House prices to keep falling for years

[numbercruncher]

I see the " handout crew " that Von Norman and Robots dislike so much are at breaking point ( like the Goverments budget ? ) ......

The welfare sector says it's at breaking point and needs an immediate $300 million cash injection to keep services running.

Representatives of the social service sector met in Canberra on Wednesday to nut out a plan to deal with the financial crisis.

The sector says demand for services like housing, counselling and emergency relief has more than doubled over the past few months.

http://news.ninemsn.com.au/article.aspx?id=672255

 

[Mofra]

I see the " handout crew " that Von Norman and Robots dislike so much are at breaking point ( like the Goverments budget ? ) ......

You quoted demand for housing!
NC, you're supposed to be praying for widespread misery & destitution!

You're gonna get kicked out of the bears club.... :

 

[chops_a_must]

You quoted demand for housing!
NC, you're supposed to be praying for widespread misery & destitution!

You're gonna get kicked out of the bears club.... :

I think it means demand for emergency housing for those fleeing violence and eviction etc. Which has been basically non-existent for a while now.

 

[ROE]

Not if people are loosing their jobs. While the government plays down the impact the global crisis is having on Australia, the thing that will hit home hardest is the massive layoffs to come as local and international projects come to a halt. So what good are rate cuts and stimulus packages if so many jobs (including Govt jobs) are getting cut left, right and center? Less buyers and more defaults to come.

I'm a prospective FHB in Sydney, am 23, have a full-time graduate position and have enough saved to pay a 10% deposit (if using the FHB grant) for a $400k property. If I buy now, I would consider myself stuck paying off the mortgage (and HECS) for the best part of my life, and if I lost my job, what then? It's too risky in my opinion, unless I had a partner (dual income) - but that's not gonna happen

Maybe a $300k property is more in my price range. Even then, job security (or ability to find a new job if I lost my current one) would be my #1 concern. Not touching the property market until the employment situation improves, I'd imagine others buyers would be doing the same thing. The improved FHB grant and rate cuts are simply not enough.

Wouldn't most FHB's be GenY's who have HECS debt and possibly a car to pay off (not to mention other credit card debts)? They would also be entering a very competitive global job market in possibly the worst financial conditions ever faced, with starting salaries in the $50k-$70k range. Let's not even touch the crazy prices for rent or property. It's hard to imagine such people even considering shouldering another ball and chain (aka mortgage), let alone starting a family. The mind boggles

You be millionaire and debt free soon enough with that sort of thinking nice and slow no need to run when you cant walk yet but alas most people learn to run before they can walk, now they pay the price of tripping over

 

[robots]

hello,

"The sector says demand for services like housing, counselling and emergency relief has more than doubled over the past few months."

thats a clear explanation, sure put domestic violence into emergency relief but the rest can get a job and do it like everybody else,

unemployment still under 5%, wow under 5%

we will accept you Numbercruncher when the bears boot you out,

thankyou
robots

 

[YChromozome]

You be millionaire and debt free soon enough with that sort of thinking nice and slow no need to run when you cant walk yet but alas most people learn to run before they can walk, now they pay the price of tripping over

I don't know why people fear recessions and depressions. They simply take from the people who thought they knew what they were doing and give it to the people who do know what they are doing.

As for the Sydney Morning Herald; Do they know what they are doing?



Signed,

Confused.

 

[chops_a_must]

sure put domestic violence into emergency relief but the rest can get a job

That's the problem numbnuts, neither group can get shelter.

 

[ROE]

I see the " handout crew " that Von Norman and Robots dislike so much are at breaking point ( like the Goverments budget ? ) ......




http://news.ninemsn.com.au/article.aspx?id=672255

Charity should start building cheap housing accommodation and cater for the needy .. Housing should be for shelters , the rest of the money should be invest in infrastructure and other useful purposes other than pure speculation on capital gain.

 

[robots]

That's the problem numbnuts, neither group can get shelter.

hello,

you talking about evictee's? go rent another place, thats the choice they have made

plenty for rent you keep telling us, re.com.au is loaded with all sorts

thankyou
robots

 

[chops_a_must]

hello,

you talking about evictee's? go rent another place, thats the choice they have made

plenty for rent you keep telling us, re.com.au is loaded with all sorts

thankyou
robots

I'm talking about emergency accommodation having a waiting list of up to 12 months in a lot of areas.

You clearly live on a different planet robots.

No idea.

 

[robots]

hello,

the salvo's, mission's, church groups are absolutely loaded

they are chameleon's, instead of selling off properties why don't they develop into low cost housing for there punters,

they wont because it will cost them a fortune in maintenance, keep your money in pocket and let these groups run themselves

thankyou
robots

 

[robots]

I'm talking about emergency accommodation having a waiting list of up to 12 months in a lot of areas.

