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Now you are just adding a bit of a clutch at straws to try and prove your argument from the statements you have made. You state that Gubb policy is the cause of the lack of affordability, and that NG is one of the problems (if not the main problem according to you) and should be abolished. Now...

They don't need to take on bigger loans. It is a choice to borrow up to your maximum DSR. And, the Banks will have something to say about it anyway. From my understanding, Banks will currently only allow anyone to borrow up to 50% of their gross income for all loans? And from my...

HJ, you continually rant on about the median as the bogey man. I gave you an example of how that can be skewed a couple of posts ago.. Older houses on larger blocks, being bought and then replaced by smaller, new town houses - which are more expensive. And that is happening everywhere I might...

They should be buying below median. Therein lies the problem with the affordability arguments. Yep. the FHB's always miss the vital point of; existing PPoR owners were once young and poor, and had to work their way up to that next PPoR which is above the median and in the nicer location...

Deposit on what? Be specific, HJ. Get out those apples.

As we keep telling you; affordability is relative. What are you looking to buy, and where? - as the FHB - is the question. Beginning and end of argument. Don't listen to me then. You need to listen to the other 6 or 10 old b@stards here who constantly say much the same. I'm still waiting for...

Indeed. To be clear, the reason why the sell-off occurred was due to other (lack of) income related factors in our life. All explained briefly above. We had 4 IP's, a block of land and a PPoR after the USA trip, and could have bought more. Not fantastic, but better than many. But...

When you've owned a few properties you'll know. I'll take that into consideration.

No, we didn't reap the rewards too soon; it's a tale littered with variations of good and bad, which have forced us backwards in terms of properties and cashflows. When we moved to the USA in 2005, for 3 years, by then had 5 IP's. It was for my wife to fulfill her desire to work O/S before kids...

Hobo, I have laid almost all my warts and all bare on this joint. I am sure everyone here knows a fair bit about my personal situation - some of it will never be divulged of course, like my three First Division Tattslotto wins.... Just kidding. I could care less what you say about me...

Nah; just chewing the fat with me old mate...giving him a bit more depth..I think he misunderstands me. :D

It's a current frenzy fueled by lowest interest rates of all time in Aus, and a shortage of land..maybe a State Gubb issue. 10 years ago the policies were the same, and Sydney was dead. How do you arrive at the problem being current Gubb policy? Didn't the NSW Gubb introduce a further...

I don't pick on him; just argue the cases he puts - which are arguments of an armchair expert who has no skin in the game and never has. He had a PPoR for a short time if I remember. By his own admission, he is cashed up, yet has not bought anything, and doesn't plan to until the entire...

Yes, it is a change, but the number is academic. You can say 40 or 60 or 50. At the end of the day, the climate is right for everyone to buy - and everyone is. The point I make is that the FHB's and anti-NG disciples blame the whole lot on investors. It could be the usual 30%, but in this...

It's academic....40, 50%. I haven't been paying attention to the numbers because I and others know that they are not the only cause of any sort of price rises. The numbers are higher right now for sure, but as I said; talk to me about 2004,5,6 Sydney - or any of the other flat periods in...

I didn't realise it was that high. Of course; when stats are involved; I always add a sprinkle of salt. And; there are still 40% of loans being approved to PPoR purchasers based on your stat. These must be the folks who are only offering below market price and not being able to win the bid...

What about this line though; "The bare fact is that housing is unaffordable because the market is flooded with investors." Flooded? I think that at the moment the numbers are up around the mid 40% range of all loan applications? And they are all buying in Sydney, too. :rolleyes: It...

One of the reasons given for this current lack of affordability and boom is "lack of supply" - supply and demand issue yet again. Yet, despite all this, rents are slow-to-not-moving. Why? Simple reason; the economy is not travelling that well - despite all the media hype of late - folks are...

I don't think where you live is the major factor on kid's attitudes to this (or any) problem. It comes back to their upbringing and values instilled by their parents. I know you can't force kids to learn all the right stuff, but if you start on them at a younger age about responsibility...

The other thing about all this is the relevance of everything to the CBD. I'm sure that loads of the population don't work in it, or need to go to it - other than some event. Therefore; unless you need to be near the CBD, shift your eyes away from it and its locale for property selections...