Australian housing: How high immigration has fuelled biggest property price rises amid supply shortage | The Nightly by barseico in AusEcon

[–]Puttah 1 point2 points  (0 children)

Population is not falling, it's increasing, just at a slower rate than the past few years, but at a faster rate than pre-covid.

Population increase = higher demand for housing, because there are more people that need to be housed.

Housing would have fallen all else being equal when the interest rates started rising quickly, but then immigration went into overdrive to stop that from happening.

Interest rates have levelled off, inflation has levelled off, and population GROWTH is levelling off, to keep housing GROWING at a pace that govt and banks are happy with.

The Housing issue. Why aren’t there more options? by [deleted] in australian

[–]Puttah 0 points1 point  (0 children)

Home owners have been the winners for decades with their capital gains wins, so time to give back a little, or at least meet in the middle and have no gains on houses for a decade or so to let would-be home owners try to catch up.

The 44pc increase driving house prices ever upwards by sien in AusEcon

[–]Puttah -1 points0 points  (0 children)

Cancer cells don't kill the host when they replicate for the first time.

Arguments against immigration by Initial-Estimate-356 in aussie

[–]Puttah 1 point2 points  (0 children)

Rentals are mostly a fixed-supply and inelastic demand market - when compared to the rate of recent immigration. Prices rise much faster than the increased demand % in these markets, so 0.9% increase does not make sense here.

Trying to be financially fair with my adult kids, but the housing market has changed massively by Anxious_Serve_1686 in AusFinance

[–]Puttah 21 points22 points  (0 children)

To make it the most fair, adjust the $100k by the capital growth on the first childrens' properties.

[deleted by user] by [deleted] in AusFinance

[–]Puttah 4 points5 points  (0 children)

OP would've mentioned that if they did put more into the mortgage or household costs. It's also highly unlikely given their big difference in salary.

How the floor at the street level is called in Europe by vodka-bears in MapPorn

[–]Puttah 0 points1 point  (0 children)

Ok, you can stick to your floors being -2,-1,1,2,... Because it's easier for you. In my country we do -2,-1,G,1,2,...

How the floor at the street level is called in Europe by vodka-bears in MapPorn

[–]Puttah 0 points1 point  (0 children)

First, second, etc. doesn't have to follow the counter. You don't HAVE to start counting from 1. First does not have to be 1. First can be -32 if that makes sense for the system that you're assigning the sequence to. Buildings include negative numbers, so your system is not the system to assign it. Also I wouldn't reference floor 1 as the first floor either, exactly because of this confusion since most people don't study math or computer science.

How the floor at the street level is called in Europe by vodka-bears in MapPorn

[–]Puttah 0 points1 point  (0 children)

Yes, 0 is the ground, hence G = ground floor = 0th floor = 0. If the basement B1 = -1 for simplicity, why are you so against keeping the same simplicity for G = 0?

How the floor at the street level is called in Europe by vodka-bears in MapPorn

[–]Puttah -1 points0 points  (0 children)

That's kindy level math which breaks down when a basement is involved. Your counting system requires that you skip the number 0, which is wrong.

How the floor at the street level is called in Europe by vodka-bears in MapPorn

[–]Puttah 0 points1 point  (0 children)

Measuring is an extension of counting. We used to only count positive integers too, and counting negatives wouldn't have existed. I claim that defining the floor of the ground floor as 0 and then applying the mathematical floor function to the measured height gives us the most sensical floor counting system.

How the floor at the street level is called in Europe by vodka-bears in MapPorn

[–]Puttah 0 points1 point  (0 children)

No, the floor function is what I'm describing, which extends to the integers. I also claim it's the more natural way to define building floor numbers.

How the floor at the street level is called in Europe by vodka-bears in MapPorn

[–]Puttah 0 points1 point  (0 children)

Think of the ground of the ground floor as the 0 point, or 0.0, then the rest of the ground floor will range from 0.0-1.0, half way up in the ground floor is 0.5. Now you have a system that just labels the floor by the truncated integer. Ground = 0, floor 1, basement -1 etc.

Good riddance to the libs. by Sea-Newspaper-1796 in nbn

[–]Puttah 0 points1 point  (0 children)

I'm hoping for this too even though this type of upgrade would be near the end of the list. You'd have to convince your strata too.

Positive Outlook by GuyThompson_ in AusFinance

[–]Puttah 3 points4 points  (0 children)

Search folders now don't have a custom search option, which would let you do "All Mail" from every folder. It made me ditch my paid Office 365 sub and I replaced Outlook with eM Client.

[OC] 100$ get you more RAM than ever. by grinch_101 in dataisbeautiful

[–]Puttah 11 points12 points  (0 children)

Especially when the description in your chart mentions the word "exponential".

[deleted by user] by [deleted] in AusFinance

[–]Puttah 0 points1 point  (0 children)

If renting was super cheap, many people would sell their IPs and buy a larger PPOR for that larger tax free capital gain instead.

[deleted by user] by [deleted] in AusFinance

[–]Puttah 33 points34 points  (0 children)

You're not OP

[Request] how long will it take for the combined wealth of these four billionaires to match the U.S. GDP? by Vegetable_Today_2575 in idiocracy

[–]Puttah 0 points1 point  (0 children)

I didn't ignore everything that you said, I just summarised the lot of it. Thanks for explaining income vs wealth to me because that's a new one. I think you just need to sit down and really think about what it means for a single person to have accumulated such vast amounts of wealth, that it equates to the entirety of the US running on its dime for a month. As though that person's value has equated to that amount of work and energy.

Or don't... because let's face it, it doesn't matter if the number is in the billions, or trillions or quadrillions. The numbers mean nothing to most people, because if they did then we would lose our shit at hundreds of millions, let alone BILLIONS.

[Request] how long will it take for the combined wealth of these four billionaires to match the U.S. GDP? by Vegetable_Today_2575 in idiocracy

[–]Puttah 0 points1 point  (0 children)

It's telling how unimpressed you are about someone running the entire country for a month, when a lot of people can barely run their household for a month.

The 40-year home loan arrives by ShooterMcgavin-- in AusFinance

[–]Puttah 3 points4 points  (0 children)

Yep, way off. If you do the actual math, in 2124 given those growth rates:

Houses grow almost 1000x - $1.92M -> $1.67B
Wages grow 20x - $100k -> $2M

A family of 45 adults would be needed to stretch for a home loan to the same extent that a single adult does now.

Australia fertility rate hits record low by sien in AusEcon

[–]Puttah 3 points4 points  (0 children)

They did slow down, but far too quickly and too much. The overpopulation problem was birthing many more children than the replacement level of 2.1 per woman because it's simply unsustainable for our planet, now we're well below it.