A generation that walked to school and then walked back.
A generation that did their homework alone to get out ASAP to play in the street.
A generation that spent all their free time in the streets with their Friends.
A generation that played hide and seek when dark.
A generation that made mud cakes.
A generation that collected sports cards.
A generation that found, collected, washed & returned empty Coke bottles to the local grocery store for 5 cents each, then bought a Mountain Dew and candy bar with the money.
A generation that made paper toys with their bare hands.
A generation who bought vinyl albums to play on record players.
A generation that collected photos and albums of clippings of their life experiences as a Kid.
A generation that played board games and cards on rainy days.
A generation whose TV went off at midnight after playing the National Anthem.
A generation that had parents who were there.
A generation that laughed under the covers in bed so parents didn't know we were still awake.
A generation that is passing and unfortunately it will never return no matter how hard we try.
I loved Growing up when I did. it was the best of times
They were simpler times no doubt, but time is distorting the hardships with rose coloured glasses.
Our parents suffered the great depression, wars, rationing, horrible diseases - some children were shielded from the harshness by loving parents.
msg said
05:47 PM Mar 2, 2024
Just talking to a younger person about cost of housing and how they can never afford a house. Has anyone considered this? 1980 we built a new house. $120k for the house and $30k for the block of land. That same house is now valued at $900k. $700k for the Unimproved value. Land that we pay rates on and leaves $200k for the house value. I think it clearly shows what's wrong with the housing market. It's in the councils' interest to value and sell land for development at huge prices. We need a change in rates valuation methods.
Cupie said
06:55 PM Mar 3, 2024
msg wrote:
Just talking to a younger person about cost of housing and how they can never afford a house. Has anyone considered this? 1980 we built a new house. $120k for the house and $30k for the block of land. That same house is now valued at $900k. $700k for the Unimproved value. Land that we pay rates on and leaves $200k for the house value. I think it clearly shows what's wrong with the housing market. It's in the councils' interest to value and sell land for development at huge prices. We need a change in rates valuation methods.
My first house was at Ferny Grove, a suburb of Brisbane in 1969. We built a brick veneer 3 bed 2 bath split level for $17,000. Sold it after 3 years for $24,000, which was the cost of another 2B2B lowset BV at Ipswich. AV Jennings charged me an extra $600 to do the build in Ipswich .. their first in that Town. Sold it after about 6 years for $50,000. Next house cost me $50,000 & sold after about 14yrs for $150,000 to purchase one for $205,000. I have just sold it for a motza.
I don't think that the Rate value plays any part in determining the sale/purchase price of a house. It seems to be just a tool used by Local Gov. to determine a fair rating charge.
Whenarewethere said
08:45 PM Mar 3, 2024
aussie_paul wrote:
A generation who bought vinyl albums to play on record players.
Vinyl records are doing quite well at the moment. I bought a new fairly top end needle from Japan. Very nice sound compared to my Marantz CD6007 player.
dogbox said
08:15 AM Mar 4, 2024
Cupie wrote:
msg wrote:
Just talking to a younger person about cost of housing and how they can never afford a house. Has anyone considered this? 1980 we built a new house. $120k for the house and $30k for the block of land. That same house is now valued at $900k. $700k for the Unimproved value. Land that we pay rates on and leaves $200k for the house value. I think it clearly shows what's wrong with the housing market. It's in the councils' interest to value and sell land for development at huge prices. We need a change in rates valuation methods.
My first house was at Ferny Grove, a suburb of Brisbane in 1969. We built a brick veneer 3 bed 2 bath split level for $17,000. Sold it after 3 years for $24,000, which was the cost of another 2B2B lowset BV at Ipswich. AV Jennings charged me an extra $600 to do the build in Ipswich .. their first in that Town. Sold it after about 6 years for $50,000. Next house cost me $50,000 & sold after about 14yrs for $150,000 to purchase one for $205,000. I have just sold it for a motza.
I don't think that the Rate value plays any part in determining the sale/purchase price of a house. It seems to be just a tool used by Local Gov. to determine a fair rating charge.
most of the ones who claim that they will never be able to afford a house do not seem to want to make any sacrifices.
my goal in life when i first arrived in this country, with enough money to survive for a month, was to purchase a house before my kids started school. i worked 70-80 hours a week to achieve that goal and i had to move to outer suburbs (the sticks) to do it but it got done!
msg said
01:26 PM Mar 4, 2024
Cupie, just a thought, but what do you think gave you those profits? It wasn't because of your house. It was because the land it sat on became more costly. and then, who do you think to some extent determines the value of the house? To some extent its the market (buying a scarce commodity) but who determines the price and scarcity of that commodity?
The government when it releases land onto the market. So, to some extent if the government did not charge such huge prices say $700k for the block of land, that the developer has to recover (and so it goes on) government gets a nice lump sum of stamp duty from the purchaser and then a bonus sum each year from rates, and every time the property is sold to somebody else.
