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Ok. so my comment is JOBS. If people have a job, feel secure in their job, then we may well see a Housing Boomish but I still fear the Rudd 2008 FHO Push brought a heap load stock on the market that exhausted demand, especially in Melbourne. VIC is stagnant re economic activity as whole...

Is the quote yours Hobo? Peter

I stand corrected. 75% owned is actually above the average of 70% owned but may I ask, of those who own, do they own as individuals or couples, % wise. Is is for the thesis.;) Peter

In answer, that is only one factor in the economy. To summarise all of the above the situation is this: A robust strong economy has multiple earners. Mining, Agriculture, Retail, Tourism, Education, Manufacturing, etc...of item and goods that be traded across the globe. Building Houses...

Ho BO JO is right to say the Gov sent $$$$$$$$$$ avoiding a recession in 2008/9. I dont know the exact figure but we went from $20BN in black to something like $300BN in red. This time , the cupboard is bare! Peter

Ok i found this http://glrl.org.au/index.php/Rights/Relationships/Tax-and-Superannuation Which says you are right. Gay or Straight, defacto or married, is the same, provided you can establish a de-facto relationship which comes to; In deciding whether a de facto relationship exists...

I will also start with what I know is the second half to that Joke...What does a gay man bring to his second date...his new boyfriend. I agree same sex couples cannot be discriminated against sadly the rules are not the same, especially in death. I understand because you cannot marry you...

Touche' :D

Very good piece. Thanks. It summarises the need for "reality check" of all stats and surveys as in the end, what they say can be false. Examples are everywhere. In my little VIC town we are middle class and well employed and well paid yet for the first time there are vacant shops. Any...

But some Gays couples dont. They dont expect to stay together like straights. Peter

Exactly! We have 20 something staff and I encourage them all to "suck it up and buy a house." But their saving mentality is non existent. Once I offered a manager my coles voucher at the petrol stations to save him 4c on fuel and he mocked me as "being tight". I said but you are buying it...

On that point, another factor is the rise of childless couples in stats and like us, only child couples, thereby all with more disposable income for housing. Peter

Agree but I put that down to one BIG if not, the biggest factor, effectively for the purposes of serviceability incomes doubled when Lenders included the wife income. This is often overlooked and often by younger members (no offence) who never experienced this world. Not that long ago...

Giday Some great stuff here but I think comparing house prices from a century ago needs to take in account they are not that comparable. Around Federation only the wealthy owned homes. The twenties was middle upper class. In the 50's unless your parents knew the bank manager and you...

Try: Feels like home in Paris Furnished apartments with WI FI Peter

Can you elaborate on Aussie overpriced versus where? I assume you mean compared to other countries where prices have dropped due to economic downturn. I ask as having recently been in Europe (France) prices didn't seem dropped much to me compared to the economic concerns and slow down...

I agree with this but we should not criticise those doing well. Some will always do well. The right attitude. However, you are correct to say it is the masses that matter when we are looking at the economic future. Regards Peter 14.7

Therein lies the confusion. Some are going well? Others nervous. I think ignore your job but look at the industry. Is it and your employer secure? Friend of mine is on $250k a year plus bonuses and he had just taken leave to work OS 5 years and he sees a big shake out coming. Who does he...

Not sure about stagflation but I know from a Paris ex pat local in Paris that prices have not dropped despite claims they would. Wages are low and everyone is nervous, perhaps it is too early. Peter

90s recession was simple. You lost your job. For me twice. Once retrenched, second time company collapsed why? Interest rates went to 18% but.... Prices went up not down because dollars went down and inflation soared. All in all unless your where employed in Gov. with a fixed...