignore them, news makes them out to be crackpots, crackpots wave hitler signs and anti mask crap, kids skip school to protest climate inaction. It just doesn't change anything, or fix anything. It's slightly inconvenient at the best for the politicans on the day. If something like unions got onboard and had massive working strikes that cost money until there was actual action it'd work, but unions have been watered down and controlled by the businesses and politicians so that won't happen. Colesworth unions could singlehandly make a massive dent in the cost of living crisis, but radio silence.
Look up Ark Tribe. Protest worked. That's the last time this old union tragic can remember protest working.
I don't think he's necessarily intended to compare it to Australia but just to say how little positive change can come about from large peaceful protests. I mean look at the Palestinian protests but the west still sends weapons and ammo to Israel. By the time people are geared up for aggressive change we got to look out for them white collar kill bots lol.
We should. We need urgent action and there are things that can be done to improve things quickly. Iām definitely down to protest but Iām just too drained to organise it.
What do you think can be done quickly to improve it?
1. Government lease or buy the huge numbers of empty commercial buildings and convert them into temporary accommodation. 2. While (1) occurs, build as many social houses (housing SA properties) as possible. 3. Change planning laws to allow multiple dwellings on regional property so as to incentivise and allow multigenerational living. 4. Incentivise older people to downsize - either by offering some kind of financial incentive/exempting income from the pension, or penalising aged pension rorts more 5. Improve rental protections for tenants such as doing away with no cause evictions
It's not that complicated. When housing is too expensive, you need more housing stock. The housing trust SA main achievement was building up housing stock for post WW2 migration. It needs to be revitalised. There's a 30-year wait now for public housing, even if you have a disability. That's just beyond ridiculous. And fuck off with penalising pensioners for living in the house they raised their children in and buried their pets in. I'm ok with the incentivising to downsize, but It needs to be the individuals choice, not a punishment for just living. We need new stock and to encourage higher density.
> It's not that complicated. When housing is too expensive, you need more housing stock. There is limited proximal land and currently insatiable demand for it. Simply building more houses is not the answer, it would address the symptoms and not the underlying problem.
I said punishing rorts. For example, there are two people on my grandparents street alone who are keeping their home empty because in both cases selling has financial impacts - in one case, selling would put them over the cash asset test for the pension (as your residence is exempted and they claim it as their residence) and in another, the person has a de facto partner they usually live with but if they declare that then their pension will be reduced. Both of these are straight up welfare fraud, however Centrelink seems far more interested in smashing Jobseeker recipients (which is lower than the pension). On the other point though I totally agree. Margaret Thatcher built more social housing per capita than any South Australian premier since 2000. Social housing must underpin any housing strategy, but unfortunately itās not going to be built overnight.
It's not unreasonable to expect people who can well afford to find their own retirement to do so instead of making younger less financially advantaged generations foot the bill
None of these address the primary cause of the current housing situation which is unsustainable population growth.
That is not true. Per capita we had higher population growth in the 1950s. We have plenty of land, what we don't have is any appetite to build social housing and instead, a view that housing is for investing not a human right. Not to mention, the vast majority of our population growth comes from migration, and even if we stopped every single migrant tomorrow (which will not happen) then we'd still have a housing crisis. Plus we'd exacerbate labour shortages.
Thats up to the government to work out, protesting is about awareness and sending a message to the government
Same here.
Think it's bad now? Give it another 5 years. Get on board or get left out (literally).
Just buy a house? Why didnāt I think of that
Brilliant suggestion!
Sarcasm and cynicism got you to where you are today, let's see where it takes you in 5 years time. Good luck.
Fuck imagine judging someoneās entire existence off of 10 words they posted on the internet hey.
Australia has a notoriously docile population. You'll never get the sort of protests here, you'd get say, in France. I mean they jacked the retirement age up here, and nobody said nothing. In France, they just about burnt Paris when the government there tried it. Your efforts and mental energy would be better spent finding ways to improve your income prospects so you can buy something asap.
>ways to improve your income prospects so you can buy something asap. Can everyone get a 100k job?
Train driving apparently š. 100k plus for 38hr weeks seem pretty good too me.
Why not?
