Pauk wrote:
fwordThe boomer inheritance pool was estimated at $400 billion. Take of 20% for the possible property falls to come and it is still a substantial amount at approx $61k each? Please check my maths…

Sorry, what discussion were these figures in relation to? What do you mean by the part about '$61k each'?

Pauk wrote:
Yes I believe,…[Read more]

DWolfe wrote:
…rely on lotto tickets every week.D

Haha, sometimes I come scarily close to being like that. Thank goodness for an early financial education from Dad (gave me books to read) and Mum (got me excited about the stock market).Gotta admit, I've played the lotto once…when they had that $90 million grand prize up for grabs. In case…[Read more]

Pauk wrote:
ummesterMmmmm…. a 'love bubble'. I like it.fword1/3 of boomers do not want to leave any inheritance. Not a good stat to be proud of. Much the same across western nations.Immigration means we now have 5.2 million boomers from the 4.1 million born here. 80% will require full or part pension. It did not work and only kicked the can…[Read more]

ummester wrote:
Anyways, if they aren't going to move until they die, what do they really care what it's worth? It's not like they can take the value of their homes to the grave, is it?

Well, if I had any kids, the value of my home makes a difference as to how much of a legacy I leave to my children. Not only that, the OP is proposing a 20%…[Read more]

Pauk wrote:
Affordable housing is when a common first year teacher can buy an average home for 4 times his or her single salary.

What is the ballpark figure for the salary of the said teacher? Can you elaborate further on what constitutes an 'average home'?

sharve01 wrote:
Potentially the people who answered this question are above average wealth…

Not in my case.

Pauk wrote:
1. They will be less workers per dependent as our participation rates start their decline. Less people to pay more tax, if you want to get the revenues from the workers.

Combine that with a tax free threshold for those under $40K pa salary as you suggest and it'd be a recipe for disaster. This will be further compounded by my…[Read more]

Pauk wrote:
On GermanyIt is not recent anti-speculation laws for resendential.1920 Hitler made it so.http://constitutionalistnc.tripod.com/hitler-leftist/ (Item 17)http://www.ptireturns.com/en/tax_info/de.phphttp://www.globalpropertyguide.com/Europe/Germany/Taxes-and-Costs

Yes, but totally incorrect for some to claim that anti-speculation laws…[Read more]

Pauk wrote:
fword1. 1/3 of our population growth in real numbers is our demographic momentum, or more people living longer.2. 66% of our NOM are temporary Visa holders.3. We are currently experiencing peak emigration.4. What do you think the June population growth percentage will be? My guess 1.3% (0.7% is our natural growth)5. In the next 25…[Read more]

ummester wrote:
So fword, where are the undersirable parts of our country? Or is all Australian housing uniquely desirable?

What's considered 'desirable' or 'undesirable' is up to the subjective opinion of the individual. Therefore I shall not actually list places (amongst those that I know) because it may insult. If anybody has access to last…[Read more]

Pauk wrote:
fword1. We are all selfish.2. Greed was good and now it is not so good.3. Outright owners will care as prices fall, mortgage holders will care more and least to care will be the 32% of the total population that are renters.4. I can not think of why house prices rising faster than wage growth, could possibly be a good thing for…[Read more]

Pauk wrote:
GermanyGDP – $3.316 trillion (2010) Taxes and Other revenues – 43% of GDP (2010) Market Value – $1.43 trillion Exports – $1.303 trillion (6 times greater than Australia) Net Foreign Investment – $1.427 trillion more external than internally held.20.6% over 65 and Median age 44Anti-speculation laws for residential property helped…[Read more]

Jamie M wrote:

fWord wrote:
Detached houses win so far…

I don't think I could live in anything else. I love having a backyard and a bit of space between the neighbors. We've lived in apartments and townhouses but I'd take a detached home over them any day.CheersJamie

Having lived in both a studio apartment (as a student) and in a detached…[Read more]

Pauk wrote:
I also take note, that you feel 50% of people may believe, that falling house prices will ultimately be a good thing.

Incorrect to assume as such. In a debate like this however, it's even-sided, for example, like your word against mine, you believing falling house prices is good and me believing it's not. Neither opinion is stronger…[Read more]

Detached houses win so far…

ummester wrote:
fword, I get how you are saying land is unique and mass produced consumer goods are not but1) Why is land in Australia still worth more than land in America, or Ireland, or so on?

Constrained supply and excessive demand, both problems of which exist in the most desirable parts of the country, and for specific types of property.…[Read more]

1. 32% of all homes, not 32% of the population.OK, you're still dodging the point. I argue that people WILL definitely give a hoot if the house that they fully own falls in value by 40%. This is humorous, how can you claim people wouldn't care? Did you do a survey? That's 32% of households in Australia that you've got to survey before coming…[Read more]

Pauk wrote:
Me in blue.. just to keep it fresh and tangy…32% of the homes are outright owners. It was 47% in 1965.It may be that the pensioner or part pensioner is fine with the income stream, and those pensioners do not care, as much as a leverage buyer, about falling prices.

There must be some misunderstanding here. I am not concerned about…[Read more]

Pauk wrote:
Quite wrong. The outright owners are the biggest group not to care at all if prices drop 40% over the next 7 years. They have their 'home' and it may be irrelevant if it is at either a top price or a bottom price. They just do not care.

Still disagree. For the vast majority of Australians, most of their wealth lies in the home that…[Read more]

xdrew wrote:
I suggest you treat the market with a degree of caution. And look whats ACTUALLY happening in it. Because that way you can be the best judge of whats happening and whether you can be moving your investments in the right direction.

So I gather that at the moment, the property market is showing signs of stabilising but not actually…[Read more]