So, what are you going to do about it?
Or more realistically, what should millenials do about it? A few elections ago the Labor party tried to introduce reforms to property ownership, but it didn't fly. This is probably because the majority of voters are old enough to have benefitted from it and the younger ones are not united enough to vote for reform.
So, how should they do it? I think something should be done about it. The banks are keen on it staying the way it is. The people who own property are keen on it staying the way it is. The people who own a bunch of property are very keen for it to stay the way it is.
I am sick of hearing people say "I worked hard to own X number of houses" as if they actually did something more than use their equity to fund another house purchase. They would have worked as hard whether they bought another house or not.
i honestly think theyre going to pick one of the countrys listed above
japans guilty until proven innocent so no bloody way am i makeing that decision plus i nearly been arrested there a few times already just by being myself
nz is 2 times cost everything with half the pay so thats out
theres french people in france still so thats out
i hear amazing things about portugal but im yet to go there but have been invited by a fair few different people so it maybe my next spot tho buying and living is another story to be continued
malaysia islamic and i swore to never live anywhere thats islamic ever again every bars a gay bar every restaurants a gay restaurant every streets a gay street its all dudes all the time women are all locked up so when you do actually egt to see one for first time in weeks or months you stare and give em the same rape eyes every single dude gives your misses if you make the mistake of takeing ya missoe to one those environments
uk is cold but possible i guess
states sounds like possible i suppose but id get shot pretty fast i talk alot more then on here and alot more freely then in person so yeah it may aswell be an episode of 24 with me in a country with that many guns
germany.... sworn enemys til the end of time and they stole half my recipes and claimed them as theyre own
italys possible and probably most likely but may aswell give up on ever having a misses for longer then a week every italian i ever met was such a hound it was as impressive as it was concerning im just not gonna be able to compete
thailand.... ive lived a few years as the walking white ATM machine which is about 2 and a half years longer then i needed to to REALLY learn this is all i ever ever will be which you know is what i would call the definition of lonely plus ive worked with maybe 5 different blokes on job sites that did the whole buy a house in thailand then magically it doesnt work out because the misses friend did this or that or some sort of weird manipulated old gregesque love game downstairs mixup business sounds like they all had fun tho but every single one of them went in there with a big chunk of retirement money and sure enough were back on the tools only half a dozen years later with less to show for it then if they had of just stayed in oz
so yeah looks like portugal croatia and italy
its probably going to be italy they design the best sporting equipment out of the 3 im pretty big into scuba etc and scuba is my retirement sport may aswell cut out the middle man and hit myself in the head with a pinch bar before i buy and fly an italian made paraglider tho but its close enough to germany to get any sort of safety gear from them actually italys got a pretty good climbing scene to i only flew in italy once and it was by accident cause i got lost in the jullian alps
...... yeah italys looking good actually.... let me crunch some numbers
okay well i had no interest in living in florence anyways...
lets check somewhere i actually want to live
yeah i dont know.... it is half the price but... just doesnt feel like permanent...
stupid great barrier reef stuffing up all the waves could be so many flipping good surf spots but nahhh cant have that wanna paddle gotto hang out with great whites and cocroaches
i dont know its hopeless maybe with duterte gone i could give the philippines another crack but honestly itll just be more the same **** if i get a boat to live on itll just be rebuilding a cheap boat in exotic places for rest my life until they chuck me in a home its all kinda ****ed no matter which way ya look at things took me a good decade of travelling the world to finally decide where i wanted to live but itll be a cool day in hell before i can afford anything on the sunny coast and i cant go to WA ill be to popular youll want to rename ya roads after me
lets give portugal a hit my misses use to dance on bars there in her more sensible years
crikey no wonder my mates wanted me to go to lisbon to live they needed my money!
well i give up !
going to be living in my car for rest my life
literally impossible to make enough money now to ever own any property here think im going to have to just make my own place maybe dig a shipping container into a sand dune on some walking track or go the other way and just hoist everything up into the trees
so to answer ya question FN i guess im gonna have to become an ewok
What about Tonga?
It was my favourite Sth Pacific destination. I was a kid though and was only there for 2 days on a stop off on the Oriana with my parents. But I have fond memories of it. Must have been 1980. They had good weed.
Hey Frothy
So you think housing is a ponzi scheme, but you spruik bitcoin ?
