Banter TRTT Part 14: 2022 Goodbye (To 2023)

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Ah but you see, back then, it wasn't a 'desirable inner suburb on the beach'. It was a house that was 25 minutes away from the city, back when the population of Sydney was around 3.5 million. After all, the median house price across Sydney in 1994 was $169,000.

What people are bitching about with housing is the fact that people are living longer and so when Gen X and Millennials are going into the market place, the Boomers are still occupying homes in the desirable areas. So their kids are forced to buy homes that are now an hour away from the city or more if they want to get the equivalent entry point into the housing market. But an hour commute is a lot different to 25 minutes, which is why the prices of those inner suburb houses gets driven up to $1m+.

The issue is that you're just caught in a time when both the largest and second largest generations in world history are both vying for houses in the same market. That's what drove the parabolic growth in housing value over the last 30 years. From here housing prices will still continue to increase (simply because people will always want to live closer to the CBD), but it won't be the 400% that it's gone up by in those three decades. Mainly due to things like remote work etc.

Nonsense. Coogee is 25 mins away today in 2023 traffic. It’s closer to the Sydney CBD than Glenelg is to the Adelaide CBD.
 

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Who was the thrower for the Eagles in the final play? Couldn't get the ball anywhere near a team mate

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We can laugh but who of us can honestly say that deep down they haven't come close to crossing that line at least once over the past decade?



I feel like doing this whenever my 11yo puts on Gilmore Girls for the umpteenth time.
 
you kill 'em, we grill 'em

^ reminds me of a time when we hosted a daughter's 18th. Warning this post is probably in bad taste.

Anyway the 18th is raging on when the landline rings and quick as a flash some drunken wit picks up the phone.

"Harry's Pool hall... 8 ball speaking. Nah just kidding it's the (insert suburb) abortion clinic our motto you lay'em we slay'em, no foetus can beat us."

As he's handing me the phone a familiar voice is saying "what !!!... who is this". Hello hello is that you Xavier... yeah look sorry about that.

I'll let you guess Xavier's religion.
 
So is that considered a choke in gridiron or was it just a game of two halves?

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Yes and sort of yes imho.

Eagles dominated the first half and should have been much further ahead at half time -a fumble from. their QB led to a recovery TD for the Chiefs.

Mahomes looked down and out with an aggravated ankle injury going into half time but yet again was able to work on through the pain the last half.

But it wasn't until the last quarter until the Chiefs dominated - their defence was brilliant. But it was the longest punt return in Super Bowl history (on the back of form St Kilda draftee Siposs kick) that set the stage for the Chiefs second touchdown that in my view was the game changer.

Eagles fans (and Philly media) are furious at the tactics and officiating decisions in the dying seconds though (sound familiar).

 
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The issue is that you're just caught in a time when both the largest and second largest generations in world history are both vying for houses in the same market. That's what drove the parabolic growth in housing value over the last 30 years. From here housing prices will still continue to increase (simply because people will always want to live closer to the CBD), but it won't be the 400% that it's gone up by in those three decades. Mainly due to things like remote work etc.


There is a fair bit of factual truth in your post.

But a point of correction.

The increase in Adelaide house prices over the past 30 years has not been 'parabolic' at all. As the chart below shows - the rapid growth in Adelaide house prices over the past 30 years has been far from smooth with the biggest increase coming in the 2 years from 2022 to 2022 - the largest rate of growth for that period than any other capital city in the country and unrelated to a sharp rise in population growth fuelled by either births or immigration.


Screenshot 2023-02-13 at 7.42.16 pm.png

(source: CoreLogic Economics)

IMHO You have to look to inter-related long term policy failures at both the state and federal level to explain that sharp steeped rise. And that is a discussion best taken to the politics thread.
 
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