Housing Crisis in Australia - Page 5

smoothmoniker · 03-12-2008, 01:47 PM

That's true of absolutely every meaningful investment. You are being paid to compensate for the risk of loss.

And, that's what stop loss sell orders are for.

Cicero · 03-12-2008, 05:58 PM

heh. We are spending roughly a quarter of the family income (if you could call it that) on our housing. And we don't even own it.

Now glatt is only one degree away from a complete fool.

(of course I'm not going to pay 250,000 for a broom closet in a santa fe barrio, forget it)

HungLikeJesus · 03-12-2008, 06:28 PM

What are we including in housing costs? Just rent/mortgage? Taxes, insurance, maintenance, utility bills? If you rent, you're probably just including rent and insurance, maybe some utilities. If you own a house or condo, the other costs can be considerable. We probably spend $8,000 to $12,000 per year on things like tree cutting, new roof, painting, furnace repair, etc., which we would not pay if we were renting.

Kingswood · 03-18-2008, 08:26 PM

Quote:

Originally Posted by HungLikeJesus

We probably spend $8,000 to $12,000 per year on things like tree cutting, new roof, painting, furnace repair, etc., which we would not pay if we were renting.

You would pay for these things through your rent. Landlords own housing to make a profit in the long term and are unlikely to lose money in the long term. If they find they have to shell out money for maintenance they would either put off the repairs, have already budgeted for long-term maintenance by charging additional rent to cover it, or do the maintenance and then put the rent up. The exact action taken by the landlord will depend on the circumstances.

lookout123 · 03-12-2008, 06:31 PM

Some months I pay 100% of my income on the house. Sometimes 10%. It just depends on what is happening in the cellar.

Aliantha · 03-17-2008, 10:23 PM

I heard on the news today that Australia is one of the most expensive places to buy a house in the English speaking world. Apparently on average it costs more tha 7.5 times the average income to buy a house. So that means, even if you could put every cent into the mortgage for 7.5 years, you still couldn't pay it off because of the interest which means gone are the days when the average couple could well and truly pay off a house within 10 years.

Also, a bottle of coke costs twice the amount in Australia as it does in the US. (that's just a useless fact you may find useful some time)

HungLikeJesus · 03-17-2008, 10:41 PM

Quote:

Originally Posted by Aliantha

.... (that's just a useless fact you may find useful some time)

???

smoothmoniker · 03-18-2008, 09:39 PM

Quote:

Originally Posted by Aliantha

Also, a bottle of coke costs twice the amount in Australia as it does in the US. (that's just a useless fact you may find useful some time)

Yes, but a jar of Vegemite costs 6x here what it does in Syndey.

Thank god.

Aliantha · 03-17-2008, 11:04 PM

!!!

Aliantha · 03-18-2008, 09:42 PM

I'm sure the price would go down if you all started buying it.

smoothmoniker · 03-18-2008, 10:08 PM

Well, clearly our refined American palate has rejected your national snackiness.

Aliantha · 03-18-2008, 10:39 PM

Well, clearly your American palate is not as refined as you might like to think.

lookout123 · 03-18-2008, 10:45 PM

oh please don't start the australia/US shit again. not even joking.

Aliantha · 03-18-2008, 10:56 PM

What shit? He doesn't like vegemite so that means he has a 'refined american palate', the implication being of course that Australians eat shit.

And it's not ok for me to wisecrack back?

Get a grip.

smoothmoniker · 03-18-2008, 11:42 PM

I think pretty much anyone who refers to the American palate as being refined can be assumed to be stewing in irony.

For chrissake, we're the nation that invented Pancake and Sausage on a Stick.