You clearly live on a different planet robots.

No idea.

hello,

thats right

thankyou
robots

 

[chops_a_must]

hello,

the salvo's, mission's, church groups are absolutely loaded

they are chameleon's, instead of selling off properties why don't they develop into low cost housing for there punters,

they wont because it will cost them a fortune in maintenance, keep your money in pocket and let these groups run themselves

thankyou
robots

WTF? How can you say something like that?

When you choose to join the real world robots, let us know, hey.

I really would laugh if you came a cropper for the disdain you show for people. The world is much better off without the attitude you display, that's for sure.

To back my point up. This was a pretty easy find on google for instance:

Posted April 10, 2008

A not-for-profit housing organisation in Western Australia's great southern has warned Albany is in desperate need of short-term crisis accommodation for homeless people.

The only available crisis accommodation in the city is the Young House, for disadvantaged young people and the women's refuge.

Des Bray from the Great Southern Community Housing Association says there are 280 people on the waiting list for public housing and people are waiting more than a year for accommodation.

HomesWest in Albany has about 360 people waiting for housing.

Mr Bray says the State Government needs to establish short-term crisis accommodation in Albany for people who have nowhere else to go.

"We can only accommodate people when we have a vacancy or when we have additional properties coming online which is not great," he said.

"Obviously, they have nowhere to go."

http://www.abc.net.au/news/stories/2008/04/10/2213192.htm?site=southcoast

 

[robots]

hello,

get some wealth figures on the church groups for instance, many of them have more coin than Buffet,

they have numerous divisions and it astonishes me they dont themselves build more gear if thats there operation (helping people)

cycling around i see these places getting sold off

thankyou
robots

 

[robots]

hello,

man, i would be homeless too if i didnt get up mon-fri and go to work

thankyou
robots

 

[ROE]

hello,

get some wealth figures on the church groups for instance, many of them have more coin than Buffet,

they have numerous divisions and it astonishes me they dont themselves build more gear if thats there operation (helping people)

cycling around i see these places getting sold off

thankyou
robots

Church group are not charity, they serve a different purpose...Church money are for spread the word of god mainly and charity is something they do as well but their main purpose is spreading god's work.

Whether you like it or not is another question but every group has their purpose.. Coffee business group promote drink coffee, Woolworths promote fresh food.

People like Hardly Normal promote animosity against disadvantage people.

Charity is there to help people in desperate need and these guys do it for free and they need all the support they can get.

 

[cuttlefish]

the salvo's, mission's, church groups are absolutely loaded

I don't know about the others in that list, but there is no doubt the church is loaded ... look at the prime land that they own (check out where the worlds churches are located). Half of Sydney North Head's luxury houses are on land leased from the church - its probably over a $100 million worth of land in that pocket alone (possibly much much more). People pay a million just for a lease on a block of land let alone freehold.

Of course that doesn't help the people that do need the crisis accommodation ... and unfortunately society is unlikely to improve in any hurry on that front.

 

[chops_a_must]

hello,

get some wealth figures on the church groups for instance, many of them have more coin than Buffet,

they have numerous divisions and it astonishes me they dont themselves build more gear if thats there operation (helping people)

cycling around i see these places getting sold off

thankyou
robots

What part of "not-for-profit" don't you understand?

Any money they have, gets spent on their causes. They don't do anything else.

Have you ever done any charity work knob-bots? I'm not talking mickey mouse stuff like red cross etc, I mean serious nitty gritty charity work.

 

[ROE]

I don't know about the others in that list, but there is no doubt the church is loaded ... look at the prime land that they own (check out where the worlds churches are located). Half of Sydney North Head's luxury houses are on land leased from the church - its probably over a $100 million worth of land in that pocket alone (possibly much much more). People pay a million just for a lease on a block of land let alone freehold.

Of course that doesn't help the people that do need the crisis accommodation ... and unfortunately society is unlikely to improve in any hurry on that front.

that the trouble with people, they find excuses not to help..oh the churches is loaded they don't need help or this person is this and so and so has house on the harbor, anything but dig deep.


why not just accept that if I just give some of that may go to someone who really need it..When I give I dont give a ****, some of that will go to the needed, yes some of that will filled up someone coffer but

if everyone question and make excuses to make them feel better for not helping then well they will never give anything to anyone and Charity is a very lonely place.

 

[robots]

What part of "not-for-profit" don't you understand?

Any money they have, gets spent on their causes. They don't do anything else.

Have you ever done any charity work knob-bots? I'm not talking mickey mouse stuff like red cross etc, I mean serious nitty gritty charity work.

hello,

exactly "not for profit", they could have $1 in the bank or $10bil in the bank its still not for profit and call on the Gov to step in while the exec's at the joint pump up the $

no,

thankyou
robots