Weedy Pigeon wrote:

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Anyone noticed the flurry of articles in the media about BB's and SMSF people buying up all the houses? Apparently this is one of the reasons given by FHB for house prices staying so high.

I don't know all that many BB who finished work with enough cash to go out and have a real impact on the housing market. After a working life spent as a wage earner in a trade and bits and pieces of casual work I retired with just enough cash and super to own my house and car etc. My son blames all the problems on the BB generation, forgetting of course his house is worth twice what mine is and has bought and sold 7 properties by age 37. Not forgetting the cars 4wds etc as well.

I'm not having a whinge, just can't see how BB's can affect the housing price.

Maybe small business owners who sold their assets realised enough cash to buy extra properties.

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 SMSF  FHB

What do these abbreviations stand for please?

Well maybe if they were to settle for something less than a two story mansion for their first home  they would be in with a chance.

Too many want to start way beyond something that we were never able to even end up with.

JC

jules47 wrote:

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Total agreement there JC - they want at least four bedrooms, two bathrooms, fully carpeted, lush furniture, dishwasher etc., lush landscaping and two cars, and two kids!!!
We started with a 12 square house, three bedroom, one bathroom, bare boards that we covered with seagrass matting, window coverings were basic holland blinds, and bare globes in the light sockets - gradually did some improvements - still ended up with a three bed, one bath house - though I did have a dishwasher!!!!!!

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 McMansions they call them here a lot of the estates I call Coronation St 1 up 1 down...also ducted heated and aircon that they simply cannot live without, costs them a fortune run. I had a new home moved in the day I was due with first bare boards, no curtains for 6 mths and then I made them all. carpet came 8 mths later never had aircon, and just a normal useless space heater, no concrete outside, no clothes line all this in a satellite city....... but guess what I survived...what doesn't break you makes you stronger......

jules47 wrote:

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Total agreement there JC - they want at least four bedrooms, two bathrooms, fully carpeted, lush furniture, dishwasher etc., lush landscaping and two cars, and two kids!!!
We started with a 12 square house, three bedroom, one bathroom, bare boards that we covered with seagrass matting, window coverings were basic holland blinds, and bare globes in the light sockets - gradually did some improvements - still ended up with a three bed, one bath house - though I did have a dishwasher!!!!!!

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 Yep, that's it exactly! And I still don't have a dishwasher, I am it!

My kids homes are mansions compared the homes they grew up in ...we moved often, being Army, but the old married quarters were very basic. But then the farmhouse I grew up in was even more basic, with an outhouse.

Cloak wrote:

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http://blog.rpdata.com/2012/06/302565-reasons-why-demand-for-housing-is-rising/

This is part of the real reason for the housing shortage, another is low construction rate.

To blame baby boomers is simplistic and ignorant.


Sorry but this Mac will not deposit a hyperlink on this site.


Cheers

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 http://blog.rpdata.com/2012/06/302565-reasons-why-demand-for-housing-is-rising/

Here you go Cloak.

I guess I'm lucky because my son has never complained, and in fact was grateful to be able to build himself a workshop at the other end of my property and move into the "liveable shed" when the GFC + divorce nearly bankrupted him. In return he helps me out now that I've retired, and does the "heavy" jobs for me at my house. And I get to see my granddaughter whenever I want (and occasionally when I don't want). But then, I did my best (all those years ago when he was a teenager) to make him see that life doesn't owe him a free ride. He had to pay board when he started working, and pay his own bills. (Yeah, I've always been a hard bitch) But I reckon all those 30-somethings who complain about their parents while still living at home at said parents' expense should get their marching orders. How many of you who are over 60 now could get away with living off their parents once they left school?

It seems the Baby Boomers are getting the blame for a few things lately. It's the Baby Boomers though who are looking after their elderly parents because they are still alive. I wonder if the next generation will look after their Baby Boomer parents when they get old or will they be too busy working, still paying off their big mortgages?

PS Our first home was a furnished 2 bedroom rental which we paid $17/week for and hubby only got $25/week allowance.

Our first house purchase was again a 2 BR house that cost $30K - and we never got to live in it - but it did give us some equity when we finally were able to buy when in our 50's!! And our furniture was always second hand.