I’ve been on a bit of financial planning binge over the last several months. This was prompted by a bunch of books I’ve been reading including the books from the ‘Rich Dad, Poor Dad‘ series and a bunch of investment books (including shares, bonds and property).
Meanwhile there has been a house price spike in Auckland, New Zealand as can be seen from the tail end of the graph below (data from Barfoot & Thompson).
Interestingly, during this period, total returns are 21% or 4.2% per annum. Adjust that for inflation and you got a 1.8% return on your investment, hardly amazing. But that’s a subject for another post.
Back in 2005 when we bought our current house (a 3 bedroom house on a small section on Auckland’s North Shore) we were able to get it with a mortgage of about 3.5 times our combined income. We then went overseas for a couple of years and came back ready to have our first child. Fortunately, my income had increased, so we could still afford our mortgage (3.7 times income).
These days, with two growing pre-schoolers, a wife who’s just finished studying and is returning to work our mortgage is a very healthy 2.3 times income.
Here’s the issue, like many of our peers (and generations before us) we’re now growing out of our 3 bedroom house on a cross leased section.
In previous generations they may have just added an extension (not possible with so little land) or simply moved to another house with only a marginal increase in their mortgage.
Even though our house price has to some extent kept up with house price increases, acquiring a four bedroom house on a full section in our neighbourhood would require us to increase our mortgage by 82%.
This would mean our mortgage was now 4.3 times earnings, without the likelihood of the dramatic salary increases possible in the earlier years of your career. [Note, this site suggests 2 – 2.5 times gross earnings].
So what am I saying?
There’s a lot written about housing affordability and the fact that people can’t afford a first home. I’m looking on one step further, even if you can afford a small first home, based on two incomes, what future can you look forward to when kids come along and you eventually need a bigger place?
The answer is pretty clear to me, either:
- A lot more middle class New Zealand families will be renting their homes in the future (maybe from overseas residents (again a topic for another post))
- A lot more middle class families will be forced to live outside Auckland
- There will be a major correction in house prices as people refuse to pay the unaffordable prices
- Many families will undertake a massive (possibly unsustainable) debt burden that will negatively influence their entire life.
The last point is the one I worry about. What does a society look like where families are toiling under the pressure of their massive mortgages? Unable to take holidays, struggling to put food on the table, unable to even think about supporting their community (either financially or in time)?
That’s why, I would encourage my peers and those just starting out their adult life to seriously think whether the traditional aspiration of house ownership is still relevant.
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AI technology have integrated themselves into diverse dimensions of life.
A notably controversial branch of this innovation is the AI undresser.
AI undressers harness cutting-edge algorithms to digitally remove clothing from images of individuals.
The rise of such advancements has sparked numerous societal concerns.
Some argue that AI undressers might be harnessed for constructive applications, such as clinical examination and legal work.
For example, in the medical field, AI undressers might aid doctors to better visualize the hidden details of the body.
This might lead to more accurate clinical evaluations and therapeutic strategies.
In forensic investigations, AI undressers could aid law enforcement
officials by uncovering key information that would otherwise be undetected.
However, the possibility for misuse is immense.
There is a substantial danger that AI undressers may be abused for malicious
purposes, causing major violations of individual rights.
The potential to undress someone digitally without
their permission poses significant legal questions.
There is a widespread concern that the availability of AI
undressers violates basic values of personal security.
The discussion around AI undressers is likely to escalate as innovations continue to develop.
There are appeals for rigorous regulation and legal guidelines to regulate the application of AI
undressers.
There are experts who support a middle ground that enables the positive purposes of AI undressers while defending privacy rights.
In conclusion, AI undressers represent a hotly debated
crossroads of advancement and ethics.
The persistent debate regarding their use highlights larger social concerns about the place of AI in our world.
As we navigate this brave world of artificial intelligence, it is vital that we reflect on the social implications
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AI advancements have woven themselves into diverse dimensions of life.
A notably contentious branch of this technology is the AI undresser.
AI undressers harness advanced systems to synthetically erase attire from images of individuals.
This innovation has brought up numerous philosophical issues.
Some contend that AI undressers could be leveraged for
positive purposes, such as clinical diagnosis and criminal investigations.
For example, in the clinical field, AI undressers
could assist doctors to better examine the underlying structures of the human form.
This may enable better medical evaluations and more effective medical approaches.
In forensics, AI undressers might aid investigators by revealing details that are otherwise not apparent.
On the flip side, the potential of misuse is immense.
AI undressers could be used for invasive purposes, causing major personal issues.
The potential to undress someone virtually without their consent creates significant
moral questions.
There is a growing belief that the existence of AI undressers breaches fundamental principles of
privacy.
The debate about AI undressers is expected to escalate as innovations
continue to advance.
There are increasing appeals for rigorous regulations and moral controls to
manage the application of AI undressers.
Many promote for a compromise that permits the beneficial applications of
AI undressers while defending privacy rights.
In summary, AI undressers symbolize a controversial intersection of technology and privacy.
The discussion about their application underscores wider social questions about the role of AI in our world.
As we move through this new era of AI, it is imperative that we reflect on the moral implications of
our technologies.
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AI undressers are programs that use deep learning to synthetically strip attire from images of people.
The emergence of such innovations has ignited numerous ethical debates.
Some argue that AI undressers could be utilized for beneficial purposes, such as medical examination and legal work.
For example, in the healthcare field, AI undressers may
aid doctors to more accurately examine the internal structures of the human form.
This might lead to better clinical evaluations and treatment plans.
In legal cases, AI undressers may aid investigators by exposing clues that are not
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On the flip side, the danger of misuse is considerable.
AI undressers might be leveraged for invasive intentions, resulting in major personal issues.
The power to remove clothing from someone virtually without their knowledge poses serious ethical challenges.
Many people contend that the existence of AI undressers breaches fundamental principles of
privacy.
As AI continues to evolve, the discussion about AI undressers is likely to grow.
There are increasing demands for stringent rules and ethical controls to regulate the use of AI undressers.
Many support for a middle ground that permits the positive purposes of AI undressers while
defending personal freedoms.
In summary, AI undressers embody a contentious intersection of innovation and ethics.
The discussion about their existence reflects wider social concerns about the impact of AI in our lives.
As we move through this brave age of technological advancement,
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