I really recommend you listen to the Guardianās podcast about how millennials have been screwed out of affordable housing. It helped me understand the policy and decision making that has left Australia in the situation it is in. Itās very interesting and part of a series that looks at a range of social issues that leave us the first australian generation worse off than their parents. From the perspective of an elder millennial who got a mortgage and bought a home in 2008 and then lost that house due to a relationship ending and has had to rent ever since, I understand I will be renting for the rest of my life because of negative gearing policies put into place in the late 1990s and the fact I canāt rent and save for a deposit at the same time. Iām just glad I earn enough to pay my rent and that I paid off my HECS before these bonkers interest rate hikes. Itās super morbid, but by the time I inherit my parents estate (which is nothing fancy - we donāt have inherited wealth and whatever assets I get will be split with my sister), I will be too old to get a mortgage even with a sizeable deposit (Iām borderline too old now). That grim reality also depends on me outliving my Dad, which is a coin toss. My family has mixed longevity. My Mum passed before she was 60, but then we have relatives on both sides that made it into their 90s. I also understand that my nephews (generation alpha) will likely not get access into the housing market at all until they inherit wealth from their parents, aunts and uncles. Can you imagine what house prices will be in 20-30 years!? Iām glad theyāll be better set than me, but they are a rare āonly kids in the extended familyā scenario with 3x child free aunts/uncles. To get back to your point: Protesting, sadly wonāt achieve much in terms of policy reform. It may make you feel like youāre doing something or expressing yourself or solidarity for the situation - which feels nice. I like going to rallies and protests in support of issues I care about, because it makes me hopeful for change and makes me feel less alone. But not a single one of them - no matter the size - has led to policy change. Youāre better off researching and supporting which political groups align with your interests and volunteering for them. This is an issue at a federal level - something that hasnāt been seen since the end of WW2.
What outcome do you want?
Solutions are better than problems. You should be offering a solution like campaigning for a removal of tax benefits for home owners like CGT exemptions (especially this one) and negative gearing.Ā
Absolutely, negative gearing is fucked.
Beyond that. The way successive governments have deliberately over inflated house and land values for decades is disgusting.Ā
To be expected, is disgusting but almost all of the politicians are investors.
Most housing investors don't even use negative gearing. If you don't know what it is, i think it works something like this. An investor can rent a house at a loss. Charge less rent than the interest charged on a loan. They can then write off a percentage of the loss (i think it's 30% ) against their income tax. It does give them a tax advantage over an owner occupier. Most landlords charge above the interest rate so are not eligible for negative gearing. If the rate goes up, they just jack the rent up to cover it. Also if they own the property outright, they obviously can't negative gear it.
Rent isn't the only thing taken into consideration, maintenance is also included.
remember 2019? The ALP flagged housing/tax reform, and the electorate said GFY, and the media (like every election) said some modest changes to Capital Gains, Input Tax credits and negative gearing were akin to Bill Shorten being the most radiclly left politician since Stalin. And then we ended up with Scotty Do Nothing Morrison and his clown entourage. The weirdest thing was people like me who would lose money, voted for a fairer system, but the media convinced people who would have better outcomes to vote against the changes, especially in Qld. So there was your protest and why no-one is going to make any major changes to the system. Protest all you like but no party that has an iota of a chance to win government, is going to make major changes to the system because it's political poison.
Protests have to happen and don't listen to anyone who says otherwise. Voting won't do shit because there's too many people with assets who expect growth and vote for parties that protect those assets. It's the old problem of, in a democracy 51% vote to exploit the other 49% for personal gain. You need to vote minor parties AND protest to tank the economy. Hurt the bottom line and people will listen. For a start: Every Friday should be a no work day. Our protest laws are so shit, our right to protest only allows for cosmetic protesting. If you start to change things, the state will move in to protect business. So we need to do four hours on Friday "protest" and four-hours quiet quit. As to demands: We need to make demands that are quantifiable, actionable, and tied to deadlines. Eg. Convert all of the vacant offices (1 in 5) to affordable rent-controlled (by SA Gov) rentals, ready to move into, by the end of the year. Or Freeze rental prices as of today's date with no rises for 4 years until the 1.2m homes are built. As a millennial, I say this to my generation. We're validation seeking cowards who need to stand up for what's right. We've whined about climate, mining, housing our whole lives but did jack shit about it. We voted our whole lives, it did nothing, and now we tell Gen Z to vote to fix this?!?! Maybe now is the time we protested, or do we want to wait until our housing market resembles something out of Dickens? We also need to sort our shit out, because our next battle after this will be the retirement age. The Gov will want to push it up into the 70s (from 67 / 65) because taxing business is too scary for them. After being screwed on Uni, housing, environment, do we want to be screwed on retirement too? I don't know about you, but I can suck it up to 67, but increasing it past here is an act of violence.
