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If you miss the boat it will be your own doing not Keens! We are all responsible for our own decisions.
Keen warns Australia headed for sub-prime crisis
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If you miss the boat it will be your own doing not Keens! We are all responsible for our own decisions.
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It's a liability not an asset. If you don't own something outright it is a liablity.
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The only boat you'll miss is the SS RuddTanic
Buying a house is an emotional thing so if you see someting you cant live without go ahead but only if you can lock your interest rate in for 5 years and are sure you wont lose your job.
Apart from that wait and see it all happen, it will start in a few months.
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one reason why the housing market will collapse. No one owns their home but they all act and spend like they do, epically the speculators. They all say they have 3-4 houses. All they have is 3-4 30year fixed mortgages hoping to earn big based on the assumption they can only increase in value.
Same problem that occurred in the states - since house prices never fell since the great depression everyone was speculating they would never fall and they can only go up so they also bought 3-4 houses with 30 year mortgages. While never actually owning their home they all spent and acted like they did.
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Wysiwyg
Everyone wants money
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I want house prices to come down further.Along with the exorbitant rents charged by the fat greedy owners.
Where are these magic properties where it is cheaper to buy next door than rent your current spot?
In our area (Marsfield, Sydney) the rent is approx $500-600 cheaper a month than buying the spot next door, and our particular street happens to be one of the most liquid in the whole area thanks to a combination of uni students and lots of yuppies.
In our area (Marsfield, Sydney) the rent is approx $500-600 cheaper a month than buying the spot next door, and our particular street happens to be one of the most liquid in the whole area thanks to a combination of uni students and lots of yuppies.
Prospector
Not a scaredy cat anymore
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Whoa, nice assumptions there. Our IP costs us far more than we could ever charge in rent, thanks to Land Tax, Body Corporate, Council rates etc.
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Assumptions all over the joint !
1 assumin g we all have mortgages
another assuming all us investment property owners are fat !
i assume both these posters bitter they got left behind on the property wheel and missed out in the first place when things were a bit cheaper?
1 assumin g we all have mortgages
another assuming all us investment property owners are fat !
i assume both these posters bitter they got left behind on the property wheel and missed out in the first place when things were a bit cheaper?
Lucky_Country
Formerly known as ijh
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The banks are the key to the property market.
Will they foreclose on people who fall behind knowing its will affect their profits or help the unfortunate out and keep the house prices stable ?
Unemployment will rise fast and is set to top 8% within the next 6 months.
Anyone who thinks AUS can escape a downturn in house prices when the rest of the world already has is dreaming.
Maybe a buy in 12 months !
Will they foreclose on people who fall behind knowing its will affect their profits or help the unfortunate out and keep the house prices stable ?
Unemployment will rise fast and is set to top 8% within the next 6 months.
Anyone who thinks AUS can escape a downturn in house prices when the rest of the world already has is dreaming.
Maybe a buy in 12 months !
hmmmm the fat greedy owners bit....
that is a bit rich....its a market place just like any other market....if you dont have the money, or dont want to pay the price, that is your choice...stay away from that market
you should check the rules before playing any game....
like some posters on another forum ...
...if you think the place is worth a lot less, just roll up and make an offer anyway....its worth a try
what would you call the people who made offers of half the market value for the hampton houses involved in the methane gas problem....or the people who lost their houses to the fires....
I guess Boral and all the other companies that make building products will have to import basically slave labour...in order to bring the prices of materials down...or worse...send their operations overseas.....and create even more unemployment
be careful what you wish for....or it may come true
that is a bit rich....its a market place just like any other market....if you dont have the money, or dont want to pay the price, that is your choice...stay away from that market
you should check the rules before playing any game....
like some posters on another forum ...
...if you think the place is worth a lot less, just roll up and make an offer anyway....its worth a try
what would you call the people who made offers of half the market value for the hampton houses involved in the methane gas problem....or the people who lost their houses to the fires....
I guess Boral and all the other companies that make building products will have to import basically slave labour...in order to bring the prices of materials down...or worse...send their operations overseas.....and create even more unemployment
be careful what you wish for....or it may come true
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so your a professor now AND you have followers! Talk abut an ego
You know there's something wrong with the market when people are actually listening to Robots.
One story from the Great Depression was when a stockbrokers' shoe shine boy was giving him stock tips, he then knew it was a time to get out of the market
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More like 2 years.
hello,
yes associate professor robots,
bought the certificate for $3.95 next to the 2-pack NoDoz at 7-eleven, i hope TheAge or Herald-Sun get in contact with me for some headlines
could turn around Fairfax
thankyou
associate professor robots
If Australian housing is rightly priced, why do federal and state governments need first home grants and various incentives from different states?
If first home buyers can't afford housing, doesn't that tell us it's over priced? Why is the need to manipulate the price? Why not let the market decide?
What would happen to the economy when house prices slide?
Yes, so many rhetorical questions and yet such simple answers.
On a side note, why doesn't the government start a first car buyers grant? A$5000 payment to any secondhand car that you buy or $10000 for a new one. That way we keep old car prices artificially high. Your old $500 Datsun 120Y is now worth at least $5500.
I'm joking by the way.
If first home buyers can't afford housing, doesn't that tell us it's over priced? Why is the need to manipulate the price? Why not let the market decide?
What would happen to the economy when house prices slide?
Yes, so many rhetorical questions and yet such simple answers.
On a side note, why doesn't the government start a first car buyers grant? A$5000 payment to any secondhand car that you buy or $10000 for a new one. That way we keep old car prices artificially high. Your old $500 Datsun 120Y is now worth at least $5500.
I'm joking by the way.
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havent you heard, regulated markets are all the rage,
free markets are so last year.
They think they can regulate it but markets have a habit of hittng back, wait for it
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