"Median household income is $80k? After taxes, food, fuel, heat,...

First 56 Last

Share
Profile

Follow
Sector

35,472 Posts.

2863

05/07/17

21:24

Post #: 25690002
Share

Originally posted by danginvestor ↑

It's the fact that it's unaffordable for the majority of Australians that it is a problem. You don't need to convince me that those on $40K couldn't afford today's houses. It's because they cannot afford it that the property market will collapse.

Median household income is $80k? After taxes, food, fuel, heat, rates, fees, phones and it'll be $50k? 5% interest on $1M is $50K.

The only thing for certain in life is death, taxes, mortgage repayment and ever rising power and utility bills.

Job security, pay rise... those aren't guaranteed.

Now...

If an investor who could afford mortgage on property for $1M today... who are they going to sell it to later? Someone else just as rich as they are? Would such buyers be caught dead walking along those streets? They certainly aren't going to live there. So they'll rent it out? For how much and for how long to make the investment worthwhile? Interest rate doesn't look like it's going to remain low for too much longer.

Let say they're rich so could handle the heat.

What happen to all those new apartments that's popping up just about everywhere. Are there currently homeless people we don't know about? There are renters or savers who would soon be able to fill those apartments. So rentals will either have to go down or investment properties will have to be sold at a lost.

I know, properties in Australia has never drop by much for the past 30 years. So it is unlikely to.
That's like saying I've always been young and healthy so I will never grow old or get sick. Or that I've been living all these years so I wouldn't be dead one day.

Expand

"Median household income is $80k? After taxes, food, fuel, heat, rates, fees, phones and it'll be $50k? 5% interest on $1M is $50K"

How can someone be so retarded to even make this statement?

That's why many still earn $40k pa I think....logic is uncommon
1 Upvote

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Microcap Wrap: 5 explorers with news out today

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

RCE

Recce's R327 found effective against E.coli during clinical trial

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

There are more pages in this discussion • 188 more messages in this thread...

First 56 Last

"Median household income is $80k? After taxes, food, fuel, heat,...

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Microcap Wrap: 5 explorers with news out today

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Silver Mines models five new calderas close to 396Moz Bowdens deposit

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Recce's R327 found effective against E.coli during clinical trial

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Ava Risk Group expands US presence with A$0.7M Substation Deal

Featured News

Featured News

"Median household income is $80k? After taxes, food, fuel, heat,...

Top Stories

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Microcap Wrap: 5 explorers with news out today

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Silver Mines models five new calderas close to 396Moz Bowdens deposit

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Recce's R327 found effective against E.coli during clinical trial

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Ava Risk Group expands US presence with A$0.7M Substation Deal

Featured News

Featured News