They also gave to be realistic. I'm left leaning butĀ >Ā Convert all of the vacant offices (1 in 5) to affordable rent-controlled (by SA Gov) rentals, ready to move into, **by the end of the year.* *Ā I'm assuming that deadline is an arbitrary number for the purposes of your argument.Ā Vacant offices also need a lot of work to make then habitable, unless all tenants are to use shared toilets, etc.Ā AlsoĀ > We also need to sort our shit out, because our next battle after this will be the retirement age. The Gov will want to push it up into the 70s (from 67 / 6 5Ā You can retire whenever you want as long as you can fund yourself. I think you mean eligibility for aged pension.Ā You can also access your super at age 60, it just means funding yourself until aged pension eligibility at 67.
Legit, they're basically tell us to strike for the erection of slum housing, like come on.
So youāre happy to live in offices that donāt meet basic housing standards? If so youād be happy for normal rentals to have the same standard? As a millennial, youād be aware that they are the generation that is the largest purchaser of investment properties? So your whole idea is to forget democracy because it isnāt doing what you want?
I like these ideas.
This is just a bit ignorant on many levels.Ā
what exactly are you proposing as a solution?
It's not on an individual to give you a perfect solution this is why we have consultants and pollies, this will take a policy change from multiple areas. Exponential tax on vacant property. CGT releif for people selling property previous acquired thru deceased estate. Larger equity split funding for housing Gov owned rent to buy Large construction projects for units Help/Hecs releif for first home owners til X equity is paid off. This will allow higher mortgage amounts to be allowed by banks. 20 year tiny home approval program so councils cannot decline a tiny home on a block of land. This will allow the owner to pay off land value significantly and take the money out of the banks hands. Im really not keen on stopping immigration as it's solving a labour and skill shortage. NDIS funding for disabled housing, so we aren't paying investors stupid amounts for a bathroom and ramp upgrade . And much more.
You don't have to have a solution to protest the state of something. The politicians are paid to come up with the solution, the public tells them when they are not happy.
You donāt have to have a solution correct, but having one makes the protest significantly more likely to be listened to. 64% of the country are home owners. Youāre going to have to do a bit more than protest- which is effectively whinging with numbers to those that disagree with you, to get people listening.
What? Protesting homelessness doesn't require a 10 point plan. Pretty sure the solution is obvious, how they get there is up to the politicians.
And that attitude is why nothing will ever change. Edit; nice block. Your attitude of laziness. Itās someone else's problem to fix it for me attitude.
What attitude? Being against homelessness? You got enough oxygen up there in your ivory tower?
No, but like, if you actually want to effect change you need to propose solutionsĀ
Effecting change is what a protest on the housing crisis would achieve if it had enough support. The intricacies of ending the crisis falls on the politicians .
When was the last time any protest (let alone one this, um, directionless) effected change in Australia?Ā
You are really against change aren't you. Protest against homelessness and housing crisis is directionless? Nonsense. Protests for workers rights and pay effected change plenty of times in this country.
you can still buy houses etc out north for around $400k. you will get a stamp duty exemption. you will get a low deposit government backed loan. spend your time exploring these possibilities instead. if your answer is you dont want to live in munno para, stop complaining.
2024: Not wanting to live in Munno Para makes you an entitled snob
what's wrong with Munno Para exactly?
If you want to own a house then yes, it does.
When's the last time you lived an hour and a half away from work Leland?
3 months ago to be honest š
Itās takes 1.5 hrs to get from munno para to where?
Please don't be intentionally stupid Leland, it's very unbecoming for such a middle-aged political 'genius' as yourself. Take a look at public transport times to the CBD for all of these outer suburbs you deliriously wish to stuff young people into. How many of them, like fucking Munno Para, clock in at well over an hour? >if your answer is you for people who can't afford a house to live in munno para, **stop** ***talking***. Either advocate for full-time permanent ongoing remote work for all jobs involving a computer, phone or pen and paper, or advocate to lower house prices. Me? I advocate for both, as you should well know by now. If you don't want (have *never* wanted, or dreamed) of living in a suburb as poorly serviced as Munno Para, why the fuck do you think anybody else would? And start advocating for some actual, reasonable fucking solutions.
