View Full Version : Working families have never had it so good (?!*?!)
NB, This is not a pro-Labor post, just an anti-Liberal post.
Mortgages/House Prices are at an all time high.
Since we bought our first house in June last year the interest rate rises mean our mortgage costs an extra $45/week.
Food prices have soared.
Petrol is at an all time high.
Utility bills have also soared.The Liberal party insists that 'working families' have never had it so good. What annoys me above all else is they expect me to swallow this sh*t. The Liberal party obviously think very little of the intelligence of Australia's 'working familes'.
ShadyCharacter
11-10-2007, 16:48
What you said :)
missie_mack
11-10-2007, 16:50
I agree :yes:
punkbaby
11-10-2007, 16:51
Me too! We have had our mortgage for 4months and its up $100 a month already!
biscotti
11-10-2007, 16:55
Mortgages/House Prices are at an all time high.
Actually I don't think they are too bad atm. When we bought our first house, the interest rate was 16% and a year later we locked in at 14.25% and thought we were lucky :yes:
sam's mum
11-10-2007, 16:57
umm. while I agree that interest rates are currently rising, they are still incredibly low compared to what they used to be. If you are comparing it over the short term (which you seem to be looking at), they have increased steadily over the last year, but they are nowhere near the all time highs that existed in the eighties. At one stage mortgage interest rates were up to 17%. We are paying no where near that now.
missie_mack
11-10-2007, 17:00
I think she is trying to say all those things combined are what is making it tough not individual things :)
~J'dore~
11-10-2007, 17:00
I dont think it's that bad, we've recently brought our first home too and compared to a lot of other countries and Australia in the past the interest rate is really good. It's around 10 % + in New Zealand at the moment.
If you cant afford the interest rises then fix your loan, we did, so now we know exactly what we are paying for the next 5 years. It's the best way to go for us with 3 kiddies and on only 1 income:yes:
forbetoel
11-10-2007, 17:05
NB, This is not a pro-Labor post, just an anti-Liberal post.
Mortgages/House Prices are at an all time high.
Since we bought our first house in June last year the interest rate rises mean our mortgage costs an extra $45/week.
Food prices have soared.
Petrol is at an all time high.
Utility bills have also soared.The Liberal party insists that 'working families' have never had it so good. What annoys me above all else is they expect me to swallow this sh*t. The Liberal party obviously think very little of the intelligence of Australia's 'working familes'.
I agree! I might vote Labor but it is mainly because I am anti-Liberal and am very concerned about the working class, who are so forgotton, because we are in the middle of a 'boom' and the Liberal Party thinks that everyone is gaining from it:thumbsdown:
canberramomma
11-10-2007, 17:46
Yes, it's a load of cr#p!! When you speak honestly to people, it's amazing how many families are up against it and living week to week. Others are racking up huge credit debt just to live. All this and WorkChoices, too. Thanks J-Ho!
forbetoel
11-10-2007, 17:49
racking up huge credit debt just to live. All this and WorkChoices, too. Thanks J-Ho!
Yeah thanks J-HO and Puff stello. Hide away tax payer dollars for 11 years and any government would have a healthy surplus....idiots!!!!
Current interest rates may be nowhere near 80's levels, however, the size of the mortgage was no where near as big in the 1980s. (Yes I appreciate there are differences average incomes in the last 20 years to consider.) Mortgages are so much bigger now, especially if you've only recently got into the housing market. The slightest increase in interest rates makes a big difference. We certainly didn't buy a big posh house either. It's a run down house (slowly being fixed), 40 years old and under $300k.
missie_mack
11-10-2007, 18:20
I think the cost of buying a house is a real killer on most people. In the US buying a house worth over $150k is large and expensive and they have similar incomes to us on a dollar to dollar basis (ie not exchanging the dollar)
forbetoel
11-10-2007, 18:21
Mortgage repayments in the 80's were about 15% of our wage on average, it is now takes up 40% of our wage on average.
~Emmylou~
11-10-2007, 19:35
:yelclap: I agree with every word.
