You go you good thing !!
Make sure they understand to bid up up up ^ , 105pc mortgages to maximise those neg gearing incentives !!
Skys the limit !! 500k house today is the million dollar house of next month !
All that speculative cash puring out of stocks and driven by bad sentiment has to go somewhere!! and god forbid people actually wanting to sit on cash when opportunity abounds like this!
But they are likely to be the ones that turn the market...Forgetting the idiot factor who take out lodoc loans---they deserve to go belly up.
INTEREST rates are set to rise for hundreds of thousands of mortgages - regardless of official increases by the Reserve Bank - because lenders are struggling with a global credit squeeze caused by the crisis in the US housing market.
The big banks could follow non-bank lenders such as RAMS Home Loans, which yesterday flagged its financial distress, leading to predictions that it may have to pass higher borrowing costs onto customers.
Non-bank lenders such as RAMS account for 30 per cent of the $830 billion mortgage market, and have been able to offer low-cost mortgages by borrowing cheaply out of the US.
Your dreaming, within three months nobody in Australia will be able to get a mortgage without 20% down.
Aussie Real Estate Boom is over boys and girls. Better hold onto your hats, because this bust is going to be a humdinger...
I can't see what's wrong with that, or why that would contribute to a bust in RE. It might merely slightly change the demografics of who can and who can't buy RE, but with the current affordability problem I can't see that 20% down changes anything at all.
'Owning a home is a privalege not a right' anywhere else in the world. Its when those who can't afford a home starting thinking they should buy one that you start having sub-prime market type failures causing everyone else to lose their a$$ as well.
Sorry, but these wierd ideas that spring up in various colonies about poor people buying houses is getting to be a bit of a pain.- rent instead. rent is good: it doesnt get you into trouble and it pays off mortgages for people who can get loans and who can guarantee loans, and all goes well with the economy after that .... - rent boom ...
Markets that belong to the affluent usually hum along better anyway don't they? They also tend to become even more expensive and more affluent as markets, once the rich get more greedy. Lack of affordability hasn't stopped global RE prices - look at Europe! No-one talks about "affordability" gees ....
roll on RE boom!
MHO - DYOR
- flame me who cares
Aussie Housing prices are going to go back to 2003 levels..
hello,
bricks and mortar, bricks and mortar, bricks and mortar
another smashing for the ASX today
thankyou
robots
hello,
wow, 5 big ones at one stage
keep collecting those share certificates numbercruncher, might be able to use them in the "library"
got nothing to do with leverage
people will still be lining up for the quality assets on the weekend
goodluck
thankyou
robots
Why are you here if you view the share market with disdain?hello,
bricks and mortar, bricks and mortar, bricks and mortar
another smashing for the ASX today
thankyou
robots
Did you watch Bruno?hello,
when have I shown disdain for shares?, I have shares and follow those posts and post for those as well
I found this thread gave out commentary that is not right,
many are saying property has gone nowhere since 03/04, then they say it is going to drop to 03 prices, but hasnt it gone nowhere?
you show me one post where I have said RE is going to boom, I have continually stated the good property is solid as, and you are in denial if you think this is not the case
thankyou
robots
And you accuse others of denial? Look around you, there is a credit crunch happening. As I said well back in this thread. HPI is all about loose credit. Things will change when credit tightens.hello,
i dont watch any of the attachments people send through wayne
almost 2 yrs for this thread and will look forward to 3 yr anniversary in 08,
the handout crew will still be about i guess
thankyou
robots
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