Complain or Conquer, is housing affordability really the issue?

they debated this on hack last night, Nathan Birch was on too

Hack Live - Series 4 Ep 1 Hack Live: The War on Young People : ABC iview

 

And my thread resurfaces!
Upwards and on to 1000!
Do you get free gold status if your thread raises the bat?

 

I stumbled on this debate last night. Some of those speakers were really annoying, like that lady who missed out on the auction and kept making faces as other people spoke when she didn't agree with them.

 

so is it worth 62 mins of my life to watch this?

 

Better value spending 10 minutes reading this thread.

 

I reckon the 62 minutes would be shorter than reading this Goliath of a thread

 

I try to understand the 'other' viewpoints and so I watched the episode of Hack. What I got out of it helps to consolidate what I think is happening.

The lady journalist who volunteers the information that after many years in her occupation she is still earning about $50k p.a. is choosing to remain in a traditional format occupation that is increasingly superseded by information technology. It is apparent that she is not doing much in terms of earning for herself apart from pursuing postgraduate studies. My son earns more than $50k within 2 years of leaving uni with 2 jobs and retains much of it with staying at home and not going out much. It underlies the recurring fact that a lot of knowledge, even postgraduate education, does not necessarily mean it will match employer demand and lead to earning power in Australia.

She agrees that there is a war on Gen Y as does Senator Dastyari. She mentions prices are too high as does the FHB who missed out in an auction to boomers who bidded for their son/daughter. Affordability, in particular negative gearing is mentioned as the scapegoat with the sin that it is subsidised (which IMO is grossly incorrect). Nathan Birch and his publicly known portfolio of 200 houses are mentioned as proof there is something wrong with the system. Innuendo argument exploiting the feeling of lack and envy have traction in Australia. They may as well indict 'high rise' billionaire Triguboff as proof something is wrong.

Celebrity chef Colin Fassnidge, the lady entrepreneur, Coalition MP Alan Tudge and Nathan Birch disagree that there is a war on Gen Y. They exude the characteristics of positive mentality, diligence, ethusiasm, and a head for financial reality, which reflect apparently better financial security.

The moderator interjected and stopped Stephen Koukoulas from amplifying on RBA research, which showed that affordability is not the problem. Koukouslas also had limited success in demonstrating that Gen Y's issues are common across his lifespan. The ensuing debate could possibly lead to an impasse as Gen Y definitely has many advantages as well as obstacles to owning a property in contrast with the boomers. The moderator also prevented Nathan Birch from explaining that property investor is not a burden on society or being subsidised.

The episode is like a snapshot of the property issue with 'winners', 'losers' and the political approaches of the Coalition and Senator Dastyari.

I hope this helps.

 

Great summary.
Can you give a brief rundown for 6 seasons of Game of Thrones?

 

I am a novice in GOT as I am in the process of going through season 2!

 

Season one - Tits, Swearing, Tits, Death, Tits
Season two - Tits, Tits, Some new character (new tits), fight scene, drinking, death, tits
Season three & 4, - Watch Lord of the rings series but pause and watch some porn every 10 minutes for about 1 minute.
Season 5 - Tits, tits, tits, more people die, tits, dragon, some guy died.
Season 6 - Some guy now alive who was dead, tits, tits, dragons, boats, horses, tits, and some creep dies, still one more epoisde to go but going by previous episodes it isn't a normal episode unless someone dies and tits are in it.

 

Hahahahaha wow you nailed it!

 

Looks like The Tudors.

 

I have never seen a post on PC with some many "tits". Reminds me of some the clubs I used to frequent with I was a lad.

 

Watched it just to see who you were talking about and was not disappointed. ...



She was even recorded yawning while Birch was explaining what he had to do to get a deposit together.

Laughed and rolled my eyes a good bit but there were a few that needed a reality check. The middle-aged journalist that said she can't afford to buy. Shes only on $50k after 15 years?!! Or the politician on $200k with a wife working full time saying they can't afford to buy in West Syd?!! Then there was the woman who said she had 3 jobs. 20 minutes later she says she has 4 jobs... Then blames Birch for 'killing' any opportunity she would have had?!!

I did like Steve "unlike others, I look at facts" Koukoulas pointing out the obvious to the young 'uns.

Still available to watch on iView

 

Oh jesus.
What a horrid creature face.

 

That would only be true if no new homes were being built. But they are, so the argument doesn't stack up. Besides that, what about all the people buying splitter blocks (I have 2 right now). I have a choice to retain and build, in which case in the next 2 years I will be creating 2 new houses or demo and build, in which case I will be building 5 new houses (3 additional). These new dwellings will offer 3 families homes to live in.

 

None of that addresses the ownership rates though. They can build a million new houses but if a significant portion can't afford them they do nothing to help home ownership rates. You need to change the equation on affordability.

Admittedly, increasing supply is a very good step to achieving this but there could certainly be more done to help that.

 

It will when I sell to owner occupiers

Yes, affordability. As I build the first new house, I am finding out why housing is so expensive. Cost to land, cost to clear land, cost to service land, application fees, clearance fees, other local government fees, state government fees, federal government fees and taxes. It has been claimed that the cost to build is roughly the same as 20 years, it is the land cost that has risen exponentially. The problem is that local governments, state governments and the federal government sees developers as cash cows to milk dry. This translates into less affordable housing then they try to remedy with FHOGs that push up the price of housing anyway.

Yes. I realise 3 additional dwellings won't change the world That said, it is a bit ridiculous that on a 850m2 block of land I can only build 2 houses, this is half a block from a primary school and a high school and 2 blocks from a major shopping centre, movie theatre, gyms, pool, library etc. Seems wasteful to me.

 

What happens if you hold them all

Welcome to the Nanny Country where you need government approval to pass wind on a construction site!

All that crap sure doesn't help the cause!

It's a start right? It is really ridiculous the land laws that we have that restrict everything. Perth is a really frustrating place with the resistance to change. It's the most entitled place around, why should I have to have more people living next to me for the good of anyone else type attitude!