I had to laugh the other day - it might have been "Hot Property" I was watching I think and they were spruiking about how property prices are predicted to rise another 40% in the next three years.
Seriously...are we to expect an increase in average wages that will be adequate to service almost $1m mortgages for an average home??
I think not. :no:
And don't even start me on the price of food and utilities :banghead:
The reality is that wages are not keeping up with the price of feeding and housing people. Period. Something has to give.
Lillynix
11-10-2007, 20:25
The reality is that wages are not keeping up with the price of feeding and housing people. Period. Something has to give.
I completely agree!!!
We bought our house almost 2 years ago, just after a property boom, granted we still only paid $127k (which was extremely cheap but it's a 2bedroom townhouse unit in a complex of 50, so nothing flash) when they are now selling for $160k+ after another property boom, and after all the interest rises we've had, and DH's wages not going up in accordence with all the other lifestyle price rises (food, utilities etc...) it wont be long until we'll be at a place where we simply wont be able to afford to pay our morgatage and feed ourselves!
It's shocking, absolutely shocking!
amumslove
11-10-2007, 20:29
I completel agree with all of you:yelclap:
Baldie's Mum
12-10-2007, 08:49
NB, This is not a pro-Labor post, just an anti-Liberal post.
Mortgages/House Prices are at an all time high.
Since we bought our first house in June last year the interest rate rises mean our mortgage costs an extra $45/week.
$45- is nothing....I have a house too, and when the interest rates went up i cut down on my consumer spending....instead of buying 9west shoes.....i buy them from target or payless.....I dont buy take out as much....but you may already do that. so its not a bag out on how you spend your money cause i dont know only you know if you spend too much, but i am just suggesting a way to make it easier. xo
Also i am not speaking for all industries but i know for a fact (because i own and run a pub) that the hospitality industry pay has gone up 2 times in the last 6 months.......My cleaner gets $29.50 (or something like that) on a sunday!!!! So i know not all indstries are.....;look at child care workers....no wonder they cant find staff, the conditions are **** and you get payed between $13-20 per hr depending on your qualification.....(thats not includng teachers)
We own our own business so we can hold our own future in our hands......If we dont work we dont make the $$$ and its all on us. And please dont think we had a head start....my family went bankrupt from the last labor gov.....thanks interest rates! plus also the earthquake didnt help in newcastle. But we all can make ourselfs better....its just knowing how!
:hugs:
$45- is nothing....I have a house too, and when the interest rates went up i cut down on my consumer spending....instead of buying 9west shoes.....i buy them from target or payless.....I dont buy take out as much....but you may already do that. so its not a bag out on how you spend your money cause i dont know only you know if you spend too much, but i am just suggesting a way to make it easier. xo
$45/week is most definately something, especially if you are on one income. In the last year I have bought 1 pair of shoes and that's because my feet expanded a shoe size thanks to being pregnant. :banghead: We've been out to dinner once in the last 6 months. My current wardrobe is almost exclusively Target, Big W or KMart (nothing but the best for me!!) At the moment our mortgage takes about 60% of our income. Fortunately we saved some money before I went on maternity leave. We are both university educated and earn above average salaries (at least I will when I go back to work). We don't have any other credit card payments, loans etc. I daren't think how people on minimum wage manage???
forbetoel
12-10-2007, 21:49
$45- is nothing....
:hugs:
Really? $45 is nothing? Well that is great for you, but over $2000 a year is a hell of lot for the average working family.
our little treasures
12-10-2007, 21:58
Really? $45 is nothing? Well that is great for you, but over $2000 a year is a hell of lot for the average working family.
I agree. I think that must be a higher wage coz $45 a week would be devasting to most average incomes:yes:
GraceUnhearing
12-10-2007, 22:21
i agree 100% being a single mum i'm never going to be able to afford my own house :( which is so sad :(
mum2derekandmia
12-10-2007, 22:40
we are a 2 income couple and I dont think we will ever afford our own home:( . I'd like to know where they get their averages from cause its not us the regular joe!
