Time for the Baby Boomer to Pay Their Way.....

Now look who is privileged!

 

No bubbles in my home town either.

 

At the end of the day all this rubbish talk is just that. Rubbish.

Those who know will continue to make money and live a great lifestyle. Those who refuse to know will go on living as they live.

It's just how life is.

 

It doesn't exist. I'd be relying on luck and the perpetuation on a bubble to see gains as we did.

In any market if you're relying on anecdotes to make money, you are lucky. There's nothing wrong with that. I don't know why it's upsetting you so much. I just don't believe we will see that level of luck again to that level based of a pretty simple analysis of the data.

Refer to 0.9x vs 2.3x deposit/wage multiplier between 1993 and now for starters.

 

Sarcasm. Extreme sarcasm.

 

When I was a young’un, I thought old folk were dumb asses too. FFS, they caused WW1, they caused the Great Depression, they caused WW2, ...

Now I am (a lot) older and some would call me a “old fart”, it is ironical to hear that we are called dumb asses. FFS, we caused the GFC, we caused Brexit, we caused Trump, ...

I hope I am still here in 20 to 30 years time so I can witness what my grandchildren and their generation think of the job the Millennials have done/are doing.

As the old saying goes:

“If we did a better job of listening, history wouldn’t have to repeat itself”​

As history has shown, that ain’t going to happen.

Let the outrage continue ...

 

WE need the HSR, but it should be much bolder than SYD- NEW. It should be SYD - MEL, with Goulburn, Wagga, Shepparton etc as new cities. It should also be SYD - Parkes, tunneling under the mountains and opening up Bathurst, Orange, Dubbo , Parkes etc.... and then finally it should also be SYD - BRIS, opening up the east coast between both locations. And none of it can happen before water issues are resolved.

Bradfield Scheme ( or similar ) first .
High Speed rail to follow
Special Economic Zones for 10 years in 8 or 10 regionals along the train route to ensure industry relocates there and can establish itself there

Improve affordability
Drought proof the country
Allow for a larger population and tax base
Diversify the economy
Create new industries - food, renewables etc. We should be one the worlds great food bowls and renewable energy exporters


Chance of any of these things happening ? Never say never, but it's about as close to zero as you can get. They would take years to happen, and not one of our current political class has the guts We are extremely poorly served by pollies who seek to do the bare minimum, deflect and delay.

And they are mostly boomers Just coincidentally

 

Until prices become so ludicrously unobtainable and the property socialists are replaced with actual socialists. I don't want this. At least the property socialists aren't trying for open borders.

So I propose the drastic policy shift of not going to 0% interest rates and not having daddy goverment give tax breaks on the most expensive property market in the world.

 

I would compeltely back Sydney to Melb.

I resorted to Sydney to Newcastle as it was a much smaller project.

But yes, I think you're right in regards to current realm of our political service.

 

Nobody said dumb. The recipient of dumb, cosmic luck. You worked hard, the same fruits of this labour won't grow in the same way.

Although I'm happy for you to think the former about yourself if you think the generation above yourself caused the world wars and think that's comparable to how young people view the older generations contribution to the current housing bubble. What a flooringly foolish statement.

 

We aren't upset at all. It's called "Feeding the Pidgeons".

 

In one sentence, you imply you can’t predict the future. Then, in the very next sentence, you say you can.

I love consistency.

At least us old farts have an excuse, called dementia.

Anecdotes (by definition) are in the past, same as hindsight.

Who would reply on anecdotes to make money!!! To make money, we are talking about the future, something none of us can predict (including Millennials).

But anecdotes are useful (imho, more useful than predictions) as they are short accounts of experience/real events and help support a point-of-view. In other words, they are educational and can be motivational.

Why don’t you post some of your anecdotes, based on your real world experience?

I am an old war-horse. It would take a lot more than your posts to upset me, champ.

I believe one creates their own level of luck, both good and bad.

With your belief, good luck for the future. You will need it.

 

Good, cause it's certianly not called creating a compelling counter argument.

 

What a flooringly foolish statement.

Did you read and understand my post?

I used the word dumb.

You ever heard of sarcasm?

You ought to read your posts.

 

true but if you are in a war, and recession, struggling to eat, then its going to be far harder!

 

is that a rhetorical question?

 

If you re read, you'll very clearly see that's not the case.

Facts also exist from the past. Just a collection of more than your own personal experience.

Yeah absolutely. Big foot, an obvious expert in the Australian property market, came to me and said that I was right. Now I could be misremembering or having my bias cloud this comment, I be even looking at it with Rose tinted glasses. I could even be lying because my ego is so clouded by cognitive dissonance. But that's my anecdote.

Your living proof luck can happen!

 

If the essence of your argument is "I know you are, but what am I", I really don't know if you're up for a conversation like this.

 

call me cynical or an old fart but I think society has become one where credibility means nothing, eg you hear on the news politicians to normal people lying or saying stuff they want to do , or intend to do, only to do a 180 degree back flip without any hesitation,
I also see this in corporate culture too, one worker says "they will get something done" and they dont do it, and when you question it, they blame someone else, or worse yet, turn it back on you and blame you

actions speak louder than words, this to me means a lot more in 2019