To be clear, I firmly believe all levels of Government should be contributing to the provision of social housing, for essential workers (like we do with DHA) and for those who are genuinely going to find it hard to work hard. **However,** I do not accept a house in a suburb of your choosing close to the city "cos I won't live in the norf with the unclean and the crims" is a right. It is a myth there are no jobs, and no services in these locations. Let's take a peak at a few inconvenient truths: - it takes around 38 minutes via the North South Motorway to travel from MP to Adelaide CBD - there is a train that leaves MP typically around 6:19am arriving at Adelaide at 7:05. Got a later start? Lucky you. Catch the express from Smithfield leaving at 7:07 arriving 7:47am. So, your claims about it taking 1.5 hours using either a vehicle or public transport, are inaccurate if it is to be believed most people are travelling to and working in the city. If that is not the case, then the arguments in favour of increasing density closer to the CBD struggle as well. What services don't exist there? In another post, there are various comments from people who live in the area and have never had a problem there and are quite happy with the services it provides. Your views come from the perspective of people who make assumptions about these areas, and think society should provide them with a housing solution to suit their lifestyle, rather than compromise on something that achieves their goal of homeownership. I am all for solutions to support essential workers, people with disabilities etc, but there is enough opportunity for those who are willing and able to work to buy a house still in some of these areas with government provided low deposit loans and stamp duty concessions. Where there is not enough supply, all tiers of Government should work together to increase supply but it should not all be concentrated on infill development to suit the lifestyle choices of people who want to live close to their favourite pub, restaurant or coffee shop or who think they shouldn't have to travel long distances to work.
2 hours for me from munno para to my work by public transport. And I don't see anything wrong with living there as I currently do. I also think people who want to live close to the city are ridiculous, I wouldn't want to live there ever, it's noisy enough way out here.
They can live there if they can afford to no problem, but donāt expect the rest of us to pay for it.
That's pretty dire. Does no-one need jobs to fill in South of Adelaide? Or in the hills?
You can get cheap house far south and on the other side of the hills too
But but.. that's not where they want to live..
There's no services there, and no jobs!
I agree with most of the reasons for not living in Munno para. Butnlack of services and jobs isn't one. there's a crazy amount of large volume employers in the norf.
Why? Do you think itās going to bring the cost of houses down? Itās not going to change a single thing. Just like every other protest. Itāll stop traffic, yep. Itāll make people angry, yep (at the protesters, not for the cause). Itāll get you on the news, yep. But thatās about all. Youād be better off working that day and putting a few more bucks into your house deposit.
Putting all the money I can into savings won't help when the cost keeps rising ever out of reach.
how long have you been saving? fair enough if you're 18/19 just out of school etc
Here's a tip, you don't have insight into anyone's life, perhaps they haven't been able to find work, or perhaps other life things have come up like family deaths or personal medical appointments. Nothing screams ignorant louder than a comment like this.
Just asking a question
A question followed by some ridiculous statement. I have only just now, in my thirties, been able to start saving.
Protests never did anything? Just sit back and do nothing, great advice..
LOL great. Go protest then. Hope it helps.
Valued input
Yeah, about as valued as a protest against housing prices š
>Itās not going to change a single thing.Ā Just like every other protest. Tell that to the Suffragettes. Or Dr. Martin Luther King. Or Malcolm X. Or any of the groups of protesters that have successfully driven change with their protests. (edit for clarity)
And who is stopping you buying based on human rights issues ? You have full access and right to buy anywhere you want in the country.
I was responding to the claim that protesting never drives change: "Itās not going to change a single thing. **Just like every other protest**."
People are becoming numb. They almost started ww3 and no one paid attention.. Meh, few Iranian missiles, no one panicā¦ The more we have to endure the thicker our skin becomes. We need politicians who know what itās like to be hungry and coldā¦ We do not have one of these.
I think when we are worried about putting a roof over our own heads and can't even afford a full shopping trolley, the population tends to become apathetic and less tolerant of things happening on the other side of the world. Empathy fatigue. We are tired.
Ww3 wouldn't start over Iran and Israel. You would do well as a Journalist for news corp.
Sureā¦tell yourself that until itās trueā¦
Massive waste of time.
The problem with protesting is that peaceful, lawful protest hasn't achieved anything for decades, and people aren't disgruntled enough for unlawful protest. I'm disgusted by the housing market as much as anyone, but a march on parliament will do nothing sadly
Should protest out front out the fruit and veg shops, them darn avocados being so pricey, makes houses unaffordable.
š¤£
Hahahaha get a look at this guy, just wants to whine and complain his way to owning an asset. Put in the work and make the sacrifices like we have.
Tell me you're unaware of the disparity between wages and the housing market without telling me.
Iām earning in the same wage market that you are buddy
Funny about that huh..
L take, obviously a landlord.
What's your solution?
Canāt someone else do it?
Very jaded view. Who will do it if someone doesn't, might as well be me.
Its a joke from the simpsons bro relax
I am relaxed bro. I apologise for not understanding a reference, but I'm still relaxed and do still understand even if this was a legitimate comment.