Everything is expensive. i have had rent increases ( instead of morgage ) but those who use child care have your fees gone up? Ours twice this year just plainly because of the ripple effect the interest rates and fuel prices has on everything.
Its a joke. My mum told me she heard anna bligh wants to stop ppl from buying bottled water and only use recycled. has any one else heard this. I bet she wont be drinking recycled $h!t water if this is the case! CRAZY
But ladies, don't forget, Howard and Co are economic masters blah blah blah and they are the only ones who can be trusted with the very finely balanced delicate economy blah blah blah! :rolleyes:
It's threads like these that show the Government's catch cry of 'We've never been better off' as absolute codswallop.
AquaDevil78
14-10-2007, 13:11
Yeah well Howard states that Food prices are in line with the cost of living and wages... yeah Howard we can barely afford meat and now fruit and veg as well.
Come and live in our shoes for a week you pompus *****
Its ok for him with his tax payer paid for house, food, drink, holidays, houses, trips, petrol. etc etc, of course everything is ok in his eyes he doesn't have to pay for anything.
Someone just sent me this funny clip, I think it's on topic!
http://www.offandrunning.com.au/
AquaDevil78
14-10-2007, 13:26
Someone just sent me this funny clip, I think it's on topic!
http://www.offandrunning.com.au/
Nice one!! LOL :thumbsup:
I can't believe how the howard govt is so out of touch, a family like mine is hit the hardest i think, i have 9 kids, 1 income, no payments from centre link(only basic rate of family payment), no health care card, when my kids get sick it costs us an absolute fortune, and i dont even want to talk about food prices:hair:.when is it going to end.Our family has never had it good Mr Howard get off your soap box.
elijahsmummy
14-10-2007, 14:34
I feel patronised when someone says that $45 is nothing ........:shame:
it's not like we are dwindling our hard earned cash on anything, every purchase is well thought out and budgeted to the last dollar.
People need to stop thinking about themselves and look at the big picture.:yelclap: .....if you don't want your business (be it a pub or otherwise) to go bust, then support the community like they support you...because without ppl having money to go to your pub you will not have a pub!
GO KEVIN 07
MissSookyLaLa
14-10-2007, 14:34
i agree but i am not sure that things are going to be much better under a k-rudd government...i cant stand j-ho but k-rudd hasnt come out with any prophecies about how he is going to improve this state of affairs has he?
all im concerned about at the moment is how hubby and i are going to be able to afford to pay the mortgage and eat while im on maternity leave, and centrelink is being extremely "generous" and giving us $45 a fortnight! (and hubby doesn't earn great money) they may as well not give it to me at all, the difference it will make! but i don't think that payment is going to go up any time soon, no matter who the new pm is!
Angelmist♥
14-10-2007, 14:43
Current interest rates may be nowhere near 80's levels, however, the size of the mortgage was no where near as big in the 1980s. (Yes I appreciate there are differences average incomes in the last 20 years to consider.) Mortgages are so much bigger now, especially if you've only recently got into the housing market. The slightest increase in interest rates makes a big difference. We certainly didn't buy a big posh house either. It's a run down house (slowly being fixed), 40 years old and under $300k.
Actually no, mortgages aren't that much bigger.We worked it out recently and the repayments are pretty much the same now as they were back when house prices were low and rates were high.
I've said this before............I'd love if we could go back and buy my Great-Nan's 1000 acres for a couple of shillings, buy milk for a pence :ecomcity: .It's not going to happen.It's called inflation people. Houses are in demand so house prices go up. If they didn't, everyone who already owned houses would be in a world of trouble.
You know it was only 20yrs ago that my FIL was only earning $100 per week and that was a good wage:eek:.
SassyMummy
14-10-2007, 14:48
I feel patronised when someone says that $45 is nothing ........:shame:
I don't have to worry too much about interest rates because we don't have a loan or anything...
But I do agree. I found that comment a bit silly too.
It's lots to a family, especially where only 1 parent is working. It's the difference between mince and sausages... and nice fresh lean meat from the butcher.