[insert side-eye kid meme] x1000
OMG how are kids ever gonna buy any bitcoin ? Where will they get their bitcoin from ? The gubberment should subsidise bitcoin
imagine that.
we made the price of bitcoin to high but rather then let nature take its course and have the market correct itself we refuse to loose any money on our investment so well just give everyone some starter coins that can be used to purchase part of the whole coins well loan out to you
no not those coins those ones are nice and shiny you can have these moldy old rust coins in ipswich youll like living there for the next 40 years paying it off
just go to work earlier and stay later thats what i did to get my big shiny new coin by time i was 18
but for real you think
I am some sort of sole person calling it a bit of a ponzi ?? thats literally what the housing department calls it
if there was a SCAM department in scam coins and they said hay were in charge of scam coins and we know its all a bit of a scam but heres how well make it less scammy
youd be like
hurrr hurrr you just calling it scam coin cause you not in on the scam like i am
What qualifies as a Ponzi scheme?
A standard Ponzi scheme is a fraudulent investment scheme in which an operator pays returns on investments from capital derived from new investors, rather than from legitimate investment profits. Ponzi scheme operators entice new investors with abnormally high short-term rates of return.
Differences Between Ponzi and Pyramid Schemes
Ponzi and pyramid schemes are similar but not identical.
The essential difference between the two frauds is that a Ponzi scheme generally only requires investment in something from its victims, with promised returns at a later pay date.
Pyramid schemes, unlike Ponzi schemes, usually offer a victim the opportunity to "make" money by recruiting more people into the scam.
The SEC and CFTC bring actions against perpetrators of both Ponzi and pyramid schemes, and whistleblowers are essential in catching this kind of fraud.
anyways not sure why you think im "into" bitcoin i just know from my experience of tradeing stocks on nyse and stocks on ASX and tradeing a bit of bitcoin on binance that out of the 3 the only one that isnt completely manipulated and corrupt as **** is weirdly enough the bitcoin
i would have never guessed it myself at all but if you get into exactly how stocks are controlled its complete and utter insanity to think theres anything not incredibly deceitful going on if you seem surprised that the rich dont pay as much taxes as the poor then tradeing on the stock markets definitely for you but if you actually look into it and talk to some rich people on how they avoid paying taxes then its pretty clear bitcoins alot less manipulated.
all and all for what its worth ive only got like 1 or 2kS in usually 1 or 2 stocks or btc at any one time and i essentially just set limits to buy low sell high and thats it. so its not uncommon for me to have absolutely zero bitcoin multiple times a week. if i tried to do that with stocks id be makeing maybe a couple dollers because by nature you NEED that volatility
if you dont have volatility you need alot larger of an investment and ive only been doing this for not even a year yet just learning slowly think ive only made like 4k$ total but that was alot of hours figuring it all out.
now housing....
do you believe and i hope you answer this
do you believe people who invest in housing like ACTUALLY trade multiple propertys a week do you honestly believe they dont make MORE money the more volatile the market is ?
if the market was to crash would you think they would loose all theyre money or would they make a ****load more money tradeing on that volatility??
the rich make alot of money when the numbers go up but they make even more when the numbers go down
How can a house double in "value" in 6 years?
That's what we've seen in my suburb.
That's 60km from the city.
Is 5 minutes driving from the nearest station.
20 minutes from s freeway.
The schools aren't great either.
But if we're going to build more houses, they're going to be even further away and have even less access to important services.
i helped build 4 houses all net to eachother for a first time developer the cost and hassle of getting the new sewage aproved was insanity everytime the throw that little camera down the drain before they activate it costs 10s of thousands of dollers so if the surface of said drain isnt upto snuff gotto rip it all out which means basically demolish the houses start again. and this was inner city. people dont understand how much etra **** goes on when you just start dropping new builds on blocks of land the physical structure is the easy part its all the services thats a nightmare
if they wanted a ****n solution to the houseing crisis theyd let us bloody live in warehouses i could fit about 1000 backpackers in a decent sized warehouse the rage cage wouldnt even bother anyone whose complaining the bloody mechanics and dyno shop next door ?
there is no housing crisis its just to get everyone in on the scheme
the sunshine coast is empty monday to friday so is port douglas so is airlie beach ironicly brisbane is empty on weekends cause they all hate the place and go populate the other joints i mentioned
Here you go, not only a way to try and buy votes, but a way to keep forcing up prices at the same time:
www.news.com.au/national/federal-election/albos-massive-move-for-first-home-buyers/news-story/26a9e789db76ee6e23e3634b7990cdcf
... What a pile of ****... Not fixing the problem and actually making it worse to boot...