03-12-2008, 01:47 PM	#1
smoothmoniker to live and die in LA Join Date: Feb 2003 Location: Los Angeles Posts: 2,090	That's true of absolutely every meaningful investment. You are being paid to compensate for the risk of loss. And, that's what stop loss sell orders are for. __________________ to live and die in LA

03-12-2008, 05:58 PM	#2
Cicero Looking forward to open mic night. Join Date: Oct 2006 Location: New Mexico Posts: 5,148	heh. We are spending roughly a quarter of the family income (if you could call it that) on our housing. And we don't even own it. Now glatt is only one degree away from a complete fool. (of course I'm not going to pay 250,000 for a broom closet in a santa fe barrio, forget it) __________________ Show me a sane man, and I will cure him for you.- Carl Jung

03-12-2008, 06:28 PM	#3
HungLikeJesus Only looks like a disaster tourist Join Date: Feb 2007 Location: above 7,000 feet Posts: 7,208	What are we including in housing costs? Just rent/mortgage? Taxes, insurance, maintenance, utility bills? If you rent, you're probably just including rent and insurance, maybe some utilities. If you own a house or condo, the other costs can be considerable. We probably spend $8,000 to $12,000 per year on things like tree cutting, new roof, painting, furnace repair, etc., which we would not pay if we were renting. __________________ Keep Your Bodies Off My Lawn SteveDallas's Random Thread Picker.

03-12-2008, 06:31 PM	#5
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	Some months I pay 100% of my income on the house. Sometimes 10%. It just depends on what is happening in the cellar. __________________ Getting knocked down is no sin, it's not getting back up that's the sin

03-17-2008, 10:23 PM	#6
Aliantha trying hard to be a better person Join Date: Jan 2006 Location: Brisbane, Australia Posts: 16,493	I heard on the news today that Australia is one of the most expensive places to buy a house in the English speaking world. Apparently on average it costs more tha 7.5 times the average income to buy a house. So that means, even if you could put every cent into the mortgage for 7.5 years, you still couldn't pay it off because of the interest which means gone are the days when the average couple could well and truly pay off a house within 10 years. Also, a bottle of coke costs twice the amount in Australia as it does in the US. (that's just a useless fact you may find useful some time) __________________ Kind words are the music of the world. F. W. Faber

03-17-2008, 11:04 PM	#9
Aliantha trying hard to be a better person Join Date: Jan 2006 Location: Brisbane, Australia Posts: 16,493	!!! __________________ Kind words are the music of the world. F. W. Faber

03-18-2008, 09:42 PM	#10
Aliantha trying hard to be a better person Join Date: Jan 2006 Location: Brisbane, Australia Posts: 16,493	I'm sure the price would go down if you all started buying it. __________________ Kind words are the music of the world. F. W. Faber

03-18-2008, 10:08 PM	#11
smoothmoniker to live and die in LA Join Date: Feb 2003 Location: Los Angeles Posts: 2,090	Well, clearly our refined American palate has rejected your national snackiness. __________________ to live and die in LA

03-18-2008, 10:39 PM	#12
Aliantha trying hard to be a better person Join Date: Jan 2006 Location: Brisbane, Australia Posts: 16,493	Well, clearly your American palate is not as refined as you might like to think. __________________ Kind words are the music of the world. F. W. Faber

03-18-2008, 10:45 PM	#13
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	oh please don't start the australia/US shit again. not even joking. __________________ Getting knocked down is no sin, it's not getting back up that's the sin

03-18-2008, 10:56 PM	#14
Aliantha trying hard to be a better person Join Date: Jan 2006 Location: Brisbane, Australia Posts: 16,493	What shit? He doesn't like vegemite so that means he has a 'refined american palate', the implication being of course that Australians eat shit. And it's not ok for me to wisecrack back? Get a grip. __________________ Kind words are the music of the world. F. W. Faber

03-18-2008, 11:42 PM	#15
smoothmoniker to live and die in LA Join Date: Feb 2003 Location: Los Angeles Posts: 2,090	I think pretty much anyone who refers to the American palate as being refined can be assumed to be stewing in irony. For chrissake, we're the nation that invented Pancake and Sausage on a Stick. __________________ to live and die in LA

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