It's the difference between cheap plastic shoes from K-mart... and those leather beauties from Clarks.
It's the difference between sending you kid to that school excursion... or not being able to afford it.
I do think though, it might not have been said to sound as condescending as it does. The person who said that doesn't have children of her own yet, so she probably doesn't understand the realities of the costs just yet. :)
Angelmist♥
14-10-2007, 14:53
A link to another thread debating the same issues. (http://www.bubhub.com.au/community/forums/showthread.php?t=113781&page=10)
HollyHotLips
15-10-2007, 14:40
Mortgages/House Prices are at an all time high.
Since we bought our first house in June last year the interest rate rises mean our mortgage costs an extra $45/week.
Food prices have soared.
Petrol is at an all time high.
Utility bills have also soared.
Coming from a country where we paid $2.40 / litre of petrol I can't complain.
Not all of those factors are due to the government: they dont control worldwide oil prices, they dont control the weather and the drought has been blamed for the increase in food prices, they dont control the housing market either.
Interest rates get put up because in general people have more disposable income and buy luxury/non-essential items which pushes up inflation - so in theory people actually have more money coming in now (would like to get my hands on some personally!). I do think though that "they" tend to assume that we all work in the booming resources industry on salaries of $100K+ a year and forget that actually no, there are a lot of "normal" working people out there who arent out buying new this and that every weekend.
I remember about a decade ago in the UK when people were moaning about the Tories and the various financial factors like tax etc. then Labour got in and look what a mess the country is in now...
Sometimes I think it can be a case of better the devil you know.
HollyHotLips
15-10-2007, 14:45
Its a joke. My mum told me she heard anna bligh wants to stop ppl from buying bottled water and only use recycled. has any one else heard this. I bet she wont be drinking recycled $h!t water if this is the case! CRAZY
there is nothing wrong with recycled water, I've been drinking it all my life and there's nothing wrong with me....
...except this third nipple of course... oh, and hair on the palm of my hands :laughing:
Does seem bit of an odd thing for a poli to worry about though :confused:
Coming from a country where we paid $2.40 / litre of petrol I can't complain.
Not all of those factors are due to the government: they dont control worldwide oil prices, they dont control the weather and the drought has been blamed for the increase in food prices, they dont control the housing market either.
Interest rates get put up because in general people have more disposable income and buy luxury/non-essential items which pushes up inflation - so in theory people actually have more money coming in now (would like to get my hands on some personally!). I do think though that "they" tend to assume that we all work in the booming resources industry on salaries of $100K+ a year and forget that actually no, there are a lot of "normal" working people out there who arent out buying new this and that every weekend.
I remember about a decade ago in the UK when people were moaning about the Tories and the various financial factors like tax etc. then Labour got in and look what a mess the country is in now...
Sometimes I think it can be a case of better the devil you know.
Hello HHL
I lived in the UK for many years and agree that petrol prices are obscene over there. (A few years ago I remember putting the equivallent of $100 in my tiny hatchback!)
I'm not implying that the government can control many of the things I've listed, my grievance is that the government insists we have never had it so good.
At least the Labour governemnt in the UK introduced a minimum wage. I tried living on 3 pounds/hour under the Tory government - it's not easy.
HollyHotLips
15-10-2007, 16:33
I'm not implying that the government can control many of the things I've listed, my grievance is that the government insists we have never had it so good.
Furry muff :)
I agree, they seem to just assume that everyone is working on the mines and raking it in...
HugsAndKisses
15-10-2007, 16:57
all i can say is im scared....this is my first really big election i have to vote in and i feel so confused...we struggle like everyone and probably will never afford a home loan but we also still buy food each week and manage to pay our bills...although most weeks dinner here is just some cereal a couple of nights to save on meat costs....so i dunno im really not sure if we are better off now or if changing governments is the way to go:confused: :confused:
I too am totally confused by political talk and things like that, but i think that things are pretty bad now and could get better, but they could also get a hell of a lot worse, i kinda agree with Holly, better the devil you know.... On a personal level, i like Kevin Rudd, not a fan of Johnny Howards.
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