Drove past a house today.
60km from the city, built in the 80s.
Doubled in price since 2021!
Completely unsustainable, just giving first homebuyers a little boost does not get anywhere near making housing AFFORDABLE!!
Select to expand quoteD3 said..
Drove past a house today.
60km from the city, built in the 80s.
Doubled in price since 2021!
Completely unsustainable, just giving first homebuyers a little boost does not get anywhere near making housing AFFORDABLE!!
I can't remember the exact details, but when I went to by a house a long time ago the gov gave out FHOGs and the price of houses just went up an equivalent amount to absorb it.
Who would think that creating even more demand would be a solution to housing affordability 
I think Labor have lost the plot now. I am a traditional Labor voter, but this time around I will be voting for someone else or abstaining. I don't think there is any party out there that has a good approach to this though.
Sadly, most of the Millenials, as mentioned in this topic name, will think "wow, that's actually good for me" and not see the actual effect is bad for them and others that are in the same boat. What a stupid idea... here get your foot on the ladder to buy overpriced property which is overpriced because investors have made it that way.
I am in no way a millenial, but I see this as the foolish approach that it is.
So far we have had schemes to make it easy for young people to paying shedloads of money for housing they shouldn't need to, and now we have even more demand being created.
I bought my first house in about 1981 for $37,000 and had to live like a pauper for a couple of years to pay off the loan(s) . I dug out my old pay slips for that periid and can see that young people today have to find four times as much money.
Select to expand quoteremery said..
I bought my first house in about 1981 for $37,000 and had to live like a pauper for a couple of years to pay off the loan(s) . I dug out my old pay slips for that periid and can see that young people today have to find four times as much money.
Oh no, I think my own comprehension is failing me...
A rushed comment because I was going out. A young person today employed at the same level I was in 1981, could only buy a home valued at a quarter of the run down inner city place I originally purchased. So maybe thay can afford a place in the wheat belt.
anyone who thinks anyone under 25 even 30 without parents or assistance can even remotely afford any property is just insane.
its very very easy now to ask ai to crunch the numbers for you
and if you have a 25 year old grand daughter who just got an apartment
guess what
its cause she did this
www.instagram.com/reel/C5ZO_lyInVk/
and good on her thats on who ever followed the beat of the murdoch drum the last 20 odd years
but if we dont correct the housing situation were going to very quickly see not just the wealth disparity from a time when this also occurred but your legitimately going to see your grand kids having to enlist into serfdom
which as a forced vanlifer ive already been doing just by another name [pet sitting/house sitting] but trust me it wont be long before you oldys gonna have your own little "maids" and if thats what yas want keep voting for liberal and even labours new policys arent even helping
but just remember it might be ya own grandkids one day
were very quickly becoming something not to dissimilar to a developing country socially
www.instagram.com/p/DIL6EwTzmyn/
watch the tear down from this aussie finance chick and youll see just how LITTLE anyone of the 2 big partys is actually trying to change or do anything at all.
say goodbye to ya grandkids and hello to someone elses as your new slaves. congrats yas are doing this to yaselves australia.
if anyone needs me ill be sleeping in a car takeing up your favourite beach parking spot
Select to expand quoteFroth Goth said..
and if you have a 25 year old grand daughter who just got an apartment
guess what
its cause she did this
www.instagram.com/reel/C5ZO_lyInVk/
Does your grand daughter want windsurfing lessons?
Labor tried something to fix this a few years ago but were hammered at the polls.
The Libs probably won't touch it in a meaningful way just because it goes against their ideals.
But things change. As more and more voters become renters things will shift.
But how to enact that change now?
Some young people that have the bank of mum and dad and others that got a lucky break aren't going to ask for change either.
The sad thing is that housing ties up a lot of capital that might otherwise be used for more productive businesses.
Maybe the answer is to offer better tax incentives for new builds and lower the incentives for existing property? But when you do that the people that have a lot of existing property are going to not vote for you.
The likes of Larry Fink and Klaus Schwab have made it abundantly clear that their plans for the future will mean that you will own nothing and be happy. Providing of course that you, as a citizen, toe the line.
