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If investors only BUILT new houses for rental there wouldn't be an issue. But they buy up existing housing stock which pushes prices beyond the reach of owner occupiers.

Sorry, afraid not correct.

I watch a lot of Youtube but not the AI stuff. Currently watching Engel's coach shop, the Armour museum in Cairns, and the BBC Trump report. I have found that they all get stale after a while. I have given up on the flying ones except for Blancolirio on accidents and Trecanair Flying for Fun, which is about maintaining and flying old homebuilts in Cornwall.

Were they all related? There's NO privacy in small towns. Can be very Boring also, and hard to get things done. Everything costs More and woe Betide you IF you are different. You have to travel for education, or specialist Medical services. No good Jobs for the Kids. Nev

Inflation negates capital Gains. Nev

I say the same thing. However, although the sale pricing of the property has doubled, the value hasn't really changed since the money (if I sold right now) doesn't buy a more grand place. Capital gains are only realised by wealthy speculators who buy multiple properties.

Mispronunciations. Nev

A couple of things I notice with AI-generated voice-overs. The voice-over very often trips over "lead". The mistake is in the use of the long or short 'e' vowel sound. It will give 'leed' when the correct sound should be 'led'. Another sure sign of AI generation is when the voice-over falters of there is a full stop or comma in what needs to be said. It often happens with 'U.S.A." or when saying a number in the thousands where there is a comma such as $60,000. As soon as I hear one of these mispronounciations I click out.

We often get these 'random thought' posts. I do it myself a lot. Best to simply read the post, chuckle, and move back to the original topic.

YouTube is not a University. Most of itis unreliable. Watch it if you want entertainment and are bored with your Life. Life is short. Nev

Off Topic. How easy it is. Nev

pray come to play wait for the springtime

Our current home has doubled in value (at least) since we bought it nine years ago. We are in a very small rural town, you could call it a hamlet, and I can see no reason for that sort of increase. Fortunately, all our five kids are now approaching or past 50 years old and have paid off their hex debts and most of their house costs, but the grandkids are entering a very different world.

Oh, l was also paying rent on my little factory plus travelling up and back to my block 3x a wk plus forking out on materials and building l was doing on the place. Plus, l built a second business and ran the both up until last yr my whole working life.

Anywayyyyy, same same. None of this bsing on here does one damn thing. As l said a few pages back. Forget all your gripes and begrudging of whatever you think of the younger generations now and l actually agree on some of it with a good portion of them myself anyway. IT's about our useless pollies and them running our country into the dirt. And that's all in the numbers, easy peasy, they're a disgrace and they're destroyng what's left of us, simple as that.

lf they couldn't afford it then at the normal 3 and 4 x the average- there's that word again, oh no- how would they have been at 7-11x av wage. But eh, as per Reds last one, l rest my case. Many here are missing the points and have been out of the real world that s these days 20yrs. l bought my first place at 25. 37acs an hr out of Melb. Same time l was running a business l built myself at 23, plus paying rent on a unit in Melb . No way on this earth l could do any of that now at 25, not one hope in hell. That same block l bought back then is now 600k. Rents are 2000 a mth min and there's so much red tape and taxes and costs and regulations in starting and running any business now you could never do what l was doing back then at 23. Not one hope in hell.

He doesn't think he's a king, he thinks he's God. About time someone got rid of the miserable conniving basket.

Never went to uni. Like it or not, some people will never own a home. Some live in rentals all their lives. The problem is there are not enough homes to buy or rent. Who builds the rentals? Investors. And if you punish the investors with too heavy taxes, the rentals don't get built. I guess I should consider myself lucky. I bought my first house in Sydney a few months after I got married in 1972. As the manager of a bank's computer centre, I got bank finance. In 1978 I was transferred back to Melbourne, where I bought my second house. I paid that house off with my long service leave pay when the bank amalgamated and as an employee of the minor partner, I was retrenched. I had worked for the bank for 29 years. I still live in that second house, so increasing mortgage interest rates or rentals don't affect me.

Sorry, Red, but you have it wrong. The mean is the mathematical average of all numbers in a data set. The median is the exact middle value of a data set when the numbers are sorted in order. Here is an illustration where the an original set of scores has two more included. In the illustration, the numbers 75.5, 83, and 41 &90 are obtained from the original data. The numbers 73.1, 82 and 42 are what one gets after inculding the two extra scores. We give a stvff because a lot of us here have decided that accuracy in posts is important. That is why we like to see where the support for a comment comes from. In my post here, the diagram comes from a Google search for the difference between 'mean and median', as well as the fact that back in the day I did a course in statistics at Uni, and the topic is usually included in high school Maths.

Yeah, but half the families around me when I was a kid, couldn't afford a mortgage, either. Yes, I'd like to see better housing availability. And I'd also like to see fewer entitled people expecting someone else to solve their problems for them.

Hear that Benjamin Netanyahu is the worst US president sunce Eloin Musk. But pootin was no better

Ohhhh crikey. Who givsaneff. So what, with all that fancy twisting and turning end of the day, you reckon what 7.5 to 10.5 - some stats say 8.5 to 11.5 x the "real" average wage to buy a house in your country,with whole generations and families missing out, is all good eh. Not to mention all the other stuff going down the toilet. l don't think too many people round here have younger kids or have ran businesses.

No it doesn't. Take 12 houses for sale, 10 @ $1m, 2 at $600,000. The average (mean) is 10 x $1m + 2 x $600K = $11,200,000/12 = $9,333,333 The median is $1m + $600K =$1.600K / 2 = $800K

Yep, lets all get all technical on bullshit that doesn't even matter. Out of everything said and going on in your country, you two are all caught up on some bullshit term that means much the same thing anyway. 🤣

It's nice to know someone has a knowledge of the various terms used in Statistics.