tag:blogger.com,1999:blog-5613349802102193582.post653962038683535216..comments2023-12-22T23:56:04.826+11:00Comments on Houses and Holes: Blame it on the chicksDavid Llewellyn-Smithhttp://www.blogger.com/profile/01762856583909059662noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-5613349802102193582.post-45907629825664340682010-10-17T21:13:17.563+11:002010-10-17T21:13:17.563+11:00For those interested in the social aspects, I foun...For those interested in the social aspects, I found the following article shocking and scary...<br />http://today.msnbc.msn.com/id/3079221/Unknownhttps://www.blogger.com/profile/18402770013959000511noreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-70502963513368766422010-10-16T15:18:56.259+11:002010-10-16T15:18:56.259+11:00Thanks for shooting down another myth, Houses and ...Thanks for shooting down another myth, Houses and Holes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-34216917093495149342010-10-15T23:59:11.006+11:002010-10-15T23:59:11.006+11:00Of course, Chris Joye believes the article to be a...Of course, Chris Joye believes the article to be a "cracker"<br />http://christopherjoye.blogspot.com/2010/10/very-good-article-from-smhs-jessica.html<br />Why am I surprised? <br />Cheers<br />Chris B.<br />talkfinance.netAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-62368076251888678202010-10-15T19:38:09.261+11:002010-10-15T19:38:09.261+11:00G'Day David, this is my first comment, I love ...G'Day David, this is my first comment, I love you work. Just thought you might be interested in some very fresh and very raw data released by the DSE of Victoria today. For the first time since data has been collected since 2002, during September more mortgages were discharged than lodged. Data sourced from here http://goo.gl/1Gwv I have graphed the 3 month average here http://img137.imageshack.us/img137/6325/dse092010.pngaushousingcrashhttp://www.twitter.com/aushousingcrashnoreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-53774444507770366292010-10-15T17:56:24.214+11:002010-10-15T17:56:24.214+11:00Poor all around, really...Poor all around, really...David Llewellyn-Smithhttps://www.blogger.com/profile/01762856583909059662noreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-44268840634326313382010-10-15T16:41:33.179+11:002010-10-15T16:41:33.179+11:00Good retort, but so much more could be said of cou...Good retort, but so much more could be said of course. I didn't bother because it would have been so far down the fairfax list of comments.<br /><br />In her "Average Household income of 95k" arguement, she is comparing Averages (assuming in the first place to be accurate), which I would guess is the mean average, against median home prices. The mean income per head of population is undoubtedly so much higher than the median, especially so for household "incomes" vs "wage" because higher wage people generally have other source of income (ie investments) wheras low wage earners do not.<br /><br />Likewise, she doesn't say whether these are national or capital city "averages".Darrennoreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-87034864797713982432010-10-15T12:47:10.596+11:002010-10-15T12:47:10.596+11:00As a stay at home dad I don't consider your co...As a stay at home dad I don't consider your comment sexist in the least. These are decisions that couples and families are making, not just women. The family can equally decide that the guy takes on the primary carer role (another dry term, but the one in common use so I'll stick with it) as has mine. And while I respect the right of families to decide on priorities, I can't help but feel very strongly that the wrong choices are being made all too frequently.....homes4aussieshttp://www.homes4aussies.comnoreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-16638860034542556052010-10-15T11:20:11.272+11:002010-10-15T11:20:11.272+11:00Totally agree. The social implications of the bubb...Totally agree. The social implications of the bubble have been completely overlooked.<br /><br />For instance, a generation of kids is growing up in childcare from one week old because of the mortgage stress. <br /><br />If I had to do that with my bub, it would rip my heart out.<br /><br />It's completely sexist of course, but I had hoped Jessica Irvine might have some greater sympathy with such pieces of the puzzle.David Llewellyn-Smithhttps://www.blogger.com/profile/01762856583909059662noreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-61905962523039447932010-10-15T11:14:28.070+11:002010-10-15T11:14:28.070+11:00And then let's consider the personal element w...And then let's consider the personal element which is left out of so many of these stories which concentrate on numbers. In this case the biological clock will be a major factor.<br /><br />OK, in recent years there have been reports of 25 year olds deciding to buy a home in lieu of having children. No doubt that decision is arrived at more easily when society is gung ho about property and when the biological clock has a lot of tick left in it.<br /><br />But just 5 years into the mortgage repayments and that clock has all the appearances of having sped up dramatically.<br /><br />So we have a lot of families doing the "triple 6" - kids into daycare from 6 weeks of age from 6 am to 6 pm. (Anybody thinks that is a rareity or sensationalist, time to talk to some daycare workers.)<br /><br />Leaving aside the sociological impacts - which admittedly is a thorny issue - as a stay at home dad, I know it only too well - one also should consider just what are the financial benefits to the family after paying the very high cost of daycare and the loss of "middle class welfare" (the family tax benefits, etc)<br /><br />But that marginal income is the difference between making mortgage payments and not, thus the pressure not just for the extra income but for it to be maximised.<br /><br />And this pressure is only going to grow over the next few years as the boosters' biological clocks tick.<br /><br />Young Aussies have been goaded into pricing their lives for perfection - at these gearing levels they need to either not have children, or delay having them and hope that they beat the increasing odds of consequent problems (in either falling pregnant or in the health of the children), they need to have flawless employment careers, they need to have been lucky enough to purchase properties that do not require major repairs at least in the first decade, and they need to prevent the stress of being so heavily leveraged from impacting their relationships or their health. <br /><br />Some will be lucky, many will not.....homes4aussieshttp://www.homes4aussies.comnoreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-69478914453190759712010-10-15T10:31:24.258+11:002010-10-15T10:31:24.258+11:00Thanks dude, nice one.Thanks dude, nice one.David Llewellyn-Smithhttps://www.blogger.com/profile/01762856583909059662noreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-1734997754597382672010-10-15T10:06:09.021+11:002010-10-15T10:06:09.021+11:00It is easy enough to check this by looking at the ...It is easy enough to check this by looking at the household income figures rather than individual income figure published by the ABS. Further, male participation levels have generally declined and part time work dramatically increased.<br /><br />ABS 65230 has household income tables and shows that gross household income rose 41% from 1994-2007.Cameron Murrayhttps://www.blogger.com/profile/08737859133901303110noreply@blogger.com