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Seriously! $199...thats amazing!

I think there may be a point of difference here. Skater, I agree with you that it was difficult back then to repay your mortgage. I even agree that it may have been MORE difficult back in the late 80s given higher interest rates than today. Housing affordability indicators aren't...

I agree with you MTR - when looking at individual sub markets I definitely see corrections. You've mentioned a couple above. Gold Coast is a great example of what I imagine a 'correction' to be. I'm not sure that anything similar has happened in Sydney/Melbourne as broader regions...

Agree Lizzie. Thats definitely a factor in the equation. Also supporting your point, not too long ago there was a series of analysis talking about affordability being at its highest point in years recently. :)

Hey Lizzie, thanks for that paper. :) I think it may just be a definitional difference here. When i talk about asset price corrections, i dont think periods of 'stagnation'. I think drops of some maginitude over a relatively short period of time. For example, i'd define price drops in...

Yeah thats definitely true, completely agree that hard work and sacrifice are important elements of wealth creation. There's enough history to show that trying to 'design' the ideal society generally leads to unfruitful outcomes.

Cool, we'll just have to agree to disagree. Your spot on about economic cycles, i just disagree that we've seen it play out that way over the last few decades. Perhaps it is naive, i'm looking at charts and putting an economics hat on (not an investor). I've only been investing recently, so...

That is great advice and something i'd definitely second. You can only play in the environment you operate in, sure its harder (not sure everyone agrees on this point), but there are ample examples of it being done.

The evidence does not support you on this skater. Over the last 2-3 decades, there's been an unusual stickiness to house prices in Australia (generally speaking). 'Corrections' haven't been seen. A lack of a correction indeed has pushed first home buyers out of the market and pushed up the...

Totally agree with your personal experience. Being proactive with income correlates with better income prospects. I wasnt talking about myself in any of this. I was working my observations with macro data figures. Wage growth is incredibly subdued at the moment...the 2.30pm statement...

Without the numbers on hand Bayview, income to price ratios were <3 then. Now they're ~ 5-6, and around 40% higher than 1990. Its easier to get in with 95% lending nowadays, but thats no everyones cup of tea. Others like to come in with 20-30% deposits.

That is fair BayView. I dont disagree that it was always required some level of sacrifice. I also dont disagree that i cant be done, it is definitely possible. I also often get annoyed at that mentality where people wonder why they cant get in instead of rolling up the sleeves. My point...

Haha thats definitely the first time anyone's thought i've fit into the 'entitlement' bracket. I think i'd be considered a young investor (<25), and have benefitted largely from highly leveraged exposure to the most recent cycle. While i've done well myself, i dont think its good for...

I dont disagree that it cant be done Tyla - perhaps not at your speed - thats something worth celebrating. Being mortgage free is a great achievement in that timespan.

People can afford to buy - just not those that havent benefited from capital gains over the last 20 years. That is, first home buyers. The market wont correct for that, it'd just lead to a separation in the market. I'm not sure its a good societal outcome if the barriers to entering the...

While i can completely understand the frustration at the 'entitlement' mentality, i think this is a growing issue worth attention. Fact is income to price ratios have been rising over the last 2 decades. That makes it harder for people who aren't in the market to enter the market. So it IS...