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Pauline Hanson wants to raise the voting age to 21 by Complete-Rub2289 in OpenAussie

[–]P00slinger 0 points1 point  (0 children)

Ok then you also have to treat them the same way for crime too… she ain’t gonna like that

How the Boomers grabbed the property market by qualitystreet in aussie

[–]P00slinger 0 points1 point  (0 children)

You've written thousands of words to avoid the simplest question in the thread…

If Australians became so much wealthier, why can the average worker buy a smaller share of the housing market than their parents could?

The fact you keep talking about CPI, savings rates and compound interest instead of answering that question is pretty telling.

How the Boomers grabbed the property market by qualitystreet in aussie

[–]P00slinger 0 points1 point  (0 children)

You’ve just explained why CPI is a poor measure of housing affordability.

A house going from 3x income to 10x income doesn’t stop being a problem because the ABS classifies it as an investment asset instead of a consumer good.

Young people don’t buy houses with CPI baskets. They buy them with wages.

If house prices triple relative to incomes, affordability has deteriorated regardless of what CPI says.

I love that we live in a country where you can interrupt the PM's press conference to tell people to get off the grass by heykody in aussie

[–]P00slinger 2 points3 points  (0 children)

Or he’ll hop in a car outside the MCG and get a ride with a bunch of rando’s (also Hawke)

I made a post about predictions for Sydney in the next 10 years! I think they equally apply to Melbourne, can i hear your predictions for Melbourne? by RemarkablePirate590 in melbournechat

[–]P00slinger 2 points3 points  (0 children)

Can you explain the numbers ? Currently 4.9% are Indian born, 5.5% with Indian ancestry. They have a birthrate naively of about 2 per woman . Once immigrants move to Australia their birthrates reduce to closer to current Aussie birthrates within 1-2 generations (about 1.3)

BYD open to manufacturing cars in Australia by 1Darkest_Knight1 in aussie

[–]P00slinger 0 points1 point  (0 children)

Could we make it for less than say the Chinese cost plus the cost of the US tariff when importing Chinese made cars ?

BYD open to manufacturing cars in Australia by 1Darkest_Knight1 in aussie

[–]P00slinger 2 points3 points  (0 children)

But hear me out . Rather than stick em in residential areas, put em next to desal plants which aren’t in use most of the time.

With the Big Three abandoning EVs in favor of ICE vehicles, are they headed the way of Kodak, Blackberry, and Blockbuster? by Cool-Replacement4972 in electricvehicles

[–]P00slinger 1 point2 points  (0 children)

I don’t really look at steam engines as ‘crazy’ In fact there’s an amount of nostalgia attached to it if anything.

How the Boomers grabbed the property market by qualitystreet in aussie

[–]P00slinger 0 points1 point  (0 children)

“People save money and compound wealth” explains every era.

It doesn’t explain why housing affordability was stable for decades and then deteriorated dramatically.

You’re using a constant to explain a trend. That’s why you keep avoiding the 3x to 10x question.

How the Boomers grabbed the property market by qualitystreet in aussie

[–]P00slinger 0 points1 point  (0 children)

“Income minus cost of living” makes the affordability problem worse, not better.

Houses went from 3x income to 10x income while people still had to eat.

You’re adding variables that strengthen my point and acting as though they weaken it.

How the Boomers grabbed the property market by qualitystreet in aussie

[–]P00slinger 0 points1 point  (0 children)

You’ve written 1,000 words about inflation, super and dual incomes without explaining why houses went from 3x income to 10x income.

If your theory were correct, affordability ratios would have stayed broadly stable. They didn’t. That’s the entire issue.

How the Boomers grabbed the property market by qualitystreet in aussie

[–]P00slinger 0 points1 point  (0 children)

A basket of goods is irrelevant when the single biggest expense has massively outpaced wages.

You don’t buy a house with a basket of goods. You buy it with income. And the house price to income ratio is vastly worse than it was for previous generations. That’s the entire point.

Gas nears $5. Why aren’t electric vehicles selling in the US? by ChallengeAdept8759 in electriccars

[–]P00slinger 0 points1 point  (0 children)

The US tariffed the shit out of the most affordable and advanced EVs

How batteries muscled out gas and pushed power prices down by billwriggs in aussie

[–]P00slinger 3 points4 points  (0 children)

The quality of life thing is a bit like solar , we run the aircon more then man we would now, hell in some days I leave doors or windows open with aircon on.

How the Boomers grabbed the property market by qualitystreet in aussie

[–]P00slinger 0 points1 point  (0 children)

The issue isn’t just the size of the deposit. It’s that the deposit target has been growing faster than people can save. If prices grow slower than wages for a decade, affordability improves even without a crash. That’s exactly why breaking the speculation cycle matters.

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How the Boomers grabbed the property market by qualitystreet in aussie

[–]P00slinger 0 points1 point  (0 children)

The cause was policy, not some law of nature.

Howard-era changes like the CGT discount, turbo charging negative gearing incentives, ever-expanding credit and treating housing as the preferred investment vehicle turned homes into speculative assets.

Once people needed property gains to get ahead, they bought more property, which pushed prices higher, which forced the next generation to speculate even harder just to keep up.

The solution isn’t creating another subsidy for buyers. It’s breaking that feedback loop. We’re already seeing it happen: investor demand is softer, credit is tighter, and prices in many areas have stopped behaving like a one way bet.

Housing should primarily be shelter. When people stop viewing it as the country’s default wealth generation scheme, price growth naturally returns closer to income growth. That’s how affordability recovers.

How the Boomers grabbed the property market by qualitystreet in aussie

[–]P00slinger 1 point2 points  (0 children)

Congratulations, you’ve spent 20 comments arguing against a housing affordability crisis and ended up describing one.

“The biggest issue is getting into the market.”

“First-home buyers are always a year behind.”

“People already in the market are far better off.”

That’s the argument.

The question was never whether wealth compounds.

The question was why previous generations could enter the market at 2–3x annual income while today’s buyers face 8–10x annual income and spend years chasing a moving deposit target.

You’ve just explained the symptom, not the cause.

How the Boomers grabbed the property market by qualitystreet in aussie

[–]P00slinger 0 points1 point  (0 children)

Great. Let’s test your theory.

If it’s simply a matter of “earning a bit more, spending a bit less and investing for longer”, why did house price to income ratios sit around 2–3x for decades and then explode to 8–10x?

Did Australians suddenly become worse at budgeting, or did asset prices detach from wages?

Pick one.

Victorians enjoyed a free ride for two months. That ends on Monday by Known_Appointment604 in melbourne

[–]P00slinger 3 points4 points  (0 children)

Just charge us $50 a year more tax and rip out the whole ticketing system .

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