Without doubt there will be those toadies who have privileges. Similar to the Dacha's owned by Soviet elite.
Will be so much fun!
Select to expand quoteFroth Goth said..
aves Jusit lthroe theyre mastrd ll oike everytine Dictpii
Couldnt have said it better myself
Wonder who else i talked to at 1am tripping absolute madness
Select to expand quoteD3 said..
Pretty sure this is the USA, can't imagine it's all that different here...
Nahhh mate just gotto work faster i know 2 teenagers on redit who started "businesses" and owned 5 houses each by time they 25 and when asabout husinesses one was "logistics" other was "food"
The level of utter bull**** flowing around trying to down play the housing issue is hilarious
Anyways theyre will come a time when the many rise up against the few.
If you own several propertys and honestly believe nothing is wrong might want to pick up a history book or 2 from the library
Rental strike sounds like a win might be able to save up for a deposit if no one pays rent for a couple years
The correction of housing unaffordability in each scenario varied:
Ancient Rome
1. *Rent control laws*: The Roman government implemented rent control laws, such as the "Lex Julia de mercedibus," to limit rent increases.
2. *Public housing*: The Roman government built public housing, such as insulae, for lower-income citizens.
Medieval Europe
1. *Guilds and mutual aid*: Craft guilds and other organizations provided mutual aid and support for members, including housing assistance.
2. *Charity and philanthropy*: The church and wealthy patrons provided charity and philanthropy to support the poor and homeless.
Industrial Revolution
1. *Social movements*: Social movements, such as the labor movement, advocated for better working conditions, housing, and living standards.
2. *Government interventions*: Governments implemented policies, such as the British Housing Acts, to improve housing conditions and provide affordable housing.
Post-WWII
1. *Government-led reconstruction*: Governments led large-scale reconstruction efforts, including public housing programs, to address housing shortages.
2. *Social housing initiatives*: Governments and non-profit organizations developed social housing initiatives to provide affordable housing.
Modern Era
1. *Policy interventions*: Governments have implemented various policy interventions, such as rent control, inclusionary zoning, and affordable housing programs.
2. *Community-led initiatives*: Community-led initiatives, such as community land trusts and cooperatives, have emerged to provide affordable housing and community control.
Violence and social unrest
1. *Rent strikes*: Rent strikes and other forms of social protest have been used to demand better housing conditions and affordability.
2. *Housing rights movements*: Housing rights movements have emerged in various cities, advocating for affordable housing and tenants' rights.
3. *Violent protests*: In some cases, violent protests and riots have occurred in response to housing unaffordability and eviction crises.
While some scenarios have seen violent protests or social unrest, many have also been addressed through policy interventions, community-led initiatives, and social movements.
The reason for housing unaffordability is obvious. It is demand from people "investing" in it. The rest is just background noise. People invest in it because they are seeing easy lending and great returns.
Demand has also been increased by increased levels of migration.
If you dropped demand by decreasing immigration or the amount that you could write off on property investing, prices would fall. You just need someone in charge to do this but they are ultimately only worried about staying in power at each election.
Talk of conspiracies is just more nonsese. We all know that you could explain anything with a CT, but in reality they are unlikely to exist on this level.
Select to expand quoteFormulaNova said..
The reason for housing unaffordability is obvious. It is demand from people "investing" in it. The rest is just background noise. People invest in it because they are seeing easy lending and great returns.
Demand has also been increased by increased levels of migration.
If you dropped demand by decreasing immigration or the amount that you could write off on property investing, prices would fall. You just need someone in charge to do this but they are ultimately only worried about staying in power at each election.
Talk of conspiracies is just more nonsese. We all know that you could explain anything with a CT, but in reality they are unlikely to exist on this level.
The biggest beneficiary of the hike in housing prices by a very long chalk is the banking industry. Was there a conspiracy to support negative gearing by them?
You can bet your bottom dollar that had they predicted that it was going to mean a loss in earnings it wouldn't have got off the ground. Until such time as the political class are no longer beholden to banks we will remain subservient to them.
IMHO we will not see a change until we establish a currency which belongs to the nation and which is underwritten by our resources. Why are we paying $60 million a day interest on borrowed money? Its fkn insane!
Why go to work when you can just buy a shelter and rent it at jacked up prices buy 2 and you can live on a cruise ship while others work for you
