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  1. BayView

    What does "affordability" mean to you?

    This represents 95% of the people we all know (and don't know). Great intentions, have the opportunity, and never act. I'll bet if you suggested some more obscure area that is cheap, hasn't boomed yet, good indicators for CG and rent returns, they'd poo-hoo it like it was a leper colony. Seen...
  2. BayView

    What does "affordability" mean to you?

    This is that scenario that RK mentions about the two different types of farmers - one is the guy who breeds cows, sells off the calves and keeps the original herd of breeders (buy and hold investors). The other farmer is the one who buys the cows, grows them and then sells them in the market...
  3. BayView

    What does "affordability" mean to you?

    The rent return and depreciation deductions are a bit sketchy on silver as well :D, and so is the leveraging to buy it. Still should have some I suppose, but I couldn't afford to aquire a few mill or so of it like you can of property.
  4. BayView

    What does "affordability" mean to you?

    Don't worry; now his real intentions are known, he'll be put on IGNORE like all his mates. So that's two now for me; Beebop and Hobo :D
  5. BayView

    What does "affordability" mean to you?

    If yer a bleater about how unaffordable housing is then you should. You are not the 95% of penguins. The 95% don't have the words "non-deductible debt" in their vocabulary. A few here do, and what they have done is decided houses are unaffordable based on a wage/value equation. Their knowledge...
  6. BayView

    What does "affordability" mean to you?

    Further to my last post; this is exactly the point. "Back in my day"....as me old Grandpop would bleat out; but it's bloody true - the kids then were ecstatic to be able to get a loan to buy anything with a roof. I tip my hat to my SIL; she bought a dump of a joint off one of her friends - in...
  7. BayView

    What does "affordability" mean to you?

    The problem with the affordability argument is the comparison of apples to oranges in the argument. If the majority of houses being built now in the new housing estates were like the ones they built for the newly wed and family buyer back in the 50's and 60's there would be a much better...
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