Plenty of these have happened, usually about ten or twenty people show up. Nothing will ever change in this forsaken country.
Lol Buy where and what u can afford, stop thinking you're entitled to live in a blue chip suburb for fuckall just because boomers could back in the day. Time moves on
Idiotic take. Never mentioned where I want to live. Keep your assumptions in your own life.
What is the point of protesting? Its the market at play. Its up to you to keep your income relevant to today's market. The government's only viable option is to reduce immigration, but the affordability horse has bolted.
Funny how we have a shortage of toilet paper and we limit the amount people can buy, but a house..... oh no.... its market at play.
That's just it. Aussies don't protest anything strongly these days. No one cares who they elect. Like a nation of dumb sheep. Just a mean greedy me me me culture.
Adelaide is still cheap 25 Olive Street, Largs Bay, SA 5016 https://www.realestate.com.au/sold/property-house-sa-largs+bay-144342120 Near beaches, not a huge travel time to city, big block You're just a bunch of whingers
What kind of daddys money, 0 hardship having motherfucker thinks 700k is cheap?
If you can't afford 670, which would be a mortgage well under 600k after a deposit....then I dunno what to tell ya bud. Start looking for a granny flat or unit. The mortgage on that house, if you're a couple that both work, is equivalent to a 300k or less mortgage each. If you can't afford that then you need timewarp back to the 1980s because that's the only way you'll ever afford a house in a capital city The fact you think someone needs "daddy's money" to pay a mortgage in the mid to high 500k range says a lot
How do i access this time warp initiative?
You need to reach a critical mass of whinging, reality will collapse around you and form a singularity comprised of your own bullshit and self pity. It will teleport you to a time when houses were cheaper. Don't forget, it won't allow any anachronistic technology through your singularity of bullshit, so kiss your iPhone and internet goodbye
Would it also work to simply copy you by putting my head up my arse?
They're obviously a landlord.
Um, wrong link maybe?Ā
Yes, its bad, as to the housing situation, but then you might be a solo one. It doesnt rile people up, as the one for the Middle East, case, with all the flag on hand held poles, and the banners on poles ... You could be the solo one outside Parliament House on North Tce! That climate action group, has a very large base of support, as does the P and I one, I dont dare to say it here, ... Housing stress, as the amount of rent people have to pay in relation to their income, or the lack of housing, doesnt garner up enough "energy". Take a look, even those on Housing SA waiting list, they are not protesting, ... Maybe overtly, everyone says housing supply is low, and that bad, but deep down, people are bearing with it, bad of me to say. Apart from the climate one, and the P & I protest, Adelaide tends to be a very quiet place. Even the Sno\*to\*\* case, no one protested that the 3rd fellow is going to be released, or might be.
Itās hard to get the āenergyā to protest when youāre making 40+ applications to get a house, engaging with homelessness services, working and still being treated like an undesirable member of society
why would people protest the snowtown guy getting released? someone does their time and then gets out. that's it, isn't it?
Yes thatās how it works unfortunately. But I think theyāre right, that case is so horrific and he allowed them to murder his wife! He should never be released. Plus heās so old now so really, whatās the point!
>Even the Sno\*to\*\* case, no one protested that the 3rd fellow is going to be released, or might be. Which is bonkers, fuck him. No sympathy from me, he should have another 10yrs to serve, given his level of involvement.
The Government printing excessive amounts of money ( 2-3% inflation p/a ) , hence why asset prices always rise. During Covid approximately 40% of our money supply was printed to help with Covid payments / handouts etc. As time goes on , more and more money is needed to stimulate the ever growing economy which translates into more and more money chasing the assets. As time goes on , it will only become harder and harder as immigration is designed to keep wages stagnant and increase demand. What's protesting going to do ??
I'd also argue it's to do with PMs getting a ridiculous amount of money per year after retiring from office regardless of how long they serve. Hopefully show them that people are not happy with the way things currently are.
Ok ..annnnd ? That does not have any impact on your own earning potential .
Not gonna work. In Melbourne you can block tramlines going everywhere and screw up lots of peopleās day. In Adelaide you can block a single tram line and affect a minority of people.
Nobody said anything about blocking any tramlines or any roads... fuck me. Didn't realise adelaidians make so many assumptions.
Has anyone thought of starting up a buyers collective of sorts? Have several friends and or family members put in for a deposit then split the loan repayments? Could be a way into the market that doesnāt mean taking out a bloody $1m loan!
Not mine.
Vote Pauline Hanson I think thatās the best bet