Housing Crisis... your fault, old people

at retirement age my mother had the right to an Australian pension as she met the criteria, what don't you understand???

has nothing whatsoever to do with her primary residence, You and I don't make the rules.

If you disagree with this then that is your opinion we all have one, I disagree with your opinion.

However, seems the nation has voted, I am not the only one who supports current system

 

I'm not working a spin - I'm presenting my opinion on the topic at hand. You made a comment and I responded with what I would want in that situation. I certainly didn't throw assumptions or insults about.

Not in the way you're implying. It wasn't relevant to my comment as it doesn't impact my own personal situation.

I also don't get this? Is that some kind of dig at the fact that I do not have children?

Not that I need to justify my actions but if there's anything left when I go then my share of the assets will go to animal and cancer research charities.

EDIT: Looks like you've edited your post a few times too - why do that? Maybe I should quote each edit so everyone can see what you write too.

 

Re read your post, you are implying my mother is living just above poverty line and Implying I am interested in her assets only, this is offensive to me.

Absolutely nothing to hide whatsoever, post my posts, could not care less.

Think about what you write it can be hurtful, my mother is special person in my life.

No one needs to justify who gets the assets including my mother, don't judge me because my mothers desire is to give these to her children that was my point.


mtr

 

I will quote again as you've edited your post (again) and I feel the need to respond in more depth as now you are putting words in my mouth and insulting my intelligence.

I responded to your comment which was in response to BB's comment.

I highlight:

The context of the comment was that the (who I assumed were a hypothetical example) parents in question had what was deemed to be an expensive PPOR but were receiving the old age pension and nothing else to preserve their PPOR to pass on to their child/ren.Not retirees that were comfortable financially.

What I said was if that was MY mother then I wouldn't want her to live in a way that money was a constant issue for the sake of bequeathing me the family home which is obviously not the case in your situation, but I was talking about mine, not yours. Because, as you so eloquently pointed out, I don't know you. But I do know me.

 

No, I wasn't implying that - that's how you chose to interpret it.

I also bolded a good point you made. Telling people they belong in the mental asylum for their opinion or are stupid can be hurtful too.

Agree, no one needs to justify themselves to anyone. We all have our own opinions and circumstances.

Anyway, I don't want to get stuck in one of these circular arguments that go nowhere. I'm out.

 

I re read your post, and yes, I did take it as a personal attack rather than a general comment. I apologise for my over reaction.

Back to topic

MTR

 

All good, nothing malevolent was intended in my post.

 

They dont "hoard" their money in their PPoR.

My PIL have been living in the same house since they got married 47 years ago.

Some folks merely live in their house and that's it. And many often retire in that same house with not much else to show for it...should they be forced out even if they are still healthy and able to look after themselves?

It's not their fault the values of houses have gone up by loads and loads.

 

What you are forgetting is that Old Lady 1 bought the property 50 odd years ago, when it wasn't worth much at all. All her support network of family & friends live in the area, and she can get about unaided. Because her home is quite old, she spends a lot of her measly pension on the upkeep of it, so the actual funds she has to live on aren't all that flash, in fact much less than Old Lady 2, but you want to move her out of the area, where she doesn't know anybody, and gets confused just walking out of her front gate.

Another point is that this nice juicy asset of hers, that you all want to get your hands on, can be used if/when the time comes that she needs to enter an nursing home.

Just leave her alone already. She'll be dead soon enough, and it's just selfishness of the young to even contemplate moving her along.

See, we will never agree on this. Drawing an age pension is not 'sponging off the Government'. If you want to talk about spongers there are plenty of places to fix before we even look at age pensions.

How about middle class welfare? How many of you that deplore an elderly person living in a home they bought and paid for themselves are drawing middle class welfare?

How about making those on the dole DO something to earn it? Or even getting them to sign in at Centrelink at 8.00am every morning, or they loose it?

OMG! They haven't planned poorly! They have provided for themselves by purchasing and paying off their homes, unlike those who didn't buy homes who not only draw a pension, but get rent assistance on top of it, and those who have relied on welfare for most of their adult lives.

 

Voting for a particular party doesn't mean the nation approves all their policies, but you aren't the only one who supports things as they are. Many of those close in age to receiving such entitlements (or set to benefit from them) would typically be in favour of retaining things as they are. I am more for a fair system rather than one which benefits me personally, of course everyone will have a different opinion on what is fair.

This thread kicked off with an article about how older generations are hoarding inner suburbs... why should working class families (paying taxes) who can only afford to live and buy in the outer suburbs be forced to fund the pensions of those living in the inner suburbs with a high value asset then passed down within that family? To me that reeks of inequality (& an entitlist attitude from those who want it to remain). Pension paid (and other welfare, e.g. unemployment benefits received) should be taken from the estate.

BTW I agree with many of @skater's comments. Gut middle class welfare and reduce taxes all round.

 

So in keeping with the well acknowledged and unproven theory that house prices double every 7 -10 years, if the PIL paid $30k back in 1968, the house would be worth at least 35 times what they paid (possibly 84 times if you use 7 yr cycles).

 

It's not old people that have caused this it's been population growth and Government polices that have been designed to restrict land supply, in order to prevent 'urban sprawl'. People that have worked hard and made sacrifices to purchase a house and pay it off deserve to be able to live in it.

Before we start targeting old pensioners living in their homes there is lots of other welfare that could be targeted. E.g. people living overseas that are still claiming the Australian age pension.

 

Made sacrifices like getting new car or holiday every year knowing that the public purse would take care of them?

 

No I'm talking about people that worked hard and made sacrifices (e.g. didn't **** up their money against a wall, didn't smoke, drove 2nd hand cars their whole life etc.) to pay off their house.

 

Skater the point is that as this country ages people sitting on $2m PPORs will have to sell to support themselves. We cannot afford to support people like this...myself included. The govt is already in the process of doing this. I am sure they can sell a $2m property and buy a nice property just streets away.

Why should tax payers subsidise people who have means?

Agree with all of the above but the time has come where our Pension and Welfare bills are out of control.

 

Exactly this. 100%. There's no way someone having 2mil ppor needs government handout.

 

Yep. Get your hands out of grans pockets people.

It's all a matter of perspective. For the first half of old retirees working life they were promised an un-means tested state pension. Many here will, or at least strive to not rely on a pension and want to force those that will to eat dog food instead of cat food.

me. me. me.

If the issue is the budget and not just 'sponging' then the govt should seriously look at super concessions for the wealthy.

That would be a logistical, administrative and financial disaster. At least Centrelink might have to employee some more staff to cope with it.

Many currently have to do work for the dole and it's getting stricter. It would also eat up a lot of the meagre dole on transport costs to attend and have your name ticked off.

 

Where do you stop? baby bonus', home grants, SD concessions, public schooling, etc etc.

 

Yes, I think these will become more common in the future.