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  1. K

    The 3 decade success story - Housing

    I was referring to the Veblen Effect - desirable house/status symbol/expensive house with affluent neighbors. I wouldn't expect the 50 apartments to be especially desirable by most upgraders, however supply of 1/4 acre blocks adjacent would be reduced and consequently they become more desirable...
  2. K

    The 3 decade success story - Housing

    Sure, the supply of McMansions & apartments will increase, however the supply of desirable land won't be increasing any time soon.
  3. K

    The 3 decade success story - Housing

    What is relevant is ability to afford desirable assets. Based on the factors above, upgraders have that ability. That's how it has worked in reality for decades. Do you think that a population with the desire and also the ability to pay won't move prices up the curve when there is limited...
  4. K

    The 3 decade success story - Housing

    My view is that Australia is different from many other countries - we have a few concentrations of highly sought after assets. They are highly prized because of their proximity to infrastructure (jobs, entertainment, etc), and consequently they demand a price premium. This has happened for...
  5. K

    The 3 decade success story - Housing

    Sorry, I didn't get the parody, it came across to me as a genuine belief in the assumptions underlying that flawed table. As we have both agreed previously, stratified medians are a better measure of prices - and IMO they are far more likely to double in the next 10 years - as others have...
  6. K

    The 3 decade success story - Housing

    Excellent, then we are in complete agreement that median prices don't double every 10 years. And that your table is based on flawed assumptions.
  7. K

    The 3 decade success story - Housing

    If you're saying that the concrete examples I provided of compositional change doesn't take place, then you certainly won't change my mind.
  8. K

    The 3 decade success story - Housing

    I think you're missing the point at the other end of the compositional change. How many 1/4 blocks are there in the inner city today compared with 50 yrs ago ? All the 1/4 acre blocks get put to a higher use - a 6 pack, or Harry Triguboff buys a couple of them and whacks up 150 apartments. So...
  9. K

    The 3 decade success story - Housing

    You know full well that your table ignores compositional changes. We have discussed many times before, yet you continue to raise red herrings. Here's a snippet from 4 yrs ago....
  10. K

    The 3 decade success story - Housing

    However, the next mining boom is less than 10 yrs away... India is expected to overtake China as the largest coal importer by 2025. All that investment will really pay off over the next couple of decades.
  11. K

    The 3 decade success story - Housing

    That's the great thing about life, we all get to choose our own reality :D..... I choose optimism, investment, can-do attitude, encouragement of others, sharing of knowledge based on my & others experiences, support of the community..... it's not exclusive to me though - you can choose it too...
  12. K

    The 3 decade success story - Housing

    This is a list of local businesses from 100 years ago. It's clear that as we've innovated things have changed. The wheelwright & buggy proprietors are no longer with us, however the House Agent & Valuators are :eek: , as are the plumber & hairdresser. Today we have a travel agent, and...
  13. K

    The 3 decade success story - Housing

    I agree we are fortunate to be living in these time, as were the generations who saw the invention of the steam engine, the internal combustion engine, iron, oil, creation of capital markets and many others, compared to all previous generations. However, our generation won't be as fortunate...
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