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Ahh yes, they do somewhat align. UEs charts cutoff at 2035, but do show an uptick towards the end at around 2030 which is around the time HDs chart shows the same. I'll set the buy residential property alarm clock for 2029 then? :p

I don't see how that chart you referenced shows there is more GenX than baby boomers... Check UEs chart in the link I provided, even in the high population growth scenario the percentage of total population in their peak spending years is decreasing as the baby boomers head into retirement...

I thought there may have been something I was missing regarding GenX. We are making our way through the baby boomers peak spending at the moment, given the number of them vs GenX I actually see the demographics painting a fairly bearish outlook in that respect. Unconventional Economist...

What is the significance of this in relation to housing? You are right about them having it cheaper in the US but with 9% unemployment, 45m on food stamps, etc I have to wonder how many actually get to enjoy it :eek:

Yes you are probably right, with the enabler being easier credit. But that would mean that the price rises we have seen over the last 20-30 years are an anomaly that can't be repeated unless you think that we will continue to find cheaper manufacturing bases than the developing countries we...

Did you stop and consider that some of these changes might not be related to the 'spend easy' generation of today, but rather a shift in the cost of these products... For example a base VN Commodore in 1988 cost around $20k. The average weekly earnings was around $25k. So a standard sedan cost...

You sure like to spam this forum with low content posts Belbo!

It sounds like you are speaking for yourself but projecting that onto the greater majority of investors. Around 1 in 7 tax payers are "property investors", what percentage of those would you think are sophisticated/experienced enough to buy well? I don't think investors are the main cause of...

Are you crazy man?? :eek: Stay in Sydney Beebop. There's nothing for you in little old Adelaide. It's a hole. Avoid :D

I guess I find it hard to justify the value of buying a unit because I am in that situation now (renting one instead of buying). I just don't see the value in paying $200pw+ over renting just so I can do some limited internal changes. If it was a house I could see value because you have a much...

If he wanted to buy for other reasons that's fine, but you made it sound like the main reason he wanted to buy is because he didn't want to "pay rent". If it's because buying allows him to change the interior and paint, etc and that's worth an extra $200pw to him then good on him. But I just...

I hope you took the time to explain to him that not wanting to pay rent is a stupid reason for buying :) Rent money is no more dead money than interest on the mortgage for a PPOR... Based on the figures you've provided and prices in the area I would assume he had around a $50k deposit. Let's...

All I can say is YUCK! So glad I live in Adelaide vs Melbourne. I pay $260pw for a 2 bedroom unit in Brighton. 300m from the best beach in Adelaide. 2 minute walk from Brighton train station which is 20 minutes into town.

Back in 2006 my partner and I bought a house in an Adelaide suburb, around 8km out from the city for $290k. Today the same property would sell for around $420k. Up 44% in a short 5 years, where wages would have been lucky to grow 15% over the same time frame. If we were in the same jobs now that...