'Get a good job': Joe Hockey accused of insensitivity over advice to first-home buyer

I'm sure Australia is a lot like America in that there ARE no good paying stable jobs. Or people would have them.

 

The main problem is too many people. We seriously need to start looking at population reduction.

 

Instead of sterilising women, what about the rock ape and bum maggots, stop protecting Coal and let Australians get on with creating the employment that comes, when energy prices are slashed to a third, and Coal pollution ceases to be purchased back by the rock ape and bum maggots!,

 

Errr no, that is 20th century thinking. You don't get a loan on a house to pay it off!!!! Job stability does not really exist to that extent these days. When Joe was talking about a stable job he meant something regular (ideally fulltime) and stable enough to last a few years at least, not 10->30 years - that aint a smart strategy when pensions dont exist anymore for most people!!!!!!

Never bother paying the principal, that is so 20th century it might as well be 19th century.

Also house prices do go down, its cyclical. People complaining about 'bubbles' are just being silly - its peaks and troughs if you want to use more accurate language. The proper way to look at property is getting a handle on the direction and rate of price movement (understanding market forces, market history) and then using a loan to buy into the moving market so you can get out again for profit - then pay the loan off (only ever having paid the interest while you held it). Take the profit and repeat at the same price point or market point, or wait for them to match up again and reenter the market when it looks like a good idea.

The age of entitlement really is over, and its not the fault of any political party - its the result of population increases. There will still be a welfare net but it will be tighter and more targetted to those who 'really' cannot actively contribute to society. Everyone else will have to learn that living in the 21st century means building wealth for you and your families and your future family. If not now, then your just making it harder on them in the future.

 

There must be a helluva lot of silly people out here believing theres a bubble...
Google the subject and I think youll find theres more supporting the theory than
debunking it....

https://www.youtube.com/watch?v=gcYpESn8Ako

 

The West has been looking at, and incorporating, population reduction for decades now. We prefer BMWs to kids. Our already slow population growth still outpaces the rate of job creation.

Bush reportedly had plans for the time when 30% of the U.S. population was marginalized. It's time to see what was in those plans.

 

The whole housing thing is a mess. I don't remember when but some years ago housing went from something you required for shelter and to bring up your family to something that allowed the non-wealthy to think about getting a stupidly big mortgage and then start flipping houses in the hope that you end up wealthy. It's ridiculous now but there's no going back. The only thing that will stop it is the bursting bubble and there will be much pain.

 

Yep, somebody is not going to have a chair when the music stops.

 

Often times some of this advice given to try to help people seems more like a game of musical chairs. There's not enough chairs for all the people playing the game. "Grab a chair as quick as you can!"

 

The housing market is in crash. People cant afford the mortgage and the sale price is too high. Coalition politicians can spoof the prices in two locals, but that is because they are the last places to have jobs!

 

I suggest people start saving their money now. Keep it at home somewhere safe, and NOT in banks or credit unions. When the bubble bursts, you will be able to snap-up $500K properties for $100K

 

We could always get a house boat like they do on the Thames...
But seriously, when the US starts raising interest rates in September, and
we follow...look out....grab a chair...well, theres not much of a view from the deck
of a sinking Titanic....

https://www.youtube.com/watch?v=5FvkJAS4rI8

 

Managing risk should be part of any strategy. Fix your interest rates, and if you havent over extended then your only concern is stable employment.... which happened to be what Joe said. The reality of that these days is ensuring you also try and save enough to cover interest payments to hold your portfolio during periods of unemployement between jobs, or if you have to get a job which does not quite reach your costs of living.

The main issue again here, is what would have been Joe's 2nd point to follow on from his 1st about getting a stable job - is that you HAVE to reduce your living costs at the beginning or when things get hairy. That means;

No more overseas holidays,
no more having more then 1 car,
no more TV's in everyroom of the house,
no more latest mobile phones,
no more restaurants every week or take away eating, &
no more latest clothes every season.

If you want to live like a rich person when your under 40 (if not born into serious wealth), then your going to live like a poor person when your over 60!!!! It also means living in less then ideal accommodation and keeping the same car for at least 8 years.

The reason 'housing' is now about wealth is because the government cannot afford to look after an aging population anymore, its gotten too big, too many people. Housing is ideal for this, because it ranges from 1 bedroom units upwards to the sky, is a basic human need, can be owned, loaned or rented, can be improved extended or replaced, and exists across various diverse locations. This means a huge potential for prices to vary, which means mobility can exist for people who decide to participate with the market forces working on that market.

It puts your future in your hands, so the only person to blame is yourself if you don't get into it. Don't let failures bring you down... learn and keep going until you get it right, or come up with something else - because the days of living off the pension are long gone. The best you can hope for in the future is to live off disability welfare, but this will inevitably be assessed more closely to avoid abuse as the governments of the day cannot afford for people to abuse it to replace the pension. It might mean desperate people injure themselves, but not much can be done to stop that I guess.

 

Joes doing a great job managing his risks, has Peter Shepard disguise thousands he paid to Joe as supposed donations from Transfeild Service who not make political donation. Then Joe slips Peter a job which the punter, not Joe fiancés, and then Peter slips Joe back a few bob all matey like. Then of course is Joes exclusive and exurbanite punter paid pension which can be drawn on early as a Bank loan. Boy the scum beneath Joes feet really do need to wake to themselves.