To my mind its not the investors that are raking in most of the profits, its the government. Not just when its sold, but forever, on a commodity that is getting more expensive everyday, and will escalate dramatically with every batch of new immigrants they bring in. No wonder they see immigration as a necessity for the economy.
We were fortunate and got into the market before the escalation of prices reached an impossible high and sadly a generation that did nothing to stop it, just like the generations before us and after us.
Going back to the original post, yes "We are a generation that will never come back".
msg said
01:33 PM Mar 4, 2024
BTW, Who gets most of the benefits of a great economy? And where does it go? Infrastructure? Not enough apparently to even accommodate the new arrivals let alone schools, hospitals or necessary services.
Craig1 said
05:30 PM Mar 4, 2024
msg wrote:
BTW, Who gets most of the benefits of a great economy? And where does it go? Infrastructure? Not enough apparently to even accommodate the new arrivals let alone schools, hospitals or necessary services.
I think the likes of "" hardly normal " and some of the gone broke house builders seem to be the benificiaries. Sell imported tv's etc and imported pine framing.
Corndoggy said
08:45 PM Mar 18, 2024
I will take my growing up days over growing up days now. We did have a simpler, non complicated time. We had a real good time. I never wanted for much and didn't do without much. Ever with just a blurry b & w crt TV, am radio and a cassette player.
dogbox said
08:26 AM Mar 19, 2024
Corndoggy wrote:
I will take my growing up days over growing up days now. We did have a simpler, non complicated time. We had a real good time. I never wanted for much and didn't do without much. Ever with just a blurry b & w crt TV, am radio and a cassette player.
and it is a wonder that so many of us survived without all the cotton wool used to day
Magnarc said
10:59 AM Mar 19, 2024
aussie_paul wrote:
A generation that walked to school and then walked back.
A generation that did their homework alone to get out ASAP to play in the street.
A generation that spent all their free time in the streets with their Friends.
A generation that played hide and seek when dark.
A generation that made mud cakes.
A generation that collected sports cards.
A generation that found, collected, washed & returned empty Coke bottles to the local grocery store for 5 cents each, then bought a Mountain Dew and candy bar with the money.
A generation that made paper toys with their bare hands.
A generation who bought vinyl albums to play on record players.
A generation that collected photos and albums of clippings of their life experiences as a Kid.
A generation that played board games and cards on rainy days.
A generation whose TV went off at midnight after playing the National Anthem.
A generation that had parents who were there.
A generation that laughed under the covers in bed so parents didn't know we were still awake.
A generation that is passing and unfortunately it will never return no matter how hard we try.
I loved Growing up when I did. it was the best of times
Our parents suffered the great depression, wars, rationing, horrible diseases - some children were shielded from the harshness by loving parents.
My first house was at Ferny Grove, a suburb of Brisbane in 1969. We built a brick veneer 3 bed 2 bath split level for $17,000. Sold it after 3 years for $24,000, which was the cost of another 2B2B lowset BV at Ipswich. AV Jennings charged me an extra $600 to do the build in Ipswich .. their first in that Town. Sold it after about 6 years for $50,000. Next house cost me $50,000 & sold after about 14yrs for $150,000 to purchase one for $205,000. I have just sold it for a motza.
I don't think that the Rate value plays any part in determining the sale/purchase price of a house. It seems to be just a tool used by Local Gov. to determine a fair rating charge.
Vinyl records are doing quite well at the moment. I bought a new fairly top end needle from Japan. Very nice sound compared to my Marantz CD6007 player.
most of the ones who claim that they will never be able to afford a house do not seem to want to make any sacrifices.
my goal in life when i first arrived in this country, with enough money to survive for a month, was to purchase a house before my kids started school. i worked 70-80 hours a week to achieve that goal and i had to move to outer suburbs (the sticks) to do it but it got done!
The government when it releases land onto the market. So, to some extent if the government did not charge such huge prices say $700k for the block of land, that the developer has to recover (and so it goes on) government gets a nice lump sum of stamp duty from the purchaser and then a bonus sum each year from rates, and every time the property is sold to somebody else.
To my mind its not the investors that are raking in most of the profits, its the government. Not just when its sold, but forever, on a commodity that is getting more expensive everyday, and will escalate dramatically with every batch of new immigrants they bring in. No wonder they see immigration as a necessity for the economy.
We were fortunate and got into the market before the escalation of prices reached an impossible high and sadly a generation that did nothing to stop it, just like the generations before us and after us.
Going back to the original post, yes "We are a generation that will never come back".
I think the likes of "" hardly normal " and some of the gone broke house builders seem to be the benificiaries. Sell imported tv's etc and imported pine framing.
and it is a wonder that so many of us survived without all the cotton wool used to day
Absolutely spot on especially the last line.