The great Australian housing bubble creating a generation of poor youth

Which won't bode well for Australia going forward. Our only real hope is to see our currency continue to devalue.

 

Yes. The currency must stay low for australia to be cost competitive. .or productivity/quality/innovation must imcrease to justify the high cost...else lunch will be easten by someone else. Hence the governements push to do the latter more and the rba's talkinh down the dollar.

 

I think it's barnes.

 

Yeah stupid me. In the past I was getting quite confused when I read something Barnes, barney, Barns, barny said thinking wtf...who is who..

Just have a look,
@barnes @Barnie @Barns @Barny

 

Nope and not even planning to. To me real estate as investment is DEAD.

 

Haha yeah it's confusing. I might sign on with a different name

 

I think your a nice person mate, but to me you have no objectivity when it comes to building wealth.

 

hehe its all good. I have told myself to look at your yinyang avatar and think "this is the balanced guy"

 

I was gonna come back with a new user name, was thinking Barry.

 

How about Cleopatra...no one will mistake you then

 

Ummmm nah.

 

@Barny its all good mate, I wouldn't change... I'm probably the only fool who got confused with the likeness of the names

 

I have build my wealth to a satisfactory level and now it's time to move on to better investment strategies that would give more wealth with less effort than property.

 

You are talking about the coffee?

 

I agree and wished i had thought about that from an investment point of view. Sydney is the best long term investment in auatralia imo.

 

Not the coffee, the attitude that housing is causing a generation of poor youth. Feeding that nonsense to people is poison.

 

The smart people dont cry about things they cant afford or present poor value.
They move to places with better opportunity.
Getting away from Sydney to QLD was the best move I ever did, same paying job, far less traffic and housing for a fraction of the cost.

 

@Emoi we have a huuuuuge entitlement problem in this country. Everyone thinks they are entitled to have whatever they want with little real effort expensed.

 

As a Qlder for (most) of my life, I love it up here and those are pretty big reasons. RE same paying job, there is definitely way more opportunity for advancement in corporate gigs down south though.

It sucks that there people should have to move away from areas they know and grew up in, leaving behind friends, family, etc because the government de-regulated the banking sector & property boomed as an investment class.