Haakon
has an accommodating arse
yeah, that gets beaten out of you eventually...i guess its just my cheerful optimism that lets me down here
yeah, that gets beaten out of you eventually...i guess its just my cheerful optimism that lets me down here
Yeah but some kook was on the radio this morning saying that the house will be worth more when you retire so it's all good. Problem is you can't eat your house in retirement when you have no money for food.this plan to let young uns use their super is one of the dumbest hail mary plays yet.
But that's when you sell it and move into a nursing home to bath in kerosene.Yeah but some kook was on the radio this morning saying that the house will be worth more when you retire so it's all good. Problem is you can't eat your house in retirement when you have no money for food.
Yes you can, they're already doing it with seniors now This is how they'll reduce generational wealth.Yeah but some kook was on the radio this morning saying that the house will be worth more when you retire so it's all good. Problem is you can't eat your house in retirement when you have no money for food.
I think one election in my adult life had an outcome I wasn't disappointed in.as opposed to every other election...?
this plan to let young uns use their super is one of the dumbest hail mary plays yet. you dont make houses more affordable by pumping more money into the bottom end of the market, you trim the tax breaks at the top. and you'd have to repay that money into your super when you sell that house, so how will the property ladder work on the next generation of first home buyers if there's a huge current money penalty to moving up?
i fear that some will fall for this as more money for me to spend, it wont get you more house or make it easier to buy. the prices will just go up again. i am fearful i am, about to be disappointed in the voting public though
Well at least I won be catching cooties !But that's when you sell it and move into a nursing home to bath in kerosene.
Me too. Don't think I'll change my mind between now and Saturday.So I voted today.
This is what I find so fascinating about the housing affordability bs. This isn't about housing being affordable for Australians it's business.Yes you can, they're already doing it with seniors now This is how they'll reduce generational wealth.
https://moneysmart.gov.au/retirement-income/reverse-mortgage-and-home-equity-release
There was a headline the Australian that was quite open that this was a big benefit… No idea what the article said behind the paywall though. Usual crap I assume.While thinking about it a nice side effect of drawing money out of your super is it reduces the influence of super funds in the stock market. Traditional finance hates the super funds being able to vote against them at the AGMs and having seats on their boards. With super funds having to liquidate holdings to pay out people for housing then they will loose some of that influence. It's win win, the banks who get more money in housing and traditional corporate don't have to report to the plebs any more!
If the housing market crashes, so will your super generally. No doubt it's going to fuck some people up, but the Govt will look at the money they'll save.What happens when the housing market finally crashes and a large number of people have scooped a housing deposit out of their superannuation? It won't just be young-uns that do this.
Probably knocks down the value of everyone’s super if enough cash is pulled out and dents the effectiveness of super funds performance. Or something…While thinking about it a nice side effect of drawing money out of your super is it reduces the influence of super funds in the stock market. Traditional finance hates the super funds being able to vote against them at the AGMs and having seats on their boards. With super funds having to liquidate holdings to pay out people for housing then they will loose some of that influence. It's win win, the banks who get more money in housing and traditional corporate don't have to report to the plebs any more!
Absolutely getting old is a business, the reverse mortgage business is a particularly sleezy part of it.If the housing market crashes, so will your super generally. No doubt it's going to fuck some people up, but the Govt will look at the money they'll save.
My neighbours are in their 70's and just sold their home and land for $2.5mil, they were previously on part govt pension and super payments, they lost their pension due to the home sale, downsized to a $1mil home, paid CGT on the rest of the money and then one of them suffered a bad stroke and can't move plus they already had pretty bad dementia, so one of them went in an old people's home, $500k entry bond, and it's costing around $4000 a month in care.
@Litenbror Getting old is a business in this country.
Spot on. I can't think of the amount of times in the past that we have heard that super is untouchable, well, until it isn't.Probably knocks down the value of everyone’s super if enough cash is pulled out and dents the effectiveness of super funds performance. Or something…
LNP really don’t like super funds….
Dare I say it, home ownership is still petty high. I estimate about 100% of homes are owned.in keatings day when there was high home ownership
I recall there being a certain % of super investments tied to secured loans (such as mortgages) but learning about such things was a long time ago and specifics escape me and hAve likely changed.If the housing market crashes, so will your super generally.
That’s the college spirit!Probably a waste of time for me to even vote. The other parties are already defeated because nobody has even heard of their candidate.